It Looks Like the Purge is Here; Cryptocurrency can Only Thrive if it Crashes

This is always an important part of the growth process

The story of how I got into crypto investing might be an unusual one. Frankly, it’s kind of a blur for me. My life is a dynamic mosaic of meditation, spirituality, mental health, and cycles of death and rebirth which will play into my story of why the current crypto crash is not only important for our long term success but necessary. I’m honestly still a noob in the crypto world and not an expert but I offer my perspective as an expert in human behavior and perspective from someone that really believes in crypto without burying you in confusing jargon. And while the current crash creates more than a wee bit of anxiety, I really believe that we are seeing a purge that is necessary for the investments to really pay off big time in the long run.

Getting rid of the rubish

I woke up this morning to glance at reddit to find a crypto crash “mega-thread” that was less than an hour old and thousands of comments deep. I didn’t even look at my portfolio. What’s the point? Listening to fear is never helpful in any situation so I may as well just sip my coffee and enjoy a good read before I scoot off to work later to help people talk through their problems. I really believe that my work as a mental health counselor helps to give me greater insights into human behavior in general which plays into literally everything. I’m always confused, by the way, why there aren’t more people that factor in human behavior into literally everything else that they do or involve themselves in.

There’s still a lot of stigma around cryptocurrencies and there are still tons and tons of people that see it as a get rich scheme. And while it is true that bitcoin has been used for some nefarious transactions, the exact same thing could be said for the US dollar. The US dollar has probably been used in more nefarious transactions than all other types of money combined. Don’t quote me on that, by the way, I don’t have any actual data, I just figure this is one of those statements that we can all agree on. I believe that a lot of these stigmas have been fueling the rise and fall of not only bogus cryptocurrencies but flaky investors. We’re better off without them but purging them is an ugly process.

I believe that the current crypto market resembles the 90’s dot com boom where websites were selling on the stock market for massive amounts without any real infrastructure to make any actual money and many cryptos are similar. Pets.com was one of those websites that did well on the stock market in the 90’s but investors lost a lot of money. The website just couldn’t make any money. Wouldn’t you kill though to be able to go back to that time and put just a few bucks into Amazon stock?

Apaprently some of these cryptos make big promises but just can’t hold up to what cryptos are supposed to be and so I believe it’s possible and likely that we are starting a big purge of junk cryptos as well as bogus investors and I really believe once they’ve been dumped and purged, the market will thrive and the serious investors will see the fruits of the seeds that they planted and patiently cultivated.

This is all part of the growing process

If we zoom out and take a look at the bigger picture then I think that we will see a massive shift in our culture and society. Here in the US, our day-to-day life is drastically different than it was five years ago. Our faith in the system is dying and crumbling extremely fast, old ways are dying and falling apart. At the time of writing this, 60 minutes has just aired a piece about UFO’s in which the US military was essentially admitting that they are real. Barrack Obama even just admitted they are real too. People, what is going on?

Cryptocurrencies have been taking off for some reason. People are getting on the wagon right now, it’s trending. Even my own story about becoming a serious investor is an odd one. More and more people have been buying in and taking them seriously. Billionaires like Elon Musk and Mark Cuban are driving attention to them but their still not being taken that seriously and I don’t believe that they truly will be taken seriously until the rubbish has been taken out.

Even as I type this, I’m sure that flaky buyers are panic selling their crypto coins and so everything is in the red. They are causing the whole thing to tank. They are cutting their losses because there’s probably a lot of them that put more money into more than they could afford to lose or were willing to. As a result, all of our portfolios are looking a lot grimmer.

I say good riddance. I say this is an important and necessary part of the process for crypto to break new records and meet it’s eventual goals and aspirations. It’s sort of like how new, healthy trees and thriving forest appears after a major fire. We have to get rid of the disease before we can be really healthy. I believe that the current crypto market is dying and the Amazons of the crytpo market will bring wealth for those who patiently invest and wait. I believe that cryptocurrencies have the potential to change the world as a whole. They have the potential to start spreading power by spreading access to wealth but we are going to have to take out the garbage first.

Crypto for the win

As best as I can tell, there are millions across the globe that are in it for the long haul. They are in it to win not just because they seek wealth but because they believe that crypto will change the world for the better but that obviously means time and patience.

Let the panic sellers cut their losses and run. Good riddance. Cryptocurrencies will thrive with the help of quality investors. The sooner we can dump them from the market the sooner we can dump junk cryptos and the sooner the real market will gain respect and dependability. People across the world will need to be able to rely on legit cryptos and so we should allow death to happen to what needs to die.

Happy investing friends, here’s to the future.