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RE: Bitcoin Futures is the Next Phase of Attack Against Cryptos
It's a long way to freedom but cryptos are a first step to get a little more independent from those banksters. Let the battle begin!
It's a long way to freedom but cryptos are a first step to get a little more independent from those banksters. Let the battle begin!
Whether we like it or not, banksters have the means and the will to do whatever is necessary to defend their turf. They've had the power to spark wars and destroy countries for centuries, our modern times are an illustration of their craft. They will do the same with cryptos. We should not underestimate them under the guise and comfort of decentralization. They will centralize cryptos one way or another, with new laws, more control, exchange shutdowns, etc.
Unfortunately there's nothing to deny on that. Everything that's happening is in the end based on money and those having control over it can do whatever they like... Cryptos aren't dangerous to their system yet but they already start killing it before it booms. Take a look at China, banning it all, creating its own crypto to keep full control...
Russia too is planning on creating its own crypto.
Absolutely this is their plan and hence the point of the article. But, that's why we need to be prepared to fight that much harder and find new ways to get around their control mechanisms
For me, I feel that decentralized exchanges and social media platforms are the key to taking this fight on. The free flow of information as well as the ability to keep capital out of their control are important pillars of resistance.
In my view, bitcoin is getting too much attention that eventually it will be a victim of its own success. Perhaps altcoins might stand a better chance because they are numerous and fly lower under the radar?
In effect that's what I'm alluding to at the end of the article. The central bankers see Bitcoin as the fulcrum for control. But will that work? For a short time yes, but the market should adapt to it and shift away from the manipulated market for the unmanipulated ones.
The truth is that $180 billion is not a lot of money compared to the trillions in the forex markets that move daily... of course, a lot of those assets are deflating while cryptos are inflating in price, so we'll see how things shake out.