Legacy money is definitely on the attack. The media is there to do their bidding.
Unfortunately, I’m afraid this will get a lot worst for cryptos before it gets better.
 https://steemitimages.com/0x0/https://cdn.proceso.com.mx/media/2012/09/pf-3502120215_BM_2_gc-1-c.jpg
BIS Chief Fears "Systemic Threat" Of Bitcoin, Urges "Pre-emptive Action" From Authorities

That's so true. The urge to jump 7 years in the future, to see where we are at that time is huge though. I'd need the money I got in 2025, so that I can invest it now!
I'm still struggling with the spacetime and dimensional effects this will have on this universe, but I'm working on it and about to start my DeLorean any moment.
In case this experiment goes wrong, I'm already saying sorry for the destruction of this universe and I hope to see you in another universe soon! 😀

This is actually totally heartening to read TM.   As a traveler, I'm a huge believer in the power of crypto.

Yesterday I wanted to move some money from my account in Australia to my account in the US.  I've now learnt not to use the Banks SWIFT system because it takes a long time, and they'll often charge a $26 fee.  I've got a Paypal account linked to my Aussie bank and a different Paypal account linked to my US bank.  

The actual transaction within Paypal was quick... a matter of minutes... but the transfer to bank to Paypal... and then Paypal to US bank is taking days each.... AND Paypal charged a $7 fee to transfer to 'friends and family'. 

Add in the confusion of the AUD/USD conversion, and I have no idea how much money I've lost in this whole process.

Yet... I can transfer STEEM to anyone, in seconds, without fees, and there's no conversion math.

Investors might be scared at the moment, and that's fine.  The price of crypto shouldn't concern us.  It's a better system, it's a better product and it will win out.

All those news channels will eventually run out of viewership as their biased reporting drives people to independent media.  I love the Phillip DeFranco show on YouTube.  He is completely unbiased and is paid via his fans.  That's how the news should be.

The first unbiased news channel to gain traction on @dtube is going to make a lot of money.

this correction is the longest since the existence of crypto but those who the up's and down's will HODL it only last 5% of it would be in gain at last

Great post. Banksters feel threaten. Resteem.

I have been a silver stacker for a while. We see the same bankster control in the precious metals market. I think both crypto and precious metals are the future of money and wealth. This means the banksters will be out of business. They are not going to give up with out a fight. Great post. Enjoy hearing your perspective. Keep it up

HODDDDDDDDDL 
;)

**It's time for war. But it will not be an equal fight. Banks will not be able to resist the blockade. Exodus, I sen, it remains only to wait until the end. Good luck to you and Love.**
>Пришло время войны. Но это будет не равный бой. Банки не смогут устоять против блокчейна. Исход ясен, осталось только дождаться конца. Удачи Вам и Любви.

Your title indicates that most users will get rich. I assume you only mean active users. But even then, the numbers from your post yesterday seem to indicate something totally different.

Based on your numbers from yesterday, 5% of active users own 98% of MVests. The influence of whales is very slightly decreasing, but at current pace we might be lucky if 10% or 15% of the users will enter the group that owns 98% of the Steemit value.

And even if that happens, the majority of those 5% that have a little something are minnows. Currently their account value is on average $4k. Even if this goes up by factor 10, they are far from rich!

I can see a major upsurge again in BTC price once bankers and major financial or business institutions starts to buy in for the cheap cryptos and begin the cycle again as they already knew how these markets tick.

Fear is getting along time to do some cool things or we are doomed we need  more mainstream highlight

Hey!

I like your post, I will follow you!



Useful information about the day opening price, For all current and future readers.

Today's date 17/03/2018:
Bitcoin: 8509$
Ethereum: 612$
Ripple: 0,70$
Bitcoin Cash: 998$
Litecoin: 168$
NEO: 66$
Cardano: 0,18$
Stellar: 0,24$
EOS: 5,2$
Monero: 220$

Have a good day everyone!

![it-is-well-5aad0c.jpg](https://steemitimages.com/DQmcrTjwcFLcjJ3WeWNPz2dPPfsEfzhWFTYkHngF45wj1E6/it-is-well-5aad0c.jpg)
Henry da Ford

True words. It is kind of entertaining when bank managers make statements, crypto is bad for this and that. My big fear is, that they are not forced to sell better products but assimilate the blockchain like the Borg in the long run... Let's hope this will not happen.

Great Post and nice picture..![DQmZ7GAtJEmsiP5GW5cYFyVWW9KqjwVYZ1yJ9QQ4T8zP97C.jpeg](https://steemitimages.com/DQmeWYgsD8aDXa5d8oFRGdkjUw9qqs3BTtcpsjfVqx5b7hC/DQmZ7GAtJEmsiP5GW5cYFyVWW9KqjwVYZ1yJ9QQ4T8zP97C.jpeg)

Thats a true thing. Great blog post. Upvoted and followed

nice your post

First they ignored. Then the did see the possibilities of the cryptos ans their underlying blockchainand they started to fear and could see their main reason for existence vaporized.
So they have to start a war against crypto!
A wat which they will probably loose. We will prevail!!!
Do you know why they support Ripple? Cause the ripple blockchain can be used without Ripple! That’s something that a lot of ripple investors don’t know or jus neglect. But they to remeber that the banks are fierce creatures and they are wounded!

