06-17-2022, 12:59 PM
Media seems to hyper-fixate on crypto currency crash, even though the entire market
<!-- SC_OFF --><div class="md"><p>I’m seeing more and more people spread FUD and hate on “crypto bros” and calling crypto a pyramid scheme even though that doesn’t even make any sense because no one ever officially promised any return. Crypto is a volatile asset so it seems obvious to me that in this environment (recession) that it would crash hard like everything else, I mean why wouldn’t it? A lot of corporations and average people are selling off their crypto in order to pay for the ridiculous price hikes of food gas and inflation. That doesn’t make crypto currency a pyramid scheme it just means people are broke and need cash. I still have zero doubts in my long term investments wether they are down or up, the fundamentals of the technology are the same and WILL be massively adopted in the future, within several market sectors. I feel like a lot of people that are mad and talking shit have never made any money in crypto and missed out while their friends profited, they love to come out of the woodworks the moment it’s down but never talk shit when it’s up.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/infinitetekk"> /u/infinitetekk </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ve04as/media_seems_to_hyperfixate_on_crypto_currency/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ve04as/media_seems_to_hyperfixate_on_crypto_currency/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>I’m seeing more and more people spread FUD and hate on “crypto bros” and calling crypto a pyramid scheme even though that doesn’t even make any sense because no one ever officially promised any return. Crypto is a volatile asset so it seems obvious to me that in this environment (recession) that it would crash hard like everything else, I mean why wouldn’t it? A lot of corporations and average people are selling off their crypto in order to pay for the ridiculous price hikes of food gas and inflation. That doesn’t make crypto currency a pyramid scheme it just means people are broke and need cash. I still have zero doubts in my long term investments wether they are down or up, the fundamentals of the technology are the same and WILL be massively adopted in the future, within several market sectors. I feel like a lot of people that are mad and talking shit have never made any money in crypto and missed out while their friends profited, they love to come out of the woodworks the moment it’s down but never talk shit when it’s up.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/infinitetekk"> /u/infinitetekk </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ve04as/media_seems_to_hyperfixate_on_crypto_currency/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ve04as/media_seems_to_hyperfixate_on_crypto_currency/">[comments]</a></span>