Sheesh. Hope this whole episode is over and done with soon. Can you imagine how this looks to anyone thinking of entering the crypto world?
Price jumping up and down like a yo-yo and most people here screaming 'crypto is dead'. It would be scary as hell to want to invest.
I have been on the scene for quite a while now and seen it all before so I don't get so jumpy anymore but for a n00b they would run to the hills!
Just hoping that things calm down and we can ge on with doing what Bitcoin does best and Moon!
We already have a lot of noobs at trading ,thats why the price is jumping up and down like a yo-yo. They are emotional and easy to manipulate
For the ignorant to currencies
The sooner everyone in the globe understand the history and what money ( refering to FIAT currency
https://www.youtube.com/playlist?list=FL1TfOuBR6QgM-GGBVfFK4Yg ) is really all about and who really control the money supply and the whole banking cartel ponzi scheme then everybody will start understand that all FIAT currencies will get to ZERO (worth nothing, historically 100% fail rate) what is the alternative? GOLD? SILVER? Commodities? maybe for a store of value but not practical for the electronic age of commerce.
Crypto currency is the perfect answer for the 99% to be paid in, buy with and use as a medium of exchange and investments. But you have to understand that the 1% have used the secrets of Fiat currencies for ages and they will not give that holy grail up without a fight. Would you if you could just print your own money but no one else can?
Crypto currency is huge compitition to FIAT currencies and the 1% will do anything to try and discredit crypto currencies.
1. The bankers will pay trolls in forums to keep saying bad things about crypto currency "Crypto is dead" "Will go to 0"...
2. Use their fake main stream media to bash it and make out as a dangerous financial instrument.
3. Use red flag attacks. They will hack their own account and "steal" their own coins to show insecurity (Yet they can't steal or hack it if you have a really long password like a centenc, double authentication or cold storage.
4. Or they might even try and buy up all the available Bitcoins. Don't sell, buy to use for goods & services, salaries or to retain. They also know if they trade all their FIAT for Bitcoins or other cryptos the miners and the rest who owned BTC's sit with the FIAT currency and will exchange it for real assets like Gold Silver & other valubles. They would not want to sit with all the Bitcoins and no real assets and they also don't want the 99% to own the Bitcoins because then FIAT RIP ( wich will happen anyway). They also know because Bitcoin has a MIT licence anyone can use it over and over. So Bitcoin 2.0 will start and the Banking cartel have the same problem all over again and then again.
5. The bankers are no fools when it comes to currencies. If they going to run the currency down they will tell you to buy and they good at it and vice versa. In Forex they know where all the stop losses are and they hunt them all day long up untill a wall (impossible resistance) then down (untill the wall) then up then down. Unlike forex they don't have access to a centralised pool so it is more dificult to guage the end goal.
With regards to chinese miners wanting to control the mining space and in effect centralised the Bitcoin space is also not a issue because there is a way to:
1. Illiminate miners all together after all Bitcoin are mined. I know, this will upset the applecart in a big way.
2. No matter how many users of a crypto currency, the transaction time will always be as fast as sending a message or email from on person to another anywhere in the world.
3. It is truly decentralised and cannot be centralised. All 21 million are spread all over the world on the IOT.
4. Totally P2P.
5. The only cost to transfer 1 to a trillion dollars + would be the electricity it use to send it from P2P and who will charge if they are charge in return next time?
6. The transaction between P2P is totally incrypted so only the parties who transact know anything about it.
7. It is true crypto cash.
8. When full addoption takes place blockchain will be mostly irrelevant.
This system is not yet in existance because the people who know of it fear theft of the idea and by the cartel and like all things they patent and destroy.
So crypto currency is very far from over (don't listen to the fear mongers they want to scoop your crypto currency up for a song and you will be forced to buy it back at a premium later. Buy and keep your Bitcoin use alt cryptos for everyday buy and sell or the Bitcoin unlimited??? ) it has only begun the true power of it has not been realised yet.
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