# The Rise and Fall in Bitcoin Value **URL:** \ **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:** 13
**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 11, 2022, 12:38pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/241 "2022-03-11T12:38:28Z")
> [@Emotional\_Support\_Clown](#): > > Bitcoin does not require regulation Its like saying that gambling doesnt require it. Of course it needs to be regulated. ---
**Author:** ![Emotional\_Support\_Clown](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/emotional_support_clown/32/310422_2.png) [@Emotional\_Support\_Clown](https://forums.eveonline.com/u/Emotional_Support_Clown)\ **Post date:** [March 11, 2022, 12:50pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/242 "2022-03-11T12:50:25Z")
Companies are the ones that are regulated, they are regulated currently. Please explain how you will regulate source code? Are you telling me the code I have on my computer is to be regulated and deemed possibly illegal? I just did a git clone of Bitcoin, will I be commiting a crime? ```auto $ git clone https://github.com/bitcoin/bitcoin.git ``` Here is the license permit I have [bitcoin/COPYING at master · bitcoin/bitcoin · GitHub](https://github.com/bitcoin/bitcoin/blob/master/COPYING) When fiction starts becoming fact [Fahrenheit 451 1966 Trailer | Oskar Werner - YouTube](https://www.youtube.com/watch?v=r6VUExA5UKA) They tried arresting and banning PGP back in the 90’s, peddle you backdoored and weakened official alternatives, didn’t work out. Can’t ban and regulate math and text and ideas, what’s next? Ban science? Regulate the weather? Good luck (no, not really, it’s sarcasm) with your quest to regulate open source and math. ---
**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 11, 2022, 3:27pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/243 "2022-03-11T15:27:33Z")
> [@Emotional\_Support\_Clown](#): > > Please explain how you will regulate source code? You dont understand. Law is about using certain things in certain way. Nobody will ban creation of crypto, like they dont ban creation of any kind of software, but using it is an act that can be regulated. ---
**Author:** ![Emotional\_Support\_Clown](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/emotional_support_clown/32/310422_2.png) [@Emotional\_Support\_Clown](https://forums.eveonline.com/u/Emotional_Support_Clown)\ **Post date:** [March 11, 2022, 3:28pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/244 "2022-03-11T15:28:19Z")
> [@Nana\_Skalski](#): > > but using it is an act that can be regulated. So, if I have a fruit tree growing in my garden, and an apple falls off it or I pick an apple off it, I can’t eat it? ---
**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 11, 2022, 3:30pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/245 "2022-03-11T15:30:28Z")
Be more strict with your comparisons. Apple in your garden is not a software. ---
**Author:** ![Emotional\_Support\_Clown](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/emotional_support_clown/32/310422_2.png) [@Emotional\_Support\_Clown](https://forums.eveonline.com/u/Emotional_Support_Clown)\ **Post date:** [March 11, 2022, 3:31pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/246 "2022-03-11T15:31:02Z")
It’s soft and juicy, grew out of nothing (or planting of seeds, own effort), provided me with a gain, nurishment, I can then shop less and be more self sufficient nor need anybody to hold my apples. ---
**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 12, 2022, 12:12am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/247 "2022-03-12T00:12:56Z")
In early spring, feed with a high potassium general fertiliser, such as Vitax Q4. Scatter one handful per square metre/yard around trees growing in bare soil, and one and a half around those growing in grass. Cookers are hungrier – scatter one and a half handfuls per square metre/yard around trees in bare soil, and two around those in grass. Apples should be pruned every year to get the best crop. Timing and method of pruning depends on the type of apple you are growing. To pick an apple, cup it in your hand, lift gently and give a slight twist. It should come off easily with the stalk intact. If it doesn’t, then it’s not ready for picking. Worms inside the apples are not harmful and contain proteins from animals so be careful if you are a vegetarian. But they do make the apples rot. What you should NOT do, though, is harvest fallen fruits that have been lying on the ground for a while. They _could_ pick up harmful bacteria from the soil. If you want to sell your apples, you will invest in a lot of things to become cost efficient. If you just don’t care and randomly eat apples you could ‘let the chips fall where they may’. But what you describe would be a bad economic investment. Like crypto coins and NFT’s, which are more like a casino without rules. A very small amount of winners and a lot of scammed victims. #InB4 “You want the poor to stay poor! If they invested in a house with a large garden to plant many apple trees they would become rich too!” 😃 _sigh_ ---
