Hey There My Steemit Friends!
First, let me say "I hope you all LIVE LONG AND PROSPER!
Now with that behind me...
On to the meat of the issue that I want to bring to your attention.
One that the big institutional guys are "Banking" you don't know...
Literally!
One that could potentially make you a lot of money if you are daring enough!
As the title says, there is a Crypto Conspiracy going on...
Here is why I think so.
First a little history...
Near the end of the last century, there was a boom in innovation and the tech industry exploded.
People were rushing to invest in anything in the tech sector and stocks went through the roof!
This era was the last time the world had seen and emerging technology like the "Blockchain..."
Tech was brand new and most people really didn't know what we were going to ultimately use it for. But most people of that time could see that the new innovations in tech were going to be very important... Actually, they had no clue as to how important! But people rushed to get in!
Here is a historical chart from 1990 to 1991...
And the middle of that year was the beginning of a very bad recession...
The following chart shows Bitcoin (BTC) since the beginning of 2018 to the time of this article.
This chart shows roughly an 80 to 87% correlation to the chart from the previous chart of Nasdaq history.
In the early, to mid-nineties, the average investors were making huge amounts of profit, buying stocks like Dell, Microsoft, Netscape, AOL, and many other smaller entities that were booming...
During that time most of the institutional investors were holding back and waiting... What happened?
They completely missed that bull market!
From 1994 to 1995 we had a bit of a bear market so the average Joe's were selling their tech stocks.
Why?
Because of misinformation originally coming from the institutional investors, which were saying that if you are buying or holding internet stocks you are crazy... You will lose all your money!
During this time guess who was buying? The institutional investors!
During that time institutional investments in internet stocks doubled during while they were saying nobody should be buying these stocks! After which, from 1995 to 2000, we had the biggest bull market we have ever seen.
They literally and legally "Stole Profits" that should have been in the hands of the little investors!
From the mid-nineties to now, the institutions have used a roadmap for spreading fear to reap cheap prices is nothing new. It goes way back!
During the housing crisis of 2011 / 2012 we all know about, the banks bought up millions of houses that created the problem... Then they were spreading misinformation saying they were just taking all the junk off the table... What happened next, the sector jumped 40 to 60%! While the little investor fled the market, one company, The Blockstone Group spent $9.6 Billion for 50,000 homes. At the same time, it was virtually impossible for the little guy to get a mortgage!
During the DOT-COM Crash institutions were buying up internet and tech stocks for pennies, all the while as the market started to come up, they were spreading the lie that it was "too early to buy!" (CNET)
During the '95 Internet Market institutions were buying while the little guys were selling...
This is how the rich investors get richer...
And, guess what?
It is still happening today folks!
It is happening with crypto and the blockchain!
On September 12th, Jamie Dimon of J. P. Morgan says "Bitcoin is a Fraud!"
BTC fell by 24% because of false fear!
"Bitcoin IS A Bubble," says George Soros on January 24th.
BTC fell by 44% because of false fear!
"Most Cryptocurrencies will crash to zero," was stated by Goldman Sachs on February 7th!
BTC fell by 27% due to false fear!
What do you think was happening during these times?
The very same people are buying BTC through their companies!
They were the largest investors in a Fund in Europe that purchased BTC...
WHAT!?!
Yes...
While the little guys were leaving the market because he is listening to what the institutional investors say, the guys they are listening too were buying what they were saying is crap!
The fact of the matter is that the big players know this game...
They will continue to play as long as enough of the little guys are running in fear!
Cryptocurrencies and Blockchain Tech is here to stay!
The following is an article from coindesk.com on the IMF's stance on crypto.
Christine Lagarde, managing director of the international monetary fund (IMF), has warned that central banks and financial services need to pay closer attention to cryptocurrencies.
Speaking to CNBC at the IMF's Annual Meetings in Washington D.C., Lagarde said:
"I think that we are about to see massive disruptions."
According to Lagarde, cryptocurrencies could play a future role in updating the IMF's own internal currency, a reserve asset named the Special Drawing Right (SDR).
She said: "What we will be looking into is how this currency, the Special Drawing Right, can actually use the technology to be more efficient and less costly."
The IMF has been exploring the potential of the technology for some time, taking a focus on both cross-border payments and the possibility of a central bank-backed cryptocurrency.
Further, as the fund's managing director, Lagarde has been a notable advocate of the technology.
Speaking at London conference last month, she said that cryptocurrencies may give traditional currencies a "run for their money," while back in June, Lagarde argued that distributed ledger tech (DLT) could be used as a means to combat financial fraud and funding of terrorism.
In her conversation with CNBC today, Lagarde spoke out against JPMorgan Chase head Jamie Dimon's heavy dismissal of bitcoin as a "fraud" last month and warned against miscategorizing the cryptocurrency sphere as speculative or fraudulent.
Lagarde advised: "It's a lot more than that as well."
Basically, what I am trying to get across to you is do the opposite of what the big guys say and you can reap massive rewards...
DON'T BE DUPED INTO SELLING IN FEAR!!!
IF you like this content please upvote and re-steam!
Thanks and I will be back with more on this subject in the near future!
NAMASTE' My Friends, Live long and Prosper!
Source: https://www.coindesk.com/massive-disruption-imfs-lagarde-says-cryptocurrencies-must-be-taken-seriously/
Source: Teeka Tiwari