Either Bitcoin Will Fail Because The Government Will Outlaw It OR Bitcoin Is A Government Invention Meant To Enslave... Pick One

in #bitcoin8 years ago (edited)

A few days ago, cryptocurrencies sold off quite dramatically.

Bitcoin fell around 25% on average and Ethereum fell around 15% on average across major exchanges.

And as a whole, the entire altcoins market capitalization fell over 20% excluding bitcoin.

At the same time we put out our article, “The US Government Clamps Down on Ability of Americans To Purchase Bitcoin”

This was enough to get every jealous bitcoin hater out of their basement and gleefully typing that “We were right, bitcoin is a scam! Looks it’s down a few hundred dollars!”

Like this guy.

The Green Machine may have spoken a little too soon.

On this chart I’ve noted the small dip where Green Machine and many others proclaimed victory that all cryptocurrencies had collapsed.

And then cryptocurrencies hit another new all-time high again today above $115 billion.

But the people who hate bitcoin have to make up their mind. They seem to hold two opposite beliefs. The definition of cognitive dissonance.

Many of them seem to believe that bitcoin will fail because government will outlaw it, like this guy.

Of course if any government outlaws bitcoin it will slow down its growth in that region controlled by that criminal group called government.

But, if you believe that to be the case then you must also believe gold and silver have the same risks. In fact, even bigger, because gold and silver are physical. And, it’s not like owning gold wasn’t illegal for four decades in the 20th century in the land of the free.

I’m not sure what the people making this argument are really trying to say.

To paraphrase them, “We are slaves and are so enslaved that our slave masters will make sure we have a hard time using bitcoin! Haha! LOLZ!”

If that’s what you really believe then why don’t you do something to get out of your bondage? Why just laugh at how enslaved you are? What kind of man sits in his basement in his underwear eating cheetos and just laughs at how enslaved he is but does nothing about it?

Not a real man is the answer, Ralph.

But, realistically, the chances of every government on Earth all outlawing bitcoin is pretty slim. It’s already been accepted and used by too many people. There’d be at least a minor uproar if the government came in with their guns and started kidnapping and extorting everyone involved in bitcoin.

And, if there was even ONE country that didn’t, that country would all of a sudden find itself receiving billions of dollars of investment into the country and thousands of very intelligent people would be moving there.

Perhaps this is why Theresa May, Angela Merkel and globalist Donald Trump all want to make “global rules” for the internet!

And this is not to mention that the more governments try to outlaw bitcoin the more the demand for bitcoin will likely increase as anyone who can still buy it will be running to get it before it is too late.

And, not to mention, it’s not very easy to track who actually owns bitcoin. If you are smart it is impossible. And there is no way to confiscate it without your keys. This is probably why Morgan Stanley recently said they want the “master keys” to bitcoin!

And, furthermore, many other altcoins like Dash and Monero are built with extreme privacy in mind. If they really manage to hamstring bitcoin then watch cryptos like Dash and Monero skyrocket in value… and there will be nothing the globalists can do.

So, all those expecting that big government will put its boot down on cryptocurrency don’t understand cryptocurrencies. It’s just math. There’s nowhere for the government boot to smash.

Those same people, though, also seem to believe that governments created bitcoin to enslave us all, like this moron:

So, cryptos were a trap set up by the US government to create a new form of money that can destroy central banking and, by proxy, big government that no one had ever thought about before so they went ahead and created it to make countless anarcho-capitalists very wealthy and create a form of money that is impossible to stop, seize or track (if you are smart).

And, this fostered countless other cryptocurrencies that are literally impossible to track like Monero?

And they did this… Why?

Even if you think they created it, it’s open source code. So anyone can see there are no government backdoors built into it. And the market has ran with it and it is now so out of the ability of governments to control that the only way to stop it is to turn off the internet.

Whoever came up with that plan for the government must’ve been fired if he did!

But, the real issue is that most of the bitcoin haters out there actually hold two totally opposite beliefs in their head.

Either the govt will destroy bitcoin by outlawing it… which I showed above is highly unlikely and even if they did it would likely drive the value of bitcoin far higher as people realized just what a prison we live in.

Or government created bitcoin to enslave us. Which, as I pointed out, doesn’t really matter if they did. The market is using the technology to free us from government and central banks.

Given how quickly these bitcoin haters declared victory when bitcoin was down slightly a few days ago, I’m going to make a guess.

I’m going to guess that these bitcoin haters are full of jealousy to those of us who saw the value of cryptocurrencies years ago and have profited massively from it. And for that reason they feel the need to try to discredit bitcoin whenever they can to feel better about their own stupidity.

That’s really no way to live. Being jealous of others who are better than you is never a recipe for success. You’ll end up how many of you are now, in your mother’s basement, single, obese and writing pathetic Youtube comments anonymously to try to make yourself feel better.

