Hi Steemit friends,
today big players wish to shake the foundation of the cryptocurrencies with superficial statements in the media. Bitcoin is under attack and with him all the other coins! I put my sunglasses on 😎 because of all the shiny opportunities that buzz creates in my opinion..
What happened in short?
| Date | Event |
|---|---|
| Jul 26th | The SEC will rule ICO's (initial coin offerings) |
| Sep 04th | China announced banning all ICO's (or how media it transported to western countries..) |
| Sep 06th | China efforts are in direction of regulation respective licencing (..look how the situation changed a 2 days after) |
| Sep 12th | Jamie Dimon claims Bitcoin is a fraud! |
| Sep14th | BTCChina announce stop trading at Sep 30th |
..So that's for the bad news and FUD (fear, uncertainty and doubts) initiated due the media and which caused a bloodbath in the crypto market with a huge drop in market cap from $170 billion to about $110 billion which equals -35%.
How China really thinks?
Western media turns things upside down i think. The following interview with a celebrity shows that even the government never made a official statement on closing all exchanges and a lot of buzz is around!
China Exchange and ICO Update with Lola - by Boxmining
It seems a good buying opportunity right now!
Look at the ongoing bloodbath at coinmarketcap.com. The prices got hammered down hard amost all in double digits!
It's all about the FUD, the buzz around.. not a fundamental shift currently!
What other major players think?
Bank of Finland researchers has a positive view on Bitcoin like Cointelegraph reported
What one of the most sophisticated blockchain tech is doing?
Remember IOTA already has great Partners like Microsoft and will move on even without Jamie Dimon with their technology and also with their currency.
IOTA announced a wonderful charity project
..and what's about the FUD spreaded by J.P. Morgan?
screenshot from https://entethalliance.org/members/
He praises the blockchain technology but think that all cryptocurrencies will be stopped.. that was about 2 years ago!
..you wasting your time!.. digital currencies will be stopped? Yes.
Jamie Dimon: You’re Wasting Your Time With Bitcoin | Fortune - by Fortune Magazine
..and he is so confident about that he's almost yelling at the interviewer.
..but on the other hand J.P. Morgan integrates ZCash? What he is talking about?
JP Morgan is working With ZCASH - by Boxmining
..the big bad wolf is talking
STFU about Bitcoin & Ethereum: JPMorgan Executive tells CEO Jamie Dimon - by Kamal Glover
Japan uses Bitcoin since April 2017 as official currency.. many will follow
Paying With Bitcoin at Bic Camera in Tokyo - by Jon Southurst
..Think of that, NO ONE wants
- control by strange people
- slow transactions (due intermediary, maybe someone wants for security reasons, but why cannot blockchain fulfil that task much faster?)
- high fees for managing account, transactions, ATM usage (Sparkasse in germany wants 5 EUR for withdrawal from one of there ATM's if you came from another bank with your EC card, even if you need just 10 EUR! I call such behaviour a robbery and very dubious behaviour! also their fees for a simple savings account is about 6 EUR per month! for almost nothing)
John McAfee about "stupid people" who use and mine Bitcoin as response to statement of Jamie Dimon
What does it cost to create a US Dollar? Which one is the fraud?
John McAfee and Jamie Dimon on Bitcoin CNBC - by Highcroft, Inc.
What do you think about someone who is blaming others and call them and you stupid?
I'm alarmed by such arrogant behaviour all the time, because it could be a reaction cause by complacency, fear or even stupidity of a person. If we look how the current money system skyrocket into unbelievable debt which such persons support than i'm even more concerned of such statements. Think about the 20 trillion debt money printing system we are live in and then weight statements from a bank that was multiple times accused for speculation with money of customers in windy derivatives, which made big money in corrections and bubbles and build golden temples to show everyone how much money they robbed. There could be a simple explanation for such behaviour:
If a child is excluded in the play by others it can react with different emotions:
- anger and rage
- make trouble
- crying
- patience
I think many choose the second option in the current situation and try to take down currencies because that's not their playground for their money milking businesses, especially banks.. the new transfer system of value and ongoing redistribution of wealth (think about if good customers with accounts >$100k or millions suddenly withdraw their money to invest in cryptocurrencies and the banker sees how the money slips away without any control..).. it's
..just a natural reaction of banks to protect their wealth and power like governments also do.
Think about that and make your own decision, to be scared or to see it as opportunity to participate!
For me it's a clear sign for a opportunity, because just the reaction or statement of recognized people from such organisations is a positive that..
..the crypto scene has reached a point of significance. 🏆
👍 If you like the read please follow me and vote me up! 👍 Thank you! 👍
see also my other posts
💰 BITCOIN A FRAUD? - BANKS ARE VERY CONCERNED TODAY - WHAT'S BEHIND? 💰
DSound - HEARED OF IT, USED IT, LOVE IT! - WHY I SUPPORT THAT GREAT PROJECT!
Exciting times ahead steemit friends!
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