Upcoming Collapse

24th June 2022, Friday

All the tokens are down now, NFTs down, the whole crypto market down, all our minds down who invested in crypto at a high price. It can be said, An entire Tesla company, valued at approximately 1,000 billion, has disappeared from the cryptocurrency world.

If you don't know how much USD worth crypto erased from crypto world in 2022 then this content is for you. It's more than 1 Trillion or 1,000 billion

An advice before starting:

If you think this is a good time to get into the world of cryptocurrency then you are definitely taking the wrong step. Because investing in cryptocurrency right now, that is, buying crypto with fiat is not a good decision at all. Because money is constantly disappearing from the market cap, which means that cryptocurrency is entering a darker world day by day.

Do you have any idea what could be the cause of the next crash in crypto space?

After $Luna crush, a kind of panic has started in cryptocurrency, everyone is worried that other cryptos will not be scammed like Luna. They are selling their asset before loss more.

BitcoinCash spce doesn't have as many whales as bitcoins, so they can't manipulate the price too much. Bitcoin, on the other hand, can't manipulate the price of a whale bitcoin too much, even though there are so many whales. The main reason is the exorbitant price of Bitcoin! However, when multiple whales start trading together, the price is somewhat manipulated. Cryptocurrency is always up and down because of the bitcoin trading of dozens of whales at once.

So it can be said that bitcoin or bitcoin cash cannot crash for a whale if that person is not Elon Musk or US President Joe Biden.

However, many whales in the cryptocurrency space ahead will not crash collectively, but one person will crash. And perhaps that person is the founder of Binance.

The founder of Binance is the only person who has controlled the finances of thousands of whales through his app Binance. Where thousands of whales are constantly trading billions of USD in their money cryptocurrency space.

Although Binance secures our money, they never provide a specific wallet that contains 12 seed phrases and with that seed phrase they have the ability to login to their Binance account in another wallet/app.

Suppose you wake up one morning and want to enter the Binance account with a mobile phone while brushing your teeth! But the same, your eyes went up to the forehead! Understood that the Binance account could not be accessed. You started checking Twitter, you couldn't find any account of the founder of Binance. After a while you realize that everyone like you is looking for Binance's existence. What will happen then? Binance fled with billions upon billions of USD.

I think it will create a tragedy in the world! Hundreds of people will lose their money and choose the path of suicide. Even if I lost so much money myself, I would have no choice but to die. So why put our own money at such risk?

Binance should be given the opportunity to create a specific wallet that will contain 12 seed phrases and we will be able to connect that wallet to different wallets. Opportunity that provides some more wallets including electron cash wallet, bitcoin.com wallet.

As a result, Binance will never have a chance to escape with anyone's money. Then the Binance platform will act as a fair and perfect exchanger app.

That's it for today, hopefully such a collapse will never happen in the cryptocurrency space. If that happened then maybe cryptocurrency would end.

Thank you.

Best regards :)