iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,434 Blog Posts

Bitcoin FUD is Retarded

Hello Sirs —

I’d like to take a moment out from your day to remind you that — if you’re not participating in the dissolution of the central banks by way of investing into $BTC and other high brow cryptos — you are in fact retarded.

The arguments against crypto are always the same, predictable fear, uncertainly, and doubt — stemming from “it’s fake” to “it’s a trap.” There is no need to overthink this, as there is no need to overthink the condition of the ever rising stock market. The fact that people bid up $BTC makes it true. The idea that it’s all a scam is rooted in paranoia. The fiat currency racket is a scam. The gold mine FOOLS are scam artists, pretending the value of their raw metal will save them from the pangs of central bank collapse, when in fact central banks more or less control the price of gold.

It’s true, gold has been a fine denizen to store wealth — but it’s not transformational and isn’t accessible to all and it certainly cannot be used easily to buy and sell things.

Take heart in knowing that when $BTC drops in value — it’s merely a way station onto greater and bigger things. HOWEVER, I do not have an expectation with regards to price targets or when in fact the price will truly soar. I just know that it will, eventually. It might happen post nuclear detonation or dissolution of the ECB or perhaps it’ll take another bout of rapid inflation coupled with bank failures. But one thing I am certain about is this: people will, one day, seek refuge away from fiat and when they do $BTC and other quality cryptos will be a place to preserve value. At that point, there will be a frenzy to get in, globally, so it makes sense to buy some every month now, as if paying a bill, for a just in case scenario.

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One comment

  1. flea

    Excellent description Herr Fly! One thing you might keep in mind for ‘when the price might soar’ is next year’s halving. The last one, in April 2020, did wonders taking BTC from about $8K to 65K, 18 months later.

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