Bitcoin
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- Continuity1
LOL coming very close to 22k ... this thing is in freefall.
- neverscared1
Roughly 70% of $1 Billion Lost to Crypto Scammers Since 2021 Was Bitcoin: FTC
The median individual loss reported was about $2,600, but that figure for victims in their 70s was nearly $12,000.More than 46,000 individuals have lost over a combined $1 billion in crypto-related scams since the beginning of last year, according to the Federal Trade Commission.
Approximately $680 million in fraud was reported in 2021, and some $329 million was reported just in the first quarter of 2022, according to a report released Friday.
- no suprise its going to shit...neverscared
- So Bitcoin aids in wealth distribution from Boomers to Millennials?shapesalad
- aka rippin up the elderly... very noble.neverscared
- Continuity0
This is me wishing I'd dumped my entire May or June net salary on a short position at 5x leverage.
- neverscared0
- thanks for clearing that up ... i use cryptodouches anyway instead of cryptoneverscared
- Mr. Bankrupt (soon, hopefully)NBQ00
- remember when matt damon called u a pussy for not buying at 60kneverscared
- drgs0
The last 1 month looked good... What is it now for fucks sake
- Check what happened in 2020. This might as well touch 10K before recovers again.NBQ00
- What's the news? Are we having a surprise epidemic?drgs
- "Bitcoin, the largest cryptocurrency, fell to the lowest level in 18
months on Monday after Celsius Network, one of the biggest crypto lenders, halted withdrawgrafician - awww the ponzi ran out of cashgrafician
- https://blog.celsius…...grafician
- "the second largest pension fund in Canada invested in Celsius at a 4B valuation."
oh boygrafician - probably makes not much sense to compare with 2020 .. its much different times now..neverscared
- neverscared0
it might kick up as drgs thinks.
Crypto’s big win: The Lummis-Gillibrand bill puts the CFTC in charge
- It's not that some of us didn't forsaw the rise of crypto and was "left out"
it's more that crypto still ignores the rise of regulations against it :)grafician - so yeah, some got rich quick, by any "means" and will have to gave a lot of it back if not all of it soon enoughgrafician
- "The Wyoming senator, one of crypto’s staunchest advocates who disclosed that she held more than $100,000 in bitcoin last year, said in a statement that...grafician
- "...that it is “critical that Congress carefully crafts legislation that promotes innovation while protecting the consumer against bad actors.”grafician
- < so proposing a bill to protecc their own pockets :)))grafician
- sure ... thats obvious they protect their stuff.. as in corruptionneverscared
- It's not that some of us didn't forsaw the rise of crypto and was "left out"
- NBQ000
Last chance to buy above 23K!
- This is very trying for my new career sector and payment method. Certainly not a great monday.shapesalad
- drgs1
If you're not buying here, don't talk to me
I expected this retest earlier
https://www.tradingview.com/char…- I'm not buying here.Continuity
- Current price 27450
(I'll screenshot this later)drgs - Come back when that zero isn't thereformed
- neverscared1
last chance to buy above 26k
- neverscared0
How ‘Trustless’ Is Bitcoin, Really?
In myth, the cryptocurrency is egalitarian, decentralized and all but anonymous. The reality is very different, scientists have found.
“We all kind of knew that mining was fairly centralized,” she said. “There aren’t that many miners. This is true even today, of course, and it was even more true at the beginning.” As for what should be done about it, “we do need to really examine that question,” she said. “How do we make mining more decentralized?” She thought the results of this investigation might encourage the field to take the issue more seriously.
- lol... the cryptobro douches got played very hard..neverscared
- wow so much decentral ...heheheneverscared
- you're unusually obsessed. did a friend of yours get rich or something and you missed the boat?inteliboy
- no they lost all their money...not obsessed just interrested ... u are afraid scientist finding out the truth thoughneverscared
- i missed taking part in a eco desaster machine... thats a good thing.neverscared
- sted1
:)
- drgs-2
You should all be buying!
- if it wouldn´t be so toxic and boring we would...neverscared
- Last chance to buy under 30kdrgs
- That means we go to 10K nextNBQ00
- lolYakuZoku
- my mortage lender doesn't accept BTC, neither does the tax man, nor my contractor doing home repairs, not paid in it either... days of stupid money have pastjonny_quest_lives
- get back to work and pay down your debt like your parents told you to.jonny_quest_lives
- AQUTE-1
BUY OR DIE
- nearly there buts its BUY AND DIE ... when vamping up the ecological desaster machine known as bitcoin.neverscared
- Really? But wash dryers are ok, right? And christmas lights? And jets that fly bankers to Davos? And the energy used to protect gold? And all the bank offices?Sandder
- We find that in 2020 the climate impact of a single bitcoin transaction can be estimated to equal about 402 kg of CO2 emissions.neverscared
- 3.3 kg CO2 washed at 60°C, dried in a combined washer-dryerneverscared
- u dont need clean clothes i guess...neverscared
- u have to compare to current transactions shemes like visa.. not to complete other products of course ... because that is surely an idiotic thing to do.neverscared
- I hang my clothes after washing, crazy, right? So how idiotic is it to compare the impact of a bitcoin standard to the current banking system?Sandder
- By your own paltry logic, I trust you wash your clothes on the banks of a river, merely utilising rocks and sand as abrasives?Nairn
- of course ... compare a bitcoin transaction to a visa transaction.. u can read the data a few posts above...neverscared
- who cares it was for clowns anyway and now it dying of because as speculation it worked for a few guys...now as a currency it has not a lot potential efficientneverscared
- wise.neverscared
- and trading with shells and flintstone when richneverscared
- I guess the concept of a dryer goes a bit above peoples heads, but that makes sense. I guess we're good then. It goes to zero, and our governments will save us.Sandder
- shapesalad-2
Something to think about in terms of the "Bitcoin is using too much energy and it's badly created polluting energy" —
Renewable energy, such as thermal or hydro energy production, are usually not right next to the point of energy consumption - eg, Iceland has a tonne of eco energy opportunities but how would you get that energy to say the folks in London - where there a heck more people than Iceland wanting to charge their iPhones and drive their EV's?
