Exciting times are they not? Bitcoin got blown off by the ASEC {American Securities and Exchange Commission} and that might actually proof to be a good thing. Well, first of all, there was only a relative small glitch on the crypto market. The price for BTC only dropped steep for a split second, and went back up again. And it is still recovering, I know, but if the ETF {Exchange Traded Fund} were to be considered that important, it should have crashed real bad. Even just rumours about a country in the far-east would have caused more damage than this. When I saw this unfold before my eyes it gave me a different insight.

This rejection by the ASEC could actually well turn out to be a real blessing in disguise! Look at the total market cap, look at the price developements of the major cryptos, they are still rocksteady and climbing. So, how could that even be possible, right? As it has been hyped a lot, as if it were needed by the crypto realm. And I also could see how an ETF could have had a positive effect on future price developements for cryptos. And yet, what is in fact happening might be explained in a simple way. Because the reason for the ETF blow off could be summerized as: "CRYPTOS CAN NOT BE CENTRALY CONTROLED!"

And this is not only the case, currently, for Bitcoin, it would be the same reason for Slothcoin, STEEM or whatever crypto to be denied (in)direct access to the traditional financial markets...

"Why the long face", said the bartender to the horse...

Cryptos, the decentralized public blockchains, they got recognized as being unable to be put under central control, by any government, country, banks and so on! What is it that an alternative economical system (free of debt mind you) wants to be put under a kind of central command, voluntarily? That is so different from the idea behind Bitcoin and all the other decentralized public blockchain based cryptos. Satoshi Nakamoto, if that is to be a real human or a group does not matter, would not want that to happen. It is about trustless open ledger transactions, free of debt, instantly, low to no costs. But never was acceptance by the traditional financial system a major goal, as far as I know. It contradicts with what decentralization is supposed to be. So, be happy, the traditional financial system rejected Bitcoin and all related!

Celebrate that cryptos got acknowledged

Sure, from my point of view, any company, in the traditional fashion, should be able to sell shares, of any kind, backed by what ever to be considerd to hold any kind of value. No matter if their equity capital is connected to Bitcoin, or any other type of crypto for that matter. And if the Winklevoss Bitcoin Trust got their ETF, who knows what that news could have done for the market cap of cryptos. We will never know and I guess the Winklevoss brothers still will make a nice profit on the Bitcoin they started to put in cold storage, years ago. They know how to make some dough, don't you worry.

There is no reason, as far as I can see, to feel sad about this in any way, really. When an old traditional financial system, that is in many layers already bankrupt to the bone, blows you off, maybe it is even better to shout out loud: "THANK YOU!" There should be people dancing in the streets, celebrating, the 10th of march 2017, blow off day! The liberty fest of the crypto realm. We are truly free!

Moving on!

Huge build up, short blow off. Moving on, business as usual. There are so many sorts of crypto markets already online. Which, when you come to think of it, fits right in there with the blockchain technology. This started as a decentralized system and it became big that way. Well that is perhaps an understatement. With a current Market Cap of about 23 billion it has become difficult for critics to keep up a claim that it is just peanuts. That they still don't seem to get it, could just be another big advantage to those involved in cryptos. So what if the traditional financial system blew off the cryptos, again! The crypto public blockchain realm is happening online, it is decentralized, trustless and it is free for everyone to be a part of it.

Aaaaaand... Moving on, keep them blockchains rollin'!

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