Honorable Bitcoin

Oh, I have called 9950 support 17 days ago!
...is broken now, wah, wah, wah!

Funny question!
Why?
Because bitcoin is self-proclaimed as subversive tool. Bitcoin declared war to all governments.
If will work, will suck all the political power and will shit at the other end a global "phalanstery", ...utopic socialism, ...or ultra-libertarianism
Jeeeeez!

Among a lot of other big problems, bitcoin suffers of a lack of general acceptance.
Because of the hacks, the breaks, the volatility, the pyramidal W1 chart structure, the fanfaronade, the ridiculous KPMGollum creatures...
...I mean for the average investor, bitcoin looks like the perfect monkey business.
.........................................................................................................
Acceptability is the most important characteristic of money. I'll say here why.
Acceptability builds utility, the holy-mighty indispensability.

If exchange, deposit, withdraw and transfer is featured in the game, then any video-game-coin can be:
- a medium of exchange,
- unit of account,
for all the players' involved in that particular game.
Namely, only just if it is unanimously accepted to be so in some particular area.

Acceptability is the key.

If he play the game, Bob deposits $100 inside the video game and he gets 10 "uridium" - the game's currency.
He transfers 5 "uridium" to Alice. Alice withdraws $50 for the 5 "uridium" out of game. Ta-daaa, transfer done!
There, now "uridium" is:
- a medium of exchange,
- unit of account.

But you can buy outside the video game physical things only with real dollars.
That's why (technically) "uridium" is not an instrument to store value just yet, is only a medium of exchange. (regardless the market capitalization volume)
But... but, if every individual joker on the planet "choose" to play that particular game...
well-well, then the things change... then we will buy coffee only with "uridium"!
Because we will be all inside the same game, and that it will make it REAL!
Unanimity in acceptance makes anything "REAL" ...like the supranatural beings, ...just like the fkn Gods! (well, yes, the acceptance of the overwhelming majority)

QED, Acceptability is the most important characteristic of money after all.

In that sense, and due to the individual terminals (like phones, digital devices..) any digital file can become real money.
Because any digital file can be durable, portable, divisible, uniform, in relative limited supply... if the file is globally accepted.

But what about general acceptance of the ...digital files?

Crypto shills knows well (or feels by intuition) that the acceptance is the very key.
That's why the hype, the noisy trumpet, the ridiculos McAfee and NKPGollum creatures...
That's why the populist message against the authority, against the powerful (govs), and against the rich (banks)!
Because almost everyone loves that message!
All of them!
All of the Gini's current ratio 99%! They booo, booo, government, ....bu-baaa, robber banks, bibi-bla-bla-gugu-dudaaaah!
Reallly nice strategy, crooks!

Like the Game of Thrones' plot which sucks the no-real-life-suckers in.
Inside any game, players can trade virtual currency, virtual powers, virtual weapons, ...virtual life.
The "story" hypes enough stups in.
And there's no business like the monkey business of virtual powers! They simply love it!

Unfortunately... the world finance is not a video game or a pleasant fiction!

Are you short Bitcoin?

Hi. Nope. I was in red on bitcoin since 2018.
Because I bought a little at every round up level, 17K, 16K, 15K ...6K, 5K... and thank The Fool I have closed all at break even recently.
Now I'm holding a couple of US cold hard Benjies in bitcoin forever. I'll hold them even bitcoin will crash at $1
I don't care, I consider them lost money.

sure...

Will all Crypto turn into a cancer?
Will Bitcoin, Libra, altcoins turn into a cancer?
Yes, they will. Just like the Marxism.

Oh, whatta shock!
Who thought crypto is not the safest domain ?!? ...

11500 weekly important resistance! Greedy zone hazard! Extreme volatility above 11500!!! 9950 support.
(just copy-paste my post from a month ago, nothing big changed)

Bitcoin pretty much disappointing!
Apparently manipulated asset.

"Cryptocurrencies have given rise to an entire new criminal industry,
comprising unregulated offshore exchanges, paid propagandists,
and an army of scammers looking to fleece retail investors.
Yet, despite the overwhelming evidence of rampant fraud and abuse,
financial regulators and law-enforcement agencies remain asleep at the wheel." - Nouriel Roubini

True.

https://www.project-syndicate.org/co...oubini-2019-07

No, no, no, no... I just can't believe it!!!

After Fools Day it was obvious that lousy manipulated shit will make another fake push on Moon Landing Hoax Day, yesterday!
What happened? I bought huge this sham coin yesterday hoping to see at least 20K in few hours (exponential shit)!!!

Disappointing, bitcoin extremely disappointig! ...

Quite a lot of bitcoin bashing from you for holding a long postion.

Woah! Amazing paradox, right?

Now we are just below 10K; maybe, it can go down around 8K!

I saw those 11500 and 9950 levels from June on W1.
I think if we see a W1 close below 9950 is very probable to see 8500 soon.

Take action now, before it's too late!
Stupid KPMGollums, little McAfee scumbags and anarchists spreads like plague!

Dear regulators, central bankers, crypto researchers... here's your fundamental premises:

- Can we have only private economic entities on the planet? (decentralization, mind the right-libertarian philosophy utopia);
- Can we have only private-crypto-central-banks in order to keep under control the macro peaks and troughs of the free economies,
and alleviate the business cyclic crisis ? (monetary policy - despite limited 21M money supply, use super-smart alternative economic incentive by blocking parts of the value supply as a substitute of the induced inflation Keynesian tool ...I'll get the Nobel for that );
- Can we really get rid of the government from all of the economic process (minarchism), and keep the gov. only as a natural civil law maker ? (end of the welfare state, no fiscal policy);
- Can we maintain the free market credit industry if all in crypto ? (capitalism);
- Can we have traceability of the transactions ? (no anonimity, and maintain laws and regulations applicability);
- Is it the global blockchain - plants - going to consume less energy than the whole planet ? (lol, sustenablility);

If YES to all above, so why the fck don't we move the USD on blockchain ?
Why hand over the global business to the new crypto-oligarchs???
If the blockchain is the new best cyber security, why can't we use it for the digital dollar ?!?
USD is private (Fed), monetary policy tool, very "capitalistic", traceable and regulated, doesn't consume so much energy...

...if NO to all that, kill the crypto forever!

Hey, John, why is the government so bad? ...you look even bad than dirty politicians, dude!

You anarcho-capitalists want to abolish the state to your own satisfaction by calling it something else.
Like Mad Max free world

You hypocrites don't actually denounce what the state does, you just object to who's doing it
I mean look at you, a bunch of sleazy villains and idiots, who can trust you can make a change for a better world ?!

This crypto thing looks more and more like ...just look at the pictures!
.........and they have the nerve to blame the government and the banks!!! ...

Commmon digital cash
Fin Tech
There are plenty of better solutions

...bitcoin will remain a marginal shitty video game coin