Death Of Steem, Bitcoin , Etherium and all Cryptocurrencies ? Or The Ugly Face Of Big Government
Cryptocurrencies are continuously losing their periods (massively )due to bad news from The Chinese Government :stopping ICOs , shutting down domestic crypto exchanges plus JPMorgan CEO Jamie Dimon adding fuel to the already volatile fire by saying that bitcoin is a 'fraud' that will eventually blow up: "It's worse than tulip bulbs. It won't end well. Someone is going to get killed," see link. The reality, however, lies on these entities including The United States government (secretly in panic mode) fearing the heck out of what Steem, Bitcoin and blockchain technology as a whole stand for : mass freedom from central banks and their massive control and robber through taxation and censorships . Is this time to sell and run for your life or an opportunity to get some top coins? Here are some points to note:
Time to buy Great Coins especially Steem: Steem is one of the best coins for future value ( see my older posts for reasons) and for those of us who want to make a great investment, this is the time to change your fiat for steem and power it up because as I indicated in my older posts, steem is highly undervalued and its true value will start to be visible from next year.
Banks In Panic Mode: Many banks are secretly in panic mode due to the superior blockchain technology and people realizing that they can transact faster , safer and cheaper, hold and make huge profits with cryptocurrencies than holding their money in banks and getting practically nothing (even paying monthly fees)-hence the need for Jamie Dimon to come and talk nonsense about their greatest fear bitcoin in order for weak people to lose confidence leading to panic sell.
Government in state of fear: The most control freak governments in the world ie The Chinese Government and United States Government whose national debt soars past 20Trillion USD according to an article in Washington times see link are in panic mode and will do anything to stop crypto currencies popularity because of fear of losing control of their citizens via decline of banks, credit cards and taxation. These governments will do anything to compromise cryptocurrencies in order to take back control-however it is time for us to say no and continue investing in top coins especially steem , bitcoin and etherium (including EOS and Bitshares which are currently very cheap)
Conclusion : The power belongs to us : In reality, governments and their central banks cronies are servants of the people. Therefore we should unite in support of blockchain technology and even make it better through innovation and design thinking strategies. Moreover, If we stand firm and stop all these panic selling (which can result in huge loss of investments) rather use fiat to buy more top crpytocurrencies like steem and power up -including building a decentralized ecosystem : internet and exchange and make our ecosystem successful through our support, then we will start seeing our power and wealth coming back to us and those haters will give up the ghost!!!
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totally agree as always ... this is real time to buy and power up seem! thanks for the confidence booste... @charles1
upped....
You are welcome
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welcome
For me, I think this is the best time to buy.
Good point, did you hear that China has stopped bitcoin exchanges today? price might fall again if news spread
@blueorgy , I hope that you concur
Hi @charles1, I see you have mentioned me.
This is automatic response so that I may respond to your mention later.
welcome
Excellent analysis! I agree steem is a good place to park ones fiat currency. I've put close to $2,000 of my own money here in 6 weeks.
I've also been buying small increments of BTC & ETH this week with my most recent purchase this morning (and my largest of the week). I've been converting some of the btc and ETH I've bought at a bit higher prices earlier this week into STEEM.
Thinking to myself why have I not followed you yet? I just changed that. Upvoted as well. Have a great day.
My buddy buy @cryptokeepr thanks for your comment and you are on the right track to being very rich in few years time see my former posts on steem and steemit real value including this link
https://steemit.com/investing/@charles1/why-you-should-stop-powering-down-and-rather-buy-more-steem-nowormer
Great that we will stay in touch...keep steeming to more success.
I agree completely @charles1.
There is no reason to sell. This is a simple case of age old tactics being used. When an entity fears something, this is the process:
We see this over and over whether it is a person who is marginalized before being fired, an entity, or a technology.
The fact is that is crypto/blockchain wasnt a threat, there would be no conversation about it. Do you hear the banksters or regulators talking about Continentals? That is an alternative currency that could take on the USD if people chose it. But there isnt a word about it since it is no threat. BTC and others are.
As for your statement about the government and banks being there for us, I do disagree. They established a system where the banks run the show including the governments. Since they control the currency they can buy the politicians, lobbyists, media, and other corporations. They own it all. Crypto is what is allowing us to take it back. Owning coins means we are not beholden to their devaluing of the currency.
Buy and hodl is my view on BTC, LTC, and Steem. I have some ETH but am waffling on that a bit.
Thanks as always for the post.
Good point @taskmaster4450 I agree with you except the section that you indicated that I said that governments and banks are there for us... Thanks for your comment, good points.
You are welcome Charles. These are all points that warrant discussion and we need to keep shining light on them. There is now an opportunity to break away from the oppressors that enslaved humanity for their profit the last 100+ years. We see the backlash against bitcoin...this tells me they are scared....they see their apple card getting turned on end.
And we are happy to help push it over.
Absolutely we will take back power from the few cntrolling us for centuries...guess you are a crpto guy isnt it? keep steeming
Yes I have some crypto...although I am more a technologist...I see many technologies starting to free mankind. The Internet was the first mechanism that offer all people a voice although the elites figured out how to silo it off and control that. Now the next stage of the internet will be breaking away from those entities that put up the silos and take back that control. This will simultaneously break away from the fiat control system if for no other reason it offers us a choice.
wow great point I agree with you. What is your take on ICO? which one are your future top ICO´s
ICOs are a great thing...a wonderful way to make big money....and to lose all you put in. It is a shooting gallery in my opinion...a lot of crap out there. It is akin to the penny stock world...lots of good stories but nothing.
I dont play the ICO game too much....it is more risk than I prefer. I will give up some at the beginning to see an entity to start to produce. Prices often will drift back anyway due to overhype and excitement.
Good point, however some people make a lot of money through joining early and doing a good due dilligence on the company. However I agree wth you-some are scams isnit it?
This really is the beginning of the struggle between the Old Guard and the New Disruptive Order. The upset of what WAS by what WILL BE. We've seen it hundreds of times throughout history.
What starts out as ignoring turns to mocking. Mocking then becomes dismissal. Finally, once the new idea takes firm root, the established order commits to an all-out attack to defend their interests and to destroy the challenger.
While cryptocurrencies may endure a rocky road for a time, it is hard to see how they will be completely undone. The power of currency rests in the confidence of its users; the faith people have in the issuer. The greater number of people that discover the safety, security, and ease of use of Bitcoin, Steem, and other established currencies, the more likely they survive.
Good point, you are correct. Its time for any others to think you you...thanks for your comment
Didn't I read somewhere that a bank started it's own cryptocurrency? I'm sure lots are scared but still more might be looking for ways to capitalise on it/screw people over even further. Great post.
Good point @catonwheels . Banks can start their own crypto in order to continue their scam isnt it? he the people, however, have right to make our choice-isnt it?
This is exactly right! this is the time to stand up for our right and its high time we stopped going along with the government ideology.
Good point, thanks for your comment
@fury123 very good comment... now is time to call their bluff and keep investing in crypto...
When lobby are scared by something, it's the case to think about it..