Is there a chance Gary Gensler will give us a Tuesday the 13th?

in Steem Alliance7 months ago

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Hello friends, before starting the publication I wanted to remember that on a day like today but 15 years ago in 2008 someone named Satoshi Nakamoto mentioned the following: I have been working on a new electronic money system that is totally peer-to-peer without trusted third parties and indeed today it is It's been 15 years since Satoshi shared the bitcoin white paper with a decentralized system capable of facilitating peer-to-peer transactions. To achieve this, he proposed the network of nodes with proof-of-work mechanisms, which is the same thing we use to this day and was launched. just two months later on January 3, 2009 and just in May 2010 another historic day for the blockchain ecosystem.

We can say that the first real-world transaction was made when the two most expensive pizzas in history were purchased for 10,000 bitcoins. Of course, at that time, 10,000 bitcoins were worth practically nothing, but well, you'll see today my friends. Friends sometimes remind me of when I sold 25 bitcoins for $40 each and at that time I thought I had made the best deal of my life, but since then and over the years I have learned that the best investment is to hold.

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Departing from the topic I was talking about for a bit, I thought it was appropriate to close the month with an opinion article about something that has been making noise in my mind for a while and I wanted to share it with you. You didn't start to think that all this is happening. now with bitcoin it could be a trap by the president of the SEC Gary gensler, if we think carefully because it has total coherence bitcoin was hovering around 26,000 27,000 dollars Even in previous months during the year we managed to see it at 25,000 this rise that remains close to $35,000 now It represents 68% growth in the last 12 months according to Coinmarketcap with the largest rebound in recent days which caused 27% so far in a let's say 30 day time frame.

Now the issue here is that this generates fomo in investors, no one wants to be left out, they feel like they are going to miss out on the opportunity of a lifetime because bitcoin is going to the moon once again and motivated by whom precisely because of the approval of spot ETFs. bitcoin the expectation rises the price rises and many are taking advantage to take profits. But what would happen if everything were a gensler strategy waiting until the last moment to reject all the ETFs at the same time with any kind of excuse, I can assure you that we would see a movement identical to a crash that would pull these striking 35,000 to less than 20,000 but without any doubt and what would this cause in a certain group of investors frustration and rejection towards cryptocurrencies to feel that they are always being manipulated either by the government or by the whales that the rules of the game change all the time that perhaps they have no future.

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So there is no better method to discourage something than to make people lose money. Imagine buying your bitcoins for the first time now at $35,000. How would you feel if you cancel the ETFs and the price suddenly drops 30 or 40%? Probably the same thing you felt. those who bought at $69,000 at the all-time high and left the market perhaps forever, it is true that there is more and more talk that approval is imminent and I hope so because we want to see bitcoin succeed but the possibility that Gary gensler don't date a tuesday the 13th still exists and that is the fear that many have me so today I would love to read your comments on this particular topic to get your opinions.

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Post written by @joeljaimes1982
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Good publication friend, yes 15 years ago today, on a day like today, bitcoin was launched on the crypto currency market.... And it has been a success, I remember that news that they bought 2 pizzas for the exchange of 10,000 bitcoin today that is a immense fortune... and I agree the best way to invest is to be patient...

and I agree the best way to invest is to be patient...

If you have patience, since many of us fall into despair to see our investment fall and therefore we tend to sell early what causes us loss, there is a saying that says invest what you are willing to lose.

 7 months ago 

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