Damn the traders and the bitcoin community shorting and magnifying the instability of the price of bitcoin. It's not the Chinese Lawmakers and Jamie Dimon who brought volatility to the fair value of bitcoin but the community who behave like sharks lurking and waiting for their prey.
Listening to @ToneVays and other technical analysts prophesying the top and dip, followed by trolls of Jaime Dimon added more volatility. Are we going to feed the trolls end game? How can we foster mainstream adoption when we don't further bitcoins purpose, a stable and reliable store of value that aims to transcend fiat currencies.
Bitcoin will not appeal to novice investors and nontechnical people or possibly engaged interest to new users if the space is in shambles. Will they see bitcoin as a safe haven to store their hard earned savings? NO.
Have you any idea at all how hard it is to introduce people to this space. You have no idea. How can I defend bitcoin if all they hear in the news is bitcoin "is a fraud", "it is a scam", "it's a pyramid scheme", "it's in a bubble" . . . you have no clue.
Let us stop the hate and show respect and be more responsive. When I first took notice of bitcoin I told myself it's so easy to make money from it's price fluctuation, sell high and buy low, just follow @ToneVays but my moral sense shunned me from engaging in such activity so I just held instead. Bottom sellers are being ridiculed and vilified. We have far too much bullying going on. "Life is a fight but not everyone is a fighter".
Every ATH we owe to the new adopters choosing to hold. Respect at the least, is what is due, to the risk they took to be in bitcoin's ecosystem. Let us not be bitcoin trolls but defenders and genuine bitcoin ambassadors for change.
Antonio Gramsei once said "The old world is dying, and the new world struggles to be born." Let's overcome these struggles. In the Philippines President Duterte won the 2016 election through unity and social media defeating the oligarchs who had ruled the Philippines for several decades.
"Unity is strength when there is teamwork and collaboration, wonderful things can be achieved." - Mattie J. T. Stepanek
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Demonizing is the first step in their playbook. They use it to instill in the masses. The average headline grabber simply hears fraud, scam, or whatever and is scared from it. This is what the banksters want. Those who arent scared off by this suffer from regulation. Eventually the banksters buy it all up.
This is nothing new....they have been using this model for decades.
I am not sure it can work in this instance.
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The best strategy for those who understand what is going on is to HODL, rather than to trade Bitcoin, hoping to profit from price fluctuations of Bitcoin. All the panic will eventually wear off and the price of Bitcoin will begin to rise and pass $5,000.
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