For too long the Bitcoin community has been attacking anything else that appears and takes a small part of the market share. Every cryptocurrency is deemed a shitcoin by Bitcoin maximalists that have successfully established the term altcoin to everything else except Bitcoin. According to Bitcoinners there is only Bitcoin-BTC and the rest are just alternative cryptocurrencies that have little to none actual value.
Everything is an altcoin, to make all cryptocurrencies except Bitcoin-BTC look insignificant. The cult of Bitcoin that is under Blockstream's payroll is very active in Twitter, Reddit and has taken over the Bitcointalk forum, as well as Bitcoin.org. There is an army behind the admins running towards a certain goal, discrediting any other cryptocurrency, calling traitors those that wanted the best for Bitcoin and cencoring any attempt for contructive criticism and conversation.
Bitcoin what is today is a Ponzi game according to the definition of it.
A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.
The scheme leads victims to believe that profits are coming from legitimate business activity (e.g. product sales and/or successful investments), and they remain unaware that other investors are the source of funds
A Ponzi scheme can maintain the illusion of a sustainable business as long as new investors contribute new funds
as long as most of the investors do not demand full repayment and still believe in the non-existent assets they are purported to own
This is very close to Bitcoin. There is no project and absolutely everyone is just talking about the profits and how wealthy they will be after X years.
Everyone that buys Bitcoin does that to make money. Nobody cares about Bitcoin it is just the profit and the potential to make some good money as prices keep rising. Nobody even asks about bitcoin anywhere.
This is Bitcoin for all of those in Twitter, Reddit, I don't know which other media they use. Of course for Bitcointalk this is not even allowed. It is die-hard fanatics there that won't ever admit of selling, however often they will and take a lot to their banks. The fake hodl mentality which was just a message to not be stupid and wait for a better time to sell.
Bitcointalk sells too but they just don't talk about it. The users there they sell every day but they don't admit.
This tweet above is the epitomy of the Bitcoinner thought process. It is not about the dollar losing ground and not about the FED. They don't even know what is going on. It is an absolutely useless network of spam that uses millions of fake accounts, bought to boost their followers, like their posts and keep pushing especially when it is time for miners and these whales to sell.
The only thing the Cult cares about it is the bags and nothing else. They don't see progress in any other cryptocurrency, as they don't have any profit from it. They created the illussion that only Bitcoin is worth investment and all the rest are just fake copies of Bitcoin's code. A very dangerous argument that spreads negativity and hinders investment in actual innovation.
It is becoming a real problem as this close minded approach creates big problems in crypto projects that do not have big connections and backing by the network of exchanges (Binance, Kraken, Coinbase) and they just have to rely in the lower exchanges that can often extort projects asking for too many coins to list and later dumping their prices whenever buyers appear.
It is not just a huge problem for the least known startup projects that are striving to survive. It is also a growing concern for top projects that have suffered from Bitcoin abusing it's dominance and activating a huge mechanism of disinformation, that provides false intellegince and gives the wrong impression. Cryptocurrencies like Bitcoin Cash have suffered from this Bitcoin community abuse and censorship for for years.
The Bitcoin Cult is using all these years scammer tactics that have as a goal to silence every voice against their version of Bitcoin.
This is how scammers are advertising their Ponzi. Well done Peter Brandt you have successfully passed the test and can easily be a high level manager in the BTC Ponzi Scheme.
This is not just a simple post. It hits a certain target group, right where it hurts most. American youth with colleague loans and don't even know when and how they will repay them.
And mr. Peter Brandt over here has the solution. Gamble your money in Bitcoin, at a price of $60,000, up 1200% from a year ago and hodl. These guys are ruthless, they care not about any human being except their pockets. Obviously these sharks are getting ready to sell at the designed time and date.
The reason they can't sell and exit right now, is because there is no volumes. These sharks aren't playing solo, they wait for their food to come first and will then dump at a massive scale. As long as the market is only based on Tether, their only hope is to keep marketing Bitcoin and creating their fake stories about the economy that lack any substance and actual knowledge.
Meanwhile we have cryptocurrencies that should have been already above Bitcoin in their total market capitulisation. Ethereum is working towards creating the next internet, Bitcoin Cash is the top P2P electronic money, and there are more that each has it's own merits, development, communities and solve problems for our societies.
Bitcoin-BTC is not offering a solution to any problem. It offers even more problems with high fees and a congested network. But I give to Bitcoin this:
It has a great marketing that manipulates and decieves investors so much to make it look like it will be important for a long time. The illusion that it will keep rising because it was rising all this time and the unimaginary wealth it will keep giving to everyone that will just have to believe.
