WHAT IF THEY CRASH THE CRYPTO MARKETS?

[HAL1000]

THEY, refers to the establishment, THE MAN, THE SYSTEM etc,

Treasury Secretary Janet Yellen and her buddies have been trying to kill crypto for a long time, so they might be using this new attack vector i.e., going after stablecoins to kill it. Everyone knows USDT is a scam, but USDT have managed to pull off this scam for a hell of a long time, but then again, so did Bernie Madoff, so it's a serious issue and if Yellen and her buddies get their way, then it could be the POP to end all POP's in the crypto space.

THEY are losing control, so all the FUD around stablecoins and LUNA + the timing of their speeches etc, makes me think the establishment has woken up and THEY have decided to do something about this new enemy.

THEY want to control it, own it and regulate it and if that means burning down the house with US in it, then THEY will and THEY won't care. THEY will do it and then build it back THEIR way... scary times if you live in the house.

I was thinking, if THEY pop USDT and other stable coins etc, before there is an ALT season, then WE will all get rekt, before we can exit with major profit! Imagine if THEY do this and XRP sinks to under 10 cents, along with other cryptos crashing etc, THEY buy up all the cryptos THEY know THEY will be using to rebuild the global financial system and laugh all the way to the bank....

If this transpires, and it takes years for the crypto markets to recover and XRP does not have a flip the switch moment for some time and the court case gets appealed or delayed in some way... then what.

I'm just floating this, so do any of you, think this is just a crazy bunch of thoughts or a real possibility... feedback wanted and appreciated, thanks in advance.

Edited May 12, 2022 by HAL1000

[woodman_73]

I think your analysis is as possible as anything. I mean who really knows outside of a few truly powerful? The black swan after black swan events in the last two years is truly unreal. I hope XRP does come through as its utility and dex seem to be the best out there, but government having any control will just enslave us all, my two short cents 

[Pterolycus]

Ultimately it's a high risk investment just like anything else in this space. Just like anything that has a chance of high returns with little input. If the risk was low and XRP was a sure bet, everybody would be doing it (and it would probably not have significant upside potential.) We can only make the decisions we think are most wise with the available information and stick to our convictions. I'd rather go down with the ship based on my own assertive action and gut instinct than regret not making moves and sitting on the sidelines watching others win/lose. You never know until you try. 

[HAL1000]

27 minutes ago, Pterolycus said:

Ultimately it's a high risk investment just like anything else in this space. Just like anything that has a chance of high returns with little input. If the risk was low and XRP was a sure bet, everybody would be doing it (and it would probably not have significant upside potential.) We can only make the decisions we think are most wise with the available information and stick to our convictions. I'd rather go down with the ship based on my own assertive action and gut instinct than regret not making moves and sitting on the sidelines watching others win/lose. You never know until you try. 

I am invested, I know the risks, I'm a gold member here for a reason, this scenario has only just come to light in some ways, because of Yellen's recent announcements and the collapse of Luna. Is this part of an orchestrated attack on crypto, by THEM?

I do believe XRP will be part of the NEW financial system, but will THEY try wiping us out in the way described (which would shake out most retail holders), before THEY flip the switch, that's the basis for this thread.

[woodman_73]

I am with you Hal, either we will right the ship, or going down with it. not selling or going sailing lol 

[Julian_Williams]

95% of the XRPecosystem is happening outside the US and ODL is growing x8 annually.

All the testing and many of the pilot schemes have been completed

Nothing is going to stop XRP now.  In fact this Luna debacle might teach people to be a little more circumspect in their investments, which would benefit XRP.

[Pterolycus]

1 hour ago, HAL1000 said:

I am invested, I know the risks, I'm a gold member here for a reason, this scenario has only just come to light in some ways, because of Yellen's recent announcements and the collapse of Luna. Is this part of an orchestrated attack on crypto, by THEM?

I do believe XRP will be part of the NEW financial system, but will THEY try wiping us out in the way described (which would shake out most retail holders), before THEY flip the switch, that's the basis for this thread.

Understood, have lurked and appreciated your news posts and analysis for a while. I am tracking right along with you. I think there is massive risk that antagonistic and powerful forces will continue to intervene to the detriment of all mankind in ways that are manifold beyond crypto and even finance. However, ultimately who will prevail is not known and THEY can lose the gamble just as easily as we can, or maybe we both win/lose. Personally I entered crypto to hedge my bets with the foreknowledge that we were headed off a cliff and I needed to diversify into a potential future winner. I hope XRP is it for my own gain, but at the same time... I'm quite certain that whichever way the digitization of everything goes, it won't be a net positive for the world. 

Edited May 12, 2022 by Pterolycus

[HAL1000]

1 hour ago, Julian_Williams said:

95% of the XRPecosystem is happening outside the US and ODL is growing x8 annually.

