Throughout history, humanity has been forced to struggle against difficult periods. The world can be in difficult and troubled days except it is a good day during life. We have to be very strong to deal with such times. When we look at the last century, humanity had to struggle against the bad days in the existing system. In economic language, we have called these bad days the financial crisis. The most important common feature of these days is the increase in the pessimistic feeling intensity seen in the majority of people. When I observed the pessimistic feelings that have increased in the last days, I remembered the past financial crisis in my mind. I ask myself the same question that can we meet again for a similar period.
But I also have another question in my mind. Can we have a chance of salvation this time when will come bad days? How the concept of cryptocurrency contributes to us? And I think the most important thing is that being a community is more important than anything else? In this article, I wanted to share my thoughts with you. Let's examine together.
Bad days in the past
Have a great pessimism around the world. You even remembered the cover of Economist magazine about 2019 year. Many people talk about signs of a major crisis. It is said that this crisis will be a bigger crisis than the 2009 crisis. Many pessimist economists or businessman say that Coming crisis can be as 1929 crisis. So what happened in 1929 and beyond?
Maybe you may have seen this photo somewhere before. It was a photograph that became a symbol of bad events about the 1929 crisis. In the photo, a sad situation of a mother and two children is remarkable. The photograph may not be clearly understood, but the family has become homeless after the crisis and continue to spend their lives in a tent. There have been many such events that year. Many people had to work under inhumane conditions just to get bread. The crisis took about 4 years, but the effects and the events are still remembered more sadly. But what were the factors that triggered such a major crisis?
To be ballooning in asset prices
Big investors (whales) withdraw their money from the market immediately before the crisis
Banks announced as a holiday and people could not reach their money for about 2 weeks.
There are other reasons, but I have mentioned three of the most important things that attracted my attention. I think the most dangerous one here is a bank holiday. At that time, people could not reach their money for a while in such a situation. This has caused people to have a very difficult life. What we do if the same situation is happening nowadays? The other important question is that can cryptocurrencies help us?
The importance of being a community
Cryptocurrencies came out as a destructive technology against the current financial system. With this new financial system, money means that instead of collecting in a certain center, the system will be distributed to everyone who is in the system as it deserves. With Cryptocurrencies, we can now create our own value and produce our own money. This is a very important power for us. But I think that the main strength is being a community. If you have a strong community;
People in the community help each other in the worst moments.
With the common cryptocurrency created there is the possibility to trade within the community.
Each individual can serve a common purpose for the development of the community.
Everyone demonstrates their abilities and benefits for the community.
The cryptocurrencies we use without being condemned to the outside system are important to our freedom. But if you're aware, it's not enough. Let's not forget that what is important here is the power of the community and we know the value of our community :)
✍ This article was written by @cryptoewp and @flamingirl.
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