I would hope most people would take everything said with a grain of salt. He's no more of an expert, than many here in the room. I discovered bitcoin at 0.12, yet I'll never use expert in my name or title. I knew what it was then, I know what it is now, and the greatest failure of anyone that recognizes cryptos in anyway, is that they lack a true understanding of real monetary history, which is far greater than the understanding of cryptos or blockchain, and the greed behind it. The greatest ponzi scheme is upon us, and while there is opportunity to capitalize on this, most will not realize it. What do I mean? How much did you NOT realize, as you failed to see bitcoins decline, to where it fell today? This was only round one, with real actual significant gain, and a real, actual, significant pull back that was worth something. Most people lost value, even if they didn't sell, it still weighs on the conscience. Hypothetically speaking, what if bitcoin never recovered? Think for a moment. Cryptos in their current form, are unable to achieve dominance, it's a mathematical certainty, as they will be high jacked or taken over in time by soveriegn nations, by ways most have yet been unaware, let alone have unanticipated. Century old Dollar inc insures this, and Gresham Laws proves this. For those awake, you know some of what I speak.
Bitcoin in and of itself, defies all logic in the traditional stock charting sense, and that so called experts are just as incapable of seeing its low, as they are to 'fail' to detect its high, before a shift or collapse. Where were the experts, warning us that $20,000ish was the top for this cycle? They were absence, because they too, have no way to know. They ride the bus, all the same as everyone else. Everyone is guessing in how to gauge upside, or downside potential. No one knows.
The article is rubbish, as it claims that crytocurrencies are used worldwide for purchases. This is absolutely false. Cryptos are held, hoarded, and accumulated via the greater fool theory, that
they'll become worth more later, indirectly suggesting to not cash them in now. This introduces a perpetual state of not wanting to sell, for fear of missing out. Few companies sell items in cryptos, because they can't measure the volitility, and for those that do, it's instantly converted back to USD. Because cryptos are decentralized units, there is no entity to stand against the wind, which means it's vunerable to an obscene high price, to a potentially obscene in low price, at any given time. I am no friend to a centralized entity that rapes our sovereign nation treasury, but I do know the service provided, one that cryptos will never have, unless highjacked by soverieng entities - wink wink. When the real crash occurs, as I've stated this to be a trojan horse, the loses will then be realized among the tulip 2.0 crowd - unseasoned, unaware of anything monetary history spanning hundreds of years. All generations are forced to participate in this nonsense, and generation after generation, with exception to the small few, all have failed to date. This is the mindset of those that are unable to walk the middle of the road, and get pulled too far to one side, unable to keep a level head. This is only, scratching the surface of what monetary history will once again show as fact.
I do believe, we will have that opportunity to see a $50,000, or $100,000 bitcoin, and perhaps higher. What I don't see as probable, is that it will continue to become an opportunity all the same. As beanie babies had a shelf life, so will these, not to usher in crypto, but to usher in blockchain. Those today, fail to understand that these are taxible as commodities. People today, fail to understand that today isn't different. People today, are unable to see these are only tools/vehicles to usher in something more value able upon society, more sinister. There's too much of a cult following to think clearly. There's too much ignorance, to request intellectual thought. For those that say "You just don't understand", I promise I understand to levels many are incapable. Lean to far to one side of the road clouds to mind.
In the world we live, there exist those that are asleep, those that are awoke, and those somewhere in between. I like to attribute it to a puzzle, perhaps a 10,000 piece puzzle. Many people today, know there is something vastly wrong in the world, yet they can't explain it. I call these the few hundred piece guys. There are some, who recently awoken to study, research, and discover a few subjects of interest. These are the few thousand piece guys. Then, there are others who I would consider the many thousand piece puzzle guys. They start to see the real picture, and the agendas placed in front of humanity. Cryptos, and blockchain, are only a piece to this puzzle.
Knowledge is confidence, ignorance is bliss, or fear. I know which path I walk. This topic gets too much in depth. If people truely want to learn, they only need to ask, else it will be dropped. So, about this news, its noise. I know he's the man that represents this company, but it's still noise.
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