All the testing and many of the pilot schemes have been completed

Nothing is going to stop XRP now.  In fact this Luna debacle might teach people to be a little more circumspect in their investments, which would benefit XRP.

I fully get that, I just hope retail investors, especially long term holders can get out with some profit, rather than be potentially rekt. Yellen seems to want something done by XMAS, I just hope ALT season comes, before rather than after some prolonged bear market and an engineered crash. Like I said, I'm just pursuing a line of thought.

The rest of the world is getting plumbed in and WE all just hope, it gets switched on and used the way we think it will, sooner rather than later.

[Julian_Williams]

11 minutes ago, HAL1000 said:

I fully get that, I just hope retail investors, especially long term holders can get out with some profit, rather than be potentially rekt. Yellen seems to want something done by XMAS, I just hope ALT season comes, before rather than after some prolonged bear market and an engineered crash. Like I said, I'm just pursuing a line of thought.

The rest of the world is getting plumbed in and WE all just hope, it gets switched on and used the way we think it will, sooner rather than later.

x8 next year, x8 the year after - that would be 64 times more utility.  And on top of that utility generated by the Court settlement.  XRP utility is ramping up very fast.

Long term holders of XRP that hold their nerve will be fine in my opinion.  

It is boring waiting, especially when you are my age, but I have the patience.

[at3n]

I think when there are underlying problems like with USDT and UST, then they are partly to blame for any crash caused by their downfall. A government might jump on the opportunity to pull the trigger, but I think the gun was loaded already... The longer a dodgy project goes on, and especially when it's as influential as Tether, the worse the crash will be when it finally collapses. It astounds me how willing people are to continue to let USDT grow when Tether's past behaviour has been so underhanded. If Tether does get taken out, then yeah it'll be a massive pop, and I think it's an obvious target for "THEY". In a way, they'd be mad not to target it, if they want to take out crypto generally.

For UST, it seems like it just wasn't robust enough, which is unfortunate, but I think we don't want to prop up crypto on the backs of unstable stablecoins.

3 hours ago, HAL1000 said:

THEY want to control it, own it and regulate it and if that means burning down the house with US in it

Yep, no doubt, but I think we're making ourselves easy targets because of the above. The crowd is too greedy and ignores the red flags as long as they get short-term profit, and that's not sustainable. Governmental overreach should be pushed back against, but I don't think we're in a particularly good position to do so, because how can someone legitimately stand up and defend Tether's past and probably present actions?

3 hours ago, HAL1000 said:

I was thinking, if THEY pop USDT and other stable coins etc, before there is an ALT season, then WE will all get rekt, before we can exit with major profit!

Yeah, but that's short-term thinking, right? Seasons come and go. Short-term in crypto has always been a gamble. I'd prefer if people could consider long-term, but to each their own.

 

I'd be as frustrated as anyone for XRP to lose 90% again, we've all been waiting long enough. But I think it would recover, unless the only reason for the higher prices in the first place was an external factor such as a fraudulent stablecoin. And if that's the case, then maybe we don't really deserve the high prices... 

 

To address your question though, despite the above, I don't think the US government will be able to destroy the crypto we know, because their jurisdiction is limited. But I could see them dragging the price down for a while.

[Julian_Williams]

1 hour ago, Pterolycus said:

Understood, have lurked and appreciated your news posts and analysis for a while. I am tracking right along with you. I think there is massive risk that antagonistic and powerful forces will continue to intervene to the detriment of all mankind in ways that are manifold beyond crypto and even finance. However, ultimately who will prevail is not known and THEY can lose the gamble just as easily as we can, or maybe we both win/lose. Personally I entered crypto to hedge my bets with the foreknowledge that we were headed off a cliff and I needed to diversify into a potential future winner. I hope XRP is it for my own gain, but at the same time... I'm quite certain that whichever way the digitization of everything goes, it won't be a net positive for the world. 

Agreed that there will be big gainers and big losers, like came out of the birth of the internet.

The combination of Ripplenet, ODL, XRPL and the Liquidity hub with its patents is not going to be beaten.  People seem to think the rest of crypto is catching up with Ripple, they are not.  Lots and lots of excellent projects might be better investments, but Ripple/XRP will be a mega star in the roll out of the internet of value because it is too well connected, tested, established to be overtaken in the medium term future.

[Julian_Williams]

6 minutes ago, at3n said:

I think when there are underlying problems like with USDT and UST, then they are partly to blame for any crash caused by their downfall. A government might jump on the opportunity to pull the trigger, but I think the gun was loaded already... The longer a dodgy project goes on, and especially when it's as influential as Tether, the worse the crash will be when it finally collapses. It astounds me how willing people are to continue to let USDT grow when Tether's past behaviour has been so underhanded. If Tether does get taken out, then yeah it'll be a massive pop, and I think it's an obvious target for "THEY". In a way, they'd be mad not to target it, if they want to take out crypto generally.

