Re:Bitcoin Energy Consumption Index
by celticninja on Thursday October 17, 2019 @03:13AM
(#21279631)
And there are enough people that take the converse position, that allows bitcoin to grow
[ Parent
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Re:Bitcoin Energy Consumption Index
by arcticbull on Thursday October 17, 2019 @02:11PM
(#21284828)
Don't forget the blatant price manipulation from exchanges and scammers! Search numbers show fewer people care now than ever and yet the price is pretty high. You should be surprised by that because the block reward requires $5.25B in new money to enter the market to maintain the price, and yet...
Re:Bitcoin Energy Consumption Index
by CaptainZapp on Thursday October 17, 2019 @03:55AM
(#21279845)
Comparing this chart[1] with the chart found on this page[2] I very much doubt that assessment, specifically in terms of volatility.
Note the very, very different scale of those charts.
[1] https://goldprice.org/de/gold-price-history.html [2] https://en.bitcoinwiki.org/wiki/Bitcoin_history
edit: clarification