You are comparing the infrastructure of fiat currencies with just the mining energy costs of bitcoin. There are infrastructure costs for bitcoin. I.e., a place like Coinbase certainly eats its fair share of energy. The currency itself shouldn't be consuming energy in order to operate.
What to think of the special-paper, ink, presses, safeguards, transport cars, ATM's, energy, fuel etc..etc.. for fiat currencies? Nothing is for free.
Had to sell all my coins back to Bitcoin. This Exodus in preparation for the split started much earlier than I expected.
You do realize that the Chinese are the biggest gamblers in the world..? For some reason it's in their genetics... they like to gamble, and gamble big. And it's usually going long, since the average investor still doesn't know what shorting means, let alone a Chinese farmer. That's why some Chinese stocks have stupid valuations. Look at PetroChina... doubled in 3 months time just when it listed in Shanghai... did that make sense? No... a bit increase would make sense, but double? Hell no... it just double because it was going up, and all Chinese with a brokerage account liked it going up and thought... it will go up more... lets take the bet! Tadaaa... bubble in PetroChina, which peaked 3 months in and declined ever since.... That said... getting CME to start futures trading in bitcoin is going to be a big push up. I wonder how it's going to be priced... hard to trade the underlying vs futures. Futures trading might start leading the spot....
Futures trading has been happening for a while unregulated. Bringing in pros is going to make it harder to turn a buck though
you mean the futures on bitmex? that's a joke... liquidity zero and non-regulated means the rules a bit funny. There were several rules for determining the end value which I think are very sketchy...
Yeh, sure. But do you realize that the Japanese are the biggest Savers in the world, and having negative interest rates for some time already? Those savings will find a way to crypto-markets as Bitcoin is becoming very popular in Japan right now. It's huge!
The Japanese are very good at business and trading in the sense of production/goods etc. So it makes perfect sense for them to open exchanges. Doesn't mean that it's very big with the Japanese people... Contrary to the Chinese, the Japanese aren't gamblers... that's why they have such a big saving mindset... But hey, whatever suits you. I'm happy for you that BTC has crossed 7k, gefeliciteerd!
Of what I've read about what is happening right now in Japan: it's a hype among people and businesses. Much bigger than China or any country in the world. En bedankt voor de felicitaties