abenjami Posted May 16, 2021 Report Share Posted May 16, 2021 53 minutes ago, OILERMAN said: Bitcoin crash in process! For the record, I wasn't talking about my order being filled. Just commenting someone else's was filled at that price point. OILERMAN 1 Link to post Share on other sites More sharing options...
BobbyCoins Posted May 17, 2021 Report Share Posted May 17, 2021 Crazy ass dip. Almost went under 42k earlier. @titanruss @Supdawg Ya'll still stackin? About ready to box Elon Musk in the nose? Link to post Share on other sites More sharing options...
OILERMAN Posted May 17, 2021 Report Share Posted May 17, 2021 12 hours ago, NashvilleNinja said: BTC is what you buy to hold as a container for your savings/wealth. A tiny portion, unless you're a complete fool Link to post Share on other sites More sharing options...
Supdawg Posted May 17, 2021 Report Share Posted May 17, 2021 5 hours ago, NashvilleNinja said: Crazy ass dip. Almost went under 42k earlier. @titanruss @Supdawg Ya'll still stackin? About ready to box Elon Musk in the nose? Of course, still buying every 2 weeks via my normal DCA activity. Still making BTC in interest via Celsius. Still trading shitcoins to make more BTC. I will continue to buy. Link to post Share on other sites More sharing options...
9 Nines Posted May 17, 2021 Report Share Posted May 17, 2021 Bitcoin Jamalisms, and OILERMAN 2 Link to post Share on other sites More sharing options...
titanruss Posted May 17, 2021 Report Share Posted May 17, 2021 11 hours ago, NashvilleNinja said: Crazy ass dip. Almost went under 42k earlier. @titanruss @Supdawg Ya'll still stackin? About ready to box Elon Musk in the nose? yeah i had buys ordered down to 42k.. was upset it was like $70 from triggering. i DCA unless theres big dips like this and my scheduled buys take care of that so i dont get too excited. NashvilleNinja 1 Link to post Share on other sites More sharing options...
titanruss Posted May 17, 2021 Report Share Posted May 17, 2021 7 hours ago, OILERMAN said: A tiny portion, unless you're a complete fool so he's possibly been cracked! Supdawg 1 Link to post Share on other sites More sharing options...
OILERMAN Posted May 17, 2021 Report Share Posted May 17, 2021 1 hour ago, titanruss said: so he's possibly been cracked! I wouldn't consider putting a dime into BTC. Or any other speculative investment for that matter. I was speaking in general. I've seen more people worried about BTC lately than in a long time. titanruss 1 Link to post Share on other sites More sharing options...
BobbyCoins Posted May 17, 2021 Report Share Posted May 17, 2021 55 minutes ago, OILERMAN said: I wouldn't consider putting a dime into BTC. Or any other speculative investment for that matter. I was speaking in general. I've seen more people worried about BTC lately than in a long time. Elon Musk sometimes has that affect on peoplecoin. Link to post Share on other sites More sharing options...
BobbyCoins Posted May 17, 2021 Report Share Posted May 17, 2021 https://bitcoinmagazine.com/business/bitcoin-uses-less-than-50-banking-energy Quote A recently released research report from Galaxy Digital has calculated the energy consumed by the Bitcoin network and then compared it to other industries, including the banking industry. It found that Bitcoin consumes 113.89 terawatt hours (TWh) per year, while the banking industry consumes 263.72 TWh per year. The report put Bitcoin's energy consumption into perspective by distilling some of the unique characteristics of Bitcoin and how they relate to and impact its energy consumption. "Bitcoin is a fundamentally novel technology that is not a precise substitute for any one legacy system,” according to the report. “Bitcoin is not solely a settlement layer, not solely a store of value, and not solely a medium of exchange. There is no denying that the Bitcoin network consumes a substantial amount of energy, but this energy consumption is what makes it so robust and secure.” ... "Critics often assume that the energy expended by miners is either stolen from more productive use cases, or results in increased energy consumption,” it reads. “But because of inefficiencies in the energy market, bitcoin miners are incentivized to utilize nonrival energy that may otherwise be wasted or underutilized, as this electricity tends to be the cheapest.” Galaxy Digital also showed that a significant part of the world's energy production is wasted — about 2,205 TWh per year which is 19.4 times that of the Bitcoin network. Link to post Share on other sites More sharing options...
titanruss Posted May 17, 2021 Report Share Posted May 17, 2021 Despacitos youtube plays consumed more energy than BTC does in a year. Xmas lights for 6 weeks consume considerably more energy than BTC does per year. BTC miners are incentivized by going for green energy solutions as electricity is basically their only recurring cost. 75 % of miners and 35% of BTC energy is coming from renewable resources and it grows every day Almost no major industry runs at that high of a clip. So... anyone telling you its an energy hog and terrible for the environment.. either doesnt think about literally any other product/industry impact, doesnt know what they are talking about, is doing it because they are anti crypto... or are trying to keep the price low for buy-ins NashvilleNinja 1 Link to post Share on other sites More sharing options...
wiscotitansfan Posted May 17, 2021 Report Share Posted May 17, 2021 7 minutes ago, titanruss said: 35% of BTC energy is coming from renewable resources and it grows every day That's the only number that actually matters in the real world when it comes to energy consumption that people care about Anything else is just "marketing", pimping out alt coins, or just your average schmoe who doesn't actually do much mining. titanruss 1 Link to post Share on other sites More sharing options...
BobbyCoins Posted May 17, 2021 Report Share Posted May 17, 2021 44 minutes ago, titanruss said: ... or are trying to keep the price low for buy-ins Looking at you Elon... who's that best friend you're trying to jump in? Oh wait... do you even have a best friend that isn't a an AI-powered cyborg/android? Link to post Share on other sites More sharing options...
Supdawg Posted May 17, 2021 Report Share Posted May 17, 2021 3 hours ago, OILERMAN said: I wouldn't consider putting a dime into BTC. Or any other speculative investment for that matter. I was speaking in general. I've seen more people worried about BTC lately than in a long time. Link to post Share on other sites More sharing options...
Supdawg Posted May 17, 2021 Report Share Posted May 17, 2021 Elon Musk or not, cycle top or not, I am not fucking selling a god damn thing and I will continue buying all the way down. Bitcoin will rise again, it is 100% guaranteed. Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.