Cryptocurrency Is The Resistance
One side is the people and on the other side is the people in power. People want a different independent mode of payment system independent of fiat prices while the government and big people want to keep the system as it is! Crypto in today's era is a resistance though the Blockchain technology isn't because so far it has benefits and great use-cases only and many big names and governments are working on shadows to adopt it in their system. But for Crypto, many aren't. Because they know the world is mostly run by the money which the big figures have and if Crypto enters there's a high chance the route and system of money flow will be changed but as of now big figures are using Crypto to their fullest, prime example is the coordinated whale price game.
Always remember the things, the inventions aren't bad it's the people. People always have the way and mind to corrupt it and use it negatively. Even with a better life use case of some Cryptocurrencies they are still seen and promoted as gambling. It's gambling until people use it worldwide for the reason what it's created for. Like if Bitcoin Cash is used worldwide as P2P cash then the price wouldn't have volatility like this.
Everyone is jumping to stop this resistance, The Crypto, after the FTX collapse. As if the news channels, newspapers, famous writers, and bloggers got the extra sense of understanding about Crypto and I am seeing them promoting how disastrous Crypto is and how it's ending! Mostly the writers, who write for newspapers have made tons of big articles and printed it. They aren't talking about anything good just the negatives. This shows how much people see Crypto as resistance. As crypto's main theme is decentralization taking power from the big figures and distributing it to other people.
My Thoughts Over Current Cryptocurrency Situations
As of now, Crypto is a gamble because so far the actual use of Cryptocurrency hasn't taken place on top of this economic crisis. So till then it is manipulable by the whales. But if we compare the Bitcoin halving cycle and the 4year Bitcoin cycle we will understand, how Crypto moves, and when and why Bull and Bear Run happens, only thing is one can't calculate or predict the exact numbers.
As the bear run started, I also thought this is so sick. It's a scam how can something can get devalued this much but seeing the previous decades' chart, one can see the pattern. It's not ditto same but it's close. It's how Cryptocurrencies has moved so far. Surely with proper adoption and usage we can change it.
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Final Thoughts
The battle of Crypto with the government and banks will be a long one and the truth is they can't stop it. People will just need to realize this isn't something on which you can primarily rely as of now, be it may investment, earning because this is a different system while the place you live has a different system which I am sure not much supports it. Crypto will take time to fit into real world system.
Like how Bitcoin Cash is doing. Prime example was how a programmer spent 69 days in Bitcoin Cash city a city in Townsville at Australia. He used Bitcoin Cash as a money there. Paid using Bitcoin Cash for all the expenditures.
So it will take time for Crypto to be a reliable source of investment.
The long term holders seems fine with this dump just they didn't expect this type of Central Exchanges Collapse and dragging the whole market to such low level.
Some see Crypto as an investment, some see it as an earning, some see it as a cash. It's people's choice. But they are far more than that which I even don't know.
Note:- Not an expert and all words are my thoughts feel free to give your thoughts over them.
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in our place there is a merchants that accepting mode of payment using the BCH even the price was always change still they accept, the reason is that the owner are know that benefits of using the bch and spreading awareness as well