RE: Why the fuck is the mainstream suddenly so interested in Bitcoin?
All right let me break it down for you.
The US government is knows the dollar is on the brink of collapse. And they know they will lose out big if another global currency rises up to take its place. So they have the media hyping bitcoin to get as many people invested into it as possible. Bitconnect is a ponzi. That we all know. But it is also a false flag operation orchestrated by the Federal Reserve. Thats why there is ZERO transparency with Bitconnect and seemingly endless money that makes no sense. At the right time of saturation Bitconnect will implode leaving devastation in its wake. Bitcoin will end up being the scapegoat as the reverberations are felt across the US economy. The media will spin the death of the dollar and implosion of the economy on this misunderstood crypto currency i.e. Bitcoin. Think of it as pump and dump to misdirect our attention away from the abysmal handling of our economy for generations not to mention our 21 Trillion debt. This will lead to Government completely overtaking and regulating crypto currency for our "protection" and co-opting blockchain technology to issue the first Gov.Coin, the only approved legal coin of the realm.
I was thinking along similar lines but I just said Bitcoin is going to go shitwards because typing is not my gig - trick is to time milking Litecoin and Etherium now - any thoughts of timing on the next crash?
I think it will be a little while yet...get some more of the fish in the barrel before the sharks begin feeding.
I agree. They can't crash it just yet for the same reason we are not in a bubble yet. Not enough market saturation. We got a year out or more.
Holy fucking shite!!!! But I tend to agree that the banksters and their government mafia puppets aren't going to sit idly by and do nothing about crypto..... although my sense is that some interesting anon coins like monero will do very well in this scenario. Thanks for your outlook man. I sure hope you're wrong, and actually everything will be all rainbows and bunnies and ferraris, but that's just the idealistic part of me...the pragmatic me tends towards the cynical.
Hahah that is mostly conspiracy dribble. But like with any technology there exists the opportunity to use it for evil. Government will most certainly try to co-opt what they can because blockchain threatens the power structure.
But they will not be able to kill it in its entirety. Blockchain will thrive despite government and possibly change the world in the process.
I'm serious about Bitconnect though. The fallout from that is gonna suck.