Probably the Yuan as CBDC...but it will be 100% a cryptocurrency.
TESLA & BTC
- Thread starter coolBuTcute.01
- Start date
Nano's energy need is one windmill. THAT sounds like a pretty good deal to me.
Right. So let's invent something that wastes just AS MUCH energy.
smh
Seriously, please God, just once let a crypto fan actually make a logical argument.
1. Yet a few post ago you were arguing for its energy usage as a currency.
2. We were originally sold on crypto as the future of money, aka currency. When Bitcoin so spectacularly failed with its inscalibility and huge tx fees, the fans moved the goal post and it became a "store of value".
In reality cryptos are the world first world wide pyramid schemes. Sure it has been going up because it took 10 years it spread all around the world. There were pyramid schemes before that effected multiple countries, but nothing like the worldwide reach of cryptos.
If you know pyramid schemes, eventually they collapse. The bigger the population they can spread to, the longer they last. So in a way we are experiencing a unique phenomen, because we are measuring in real time just how long it would take for the system to collapse.
Nobody really knows, but I have 2 measuring tools:
1. The incredible stupidity of NFTs, yet they are supposed to be popular. This is the equivalent of shoeshine boys giving out stock market tips. >>>time to get out
2. Here almost every 3rd new thread is crypto related, several times on the same topic (we have 3 threads on Tesla and BTC) That means we are reaching over saturation.
That is why I predicted the crypto market's collapse by the 4th of July. We shall see if my measuring tools were calibrated right or not....
At What Number Will you call the Collapse Official?
1 BTC = 12 USD
1 BTC = 20 USD
1 BTC = 100 USD
1 BTC = 1000 USD
1 BTC = 5000 USD
1 BTC = 10,000 USD
1 BTC = 20,000 USD
1 BTC = 30,000 USD
1 BTC = 40,000 USD
add on top of it fake money called Tethers that represented 75 % of daily volume....
When you can't buy a Tesla for a coin.
1 Tesla > 1 BTC
50% from ATH would do it. And if price stops at 48%, I will throw ashes on my head...
I think Elon Musk is an egomaniac. He's enjoyed flaunting the power of his wealth. he craves for the attention alright. eventually, Tesla's board would slap him on the back of his head. Wake up, we have the real businesses to take care of. wouldn't want to draw the SEC's attention.
I bet bitCon market makers would ask some celebrities to step in to fill in the gap and drive this bus to the Yin Yang. They'd call it weedcoin, people would jump in to participate in the mania until the music waned.
I bet bitCon market makers would ask some celebrities to step in to fill in the gap and drive this bus to the Yin Yang. They'd call it weedcoin, people would jump in to participate in the mania until the music waned.
I already responded to this question, but let me ask you back:
This morning we were 39% off of the 64K ATH. Would you call that a collapse or just a pull back?