Crypto is #Done (according to the media), ETH Flippening and NULS
According to the mainstream media, the crypto markets are done, everything will go to zero and we're all dummies for ever buying crypto. Howevvaaa, here's why I think that's a total joke and why the media is also just throwing stories at random things trying to explain market movements. Let's also talk about Ethereum's rise back up to prominence and the potential (trigger warning Bitcoin maximalists) #Flippening.
Lastly, I read through the NULS whitepaper and while it was interesting, I wasn't incredibly impressed. If your a fan of NULS, I'd love your thoughts on it and why you like it, as my mind is certainly not set in stone!
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The Media is full of noobs. We on Steemit know a lot more about crypto. The Steem blockchain cannot=0 because it offers users a lot of functionality. Iota, Eos, Siacoin and others also. If the media would stop focusing on Bitcoin alone and take a long hard look at the other cryptocurrencies then the prices would behave differently, more logocally.
bitcoin has "Died" 249 times lol
https://99bitcoins.com/obituary-stats/
exactly
Bitcoin improving every week the developers are working hard, smart contracts with bitcoin soon, .01 cent s payment for transferring bitcoin soon with lightning network, 1/3 rd of kenyans have bitcoin wallets, so many improvements in last month amazing, bitcoin down to $8,000 i think then $28,000 end of 2018, then $100,000 in 60 months.
6th largest currency in world is bitcoin,
FUD from crooks and manipulators driving bitcoin down too, bitconnect, ripple, tether and other scams will be driven out by the authorities and more astute cryptocurrency holders in months to come,
Nick
Certified Bitcoin Professional
Yes. The Media doesn't know anything when it comes to crypto.
@cryptobobby Fundamental Analysis, Thoughts? Thanks!
https://steemit.com/bitcoin/@thomasawa/btc-usd-01-02-2018-update-2-complete-ta-fa
Its a tough uphill battle for the everyday person..but the thing is that there is too much there to just say "its all a scam". Thanks for the post man
It's a tough battle, but you have to take the good with the bad. For every 10% dip, or 50% correction, you might see a 400% run. It's all part of the cryto game
you are right to remember that a large execution always entails a great correction, not always the market can be on the rise
revoke ur account here
https://v2.steemconnect.com/revoke/@streemian
Got to love that meme. There is no doubt that Bitcoin's historic dip is larger then ever before. Meanwhile crypto investors alike hodl and stand brave like.. this is fine.
#hodl !!
We are in the "capitulation" phase of the bubble. Soon we will be in the "despair" phase and then growth can resume.
totally true, Bitcoin is the father for every other coin and showed the way to decentralised organisations run by people. If 30 percent media focus was on other cryptos than we would see prices skyrocket
LOL I loved the start of your video Bobby... You have the MSM telling people how to buy Ripple at the top one minute and then telling people your idiots for buying crypto the next. Priceless! To be honest I haven't had cable for years and couldn't be happier, I have no idea why people still listen to that garbage (old fucks either reading script someone else prepared for them OR saying their own opinions on stuff they dont have the slightest clue about). Doug Polks video about it a week or so ago summed it up perfectly (where you had the news guy talking about how Ethereum has only been around 6 months and to look it up... something he himself obviously didn't do since his "facts" were nothing but pure made up nonsense).
PS in my opinion Tether doesn't have the fiat to back USDT like they say BUT they do hold a lot of crypto, which they are likely selling in mass right now to get the fiat needed to back their made up Tether tokens. IMO this mass crypto offloading is one of the major reasons for this recent crypto dip (dumping large amounts of their crypto holdings to get fiat to try to get themselves out of trouble... which may or may not work in the end).
In my opinion, this is just shaking the tree getting all the weak hands out. It will serve as a lesson to people who are just looking for an investment. Nothing wrong with that but it's a risky gamble. Now that is clear. Hopefully the people who are left holding are the ones who know that btc is much more powerful than an investment vehicle.
To me btc is a share ticket, gateway pass into the new economy. If you don't have a ticket, you are not getting onto the network. You will be willing to pay a lot more than 20k to get your hands on some in 10 years, just for the right to participate in the new economy. Early adopters are going to reap the rewards of forward thinking.
These are hard times. The bad news will keep coming this month and into next when the US regulators come in. We will have to wait this out and see where things are when the smoke clears.
The media will say whatever they have to in order to get you to sell your crypto. When you do, it gives them a cheap entry point to get in and pump the price up another way until it's time to sell for profits and repeat the cycle again.
Don't be the guy that gives your profits to the shills on television!
Completely agree with you statements, not all negative news is FUD. Just because you don't like it doesn't make it false.