When Bitcoin emerged I was a Forex trader,I watched closely as it grew and grew, After battling the big banks, the collusion and manipulation of Forex market and getting out with a nice profit I saw many new currencies emerging in the crypto world. I found a portal in to a new trading position. And one where I in fact did not need to spend any money to get involved. The ability to mine and other handy portals make getting into crypto very easy. So I jumped in while I could.
I have a hope bitcoin will succeed, but with every passing month I see this shining hope dissipate away with unsupported development plans, unknowledgeable trading methods, no creation of demand and more and more coin dumping businesses jumping on board every day. What bitcoin needs is high dollar long term investors, and it can not get those, because it has pressured and concentrated so hard on picking up business to utilize the coin,they did not evaluate the situation before making this decision. Picking up companies like Dell and other large manufactures may seem AWESOME to most people but it in fact hurts Bitcoins value, Dell pays for thier manufacturing products with Fiat, they pay for the labor with Fiat so when a company like dell picks up the use of Bitcoins it does not create a demand but rather give kids who already have bitcoin a way to spend them. then in turn Dell has no choice but to dump them every 2 weeks. That with the mines out there, and you have a huge dumping game. the only thing securing the value of bitcoins right now is the tradable market, without a real demand Bitcoin will go back down to 20 dollars a coin and stay there. Just look at the charts since we got Dell, it lowers in value every 2 weeks, started at over 640 dollars, dropped to 620, then 600 then 580 then 540 then 500 now we are resting securely in the 477 range, next week it will be 460 to 450 and it will continue this decline until 1 of 2 things happens, either we get some high dollar investors, (which is not going to happen) or the developers of Bitcoin get off their ass and make a true demand for their coin, because a currency that has a value based strictly on trading, has no true value at all.
ADDITIONAL NOTE FOR BITCOIN DEVELOPERS: (in hopes they read this stuff HAHA)
Stop playing this "Bitcoin is in its infancy"
Heres a little common sense for you, bitcoins is 5 years old right, ask yourself is a 5 year old child an infant? no it is not, a 5 year old child is exactly what its parents have made it, if that child is smart and developed child its because the parents did their job correctly, if the 5 year old can not read or write, does not know thier colors or numbers, its because the parents failed at their job to develop their child into an intelligent being. Bitcoin Developers you are the parents, Bitcoin is your child, ask yourself is bitcoin a well developed child?? Allow me to answer NO it is not, it is not strong, it is not independent, it has no demand, you are failing at your jobs as parents. Wake up before you child no longer exists.
Took my time to read this