Ignorance is a Bitch: False Bitcoin Claims are just a sign of FOMO

Bitcoin is a Scam? Bitcoin is like the tulip bubble?

These are some of the delusional comments that fairly "well-respected" experts have been claiming lately, and unfortunately, these statements have appeared to have an impact on the market despite them being completely false. Anyone who actually has read the whitepaper by Satoshi Nakamoto and has spent another 15 minutes wrapping their head around the concept of Bitcoin and blockchain technology realizes that this is not the case.

Bitcoin is a young, bull market eco-system for the most revolutionary block-chain tech-based solutions to the problems we face today. Having the potential to disrupt nearly every market on the planet, the blockchain - and bitcoin as the market's benchmark, are here to stay. The only thing that can potentially stop it would be a deliberate campaign from the powers-that-be to destroy the bitcoin market through regulatory sabotage.

But even "the powers-that-be" are enjoying the perks of the crypto space; Goldman Sachs has been recommending bitcoin as a smart holding for over a year now they even patented the SETL-coin which will attempt to give bitcoin a run for its money. Bill Gates, Al Gore, Ben Bernanke, Richard Branson, and many other influential oligarchs commented on the innovative nature of bitcoin, and many have already got involved. Even a bunch of holdouts such as

YES, Bitcoin is volatile
NO, it is not a fraud

The crypto markets are full of a bunch of new investors as well as a bunch of devs, internet netizens, and other geeks from across the planet who had a motive to get involved in the first place. As more experienced traders and investors enter (and exit) the market we are bound to see some growing pains. Just like any developing market emotions are high, and market caps can fluctuate greatly. Add the whole regulatory fiasco that has only just begun then you have the wild west all over again.

If bitcoin is to be compared to any bubble, it would be closest to the dot com bubble

Not tulips or even fiat currencys. Bitcoin is superior to both

So to the heavy hitters who have been writing this off either haven't done their research or are suffering from a severe case of FOMO.

Either way, they should STFU just like the Ex-Exective of JPMorgan said to JP Morgan's current CEO Jamie Dimon after he yet-again proclaimed to the world that Bitcoin is a fraud. He said this same garbage a year ago, most likely as a result of FOMO, and he did it again because now the FOMO really hurts after a market cap increase of nearly 10X compared to last year.

Unfortunately, our gullible north-american public seems to take these comments at face value. Mind you, this is the same gullible public that remains faithful to fiat currencies which hold no intrinsic value, while staying loyal to governments that commit genocide on a daily basis while continuing to lie to their debt-burdened public.

It's so hypocritical to be coming out of the mouth of none other than JP Morgan, one of America's largest enslavers of their citizens, it's no wonder the public nods their head and says "yes master" while they get on their knees for their next fraudulent piece of "credit" that exceeds the amont of money that they can earn to pay the debts back.

Institutions like JP Morgan are one of the main reasons why the Americans are so ruthlessly enslaved by a Federal Reserve System that commits fraud on a daily basis and uses the American people as pieces of collateral to pay back that fraudulent debt. Check out the latest @DollarVigilante article for more insight on this blatant crookery by reading Lead fraudster of fraudulent JPMorgan says bitcoin is a fraud

How is this possible, that we live in a world in which a privately owned bank has control over the worlds largest economy, and its means of money creation is backed by zero collateral, and then its owners a mystery?

Why would we put any trust in the currency that these crooks create, and even worse, why would we make that the benchmark for the global economy?

Oh ya, they have guns, and crazy gadgets to spy on us.

I guess we live in a backwards world. Down is up and up is down. The monetary system has fraud at the foundation of it and navigating it is a twisted labyrinth full of smoke and mirrors. Ill take the volatile, trustless system of cryptocurrency any day over the debt-based fiat slavery inflicted upon this planet by the likes of the JPMorgan.

Ignorance is a Bitch, and so is FOMO, so come aboard the bitcoin train, we still have a a few more trillion in market cap to go...

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