My first #Bitcoin Article "The BloodBath of 2018"
If you’re reading this you probably want to know more about cryptocurrency as the price of bitcoin plummets below $10K, maybe you’re already invested and have contemplated selling and cutting your losses, or holding on for dear life.
For the ones that are HODLING, we are comrades, I commend you. You are apart of what will be one of the biggest wars on centralized banking in the history of the world.
It happened in November 2017, the parade of newly found millionaires, Reddit was more lively than ever, Lamborghinis decorated in crypto logos jetting down miami streets and when watching the market was like or even yet better than watching your favorite team at the Super Bowl. We traded our hashtags for dollar signs, our social life took a dive. Financial growth was only a few satoshis away.
Everyone in the market, with an education, could only see green, then came January like a winter storm it blew in and caused what I will name the “Blood Bath of 2018”.
We went from anxiously watching the market for some daily gains, to watching people lose millions. The traders with the weakest hands went first, the tweets slowed down. We went from “to the moon” to so I have no choice but to hold now.
In light of international regulations, the credit card bans, general bank crackdowns. People of our community have forgotten, that we all knew and saw this was coming. This shouldn’t be a surprise to anyone who is even slightly familiar with the idea and goal behind cryptocurrency and decentralization.
We all have been fighting the good fight, and now more then ever we need to remember that cryptocurrency isn’t all about the Lambos, the hot nerdy chicks, the conferences, the memes, or the ”gainz”.
It is about the decentralization of our banking systems across the world.
It is about advancing technology so “We the People” have control again. To establish a society governed by rules, not rulers.
It is about being back in control of the financial institutions that were made to assist the people, for the people, by the people.
The credit card ban turned even the steadiest hand a bit weaker, even with peer to peer marketplaces/exchanges accepting FIAT(Cash) for BTC and Dash for instances Wall of Coins (WALLOFCOINS.COM), which allows the buyer to purchase BTC by just going to a payment destination most convenient to them.
We have gotten too comfortable allowing the banks to be involved in our financial well being. Now, that they are beginning to feel threatened, they will do anything and say anything to bring this community down.
If we allow them to do that, then our "revolution" was for nothing. All the energy, the debating, the sleepless hours were all for nothing.
For those that could care less, we bid you farewell. This is not just some gambling vacation there is the technology, energy, and people behind cryptocurrency that can and will change the financial world as we know it.
I wrote this article because, if you’re still panicking rest assured as the events occur it reminds me of a quote by Gandhi: "First they ignore you, then they laugh at you, then they fight you, then you win".
Now, the fight has begun for the comrades who are still in it for the long haul, I will see you at the end, my dear friend.
Let us all remember, why the technology is so important in the first place because from the looks of it several us have forgotten.
Written By: Sarah M. & Eric P.
Reminder: HOLD ON FOR DEAR LIFE
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