03-07-2021, 11:36 PM
Trading Crypto made me witness the true face of society and its was ugly and sad
<!-- SC_OFF --><div class="md"><p>TL; DR - There is an underlying foodchain in our society. The things that you get are a product of where you are born. People on the top do not want you to grow. Whenever something revolutionary like cryptocurrency is introduced in the society. It gets a lot of hate and rejection from the people on the top because it gives common people a chance to attain a better life.</p> <p>When I started trading Bitcoin back in 2017, at that time the news media was very actively comparing it with a bubble and after its crash in the early 2018 I started believing the same.</p> <p>Later in Nov 2020 I again started trading Bitcoin and also came to know about DOGE and other altcoins. But this time I decided to learn more. I started reading news about crypto, the tech behind not just Bitcoin but other altcoins, I started studying the overall market trends from websites like coin gecko.</p> <p>While doing my research, I came to know that RBI (Reserve Bank of India) banned cryptocurrency back in 2018 which was later removed by the Supreme Court of India. Now again the Indian government is trying to ban all cryptocurrencies. The reason behind banning crypto was given that it could promote money laundering. </p> <p>I was like seriously. Are you kidding me? It was like banning internet because it could spread misinformation. Internet is a tool. People spread misinformation. Similarly cryptocurrency is a tool. How people use it, its up to them. Money laundering was happening before crypto and will happen after it. A common man does not have so much of money that he or she needs to launder it.</p> <p>Here, on reddit, there are stories of people who paid their home loan, student's loan, gifted their parents, paid their rents and much more just because of cryptocurrency. Let it be bitcoin or doge or nano, cryptocurrency is changing people's life. And not everyone is becoming a millionaire by trading crypto. People are earing just a little more than they used to and the government, financial institutions, rich business owners have a problem with it.</p> <p>It is so irritating and sad at the same time. If there are no life changing opportunities like cryptocurrency, then a common man's life will remain a struggle. Cryptocurrency offers a common man to live better, spend time with family, have a healthy life etc.</p> <p>We are not meant to spend 30-40 years of our life working in a cubical with no joy and no creativity. </p> <p>A common person, no matter how genius or strong, ends up working for a rich man or government. I hate this idea of society. </p> <p>I know that you already know all these things. Everyone knows but no one realizes how bad it is. I realized and I am angry after that. </p> <p>Thank you for reading.</p> <p>P.S. - I have written this post in the context of my experience of cryptocurrency trading in India. It may not completely reflect the scenario in other countries. Still its my personal thinking that many of the things stated in the post above are relatable to a wider audience.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/aidigvijay"> /u/aidigvijay </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lznv8w/trading_crypto_made_me_witness_the_true_face_of/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lznv8w/trading_crypto_made_me_witness_the_true_face_of/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>TL; DR - There is an underlying foodchain in our society. The things that you get are a product of where you are born. People on the top do not want you to grow. Whenever something revolutionary like cryptocurrency is introduced in the society. It gets a lot of hate and rejection from the people on the top because it gives common people a chance to attain a better life.</p> <p>When I started trading Bitcoin back in 2017, at that time the news media was very actively comparing it with a bubble and after its crash in the early 2018 I started believing the same.</p> <p>Later in Nov 2020 I again started trading Bitcoin and also came to know about DOGE and other altcoins. But this time I decided to learn more. I started reading news about crypto, the tech behind not just Bitcoin but other altcoins, I started studying the overall market trends from websites like coin gecko.</p> <p>While doing my research, I came to know that RBI (Reserve Bank of India) banned cryptocurrency back in 2018 which was later removed by the Supreme Court of India. Now again the Indian government is trying to ban all cryptocurrencies. The reason behind banning crypto was given that it could promote money laundering. </p> <p>I was like seriously. Are you kidding me? It was like banning internet because it could spread misinformation. Internet is a tool. People spread misinformation. Similarly cryptocurrency is a tool. How people use it, its up to them. Money laundering was happening before crypto and will happen after it. A common man does not have so much of money that he or she needs to launder it.</p> <p>Here, on reddit, there are stories of people who paid their home loan, student's loan, gifted their parents, paid their rents and much more just because of cryptocurrency. Let it be bitcoin or doge or nano, cryptocurrency is changing people's life. And not everyone is becoming a millionaire by trading crypto. People are earing just a little more than they used to and the government, financial institutions, rich business owners have a problem with it.</p> <p>It is so irritating and sad at the same time. If there are no life changing opportunities like cryptocurrency, then a common man's life will remain a struggle. Cryptocurrency offers a common man to live better, spend time with family, have a healthy life etc.</p> <p>We are not meant to spend 30-40 years of our life working in a cubical with no joy and no creativity. </p> <p>A common person, no matter how genius or strong, ends up working for a rich man or government. I hate this idea of society. </p> <p>I know that you already know all these things. Everyone knows but no one realizes how bad it is. I realized and I am angry after that. </p> <p>Thank you for reading.</p> <p>P.S. - I have written this post in the context of my experience of cryptocurrency trading in India. It may not completely reflect the scenario in other countries. Still its my personal thinking that many of the things stated in the post above are relatable to a wider audience.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/aidigvijay"> /u/aidigvijay </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lznv8w/trading_crypto_made_me_witness_the_true_face_of/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lznv8w/trading_crypto_made_me_witness_the_true_face_of/">[comments]</a></span>Kind Regards R