Bitcoin, What The FUD!

Lately, we are hearing a lot of negativity about Bitcoin — not good for the environment, it’s a bubble, it’s useless, etc. But is this really true? Who is promoting this narrative? Is someone secretly manipulating the market?

Think about this: Who is going to suffer most from Bitcoin’s success?

Trying to answer this question will throw some clues as to who is behind the manipulation.

The financial industry is in turmoil. Not only do they have to deal with the aftermath of the Covid-19, loss of business, and a stagnant economy, but also, for the first time in history, they have competition.

Decentralized Finance is cheaper, faster, and more reliable. Banks can’t compete and they know it, so their last chance is to use fear, lies, and false accusations in order to postpone the inevitable.

They’ve seen what happened to the retail industry with Amazon, to the taxi industry with Uber, and to the entertainment industry with Netflix.

They don’t want to be next.

Politicians are scared too. They have a tight grip on the financial system through the central banks and they don’t want to lose their monopoly over Fiat currencies. There is too much at stake.

A currency not controlled by the government is a huge threat to the status quo and they’ll do anything to destroy it. But what can they do?

Not a lot.

Bitcoin was created precisely with this end in mind. The system is decentralized by design so it can’t be shut off by anyone. Not the US government, not China, and not even Satoshi Nakamoto. There is no off-switch.

They have to resort to fear, propaganda, and narrative in order to scare the public and delay the inevitable.

But the public is not stupid, they can see right through it. The system is very transparent and it’s easy to find out who’s behind what. The days of believing the official narrative are over.

The whales have a different objective. The JP Morgans, the Morgan Stanleys, and the Goldman Sachs are seeing wealth migrating from their home base — Wall Street — to more exotic places like the crypto ecosystem.

They can’t allow this, there is too much at stake. But they can’t stop it either, so they have decided to join in.

But of course, they won’t just buy at the market rate, that’s for poor people. They want a discount. And this can only be achieved by manipulating the market. With just $10 million and using 10x leverage, anyone can manipulate a market like Bitcoin by selling short, making the price drop 30%, and then pump it again with a buy order.

In this process, the small hands capitulate and sell their coins because they think it is the end. The Whales do this in order to profit from the price difference between selling and buying but also because there is a limited supply of coins in the exchanges and unless people sell, they have nothing to buy.

That’s exactly what happened 2 days ago (5/18/21) when the price dropped to $33,000 and then back up to $42,000. I believe today it’s happening again. As I’m writing these lines BTC is down 10% and some rumors predict that the whales are dumping until they annihilate stop losses and margin calls so they can buy cheap. We’ll see.

You are David, they are Goliath. You are swift, flexible, and nifty. By the time they begin to react, you are already home dry with your coins in your pocket. If you play your cards right there is nothing they can do.

Don’t believe the propaganda, the bad news, the regulations. None of that can affect Bitcoin in the long run. This is an antifragile asset and the more they attack it, the stronger it becomes.

They want your coins badly but they can’t take them away from you unless you hand them over voluntarily. They are slow, you are quick. Unless they manage to scare you with empty threats, they don’t stand a chance.

Some people are weak and will comply, they are not cut out for this. That’s what they want, obedient citizens that won’t challenge a corrupt and obsolete system that’s designed to milk them dry.

But you’ve had enough. Enough of paying tax through the nose, enough of corrupt bankers that only help themselves, enough of central banks that all they do is printing money, and enough of useless politicians that are there only to service the wealthy.

Up until now, there wasn’t much you could do. It was you, little John against the beast. Now, with the introduction of this new arena, you have a fighting chance. They weren’t expecting this and have been caught with their pants down. And the great thing is, this market can’t be manipulated as easily as wall street. Sure, they can move the price temporarily but that’s all. They are playing away, and they don’t even know the rules.

Crypto is the biggest opportunity in human history to transfer wealth from the rich to the poor. This window opportunity is open now and will last for a few more years. After that, it’ll be too late.

Are you ready for it?

Do you have what it takes?

Can you challenge the status quo, overcome fear and take the plunge?

Opportunities like this don’t come twice. If you don’t take this chance, you’ll remain poor for life. We often regret what we haven’t done more than what we have done. Will you have any regrets in a couple of years?

I know my words sound like FOMO but that’s not really my intention. For the first time, I can see the world in a transparent, clear way. I’ve never really understood what was going on behind the scenes but now it’s become far too obvious.

I could be wrong, who knows, but I’d be very surprised if this doesn’t play out exactly the way I’m describing.

Banks are losing control, governments are losing power, nations are losing credibility and the only safe haven seems to be crypto. Can you think of any other place to put your money safely? I can’t.

We will see many changes ahead, many disruptions, and many casualties but one thing is clear; not using this opportunity to build a better world would be a big shame.

Don’t believe the FUD. Crypto has already succeeded and now is threatening to bring down the obsolete, corrupt, and inefficient systems that have made our life hell.

All you have to do is get your 0.1 BTC and never sell it. Wait it out and you’ll emerge with more power, more wealth, and more possibilities you ever thought possible.

So long banks! Farewell Hedge funds! Au revoir Wall Street! Your time is up. We’ll miss your quantitative easing, your toxic assets, and your subprime mortgages.

Thank you for your services. Make sure you shut the door on your way out, and please, don’t take anything that doesn’t belong to you.

Not financial advice.

Source: https://medium.com/coinmonks/bitcoin-what-the-fud-4b1b1aa131c5?source=rss——-8—————–cryptocurrency