Bitcoin, Crypto Currency Crashing lately

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Joe

Joe

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For "not being real", Crypto is extremely bad for this planet.

It is unbelievable that fucktards like Senile @Joe do not focus on that fact when discussing Crypto.
Actually Lex @The Prowler I don't even own any bitcoin nor a bitcoin ETF. I bought 10 shares of HIVE technologies for about $4 each but lately its gone nowhere. seems like it was a waste of money.

Yanno Prowler when people 'buy' bitcoin they aren't buying anything tangilbe. Seems they are just paying for someone's energy bill:



...like how many kw did it take to 'mine' 1 bitcoin ? So the reality is its energy in and hot air out delivering no real measurable output or tangible asset. btc is a completely imaginary construct.

So apart from the cost of the computer gear/rig about the only concivable way to make it economical, is if a person can find a property with a river or stream running through it 365 days of the year 24/7. Then hook a turbine up to it to power the rig. The trick would be to find a river that never freezes up or dries up for any part of the year.

In a nutshell bitcoin can never be viable unless its backed by something like the US dollar which itself would have to be backed by Gold. Otherwise it will continue to be plagued with instability and massive price crashes.
 
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The Prowler

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Actually Lex @The Prowler I don't even own any bitcoin nor a bitcoin ETF. I bought 10 shares of HIVE technologies for about $4 each but lately its gone nowhere. seems like it was a waste of money.

Yanno Prowler when people 'buy' bitcoin they aren't buying anything tangilbe. Seems they are just paying for someone's energy bill:



...like how many kw did it take to 'mine' 1 bitcoin ? So the reality is its energy in and hot air out delivering no real measurable output or tangible asset. btc is a completely imaginary construct.

So apart from the cost of the computer gear/rig about the only concivable way to make it economical, is if a person can find a property with a river or stream running through it 365 days of the year 24/7. Then hook a turbine up to it to power the rig. The trick would be to find a river that never freezes up or dries up for any part of the year.

In a nutshell bitcoin can never be viable unless its backed by something like the US dollar which itself would have to be backed by Gold. Otherwise it will continue to be plagued with instability and massive price crashes.


Crypto is an energy drain even with ZERO mining, Senile @Joe.

But your response really shows what a selfish prick you are, Senile @Joe.
 
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Crypto is an energy drain even with ZERO mining, Senile @Joe.

But your response really shows what a selfish prick you are, Senile @Joe.
How so?

I have nothing to do with crypto or bitcoin Lex @The Prowler

I just surmised the only way to make it economical is to use an endless stream of energy like a waterfall to power it

But I question the wisdom of people who would spend $60 to $70,000 on a single btc when they could buy 8 oz of gold….and actually end up with something in their pockets

Seems the most viable way to build wealth with bitcoin was to buy it cheap, then use the profits to buy gold land or blue chip stocks. But that time appears to have passed

Best a person can do now is get paid in btc then cash it in

I wouldnt buy it now Prowler

Same with gold at the current price

Actually you made a point about the volatility of gold. Btc also suffers from the same vulnerabilities. Buy too high & a buyer can get burned. Best to buy low so in the event the price drops even 50% a person can at least break even not lose their shirt.
 
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The Prowler

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You are a selfish cunt who just worries about his own little world and does not consider the big picture where every creature on Earth is in danger.

For "not being real", Crypto is extremely bad for this planet.

It is unbelievable that fucktards like Senile @Joe do not focus on that fact when discussing Crypto.

I say that and you go on spewing your nonsense about how crypto affects only you or other selfish cunt crypto investors.

You selfish cunt. Do you ever think about how it affects innocent people like that vegetable LotusBrick? Of course not. Because you are a selfish cunt.
 
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You are a selfish cunt who just worries about his own little world and does not consider the big picture where every creature on Earth is in danger.



I say that and you go on spewing your nonsense about how crypto affects only you or other selfish cunt crypto investors.

You selfish cunt. Do you ever think about how it affects innocent people like that vegetable LotusBrick? Of course not. Because you are a selfish cunt.
Hey Lex @The Prowler, do you know this guy?



He lives in Ontario just like you.

Cusses the same way too.

wonder if everyone talks like that where you live.