Time has proven me correct. Hodl!!!

in bitcoin •  7 years ago 

I am a cryptocurrency advocate and an enthusiast. I have been using crypto for about 4 years and in the last couple of years have studied it, The scams, the hype and the inevitable drop in price.
When i have commented or written posts telling people to be careful about the hype and not to be overcome by the beauty of this great innovation and technology. It's a heady mixture and can have you thinking that financial revolution and freedom is just around the corner. It's not. It will happen in some form eventually, it can't be stopped. However there are still some major bumps in the road before the general public will be using crypto in their everyday lives.

Anyone in the west who watches the news and has a good understanding of economics, knows that the fractional reserve banking system is in crisis.
They have printed non existent money and lent it at interest to us. At the same time they are in charge of setting interest rates so manipulating inflation. By doing so they are devaluing our currency by at least 2% every year. They can't raise interest rates. Twenty, even ten years ago you could find interest rates of 10% and higher. Now you are lucky to get 1%. Not even being able to outrun inflation. They have scammed the system into crisis. Banks won't be bailed out a second time, so what will happen to our cash?? We saw what happened in Greece and Zimbabwe and we think, "that couldn't happen here"! But it can, and it inevitably will. It's a matter of , When?

The pensions are disapearing as we speak and inflation is starting to build. People are cutting back and companies are starting to fail. the stock exchange has benefitted from the pathetic interest rates as consumers and investors have borrowed money and used it to buy stocks and shares. i can't remember the name of this type of debt of the top of my head, i think its called marginal debt. I don't remember the exact number that this debt is running at but its hundreds of billions or even near a trillion, "whatever", it's huge

I started this article talking about cryptocurrency and the "cryptosnobs" who will rant at you when you say anything negative about the price of crytocurrency. It doesn't matter that it's logical and it doesn't matter that what i say contains caveates, they just don't seem logical. They are caught up what i was trying to explain at the start. When you first use crypto you think "why haven't we been using this for years? This is the revolution".....
It follows in the same way that those who have never used it and aren't aware of the amount they pay in fee's day to day when they use fiat...
It will take time. The movement is growing, central banks are exploring ways they can use crypto and more and more people daily are being introduced to crypto through great idea's like steemit.
It will take time. Crypto enthusiasts should be prepared for crypto to lose maybe another third in price yet before it hits bottom and rises steadily as numbers grow. When you think about it, price is immaterial. Freedom from usery is priceless.....
I'm hodling for the long term. Buying tokens that add value to their use, not currency for currencies sake.
We all have to be wary. The fractional reserve system and the elites who run and benefit from it are like a wounded animal. They are in trouble and they know it, the ponzi scheme is collapsing.

They will be looking for an "exit strategy" Historically they have used false flag operations as an excuse for war when the elites have troubles or their position becomes precarious.

Our time is coming. The days of those living off our backs without question is over. We now have alternatives..

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They know their time of glory is coming to end slowly but surely hence the strikes at cryptocurrencies in general.
For those of us who believe, it's time to prepare for the new era by learning and taking action.
Thanks for the post @theaverageman, upvoted and resteemed.

Thank you, i appreciate it. now doubt you are aware or you wouldn't have replied. I've just followed you and look forward to further interaction in future...You in the UK?

No worries @theaverageman, thanks for the follow it's reciprocated.
No, I'm currently in the Philippines. Looking forward to your next post.

Cool bro...

Thank you for sharing! In theory, everything you are saying makes sense as a blanket statement. I want to touch on one specific point:

"I'm hodling for the long term. Buying tokens that add value to their use, not currency for currencies sake."

In your eyes, what are some leading examples of tokens (currently available, no ICOs or concepts) that add significant value to their users and economies?

Etherium. It is both a currency and smart contracts.
NEO, it gives you gas which is like vuilt in interest.
BDG, i think the BDG token adds value to its platform.
Steem for the obvious reasons. There are many that aren't just currencies but add something more..
Thank you for the comment. Yes it was generalized for size....But what I say in general terms is what i think i see happening at present. I think crypto will benefit hugely as western ecomomies using fiat and fractional reserve system implode...
Its my opinion that a great many crypto's will dissapear. Companies are now adding blockchain to their name to cash in...
Some offer privacy which is an obvious added benefit. But how many are needed??

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