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Bitcoin Is Crashing So Hard That Miners Are Unplugging Their Equipment (futurism.com)
submitted 8 months ago by to c/technology@piefed.social
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[–] 21 points 8 months ago (2 children)

This is probably some organized pump and dump type scheme by key players.

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  • [–] 13 points 8 months ago (1 child)

    Of course it is. Something like 2/3 of all BTC are held by a handful of people/companies.

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  • [–] 2 points 8 months ago

    Another fun-but-useless fact I like to remind myself of re: crypto is that, back in its early days (`12?), an old friend gave me a birthday gift of thumbdrive w/ BTC = my birth date (double digit) ...and I have absolutely no idea where it is.

    When I was fully cashing TFO (before one of the crashes, ironically), I may've spent waaaay too long trying to find that >$200k memstick. 🥴😂🤷🏼‍♂️

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    • [–] 8 points 8 months ago

    B-b-b-but it's a hedge against inflation! And instability! Digital gold!

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    [–] 4 points 8 months ago

    https://www.coindesk.com/price/bitcoin

    The 1-year chart is... interesting.

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