One way to tell the banks are concerned is that they created this product "zelle" and are promoting it heavily. It is an app to send money from person to person electronically.

Very useful information and knowing about these resources, we learn more about cryptography! Thank you

good job man

For future viewers: price of bitcoin at the moment of posting is 8055.00USD

The crypto market is going to tank every other financial market and it is the inevitable truth! We can turn our faces against cryptos but at the end we cant run away from the fact that it is the future. The market crash which happened is nothing compared to the heights Bitcoin and altcoins are gonna reach!
One day when BTC hits that 500K mark, people will regret turning their back against it.

J.D.

It is not in the best interest of the bank that the crypto currency arise as a means of payment or that it is accepted by all the trade as a means of payment since that will bring you loss and the flow of money will decrease considerably.
that's why the fight that exists against bitcoin and for that reason this imbalance that exists with the crypto currency.

When people parallel this to the tech bubble I remind them that out of that bubble we now have Amazon, Google, Applle etc. There will arise industry disrupters out of the blockchain/cryptocurrency "bubble".

Indeed the FUD is real and they are doing everything they can in order to put it down and have them retain their place in the sun a little bit longer. 

We all know how the Blockchain technology will make them extinct. 

Who needs the bankster who are acting like middlemen and gorging themselves to money that it is not theirs. 

This technology is something they can only push back for sometime but most entities and companies have already seen the potential for mass adoption of it. 

>Cryptocurrency and blockchain are going to crush the bankers. This action proves it. There is no way to defend against the Internet coming to your industry. When it does, the fallout is great. Just ask the newspapers, magazines, record companies, and video cassette rental places how that worked out. While we are at it, perhaps we could look at how AT&T's long distance division is doing. All these were obliterated by the Internet.

There goes the boom!

Good write up! I agree that the bankers control the media and spread FUD on purpose. Idd they can't stop it, maybe delay a bit. I think the adoption of Bitcoin will go way faster than the adoption of the internet because now we have the entire internet infrastructure already where Bitcoin is communicated on. I think really soon we go main stream, and another difference with the internet is that here a lot of money is to be made by coming in earlier than others (at least in a more direct way). This could cause a 'race' where adoption happens hyper fast.

If people start using crytpocurrencies in their every day transactions, peer-to-peer (keep it out of the exchanges) more and more, the fiat monies controlled by the bankers will get used less and less. 

* Start offering to pay your friends and family back in cryptocurrencies. 
* Chipping in for something? Offer to do it with cryptocurrencies.
* Accepting a private ride share? Offer to pay them for gas with cryptocurrencies.
* Paying the babysitter, landscaper, housecleaner, etc...? You guess it... see if they will take part of it in cryptocurrency.
* Bartering? Same thing. 
* Yard sale? Make it easy for the people buying to pay with crytpocurrency.

i'm definitely holding through the fud. you are so right to point out the market manipulation by the mainstream news. it's in their best interests to slow down the inevitable rise of cryptos, but still *we shall rise!* thanks for the positive prognosis... hoping for some rise in the next few months ;)

Great post!  The banks are already concerned!  If you look into their SEC regulatory filings, the bigger banks like Bank of America and JP Morgan have already disclosed the risk of cryptocurrencies to their business model.  However, the masses control those companies as we deposit our fiat so they can invest it.  So, a reasonable strategy is to transition into the future economy where no one should control our money.  Being a contrarian is tough but pays off in the long run if played correctly.  Stay the course and let the opportunity play out.

Thanks for the great article. It's crazy to think that these select bankers and investments own major news and media outlets from Yahoo News to Fox to Disney/ABC. 

>Many of the same companies show up. Blackrock, Vanguard, Morgan Stanley, and State Street. They are the largest holders in four of the major media companies.

That's pretty wild. 

Still I look forward to these upcoming years because it's only a matter of time before people realize how they can free themselves from the bank while maintaining the security of their data.

I wonder if the fud is basically market manipulation... Wasn't it Wall Street (controlled by banks) that boosted the market in November? They've obviously taken profits, but I have a feeling they'll be back, and the media will temporarily 'forget' how 'evil' digital currencies are... just long enough to pump them again...

Banksters for reasons are creating FUD. They just woant to get in cheaper. Blockchain technology and cryptocurrencies are the future even they can't reject that.

The most pathetic with FUD is Bloomberg...

>If you have some cryptocurrency, you are destined for massive wealth. 

It’s a tough job, but *somebody* has to do it.

I’d be happy with being comfortably well-off, but if it’s instead massive wealth, so be it.

Bitcoin....a screaming BUY if prices get back to $6000 which the origin move to $17000, then when price came back down in Feb, the buyer bought again and took price to $12000.  

![](https://steemitimages.com/DQmYwNneN6WqYKyu4A9Fr3KPi5sq8xtUR5o2fVqDwUo1jp3/image.png)