# The Rise and Fall in Bitcoin Value

**URL:** <https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290>\
**Category:** Out Of Pod Experience\
**Created:** [January 18, 2022, 1:41pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290 "2022-01-18T13:41:44Z")\
**Posts on this page:** 20\
**Page:** 10

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**Author:** ![Xeux](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/xeux/32/428022_2.png) [@Xeux](https://forums.eveonline.com/u/Xeux)\
**Post date:** [March 2, 2022, 9:23pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/181 "2022-03-02T21:23:03Z")

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I too would like to be able to buy rocket launchers and PCP for free, just mining some crypto off my laptop and giving it to the dark web somehow. I think that it doesn’t work well anymore (if it ever did).

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**Author:** ![Aedaxus](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aedaxus/32/393915_2.png) [@Aedaxus](https://forums.eveonline.com/u/Aedaxus)\
**Post date:** [March 2, 2022, 9:25pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/182 "2022-03-02T21:25:48Z")

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> [@Xeux](#):
>
> I think that it doesn’t work well anymore (if it ever did).

It’s not about the weapons cache, it’s about going deep inside a German forest, camping there for a few days, digging and digging until it’s night time, hardly sleeping knowing the risks. Getting up in the morning, digging more hoping to find it. Usually not. But it was fun, worth the BTC.

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**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\
**Post date:** [March 3, 2022, 4:24am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/183 "2022-03-03T04:24:13Z")

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> [@Xeux](#):
>
> The major flaw with Bitcoin is that very few people want to exchange it for goods and services. Most of the people who want Bitcoin are idealists and/or speculators.

Well that is the typical henn/egg problem with such things. If there are no businesses to pay at why should customers have it. If customers don’t have it, why should businesses add the payment option.

This is all still very early. There was a similar issue with the internet, because there was no content and no users.

> [@CowRocket\_Void](#):
>
> Electric… without it there is no crypto, even if you have the ability to make your own. If you want to be ready for a crap storm of uncertainty, buy textiles, nonperishables, and seeds.

Found the prepper. No, I don’t want to prepare for the end of the world. I simply want more control and ownership over my money.

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**Author:** ![Xeux](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/xeux/32/428022_2.png) [@Xeux](https://forums.eveonline.com/u/Xeux)\
**Post date:** [March 3, 2022, 5:20am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/184 "2022-03-03T05:20:13Z")

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But, if somebody has stocked up on textiles, they can always sell them for bitcoin later.

 ![](https://global.discourse-cdn.com/eveonline/original/4X/2/c/8/2c8ce339ecc3720bb46f08d0c61741e4c4a1613a.jpeg)

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**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\
**Post date:** [March 3, 2022, 8:15am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/185 "2022-03-03T08:15:12Z")

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Handmade, thats premium stuff.

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**Author:** ![Aedaxus](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aedaxus/32/393915_2.png) [@Aedaxus](https://forums.eveonline.com/u/Aedaxus)\
**Post date:** [March 3, 2022, 8:27am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/186 "2022-03-03T08:27:52Z")

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Good news for the Bitcoin,

> **[Russia’s Sberbank pulls out of Europe after facing failure amid sanctions](https://www.theguardian.com/business/2022/mar/02/russia-sberbank-pulls-out-of-europe-after-facing-failure-amid-sanctions)**
>
> Bank’s European subsidiaries faced ‘abnormal cash outflows’, so it could no longer supply them with liquidity

After a bankrun that “evil centralized bank” has to close it’s foreign offices. Are you celebrating and posting on your social media about this? 😉

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**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\
**Post date:** [March 3, 2022, 8:33am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/187 "2022-03-03T08:33:07Z")

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There are already preasures to make russian wallets not accessible on exchanges. Total economic war is total.

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**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\
**Post date:** [March 3, 2022, 9:15am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/188 "2022-03-03T09:15:50Z")

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I’m sorry man, I’m now into textiles and stack toilet paper instead of Satoshis, so I can’t help you with your Bitcoin related questions anymore.

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**Author:** ![Aedaxus](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aedaxus/32/393915_2.png) [@Aedaxus](https://forums.eveonline.com/u/Aedaxus)\
**Post date:** [March 3, 2022, 11:14am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/189 "2022-03-03T11:14:17Z")

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I’m mining toilet paper too now! One day I’ll be the Gorillionaire who started out with toiletpaper early!  
Here is the analog mining instruction set:

1. Gather paper around your home, such as printer paper, non-glossy magazine sheets, or newsprint. Crumple it up.
2. Soften the paper even further by soaking it in a water-filled bucket. This also helps remove any ink. Leave in the bucket for several minutes, or until the paper is mostly ink-free.
3. Transfer the paper to a pot. Add leaves or grass to help make the paper more compact. Fill with water and then simmer on the stove for up to an hour.
4. Increase the heat and bring the water to a boil for about 30 minutes. The process allows the paper to be converted to pulp. Allow the water to cool before removing the pulp from the water.
5. After removing the pulp, you can add certain personal care items to help prevent it from drying out. Options include baby oil, fragrance-free lotion, or aloe. You can also add a couple drops of an astringent like [witch hazel](https://www.healthline.com/nutrition/witch-hazel-benefits-uses). Use a few tablespoons and mix it in the pulp with a spoon.
6. Spread out the pulp with a spoon on a flat, clean towel. Make sure you create a thin and even layer (you may use a rolling pin for assistance). Add another dry towel on top of the paper layer to help remove any water left in the pulp. You can also add heavy objects on top of the towel to assist.
7. After a few hours, you can remove the top towel and bring the paper out into the sun. Leave it outside until completely dry.
8. Peel the now-dry paper, and cut the desired size of sheets you want to use. Store in a plastic bag or clean container for future use.

