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RE: Bitcoin Uninvented

in #cryptocurrency6 years ago

I don't think that Bitcoin is going anywhere, but I feel like the fact that so many banks and big finance companies have gotten involved it is making it really hard for BTC to evolve into any real storage of value.

I mean, I really want it to be. But you have these horrible people like Goldman Sachs who foam at the mouth when looking at something like Bitcoin in it's unregulated state.

With a few words, they can send the price crashing, then buy up millions of dollars worth, wait a few days and sell it just to talk trash again. It will be a cash cow for them until they wear out normal investors to the point where everyone is scared to buy any.

I hope that I'm wrong, but who knows what the future holds. What I would like to see is more trading pairs with fiat to detach BTC from every other coin so that prices of great coins (like Steem) are not so adversely affected by the market manipulations.

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until regulation is clear on this we wont see it... some people hate that I even use the word, but tis how tis..