Loading ...I recognized BTC very early on would be a rising Elliott wave, and I rode it up to great profit and then got out. I was always skeptical about the long-term story and just played ‘wait and see’. It needs stability to be long-term useful, and it now looks like some big players are dumping it hard. The transaction clearing network is also becoming unwieldy with long clearing times in some cases.
I think I might have $40 left in a few BTC Satoshis. I’ll eat that loss. Mostly, I’m glad I don’t have a BTC computer node running on my computer, trying to catch up on recent transaction clearings.
I understand some of the ‘miners’ are running server farms that take up far more electricity than they will ever recover in mining BTC. There are not that many left to be had, and scarcity is the key selling point.
It is kinda fun to watch the ‘Digital Tulips’ implode now. 🙂