If Bitcoin Fails We Will Own Nothing And We Won't Be Happy About That
It's hard to figure out right now how much physical Bitcoin is being sold during the continual dumps and how much leverage trading is screwing the price, one thing is sure though... exchanges profit both ways. I am not into leverage trading and wouldn't advise anyone do it.
Too risky. It's impossible to always time the market and do that by playing "inside the house" with the house chips.
Bitcoin(blockchain technology) was created for the purpose of becoming a saving hand sort to speak that would drag us out of the constricting hell is about to be unleashed, not to leverage trade it and speculate it like many are doing right now. It's like speculating on your freedom the way I see it, you one day sell it and the other hope to buy it back cheaper.
At one point we won't be able to buy that freedom back at the desired prices. I don't have any data about whales and their behavior lately, but I have a feeling these are accumulating more than selling while retail doing the opposite.
Every Bitcoin sold to institutions is a Bitcoin lost forever and a freedom ticket broken into pieces.
If you pay close enough attention to what's happening in the world right now you will notice that the governing powers are centralizing the power and control harder and harder with each passing year. There's talks of CBDCs springing from all parts of the world and these CBDCs are going to become true realities at some point.
That's when it will be hard to escape the system and start chasing for alternatives. In this regard what El Salvador is doing is life changing. I know that they bought Bitcoin all the way up but at the same time they've also decoupled from the dollar slavery they once were fully in, through the acceptance of Bitcoin as an alternative currency.
The future is decentralized, but is it really like that?
CBDCs doesn't sound decentralized to me... Meta neither and so other centralized companies sticking their noses in this industry. That's why I emphasize that much on using crypto more than just HODLing. Simply holding crypto for ages and not doing anything with it is not helping the industry.
When you spend you also work more towards creating at least the amount you've spent and you're also using the damn tech. Anyway, aside from the price of Bitcoin continually falling I'm also worried about these CBDCs that are about to emerge and about these folks that refuse to see crypto as it is and instead just keep on speculating on it.
If we would use crypto more than speculate on it, it would probably decouple from responding to every move and fear that other markets are sending to it. During the challenging times we're living in the world right now I feel like crypto could be a safe heaven indeed, instead of a risk asset to dump any day we have fear spread by the media...
If Bitcoin fails its purpose, we're gonna fail as a free society as well. Klaus Schwab would love seeing that, thus many should think of that before dumping entire portfolios based on fear and engaging in so much leverage trading, getting rekt most of the times. Wish you all a great Monday and see you to the next post.
Thanks for attention, Adrian
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