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A comment on $365B wiped off cryptocurrency market after Tesla stops accepting Bitcoin. Parent comment

Re:$365B wiped off cryptocurrency market after Tesla stops a... by HeadsUpHigh on Thursday May 13, 2021 @03:31PM (#27146307)
Just keep in mind that those who move to the coins that pump during a dump tend to put stop losses. So these coins end up dumping harder later on.
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Re:$365B wiped off cryptocurrency market after Tesla stops a... by acchow on Thursday May 13, 2021 @04:22PM (#27146906)
I think people are switching to Cardano because it has lower environmental impact (proof of stake) than others. The Tesla announcement was about the environmental cost of Bitcoin after all.
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Re:$365B wiped off cryptocurrency market after Tesla stops a... by Slartie on Thursday May 13, 2021 @05:38PM (#27147805)
I'd say this observation might be correct, on the basis that the Tesla announcement also sent the lesser-known NANO currency up by about 60-80%, which uses PoS as well.
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