Lost It All In Bitcoin
Sometimes when I see a picture that inspires me to write a post I'll put it into my pictures folder to be parsed out later. This picture has been there for months. How many months?
Yikes.
I just look at this 'comic' and don't even know where to begin. If I rip on it too hard does that make me look like a blind zealot crypto shill? It's so ignorant and targeted that it almost feels like propaganda.
It really shows a fundamental lack of understanding regarding the decentralized movement. We are trying to build organizations that no one is in charge of and we get criticized for not being valuable because the people in charge are fine and everything is fine.
Why did the real-estate bubble happen again? Because it was being grossly manipulated and exploited. We might make the argument that Bitcoin is similar, but the timelines are way off.
In the time it has taken for Bitcoin to bubble over and over and over again we haven't had a single recession. Why does no one seem to find this obvious timeline information significant? How many times has Bitcoin died again?
Bitcoin is not a store of value: it generates value. Gold and real estate only store value and protect against fiat inflation. Bitcoin has been doubling in value every single year since 2013. Yet so many people have the audacity to tap in to that Dot Com bubble comparison.
Foolish Dot Com Bubble Comparison
If we look at Dot Com and see why it actually went bankrupt (extremely high overhead, little profit, and lots of initial funding) we see that it is impossible to compare to crypto. Yet 99% of people out there seem to think they are smart when they see the "obvious" similarities.
How do you compare a system that governs itself? How do you compare a network that runs in a way that has never been seen before? It's outright arrogance to do so. How many people out there are using this information to make real world decisions? How many will get burned by the rampant age of disinformation we live in today?
Crypto under attack
And it has been since its inception. All the lies that people believe about crypto exist because 'someone' is spreading misinformation on purpose to confuse the issue.
- Crypto is for terrorists
- Crypto is for pedophiles
- Crypto is for drugs and criminals.
Wow, you'd think they'd get a bit more creative over time, but they always seem to start here. A lot less people are currently buying this narrative so they had to move on to other tactics like making the claim that it's not backed by anything and absolutely needs to be regulated. The irony stabs me in the heart.
Crypto threatens central banking, so obviously central banks need to fight back. Some guy... sitting in a room... being paid to propagate the idea that crypto is backed by nothing... paid by a central bank backed by nothing.
And what are the banking regulations for? To keep big banks in line, or to burn the bridge for all lesser competition? Well, the answer is obvious because they keep paying the fines and it has zero effect on action.
Bitcoin is backed by trust.
In conclusion, you couldn't have "lost it all" in bitcoin unless you panic sold like the weak hand you were. You seriously couldn't just stay in the market 3 years, because 3 years is such a long time in the investing world? I just can't right now with that logic. If everyone got their money back after 3 years during the housing collapse no one would even be talking about it right now. Bitcoin is a total scam though.
good post bud
90 percent of the people will get burned and thrown under the bus in my opinion but for the ten percent that know whats going on will do more than fine
cheers
So true. I often look at what the mainstream mesaage is on things, and basically assume the opposite since they so often seem to be trying to deceive the average person.
I'm currently working on a article somewhat connect to this. It's more so a comparison of how steem hardforked to change behavior on the platform, to the idea of changing our economic system to change people's, and corporations behavior. Just wish I was a better writer, as it comes out as a big rant. But that is why i'm gonna keep writing till i get my idea across more successfully.
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That guy sitting in the room making propaganda to bash Bitcoin definitely has a Bitcoin or two stashed away I bet too.
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I need one of those signs that says STEEM ;-p
how's this?
Freaking awesome!
A great burden has been lifted...
I can now move that comic into an archive folder...
But there is a bubble and there is no denying that.
The bubble occurs because the adoption level is pretty low.
Its again a mentality issue.
I hold bitcoin in the lowest regard in crypto but the simple fact remains that until crypto gets big enough you will have extreme volatility like wer seeing.
Bitcoin is just a currency. Thats it.
Until people start treating it as such instead of a get rich quick, greater fool theory investment you wont ever see it stablize and get big enough to hold value.
Is a terrible way to go forward.
Thats the course we need to take.
Bitcoin maximalists are bulshit artists. Hypemen that want it to go up so they can sell.
Crypto aint for storing value or being "second gold". Its for using.
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Crypto is for losers! I knew it. I'm outta here! ironical Mic drop
Exactly. Very well said. I try to share some of these points with people sometimes. It can be hard to explain to new people. But posts like these is how you do it.
Faith for crypto has dropped
👍
~Smartsteem Curation Team