What's the Distraction?

Sooooo the world is going completely mental on the crypto industry and yes I am invested but still doesn't stop me asking questions about why the frig did I not hear anything really about cryptos 2 months ago and now it's all I see and hear? Hmmmmmm the banks are trying to get on board which kinda defeats the purpose of a crypto, pharmaceuticals have been mentioned it's getting chaotic!  

If I make some money out of this and I will, great, I haven't invested enough to lose anything that is going to make me fall into a pit of depression but I have made a good profit on what little I have invested so it's no biggie to me.

My question is WHAT IS THIS ALL TAKING OUR FOCUS OFF? Hmmmmmmm........

Nan

Supply and demand, who creates the trend creates the market

https://en.wikipedia.org/wiki/Tulip_mania

http://money.cnn.com/2017/12/08/investing/bitcoin-tulip-mania-bubbles-burst/index.html

https://www.investopedia.com/features/crashes/crashes2.asp

Yeah I have been watching and if anyone goes on twitter or facey or whatever and talks about a coin it will pump so if you smart you will get out because  then it will dump big time. Very market driven and very hype driven!

But my point is what is this mania covering up, purplez and I were talking and it's like the dinar all over again!

I see your point Nann and it's a very good question. However it's really not quite the same as the RV thing. IMO (OMG I'm beginning to talk like a guru.) anyway IMO the thing with the Crypto's is more a matter of Control. TPTB cant control crypto's. If they cant control it they cant tax it. But ultimately if it cant be controlled or manipulated it must be destroyed. This of course is the plan underway now but also in the process they will suck every bit of profit they can. What remains to be seen, is who will hold out the longest? The millions of 'little guys' holding cryptos or the 1% holding massive quantities of coins to try and manipulate then destroy the market. It's a very volatile and fickle market and certainly not for the faint of heart... Either way it goes for Cryptos, BlockChain Technology is here to stay and who knows what that will evolve into, because ultimately that's what's really the issue that TPTB are struggling with that they can't control and it's driving them crazy... like I care. lol

Well... I got into Bitcoin very early, so it's been ALL good for me.  My advice is: keep it simple.  Don't carp for the hype.  I stick with BTC because, (1) It is the one people look to for the value of other coins  (2) It is well established and moves up and down on a fairly predictable pattern.  You can build your holdings by buying the dips and selling some of it at the peaks.  Just be sure that when you sell, you keep the $$ on hold for your next buying opportunity.  The other newer alt coins are going to go through a shake out period and I think, unless you like to gamble, it's best to wait awhile to see which ones have legs.  Just MHO.

For sure Ann.  

Gut feeling

Like Guru Marty ;-) said

If they can't tax it what do they do?

Hijack it and claim it's the way forward under their guidance of course