I am posting this because I am tired of the bitcoin-propaganda. Only positive bitcoin news is allowed on most bitcoin forums, which creates a biased view on cryptocurrencies in general.

I am posting this because I want to warn everyone for the dangers of bitcoin.

A lot of regular Joe's have entered the market because they are blinded by the ''possibilities''. They want to become a millionaire overnight. The fact that there are hundreds of altcoins proves this. Everyone wants a piece of the cake. But there is no cake. There are no possibilities to become rich overnight. The cryptocurrency game is played by powerful men, institutions.

Everyone is posting crap like ''bitcoin will take over the world, it is more valuable and reliable than the USD because it is backed by its limited supply of 21 million coins.''

I've got news for you: 85% of bitcoin users are nerds. They are loners and will avoid any form of conflict in real life. When the governments of their countries start imposing strict laws against bitcoins, they will cash out as soon as possible. Because that's who and how they are; ''law abiding citizens.''

I have more news for you: bitcoin might be backed by 'its limited supply', but do you know what is backing the USD?

This is what backs the USD, Yuan, and other powerful currencies:









----

GET IT NOW?!