1 MILLION AUSTRALIANS WHO HAD BOUGHT CRYPTO CURRENCIES LOST IT ALL IN ONE DAY.
The Australian media was full of "hype" on how crypto currencies was the future of money. The media worshipped Bitcoin and made it the ultimate god of the future.
The media has always been the deceptive and alluring voice of big whales. They lavish every Television program with Bitcoin praises. Every major celebrity were paid to make crypto look like the saviour of the future and the only way for the future of humanity.
With this kind of hype, Grandmas and Grandpas dumped all their retirement savings into the crypto market. Regular workers who earned just enough to go by everyday went as far as taking loans just to secure a future for themselves in this very promising space called the crypto market.
With this, Billions of dollars got into the market. The market was ripe and flourishing, then came the whales, the owners of the market. They pulled out a massive chunk of the entire market value, with this dramatic move most crypto currencies lost their ground and prices came crashing down all across board. 400 Billion dollars vanished in a single day.
They were busy enjoying the media hype unknown to them that they were literally throwing their funds into a wide pit from which it'll never be recovered.
LOOK before you LEAP. The people who control this market are wild.
People woke up to see their portfolio fall from $150,000 to $15.
Though most people who never learn from history have completely forgotten that year and the tragedy it brought many homes and families.
Most times before history repeats itself the majority have most likely forgotten about it.