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[–] [deleted] 2 pts

Chart is useless, you can print a million dollars faster than you can mine a million at todays prices energy wise. They are including band building and such. So how much are the data center entire energy cost in china, they are as large as factories with 1000's if not 10,000's of large tall servers that need aircon systems, lights, and other services.

Plus all the people in homes with $100 a month light bill added cost for the bitcoin computer running 24/7 with a vid card that is hot as fuck. This chart is bullshit.

Now for bitcoin it needs to run a energy intensive calculations for the purchases not just the mining of original coins which is likely not added in. Crypto cannot also be used when power is out unlike cash.

So in emergencies bitcoin is unusable in bad weather when one power line is down crypto is useless. Cash is the only thing usable without a computer now and every. If it doesn't sit in my pocket only then it isn't mine.

It's like owning an Amazon movie that never leaves the Amazon servers, not your, rented like crypto if it can be taken from remote location then it never was yours to begin with so crypto is a scam that people believe in like digital owned games and other property.

Like having a remote OS for your computer, not yours just leased till they tell you to fuck yourself and walk away rich. Stopped gaming when internet connection required since that was basically saying if your internet is shut off or you can't afford it you can play that game you just paid 1/2 a days pay for so fuck off dumbass is how I read that trend. I was spending good money on games that I played alone but MMO's made me keep that money for myself and stuff I could touch and possess. Fuck them digital assholes and their product you never can backup fully. Like having a Dell but if you format by mistake that OS is gone forever so without a full install disk then you use linux "loving it" or you own a pile of hardware with no OS.

[–] 2 pts

Crypto is for fags. It is worth less than fiat, and is more controlled than fiat. Every argument for crypto is easily proven nonsense.

Now, there are probably some fags on here that can say they made money, sure, if they sold it to somebody dumber than them. End of the day, crypto is a Jew trick to get people to give up hard currency that can't be tracked by ((them))).

[–] 2 pts

It's pathetic that one man's tweets can move BTC so much. It really harms the coin's credibility.

[–] 1 pt

I think it was clear when he had Tesla buy btc, then announcing a dump or 10%.

He claims it's only 10% not a dump, but why trade it if you are trying to use another currency?

Also, his energy usage bs was to drop the price below support levels, killing the recent parabolic rise.

I think it'll retrace to the fib level 61.8, which is about 45-50k, then drop.

This tells me he is one of the elites, perpetuated the false premise of muh CO2 climate change/global warming narrative. Meanwhile TPTB make him 100B rich.

I used to be on the elon bandwagon when he was getting with tesla. Now I realize he is either a kike or shabbos goy.

[–] 1 pt

BAT is already recovering steadily. But it had a surge when Brave Search was announced fairly recently. It's basically back to what it was at the beginning of the year. Once Brave Search gets out of beta, and when the new higher limit of Brave Rewards ads is implemented in a stable build, I'm sure it will be much less susceptible to these fluctuations. It's not even the same model of these other cryptos, but most traders don't realize that. It's a crypto with an inherent value - advertisers pay for advertising, and Brave shares that with those who view the ads, and the users can share that with creators whose wepages they view. it all starts with "real" (traditional fiat) currency, and an actual service.

[–] 1 pt

The power used for the transactions processed will always be pathetic on BTC thanks to it's 1Mb block limit.

Try the actual bitcoin, BitcoinSV.

[–] 1 pt

Right! fucking crypto, fucking elon

[–] [deleted] 0 pt (edited )

I'm mad at* rocket man because I made bad investments

Seriously?

[–] 0 pt

I bailed out at a good time, so not mad, but the fact that one asshole can tweet and screw with millions of people's investments should be a warning sign to everyone. This is important to note and any potentially new crypto holders should be made aware.

The Fed has a problem with letting inflation rise to screw over the boomers, when it comes to crypto. I imagine all assets will be activated in order to prevent as many people from noticing how bad the inflation is at any given moment, for the next year.

Inflation proof, dividend paying equities are going to be the smart move... but that's only if you can't afford to buy land. We also have the problem of spoofed shares of digital gold.

All the young folks have an opportunity to get established if they read the tea leaves correctly. Everyone else is about to be boiled like a frog and get priced out of their own current living circumstances.

My point was that anyone mad at Musk for the price swing should ask themselves some questions...

  1. Are an individuals investments are their own responsibility? Who is really to blame if they are lost? (provided you haven't paid a service to invest for you)
  2. How stable is crypto really when it's effectively tied to the worlds reserve currency? (debt)
  3. Does crypto have real value in all scenarios?

I'm not an expert, but I do enjoy talking the subject out with people. I agree about the land comment. I've said many times before, "the only things with any real value in this world are community, shelter, defense and food."

[–] 0 pt

If Musk was some random, eccentric billionaire who was popping off, joking around an exercising free speech; then certainly we couldn't be mad a guy for that.

However, if he is part of a greater game of economic manipulation, then we all have a bit of a problem.

I assume he made a series of backroom deals and that he made money going up and coming down.