Community Trust ScoreVerified
- BTC FUD Hype FOMO
- BTC Price Corrections
- Political Interference
- China Crypto Ban
When you hear negative things about Bitcoin, like BTC will never go to zero, it is energy intensive, centralized, it will shut down, used by criminals and more, it is time to rethink and be more aware of things that are really happening around the digital asset. There are stuff that are FUD, hype, and some meant to create FOMO.
There are critics and advocates to BTC. Critics have to state that Bitcoin is going down to zero.
Price Corrections: It is very obvious that BTC historically has gone through 9 corrections of at least 40%, 15 corrections of at least 30% and the largest open financial network survived. BTC isn’t going anywhere. It’s here to stay.
Political Interference: There are zero chances for BTC to go down to zero and there are minor chances for it to reach to 2018, but it is survived. BTC is anti-fragile and resilient. Bitcoin is marching on block after block after China FUD, Hashrate FUD, Elon/Tesla FUD, Tether FUD, Binance FUD, Amazon FUD, Warren FUD, stabilizes regulation FUD. This only proves one thing that Bitcoin is anti-fragile and it not only survives but thrives.
The community proves this with a simple example. Senator Warren called out crypto community as “Shadowy Super Coders” and immediately the community rallied against her & turned this positive.
Immediately the community members expressed that shadowy super coders are skilled coders, often work without a guaranteed salary, provide an alternative to the fiat system, want to be financially sovereign, contributes to an open-source network, and likes privacy.
They also pointed to how shady central bankers do not like privacy, salty boomers, paid to shill money, want to trap you in the fiat system, wants absolute control over money, makes monetary policy decisions behind closed doors, does not like privacy.
China Crypto Ban: Bitcoin stands for freedom and liberty. China stands for absolute, control and oppression. China FUD is like a winter freeze it comes and goes in seasons. BTC stands the test of time. When China repeatedly bans BTC, it will slowly lose its effect and will turn bullish soon.
Also, China banned most technology platforms, which empower people, it wants complete control. China is very scared about the power an open monetary network like Bitcoin put in to the hands of people. No wonder China banned Bitcoin, so many times, it is hard to keep track.
China is making their intentions clear; they are like we want everyone in the country to use our centralized Digital Yuan and not some private decentralized money.
What doesn’t kill you makes you stronger, stand a little taller; what doesn’t kill you makes a fighter, footsteps even lighter; China banning Bitcoin made it stronger.
