DislikedBitcoin is showing all the stages of Wyckoffian accumulation right now at this price level. Very, very wealthy people are grabbing it now. And when they have as many as they can shake out of people, the price is going to pump. It's how all markets work. It's what makes them work. It's why they move rather than stay at the same price (i.e. intrinsic value+an expected return on business growth delta) all the time. But on the topic of BTC viability: A digital and universal form of payment, made secure by everyone who mines it, and who are paid for...Ignored
Ok, nobody loves governments, banks, the rich, globalism, commonalty, "the system"..... so if it would be a real alternative to all these, people will embrace it right away.
Bitcoin is a beautiful idea.
But bitcoin has now a problem with the credibility since it looks like a burst bubble.
Excuse me, let's be reasonable, you can't call someone stupid just because is not buying an asset looking like the bitcoin on the chart, no matter who you think you are and no matter how smart you think you are!
After the crash, the aggressive lobby for the crypto is made only by idiot dreamers, ignorants, trolls, haters, morons, payed influencers, anarchists, crypto business guys and crypto holders (like that vataugabriel hysterical imbecil here, above) who bought bitcoin big at high price and now they are going to be left crying and holding the biggest bag of odorous excrement in the history of capitalism.
We all wish to skip the governments, the banks, the greedy rich... doing peer-to-peer fair business, in a crypto-heaven world !
But I really doubt the politicians will ever let this butter and honey current fiat to slip out of their hands forever!
edit: the politicians they are not coming from other planet, the politicians is ...us, ...it's the human nature for some of us to rule by the law and finance!
This history of beautiful individual ideas against the system it will never end, and it will be repeated over and over again in many different appearances,
and the war for crypto revolutionary technology is just one of it.