I think the killer of ether and bitcoin is doge coin Although it's no joke, the bnb coin and their blockchain perform well on the market! So soon, bnb may be the new bitcoin.
Historically to 2009 BTC was a nerd coin, then post 2014 became a scam-coin, then post 2020 became a mainstream 'Goldman Sacks' shit-coin
It's no joke that the robin-hood traders think that BTC is orchestrated, & pumped by old farts. Boring, and when things get boring, expect for a new kid on the block to rule the roost.
Given that the geriatrics controlling bitcon.org have slept with the IRS, FBI, and NSA; Given that post-millenials don't trust post COVID, they know that the agenda is euthanasia, I think that the smarter survivors will adopt a coin for long-term survival.
The old farts running BTC think that they're going to live forever on the blood of children, think MUSK&Thiel, google "parabiosis" don't have to make this stuff up, modern vampires.
Remember, the reason Thiel(palantir-cia) and Musk Paypal, are the leaders of BITCOIN in public is they're the poster boys for the new normal. Think "Matrix"
Your post is very informative and most useful for the present time. Every issue you mention is enough to stifle Bitcoin. If the government of a country wants, it can destroy Bitcoin. Greed is enough to destroy bitcoin. As evidence, the collapse of the Bitcoin market over the past two days is largely due to the impact of Joe Biden's proposed bitcoin tax.
All of these things are not able to destroy the bitcoins. News like bitcoin ban in certain countries or tax being imposed on bitcoin may have a temporary negative impact but in the long run no one can stop the growth of bitcoin. I prefer to listen to good news about bitcoin adoption and ignore all the negativity which is being spread about bitcoin.
Satoshi(NSA) specially chose weak parameters for Bitcoin, both SHA256&Secp256K1, have limited lifetimes before they can be broken by the general public, then BTC goes to zero.
The CHINESE cbdc will have explicit expiration dates, BTC its sort of hidden, even the NSA didn't know for sure when SHA256 & SECp25K1 would be broken by public.
BITCOIN allowed the GOV ( BIS-NSA-IMF) to normalize crypto-currency, now that its an accepted thing, GOV all over the world will release their own crypto's into the wild. Not unlike today where all gov's unleash their own FIAT to infinity.
Why is it that every time the charts are in red, someone comes along claiming the bubble is finally bursting because of [insert reasons]? When the price is rising, it's all good, but when it's going down we are all going to die.
Many factors have contributed to the recent decline in BTCs value:
- The flooding in China that put some miners out of power and unable to mine.
- The money laundering investigation announced by the US government.
- Biden's plan to increase taxes on those earning over $1 Million/year.
- Just a normal correction following months of positive price movements.
All this will pass and be forgotten, and so will the stories of bitcoin being dead.
Well its back up to $52k, so somebody is buying.
Does anybody think the FED will bail out BTC? Now given that so many institutions are using BTC as 'cash savings account', and the past weeks loss of -25%, and now -20% at $52k
The pain is going to be felt Monday AM in NYC. Right now, its denial 'HOPE' that BTC goes back up, before the 'investors' are told of their losses, for right now, nobody knows really which large institutions are setting on the losses.
This post isn't even about BTC price, its about why the BTC-ORG chose to get in bed with the US-GOV? Defying the very reason for BTC being born in the first place.[moderator's note: consecutive posts merged]
