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    #91
    It’s “find a bigger fool” issue

    Comment


      #92
      "The electicity consumed by Bitcoin in a year could power the entire UK for 5 months."

      But don't worry because

      "it serves probably 100x the number of people who live in the UK" [100x 65 million = 6.5 billion]

      Bitcoin’s green problem could pose an existential threat

      Bitcoin fanatics really are in a bit of denial.
      Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.

      Comment


        #93
        https://twitter.com/markets/status/1370684700482805761

        Bitcoin is picking up momentum once again, topping $60,000 for the first time amid optimism that the largest digital token will achieve wider adoption.


        The cryptocurrency was at 60,012 as of 12:22 p.m. London time, bouncing back from a rout at the end of February following a previous peak set that month. It’s benefiting from optimism in financial markets after President Joe Biden signed the $1.9 trillion pandemic-relief bill into law.


        I design idiot proof software. Trouble is, they keep making better idiots.

        Comment


          #94
          Originally posted by DealorNoDeal View Post
          "The electicity consumed by Bitcoin in a year could power the entire UK for 5 months."
          The way things go the entire UK can be bought for a bitcoin in 5 months.

          Comment


            #95
            Originally posted by AtW View Post

            The way things go the entire UK can be bought for a bitcoin in 5 months.
            This is true, I read in the Guardian that the UK economy has collapsed and trade with the EU has effectively stopped.

            A bitcoin will buy freedom from tyranny and citizenship in a developed country.
            I design idiot proof software. Trouble is, they keep making better idiots.

            Comment


              #96
              Originally posted by _V_ View Post
              A bitcoin will buy freedom from tyranny and citizenship in a developed country.
              In Swindon?

              Comment


                #97
                Originally posted by _V_ View Post
                https://twitter.com/markets/status/1370684700482805761

                Bitcoin is picking up momentum once again, topping $60,000 for the first time amid optimism that the largest digital token will achieve wider adoption.


                The cryptocurrency was at 60,012 as of 12:22 p.m. London time, bouncing back from a rout at the end of February following a previous peak set that month. It’s benefiting from optimism in financial markets after President Joe Biden signed the $1.9 trillion pandemic-relief bill into law.

                The RSI (Reverse Scooter Indicator) nailed it again.

                https://forums.contractoruk.com/gene...ml#post2867823
                Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.

                Comment


                  #98
                  to tackle global warming, major step should be taken by the UN, by banning bitcoin. They are consuming 130 terawatts of energy

                  Comment


                    #99
                    Originally posted by DealorNoDeal View Post

                    The RSI (Reverse Scooter Indicator) nailed it again.

                    https://forums.contractoruk.com/gene...ml#post2867823
                    Scooty is so good at being so wrong. It's quite a skill he has there.
                    I am what I drink, and I'm a bitter man

                    Comment


                      Originally posted by Andy2 View Post
                      to tackle global warming, major step should be taken by the UN, by banning bitcoin. They are consuming 130 terawatts of energy
                      Which is 0.5% of total worldwide electricity consumption. (And nearly half of UK consumption)

                      Over the past 5 years, bitcoin's consumption has approximately doubled every year. If that trend were to continue:

                      2021: 0.5%
                      2022: 1%
                      2023: 2%
                      2024: 4%
                      2025: 8%
                      2026: 16%
                      2027: 32%
                      2028: 64%

                      At some point, something has to change or give (or break!).
                      Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.

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