XPost: sci.physics.relativity
Hi,
Difficult to estimate when it Crashes,
not sure whether we are weeks or years
away from it. When I look at the current
charts, it makes me think the critical mass
is very close, where some whales will first
take the opportunity to take home some gains,
and then the domino stones might fall:
https://coinmarketcap.com/
It has a steady fluctuation of 10%. But
messages like DOJ CLEARED TO SELL $6.5B
IN SEIZED SILK ROAD BITCOIN tell me,
its all about disolving Bitcoin, and the
one who closes the door last will get
some bread crumbs. And these are usually
the stupid retail investors, who were too
stupid to do Bitcoin in the early days because
of the technical hurdles, and have now
been lured into ETFs.
Bye
P.S.: For example Blackrock doesn't
owns the Bitcoins, will not be affected.
Blackrock owns nothing, they only organize
funds and ETFs which mediate Bitcoin between
sellers and buyers and they act as custodians.
They don't own any Bitcoins. They don't care
whether Bitcoin goes up or down.
Mild Shock schrieb:
Cryptocurrency Energy Protocol
Bitcoin (BTC) ~707 ~5
Ethereum (ETH) ~0.03 ~15–30
Solana (SOL) ~0.00051 ~2,000
Cardano (ADA) ~0.0004 ~250
Polkadot (DOT) ~0.003 ~1,000
Ripple (XRP) ~0.00001 ~1,500
Avalanche (AVAX) ~0.0007 ~4,500
Energy consumption per Transaction (kWh)
Protocol speed, transactions per second (TPS)
https://digiconomist.net/bitcoin-energy-consumption https://www.blockchain-council.org/cryptocurrency/top-cryptocurrencies-with-their-high-transaction-speeds
Etc..
Mild Shock schrieb:
Hi,
Not only a Ponzi scheme. Its rooted in some
2008 shock and experiene of loss, experience of
helplessness, and some theories about scarcity,
fairness and trust. Basically distrust into
governement money and various banks, distrust
into non-anonymous tax paying transactions,
comparison to gold and some new world utopias.
These theories are given further support by
pseudo scientific evidence, such as claims
the 1700-1800 UK industrial revolution was
based on money scarcity. Further it is infested
by a lot of con artists.
Some motives are understandable, and depending
on the national background and economy of the
country legitimated.
But the risks mostlikely outweight the chances.
There are dozen examples of things that became
big and disappeared. Thats just normal life cycle
6
theory that applies to an human invention. Take
this simple example:
- 10 years ago housholds were mainly using
Incandescent bulbs that consumed 60W - 100W
- now housholds use mainly LEDs, using Phosphor
conversionwith much lower consumption of 6W - 8W
The same will happen with Bitcoin. Bitcoin is extremly
slow protocol, and extremly energy hungry.
--- SoupGate-Win32 v1.05
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