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RE: To Protecting Customer's Assets, Not Banning; Bitcoin | Melindungi Aset Nasabah, Bukan Melarang: Bitcoin |

in #cryptocurrency7 years ago

I really hope that the Indonesia Government doesn't ban or even overly regulate cryptocurrencies.

In my home country of The United States, news media has become 90% just an extension of our intelligence agencies, and the narrative is manufactured to steer the masses like a pack of lemmings. Fortunately we are not going to have a ban on cryptos, because our rich elite stand to make a fortune in earnings from new, weak handed investors, which we can see happening right now as the entire altcoin market turns red the last few days. This is being done intentionally. Once these whales decide where the bottom is, they will allow for more natural growth, so that in the future again, they can strip all the profits out of the market. That's why now we are seeing so much negative news media buzz around Bitcoin. The same people feeding these news narratives are getting rich off of the panic sellers in the crypto markets.

You also have to be careful with regulation as well. Over regulation during the Obama Administration in The United States nearly killed all hope for the long term unemployed, but now that President Trump is slashing all the regulations, money can flow more freely again.

That all said, everyone must be extremely careful and calculated when entering the cryptocurrency market. Stick to the basic rules. Buy low, sell high. Don't be afraid of missing out and reach for the "moon" as they say, but be wise and pull your profits out incrementally. And lastly remember... You cannot lose money (or make money) until you sell, so if your investments are in a down time, you MUST have patience and hold on tight and wait. Everything in life rises and falls and rises again and falls again. It is as nature intended.

Great post, friend. Thank you.