*DISCLAIMER*
I'm not calling for an instant stock market or crypto crash
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Back in 1929 one of the most devastating stock market crash took place. This was because so many average people were able to participate as years went on. Speculation was wild and the market expanded rapidly. At the bottom of the crash, stock shares were worth around 20% of their value. Many lost everything, some even took their own lives because of it.
Much like the stock market of the roaring 20's, the crypto market has been expanding rapidly and the downside risk of these assets are huge for some. What's even scarier is that the whole market could come down 80% in a day or so. I've seen hundreds of billions in and out of the market cap on a normal day, imagine what will happen when panic ensues!
I'm not here to call for a crash, but to talk about the minnows that could very well be getting in the game in late stages. Some people are mortgaging their houses for bitcoin. This is not wise. People could lose everything. Thus, people may take their lives when this crash happens even though the market could bounce back rather quickly.
I believe that cryptocurrency markets need to become communities. It's our job to band together and support those who may lose everything in the short term and remind them that this market has a future. I see so much hatred and people pinning against each other. We need to change our values as a whole and realize we are all in this together against the banking cartel and wall street.
We are trying to change the world, not just get more wealthy than your neighbor in the end.
Think about this. I hope you all choose to be people that lift up those that are down, especially when their entire life savings or family livelihood are on the line
Oh, and remember, IF YOU OWN CRYPTO AND ARE AT A LOSS, DO NOT SELL.
This stuff has a real future, so just HODL damn it.
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If you want to learn more about the 1929 market crash and the great depression, check out this article from history.com