Quote:
Originally Posted by Fuzz
This is how you know it is reaching peak bubble:
http://www.cbc.ca/news/business/bitc...nada-1.4436149
When everyday Joe's throw their life savings into it.
The elephant crouching in the corner is also the massive power consumption required. I wouldn't be surprised if some countries eventually ban Bitcoin mining. What a waste:
https://motherboard.vice.com/en_us/a...climate-change
Canada generates about 600TWh yearly, for reference. This is all essentially wasted energy. Steam recently stopped accepting Bitcoin due to transaction charges rising from $0.2 to $20! Could you imagine a Visa transaction costing $20, even on a purchase of $1, and burning 1/4 of your monthly electrical bill? It's madness. |
peak bubble in 2017, more sound advice from Fuzz
hmmm
post history is a wonderful thing
The irony is you guys mock me for saying "it will go back up" like any fool could do that but we have multiple posts of people calling the end of crypto and then doubling down. Its not even the case anyway over the years I have talked about specific events like the having and this ETF.
Maybe, just maybe I know more than resident Crypto haters
as for this you didn't sell when it at peaks or crashes talk I never said I am the all knowing but I have also NEVER been down on Crypto and never will.
this is 1920s New York real estate, I will probably never sell...sure we had the dirty 30s but I will leverage my future Bitcoin to earn money on it while holding like any smart investor