The most amusing part of the ~500% Bitcoin gain in 2017 is the comments about how cheap it is now, mostly stated by late comers and fan boys who really do not know anything about the psychology of investing, let alone the financial dynamics of it.
Ethereum, which the entire ICO market runs on, is now trading at ~$300, up from $8 in the beginning of the year. Any untoward comments about the validity of these moronic upside moves is immediately met with feverish opposition, accusing cynics of being ‘old’ or simply ‘bitter’ for ‘missing out’ on such a fantastic run. While there is certainly an element of hoping that all Bitcoiners should perish in the fires of their own hubris, trapped in cars being crashed by giant anvils, I really do not wish anyone to lose money — especially young speculators trying to improve their lives through investing. Hating on a 20 something for wanting more is like hating against myself twenty years ago — wholly ridiculous. I was awesome then — you have no idea.
Most of the people who are in cryptos, for some reason, believe they’re rebelling against central banks and showing the man how little they give a fuck about his fiat. Meanwhile, back on planet earth, the entire crypto-market is sponsored and promoted by venture capitalists, devils who got in during the 2013 correction and pyramid-schemed these retarded instruments ever since. Aside from the fact that cryptos are entirely jimmy-rigged by asshole VCs, they’re also vehicles for money laundering and all sorts of fun criminal activity. The transfer aspect of bitcoin, coupled with its liquidity, is why the value is surging.
But what about the MUH blockchain?
Well, what about cash?
Why would anyone want every single thing they do documented on a digital exchange? Talk about a big brother Trojan horse. You fuckers are willingly jumping into a network that is going to track everything that you do, under the alleged auspices of privacy.
But that’s neither here or there.
This is your 31st reminder, with the previous 30 being all wrong, that someday soon Bitcoin is going to crash and you’re going to lose all of your money stuck in ICO ‘fagboxes.’If you enjoy the content at iBankCoin, please follow us on Twitter