I agree completely @charles1.
There is no reason to sell. This is a simple case of age old tactics being used. When an entity fears something, this is the process:
- Publicly demonize it
- Get the government to regulate/ban it
- Buy it out
We see this over and over whether it is a person who is marginalized before being fired, an entity, or a technology.
The fact is that is crypto/blockchain wasnt a threat, there would be no conversation about it. Do you hear the banksters or regulators talking about Continentals? That is an alternative currency that could take on the USD if people chose it. But there isnt a word about it since it is no threat. BTC and others are.
As for your statement about the government and banks being there for us, I do disagree. They established a system where the banks run the show including the governments. Since they control the currency they can buy the politicians, lobbyists, media, and other corporations. They own it all. Crypto is what is allowing us to take it back. Owning coins means we are not beholden to their devaluing of the currency.
Buy and hodl is my view on BTC, LTC, and Steem. I have some ETH but am waffling on that a bit.
Thanks as always for the post.
Good point @taskmaster4450 I agree with you except the section that you indicated that I said that governments and banks are there for us... Thanks for your comment, good points.
You are welcome Charles. These are all points that warrant discussion and we need to keep shining light on them. There is now an opportunity to break away from the oppressors that enslaved humanity for their profit the last 100+ years. We see the backlash against bitcoin...this tells me they are scared....they see their apple card getting turned on end.
And we are happy to help push it over.
Absolutely we will take back power from the few cntrolling us for centuries...guess you are a crpto guy isnt it? keep steeming
Yes I have some crypto...although I am more a technologist...I see many technologies starting to free mankind. The Internet was the first mechanism that offer all people a voice although the elites figured out how to silo it off and control that. Now the next stage of the internet will be breaking away from those entities that put up the silos and take back that control. This will simultaneously break away from the fiat control system if for no other reason it offers us a choice.
wow great point I agree with you. What is your take on ICO? which one are your future top ICO´s
ICOs are a great thing...a wonderful way to make big money....and to lose all you put in. It is a shooting gallery in my opinion...a lot of crap out there. It is akin to the penny stock world...lots of good stories but nothing.
I dont play the ICO game too much....it is more risk than I prefer. I will give up some at the beginning to see an entity to start to produce. Prices often will drift back anyway due to overhype and excitement.
Good point, however some people make a lot of money through joining early and doing a good due dilligence on the company. However I agree wth you-some are scams isnit it?