Why aren’t ALL the positive stories moving Bitcoin price “yet” in 2018 —- THEY are not ready

in #esteem6 years ago

Source: https://www.newsbtc.com/2018/10/06/leading-investor-crypto-news-isnt-a-catalyst-bitcoin-will-bottom-soon/

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Fidelity, Goldman, TD Ameritrade, JP Morgan blockchain, currencies failing etc.....

There are 100 x more positive stories about crypto’s in 2018 vs 2017...without question.

There is more coverage on CNBC , You Tubers and more....

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So what gives? Where is the price movement?

My two cents is THEY know what the next step is for crypto’s ...and it’s the TRANSITION from “old to new” .

If you invest in Silver, you understand and have lived thru “manipulation” of the price via the futures market for years.

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THEY don’t want GOLD /SILVER prices to reflect physical demand and availability.

THEY do not want true price discovery.

WHY — becuase THEY still have the game of “WE print paper money when we want” .

However, this particular fiat currency game is running it’s course. You see what happens when fiat currencies are on thier last leg in Venezuela or Greece or Turkey or other places that all of a sudden see thier currency worth “les” and all goods and foods suffer tremendous INFLATION.

Look at Venezuela inflation. You tell me that the US or any country can live life this way ?

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THEY are protecting the “system” until all components are in place and everything is moving very fast.

THEY want a transition where THEY are in control and benefit, but they might not be able to retain 100% control and the benefits are more spread out.

Either way, you will see the ETF regulations pas, state laws passed, cryptos pay for taxes and prices will soon reflect demand.

You can’t have 21 Million Bitcoin and 1 Billion people wanting to have “one” without tremedous changes in price ...simple supply vs demand.

So there is a large amount of great news. These are all good and necessary steps for a safe transition.

Sort:  

Good time to accumulate more btc

We will look back at this time. It’s history in the making.

You are right my friend. It is inevitable...just a waiting accumulation game

Yes and who wants a flash change and all the chaos it would cause.

More and more control all around us.

There will always be people who want control over others.

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