Meanwhile at the same time you have a monetary system that is entirely free floating. One £ is back entirely by... a government promise. We are print a shit tonne of £'s $'s ¥'s... as we print more, inflation grows and government debt balloons - interest rates are already super low. If you raise interest rates to counter inflation, you thusly make your gov debt too expensive to service. So your only choice is to either wipe off some government debt - but that then makes your currency worthless - or you keep the plates spinning long enough and delay the enviable collapse (check out the fall of civilisation podcast to see how that goes, and then check in where we are in our current civilisation timeline - hint, we are in the sunset years).
So you've got those two things - energy system and monetary system.
Solution? Peg currency a deflationary store of energy sourced from renewable eco sources that are not near where we all are.
Pegging currencies to Bbitcoin (or something very similar) in inevitable.
Why not gold standard? Well, we already saw how that worked and then failed.
- I really should proof read more...shapesalad
- so you got no idea about the concept of "value"?
you also have no clue about how the energy markets operate, but that's fine, this is QBN...grafician - BTC looks more and more like it'll die entirely. Even the hype sounds lazy and exhausted now, which is all it had going for it in the first place.formed
- drgs1
All rumors about Bitcoin's energy consumption and inadequacy as a currency are true, but none of this is likely to have any effect on the price.
Because the world we live in is irrational. And there is nothing you can or need to do about itThe Dutch live in a very flat and windy area of Europe. Instead of fighting against the wind, they've learned to harness its power by building windmills. Be like the Dutch, accept the chaos and find a way to harness its power
- its not always irrational ... when things balance out after an irrational overdose... things go quiet or die out.neverscared
- till the next wave of greed driven grifters find a non caring douchebag crowd who favour money above vitality.neverscared
- People are stupid, the masses do not make any money, just do the oppositedrgs
- we are all the mass...neverscared
- neverscared-3
Bitcoin can (theoretically) handle 7 transaction per second, at the cost of 2,500 kWh (an average home uses about 1,000 kWh per month). A transaction takes about 10 minutes to be settled.
This is not a currency. And it has no potential to ever be a currency. BTC currently uses 0.65% of total world energy. It's an absolute abomination. On the upside, these "currencies" appear to be dying.
Just for comparison: Visa can handla 65,000 transaction per second, and can handle about 250,000 transaction using the same amount of energy as one single BTC transaction.
- https://twitter.com/…neverscared
- blah blah blah. yes it's not a currency. it's the peg for a currency. If you want currency on BTC look at lightening network.shapesalad
- Also learn about layers when it comes to crypto.shapesalad
- LLOL "layers"grafician
- https://www.youtube.…shapesalad
- Your so called "layers" are essentially the same as putting the Visa Network on top of an OTC penny stock. Not decentralized, not backed by stable value.monNom
- PoS doesn't fix that either, as it simply creates a centralized cartel system to replace the decentralized.brute... of PoW.monNom
- So what good is an "anonymous, decentralized currency" when it is neither anonymous, nor decentralized, nor a currency? (Nor a stable store of value)monNom
- the massive CO2 exhaustion is the good part.. they greedy cryptobros all love that.... fuck the planet and its humans up .make some coin,, buy a second house...neverscared
- that greed will be a burden for everybody.neverscared
- If comparing to Satoshi's vision, Bitcoin is a failed project. But none of this matters, Bitcoin's price is growing for completely different reasonsdrgs
- what nonsense. takes a few seconds to learn how false that is. also the fact you still think of it as a 'currency' shows the narrative hole you've fallen intointeliboy
- I agree with statementutopian
- neverscared0
New York Clamps Down On Bitcoin Mining In Newly Passed Bill
Lawmakers in New York passed a bill that bans some types of cryptocurrency mining that rely on carbon-based fuel during an early morning session of the state’s senate on Friday, a move that seeks to address the growing concerns about the environmental impact of energy-intensive blockchain operations including bitcoin mining.
The legislation targets a specific form of crypto mining that uses the highly energy-intensive “proof-of-work” authentication method—this includes several popular digital currencies including bitcoin.
- a little too late guys...neverscared
- Yup. We're already dead.CyBrainX
- drgs0
Judging by your bearish comments -- its time to go up.
For maximal damage Bitcoin waits for everyone to turn bear. Once the fruit has ripen, we go up
- I think the game has changed a bit. there is no good news or easy money around to invest/gamble. I think it's only traders pushing and pulling around 30K atm.uan
- it's bad economy time, so their game is getting the biggest amount of money from the market. they might even let it drop to 20K at some point.uan
- the arab world could be a game changer, as their gas and oil is becoming extremely important for EU. if they decide to put some of that money in crypto...uan
- to the moon. but atm it's gonna stay around some level 30 or 20K and continue to do nothing.uan
- We have a dead cat bounce, just like stocks, then a new low, on and on until it really hits bottom. Low 4 digits or even lower. I'm putting my money on $1000.formed
- I quite like the idea that BTC has become sentient and is just fucking with everyone now. More likely it'd be ETH that'd be able to go that route though..Nairn
- Do I look like I'm kidding?
https://www.tradingv…drgs
- Beeswax0
BTC long contracts on Bitfinex.
This chart is in negative correlation with BTC. Orange line is the btc price. It's massively overbought with this coming down I think BTC rise will start
- Fed pivot will be the match to the touch paper.shapesalad