Boo-hoo, the miserable none-coiners are feeling the pinch.
Trotting out the same, tired old 'warnings', the same furry old tax advice and various proclamations of what the future holds and how best to value it. Thanks for the advice, but you can probably assume most of us already know how much/little is sensible to invest, that HMRC like us to pay CGT on gains, how much use an IFA really is in this area and that trying to predict the 'market' is a fools game.
Given the nature of the product/game, you should assume that most people involved in crypto are smarter than the average bear, and are often far better informed than the doom merchants (Nobel prizewinners, banking CEO''s, politicians and other economic experts included) firing off their tired old Ponzi/tulip warnings.
Its only to be expected. The media, the banking and finance industries, governments etc have been bashing crypto since day 1. Day 1!! The sad thing is, you only need a modicum of knowledge to see how full of holes, desperation and factual inaccuracies these 'warnings' are. Yet, as with everything they read, many are happy to repeat the same tired BS, without doing any independent research (yes, this is the part of the post you quote while getting very indignant about all the research you have actually done........a) reading the Telegraph AND the Guardian does not count as research; and b) you're in the minority).
Old ideas of taxation, old ideas of economics, old ideas of how value is created and stored. Just, old ideas that we become affiliated to through use and exposure. Given the amount of sentimentality that washes through this place, clinging to old ideas, forms and concepts is to be expected. Indeed, it is often championed...
Just be sure to leave a pound-shaped space in that glass display case, next to the mechanical calculator and the bound copies of Top Gear Magazine.
What you have to remember is this; we got this far with no help from any official body or institution, no positive media coverage whatsoever, very limited mainstream adoption and all the while getting called-out as drug dealers and fraudsters! And yet despite this, the industry is now valued in the USD100's of billions. This is why governments are worried, because despite their best efforts, they havent been able to influence or direct this technology. And despite their efforts, it has grown, and grown and grown.
Beware grass-roots movements, they are coming to eat your lunch, spotted dick and all.
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