Crypto Market Mayhem: Excruciating Pain

Aaaand its gone. Crypto is Dead. Again.

What happened? Who crashed the market and why?

Is it the European leaders trying to push their authoritarian agenda of the digital euro?

Is it the FED that plans to increases rates many times in 2022 to curb inflation?

Is it Putin again that seem to be lately the main excuse other governments find for the lack of managing their economies?

Was high inflation not what BTC was a hedge to? How can Bitcoin Cash profit from this?

We can all find pros in high inflation and governments inaction but BTC was never a hedge to geopolitical events or inflation.

Upon agreement, gold is something like that, but do we need gold? Some think we do, and Austrians advocate the gold standard. Yet, this is not the same with cryptocurrencies.

Crypto did not exist in the logic of Austrians and Keynesians.

What existed was fiat money, backed by a government, and money backed by gold. And both these, operated by a government.

Ask any Austrian or Keynesian today, if they had to put all their fiat or gold backed money in one cryptocurrency and use this as a money, what would that be. BTC or Bitcoin Cash?

Who would ever accept BTC? This shit is not working. And Lightning? It needs a masters degree in philosophy to understand how to use this fabrication properly.

Nobody would prefer BTC to Bitcoin Cash. Why this happens today to have so much of a difference? It is the failure of all cryptocurrencies to become accepted.

Adoption and use of cryptocurrency is not matching the interest for investments and opportunistic reasons, the profit from the wild price increase is what attracted all these people in cryptocurrency every time.

We find minimum acceptance and a tribal crypto community not engaging with developments but stuck in the same old stories of agreeing with BTC maximalists to get a bone like a good dog and ignoring the Bitcoin Cash efforts for adoption in the real market.

It feels the market is so bad as the stock market, glorifying mediocre projects while just a few people are in charge like CZ at binance who can change the fate of a cryptocurrency.

Today, with Bitcoin Cash at $240 as I am writing this post, I buy more and I also found a few more crypto that I was eyeing for a while at a better price. But still I have to put everything in Bitcoin Cash because of the unjust market valuation of this coin.