In the last days, the cryptocurrency market went through a rough correction, dropping from a 180.000.000.000$ to nearly 130.000.000.000$. Most of the currencies went down 10% or more.
Many people see the fact, that China banned most of the ICOs as the fact that triggered this correction. I don't say those people are wrong - however they clearly missed the real reason.
This would be....
... Paris Hilton
Right now you probably think: "What is this @theaustrianguy talking about? Is he drunk?"
Well, I admit, we have tons of awesome beer here in Austria. However, I am a 100% sober.
They say a picture says more than a thousand words. Well, here you have one. It totally backs up my ParisHilton-theory!
Can you see that? Paris Hilton clearly kicked down the total market cap!
Of course she did not do this with her beautiful brown leg like shown in the graph. She did it with America's most dangerous weapon at the time - Twitter!
(A quick note to Twitter-King Trump at this point: If you would just stay online, the world would be thankful!)
By admiting, she likes cryptocurrency, many people might have thought, that cryptocurrencies are getting to mainstream and therefore are no longer a good investment - following the saying: "If everybody tells you to invest into something, it is probably way to late"
So, as we can clearly see, Paris Hilton is responsible. Crazy, isn't it?
P.S.: You still think the Chinese are the ones to blame?
Guess what - they are working together with Paris Hilton!
Not even Paris can stop crypto ;-p
awesome
I enjoy seeing Paris Hilton in the news for a nothing burger story. Its nice to see she calmed down after her initial rise to fame as a socialite.
I like your chart analysis, a much better indicator than the bollinger bands!
Also your fundametals are spot on, Respect!
You just have to know what you are doing!
😂
I thought I should post something funny after posting about charity earlier today! ;)
Ich finde die Frau ja echt eine Katastrophe und wie die Amis Twitter nutzen ist immer weniger witzig....
Aber am krassesten finde ich, das dass geplapper dieser Frau tatsächlich einen Einfluss auf das Weltgeschehen hat, einfach nur bescheuert.
Danke für den Artikel :)
Ich glaube die Frau gibt sich oft dümmer als sie ist ;)
i wondered how you were going to link Paris Hilton to cryptos
I hope I fulfilled your expectations!
Paris Hilton is to crypto what the Kardashians are to sports figures. Although the sports figures are never the same again, crypto will continue to prosper.
"******** are getting too mainstream and therefore are no longer a good investment" I feel like this line of thinking doesn't really apply to crypto. That way of thinking is older than crypto. Goldbugs have a outdated way of thinking as well "If you can't hold it in your hands, it's not real" which is obviously false. And since cryptocurrencies are still one of the most unique innovations we've seen in a long time and have a very wide range of use cases, I don't think we are going to hit any major road blocks for quite sometime. That line of thinking may cause a dip in the value, but the crypto market will still recover and continue to grow over time.
Cries in Spanish
Minor setback, she'll bounce back mate.
It's a crazy that we live in and only a matter of time before the celebrities start cashing in on the gains to be made in crypto's I think it's going to be main stream quicker than people think.
With Paris she's a money maget she will sell anything with her name to make cash haha.
Sure, overall I would love more public attention ;)
Maybe start, your own ICO call it the MileHighClub coin or MHC, inviting celebrities to join :)
Would probably even work for a few thousands of $ ;)
Hehe, cant argue with this logic!
That's what I thought!
You made me smile for a while.
Paris Hilton also caused global warming!
Don't think she is that hot, sorry :D
ooh man, a p.h. reference, i can't abide dude... let's move the world forward, not backward / Peace ! (-:
source: xkcd
Seems logical to me
On the other hand - everybody is using fiat money and it still is working (more or less) :-)
slightly off topic: I was not aware, that PH is that ugly! Unbelievable.
Lol, made my day. Probably the best way to react to negative stuff is to bring out the funny aspects :) Thanks for the post, definitely makes sense! :))
ahahah everybody got afraid of this creature step into crypto world
Actually, she got there earlier than most of the people on this platform! You have to admit that:
Yeah true but is just paid advertising xD
Very funny. She was just a bit too late on that one. Maybe she's working toward the bounce.
esta buena la comparación buen post
HAHAHA Paris Hilton lolol. Who would of thought she would be backing ICOs. What a crazy time we are living in.
One night in Crypto :)
Check to whom her sister is married, and if her sister's husband's family owns some bitcoin maybe. In the news, Dubai is supposedly going entirely on cryptopayments, and then check if she maybe has some stores there selling her whatever assortment line. And that's it than. Oh, I forgot what investment fund is or investment advisor is advising and managing her investments (financial not in stores and such)?
This post has received a 30.00 % upvote from @lovejuice thanks to: @theaustrianguy. They have officially sprayed their dank amps all over your post rewards. GOOD TIMES! Vote for Aggroed!
Well thats the ICO bubble debate over
Whats an ICO bubble compared to Paris!
This post received a 4% upvote from @randowhale thanks to @theaustrianguy! For more information, click here!
"Is he drunk?" i mean you should be also dont think it would matter :P atleast not as much as 10% xD
I love how celebrities are embracing Bitcoin now :-D You know we are in a bubble when Paris Hilton knows what Bitcoin is!
Ohh paris, pussy paris. I earned 5btc for one month with trader bot,
earn bitcoins today with Best Bot http://gmy.su/:sNVk