Is this 'Bitcoin' the real deal?

How bad boy

Full Member
Bitcoin coming up on 70% down since the peak in November following a further sizeable drop today.

Ethereum about to drop below $1k, it was $4.8k in Nov, almost 80% drop.

Ouch.

Still, it's only back to the value of 18 months ago, which is a great sign of the insanity of the whole shitshow, 5x growth in 10 months, 8 months later, lost all of that growth in value.
 
Bitcoin coming up on 70% down since the peak in November following a further sizeable drop today.

Ethereum about to drop below $1k, it was $4.8k in Nov, almost 80% drop.

Ouch.

Still, it's only back to the value of 18 months ago, which is a great sign of the insanity of the whole shitshow, 5x growth in 10 months, 8 months later, lost all of that growth in value.
Plenty of financial publications putting the sizeable decline of all crypto (not just bitcoin) down to energy costs. Mining is a gas and water guzzler and until heavier shifts to renewables for mining are made, the price will remain at these lows for a while.
It’s crazy in a way to try and run a currency that requires electricity and plenty of it to work.
Pull the plug (literally) and everything falls apart.
 

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