Bitcoin will drop to zero! Crypto will be banned and everything will fall! ? All money will be taken, and accounts will be arrested! If you have been in the crypt for more than 2-3 years, you have probably heard these slogans and assumptions many times. We have been following the digital asset market for more than 6 years, and it is becoming more and more like a traditional one, where media plays the most important role.
Google and other search engines stopped the growth of crypto in early 2018, lowering the rate with bans and exposures. Positive and negative actions and statements of the richest people moved the course in one direction or another. News of a quantum attack on China's private keys or bans, followed by a 51% attack on the network from the same China, or vice versa. Greenpeace and pollution, not environmental friendliness of mining . Tesla buy Bitcoin , or Microsoft did not buy - all these things harden the market, but do not affect the code of Bitcoin . The miner's reward will decrease with each halving , and the amount of green energy used in the process will increase. Some projects will not withstand competition with others, scams will appear and disappear. Exchanges will bankrupt each other and use their political and financial influence to eliminate and clear areas for growth. All these processes will be accompanied by a rise, fall or sideways course.
Bitcoin or another crypto cost? And what is value? Is it a dollar amount? Previously, for $100 (for example, in 1899), you could open a huge store and hire people for $1.50 a month. And now it's enough to fill up the car, but there won't be enough for coffee. Bitcoin should be compared to the value and opportunity it provides now and will provide in the future. Of course, the exchange rate difference of $15,500 and $67,000 for one bit is significant, but at $15,500 for one bit , you can buy even more Netflix shares , which have fallen eight times over the same period of time. Everything in this world is relative. And how many more dollars will be printed in the future? And if the Fed suddenly stops raising interest rates in the United States?
So why is Bitcoin so valuable? It is valuable for its code and the deflationary model embedded in it , all backed by the most powerful and reliable network in the world, guaranteeing you ownership. Confirmation of an action that no one can change. A value that has no vulnerability from the outside. Any registry is erased, tomorrow an official or a judge will take a bribe, and your real estate will no longer be yours. The bank or stock exchange will block the account . This will not happen with Bitcoin , with proper storage of your private keys, you and only you will always own your crypto. Crypto is one of the enabling tools of the financial world. Add it as a dilution of your asset portfolio, divide it into three or four useful crypto projects, among which Bitcoin will take the lion's share, and enjoy, or cry, but remember, until you get out of the crypto, fixed the negative, you are not in the negative. Bitcoin will thank you for HODL and punish you for taking drastic steps.
