What is the biggest threat to speculators in relation to cryptocurrencies?

in #btc2 years ago (edited)

The US government has more than $3 billion worth of Bitcoins seized bit it, which is mind-boggling❗

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⬇️ Who am I❓Just for further contact case. 🤙

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I'm @gastrocrutch, follow me if you are interested in crypto, fintech, travel or gastronomy topics. Official introductory material about me can be found 🔗here, and 🔗 on this link you can read more ℹ️ about the main concept of

✅ Gastro Crutch
and my online marketing service.

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Hello ❤️ dear Steemians ❤️ Today I wanna share with you my 💭 thoughts, in short, about the hell of mainstream around the cryptocurrencies!

Not a day goes by that we don't hear or read about the FTX or other scandals that sensitively affect the fate of gamblers or rather I name it speculators in many cases, in the form of a different media presentation.

What is the mainstream world showing us most of all these days?


A fundamental problem is the conflict between Binance and FTX, as Binance has flooded the market with a large amount of FTX. And so on. The stories are endless.

Oh come on! It's bullshit.
In theory, lawmakers want cryptocurrencies to be regulated to protect people's money value. Either way, it seems that regulation over cryptocurrencies, is actually more important to the deep state running the show behind the scenes than protecting people's wealth. The SEC and its professionals knew exactly about the frauds that caused the domino game to start in the life of several platforms.

Interestingly, they did nothing❗
The relationship between
Sam Bankman-Fried
and
Gary Gensler
is also very interesting.

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So there is no process that actually focuses on protecting people's money.

📣 The basic concept of governments in the colors of „nation states” is to break trust in the Bitcoin protocol❗

What said, Michael Chase, District Asset Forfeiture Coordinator for the Southern District of the New York Marshal's Service❓
„When we seize virtual currency, we’ll hold onto it on our own wallet”

😢 Unfortunately, people tend to measure the value of Bitcoin against fiat currencies. However, cryptocurrencies express their own value, in the value of Bitcoin.

It is clear that Bitcoin is a good investment asset that can replace gold rather, than be a simple cryptocurrency. However, in my opinion, the significance of its value preservation should be evaluated in relation to altcoins that perform useful functions.

The deep state's concept behind of the domino principle


The more platforms built on pilot game foundations fall apart, the more they can take can pull them itself, which ultimately turns the potential investor class (more precisely, speculators) away from the world of Bitcoin.

The 🔗 deep state use the above technique to attack the Bitcoin protocol, but at the same time it emphasizes that it does not classify Bitcoin in the category of shares, like in the case of other altcoins.

Topping up a well-functioning means of payment with a means of payment in which no value can be shown is a completely unnecessary act.

What I mean?


There is no tangible value behind fiat currencies. Since the monetary system operates on a centralized principle, since December 23, 1913, the FED has been cultivating the management of processes in a rather interesting way. (🤔 I'm thinking out loud when I ask which sane representative could have been inside that night, before of
Santa Claus
with one day during the act of lawmaking ? A typical salad law, which is characteristic mainly of those countries where the constitution itself and the sovereignty of the people are already completely separated from each other!
).

There is only one fiat currency that has value behind it, and that is the USD. It has value, because many countries around the world take loans for this, behind which they place their own government bonds as collateral. However, there are real values behind this.

Is it any wonder that companies, businesses and so many people want to get rid of the centralized system of fiat currencies?


💡Did you know that, when China lends fiat currency to a start-up, it doesn't allow those to pay it back in fiat currency, only in performance❓ It's not accident❗

Conclusion


Fiat ➡️ crypto. As I mentioned above, that you top up the crypto, with a fiat currency, that has no value, will not make any value for cryptocurrency.

I express my strong opinion when I say,
the point is the exchange of values and services❗

For my part, this is precisely why I support cryptocurrency projects where the nature of cryptocurrency, the ecosystem, the underlying consensus mechanism, create the possibility of using cryptocurrency for direct payment. I am always looking for criteria such as whether the network costs are low, whether the transactions take place quickly and pleasantly, and so on.

✅ For example, the CRO cryptocurrency or even the STEEM meet these criteria. I try to shape my life in such a way that I get some kind of cryptocurrency benefit from as many places as possible, even if not too much. I always looking for the opportunities to spend directly without converting into fiat currencies.

So why should be speculators fear?


Not because of what the mainstream media presents, but precisely in relevance about of what it was very tight-lipped, and which I tried to highlight in this article.

💭 What will happen to them if everything happens as Michael Chase said, that the confiscated BTC, which they keep in their own wallets, will be sold, but they won't say when?

Take care yourself my friends, and be a part of as many interesting ecosystems as possible, where you can realize your ideas and your efforts will pay off, and where you see an opportunity, if not now, but maybe in the future for direct paying, with cryptocurrency, on a DeFi basis.

I would be happy if you describe your own ideas, plans in the comments of course in the relevance of cryptocurrencies.

😉See you later 👋

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Cryptocurrencies entered our lives very quickly or we humans are far behind this technology on average. For this reason, people were left vulnerable to fraud, misdirection and different perceptions that came into our lives with crypto. The biggest reason for this is that people's relationship with cryptocurrencies is limited to trying to make money by buying and selling only when it rises a little, and their knowledge is limited to hearing the name of the crypto money they buy. Uninformed investors are waiting to be led like sheep. People should be more research and learn better so that if we can support this system by choosing good projects, we can have a little more control as investors.

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