why bitcoin price can only surge ... explanation.

[jaredboice]

This is another reason why bitcoin can never succeed. It's like an environmental disaster covered in flowers. Complete waste of scarce energy and sold as something wonderful.

securing a large financial network is not a waste.

or did you think the banks/visa/mastercard/paypal didn't use energy?

I'd say bitcoin is a lot more energy efficient.

The system of mining even encourages using energy efficient miners because f you use old models that use more electricity you will go broke.

Don't forget to add in all the energy and thousands of lives lost for wars that are required to secure the current reserve currency

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[gkv9]

securing a large financial network is not a waste.

or did you think the banks/visa/mastercard/paypal didn't use energy?

I'd say bitcoin is a lot more energy efficient.

The system of mining even encourages using energy efficient miners because f you use old models that use more electricity you will go broke.

It ain't energy efficient currently, but a lot more energy consuming currency, that needs a lot of miners to work behind it to be operated smoothly, and as per my knowledge, I haven't seen any miners currently available which consumes so less energy that they can get you ROI in less than 6 months...

[katafrag]

aaaand here we are , above the 380 level, this time it's the chinese hand buying massively.

interasting valumes


https://bitcoinwisdom.com/markets/huobi/btccny

 
aaand max 'scamcoin' keiser going crazy on btc:

https://www.youtube.com/watch?v=p2GJow3laYk

[zimmah]

This is another reason why bitcoin can never succeed. It's like an environmental disaster covered in flowers. Complete waste of scarce energy and sold as something wonderful.

securing a large financial network is not a waste.

or did you think the banks/visa/mastercard/paypal didn't use energy?

I'd say bitcoin is a lot more energy efficient.

The system of mining even encourages using energy efficient miners because f you use old models that use more electricity you will go broke.

Don't forget to add in all the energy and thousands of lives lost for wars that are required to secure the current reserve currency

And the thousands of people working in offices moving stacks of paper around.

[Jambolb2]

aaaand here we are , above the 380 level, this time it's the chinese hand buying massively.

interasting valumes


https://bitcoinwisdom.com/markets/huobi/btccny

 
aaand max 'scamcoin' keiser going crazy on btc:

https://www.youtube.com/watch?v=p2GJow3laYk

The bitcoin price has drooped from $450 level. The price is $380 now. Do you think the Chinese are buying massively?