Bitcoin Price Thread

Trader Curt · Apr 2, 2019

Sprout said:
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.

Ok then stop using all the power in your house then. You're burning fossil fuels and that's bad.

RedDuke · Apr 2, 2019

johnarb said:
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?

The players need dumb money that is what pushed it higher. No dumb money no honey.

Sprout · Apr 2, 2019

Trader Curt said:
Ok then stop using all the power in your house then. You're burning fossil fuels and that's bad.

My house runs of wind, solar and hydro. I’ve made the switch and no longer part of the problem.

johnarb · Apr 2, 2019

RedDuke said:
The players need dumb money that is what pushed it higher. No dumb money no honey.

So let me get this straight, the bitcoin price is kept higher and pushed higher (like yesterday) because quite simply it's very easy using fake volume and fake USDT created out of thin air, then now you're saying needs dumb money (why???) to push it higher, coz no money no honey.

Very clear explanation. lol.

RedDuke · Apr 2, 2019

johnarb said:
So let me get this straight, the bitcoin price is kept higher and pushed higher (like yesterday) because quite simply it's very easy using fake volume and fake USDT created out of thin air, then now you're saying needs dumb money (why???) to push it higher, coz no money no honey.

Very clear explanation. lol.

Correct, insiders create fake volume and sense of urgency not to miss out, dumb money comes in and get steamrolled. Let’s see how many idiots fall for it this time around.

Trader Curt · Apr 2, 2019

Sprout said:
My house runs of wind, solar and hydro. I’ve made the switch and no longer part of the problem.

Ha! Honestly that's pretty impressive

johnarb · Apr 2, 2019

RedDuke said:
Correct, insiders create fake volume and sense of urgency not to miss out, dumb money comes in and get steamrolled. Let’s see how many idiots fall for it this time around.

Unless you're a child, you should not be making a circular argument as it's insulting.

Listen, let me make this very simple, why don't we tell the insiders to create fake volume, use fake USDT, increase the price of bitcoin to $1 Million per coin and forget about the stupid dumb money.

HolyGrailSeeker · Apr 2, 2019

RedDuke said:
Correct, insiders create fake volume and sense of urgency not to miss out, dumb money comes in and get steamrolled. Let’s see how many idiots fall for it this time around.

Stop being a salty troll lol.

RedDuke · Apr 2, 2019

I am not a troll. I trade and been on this forum for over a decade. Met many members in person. So STFU, when I see a fake I call it a fake. All of you defending cryptos either insiders or delusional.

RedDuke · Apr 2, 2019

johnarb said:
Unless you're a child, you should not be making a circular argument as it's insulting.

Listen, let me make this very simple, why don't we tell the insiders to create fake volume, use fake USDT, increase the price of bitcoin to $1 Million per coin and forget about the stupid dumb money.

And who will they steal money from, themselves ????? Only when general public “suckers” get involved in droves, there are money to be made.