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RE: Is crypto space MATURE ENOUGH for another BULL RUN? Let me share my concerns ...

in Project HOPE4 years ago (edited)

For a moment, I did thought of watching the video first, but decided to continue reading, finished the piece and reply before I go and watch it. This way, I will reply with my first impression on Piotr view rather than influence by Moss video.

I had some early experience in faucet mining. Back then where miners are trying to get rid of their "worthless" BITCOINS so they came up with an advertising APP, where users can play with their phone by hitting the touch screen where a miracle worker trying to scrape the wall, some coins getting extracted. Animation is super attractive, the sound effect is fun too, like playing a real computer games. At the same time, the advertisement playing at a special frame on the game screen. After X amount of advertisement streaming time, certain amount of coins credited to your crypto wallet, and it can be exchanged with "worthless" BITCOINS. One of my colleague broke his 3GS, banked 26BTC and sold it off for like couple of hundred which can't even fix the phone he broke 😂

It was a fun story wasn't it? All I'm trying to say is, that era has came, and gone. Whoever choose to "come in" to the bitcoin world, are purely on speculative reason. And when it losses it real intention for usage, hodling automatically became a speculative model. At this point of time, any kind of "investors" that decide to join crypto world by buying BTC is not because they have a purpose to use it, that's because the sole purpose is buy low sell high.

Bitcoin has came to a position where it achieve its real intended of existence. It is now a real digital assets that people will weight it with American dollar. Given any country, when disaster struck, either they dump their own currency, buy BTC and leave the country, or they sell their BTC and try to survive with a small fortune with their devalued local currency. BTC had become a digital gold. Just like gold, will you buy grams after grams, ounces over ounces of gold or gold bar with cash, and store it? If yes, good for you. You are a real investor, that you believe over a period of time, these gold bar will preserve value. But if war breaks out, or a huge economic downturn happen in the country like Venezuela, any coin is better than their own Bolívar, not to mention BTC is the best coin but too "expensive" to own.

Before I end my comment, I still haven't really answer is crypto world ready for the next bull run? It will, when it's ready. The other way round if not. Will I or will I not buy? Frankly, I will not save money to buy these asset no more because it's "too expensive" for me to buy in. But, I don't mind to faucet mine, like doing a job and getting paid in digital assets and exchangeable with BTC. Bull run or not, it's not up to us to worry and we can't do anything to protect it from being attack by the real life authorities.

Who knows, the entire BTC realm were created by the super powers themselves? Rockefeller's? McCormick's? You and I sitting here thinking the world finally came up with something brilliant that will defeat the banking system, who knows this is what the bank came up with, to create an illusion for the public to push their money into the BTC hole instead of the bank? 😂 I'm just sayin. Peace ✌️

[WhereIn Android] (http://www.wherein.io)

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 4 years ago 

I've just noticed that I've never actually thanked you for this amazing comment @davidke20

BIG THX buddy! :)

(comment upvoted already)

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