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RE: Bitcoin ATM Installations Skyrocket Throughout Market Correction
Bitcoin ATMs soon to be hawked on ebay as a relic of a collapsed bubble. Sold as curios.
Broke down thru 6g overnite, on it's way to 2g, then 0. HODLer fools have been stepping in and 'buying the dip' at every 1000 on the way down; 10g, 9g 8g, 7g, 6g, etc.
Same thing happening with the shit.coms during the internet bubble collapse.
In the near future there will be a bunch of news stories/articles about the people that 'invested' in bitcon and lost it all.
That would be fucking awesome and also highly unlikely.
I never invested in Bitcoin but have always used it because it simply worked for every-usage...
Now it's completely broken... It's only a speculative asset and almost everybody knows it...
The only way people make money is either by charging fees to transact with it or else big market swings, where money is leaving one person's pocket and entering another...
Bitcoin is a fantastic invention and it will never go away until the last robot police has kicked down the door of a makeshift computer lab cooking up Bitcoins like it was crystal meth in a post privately-mined cryptocurrency world...
But don't be foolish, even when Bitcoin does eventually collapse (and it will), and is replaced with Central Bank Cryptocurrencies (because fiat will also collapse soon), there will always be privately-mined cryptocurrencies just as there have always been "counterfeits" in the real economy...
Even in money-creation, you can never really eliminate all the competition, no matter how powerful and predominant your banking cartel is.
I think one coin should be worth roughly one dollar and it should be digital cash. Pure and simple.
Decentralized, no banks, no ridiculous fees... Just digital, peer-to-peer, off-the-books cash.
The world needs that and anybody who doesn't understand that is asking for a world of pain.
Let's see what happen.