Chinese second-class investors are doing another pump-and-dump scheme now using the #HalvingHype.
Bitcoin has gained no consumer adoption, most new development is happening with Ethereum, and Bitcoin got replaced in headlines with Blockchain.
I see this final pump-and-dump as a desperation move. Imagine this applied to stocks as "Let's pump AMZN, because if we don't, it will go out of business."
This time, the pump is done by miners predominantly and the volumes are small as people moved to more profitable investments long ago
It's like asking - is the next major version of something just a hype.
Okay, Bitcoin was good, it introduced the concept of the blockchain and solved a long-standing issue in a very energy inefficient way.
To run all this computing power just so that Chinese thieves and speculators can sneak out stolen money or increase it as they either lack means to invest elsewhere or it'd be just too sophisticated for them to do, is a ridiculous concept that cannot be sustained for too long!
P.S. By promoting Bitcoin, you support Climate Change, illicit businesses, and stinky speculation.
Just by breathing you can also say I support Climate Change, illicit businesses and stinky speculation.
Where are ethereums killer apps? Something so groundbreaking that it takes the world by storm. The browser, or bittorrent for example. Or is it just another chain in the centipede of cryptocurrency "innovation"?
Bitcoin has gained no consumer adoption, most new development is happening with Ethereum, and Bitcoin got replaced in headlines with Blockchain.
I see this final pump-and-dump as a desperation move. Imagine this applied to stocks as "Let's pump AMZN, because if we don't, it will go out of business."
This time, the pump is done by miners predominantly and the volumes are small as people moved to more profitable investments long ago