Often times in the world of crypto, it's events that involve high volatility, that can make one grow nervous about their financial convictions. For crypto veterans like myself and many others this is simply another almost boring crypto shake out, here to shake loose weak hands, in offer bargain prices for diamond holders. But it occurs to me that for some lacking true conviction, it is necessary to often point to many other reasons why many of us left the traditional marketspace, in search for greener pastures in the first place. So, in this video I will go over an article I read called “China’s Nightmare Evergrande Scenario Is an Uncontrolled Crash” and I will be giving you my opinion on what I think this means for EOS and crypto in general, OK now let's get started.
Admiringly I have been following the Evergrande issue and how its impact pursued on Chinese and global market, also on crypto markets as extension. People are in extreme fear, and this situation even made Bitcoin to collapse indirectly.
I don't get the point why my capital goes down due to an estate crisis in China. Well, I get that it has the domino effect, but what do I have to do with estates in China?
I believe in the same way you do. Crypto and blockchain technology are still toddlers, they get effected by even small contacts, but when they become solemn in future then the situation will be vice versa. It is almost certain programmable crypto will put a stop to situations like this by creating their own free and unique governance, although in some extend.
Big companies fuck up and the government bails them out to avoid further damage... The little guy fucks up and he's on his own. This needs to change, and hopefully crypto can help do that.
Yes, we are still at the beginning of the road. Are we going to give up on negative news and go? I don't think so. Although it affects us and crypto badly, there is a fact that the reaction of Bitcoin and crypto to previous adversities is getting stronger day by day. The right decisions we make now (like believing in crypto) will return positively to us in the future. Those who believe and persevere always win.
Great breakdown of the traditional world's manipulation of the financial system. I really wonder about the outcome of the removal of the controls the traditional system possesses of everything.
We have no business with those who do not believe in BTC, we are enough for us
I think crises and their causes are ideal for understanding some things. And it explains why we should own bitcoin.
We're going through an unfortunate time right now. The news is very influential. In particular, EOS could not provide resistance as before.
But I think it will come to good places. He may have to try a different system.
Thanks for the article.
Have a nice day.
Another great blog and video! Thanks Apologist!
Admiringly I have been following the Evergrande issue and how its impact pursued on Chinese and global market, also on crypto markets as extension. People are in extreme fear, and this situation even made Bitcoin to collapse indirectly.
I don't get the point why my capital goes down due to an estate crisis in China. Well, I get that it has the domino effect, but what do I have to do with estates in China?
I believe in the same way you do. Crypto and blockchain technology are still toddlers, they get effected by even small contacts, but when they become solemn in future then the situation will be vice versa. It is almost certain programmable crypto will put a stop to situations like this by creating their own free and unique governance, although in some extend.
Big companies fuck up and the government bails them out to avoid further damage... The little guy fucks up and he's on his own. This needs to change, and hopefully crypto can help do that.
Yes, we are still at the beginning of the road. Are we going to give up on negative news and go? I don't think so. Although it affects us and crypto badly, there is a fact that the reaction of Bitcoin and crypto to previous adversities is getting stronger day by day. The right decisions we make now (like believing in crypto) will return positively to us in the future. Those who believe and persevere always win.
Thanks for the article my favorite Bot!
Great breakdown of the traditional world's manipulation of the financial system. I really wonder about the outcome of the removal of the controls the traditional system possesses of everything.