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Yeah, but ask yourself: why are you reading this _now_? The article is 2 years old. Bitcoin and the overall cryptocurrency ecosystem are near all-time high val
by vvillena 6y ago
Yeah, but ask yourself: why are you reading this _now_?
The article is 2 years old. Bitcoin and the overall cryptocurrency ecosystem are near all-time high values. Shining a light into this article is probably a maneuver made by someone interested in decreasing the value of Bitcoin. It's possible that this person is a concerned environmentalist, but Occam's razor suggests that this person is someone that wants to buy Bitcoin at lower prices, or that shorted its value in an exchange and wants to increase the benefits before executing the options.
- brettermeier 6y agoMaybe it's just because people care about the future of our planet and don't care about those crypto-stuff?
- hummusman 6y agoAssuming this forum has enough clout to swing the price of BTC is probably a bit of an overstatement...
- jevgeni 6y agoWait, you can short Bitcoin now?
- spatley 6y agoOf course, find somebody to loan you some coin, sell it at current prices, buy some in a week when prices fall and return the coin to the lender, pocketing the price diff. Any fungible product can be shorted, all you need is a willing lender.
- jevgeni 6y agoAssume my rhetorical question boils down to “is it possible to find a willing BTC lender with a decent enough size and non loan-shark rates”? Or even “is there a consensus yield curve for BTC?”
- Hamuko 6y agoProbably because the network is consuming more electricity than ever right at this moment.