800K Crypto Traders Liquidated

https://www.yahoo.com/finance/news/over-800-000-crypto-traders-180000565.html

This is an old fashion shake down. The elites, in the form of institutional investors and governments are spreading FUD in order to swoop in at the dip and purchase coin. This is likely coordinated and intentional. They missed out on the early days of crypto and are now bitter for having missed out on the gains. They have the resources and influence to recoup their missed opportunity.

These 30-50 percent corrections are normal in the crypto space. These moments will be leveraged to consolidate power and coin in the hands of fewer and fewer. With each major correction more and more retail investors will be pushed out of the market. Prices will continue to increase. The old moneyed interest in this country will not give up without a fight and just cede financial supremacy to a bunch of young upstarts on the internet. They worked for decades to build financial empires and will work to grab onto as much power in the crypto space as they can. The irony is that the trend will be for many decentralized cyrptocurrencies to be controlled by a centralized cabal of whales and power brokers.

One must hodl. The coin is more important than its current price.