Now this sounds pathetic right? Really pathetic? You know I have invested 2000$+ to cryptocurrencies and today I'll show you how bitcoin might die because of the current situations happening.
Bitcoin might die from news and media. You know I cover on my cryptocurrency channel.
https://www.youtube.com/c/Bittruth
Alot about cryptocurrency news, tips, scams, etc.. And what I learned that bitcoin might die from the same people promoting it. Because comparing bitcoin through the years it has performed pretty well!! But media didn't use to report anything and I repeat anything about bitcoin or cryptocurrencies, with now having this you'll have whales step in and break this increasing trend and theirs many examples in different fields of cryptocurrencies:
- Bitmain: Its centralizing the difficulty of algorithms and decreases profit for small people (miners)
- Government: Making regulations harder and harder each day till a point of a ban (e.g China)
- ICO: these ICOs keep hurting the name of cryptocurrencies by scamming people and then you get people saying " bitcoin is a scam" (Media agenda)
- FUD: FUD also does that.
- MT.GOX Trustee: keeps selling bitcoins making price plummet.
In conclusion, the more these stay in today's cryptocurrency world the less people invest (because of prices, bear market) and more.
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Miners are far from ‘small prople’. You need massive mining farms and cheap/ free electric to mine profitably these days!
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exactly cant agree more grizgal
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Let me know what you think!! ;)
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