I don't know how else to call someone who cant critically think or question anything said by an authority of questionable morals.
My fear is that they will pump up bitcoin and other cryptos sky high bringing a lot more people in through the mainstream media and into the hype and then crash the price only to blame the falling of their broken monetary system on cryptos.
Because as we know it their monetary system is a house of cards ready to tip over any minute now and a big crypto crash would be a good story for the drones as they wouldn't even bother questioning or thinking about it.
Hi Runicar,
i know what you mean by braindead and drones but it's not really a fair description for most people, uneducated is probably a better description along with fearful (of the unknown or difficult to understand concepts).
It is down to us to educate, inform and reduce the fearfulness of others.
In my opinion anyway.
What they are more specific is unconscious humans. They are not even aware of what they are doing in life. This is the majority of humans. Educated is a funny word because none of us is really finished being “educated”. We are mainly just speculating and watching patterns. But yes we could educate people in some stuff but it’s mainly making people more conscious and aware that we want to do. That is also easier for people to understand. Since education never stops.
Good point. Institutional investors can easily pump anything, then crash it. The market can absorb around 60 to 80 billion a day right about now, and a medium hedge fund run by an investment bank can be around 200 billion. Just a sale of 10 billion of any assets can crash the market (as recently happened).
A precarious situation, since most individual investors are dangerously leveraged and will automatically have their positions closed on an enormous loss, before market recovery in a few days. Institutional investors will be safe thanks to their sizes. Most individual investors will readily then believe mainstream media nonsense how its all intrinsic to cryptos. (Frank Herbert wrote, once people look for scapegoats they easily find them if the alternative is to look incompetent themselves.)
Think it’s a bit more complicated then that since you have so many different people on both sides. Many looking to make a profit and exit the old system. There is such a demand right now that any crash would just attract more buyers. Because what else would we do? Go back to the old system? Not like we are going back again the Blockchain is too good and it’s clearly a step forward in the right direction.
Most people buying Bitcoin are speculators and investors. It’s the new digital Gold. Mainstream masses will never go buy Bitcoin. The supply is even too small for it to make a big impact. Only 21 million coins and as I understood it 4 million is lost so barely 16 million coins left. Bitcoin is too slow to scale. Mainstream masses will adopt something that is easier to understand and we are still years away from that.