Here’s a better idea. Spend some time and learn what bitcoin and cryptocurrencies are all about. You’ll still be ahead of 99% of other people and can profit from its growth over the next few years and then laugh at the jealous trolls who try to discredit bitcoin.

You can get a start here. Anyone can. I have made a four video webinar which talks about the importance of cryptocurrencies and why they are and will be so valuable. Click HERE to find out more.

And, if you accept my offer for more information at the end I’ll send you your first $50 in bitcoin directly from my personal bitcoin wallet.

Then you can be on the right side of history and, who knows, you can maybe even get a girlfriend one day.

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Bitcoins are looking at mass adoption around the world.. Looking at the new btc atms.. I think this is a way for the people to say to hell with the government.
Honestly it looks retarded placing a ban on bitcoins only makes the government look stupid because an economic system of the free people is doing better for 2 year's compared to the one that has developed ages.
Still much love for your work and bless you dollars guy :)

Guys, if you have / going to have some BTC, wait at least until 2020.

indeed! any country which doesn’t adopt will suffer hugely. they can’t waste their dwindling resources on regulation. they are actually fighting the loss of the petrodollar as a global standard, plus a convergence of other global issues. this is just a PR media campaign to incite fear and ignorance, per usual. and @dollarvigilante don’t forget that there are paid youtube trolls out there which are part of these info campaigns.

IMHO investing in bitcoin/(good) cryptos is like investing in Microsoft/Apple/Google a good while ago ;) the others just dont take the rocket to the moon :D (yes we are still not on the moon :P)

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Whatever people think about my bitcoin does not have to bother, it is more of a negative assumption about bitcoin. The fact that I have seen that the reality of my place in Aceh, Bitcoin has been able to turn people into prosperity. Hopefully I hope if the weak side of the bitcoin itself is immediately fixed


Thank you mr @dillarvigilante

They have called the death of Bitcoin over 100 times now :)

https://99bitcoins.com/bitcoinobituaries/

I love your work Jeff, it's just too bad I wasn't acting on it years ago when you were speaking on cryptos.

Dude. You're here. Being here now is like buying bitcoin at $5.
The first million steemers will be considered visionaries in the years to come.
You're the 172,911th steemer
Your grandchildren will brag about that :)

As Jeff stated above there's still 99% of the population that are yet to discover cryptocurrency. Maybe not quite so dramatic as $3 to $3000 but getting in now really still is early adoption and a potential fortine to be made!

I just feel late with bitcoin surpassing 3k at one point. But maybe I'm earlier than I believe.

so find another alt coin and invest in it, it's not too late at all! Look at Monero

Yes, exactly! We're still in the early adopters range for every crypto-currency (maybe not Bitcoin so much - maybe an expert can chime in.) But, Dash, Ethereum - etc - they still have a LOT of growing to do.

Case in point: Ether (ETH) - is the number 1 crypto-currency among investors who use crypto-currencies for investment, worldwide. The fun's just beginning! :-)

Hahaha hylarious closing sentence. Great article as always insightful, educational and with a lot of humor. With your talent maybe time to start writing a book. No I understand your plate is already full enough. 🙏 But it would be a besteller for years!

This That view actually is stupid.

Government invention ment to enslave. Come on... your content is usually better than this.

It is going to fail because they outlaw it? Who cares if it is outlawed, people do all sorts of illegal things today.

EDIT: I'm an idiot. Everyone relax...

It kinda sounds like you just read the headline.

Yep. Lol... don't usually do that but I got my jimmies rustled by the headline.

Not much of a DV reader but after reading the title I just assumed Jeff went off the deep end.

Hope I can be forgiven.

Jeff is a fear-profiteer; his entire business model is centered on being off the deep end.

Well yeah...

I wish I was that blunt.

Turn that brain on, Kyle.

Lol.

I don't have time to read any of Jeff's opinions and freaked at the title.

More brain next time I hope...

Can't promise. There is a lot going on.

You didn't even watch the video, lol

Seriously - take 4 mins and actually read the article before posting. You missed the whole point, completely.

Okay okay calm down :).

I edited the comment. I don't have time to read DVs posts but after seeing the headline I thought Jeff had gone crazy and left a half ass comment.

Whatever. I'm not infallible.

lol

wkkkk i like your mindset.....sorry

my thoughts too, i've often wondered if its a psy-op. if not they will try to control it or destroy it before it financialy tears down countries and governments.
In the uk when internet dial up first came available the government and was against it and the media ran stories about the dangers of the internet.
A few years later when they realised they couldnt control it they started giving grants to get everyone on it...
Thats what i think has happened with cryptocurrency.... they tried to stop peeps but now theres 2 many crypto users so they will now try to control and utilise it ... theyl prolly destroy btc but instill their own NWO coin..... ive heard they are looking a a blockchain payment system in the uk to control benefit payments..

They wont put voting on a blockchain tho, oh no, pencils and paper voting here.... easier to change and corrupt than a blockchain.....

I choose neither. Cryptocurrency is freedom.

I am happy when it's down and happier when up