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RE: Diary of a Desert Dude #1: Everytime The Market Dips 99%

in #funny7 years ago (edited)

I was also thinking red was the blood bath and green was the rebirth. I just googled bitconnect and saw a bunch of links saying "multi level marketing scheme / ponzi scheme." It looks like the dip was due to government FUD from S. Korea, China and Germany. I guess it's not FUD because governments are always a legitimate threat to severely damage crypto (in the short term through exchange seizures). Do you know if we are getting close to having trustworthy & user friendly Peer 2 Peer exchanges out of the reach of governments? Maybe that could be the next paradigm shift as government FUD would be a thing of the past? I was a BTFD guy because I don't think they will follow through on seizing the exchanges bc of the powerful institutions getting into Bitcoin lately.