Seriously mindfucked about BTC being pumped.
Huobi accounts will be closed on April 18th. Same for most exchanges. Is this the final pump and dump?
Short-term thinking will do that to ya. Gotta keep the long-view: Bitcoin is simply the best money for our times: electronic, global, instant, secure, transparent, decentralized... We haven't had ideal money since humans developed the need to transact quickly over arbitrary distance; everything before bitcoin has sucked for that purpose (either by being a pain to transport (gold, silver) or subject to debasement/controls (fiat)). Bitcoin is exciting because it solves a 200yr old problem.
Money is about reducing the friction of exchange due to the money having certain properties that work well with whatever forms of economic interaction current society demands. Again, in our digital era, bitcoin is simply the best money, and it does not matter what the Chinese do today or tomorrow. Eventually the benefits of lowering the friction of exchange trump just about everything.
The long-run price trend of bitcoin reflects more people realizing the above.
