Crypto - Deleveraging Bitcoin ( The BIG PORKY CRYPTO LIE )

in #bitcoin8 years ago (edited)

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Bitcoin 6130$ and dropping...

And the entire crypto market drops with it , and why exactly does this happen ? Is it because other coins are valued against Bitcoin ? How do we stop this ?

Recently I have been posting that Bitcoin is a trojan horse coin to enable the traditional money masters (Rothchild Bankers) to leverage control of the entire crypto market , one look at the Poloniex Board Prices today will confirm this , all crypto is pegged in some way to the value of Bitcoin . The "red ink" right across the Board is embarrasing to anyone touting the "independance" of crypto and it's resilience to "external control"....

So how and when does this phenomenon end ? How and when will Bitcoin be knocked of it's perch as the "gold standard" for crypto coins ? Can it be knocked off it's perch as king of the hill ?

From here I can only talk about attitudes , for crypto enthusiasts we care little about the FIAT price of coins , we care more about uptake and use and loyalty of the userbase , so it was with a great deal of pride that I sneaked my usual peak at the price of my two favorite coins DOGE and BYTECOIN and lo and behold , both are holding their ground (although losing ground against FIAT) in satoshi terms .

So you see the real issue here , as long as we see all crypto in terms of Bitcoin , these coins really do not matter , as their value (fate) is DIRECTLY ) tied to that of the mighty BTC and therefore have very little credibilty as value holders in their own right .

It's time this changed , if it does not crypto as we know it today is irrelevant and useless and all the waffle and hot air about "decentralisation" and being "peer to peer" and beyond govt control ect is not only irrelevant it's a lie .


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Thank you for your analysis.
Good luck

Just calling it as I see it , I been following crypto for a while now and am developing my own coin so I have a vested interest

Develop yourself??
This is too much.

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