I notice a lot of posts here and in the altcoin section are talking about the end of crypto and BTC due to this or that. Here's the thing: BTC has had negative press since its creation. Many countries have issued press releases that they're banning cryptocurrencies, BTC, exchanges, or something similar. As any investor that has been in the game for more than a couple of months should know: bad news about banning bitcoin is a regular occurrence and is to be expected!. It existed when Bitcoin was $80, $1000, and it will certainly exist even more as it is $10k.
It makes me wonder whether people here on this forum and investors generally understand what the purpose of blockchain technology is. The entire purpose of it is to create a trustless system that cannot be shut down by government. You see, I thought this was basic common knowledge, but it seems from a lot of the posts here that people are unaware of this. Perhaps there's too many speculators that have recently entered into the market here only hoping to make a quick buck without understanding what their investment is. They don't understand that government opinion is irrelevant to the success or failure of blockchain because decentralized blockchains cannot be shutdown.
What is the most recent craze? Is it South Korea banning crypto? Or India this time? When will investors here understand that the blockchain does not have any central location whereby it can be shut down. I suggest everyone that's creating topics here and elsewhere talking about the end of crypto to finally research and understand what they're investing in. You're investing in a future technology whereby the constantly changing whim of governments and banks can no longer influence your monetary freedom. Government press releases trashing or banning crypto should be taken as good signs that very powerful centralized and corrupt institutions are starting to see your investment as a serious threat. Because if you are going to be part of the new elite, you should grow some balls and accept that the current establishment won't be happy that you can retain value they can't control, they'll do everything and say anything to make you part with your investment. Do you think power with the transfer of wealth comes with feel-good vibes from the elite you're taking it away from? It doesn't. Consider all these attempts good news that blockchain is working and the current establishment is threatened, but never think for a moment your investment can actually be shut down, because it cannot.
No worries friend. This is just a short-term cycle. The world will learn the power of Bitcoin with time.
Altcoins are known as "scamcoins" for a reason - they will die a relative death. Bitcoin will prevail.
Bitcoin's blockchain is the only unique one to provide the most security in a decentralized, global, incentivized fashion.
Bitcoin's price will be at the very least more than 4 times (400%) of todays price in 5 years.
Bitcoin's lightning network is emerging where fees will be tiny and cross-chain atomic swaps for decentralized exchange.
Governments and laws are controlled by the central banks. Bitcoin is an anti-establishment revolution that has already solidified itself worldwide.
Bitcoin cannot be controlled. It cannot be banned. It cannot be made illegal. And conversely it cannot be legalized. It just simply is. And people can always use it.
Those trying to undermine and manipulate bitcoin stem from the central bank system around the world;
-the central banks dictate policy to all the operating big banks around the world and have essentially tried their best to ban bitcoin related transactions for more than four years straight, ever since 2013, and have failed at stopping bitcoin's growth, adoption, and popularity
-the central banks fund efforts to undermine bitcoin, providing plenty of capital and liquidity to private companies and venture backed groups such as Digital Currency Group (they own Coinbase, GDAX, Kraken, Bitpay, and media outlet Coindesk) and also Roger Ver/Bitmain to undermine and break the bitcoin protocol and/or manipulate trade
Above are just small examples.
First, educate yourself and then others. Please checkout the link to the bitcointalk post in my signature titled: How to teach Bitcoin to a 7 year old.
Bitcoin is a secure, decentralized, trustless and open system which cannot be banned nor controlled.
Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?:
If it can be shutdown, and have assets frozen by a bank or government, there would be no value
If it wasn't secure, there would be no value.
If it wasn't immutable, there would be no value.
If it wasn't globally distributed, there would be no value.
If it wasn't so strong, open-source decentralized and unstoppable, there would be no value.
If it wasn't so scarce, there would be no value.
If it was easy to spam transactions, there would be no value
If it required a central 3rd party to function, there would be no value
If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin").
If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value
Bitcoin is on the verge of lightning network release rendering altcoins as only backup plan options if not dead.
If it was exactly like fiat and only did transactions, there would be no value.
Bitcoin's value is worth hundreds of billions USD today. Altcoins however are scams, weak, pyramid schemes not offering these values.
Bitcoin has all the characteristics needed combined to hold the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. (more than stocks, more than houses, more than gold)
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