There is a very interesting situation that is arising globally. We are aware of how quickly cryptocurrency is spreading. Estimates had a bit over 120 million people involved in this industry to start the year. Now, we see there are over 100 million Indians using cryptocurrency.
In other words, the growth rate is tremendous.
Of course, most are piling in hoping their cryptocurrency moons. This is the main reason for Wall Street's attraction. Even Tesla is sitting on a doubling of its $1.3 billion original Bitcoin holding. Token go up is high on everyone's list.
Greed can attract a lot of players and this is exactly what is happening. Most are not concerned about what the values are tied to this. Ultimately, it is all about making money.
However, there is something that is hidden away which is very interesting.
Source
Trojan Horse
Most of us are familiar with the mythological story of the Trojan Horse.
The story goes that, during the Trojan War, the Greeks built a wooden horse and filled it with some men. They pretended to sail away, leading the Trojans to believe it was a victory symbol. They brought the horse into city. Of course, the Greek soldiers exited the horse, opened the gates for the rest of the soldiers, and, as they say, the rest is history.
This is now a symbol for things not being as they appear. The "horse" is in plain sight but people simply do not see it for what it is.
With cryptocurrency we are seeing something similar. While everyone is focused upon token price and making money, there is another plot occurring. The fact that people are piling in, mostly based upon greed, is only adding to the overall move.
What is that move? It can be summed up by calling it "freedom go up". This is how someone phrased it in a recent YouTube video. Here, we see the essence of cryptocurrency captured.
Bitcoin was developed in a quest for freedom. The main idea was to free people from the clutches of the bankers. During the Great Recession, tens of millions suffered due to the actions of the bankers. In spite of the fact they torched the entire global economy, little was done to them. For this reason, the main premise of Bitcoin needs to be remembered.
However, even though most are overlooking it, simply by engaging upon the purchasing of the asset, people are helping to promote freedom. This includes the Wall Street crowd.
Isn't it ironic that the more popular Bitcoin becomes, the less they are able to control it? As it spreads throughout the world, ending up in more wallets, the ability to eliminate this as a path to freedom dwindles. Here is the Trojan Horse. The "Trojans" are focusing upon the financial whereas the "Greeks" are bringing freedom.
Beyond Bitcoin
Of course, Bitcoin is still the Big Kahuna. However, it is far from the only game in town.
At this point in time, it is best to always step back and look at cryptocurrency in general as opposed to just Bitcoin. While that remains a crucial aspect to our march forward, there are so many other tentacles that are furthering the cause.
Freedom is taking hold, something millions are starting to grasp onto. As stated, this is operating bigger than just a financial asset. It is actually disassembling parts of the entire tyrannical structure that were cultivated over so many decades (centuries?). Since we are conducting this in the digital world, it is happening at a pace never seen before.
We often speak about decentralization and distribution. These are becoming critical points as the governments of the world start to address this situation. It is best to remember those entities are not about freedom. Their main focus is to amass more control. Here is the core level of the entire conflict.
It is acceptable to let them think they are winning. The horse is already in the city and the troops exited. This is something they cannot change. Now it is only a matter of how quickly this spreads.
The near unlimited nature of the forum we are dealing with cannot be underestimated. Most overlook this simple point. All of this is occurring in the digital realm. Here we see near-infinite abilities. Many of the constraints of the physical world are no longer present. This equates into something that can spread globally in record time. It is also why governments, as they are presently constructed, are ill-equipped to deal with what is taking place.
Anyone who went deep water fishing knows that, as long as the fish is in the water, it has the advantage. The only way to have a chance is to get it on deck. One can spend hours wrestling with a fish in its environment only to lose. Eventually, as the battle continues, the fish will be able to get away.
Cryptocurrency is a major shark and governments are now wading into the ocean to confront it. Who do you think has the advantage? Sure, if it could take place on land, governments would be overwhelming. Yet, this is happening outside the environment where they excel. We get evidence of this by how they are operating. The reality is they have no clue how to approach this.
The last few days generated a great deal of excitement. We saw Bitcoin make new all time highs which, of course, gets a lot of attention. At the same time, the total market cap did the same thing. It shows how this run is more than just Bitcoin carrying things along.
