Steem reached a new All Time Low today, $0.04447, this is catastrophic, a really unthought-of downfall. Of course every single crypto token is facing the same fate at this moment. Just think of it, Bitcoin is below $65,000.00, after reaching $126,000.00, sounds incredibly bad. Plus the market cap which breached 3 Trillion USD is now at 2.23 Trillion dollars. I bet no one saw this coming. Well at least no one if this dump is not artificial.
I see a lot of people writing about how they knew this would happen and how they warned everyone not to put money in something that was just backed by nothing. I think this people are actually evil, they are hoping Crypto fails so what they predicted will come true and they will be able to brag about it. The fact that many people will probably lose everything means nothing to them, I bet they even think it serves these people right for investing in a fool's idea.
And this time they might be right, I actually see no reason why Crypto should rebound, the World's economy is in a mess, and every financial entity is having problems. I am betting a lot of people are selling all their crypto , mostly at a loss for fear of losing all. I guess in the end a lot of people will become millionaires because of this, buy when it is low. Now how low it will go is unpredictable, I am sure it will go lower than where it is at right now.
But I am sure that at some point, I am betting this year, things will turn around, after the financial world straightens itself, and we will have a new kind of financial system, what kind I have no idea but different. Crypto I think will play a part in this, so there will be a comeback.
As a side note, I hardly ever guess right so do not think what I predict has any validity, besides I can talk without any fear or attempt to be correct as I actually own very little crypto. At the moment all I have is Steem, which is worth very little, Blurt which is worth way less and also I bought 121.00 worth of mantle MNT with the Tron I had. that 121,00 USD is right now at $64,00, so frankly any ideas or predictions I give are most probably wrong,
I am doom writing mainly because we are having terrible weather in Honduras, all I can write about my daily life is rain, cold and getting wet.