For UST, it seems like it just wasn't robust enough, which is unfortunate, but I think we don't want to prop up crypto on the backs of unstable stablecoins.

Yep, no doubt, but I think we're making ourselves easy targets because of the above. The crowd is too greedy and ignores the red flags as long as they get short-term profit, and that's not sustainable. Governmental overreach should be pushed back against, but I don't think we're in a particularly good position to do so, because how can someone legitimately stand up and defend Tether's past and probably present actions?

Yeah, but that's short-term thinking, right? Seasons come and go. Short-term in crypto has always been a gamble. I'd prefer if people could consider long-term, but to each their own.

 

I'd be as frustrated as anyone for XRP to lose 90% again, we've all been waiting long enough. But I think it would recover, unless the only reason for the higher prices in the first place was an external factor such as a fraudulent stablecoin. And if that's the case, then maybe we don't really deserve the high prices... 

 

To address your question though, despite the above, I don't think the US government will be able to destroy the crypto we know, because their jurisdiction is limited. But I could see them dragging the price down for a while.

Excellent points.  My personal view is that there is a big divide in crypto between "legacy crypto" (Which I would class as BTC/ETH PoW) and Utility with innovation disruptive Crypto (Which would include many altcoins like XRP, ADA, Metaverse, NFT etc.)  The general perception is that these two very different animals belong in the same pen, when in fact they represent very different moral, cultural mindsets invested in by two very different groups of people. (I do not deny most investors own coins from both groups)

We are already seeing regulation and decoupling.  The US will be a big contributor, but like the Russian army they overestimate their power by thinking that they inherited a license to be the big bullies in their space.  American financial power will be dissipated very quickly if they think they can simply roll over the world market using their age old regualtory machinery.   Let them try, they will get a bloody nose.

I have waited over four years for alt season.  Its annoying to see ETH Mkt Cap which was below XRP become 13 bigger than XRP, but it is what it is, and we have to stay calm and hold with our convictions.  The world is moving into crypto adoption and i am confident my bag of XRP will make me rich.

Investing is a lonely road.  Black swan events come and we have to take responsibility for ourselves, rather than looking out and wishing the the ride was easier.

[HAL1000]

The great RESET is coming and an engineered global economic collapse maybe a part of that, so keep this in mind.

THEIR system is called a DEBT based economic system for a reason. The sooner we leave this system, the better, IMHO. Debt based economics is about social control and the ultimate scam, the little people, i.e. everyone who is not one of THEM, all have to dance to THEIR tune. Crypto is the first ray of hope in my long life, I have seen of truly freeing us all, from THEIR mind games and BS economic system.

It's all mind games, all people are equal, but THEIR money has had us wrapped up in THEIR BS mind games for a very, very long time. Another way to think of this, is this, THEY never have to worry about money, because THEY control it, all THEY worry about, is losing control of ALL of US.

Debt is THEIR primary weapon, so of course putting and getting people into debt, is THEIR top priority, debt is THEIR control mechanism and of course, WE have to borrow, THEIR money, so we are ALL in debt, from the day we are born, to THEM.

Always keep this in your head, if you want to understand the world in the right way, all money issued by central banks, is THEIR money. It was and never will be yours, you're just the temporary holder of THEIR debt based tokens of value exchange, and we all pay via interest, for the privilege (cough), of using THEIR tokens.

So everyone is in DEBT, which can never be paid back, because every $, pound, euro etc is automatically loaded with interest bearing debt the moment it's issued, then WE are all already playing THEIR game, THEIR way. Crypto is a threat to THEIR game. The FED is printing THEIR tokens like no other time in history, because THEY know the game is about to change, and the little people can have all the debt THEY can print out of thin air.

THEY are using THEIR tokens, whilst THEY still have holders and believers / users of THEIR tokens, to buy up cheap, everything THEY don't already own. After all, your labour, along with real stuff, can be acquired for little more, than fancy printed paper or just fictional notional value created via the press of a few buttons.

Also, by the time the masses work out, THEIR old tokens $ etc, are now pretty useless and worthless... THEY will have moved on and acquired, in one way or another, as many of  these new useful digital tokens of value exchange, THEY can possibly get their hands on.

So when the great reset + crash occurs, THEY will swoop in, buy all the weak hands with THEIR tokens and laugh at the rest of us, for not understanding how this game is being played. I.e THEIR rich, your poor and THEY are still in control

Save your pennies, pounds and dollars etc and buy as much XRP, XLM as you can, when the crash occurs, the great reset will come after, problem, reaction, solution = the new global digital DLT economy.

[HAL1000]

 

[HAL1000]

Keep in mind Tim Draper is a multi-billionaire and it makes me wonder if this was THEM and USDT isn't next on THEIR hit list, i.e. - they will use compliance and auditing techniques to kill it!

Which will without doubt send BTC and crypto into a tail spin, potentially all part of THEIR great reset plans, wiping out most of retail and weak hands in the process?