What Goes Up...
We all know how markets work. They ebb and flow, going up for a while then reversing course. This is something that happens in all markets and cryptocurrency is no exception.
Pricing action is something that many follow. For this reason, we see a lot more volatility when the asset class is smaller. While the cryptocurrency market is growing, it is still tiny. Even with the new all time high, we are looking at a total market cap of less than $3 trillion. This is nothing compared to the hundreds of trillions that Wall Street operates with.
So while prices go up and down, freedom, as we are discussing here, does not. Once someone gains insight into what is taking place, that is never lost. Those who are able to see past the price moves and uncover how this is all a mechanism to spread freedom are permanently hooked. It can come in many ways but the bottom line is a new "evangelist" is formed.
This is where we see the growing base of cryptocurrency enthusiasts who do not leave regardless of what is happening with the market prices. They believe in the overall path, spending their time building, promoting, and helping others to see how this is changing lives. All of this is operating outside the existing establishment which is now trying to force its way in.
Not everyone is focused upon squeezing every ounce of ROI out of each move. Instead, they are taking actions to help communities build their own paths to freedom. Certainly, we all have financial responsibilities that need to be met. Helping one's personal finances is the first step. That said, it quickly needs to be moved passed. Operating at that level means that one will believe the "Trojans" actually have a chance in this battle.
They do not.
With each new entrant into the world of cryptocurrency, regardless of what the allure was, is another combatant in the fight for freedom. By supporting Bitcoin or any other cryptocurrency, we participate in the expansion, no matter how minor. As the numbers grow larger, it all adds up.
From many perspectives, the world is a mess right now. Governments are zealous in their quest for more power. On the surface, it looks like they are achieving their goal. However, do not overlook the battle that is taking place below the surface.
Cryptocurrency is a Trojan Horse and it affects a lot more than just the financial markets.
And the end result of all this is that freedom go up.
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I thought about the number go up -freedom go up correlation for a while now. That YT video really summed it up perfectly.
We may have an issue regardless. If number keeps going up and everyone makes money but at some point we realize that our digital assets may be overpriced and the market starts rationalizing, won't that push people away from the technology?
I'm talking about bizarre scenarios where someone will figure out that Cardano can't be actually worth any money because it has no dapps so it crashes to a few cents per token.
Can't this situation be used by JP Morgan and friends to utilize the I told you so strat and introduce their own centralized solution? This would make people think they are using blockchain but they would just be interacting with a centralized database similar to BSC.
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My instinct wants to downvote you, but I'll let this one pass.
The question to me is, is your dirty stinking dollar worth my cardano?
And is the Market a Bubble, hmm, is there any market that ain't a Bubble?
Talking about WallStreet, if 10% of all the Shares of any Company are sold into the market at once (same hour), you will probably see the price crash more than 50%, it will be a bloodbath for that corporation. A lot of crypto assets are more resilient than that. So who's in the real Bubble?
I didn't intend to offend anyone, Cardano just came to mind first so I used it as an example. Never said such an event could and would happen.
And what would happen if someone sold 10% of all Bitcoin in existence? Or 10% of the total supply of Cardano for that matter?
There is no doubt that everything is in a bubble but expecting the crypto market to be more liquid than tradfi markets is a far stretch IMO. Just look at what happened on Binance US today.
And that was just one large sale. Imagine panic mode on a large scale...
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Looks rather like one large fake news bar, am I right?
It was one large sale that filled the whole order book all the way down to $8k per BTC. Just goes to show how deep BTC liquidity really is.
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But only on Binance right? How convenient for them, I bet a lot of people have been long with high leverages.
I would say that the idea of limitation is going to wane.
How you framed it makes sense, based upon our view of what is taking place. However, consider the fact that we are now entering a realm where there is near abundance. With the digital world, the limitations that exist in the physical no longer exist.
Take data for example. It keeps growing at an exponential rate, doubling every 12 months according to some estimates. Yet, it is still extremely valuable.
So when you mention what can flow through blockchains, just think of the volume that can be on all of them. Quite frankly, right now, there is nowhere near enough bandwidth.
