Another important stress test for bitcoin (stop panic-selling!)

Bitcoin is a 13-year-old young’un who’s already seen a lot. It was born in the woke of one of the worst financial crisis in modern history, and it has already survived a global pandemic and the 2017-2018 craze-turned-chaos, the first (of many) crypto frenzies that nearly broke the system and killed the market. But it didn’t. And now there’s a war.

Naysayers and ‘status-quoers‘ (is that even a word? Whatever I just made it up) will continue to cherry-pick data and timeframes to support their narrative that bitcoin is useless. But it doesn’t matter. They can stay away from it if they don’t like it, I’ll buy it.

Bitcoin has been called a currency, an asset, a fad, a scam, a hedge against inflation. It has been called many things but the only thing that’s proven to be true beyond recourse and objection, so far, is that bitcoin is essentially a technology that’s completely immune to opinion. It doesn’t do what you want it to do, and more to the point, it is immune to FIAT. In other words, it is immune to “because-I-said-so’ dynamics that rule the world.

The ongoing tensions aren’t helping, and the fact that social media and legacy media outlets make a mountain out of a mole hill isn’t either (generally speaking). I realise and understand that many will panic-sell and liquidate their positions to “get out while we still can”. But they’re wrong.

This is another important stress test for bitcoin, but it isn’t first, and it won’t be the last, and it isn’t the worst.

Please note: I don’t wish to downplay nor magnify the situation but I only talk about crypto, not geopolitics. If you’re reading this, I hope you are safe and happy.

I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, Xmr, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Xmr: 8BZ1CtEoQsu1AekeSRmum5Y9o15RGjnbGbY34EertEYxYtXLsTwsH4bHQQrDf1Azz2du9h6NucR5aTxtMHpKRH38QhCkDu6

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13

Doge: DD7use8x8Zw37XumJcwQxfkiqYR4eo5pjF

Use this link to get a discount on Undone Watches

Use this link to get a discount on your first Glovo order

Use this link to get up to $250 in crypto on your first deposit on BlockFi

Use these links to get free crypto on your deposit or Binance

Use this link to get free diamonds use my CoinmarketCap code

Leave a Comment

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s