Dear Friends, in any business, situation, what is most important than the mindset you have at the moment you think and act. BITCOIN has been created and designed as an alternative to the established centralized monetary system.
The traditional monetary system becomes more and more centralized as we speak. Indeed the CENTRAL bank are injecting massive liquidity and buying any kind of debt. Banks are not independent anymore but just the branches of the central banks following the instructions from the top.
Today, many people buy crypto as an investment vehicle like they would buy equities or bonds. As a results, they are looking for (quick) profit and ultimately to convert their gain back in FIAT money. The many people following this behavior is probably one of the reason why BITCOIN is sill accepted by many countries.
In fact, if BITCOIN is an investment vehicle, therefore, it is NOT a alternative monetary system but only a financial instrument which helps generating profit and a full economical segment. Do you think that crypto exchange employees are paid in crypto? partially may be but still all these activities generate FIAT flows which are good for the normal economy.
Read the full article here:
https://feathercointomars.com/2020/05/19/day015-the-secret-mindset-to-expend-the-entire-crypto-world/