Bitcoin ahead of major inflection point (DROP!)?

Discussion in 'Digital Currencies' started by TreasureHunter, Feb 22, 2021.

  1. TreasureHunter

    TreasureHunter Well-Known Member

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  2. mmm....shiney!

    mmm....shiney! Moderator Silver Stacker

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    24hr chart shows a different story:

    Screen Shot 2021-04-19 at 6.56.31 am.png
     
  3. crewy

    crewy Active Member

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  4. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Power outage? Maybe they are testing what happens if they switch off power.
     
  5. crewy

    crewy Active Member

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    Apparently it wasn’t event the majority of xinjian just some regional areas surrounding... kinda crazy you need to mine silver to be able to mine Bitcoin!
     
    66rounds likes this.
  6. TreasureHunter

    TreasureHunter Well-Known Member

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    China doesn't like Bitcoin and they might as well shut the entire thing down.

    This is why I always say, it's not a real currency, it's a terrible store of value.

    It consumes a lot of energy and if the coins get lost, they're lost forever. What's even worse is that it impacts the entire market, because the coins are irreplaceable (there is no inflation). Gradually, more and more coins will get lost.
     
  7. neonuke

    neonuke Active Member Silver Stacker

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  8. hawkeye1

    hawkeye1 Active Member

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    mmm....shiney! likes this.
  9. mmm....shiney!

    mmm....shiney! Moderator Silver Stacker

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    Well you need to mine iron ore and oil in order to mine silver so it's not crazy at all.
     
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  10. TreasureHunter

    TreasureHunter Well-Known Member

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    ^
    Perhaps they stacked a bunch of them already. Or Satoshi Nakamoto is just the Japanese pseudonym of a Chinese genius?
     

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