Markets are not correcting - here is the reason. It's war against governments. Either you hodl or you sell and go crying back to mama government.

This is not a correction. This is partly due to Korean exchanges once again being subjected to tax authorities raiding their offices . South Korea's justice ministry said on Thursday it was preparing to ban crypto currencies trading through exchanges.

 

Listen. Please understand these elements. Crypto currencies CANT'T go away. I'm not sure if you've played this game, but you know the "game" where you press down one button, another one pops up. That's cryptos. If they crack down someplace, it pops up another place. Traders, start ups and investors move to where it is possible to do this in peace and quiet, away from Governments and regulations.

We have to understand that this is not a "game" per se. It's a quiet war fought out through technology rather than in the battlefields. And unlike earlier wars, this is a war between people and government - not governments forcing people from different geographical areas to shoot at each other.

Of course governments will crack down on it. Cryptos is free market, and the ultimate sharing economy. Governments don't want that to happen, because it means they lose their control. They are not ready to let people utilize blockchain just yet. The free market is happening to soon for them. Slow, backwards governments need much longer time to figure things out because of their incompetence. It's in their nature to be incompetent. They need to recruit and find people in order to figure out how to tax us properly. And that they have quite some skills at doing. And until they have found a effective way of taxing and regulating and tracing transactions, they will try to spread as much FUD as they possibly can to slow down the growth.

And the stupid people who buy into the FUD and sells are not only government bitches, they are going to lose out on a fortune.

Seriously, as many as 30% of working south koreans own a crypto currency. Do you seriously think they are all of a sudden going to stop being interested in this just because governments try to regulate it? Sure, governments can go totalitarian - and destroy their country. That's what governments eventually do. But if people object to it, by hodling, we could win.

But remember this. You can't have it both ways. Either we want freedom, which means no oppression, which means no taxation, no, or minimal government and FULL personal responsibility - or we don't. Because welfare states and big governments need one thing and that is taxpayer money. It need a shitload of it. And we've pushed the biggest bubble in history to the max - the government bubble. We are taxed twice as high as in the middle ages. And they can't afford to lose a single penny because some people invest in things that are not easily traceable.

If people don't realize this is about getting rid of governments which has been oppressing people and sending people to war and been inhibiting progress for hundreds of years, you can just give up now. You have to take a stand. Hodling is about freedom and free markets. Selling is going hunchback back to the governments begging for forgiveness. Mommy mommy..I saw freedom, and it was too scary for me.

Like I've said before, the only thing you have to do is HODL.

There are so many inexperienced people in cryptos at this point buying Cripple on top, selling with 50% profit and not having a clue about this space. We need to flush these people out, and let them buy in later again when they understand more.