Like the Honey Badger, Bitcoin don't care!
It seems everywhere we look, there is some bad press coming out about Bitcoin.
Whether it be China banning it, or Russia talking about possibly banning payments made in it, to more recently South Korea banning ICOs and looking very closely into better regulating Bitcoin.
But guess what, even with all of that, Bitcoin is sitting over $4300 per coin right now. Within striking distance of its all time high.
Just like the Honey Badger, which is able to shake off just about any adversary, Bitcoin seems to be able to shake off any bad news.
If you don't believe me about the Honey Badger, check out this clip:
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Bitcoin and Honey Badger don't give a sh*t.
By the way, perhaps we can get this guy on Steemit, his video has over 84,000 views.
I think I will drop him a comment about how he can make a lot more here on Steemit.com than he currently is making over there on YouTube. ;)
Now back to Bitcoin and cryptocurrency...
Why is Bitcoin so resilient?
The underlying faith in Bitcoin and cryptocurrency is strong.
The reason Bitcoin hasn't broken yet from all this bad news is because the belief in it is unwavering. Prices are most closely related to people's confidence in the underlying.
Lately, confidence has been shaken slightly, which is why we saw the pullback, but the price action currently shows that it hasn't shaken people's confidence in the coin and the sector long term even in the slightest.
This is likely for several reasons but a big part of that is due to the fact that people are fed up with our current banking system:
- They are fed up with big banks getting bailed out when they cheat their clients.
- They are fed up with governments and big banks telling people how they can spend their money.
- They are fed up with all the rules and regulations that come along with monitoring "their money".
- They are fed up that it take days/weeks to transfer "their money".
To sum it up, people are angry, and Bitcoin was born out of that anger.
A revolution is under way.
No news out of China, or Russia, or South Korea is going to thwart this revolution.
In fact it reminds me very strongly of a quote I read a while back. It goes something like this:
"It is impossible to stop an idea whose time has come."
Bitcoin's time has come.
Steem's time has come.
Cryptocurrency's time has come.
The genie is out of the bottle and it's not going back in.
Stay informed my friends.
Image Sources:
https://www.reddit.com/r/Bitcoin/comments/1z7xcx/great_billboard_in_silicon_valley/
https://www.quora.com/Is-this-a-right-time-to-buy-Bitcoin
https://www.udemy.com/how-to-confidently-join-the-bitcoin-revolution/
Follow me: @jrcornel
Hi ,
Nice work sir
Love This^
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Cryptocurrencies are taking off because they are revolutionary in nature. The underlying blockchains are were the real value lies. It is, quite frankly, changing the world. When we look at a site like Steemit and see how people can get paid for doing similar things they do on Reddit and Facebook, it is obvious this technology is going to change society.
Power is being put back in the hands of the individual person. Instead of having to go through a trusted third party, a role the banks got rich fulfilling, we can now let the blockchain handle it. With the advent of Atomic Swaps, we are also going to eliminate the need for exchanges to facilitate trades between currencies (a costly endeavor).
While none of us can say if Bitcoin will be an eventual winner, it is almost a certainty that cyrptos are here to stay. How it looks exactly in the future is still unknown but what we experienced the last 100 years in terms of our financial structures will be changed.
It is very exciting and Bitcoin reflects these facts.
Yep. They are currently entrenched in that leadership position, but it doesn't mean it will always be that way...
We are in an era which is experiencing never seen before technological change. Those in leadership or power are not certain to be there in 5 or 10 years. We saw Kodak and Blockbuster both enter bankruptcy in about a decade due to technological change.
Bitcoin is being attacked simply because is scares the pants off the establishment. The banksters know their value is diminishing. Technology will replace many of them.
I sure hope people get mad enough to move money away from banks and fiat currencies. I am certainly doing that... but I didn't have many dollars to begin with.
I think that even my small contribution helps. I don't have much in Bitcoin, but quite a bit (at least for me) in Steem and Bitshares.
LOL! Amazing! The honey badger of money completely epitomizes Bitcoin! Long live the Bitcoin!
whilst I agree bitcoin and the block chain represent the future, I disagree with why people are joining. People are not sick of fiat currency (although they should be) and they haven’t suddenly realised crypto is the future. People see bitcoin going up 100% in a few months and think they can get rich quick. Although the establishment is taking notice, most people just want easy money not smart money. Look at most of the posts oh here regarding crypto, all trading tips or bitconnect type posts offering easy money. Bitcoin was not designed as a get rich quick scheme but that’s what much of the community seems to have turned into.
Lets hope that is just temporary
I don't know enough to predict the future with any confidence. I don't think anyone can really. But I do see a trendline and feel like blockchain is the new Facebook in terms of being a revolutionary technology that will impact the lives of millions. Where does steemit fit into that trendline? Hopefully steemit will be front and center. The recent SMT announcement seems in line with steem moving in that direction but only time will tell.
Great comment. I have some similar thoughts!
Bitcoin is not the only cryptocurrence, but digital money is the most important. And I understand why internet money with a funny name looks clean and futuristic. But the unregulated global virtual currency, realized by nothing or stabilized by market forces / government agencies, brings back the biggest and worst problems of pure money. The uncontrolled instability of Bitcoin allowed him to return to this setback, but also a seemingly deadly case in the first place. Fluctuations in violent values are back! It's like the Great Depression in a microcosm. Bitcoin is created by the people , run by the people and it can be destroyed only by the people.
I think this is good, it shows confidence in crypto. I just hope it's not mislead, misinformed confidence. More and more I think BTC may fall, giving way to another dominant crypto. I'm diversifying.
Nice caption
Like your title
Preach it brother!!