If I can make 1 roll per day, I get €1 per day. Just like with a crypto miner! 😃

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<div class="post-metadata">

**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\
**Post date:** [March 3, 2022, 9:57pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/190 "2022-03-03T21:57:26Z")

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> [@Xeux](#):
>
> The major flaw with Bitcoin is that very few people want to exchange it for goods and services. Most of the people who want Bitcoin are idealists and/or speculators.

Oh look that just happened [Lugano, Switzerland Will Make Bitcoin Legal Tender - Bitcoin Magazine - Bitcoin News, Articles and Expert Insights](https://bitcoinmagazine.com/business/lugano-switzerland-will-make-bitcoin-legal-tender)

That’s an absolutely stunning city, I often go there in summer, but I honestly didn’t see this coming.

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**Author:** ![Xeux](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/xeux/32/428022_2.png) [@Xeux](https://forums.eveonline.com/u/Xeux)\
**Post date:** [March 3, 2022, 10:42pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/191 "2022-03-03T22:42:53Z")

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I would still rather have the textiles.

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**Author:** ![CowRocket\_Void](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/cowrocket_void/32/189525_2.png) [@CowRocket\_Void](https://forums.eveonline.com/u/CowRocket_Void)\
**Post date:** [March 4, 2022, 2:02am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/192 "2022-03-04T02:02:38Z")

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> [@Karak\_Terrel](#):
>
> Found the prepper.

If being prepared for bad times makes me a “prepper”, OK.

> [@Karak\_Terrel](#):
>
> ownership over my money.

Your money… LOL, how cute.

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**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\
**Post date:** [March 4, 2022, 9:45am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/193 "2022-03-04T09:45:30Z")

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> [@CowRocket\_Void](#):
>
> If being prepared for bad times makes me a “prepper”, OK.

Yes that is generally what that means

> [@CowRocket\_Void](#):
>
> Your money… LOL, how cute.

Yeah I know, it’s not textiles, seeds or toilet paper.

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**Author:** ![Xeux](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/xeux/32/428022_2.png) [@Xeux](https://forums.eveonline.com/u/Xeux)\
**Post date:** [March 4, 2022, 2:46pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/194 "2022-03-04T14:46:00Z")

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I think what Cow Rocket was suggesting with his rhetoric is that no individual can own money, since it is fundamentally a social construct.

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**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\
**Post date:** [March 4, 2022, 3:48pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/195 "2022-03-04T15:48:24Z")

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The writing says on it that it is not yours anyway. They are Federal Reserve Notes. Not yours.

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**Author:** ![Xeux](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/xeux/32/428022_2.png) [@Xeux](https://forums.eveonline.com/u/Xeux)\
**Post date:** [March 4, 2022, 3:48pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/196 "2022-03-04T15:48:55Z")

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But we are talking about Bitcoin.

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<div class="post-metadata">

**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\
**Post date:** [March 4, 2022, 3:51pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/197 "2022-03-04T15:51:29Z")

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Wel, Bitcoin is owned by people who actually program that thing. They have power to do anything with it.

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**Author:** ![Aedaxus](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aedaxus/32/393915_2.png) [@Aedaxus](https://forums.eveonline.com/u/Aedaxus)\
**Post date:** [March 5, 2022, 8:51am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/198 "2022-03-05T08:51:40Z")

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> [@Nana\_Skalski](#):
>
> They are Federal Reserve Notes. Not yours.

> [@Nana\_Skalski](#):
>
> Bitcoin is owned by people who actually program that thing.

The good thing is that now we see what would happen if people would do away with governments, a total financial dystopia. It’s been € -5.222,81 (12,73%) since last year, I feel so sorry for those who are forced to accept it as legal tender. Those businesses in those countries are being sucked dry by rich ‘digital colonists’, sad and immoral.

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<div class="post-metadata">

**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\
**Post date:** [March 5, 2022, 9:01am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/199 "2022-03-05T09:01:43Z")

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I wish there would be conducted an experiment, where there is a city completely selfsufficient on earth, or better moon or mars, where all what you can use as currency would be a digital currency, not exchangable to any other. Can be bitcoin.

Is that unreal? Probably as much as the future where all you can use as currency will be seashells… 🤷‍♀️

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**Author:** ![Anderson\_Geten](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/anderson_geten/32/390041_2.png) [@Anderson\_Geten](https://forums.eveonline.com/u/Anderson_Geten)\
**Post date:** [March 5, 2022, 10:17am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/200 "2022-03-05T10:17:33Z")

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Already the case. Present currencies are only digital.

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