Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by Paashaas (1)
Who do you think controls the supply, DeBeers for example? What dictates the price of Diamonds? Surely the cost of mining determines the rock bottom price regardless of its supply. You should move past Econ 101, maybe start with Dr. Seuss
Who controls the price of Bitcoin? Bitmain, Tether(Bitfinex, willyBot 2.0), and soon Intel
Who controls the price of Bitcoin? Bitmain, Tether(Bitfinex, willyBot 2.0), and soon Intel
bitcoin no doesn't work like that.
Serious question to you then....What actually gives BTC a value in $...Be specific
You could not be serious.
Could you?
Could you?
What brings value to bitcoin is not the cost of mining all by itself.
Stop being such an ongoing simpleton PoolMinor.
If you want to argue that uie pooie got bitcoin all figured out in regards to its price moves and what makes it valuable in your various simpleton assessments, then you have the obligation to make such arguments and the burdens of providing evidence and logic to support your various simpleton conclusions.
You are not likely to get very far with such arguments, and I doubt that very many of us in these here parts are interested in such simpleton explanations.
Should I give you a hint or not?
I know that I am repeating myself, but even if we take the straight-forward essentials of the seven network effects that Trace Mayer outlined, mining is only a subset within one out of the seven of the network effects.. and you want to argue that mining is the pillar of bitcoin's value? and that everything else in bitcoin is based upon mining?
right?
right ?
rrrrrrrrrrrrrriiiiiiiiiigggggggghhhhhhhhtttt..
