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Litecoin: Laf7CmQrfdFTg8KqphWiGr11txfqRLxjMw
Ethereum: 0xd8087f49790fcd41e3bbc90d31dbd66e878841e6
Bitcoins correcting with the alts....Whats next? most likely the spiral of doom! It has been prophesied!
How could people think they were going to get rich quick so much foolishness....It takes years for markets to move like they did... After being in crypto for 3 years, I can tell you, people just like to follow trends, thats why they buy crypto. They just want to conform to the masses for social acceptance. Cryptocurrency is an interesting topic and is something everyone can be passionate about. The problem is, its also something people can be greedy with... People dont hesitate to gamble their own wealth in the hope for security but they dont see the beauty in giving to the homeless and the true security that provides. 19 “Do not store up for yourselves treasures on earth, where moths and vermin destroy, and where thieves break in and steal. 20 But store up for yourselves treasures in heaven, where moths and vermin do not destroy, and where thieves do not break in and steal. 21 For where your treasure is, there your heart will be also."... Do you know what that means??
The wealth you give to others is the wealth that can never be taken from you for it was bestowed upon others through the grace of the heart. How does this apply to prediction markets? Well ask yourself.. When you trade do you always look to make a fair trade or sell at the top and watch someone else ride the wave down? I wouldnt say its a bad thing to sell at the top. Thats the whole purpose of a "public market place".... It puts aside negotiation and rather the crowd decides its price. What if its overpriced then?
Its like this... Or I should say its like a "club" when people buy into a crypto they buy into a community or "club". Some outsiders come across the community and want to join. The more people that join the higher the cost it is to buy in. 1. because the demand is increasing and 2. because people value more then they previously did....This is when greed comes in. A poor wonderer stumbles across this "crypto community" and wants to buy into the club but its significantly over priced. In the want to get rich quick and be apart of the social organization the "poor wanderer" buys into the club. Just when a community becomes to full of "poor wanderers" thats when the smart money exits because it sees people are buying into the community just for the social benefits rather then the financial benefits. What next? Well the greedy stay in and they continue to produce wealth off the small fry selling them a whole boat load of jibberish.
So the greedy dudes continue to sell spots into their so called "club"... Then what happens? They run out of poor wonderers to sell to!... "Hmmm well we will lower the prices then make them rise again that should interest people.".....Some of the members of the club wait for prices to rise then they realize its probably their best bet to exit to as it cant go on forever...Then...all of sudden everyone in the "club" starts to panic because its full of the same community of "poor wanderers" they began with and they only received a social benefit for being a part of the club and did and earn profits for their participation... This is how the Bitcoin bubble ate billions from the economy and will help contribute to one of the largest financial collapses we have ever seen. I am 100% pro cryptocurrency. But im not going to advise people to "hodl" or buy the dip because in reality they are just grabbing onto a falling knife. Sad to see.... People need a reality check however, sometimes taking a hit to the pockets is the only thing that will wake them up. Bitcoin to $3500.... We shall see?