Bitcoin Helps Users Avoid FTX Crash – Bitcoin Magazine
This is an opinion editorial by Heather Everdeen, a mother, Bitcoiner and lifelong learner.
Dear friends and family,
What I want you to understand about FTX is that these are fiat issues, not Bitcoin issues. Bitcoin is unaffected except for its fiat exchange rate. The Bitcoin price is affected because of all the pressure on these exchanges and funds to sell their assets. Bitcoin is one of the most liquid assets out there; it’s easy to sell immediately when you have to. There is still a new block about every 10 minutes. Bitcoin continues to run, unaffected.
FTX was about money, money laundering(?), power, corruption, attempts to bring about American regulation that only benefits those closest to the money printer. All while ordinary people chased more empty fiat gains.
We cannot create a better world until we stop chasing gains based on dollars and start saving and planning for our future instead. I don’t know about you, but I want to build a better world to leave my children and grandchildren in the future. I am not OK to leave it to them like this.
All these exchanges are houses of cards. Many more will collapse. While there will be more cryptocurrency exchanges, I’m basically talking about all things fiat: banks and hedge funds, pensions, 401(k) plans, fiat companies, etc. I don’t have a crystal ball, but I’ve seen the future. If I trust that vision, bitcoin wins. I think so. We’ll see.
I have also spent the last five years and thousands of hours – probably over 10,000 hours now – studying money, the financial system, trading, currencies, the Federal Reserve, central banking, cryptocurrency, Bitcoin, and better economics than we are. taught at school – Keynes was horrible.
Although it can be annoying, I talk about it so much because I see what is happening and I want to help my friends and family. Our monetary and financial system was set up to be complex and confusing on purpose. They don’t want people to understand it, because if they did, they would riot. This is why the little guy gets cheated all the time. It was designed this way.
This monetary system is not sustainable and will fail. We will see it happen in our lifetime. It’s happening right now.
There is another way: buy, hold and use your own bitcoin. Be your own bank. No middlemen, just you and your own money. Use the system that was designed to free people and not the one that was designed to enslave people. My “vote” is with my money. I vote to get rid of these fiat chains and low vibration systems and be a free, sovereign being. I use bitcoin.
You should too.
This is a guest post by Heather Everdeen. Opinions expressed are entirely their own and do not necessarily reflect the opinions of BTC Inc or Bitcoin Magazine.
