Do you remember the famous crisis of 2008 ? Do you remember why Bitcoin was created ?
Bitcoin was THE only alternative to the actual banking systems and to the Global Money War. And that’s why we trusted it. It was the only way to avoid fees from the banks, the tracking system of every orders, payments and every money-move.
And when the people started to believe in him, his price has risen. When more and more people bought and mined BTC, his price has risen.
Now, what we call “the Big Whales” are playing with Bitcoin, making it a “game” that you liked it or not, you don’t have the choice. Like the “Little WarGame” of Bitcoin and other crypto’s and prices : when one big whale sell his small part of his huge amount, the price falls a lot and people are loosing money, the Whale make the choosen altcoin pumping, he sells (win X times his money) and buy the dumping BTC (X times his money, again.…).
And Now, I have read some articles, and we see more and more people talking about Bitcoin and WallStreet ?
If it happens one day.. Don’t even touch Bitcoin Core anymore!
I read in the past a comment of someone saying “If Bitcoin enters in Wall Street, we have won !!!”... ...
NO we DO NOT have won ! Bitcoin has to be really far from Wall Street and all the regulations of Securities (for the Tokens-ICO’s too) and the WS-Investors !
Bitcoin was created to avoid every contact with Capitali$m and WallStreet. If it ever enters in Wall Street, we loose the war against Capitalism. We loose the fight against that 2008-crisis (and all the crisis in the World).
And some of you will be certainly saying “I don’t care if I win money”...
That’s what people that cried in the street because of the Crash will say?
That’s what people who have lost every cents in Stock Markets will say ?
I don’t have any cents in Bitcoin. I have some kind of trust in some altcoins:
=> the more stable are the most trustworthy like Bitcoin Cash, which decided to focused on his utility as day-to-day cash, to be used with merchants (BTC is NOT as store of value, you can;’t buy your bread if it goes down of 20% in 4 sec), fast, scalable and based of the whitepaper of Bitcoin (2008).
Things are not done, and it needs time to evolve through a 100% perfect p2p cash. As Bitcoin (2008) was.
=> Litecoin which loose a few dollars when others lost thirty of their value (if you choose to hodl).
=> The most technologically advanced : As Ethereum with his Encrypted-Blockchain/Network/Token/ICO possibilities that a lot are believing in.
=> The ones that make your heart beating... but be careful of scams, of “too beautiful gains” as the famous diction said “no pain no gain”, in cryptocurrency it’s “too many promised gains, to many pain” (Bitconneeeeect, Onecoin, ...)
=> Or just the ones that you think it will be valuable in terms of technology and money (small altcoins… But don’t fool youself, small and baby altcoins today won’t grow as BTC did...
Maybe you won’t avoid Bitcoin, Maybe you will be there when it will enter in WallStreet, in the hand of the Capitalism (Blockstream… SEC… futures….).
But, please, when something will certainly happen with Bitcoin, WallStreet, CEO, Big Whales, Regulators, Securities, Tax Department and the Gov and you will loose everything, or most of it, again because you wasn’t careful enough to avoid “loosing what you can afford to loose”
Please... Don’t cry and make a safety-money-pack before...
You were warned more than that about risks and crashes.
Little comeback :
*** the 17th century Dutch tulip mania,
*** the 18th century South Sea Bubble,
*** the Wall Street Crash of 1929,
*** the Great Depression, which was preceded in many countries by bank runs and stock market crashes,
*** the Japanese property bubble of the 1980s,
*** Asia in 1997–98. Many Latin American countries defaulted on their debt in the early 1980s. The 1998 Russian financial crisis,
*** the crash of the dot-com bubble in 2000–2001, and the now-deflating United States housing bubble,
*** the run on the Bank of the United States in 1931 and the run on Northern Rock in 2007,
*** the subprime mortgage crisis and the bursting of other real estate bubbles around the world also led to recession in the U.S. and a number of other countries in late 2008 and 2009.
Is it enough ?