Post
Topic
Board Bitcoin Discussion
Re: Will energy consumption be Bitcoins downfall ?
by
OgNasty
on 02/06/2021, 21:18:14 UTC
Just as people moved from gasoline powered cars to electric will investors also move from bitcoin to ecofriendly alts?

Seems that has already been occurring.  New crypto investors don't care about decentralization or security.  They just want to see their number go up.  We are literally smack in the middle of the Greater Fool Theory.  We've seen 1 rug pull so far, but I think that was just a precursor.  The rug pull we'll see come December will leave people with their jaws on the ground.  On the plus side, a $30K Bitcoin will be viewed as a complete collapse, giving those of us with level heads the opportunity to do this all over again in 2025, if Bitcoin survives it's community that long.