Bitcoin Price Thread

suddenly day range widened from
about 100 points to almost 1000 points.

who are the buyers?

If you see from the chart, there are many panic buyers (human or machine?) who caused candlesticks to be very long.
absolutely no reason to rush and buy
 
Trader Curt said:
Solar power....

Let that sink in for a minute...
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Because it is free, right? Sink deeper for a while.

Seriously, crypto fans' idiocy never stops to amaze me. Even if solar was free, the energy used for mining instead of something useful, makes it relative wasting energy and eventually money. How fucking hard is that to see?
 
Pekelo said:
Because it is free, right? Sink deeper for a while.

Seriously, crypto fans' idiocy never stops to amaze me. Even if solar was free, the energy used for mining instead of something useful, makes it relative wasting energy and eventually money. How fucking hard is that to see?
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I don't see what the problem is. The amount of power that power companies are putting out has never stopped because of mining rigs, and never will. And if miners were smart and had the money they would go solar.

I know you probably lean more to the democratic side of things. But you are spinning your wheels over nothing. There is enough power for everyone, chill out
 
RedDuke said:
Too much evidence came out by now that the price is a mirage manipulated by insiders. talk about fake.....
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If you would be so kind, what is the methodology by which you are referring to determine price to be fake?
 
Trader Curt said:
I don't see what the problem is. The amount of power that power companies are putting out has never stopped because of mining rigs, and never will. And if miners were smart and had the money they would go solar.

I know you probably lean more to the democratic side of things. But you are spinning your wheels over nothing. There is enough power for everyone, chill out
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For two reasons;
1) PoW is an inefficient use of resources that skew incentives toward miners to game the system of governance. This partly responsible for long transaction verification times and increased fees during high volume periods. It’s also contributing to the balkanization of the Internet with the high concentration of miners and mining production hardware in China.

2) Burning more fossil fuels is not a long-term solution for humanity’s energy needs.
 
My dear friend USDT is being created out of thin air, there nothing to support it, they fired all auditors to hide that fact. When someone can create as much USDT as they see fit and then use it to inflate price of Bitcoin, wow and shit are the words that come to someones mind.
 
RedDuke said:
My dear friend USDT is being created out of thin air, there nothing to support it, they fired all auditors to hide that fact. When someone can create as much USDT as they see fit and then use it to inflate price of Bitcoin, wow and shit are the words that come to someones mind.
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My dear friend, if it was so simple and easy to keep raising the price, why don't they keep doing it so we can get back to $20K and increase the sale of Lambos again?
 
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