**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 12, 2022, 12:40am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/248 "2022-03-12T00:40:05Z")
It you want to sell apples, you will need a permit, a license. You also need a bunch of liability insurance. Then you need to pay taxes on any money you have left over. Not to mention the taxes you are already paying just to be allowed a patch of dirt for a tree. ---
**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\ **Post date:** [March 14, 2022, 11:06pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/249 "2022-03-14T23:06:48Z")
Yay, another crypto thread! ---
**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\ **Post date:** [March 14, 2022, 11:25pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/250 "2022-03-14T23:25:18Z")
> [@Arumi\_Liz](#): > > Well, if I put $100 into something and can withdraw 6 figures later, that money didn’t come from me. It came from a crypto exchange, the price is determined using supply and demand due to it being a finite currency. Crypto exchanges are owned by wealthy investors who analyse the market carefully and offer a buy and sell price for BTC. So, one may have got the BTC for £100 back in the day and sold it the other day for £50k. The initial £50k definitely came from an investor/crypto exchange I can assure you. The crypto exchange then splits that 1 BTC into lots of satoshi’s and slowly sells it to other people at a slightly higher price and charges a small fee. Now the people who purchase it might want to invest it and hold onto it for a time until the value increases and then a similar process is repeated as above. Or it might be used for a private legal transaction based on the agreed value of £50k per BTC for example. > [@Nana\_Skalski](#): > > People should stop lying to themselves. Says you, you seem to go to great effort to ignore facts, you’re really on here suggesting sand would be a good currency lol, be careful man someone will scam you out of your life savings with that kind of attitude lol And when Karak mentioned a global transaction with sand you still didn’t budge lol, this is just too funny. > [@Nana\_Skalski](#): > > I used to gamble and seen nothing wrong with it, but when I stopped I saw the ugly side of it. I understand now. it depends on the perception people have of BTC. The price does fluctuate rapidly, not so much over the last month but enough previously and possibly in the future for it to be perceived as quick money making tool, I guess wherever you find the possibility of quick money you will find gamblers. Honestly there is an element of gambling within BTC, when mining if you imagine billions of asics trying to roll the lowest number using a dice with millions of facings whichever miner rolls the lowest number first wins and is awarded the new BTC. And say if someone sold their BTC for £30k then one week later it’s worth £45k, yes for sure I can see how this would irk people to stressful levels. I guess we all have a different perspective, the BTC I am paid is useful because I helped someone mine other crypto the last thing on my mind is investing because I am in debt so right now I cash out to pay debt and some minor living expenses. I’m more excited about working from home on this tbh and earning a fair wage, forget becoming a millionaire for the moment or thinking about the right time to sell BTC to maximise profit, I am a realist on a low income and working hard to get myself out. I’m seriously not some bigshot investor looking to make millions, I’d just like a humble slice equal to the processing power I am able to provide. My mining operation is a good support incase I have to take time off work or get ill, I’ve taken time off work and the sick pay didn’t cover much. So as you can see it’s all about perspective and perception. Thanks for sharing your past problem. Hope this helps. ---
**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 15, 2022, 7:23am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/251 "2022-03-15T07:23:16Z")
> [@Aaron](#): > > you’re really on here suggesting sand would be a good currency lol > [@Aaron](#): > > this is just too funny Not funnier than suggesting that bitcoin is good currency. 🕶 ---
