The Rich Vs The Poor In The Crypto Market Space

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3 years ago

Today we are going to talk about how the rich is wasting all the resources of this life and the poor is getting deeper and deeper into poverty.

For example now we can see in the crypto space Elon musk is visibly alternating the normal trend and movement of the market. He speaks about coins and then the coin instantly booms. After a while he takes out his profit and those that were not too vigilant or smart enough and all ends up in losses.

A picture of how Elon musk uses his tweets to manipulate the crypto market and products

The major thing he focuses on is Defi. After the pump the coin crashes massively to the mud. This is this is really unfair to the poor people that are just trying to make a living using the crypto space. Elon musk basically uses people to make himself richer are probably attain a higher leverage as the richest man of the world or close to the top three richest men in the world.

Picture of a coin manipulated by Elon musk in the month of October, 2021

Apart from Elon musk different people are still out there using people to make money, scamming people of their hard earned money and creating scam tokens just to pump it and dump it. All we see is that the poor keeps getting poorer and the rich keeps getting richer.

Binance is another topic of today, as the day goes by they keep on increasing the withdrawal limit of different coins, different valuable needed coins. All I see is that the poor are no longer able to remove their money from binance because the money is not enough to meet up with withdrawal limit requirements. Crypto is meant to be a general space for everyone to be able to earn and make a living. Crypto is the future, if the poor cannot access the future what will be of them when we actually upgrade into that version of life.

Picture of the minimum withdrawable amount of Solana from binance
Picture showing the value of the minimum withdrawable Solana. This is just an example, there are other coins that are way worse.

If we try to talk to CZ now he's going to say they are the needed stuff for the binance to run very smoothly. What kind of life is this when those in power are not willing to help rather they they make excuses and say they cannot help or say there is nothing they can do about it.

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This is how the world work. In crypto in real life everywhere.

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3 years ago

Yeah it's really painful though

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3 years ago