This has the old time banking cartels shitting their pants. They don't like learning new things. They like crushing new things.
Bitcoin has been teasing governments and paper jockeys (bankers) for over ten years now and they are not pleased. I have a theory that all of our recent troubles in the world, masks included, are part of a plan to make freedom cryptos go away.
When I first discovered the white paper, I noticed that there was no way to stop someone from using this new crypto-coin because it is everywhere and nowhere. Without a CEO of said coin, there is no way to jail him. No way to shut down a company that has no owner. Not possible to shut down the operations center when there is no central building.
The only way to shut this down is to cut off electricity world wide or cut off the internet world wide. Then again - they could eliminate that other currency that allows anyone with a hand to take a hand out.
The Quantum Financial System may be a way to shut down bitcoin and the like. When all purchases are monitored, it makes it impossible to buy or sell crypto coins. Time will tell if I am right about this.
Back in the early teens, 2011, 2012, and 2013, all lesser coins would drop in value as soon as the bull run on bitcoin would start. Everyone would sell their alts in order to get in on the upward bitcoin spike. The reason is simple, it is easier to use crypto to buy crypto. Fiat gateways were few and far between.
As time went on, upward trends in price would were across the board. Suddenly things had changed. All cryptos rose when bitcoin rose, though the lesser coins would hesitate, lag, and then follow the leader. Trading this model was fantastic because when bitcoin started rising quickly, I could take that bitcoin and buy my favorite coins like Dash, Monero, Litecoin, and others that are still cheap, fast, and reliable. Then within a day or two, those smaller coins would follow the bull, and I could convert them back to bitcoin.
This bull run saw alt prices drop as bitcoin shot up. Still possible to make a trade but when the bull runs, people do not generally sell off bitcoin back into Dash or Monero. They will, but it will be when bitcoin turns downward.
It is a good thing that I was away for the holidays. The run past $32,000 today sucked all the air out of the smaller coins, which is very reminiscent of those early days. If I had been using the trading model from the last couple years, my alts would not have risen as normal. It is very strange to see things revert back to the way they were.
Eth did rise with BTC and Litecoin is starting to rise. That could mean that people are starting to take profits from the huge push up. I am starting to get all the usual suspects begging for bitcoin. I try to tell them that it is not wise to buy the spike, but they still flood in with wads of cash and change from between the cushions.
I am seeing signs of hyper-volatile times - either way - it is a twice per decade opportunity. Play it well! Diversify!
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