Re: Panic sellers, please head for the exit (and don't come back)
90% of the people will never understand that this coin was created to liberate them. It's a concept. It has a spirit. Not just a way of getting rich (or trying to).
Maybe it was created to liberate us from banks, but its current use isn't liberation.Cashing out bitcoin to bank account isn't liberation and bitcoin lost its initial concept.
Number of users who are in bitcoin so they can earn more paper money are much larger than true bitcoiners.
The truth is - everyone likes money.
I suppose you are right. First time I read about BTC, I thought it would be the ultimate key to liberation. And the problem is not that everyone likes money: BTC is also money and I LOVE BTC, so nothing wrong with that.
But BTC has become a purely speculative good and in this form I am not convinced it has a future. As long as it's as volatile as it is right now, there is no way it could become a widely accepted means of payment, nor a threat to the existing system coins.
I am highly disappointed to see this happen - indeed sentimental feelings, as I read in one of the comments above
- especially since I strongly believe the momentum of anti-establishment feelings is right here, and it has certainly made BTC's popularity grow.I suppose I was naive.
Or maybe, it is too early. I deeply hope so. That's why I tell my fellow believers to hold and wait for liberation. Not for speculative reasons.
PS: If you want to help Newbies, I think you should tell them to learn about libertarianism first. Then about Satoshi's vision. And only then about BTC.