The collapse of bitcoin, priests and heaven – finance

In connection with the current storm in the stock market, a question arises that fans of bitcoins and cryptocurrencies in general do not dare to ask themselves. This question is: how much is bitcoin? Less than $ 20,000 like now? Or $ 100,000, as some experts predicted?

Crypto fans do not dare to ask about it precisely because they are in love, and love is by definition blind. As in real life, when our partner disappoints us (but we are blue for him), we find excuses not to leave him, to stay with him in spite of everything.

For bitcoins and cryptocurrencies justify the current collapse (we are talking aboutbitcoins have fallen by 65% ​​since the beginning of the year ) all found. One of them is that if cryptocurrencies are drinking today, it is the fault of central banks that have raised interest rates for too long. Due to this delay, inflation has risen too much. This is ridiculous as an excuse, because enter Google, and you will see that it was those who sold us bitcoins and other little brothers of the same kind who told us the exact opposite a few months or a few years ago. They explained to us that these cryptocurrencies are the future, that they will protect us from inflation and from the excesses of central banks. In short, cryptocurrencies have been a hype and ordinary currencies will soon be a thing of the past, full of this new world that is being offered to us. Well, I can’t wait to see, but we’re still a long way off.

Better yet, I read the words of another cryptocurrency lover who said thatthe current decline needs to be considered in perspectivethat you need to stay calm and that you need to look to the long term. This is even funnier because it is the same argument used by traditional managers when stocks fall more than usual and the customer panics. We need to reassure him in the long run. A long-term hit is the story of 3 piglets from our childhood, it allows us to sleep faster. It is ridiculous to see that lovers of the currency of the future use the same very petty arguments of bankers today: to be positive during the collapse of markets – a tactic as old as the hills.

But be careful, crypto-evangelists say they are different, that their world is made up of milk and honey. The “problem” is that when the clues turn dark red, they speak like priests of past centuries. Namely, that you must come to terms with your destiny here on Earth, so that tomorrow there, in heaven, will be more beautiful. Yes, the stock market paradise is a long-term prospect.

Cameron Winklevoss, one of the world’s leading cryptocurrencies, recently tried to reassure us that “this year’s bitcoin lows are the highs of 2017. And so, yes, we have to play cryptocurrency in the long run. ” The statement was made before last Saturday, when bitcoin fell to $ 17,600. We return to the question at the beginning of this text: how much is bitcoin? I’m ashamed, I don’t have a serious answer to offer.

Crypto fans do not dare to ask about it precisely because they are in love, and love is by definition blind. As in real life, when our partner disappoints us (but we are blue for him), we find excuses not to leave him, to stay with him in spite of everything. For bitcoins and cryptocurrencies, the justification for the current collapse (we are talking about the fall of bitcoin by 65% ​​since the beginning of the year) has been found. One of them is that if cryptocurrencies are drinking today, it is the fault of central banks that have raised interest rates for too long. Due to this delay, inflation has risen too much. This is ridiculous as an excuse, because enter Google, and you will see that it was those who sold us bitcoins and other little brothers of the same kind who told us the exact opposite a few months or a few years ago. They explained to us that these cryptocurrencies are the future, that they will protect us from inflation and from the excesses of central banks. In short, cryptocurrencies have been a hype and ordinary currencies will soon be a thing of the past, full of this new world that is being offered to us. Well, I can’t wait to see, but we’re still a long way off. Better yet, I read the words of another cryptocurrency enthusiast who said that we need to consider the current downturn in perspective, that we need to stay calm and that you need to look at the long term. This is even funnier because it is the same argument used by traditional managers when stocks fall more than usual and the customer panics. We need to reassure him in the long run. The long-term hit is the story of 3 piglets from our childhood, it allows us to sleep faster. It is ridiculous to see that lovers of the currency of the future use the same very petty arguments of bankers today: to be positive during the collapse of markets – a tactic as old as the hills. But be careful, crypto-evangelists say they are different, that their world is made up of milk and honey. The “problem” is that when the clues turn dark red, they speak like priests of past centuries. Namely, that you must come to terms with your destiny here on Earth, so that tomorrow there, in heaven, will be more beautiful. Yes, the stock market paradise is a long-term prospect. Cameron Winklevoss, one of the world’s leading cryptocurrencies, recently tried to reassure us, telling us that “the lowest bitcoin values ​​this year are the highs of 2017. And yes, yes, you have to play cryptocurrency for a long time. ” The statement was made before last Saturday, when bitcoin fell to $ 17,600. We return to the question at the beginning of this text: how much is bitcoin? I’m ashamed, I don’t have a serious answer to offer.

.