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I definitely feel a bit this way thanks to crypto. It allowed me to get out of debt and that is a really freeing feeling right there! As we move forward we should be able to see even more of the shackles to the traditional system fall away.
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Government are not equipped to control Bitcoin, not to talk of the whole crypto space at large. Big organisations are coming in due to the greed and the money like you mentioned, they definitely can't be sued because these investments are not an infringement by any means. Whether greed or not, people like us are looking to build beyond the greed to something more permanent.
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I dont really think they are equipped to deal with much of the digital world.
It is going to fun to watch how all of this unfolds.
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I was raised in a borderline fanatical religious setting and despite abandoning faith for reason, I can see a lot in the bible that should be considered regarding the beast and all that, as I think it really refers to commerce, business, and how greed perpetuates the two such that they lose functionality as tools for the betterment of humanity and become beasts that eat us all.
I think your decades (centuries?) point may actually stretch back to just after the dawn of agriculture and the birth of organized entities that stood as place holders for people but were endowed with more power than people can be trusted with and used that power to further empower themselves just as we see in government, religion, and business today.
I don't know if we're approaching the end of an age astrologically or not, but there's definitely a new age dawning. I hope we do better with this one...
Finance is clearly an important part of anything and power lies in money. Just like what the Government did somewhere in Africa, they tried to limit the use of Bitcoin but it only gives it more power. They feel they are winning but Bitcoin spreads the more. And as you said, Bitcoin is just 1 solution but the future might be bigger than Bitcoin.
Thanks for this. Pretty informative.
I think more and more people are entering crypto by the day. Even though the governments don't want to promote crypto, things like the BTC ETF and El Salvador making BTC legal tender is doing a great job of convincing people to at least consider. At this point, I think it is evitable for crypto to go up and I think the governments will be forced to adapt.
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Hi @taskmaster4450
I enjoyed the video, and now your fleshed out post on it.
It is an interesting analogy to compare Bitcoin to the Trojan horse.
Now we who are here have a big responsibility to spread the news of this path to financial freedom far and wide. It's a difficult task, but one we should embrace. It is similar to our desire to spread the news of Hive and the communities like Leofinance, and the projects like Splinterlands and Leofinance.
We know about something good, we should share.
Yeah there is a lot to think about with all that is taking place. Nothing is operating in a vacuum. Now we are seeing a great deal more to this than meets the eye.
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Hi friend, I wanted to know information from you if it is possible and if you are available. I wanted to better understand how the SPI project worked and how to finance third party projects on hive. If I understand how it works I would like to share my project with you.
Hit me up on discord, taskmaster4450
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which #****
Without the numbers after the # I can't add you
Am loving the drawn comparison of cryptocurrency to shark in the ocean.
For the first time in the history of mankind governments are confronted with what they have no clue about which just delights me as am taking sides with cryptocurrency.
Clueless they shall remain!
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They are like a fish out of water in this situation. Over the next half decade, I think it will become evident exactly how governments do not fit into the digital/virtual world.
We are going to see a lot of development around what they set down in terms of laws.
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Crypto currency has save many people from bankrupt. Many people has been rich through crypto currency. Alot of people are seeing it as Scam but many people that know about it has invested on it. Is not too late for people that want to invest on it to do because alot of surprise is going to happen in Crypto currency soon.
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It is a pathway that is going to bring billions out of poverty.
We just need to keep pushing ahead on every level.
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Thank you
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The cryptocurrency market is very exciting, however for a normal person starting in the world of crypto assets it can be very overwhelming, given the immense amount of money that exists in the blockchain, however there is no other option but to adapt to change.
Ordinary people now have stake in assets that can grow exponentially over time.
That is something we didnt see before.
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We are witnessing new era - so far the biggest achievement of blockchain are NFTs. I think they are gonna change many things: I am waiting for AAA games to start giving them to players, I want McDonalds giving NFT claimable tokens with their meals, I want my TV to give me tokens for watching programs.
Revolution is real
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Crypto currency is one of the best platform where youth can start up their independent life
For older people too.
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We have much more good days to see...
Cool
Nice