So, you thought it was going to be easy to get to 100K?
We often hear folks discuss the future of blockchain tech and, where it’s possible we might end up but, I hear very few ever mention how tough it is going to be to get there. For ALL OF US associated with, working with, possessing, trading and/or supporting blockchain tech in each their own way – sometimes a bit of ‘realism’ during these bullish or sideways market times can be a bit more effective.
The worlds current banking and financial system, as it’s worked for the past 300 years or so, is loosely based on its ownership/control by a very few individual family/folks. It is a very rarefied and tough world. The Rothschild are the best known/pinnacle family of this cohort. Those of us who would think cryptocurrencies would just ‘pop’ up and be available for any & all next year have little familiarity with this system. Research the details for yourself before coming to a conclusion. It’s probably going to be vicious this year. And very, very profitable
Rotting from the core out:
The world’s Babylonian debt based, fractional reserve lending propagated financial system, is creaking on its final legs at best it seems. During the entire history of currency, fiat currency has proven to be one of the most frangible and temporary of value exchange systems. There have been many of them. It seems the latest scam is the ‘national bank/federal reserve’ privately owned banking ‘system’. Which is owned by the Rothschild, in the main.
- Deustche Banke again seems to be on the verge of collapse- with somewhere north of $1,100 trillion USD – not a number to ignore. Markedly so, as this great lump of Herculean proportion, whence it begins to unwind, will never be able to stop. Sadly, even more these days, if Deustche Bake falls, so shall at least one large US bank, if not significantly more than that.
- There are several large, municipal or state pension systems that are soon due to fail - or in the case of CalPers visibly failing as we speak. Not only in the US – but in many countries of the developed world, as yields rates have plummeted in the past few years.
- Congress has taken so much money out of Social Security that most of us won’t realize a dime from it. The US combined debt is now so large, we collectively [citizens/consumers & government] can barely afford to pay the interest on the note
And that list goes on and on.
Though this system is really rotten to the core most humans are not acclimated to change – it’s a primordial thing. Very few aren’t afraid of change and, that’s who we are following right now.
In fact, Arthur Hayes, CEO of Bitmex, postulates that cryptos and fiat are going to survive concurrently for quite some time due to basic human resistance to change, or in his words, laziness. All this to state: it seems that the folks that do their best to give us great news on blockchain and cryptos [and they really do] might not have paused long enough to cover/discover some logistical problems we are all likely to encounter in the future.
Get Ready-Get Set
Bix Weir has recently stated that you should be getting all your coins off of the exchanges – and that is very accurate and great advice. When the banks go down, the exchanges won’t be able to give you fiat for your ‘other stuff’ – but we all will be able to exchange with each other for a time. As humans, I’m pretty sure that the large majority of us will find a way to survive and thrive. Weir has also stated that most likely, there will not be any identifiable ‘SHTF date/happening’ rather; sometime in the next two decades we’ll all be pointing back at some certain time, saying, “…that was it…”. A bit more discussion leading to preparation for this seems to be a timely need.
I will say that most of the price targets we hear about will probably be coming true. However, I also am pretty sure that ‘the cartel’ [see below] is not yet done trying to derail the crypto train – yet. I’m also pretty sure that, they’re not going to succeed and, that those of us who are able to hang on, will end up in a very different life situation in the next 18-36 months.
So, if you want to ask what I think is going to happen you’re not going to be very happy. The type of analysis needed to come up with that answer would be so fractal, no answer would ever be understandable. What’s going to happen? Just use your imagination, some crooked banker/hacker or financial misfit in London, NYC, etc will probably try it.
The recent history of answering why to this question is incredibly interesting. I'm sure that the cartel will be trying to continue with the level of volatility or, increase it if possible. Volatility scares away a lot of investors. So, let’s have a bit [a small bit-promise] of very recent history.
Bit of background:
- The thought innovation/design of crypto currencies seems ground breaking until one considers the history of software development
- Software has already eaten the film/video industry and, the recording [album], industry amongst others. Really, the development of a means of exchange of value [not to say money] particularly developed for computer use itself is not even new.
- Several games have had internal ‘currencies’ or point systems for value exchange in the game; several have made it ‘outside the wall’ of the game into public trading, of a sort. Which then begs the question – what were they ‘trading’ other than those ‘points’? well, they were trading the Value of Time the seller had invested in producing a product, reward, service, skin, report, hack sheet, etc for the customer.
- Though it’s sometimes tough to believe, the exact same is true of crypto currencies – though currency might not have been the best choice in describing this programming innovation to outsiders and those whose thought is more constrained by the existing system.
Problems with the peasants and their ‘gnip gnops’ – again!!
Across the decade or so – now we have a crypto currency market valued at almost $0.400 trillion USD currently. That value has been much higher and, will be so again [total market cap =$386.69 billion USD ]. The problem with the entire idea of blockchain tech and cryptos is just the sum of the info above. The old system is rotten, it’s only about controlling people and not giving them very good chances to succeed. And they’re going to fight to keep it going as long as they can.
Because they’re human and, pretty resistant. They’re ilk have been running roughshod over ‘normal’ citizens for centuries. They’re not just going to let blockchain roll out without a fight. Though certainly inevitable – the tough times getting crypto accepted by the ‘mainstream’ are not over yet.
Though the market seems to be in a bear trap now, Messrs. Supercrypto1 and King Crypto [provides a great video explanation] provide a pretty darn good set of data proposing that it’s not chance at all as to why the market has been down since – well, since the day of the CME’s 1st trading day of BTC futures, December 17, 2017. Please enjoy the original article, the video and take heed.
Though it would be easy to simply blow this off as another conspiracy case, let’s just consider the general terrain of the battlefield, at the present. Let’s get ready for a new, blockchain governed world.
DarqDBD
as this is my first article relating to crypto currency news and education, I’d like to state a few things.
- I’m not a financial advisor, this is not financial advice. Rather, I'm sharing the thoughts and experiences of myself and others in dealing with and securing what are known as crypto currencies.
- Thank or cite the following :
Supercrypto1 [ https://steemit.com/bitoin/@supercryypto1/ ] – author of the main article: “4th Dimension: Bitoin-Manipulation-Cartel-Price-suppression–is–the-goal” [https://steemit.com/bitcoin/@supercrypto1/4th-dimension-bitcoin-manipulation-cartel-price-suppression-is-the-goal]
King Crypto [https://www.youtube.com/channel/UCr4fhWQmi7ZfGnLA6nmhNsQ]
Crypt0 [https://www.youtube.com/channel/UCdUSSt-IEUg2eq46rD7lu_g]
jsnip4 [https://www.youtube.com/user/jsnip4]
road to roota [https://www.youtube.com/channel/UC73WeDULjX2BwsSmICJ0y0w]
David Hay [https://www.youtube.com/channel/UCw6fLrKYh0IelO6OJuF2Jiw]
The first two noted above provided the original article cited and, a video explaining the article in a very easy to digest manner.
The rest are noted internet bitcoin and crypto-currency commentators. The type of folks willing to teach their experiences for next to nothing. I highly recommend them.
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thanks - every bit helps