We should have gone to 60-80K last time.
Futures killed the run prematurely.
Maybe, to 'compensate', we will go 600-800X this time instead of even lower multiple (32X).
Futures killed the run prematurely.
Maybe, to 'compensate', we will go 600-800X this time instead of even lower multiple (32X).
Autism overload. It's not possible for the price of Bitcoin to go to the moon and not have mining massively expand to match. Nobody would ever buy an $80k Bitcoin if they can just mine one for $3k cost of production. But it's not really possible for mining to increase by something like an order of magnitude or it would probably use more power than the entire United States. In other words, the Bitcoin pump and dump scam is now butting up against the limits of the natural world for how high it can be artificially rigged with Tethers.
The price of Bitcoin will go as high as the next speculator wants to pay for it; hashrate will follow.
Zerohedge demographics, at least on the comment section, is middle aged to 60+ year olds... those with descendancy will eventually leave their gold to their kids, kids which will eventually diversify into Bitcoin.
You can lie to yourself and everyone else all you want, it won't help. Bitcoin has zero fundamentals due to transaction validators being designed to centralize, so it's a non-fungible, permissioned ledger, govt tracking system that abolishes the 5th amendment. Then the Lightning Network is another scam recreation of the already existing banking system, but even while being a scam to bait and switch everyone into the same banking system as before where every single transaction is routed through a bank, inherits the base layer scaling problems and doesn't even scale enough to onboard people dumb enough to sign up for it.
There is nothing whatsoever 'inevitable' about the entire planet tripping over their own feet to sign up for such garbage. Even if it had good fundamentals - it doesn't - the world could still completely ignore or boycott it anyway. You're just another garbage millenial who was spamming bullshit like "HURR ETHEREUM WORLD COMPUTER" a few months ago until the bottom fell out of that scam and now you've moved to a new scam. In the end, the only thing that actually matters is fundamentals, and metals have them all while imaginary, valueless, centralized, permissioned ledger shitcoins have zero.
I have been calling Ethereum a scam for years. As far as Bitcoin mining centralization, contrary to popular belief, we are going towards decentralization.
Every day Bitcoin survives with 0 censored transactions is another day you are wrong, thus poorer.
Russia and China aren't stacking imaginary, valueless, digital shitcoins you fools:
https://russia-insider.com/en/economics/putin-dollar-threat-russian-security-does-not-deserve-be-world-reserve-currency/ri27241
Gee, I wonder what possible replacement to the dollar could be he's talking about? Could it be? Physical metals???
https://russia-insider.com/en/economics/putin-dollar-threat-russian-security-does-not-deserve-be-world-reserve-currency/ri27241
Gee, I wonder what possible replacement to the dollar could be he's talking about? Could it be? Physical metals???
Imagine being deluded enough to trust gold accumulation charts given out by governments as truth. Meanwhile you can objectively know how much a Bitcoin address holds.