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REPORT ABUSIVE REPLY
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Message Subject
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Crypto bottoms when we have our next "world event" similar to covid pandemic
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Poster Handle
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Anonymous Coward |
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Post Content
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two things that makes this interesting... is this shows bitcoin making a major top in march 2024... and making the final top in november 2024.
everyone expects a crash in march 2024 because of it being the march before the next u.s. election and the fact that bitcoin often follows a 4 year cycle. i believe that's wrong. i believe that the final crash may be coming... in about two months.
Quoting: Mr Cheese march 2024 is when the coin halving will probably happen, cutting miner income in half. 330k annual coins to 165k. if whales get the price into $30k - $60k, it puts miners into positive cashflow until goes negative again by halving the income. and bitcoin should be sucking about $200 terawatts by then. Like i said, bitcoin dies in its current state, it's
guaranteed at this point. energy use is exponential
while income halves at regular intervals. dead. just
a matter of time.This guy gets it Miners are getting liquidated & it is more expensive than worth it to mine, more profitable to sell their graphics cards & PC components & get out while they still can No, lightning network will not fix anything, it just doesn't scale. It cannot handle transactions, network gets clogged, high fees render it useless. Zero use case, utility or value- just another ponzi scheme It was never meant to succeed, bItcoins job was to introduce the ideas of digital value/currency & blockchain to the public to prime them before CBDCs & the useful digital assets bring in the new digital financial system which the banks have been building behind the scenes for decades CTO of Ripple david schwartz first blockchain patent goes back to 1988, he worked at the NSA- it's all planned out Since its job is done, Btc will be put out to pasture. You are trying to make gains on some antiquated tech while the future is staring you in the face... ive written software for 33 years. Bitcoin in its current state can't survive. it's simple math. they have to ditch the consensus mechanism. but the purists will scream it's centralized! but the lightning network already centralized to a large degree. but they don't know math. p2p must fail at scale and p2all p fails faster.
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