Permit me to vent a little. As I've tried to drum up interest in alternative crypto currencies, Bitquark in particular, what I see happening is a core group of script kiddies out there mining the shit out of every one for short term profits, immediately selling them off for BTC and driving most of them into oblivion. Numerous tools and services are popping up to facilitate this. Now don't get me wrong. Most of them are shitcoins anyway and SHOULD be driven into oblivion. They were created by short sighted script kiddies for the entertainment value only and short term profits. Nothing more. They will disappear and everyone who participated in them at all will dump their holdings and move on.
BTQ is different.
What these kiddies don't see is the big picture. I get really irritated when I see waves of heavy BTQ mining followed by sell-off's driving the BTC value down. I know exactly what that is. Any seasoned investor will tell you, when you've got a commodity that you know will appreciate in value, buy low - sell high. Long term investors, buy low and hold. That's why I not only continue to mine BTQ but also buy it on the open exchanges. When all others have given up their stakes in BTQ for a few uBTC, those of us who do see the big picture will essentially become a bit like the central banks with control over the flow of currency.
Understanding what any currency is and it's role in society as a tool for the exchange of value in one's labor for another's labor, it becomes clear that any crypto that survives this early onslaught will easily compete with the established crypto's, especially if they are technically superior as BTQ is over BTC. However, no currency of any form is of any value to anyone if there is none in circulation. To that end, I will be speaking about it again soon via my YouTube channel and starting to give away some of my holdings to individuals who will sign on to adopting this new form of currency. When people finally understand that BTC is not the only game in town and that crypto currency actually can be a secure way of transacting business, when the dollar tanks and precious metals soar, so too will BTQ.
More to follow........
Z
BTQ is different.
What these kiddies don't see is the big picture. I get really irritated when I see waves of heavy BTQ mining followed by sell-off's driving the BTC value down. I know exactly what that is. Any seasoned investor will tell you, when you've got a commodity that you know will appreciate in value, buy low - sell high. Long term investors, buy low and hold. That's why I not only continue to mine BTQ but also buy it on the open exchanges. When all others have given up their stakes in BTQ for a few uBTC, those of us who do see the big picture will essentially become a bit like the central banks with control over the flow of currency.
Understanding what any currency is and it's role in society as a tool for the exchange of value in one's labor for another's labor, it becomes clear that any crypto that survives this early onslaught will easily compete with the established crypto's, especially if they are technically superior as BTQ is over BTC. However, no currency of any form is of any value to anyone if there is none in circulation. To that end, I will be speaking about it again soon via my YouTube channel and starting to give away some of my holdings to individuals who will sign on to adopting this new form of currency. When people finally understand that BTC is not the only game in town and that crypto currency actually can be a secure way of transacting business, when the dollar tanks and precious metals soar, so too will BTQ.
More to follow........
Z
Very well said Zero!!!
