RE: Bitcoin crash: Reasons and Analysis
Dear @lennyblogs
Thanks for sharing your thoughts regarding current market conditions. For many investors out there it surely is a very challenging time. We may all know that the best time to buy is when market is bleeding out. But it is not as simple to do as it is to say.
(after all, how many times can we afford to "buy the dip" before our money runs out while we continue watching markets going even lower)
Swedish officials are pushing for a crypto mining restriction across the European Union's 27 member states, concerned that solar power is being used to mine cryptocurrencies like bitcoin rather than being channeled for public use. Leaders in Germany, Spain, and Norway have all expressed support for the demand.
So silly :/
Well. Crypto will not need europe. It will still exist and EU will be the one missing out. Amount of businesses that would move away to other parts of the world would be insane.
I wonder why EU wouldn't focus their attention on amount of energy being consumed by traditional banking system.
Yours, Piotr
Hello @crypto.piotr!
Well, I bought the dip twice and we still get more dips so that's it for me, for now, observation is the best thing we can do.
I don't even know why they focus on crypto and as you said they ignore the consumption of energy by the current or traditional banking system. If they miss out on crypto and they figure it out late they will probably regret it badly, but well, we can only see what they can do about it.
Thanks for reading!