# 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:** 60
**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:** [July 6, 2022, 8:38am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1183 "2022-07-06T08:38:10Z")
> [@Aaron](#): > > This is probably why BTC confuses you so much, you have a bad memory and don’t seem to remember much. Thank you, MD. Please refrain from giving medical advise or analyses online. Maybe the NHS is free due to being decentralised? > [@Aaron](#): > > what is the point of your convo? We are here to discuss the rise and fall of BTC. We have opposing views, you should learn to accept that this exists. This is just questions and answers. > [@Aaron](#): > > BTC does hold its value due to there being an amount held in wallets currently, You can see the value is now stable for yourself, What is your definition of stable? BTC dropped 35,58% since last month might not be what people consider stable. Is my mind made up? No, I checked the value and came to a different conclusion than you. Care to elaborate ? Did you mean that the decline is stable? ---
**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:** [July 6, 2022, 9:01am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1184 "2022-07-06T09:01:31Z")
> [@Aedaxus](#): > > Thank you, MD. Please refrain from giving medical advise or analyses online. Maybe the NHS is free due to being decentralised? Well ok, but I’ve told you some facts many times over 2 large threads, at what point will you accept facts and stop repeating similar questions? I guess there is only so far a convo can go. > [@Aedaxus](#): > > We are here to discuss the rise and fall of BTC. We have opposing views, you should learn to accept that this exists. This is just questions and answers. I do accept that, however I can also question where your belief originated from, and I can question the validity of your views. You would also need to accept that if you post your view on a forum then be prepared that people may analyse it. Earlier in the thread you claimed BTC “matured” it seems you don’t understand maturing is only related to some sort of loan. So I’m really not sure where you get your facts from. ---
**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:** [July 6, 2022, 3:02pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1185 "2022-07-06T15:02:16Z")
State economy collapses → solution use untaxed money. Sure, will end very well. Also they complain about frozen bank accounts… their solution… go to crypto exchanges… 😃 rofl. Good luck, they will need it. ---
**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:** [July 6, 2022, 3:05pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1186 "2022-07-06T15:05:46Z")
> [@Aaron](#): > > where your belief originated from > [@Aaron](#): > > Earlier in the thread you claimed BTC “matured” it seems you don’t understand maturing is only related to some sort of loan. So I’m really not sure where you get your facts from. You should call NASDAQ, those morons don’t know it either. > **[An Asset Mature: The Future of Bitcoin in the United States](https://www.nasdaq.com/articles/an-asset-mature%3A-the-future-of-bitcoin-in-the-united-states)** > > Beyond its core value propositions—scarcity, decentralization, security, among others—this report makes the case for four domains that support further Bitcoin adoption in the U.S.. Those cyrpto guys also don’t know it : > **[IMF: Bitcoin matured to ‘an integral part of digital asset revolution’](https://cointelegraph.com/news/imf-bitcoin-matured-to-an-integral-part-of-digital-asset-revolution)** > > Crypto assets are no longer on the fringe of the financial system, which raises stability concerns, new IMF research argues. What do crypto believer say? Oh no, tehy are also dumb > **[Bitcoin could hit $100,000 within a year, crypto firm's CEO predicts](https://www.cnbc.com/2022/04/14/bitcoin-btc-price-could-hit-100000-within-a-year-crypto-ceo.html)** > > There are still some headwinds for the crypto market as the global regulatory environment remains fragmented and the digital currency still remains volatile. Not sure how many more examples you need but I guess your fact is that the entire world is wrong and your opinion of not using the word mature is the only right thing. Did you post any facts? No, it’s a fact because it’s your opinion. ---
**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:** [July 6, 2022, 4:01pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1187 "2022-07-06T16:01:29Z")
> [@Aedaxus](#): > > Not sure how many more examples you need but I guess your fact is that the entire world is wrong and your opinion of not using the word mature is the only right thing. Did you post any facts? No, it’s a fact because it’s your opinion. Google search result; In finance, maturity or maturity date is the date on which the final payment is due on a loan or other financial instrument, such as a bond or term deposit, at which point the principal (and all remaining interest) is due to be paid. * * * You can use the word if you’re referring to the age of something, or the fact that something has changed over time in a good way. example “my son has matured a lot this year he gets up every morning to draw water from the well” > [@Aedaxus](#): > > You should call NASDAQ, those morons don’t know it either. Yes, matured can mean something has developed and progressed over time. ---
**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:** [July 6, 2022, 6:33pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1188 "2022-07-06T18:33:44Z")
> [@Aaron](#): > > I’m not sure why you’re surprised there are some big investors who want BTC to go lower before they buy it. Buying low is the first rule of any business. They sell high and buy low, the difference is their profit, they are shorting it now massively. ---
**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:** [July 6, 2022, 6:54pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1189 "2022-07-06T18:54:20Z")
> [@Nana\_Skalski](#): > > They sell high and buy low, The process must start with buying…materials, stock, resources are all purchased as low as possible. A product is then manufactured or merchandised and sold higher. ---
