Fantastican tekst!
Why would anyone sell?
- Bitcoin now costs the same as it did the day after Thanksgiving.
- Ethereum costs the same as it did on Jan 2.
- Neo is currently twice as much as it was Dec 21.
- Monero is at 233 and it never broke 200 until this past December.
- Cardano is now right where it was in mid December.
It's too bad people are glued to their hourly account balance and missing out on the big picture. Emotionally distraught people are selling. Financially wise people are buying. This summer, there is going to be alot of bitter folks that wish they never logged into their accounts on Feb 1 2018. Countries around the world are not banning crypto. They are simply cleaning things up and gearing up for full blown legal crypto. Sure, there will be new rules but crypto is here to stay. If tomorrow marked the final day of cryptocurrency history, I could understand the panic and the selling. However, do you think the Canadian gov't would be using Ethereum for record keeping if crypto was in trouble? Would IBM be partnering with Stellar if crypto was doomed? Would Microsoft be sponsoring NEO dev competitions if crypto was ending? Would Samsung be pouring big money into building and selling cryptocurrency mining chips if Crypto was truly in trouble? Politicians are pumping the breaks until they figure out how to cash in. They did they same thing with daily fantasy sports, online poker, gambling, and cannabis. In 2015, Daily Fantasy Sports was legal in 45 states. In 2016, it was legal in only 10 states because politicians wanted to shut it down until they figured out how to make money off it for themselves. Today, DFS is legal in 41 states. That's right, from an unregulated 45 (2015), cracked down to 10 (2016), and now that politicians can make money off the regulated industry, it's legal in 41. Folks, crypto is going through the growing pains of becoming a full blown accepted industry. Check out online poker...
- 1995: The first online poker websites appear. Everyone made money except governments.
- 1999: Republican from Virginia, Robert Goodlatte, tried to shut it down with a new law. People panicked and cashed out. His law never passed. It was defeated.
- 2003: Thanks to pressure from the Justice Department, most banks blocked customers from sending money to poker sites
- 2005: The world's largest online poker site (PartyGaming) went live on the London Stock exchange the same year that a Republican from Iowa tried to ban credit card payments on gambling sites. His bill never reached the Senate floor.
- 2006: Goodlatte is back again. Tries to ban online poker/gambling. He is defeated again.
- 2006: President Bush signs the Unlawful Internet Gambling Enforcement Act, banning the transfer of money to gambling sites. Everyone cashes out.
- Today: New Jersey, Nevada, and Delaware have legalized it. People in every state freely use offshore sites. Banks are no longer blocking payments.
Whether it's online poker, cannabis, daily fantasy sports, or cryptocurrency, the people vote with their wallets. Sure, governments always get involved so they can make a buck too (if it was about our safety, health, and well being then guns would be outlawed). Hold your coins if you haven't sold. Buy coins this weekend at a massive discount. Embrace the future. Expect dips along the way. We are riding a climate change graph that continually trends up. So what if there is a record cold winter here or there. The zig-zagging line is trending up from year to year. Hold and/or buy. You will have major profits should you choose to sell this summer, fall, or in 2019. Keep your eye on the prize, stay off reddit, stay away from "news", and trust your instincts when you realized months or years ago that this was an unstoppable revolution: the future.
![[SAJ]ber Kurajber](/data/avatars/m/4/4607.jpg?1719193757){kind=avatar}
