NOTE: This is NOT financial advice. It’s only my opinion. I am NOT a financial adviser.
There are a lot of negative headlines about crypto. Especially lately. There are good reasons for this. It is volatile. There are bad projects. People can lose money.
Mostly though, the negativity comes from ignorance. Crypto is unknown. And for most people, the unknown is scary. Frightened people aren’t typically wealthy. Fortune, as they say, favors the brave.
In general, people just aren’t very smart. They read headlines and believe them. Many of these news outlets are owned by old money. Sure, some “news” is true. Right now, the crypto market is “down”—but there’s a reason for this. Crypto is hitting the mainstream. And the bigger it gets, the more bad publicity it receives. Why? Because the old, traditional money is scared. This is a new asset class that over the years has gained traction. In short, crypto is screwing up traditional money’s plans to maintain control. Right now, many of them are rushing to get into this new asset class and so, they need to scare the regular investors—us, you and me—out.
Below is the Global Crypto Chart of Total Market Cap since 2013. Sure, the market is down, but look at the growth over the past few years and look at where we are and compare it to where we started. Don’t you think that people with money are starting to look at this chart and think, “Damn, I gotta get in.” And so, we get headlines and all sorts of negative information to keep us out of crypto.
Am I scared? Nope. But that’s because I invested only what I could afford. And I did the research. And I’ve been in this for going on five years. I’ve seen this negative news over and over and over again. Often, the same exact stories, printed year after year.
This is not to say I’m right. Everything could go to hell tomorrow—that’s life. However, the work in blockchain and crypto is not stopping. There are companies and countries working daily to address pain points in trade finance, supply chain, and healthcare with blockchain and cryptocurrency. Unfortunately, there ARE also shady assclowns taking advantage of people that are trying to get rich quick and that don’t do the necessary research prior to investing. So, be careful. Do your best to keep emotions out, good sense in, and always think long-term.
The progress will continue. Crypto is not going anywhere.
Athletes and mayors are being paid in crypto.
Global trade finance organizations like the ICC, TFDI and ITFA have embraced blockchain and cryptocurrency. In fact, Accelerated Payments and TradeTeq, the technology partner and hub of the TFDI, recently completed the world’s first trade finance-based NFT transaction using XinFin (XDC) Network. And you know what? Investors, banks, insurance companies and countries have noticed.
There are plenty of great, positive headlines about crypto, but mainstream media and the US government aren’t sharing them. Not yet. They, as usual, want to keep you a bit frightened so that you will be a good citizen, listen, and do as your told. Stay in debt. Pay those taxes. People in “power”—those that have old money and are part of the traditional way of the world—do not like crypto because it threatens their way of life. They will say it’s used for criminal activities. They will say it’s a Ponzi scheme. They will say crypto is worthless because it’s created out of nowhere. But these are the same people that are printing US Dollars every day—out of nowhere—and have helped us, as individuals and a country, get into debt and stay there.
Stay safe. Be mindful. Do the research. Crypto is here to stay.
If you haven’t already, take a look at the US Debt Clock? Who is it that’s running a Ponzi scheme?
~ @cryptokj2