While your assets dump, don't look at the magician look at his hand to see the tricks.

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Avatar for francis105d1
1 year ago

News is developing worldwide, and the small investors don't have a chance because the retail investors are getting attacked by all sides. At the same time, the rich and powerful buy everything so that the poor own nothing in the future and the rich own everything. I guess you will own nothing and be happy is coming to a country near you soon. In the case of Bitcoin, we are seeing the centralization of the project more and more.

El Salvador accepted and passed a law to make Bitcoin legal tender in the latest news, but they are not making Bitcoin legal tender. They are making custodian services legal tender, especially if you study how Salvadorians have been using Bitcoin in Surf City or Bitcoin Beach city. It is all about custodian services, and probably in the future El Salvador government will look into printing its Bitcoin.

Meanwhile, in the United States, everything is going up in price, and the regular citizen feels inflation when he goes and buys food at the local store and gasoline at the gas station. Texas Senator Claims People Are Flocking to Bitcoin Because the US Is on 'the Verge of an Inflation Crisis.' And who wouldn't flock to Bitcoin if you see the price of all the essentials go higher than ever every few months?

But the inflation is thanks to the Federal Reserve printing lots of new bills and the government's blessing. Those newly printed digits on a screen given to corporations will seek tangible assets, and you will see headlights like Wall Street Giants Want to Be Your Landlord - Data Shows Megabanks Are Buying up All the US Real Estate. But of course, the rich will seek to buy all the good land and assets because they know that their newfound wealth is powered by money printing, so they got to dump those dollars into tangible assets that everyone needs, like homes, before those bills lose their purchasing value.

Banks will warn citizens not to invest in something before the big banks do. Otherwise, they risk upsetting the rich and powerful. After all, how dare the poor get into the market before the rich do. It would be best to let the rich eat first and let the poor eat cake. "Kenyan Banks Warn Clients Against Crypto Trading" is another news title that tells the poor not to buy something before the rich do.

And suppose your country is already a nightmare, and you are already pretty much just a peasant. In that case, the powers will make sure you stay poor no matter what by even deleting from the internet the information you could use to get yourself a boost in life. News titles like the following shouldn't be a surprise now "Russian Court Bans Websites Explaining How to Trade Bitcoin."

And if in case one of your little countries try to be your boss and try to circumvent the US dollar, the IMF will remind you who the boss is. "IMF Voices Concerns Over El Salvador Making Bitcoin Legal Tender." Even when El Salvador only makes custodian services like banks and legal tender, the IMF is already worried.

Because central banks expand the money supply, you get inflation, and once central banks reduce the money supply, you get recessions. As a result, both are designed to take the wealth that regular citizens have accumulated. And it probably won't change until people fully understand this, and probably only after a fight for the money that is honest is passed as law. Earnest money wouldn't allow for the expansion and retraction of the money supply at the will of central banks. I guess it is too late for gold, but cryptocurrencies could fill this role in the future.

If you use your Bitcoin Cash as a peer-to-peer currency and use it decentralized to acquire your goods and services, eventually, such a system will make all fiat currencies worthless regardless of who prints them. With a blessing from your government, the central banks are taking your wealth away. Gain it back by not saving their worthless fiat but by protecting your wealth in cryptocurrencies that work as currencies.

The best peer-to-peer currency is Bitcoin BCH because, in my opinion, it works as Bitcoin is supposed to. It will continue to improve in the future, adding more features than just money for the people and a financial tool for the people. SmartBCH will be the decentralized financial tool that will add more benefits to the current benefits that the best-decentralized money already has. SmartBCH will be a tool that will bring more economic freedom because it will allow for decentralized finance applications to be created in the Bitcoin BCH network. It will also get more users seeking new opportunities at a lower cost of operation than the competition.

While governments and central banks tell their citizens not to invest in the future, which is decentralized cryptocurrencies, governments and their institutions are buying, while market manipulators crash the market. You should concentrate and get even more satoshis because every price drop is an opportunity to reach even more satoshis. All the headlines in the news are just that news. In reality, what matters the most is that you are holding the most significant asset ever created by Satoshi Nakamoto, Bitcoin Cash. The powers of this world want to take what you already own, and for a discounted price, don't let them. If possible, look into buying even more Bitcoin Cash.

You know that gold will never be currency ever again because you know they will stop it with the power of a pen, just like in 1971. Still, with Bitcoin Cash, you can use money that can never be devalued or printed by a central bank, and as such, it will conserve its purchasing power over time. The FUD in the news is a tool the elites use to get you to sell your assets to the rich at a discounted price.

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1 year ago

Comments

This is just a practical case of how the world works the rich use their money to make more from the poor. I don’t know if I want to hold on to my Bch or sell it I am thinking maybe it’s time I branch into other blockcchains properly. But I will still keep some of my Bch and support the course because I love bch

$ 0.01
1 year ago

So keeping BCH in Portfolio as long term investment can give us more worth then keeping fiat in banks. Isn't true?

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1 year ago