It belongs here, not the speculation section.I was always selling during this fake pump (you really never know when it ends) and will be more as it goes up and I'm not re-buying later even if price goes below $200. I won't regret even if it goes above $1000 someday when I sold two times cheaper. I think it was the last big pump we could ever see.
Someone might say that "I lost faith" but there should be no faith, common sense should be. Let's be frankly. Banks/governments will never use Bitcoin. Instead they will create
own scalable blockchains. Normal people will never use Bitcoin. They simply don't need it. This means that bitcoin won't go mainstream and price won't get that high.
Just think how the US government/JP Morgan/BoFA will adapt a currency which majority of emission is held by some kids and cryptopunks. Also 1/21 of coins is held by some anon who calls himself "Satoshi". This is no serious. This is fucking ridiculous.
Comparing bitcoin capitalization with gold's is fucking ridiculous, too. Gold has got history of thousands of years and a lot of
applications. Meanwhile Bitcoin is just a virtual asset that's been known for about 7 years and has got very poor applications. What is worse is that bitcoin is not really scalable.
Again. Comparing bitcoin capitalization with facebook's is even more ridiculous. Facebook is a large company that connects the entire planet. Holding Facebook stocks generates
huge revenues. Meanwhile BTC is just a speculative virtual asset. Not scalable. Old. Always bloating. Not stable. It's even
not decentralized!
Also, such a risk as banning Bitcoin in many countries must be considered. First of all, in China. Chinese government is a totalitarian one and they will finally ban bitcoin if it becomes a problem for them. Just like here,
in Russia. European Union will likely ban using of bitcoin someday "to
stop ISIS/terrorism financing". The US is not the world. The rest are weak/poor/small countries.
What about the upcoming block halving - price went down when the Litecoin halving happened. Expect the same when the Bitcoin's happens. Don't put into this hype or you will most likely be eaten by whales.
This all doesn't mean the whole crypto scene is doomed. No, absolutely not. I'm sure we will see new much better truly decentralized applications in the near future that will dominate/replace bitcoin. And not just bitcoin.
TLDR: Sell out your BTC; don't rebuy it. Invest in other blockchains. Also, don't get fooled by
the "hodl" propaganda that makes you never get a profit while whales do because
YOU buy&hold.
Big hate for bitcoin "argued" intelligently with true facts (chooses accurately) and interpreted like the OP like and think. Lets take the case of possible the ban of bitcoin of China. Which are the facts? We have a regulation which give total freedom to everyone to do what he/she want with bitcoin. Total freedom. But total "black out" about it for the formal financial institutions. Two extremes which make to do every kind of interpretation regarding the future of bitcoin in this country. OP don't give data about this conviction of the ban of bitcoin in China (like do with two other entities after). Why? Because probably in that time were not news which give to him arguments about this desire. But recently (20 January) we have a hymn of Central Bank of China (formal one) about the peer to peer and the cryptoworld. Can be this news risky for bitcoin? No one can known. But cannot be told for sure that is not a bad one. But I am sure that for OP this is a sure fact that bitcoin will be banned. With this kind of logic is full all his post. I have only one curiosity. From where come all this hate for bitcoin? "He" don't want nothing. Don't force no one to accept it, have no owner who assure to "him" the needed food to "live" - everything made by him himself and its followers. Why this hate?
