>2017, October 27th. The Bitcoin price is $5,700. Major investors begin to dump billions of dollars into Bitcoin. The mining community uses as much electricity as half of Ireland.
>2017, November 12th. Large ad-agencies, with the help of investors, place millions in Facebook and Google ads, promoting Bitcoin. New Bitcoin exchanges begin to settle in many different countries, regardless of their legitimacy. Reddit, Veeky Forums, and other large forum accounts begin promoting Bitcoin and its properties. Posts about "winning" on Bitcoin investments are a majority among forums. Debates about possible risks with Bitcoin appear to be miniscule.
>2017, December. The Bitcoin price reaches $15,000. Tether speculations begin to rise, only to be silenced. Major exchanges appear to lock their services when users want to sell currency for fiat. Debates about possible risks with Bitcoin exchanges appear to be miniscule and/or silenced. Bitcoin promotion on the internet, radio and TV grows. The regular citizen begin to invest in Bitcoin because of their greed for quick money. The mining community now uses as much electricity as all of Haiti. The electricity used grows by 450 gigawatts per day.
>2018, June. The Bitcoin price is anywhere from $10,000 to $100,000. The mining community now uses as much electricity as the whole United States, everyday. Big investors exits. Big vendors stop accepting Bitcoin.
>2018, late July. The mining community now uses as much electricity as the whole planet Earth, everyday. The Bitcoin price is now below $10,000. There are no major exchanges left who support Bitcoin. "Anti-Bitcoin" posts begin to rise. Owners cannot sell their Bitcoins for asking price, panic ensues.
>2018, August. Bitcoin is no longer being mined. No vendor support for Bitcoin. No exchange support for Bitcoin. The Bitcoin price is below $100.
True but this will all happen in a week not in 6 months.
Tyler Turner
>Big vendors stop accepting Bitcoin. already happening, steam dropped out
Nolan Nelson
Vendors like Amazon or AliExpress may accept Bitcoin anytime soon, but they will stop accepting them later on.
Everyone is joining this frenzy, even large companies.
Jason Reed
I am richer than i have ever been in my life right now.
and i dont like it one bit
Robert Gomez
Welcome to hell Enjoy your stay
Angel Hernandez
Sell/spend it while you can. Please, don't be greedy. This will fuck all of us over.
I already sold mine at $16,300
Liam Allen
Steam dropped because of btcs inane price fluctuations.
Once btc is a standardized household thing gaben will come crawling back.
Jose Green
This They even said the fees and volatility right now we're making it impractical They'll be back At $50k
Thomas Jenkins
You fucking retards, the only reason price volatility is a problem is because of the long transaction fees. When your shitcoin arrives 3 hours after you made the payment the price changed, that's the issue. Fucking brainlets.
Joseph Hernandez
sell 2x your principal, no matter what happens next atleast you'll have doubled your investment
Hudson Nelson
>that was implied
Alexander Smith
>tfw you're too late to the party fuck me
Brandon Brooks
I was telling my friends about bitcoin in 2013. Bought one bitcoin for 200 bucks. I'm on suicide watch right now.
Gavin Nelson
Do you know how fucking low Amazon margins are? They are not touching BTC with a 100ft pole.
Thomas Price
>2017, October 27th. OP is a faggot
>2017, November 12th. OP is a faggot
>2017, December. OP is a faggot
>2018, June. OP is a faggot
>2018, late July. OP is a faggot
>2018, August. OP is still gonna be a huge faggot
Caleb Martinez
why you haven't killed yourself yet is beyond me.
you had to do one thing
Austin Long
The electricity argument is false and has been destroyed already, if you care to google it.
Liam Hall
hum, seems to be a pattern gonna need some more time to work through it dough
Ayden Johnson
No use killing yourself over spilt milk. Wish I still had my 6 btc and 50 eth from way back..
You dont even know where you are do you? Bitcoin has always been shilled on Veeky Forums. It started getting shilled heavily when eth started picking up in january as the most stable gain coin. There was bitcoin and eth and then "shitcoins". This board was made to get bitcoin threads off of /g/.
Michael Cooper
31 tWh is nothing
>> French gross production of electricity amounted to 557 terawatt-hours (TWh) in 2014
Parker Ramirez
Bitcoin has never been this popular on the internet as it is right now. Ads about it are targeted on everyone on social media.
Veeky Forums is nothing compared to where all the normies see ads.
Anthony Williams
fuck it, I'm late too and I have 25 dollars to my name right now and I'm going to put into a shitcoin, better late than never
Nolan Perez
Sorry, I was wrong. I meant that by June, it will be 150x France worth of electricity.
The energy consumption for mining has already gone up by 29% this month.
Elijah Parker
Cool random post that has nothing to do with my post. I specifically said shilled on Veeky Forums and about debates about bitcoin. There have been articles about bitcoin constantly being pumped out by everyone who matters since the rise in january. I could care less about shilling on facebook. The OP specifically says shilling on Veeky Forums and reddit started in November which is retarded revisionist history.
Oliver Russell
nice article were de numbers come from?
a rough estimation with real numbers HASH RATE: 14,867,776.05 TH/s Antimner S9 : 11.5 TH/S; 1127 W / h thats : 1,292,850 antminer = 1,457,041 kW / h = 1.45 TW / h 16.5 x less than Nigeria nice try OP
