As soon as I began my research I realized one major thing, I had to separate the old news from the new news! And for some reason there was this huge gap with no news. Well once I was able to figure that out and sort through the information, I ended up with 3 stages of Bitcoin news. Early adoption, Mt. GOX, and then current/present.
The early adoption news and articles all surrounded the dark web, terrorism, money laundering and and whole bunch of unanswered questions that made the average person run for the hills. In my honest opinion, back then if you bought in on Bitcoin, you were either very involved in blockchain tech, with a great understanding of what this tech was and how it could change things, you were involved in some type of activity that did not allow for fiat dollars, i.e. silk road or even as simple as PartyPoker, or lastly you are one ballsy investor who is willing to bet into almost anything to possibly get rich one day.
The Mt. GOX era news was of course surrounding the rise and then dramatic fall after the "hack" of Mt. Gox. however, also could be found some articles of Bitcoin usage beyond that of just the illegal and nefarious. However, the technology was still so new and complex that you needed a coder to translate. Oh yeah and who is the creator of this "bitcoin" and the fairy tale for adults is also born.
Then comes the third and final, which I'm labeling today/current as we have not yet had any major event to label this era of Crypto boom. Maybe it will be called the Coinbase era (will create a post on my observations on Coinbase and possible market manipulation), maybe this is the "Flipening" where we see ETH over take BTC and the top market-cap list. Not sure yet, but one thing is clear this time, BTC and blockchain tech are here to stay.
100 Billion dollar market cap, Crypto currency debit cards and ATM's, Global websites accepting it as currency, governments creating laws and regulations, Big Business and Corporate money funneling to the space, traders and platforms, apps, and so many other good positive reasons why I was convinced it wasn't gonna just disappear. Then you have the negative reasons...no faith in FIAT, corruption and manipulation of FIAT, Hackers and ransomware, ability to move and hold autonomously and anonymously(could also be a positive), and a host of other shady things that are happening in this space do to its decentralized deregulated nature.
If you are reading this today and you are considering jumping into the crypto space, I challenge you to ask yourself this question. Will this technology be around in 2-5 or even 10 years? Is there any utility or need for this technology? If you answered yes to these questions, then how could you not BUY IN???
The more you jump into this space, the more you hear about the new and exciting projects out there, the more you HODL and watch the value grow the more you get pulled in. I went from making a small investment onece I felt like I understood the basics, to being a CryptoManiac.
