Post
Topic
Board Press
Re: [2018-03-18] Tokyo Whale Stopped Selling; Will Bitcoin Price Increase?
by
chenbo*)
on 20/03/2018, 07:24:44 UTC
When people speculate on an asset, FUD's will always abound. It would be very nice if there is a way to filter those chaffs from this forum, but sadly, things don't work that way. As for the recent roller coaster of bitcoin's value, the whale cashing in on his Mt. Gox stash is just a very small part of why bitcoin's value is showing a decline. If you follow the news, the recent moves by social media giants to ban crypto ads (to protect themselves from possible lawsuits), the G20, the press statements from the US and other countries etc have all been instrumental in shaking things up a bit since the highs of December last year. Personally, I believe that it is a good thing should a very sharp drop happen as I do not approve of bitcoin being treated like an asset which resulted to it's value skyrocketing to dizzying highs. Bitcoin will very well serve it's creator/s purpose should it be treated like a currency that is backed by the blockchain. Such use would help us leap beyond the restraints brought about by the current monetary system that's been so thoroughly oppressive scholars can create volumes of encyclopedia about the ills it brings to our society. It's time for us to change our paradigm.