Hype? Vested interests --> price manipulation? (Remember, wash sales are okay here, so not everything is necessarily as it seems.) I'm just guessing, of course. Meanwhile, congrats on being ahead of the game.
If you have been around BTC since the early days you would have been way to loaded to spend your time here arguing about how bad it is to pay for electricity or the mining was so rough, it's on you, set it up and get paid big time, I can't bring myself agree to your argument here man, either you are making this up, or you are salty because you did something wrong along the way.
had a lot of things happen over the years with much more that just btc - it's dicey game. if you don't know that then you will
There were other bubbles that lasted longer (eg South Sea Company, Orchids bubble, various local RE bubbles like the Roman urban RE in 2nd century BC). Personally I’d wait for crypto to survive a significant economic downturn before calling it a true store of wealth. This said, while music is playing, we gotta play
everything pretty much goes down on an economic downturn. Yet here we are chugging away at new highs.
Mark, you first really need to first ask yourself if you are happy with a system that only the elite control. You talk about how much electricity bitcoin mining wastes, but think of all the waste that goes into keeping the US dollar going. It requires hundreds of thousands of people to be killed. It requires buying off countless people and funnelling ill gotten gains to them. The US dollar cannot exist unless it exploits so many people along the way. It requires the poor to suffer, to have their time and energy stolen so that people at the top can enjoy their lifestyle. The inflation and basement is necessary for the current system to function. This is the system that you agreeing to if you want to prevent a different system from emerging. Now, if you agree that all of this sounds pretty bad, and you think we should use a monetary system that is a bit more fair, then you have to ask how could something like this work. How do you ensure that nobody has the power to corrupt such a system? Look at dollar bills and all the technology that goes into them to make it extremely difficult to counter-fit them. You clearly can't just write "$100" on a random leaf you find in the forest with a sharpie marker and expect this to work as legal tender. Whatever system is used as a monetary technology clearly needs a robust mechanism to keep it secure. The US dollar once again is secured by a $900B defence budget. That is pretty much what the entire military is for. The US exports dollars and uses the military to ensure everyone else uses them. Then on top of this, you have the entire banking cartel that distributes the dollars, while also of course ensuring that the insiders gets the best handouts first. Without even talking about Bitcoin, you first need to understand the system we have today, and all the bullshit that goes on to make it work. If you don't want this to change, it means you don't mind all the killing and corruption and exploitation and theft.
The never ending falacy. No one loses with Bitcoin! No, so who it buying the other side of your profits?