how about mining Hbar or some "green" alts instead of btc and eth ?

I knew it was only a matter of time before China did something about crypto. I think as long as the west doesn’t take similar actions Bitcoin will be around. Reloading here for the 40-45k bounce.

You just need a few big markets to have an exit valve for it to be viable.

Also the shit with Elon is kind of annoying. I generally like him but his flip flopping on btc is bush league. You didn’t know about bitcoins energy consumption before buying over a billion in it? All of the sudden it dawned on you?

This post was edited by ofthevoid on May 19 2021 09:00am

China FUD is happening all the time, you are getting stuck in the MSM propaganda.

Here is my understanding of the events i feel like that could be helpful. Reuter posted a misleading article yesterday about china banning trading, people starting retweeting it and it snowballed from there. Truth is they didnt ban crypto, it's an update on anti speculation law from years ago, they have been talking shit about crypto for a while it's not new stuff they are in reality adjusting policies. Just dig in the history if that make you feel nervous

Mainland China and Hong Kong are different, they can say they are banning trading in CN but support it through HK and Singapore.

What do you think would happen if they actually ban it? Remember they bannedor sensored facebook/twitter/google and went hard on amazon.. what happened?

yeah hes trolling for sure. prob laughing like a maniac seeing what he did. creation of paper fiat requires more energy too gonna stop taking it?

Elon is weird, I canceled my cybertruck order since he started saying shit on BTC.

Here are a few interesting sources, it's a good start point to pick interest on the energy FUD and Bitcoin subject

https://twitter.com/i/status/1391747174950752260
https://www.zerohedge.com/crypto/bitcoin-energy-use-far-lower-banking-system-gold-industry-report
https://www.youtube.com/watch?v=8jowNtj7Gyg

Wouldn't be the least bit surprising to see Tesla buy more and have Elon reverse his stance so they can prop up their losing quarters using Bitcoin and carbon tax credit sales as before.

yep he will “change his mind” again after ‘reading’ “new literature” on the subject

A side of me truly believes this. More Institutional money wants into crypto now more than ever. I wouldn’t even say Elon alone but there’s a ton of funds who I’m sure would like some crypto exposure but there’s a huge difference between buying at 60 vs 30k. Buying at 30k you can generate double digit returns for years even if btc only gets back to 60k.

Crypto needed a reset for some of these to get in and this might be it, who knows though.

Elon hasn’t left btc yet it looks like

bubble