**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\ **Post date:** [March 15, 2022, 10:44am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/252 "2022-03-15T10:44:20Z")
Hey Buddy, I think I am in full agreement with Karak, BTC is based on rules that can’t be changed, no person is in charge of it. ---
**Author:** ![Emotional\_Support\_Clown](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/emotional_support_clown/32/310422_2.png) [@Emotional\_Support\_Clown](https://forums.eveonline.com/u/Emotional_Support_Clown)\ **Post date:** [March 15, 2022, 10:45am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/253 "2022-03-15T10:45:18Z")
> [@Nana\_Skalski](#): > > Not funnier than suggesting that bitcoin is good currency. 🕶 Can explain what a “good currency” is, the properties of it? (also keep in mind the differences between money and currency). ---
**Author:** ![Emotional\_Support\_Clown](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/emotional_support_clown/32/310422_2.png) [@Emotional\_Support\_Clown](https://forums.eveonline.com/u/Emotional_Support_Clown)\ **Post date:** [March 15, 2022, 10:46am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/254 "2022-03-15T10:46:58Z")
> [@Aaron](#): > > Hey Buddy, I think I am in full agreement with Karak, BTC is based on rules that can’t be changed, no person is in charge of it. The rules can be changed, but only with network consensus (and ultimately market consensus after). This is why it is important to be a participant in the network. It’s a hard form of “constitution”, it can be modified but only with a large majority, a super majority. Like consitutions of state. ---
**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\ **Post date:** [March 15, 2022, 10:49am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/255 "2022-03-15T10:49:38Z")
Yes, correct there is a group of miners that can change things. I remember watching a video on it. You’re right they all have to agree in order for change. ---
**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 15, 2022, 7:13pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/256 "2022-03-15T19:13:10Z")
Well miners usually have a loud voice in all of this, because they provide the hash rate and security to the network. But in the end they are a service provider to the network and are reliant on where the money goes. So it’s not the miners who can change things but a majority of the economically active nodes. This is also the reason why it is so important that everyone has to be able to run a node and interact with the Bitcoin network directly instead of relying on third-party services. That is why for example the block size limit is so small in Bitcoin, to make sure you can run it on cheap hardware. There are a lot of cryptos that just remove the limit or never had one and then advertise that as better tech because higher TPS. That’s immediately a red flag. “Not your node, not your rules” ---
**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 24, 2022, 11:38pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/257 "2022-03-24T23:38:29Z")
Uh oh. Big Gubmint would rather El Salvador uses the US dollar, rather than bitcoin: [![](https://global.discourse-cdn.com/eveonline/original/4X/b/b/4/bb4a2bba3caa69fc11a2706f2dc9b4b82ee297d5.jpeg "New Bill deems El Salvador Bitcoin 'THREAT' to US Dollar and Financial System") ](https://www.youtube.com/watch?v=_dvPN3Vd6l8) ---
**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\ **Post date:** [March 25, 2022, 11:23am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/258 "2022-03-25T11:23:37Z")
Heresy has the same view as me, why would criminals use a public ledger which creates records that can’t be changed? No wonder so many of them are being caught. It’s a good honest video with plenty of great discussion points. ---
**Author:** ![Lilath\_Pynnor](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/lilath_pynnor/32/281125_2.png) [@Lilath\_Pynnor](https://forums.eveonline.com/u/Lilath_Pynnor)\ **Post date:** [March 26, 2022, 2:39am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/259 "2022-03-26T02:39:49Z")
It’s going to the moon! ---
**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\ **Post date:** [March 27, 2022, 12:27am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/260 "2022-03-27T00:27:48Z")
> **[Bitcoin price today, BTC to USD live, marketcap and chart | CoinMarketCap](https://coinmarketcap.com/currencies/bitcoin/)** > > Get the latest Bitcoin price, BTC market cap, trading pairs, charts and data today from the world’s number one cryptocurrency price-tracking website The current value is £33,800.00 it’s looking good 🙂 [Previous page](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290.md?page=12) [Next page](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290.md?page=14)