Quote from: electronicash on Today at 04:14:24 AM

Quote from: Gatorelf on June 02, 2021, 09:38:05 PM

Quote from: OgNasty on June 02, 2021, 09:18:14 PM

Quote from: Gatorelf on May 17, 2021, 04:37:16 PM

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.

I watch the BTC market share pretty close every time there is a big swing, BTC holds in there tough 40 to 43%. I still find it interesting there isn't one (top 100) crypto I know of that can stand alone on its own merit when BTC takes a dive.. It just disrupts the world of crypto

40-43% still is a big chunk of money loss. everybody will just sell and run when the price plummets it's been going on for over 10 years already, those who hold are the ones hopeful that bulls will quickly resume but it has yet not happened in history because it always takes time to see the bottom. if the price goes $28k, a lot of us will still be selling. the wisest wins because they are going to buy back stacking sats.

i was thinking we have been fighting global warming since 90s nothing has changed still. now shifting to electric. US has no source of gasoline anymore so they all want to shift when the middle east has tons.

no not a loss that is Market Share, BTC's overall capture of the $1.7T crypto market or whatever it happens to be at the time. That's actually pretty good for BTC in a show of strength.

Here is some more good news on the Energy front as Gates and Warren put their money into Nuclear power

https://www.theguardian.com/us-news/2021/jun/03/bill-gates-warren-buffett-new-nuclear-reactor-wyoming-natrium