Angry Crypto Rant
Yep, I'm angry. Normally I'm quite level-headed, or at least I like to think so. But lately, living in the crypto-sphere has me wondering: "have we forgotten why we're here?" Yes, prices are down and yes, many of us are hurting, but this is all we seem to care about in the larger crypto-sphere; that's just asking for this experiment to fail.
![d.jpg](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmNYVz8uJLmuJzc6Lg8YVqSFd7zs7hj4N8jymQsQ6QhBCC/d.jpg)
Image by mohamed_hassan - source: Pixabay
"Where's the bottom?" "Will Bitcoin have a bullish reversal?" "Is $3,000 Bitcoin Unavoidable At This Point?" "Bitcoin $3000 or $1800 By December 2018?" "Bitcoin could fall to $1500." "Bitcoin Is Dead? Where's the Bottom?" ... That last one is a one hour Youtube video by Bitcoin-Fund-Manager in which a bottom of $800 is predicted, and trust me on this, his explanation is feasible. On the other hand there's a very small number of videos that go the opposite direction and foresee new highs in the first quarter of 2019.
Why is everyone so focused on the market? All the analysts agree that whatever caused the bear market, it has nothing to do with any earth shattering news on the fundamentals. Nothing has changed in the real world about the need for an alternative to the concentrated money-power that's killing the planet and it's inhabitants right now. Nothing has changed about the fact that Bitcoin has never been hacked; only centralized wallets like exchanges have been hacked. If you don't have control over your own private keys, you don't control your money; using an exchange to store your money is not only unsafe, it shows a fundamental misunderstanding about the decentralized nature of real, honest money. This kind of centralization, this voluntary handing over your money to an institution is exactly what crypto-currencies were a reaction against!!
Exchanges are not only a security risk, they're the domain of traders. The TA profit seekers that publish videos with titles like "How to make money in the bear market"... They gleefully explain how they can do their part in the holy mission to "shake out the weak hands", while simultaneously scoop up their rightful share of the "blood in the street". "First you work for your money, now you can make your money work for you!"... Geez... have they learned NOTHING!?!? The very fact that you believe that money can generate money shows that you haven't understood what all the criticisms against the bank's power to create money out of thin air were about. Money needs to be a representation of value. Adding money is not a problem as long as it's added after some value has been created. Where's the value, the real world value in profiting from blood in the streets? No, don't answer that....
What really breaks my heart is that many of these "this is not financial advice" videos suggest to park your crypto-wealth in Ripple. They know Ripple is a closed and not a distributed blockchain. It's the model that's most threatening to this whole experiment. It's the nightmare that people will adopt a government or bank created private blockchain instead of a public blockchain. Why do you think so many of the established powers say that they LOVE the blockchain technology, but HATE Bitcoin? I see so many crypto enthusiasts who cheer every time some official says they love the blockchain, and misinterpret that as a step in the right direction for mass adoption...
I'll leave it here. Just remember that greed is what got us banks, got us to the point that we need something like Bitcoin and other crypto-currencies, real crypto-currencies; don't let greed kill them. And thank you Jimmy Song; below a rare video with a rare voice of reason amidst the crypto market madness:
Greed and the Crypto Market
Thanks so much for visiting my blog and reading my posts dear reader, I appreciate that a lot :-) If you like my content, please consider leaving a comment, upvote or resteem. I'll be back here tomorrow and sincerely hope you'll join me. Until then, keep steeming!
![wave-13 divider odrau steem](https://steemitimages.com/DQmU6tFLSzDEkxq3xneXTH74gx4vhqbcyurn9NbqxFj8jY5/wave-13.png)
Recent articles you might be interested in:
Thanks for stopping by and reading. If you really liked this content, if you disagree (or if you do agree), please leave a comment. Of course, upvotes, follows, resteems are all greatly appreciated, but nothing brings me and you more growth than sharing our ideas. It's what Steemit is made for!
![wave-13 divider odrau steem](https://steemitimages.com/DQmU6tFLSzDEkxq3xneXTH74gx4vhqbcyurn9NbqxFj8jY5/wave-13.png)
Just for Full Disclosure, I'm invested in these crypto-currencies:
Bitcoin | Litecoin | EOS | OmiseGo | FunFair | KIN | Pillar | DENT | Polymath | XDCE | 0x | Decred | Ethereum | Carmel | XYO
![wave-13 divider odrau steem](https://steemitimages.com/640x0/https://steemitimages.com/DQmU6tFLSzDEkxq3xneXTH74gx4vhqbcyurn9NbqxFj8jY5/wave-13.png)
@helpie is a WITNESS now! So please help @helpie help you by voting for us here!
![Helpie_01.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmVNwKHPnjtaTaunEjoCr1fmyJzgwrrFNKCMYLCLcLWA4e/Helpie_01.png)
It is always good to see someone saying the TRUTH. My !tip
Posted using Partiko Android
Thanks so much for commenting and the support @onealfa! Glad to have you with us! 😊
I have enjoyed watching this video, @zyx066. He is really right raising the greed issue!
I was so glad to find the video after watching all those disillusioned price-analists... You are an @amazingwoman for leaving this response; I really appreciate it! 😍
People get influenced by the news and negativity, nothing has changed and the best is near. :)
Posted using Partiko Android
Keeping my fingers crossed, but not holding my breath 😉
🎁 Hi @zyx066! You have received 0.1 STEEM tip from @onealfa!
Sending tips with @tipU - how to guide :)
People get influenced by the news and negativity, nothing has changed and the best is near. :)
Posted using Partiko Android
Hi @zyx066!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 3.566 which ranks you at #5897 across all Steem accounts.
Your rank has not changed in the last three days.
In our last Algorithmic Curation Round, consisting of 216 contributions, your post is ranked at #59.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server