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RE: Why the fuck is the mainstream suddenly so interested in Bitcoin?

in #bitcoin7 years ago (edited)

I've seen a disturbing correlation between what the media says and what ends up happening. Most of the times it's "Bitcoin has broken through this many thousands and next it'll hit this many thousands" and it does. Then they say "it'll end badly, it'll crash" and that could be the plan. To get so many people to blindly buy in while artificially driving the price up themselves (they can just print dollars and buy Bitcoin at will you know), before crashing it to levels where a lot of people will get burnt. Then they'll say we need a government backed crypto or something.

And it irritates me how they call Ethereum, Litecoin and even Dash Bitcoin's rival. CNBC does that all the time. It's not a competition. Besides, things only compete when what they offer is the same, and they're not the same. Now that I think about it, Steem seems a whole lot more useful than people realize. I think it's seriously underestimated. Though I think some are catching on, looking at SBD value right now. SBD can be used to transfer money just like Litecoin and Bitcoin Cash or Dash, and even faster. Plus, there's a community behind it.