The crypto scene cries, all profits of the last days and weeks pulverize in seconds. Bitcoin bangs down 14, Ethereum lubricates 21 down, XRP just under 24 and our darling IOTA loses 26. Doomsday for many private investors. The coronavirus does not stop at many of the coins.
Is fear justified?
Since I like to move on Twitter to get information quickly, today was extremely stressful. Red Wednesday weighs on everyone. I know that today is paved with great losses. The coronavirus was celebrated in the Crypto scene only a few days ago because it was considered a safe investment, now panic is also being pushed. You can’t buy the good instant noodles and canned food for the bunker with BTC,ETH and XRP and if you do, then only with nice high fees, expensive network salutes.
But like everything else, everything is pulled by the hair, the coins smear off, because people listen to the wrong investors and consequences and after the disaster comes out again the sun comes out, all those who have suddenly made panic sales will regret it and the ones who hold the will flourish and roar more strongly. Who benefits from the whole thing, one has to ask. The smartest thing now, as always, is to keep your feet still, wait and drink tea.
At the moment, the panic is rampant, and wrongly in my opinion.
IOTA and the great panic about the robbery of the month
Those who hold the mega, ultra, hyper good currency IOTA will also have looked into the tube the last few days. IoTA holders were robbed. Help, panic, sell, sell, sell. Big headlines immediately delivered the big news pages and for IOTA opponents was the found food.
10 million have been stolen, is it bad? No, everything is refunded, the network was stopped, Europol was switched on and now everything is back in butter. But people wouldn’t be humans if only that were going to make good waves, so there are big words from any would-be investors with several thousand followers spreading the wrong and bad news about it. Mostly they are people from other crypto camps.
But let’s remember: 41 million BTC stolen, 2.44 million ETH, 10 million XRP,and so on and so forth, everything stolen. Stock exchanges have been hacked several times, and several times people have fallen for scams, be it coins or websites that offer something. How was it treated then? Have the victims ever seen anything? Was international authorities alerted and the gangsters searched? Did anyone itch that it wasn’t like that and that everyone ran out of money? No, after all, we are talking about bitcoin here, if you have idols besides THE God, Bitcoin would be the first idol.
So why is it itching so much that IOTA has been robbed by people’s apparent stupidity? Why is the BTC faction and the BTC maximum sites so upset that IOTA has done everything right and the damage has been reduced to the maximum?
I suffer from the sheer amount of stupid information that is currently on Twitter and especially on news sites. Nobody is a lens, everyone wants to make a name for themselves, image level makes you salute. And the good news is going down as usual.