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Don't be fooled: Investing in derivatives is not investing in Bitcoin.

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@nirvana3003
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It is a reality, Bitcoin (BTC) has become the greatest object of desire of the 21st century, just as gold was in previous centuries. Today, children, young adults and the elderly know about this cryptocurrency, own wallets and speak knowledgeably about this largest of virtual currencies, even BTC tops the list of Google searches, much more than any celebrity in the world.

Every day, every minute and every second that passes something is written or published about Bitcoin on the internet, its price is one of the things that most obsess the world at the moment, as if it were a collective madness around candlestick charts, red numbers, green numbers and countless ICO projects or tokens that flood the financial life of humanity at this time. Image from crypto Economy Taking advantage of the popularity of BTC, some financial institutions offer various products among their investment offerings in order to attract unsuspecting customers, those eager to increase their profits by taking advantage of the financial locomotive that represents the Bitcoin. Cryptocurrency investment funds are springing up in the world like flowers in spring, but don't be fooled: investing in these products is not the same as investing in the main virtual currency.

First of all, companies like BlackRock (the one that attracts the most assets in the world) the only thing that interests them in this cryptocurrency is its capacity to integrate new clients to their business schemes, especially those with a lot of fiat money (millionaires, companies, pension funds, among others). On the other hand, this type of offers only pretend to attract money to acquire Bitcoins, however, the virtual currencies would not be property of the client but of the company.

It is simple, you give your fiat money to this kind of companies, they give them a document stating that you are the owner of a wallet, in effect with a number of cryptocurrencies, however they are the owners of the keys, not you, therefore they are the real masters of the Bitcoin and you will only be entitled to receive dollars (fiat money).

Suppose you want to withdraw your bitcoin investment to move it to another wallet, you will be prevented by the fact that the company will not allow you to do so, remember, they own the keys while you simply own a piece of paper. This methodology is the one that these same companies apply with gold, they get their hands on the metal, they attract unwary people who believe they own it but in reality all they have is worthless money,

It is simple, through the issuance of derivatives, the investment companies intend to manipulate the BTC market to somehow integrate it into that great global Ponzi scheme that is the fiat model with the dollar at the head. Let's remember that the BTC by its constitution does not count (fortunately) with a central power that issues coins at will, there are only 21 million of this crypto that will be available for humanity and no more will be issued. As we know, as more BTC are issued, their value will increase (in theory) due to their scarcity and higher demand.

By agreeing to this type of business with cryptocurrencies offered by these investment companies you are helping the richest and most powerful to take over the most valuable financial asset in history in exchange for junk money and they know it. It is the same thing that the Spanish conquistadors did with the American aborigines when in exchange for the gold that the natives wore they gave them little mirrors and colorful stones that were very flashy but worthless.

It may seem like a good idea in the short term but in the long run, you will only receive devalued green paper thanks to this crazy worldwide Ponzi scheme that defines the fiat model. So. Please don't fall into this trap, own your BTC with your own keys, don't fall into this bottomless pit that is the fiat model.

Posted Using LeoFinance Beta