Have you ever felt like an oustder or the kid no one wants to hang out with ?. This is the story of most or if not all inventors or individuals who cause a stirr by going against the prevailing norms or establishment. They are often faced with the challenge of their idea being accepted because it seems strange or is not the "normal" that most people are used to.
If Bitcoin was an individual this is how he must have felt. Certainly Satoshi Nakamoto would have faced this challenge upon creating Bitcoin (BTC) as he was challenging the existing financial establishment at that time with his invention. At some point BTC would have been mocked or jeered at as it stepped onto the financial playing field. Some would have called it a loser who didn't stand a fighting chance in the midst of its FIAT competitors who were the stars of the time.
The FIAT crew were the ones everybody wanted to hang out with with because they had built a reputation over the years as the dominant players who called the shots on the financial playing field. They must have written off BTC as anything but a strong competitor. Regardless of this and other challenges BTC made its entry. It slowly but steadily built up its reputation as a player to be reckoned with. There were the highs and lows over the years but BTC kept at it.
About 11 years down the line, the game has changed and the financial playfield has been levelled in favour of BTC. It now literally calls the shots while the FIAT crew looks on in amazement and disbelief at the radical transformation that has taken place within such a short period of time. There's a new sheerif in finance town and its BTC. BTC is the pathfinder in the world of crypto currency as it created the environment for other crypto currencies to emerge.
In the Lord of the Rings trilogy, the ring of power is the one ring that rules all the other coins but in the case of Bitcoin, it is the one coin that rules all the other coins. That's how influnlencial Bitcoin is in the cryptoworld. If it catches a cold and sneezes all the other coins rush to literally be the first to provide it with a handkerchief. If it moves , the coins that have managed to make it to its inner circle move along with it while the others "bleed" to be in its company.
In the past week , it has covered so much ground such that using the phrase all time high (ATH) to refer to its position at any point in time seems unnecessary as there seems to be nothing stopping its movement at this point in time. It is such that Binance posted a tweet urging people to use their imagination as to the daily all time high for BTC in the coming days as the curtain is drawn on 2020. This is due to the fact that since 24th December, BTC's ATH has been corresponding with the date of the month. See the tweet below for a clearer picture.
The future indeed looks bright for BTC as some enthusiasts optimistically predict that it will hit the $100k mark before the end of 2021.
However, BTC isn't perfect as it is prone to 'mood swings' every now and then. Whenever these mood swings occur, to its supporters who are faint of heart chills run down their spines. Some even panic and literally disavow it by liquidating their holdings. But for those who truly believe in it and have in-depth understanding of the financial playing field,they stay the cause by hodling as they know that every dark cloud has a silver lining.
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