80,000 Bitcoin millionaires are wiped out.
(cointelegraph.com)
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Only if they paper-hand like morons.
Wise investors buy in a bear, and sell in a bull. Idiots sell in the bear, and buy in the bull. It really is that simple. If you want to grow your wealth, learn how to ride the market and ignore your base emotional impulses.
Those who understand that the Central Bank is moving massive amounts of fiat to accomplish this illusory 'crash' will ultimately come out on top. The Khazarian Mafia is doing everything they can do crash all alternative currencies before the big show begins. They are running their financial systems at full capacity right now just to drive the crypto prices this low.
It won't be long now until the dollar completely collapses. On the day that happens, you will see a mass exodus into alternative currencies like crypto from people who are desperately trying to preserve their wealth. The crypto market is going to spring back hard from this market manipulation.
The bull run that will follow this temporary event is going to be legendary, and it will melt faces.
Gold and Silver are money. Unbacked cryptocurrencies have always been a distraction. You are being played.
To understand crypto, you need to stop seeing it as currency and start seeing its function in the digital world.
Case in point: Revolution Populi.
RevPop aims to solve a very unique problem in the digital space; that of Data Sovereignty. They aim to design a blockchain database that stores user data and allows the user to have the keys to determine who has access to that data, and what happens to it.
This type of data sovereignty tech can be widely applied to areas such as Social Media, Intellectual Property like video games, films, and music, as well as medical records, tax records, and any number of other forms of data that are transacted from one individual to another.
RevPop's RVP token will be the asset that gets transacted whenever data access is sold or purchased on the blockchain. This is what you call use case in the crypto market.
There is an important distinction between crypto currencies and crypto assets that normies must understand. Some cryptos, like Bitcoin, do aim to be direct currencies. These derive their value from the faith investors have in the token's viability long term; the token cap, the resilience of the blockchain, etc... Other cryptos, like RVP, are assets that derive their value from the use case.
In RVP's case, the ability for an individual to have complete control over their data and where it goes is an invaluable concept, and that makes the market space of that project extremely lucrative. Consider that Facebook and Twitter trade billions in fiat every year for that data.
Most folks can't see the 40,000 ft view of the crypto space. They consider cryptos to be nothing more than digital money, which is a gross oversimplification of what blockchain technology is and what it can do.
I understand crypto. Do you understand money?
https://www.milesfranklin.com/the-seven-characteristics-of-money/
Hardware wallets sealed inside waterproof storage seems durable enough.
Cryptos are divisible by whatever integer the developers program. Much more divisible than the dollar.
Cryptos can be carried on a person, and transported easily across borders. They are far more convenient than gold and silver.
Consistency is difficult when we still exist in the Khazarian economy. All markets are inconsistent while the Mafia continues their manipulation of all global assets and currencies. Gold and Silver are equally susceptible to this manipulation.
Return to my post above and read what I wrote about use case. Many cryptos derive their value from the function they provide in the digital world, and the ecosystem that enables that function.
Consider this analogy: Cab drivers are valuable, no? They transport an individual from one location to another. That transportation is not something that can be transacted. It must be given a value, and be traded for with an asset. A dollar amount can be given to the cab driver who will then provide their function of transportation to you.
Take that concept and apply it to data streams on the internet. Those data streams are just as valuable as the cab driver's transportation function. A data stream's value is extracted from the digital space via crypto blockchains that rest as foundations for the next iteration of the internet.
All viable blockchains limit their quantity at a set amount.
We are beginning the second decade of crypto adoption. The history of acceptance will only grow from here.
All this is not to say that you shouldn't buy gold and silver. Those are still great assets to own and hold while we ride out this market crash.