**Author:** ![Shai\_Hulud](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/shai_hulud/32/279251_2.png) [@Shai\_Hulud](https://forums.eveonline.com/u/Shai_Hulud)\ **Post date:** [July 6, 2022, 7:16pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1190 "2022-07-06T19:16:35Z")
> [@Aaron](#): > > Your points just go around in circles and there’s no real end. Take a look in the mirror… > [@Aaron](#): > > Earlier in the thread you claimed BTC “matured” it seems you don’t understand maturing is only related to some sort of loan. So I’m really not sure where you get your facts from. And you claimed Satoshi invented “supply and demand” as a special feature of BTC/crypto. And that BTC is a form of “artificial intelligence” 🤣 > [@Aaron](#): > > BTC does hold its value due to there being an amount held in wallets currently, You can see the value is now stable for yourself, You might be the ONLY person describing BTC/crypto prices as “stable”… Maybe you should spend more time googling terms and less time verbally humping BTC? edit: Add “pump and dump” to the list as well (although you might want to be careful googling this one… 🤔) ---
**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:** [July 6, 2022, 7:59pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1191 "2022-07-06T19:59:47Z")
> [@Shai\_Hulud](#): > > Take a look in the mirror… Why? I am only posting facts. Are you implying it is somehow wrong to do this? Aedaxus has been told by a few people it’s possible to have a BTC wallet no one but himself has access to, then a few posts later he will say something like that implies BTC can only be stored in an exchange like a bank. I do not talk in this way, so I’m not sure why you want me to look in the mirror, what would I be looking for exactly? > [@Shai\_Hulud](#): > > And you claimed Satoshi invented “supply and demand” as a special feature of BTC/crypto. And that BTC is a form of “artificial intelligence” 🤣 BTC was designed to have a limit 21 million, due to this limit the only way for the value to be affected is supply/demand, this is purposefully designed. You got me on the artificial Intelligence, I just like the way BTC operates intelligently and spans the entire globe. > [@Shai\_Hulud](#): > > You might be the ONLY person describing BTC/crypto prices as “stable”… When selling BTC back to an exchange stops or slows the price is stable. > [@Shai\_Hulud](#): > > Add “pump and dump” to the list as well You can think that is what’s going on, but you are wrong. There was a massive BTC purchase recently which increased the value by about £500. Selling thousands of BTC will result in extremely high fees which would wipe out any possible profit. The issue with pumping and dumping is that it won’t work in a recession as we have seen. If one buys lots of BTC and others are selling then the pump and dump theory will fail. Good luck to any trader attempting the pump and dump. ---
**Author:** ![Shai\_Hulud](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/shai_hulud/32/279251_2.png) [@Shai\_Hulud](https://forums.eveonline.com/u/Shai_Hulud)\ **Post date:** [July 6, 2022, 8:20pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1192 "2022-07-06T20:20:05Z")
> [@Aaron](#): > > I am only posting facts. Add “fact” to the list (of terms you need to google). Also, as usual, you completely missed the point. The factual basis of your points is irrelevant to whether or not you are talking in circles. ---
**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:** [July 6, 2022, 8:23pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1193 "2022-07-06T20:23:58Z")
> [@Shai\_Hulud](#): > > Also, as usual, you completely missed the point. The factual basis of your points is irrelevant to whether or not you are talking in circles. I’m responding to a person talking in circles which is not the same as talking in circles, Yourself and aedaxus seem driven to promote falsehoods about BTC, my role here is more of a fact checker. So if Aedaxus types his falsehoods I tend to respond with the fact. Do I expect you to understand this? ■■■■ no. ---
**Author:** ![Shai\_Hulud](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/shai_hulud/32/279251_2.png) [@Shai\_Hulud](https://forums.eveonline.com/u/Shai_Hulud)\ **Post date:** [July 6, 2022, 8:37pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1194 "2022-07-06T20:37:44Z")
> [@Aaron](#): > > my role here is more of a fact checker Now you are confusing yourself with @Karak_Terrel 🙄 ---
**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:** [July 6, 2022, 8:51pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1195 "2022-07-06T20:51:17Z")
> [@Aaron](#): > > The process must start with buying No, they will borrow it, then sell high, when price drops they will buy low and return the borrowed amount of BTC. As they still technically bought low and sold high, but in different order, they have profit. The act of selling is also provoking the lower price, so the technique have some level of price manipulation, dumping it. ---
**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:** [July 6, 2022, 8:59pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1196 "2022-07-06T20:59:54Z")
> [@Nana\_Skalski](#): > > No, they will borrow it, Yes, and would the goal not be to borrow as cheaply as possible? ---
**Author:** ![Shai\_Hulud](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/shai_hulud/32/279251_2.png) [@Shai\_Hulud](https://forums.eveonline.com/u/Shai_Hulud)\ **Post date:** [July 6, 2022, 9:25pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1197 "2022-07-06T21:25:50Z")
> [@Aaron](#): > > Yes, and would the goal not be to borrow as cheaply as possible? Let’s go ahead and add “short” to the list of words for you to google… (careful, multiple definitions here again - it’s not the one that means “not tall”) In a short you want to borrow at peak… sell… then buy later to repay loan (hopefully much cheaper than the borrow price) ---
**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:** [July 6, 2022, 11:58pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1198 "2022-07-06T23:58:59Z")
> **[Crypto broker Voyager Digital files for bankruptcy following the collapse of...](https://www.theverge.com/2022/7/6/23196500/cryptocurrency-broker-voyager-digital-bankruptcy)** > > Three Arrows Capital owes Voyager over $650 million. > **[Demand for Hardware Crypto Wallets Increases Amid Currency Restrictions in...](https://news.bitcoin.com/demand-for-hardware-crypto-wallets-increases-amid-currency-restrictions-in-russia/)** > > Hardware wallets designed to store cryptocurrency have seen a several-fold increase on the backdrop of currency restrictions in Russia. Investors Take Bitcoin Off Exchanges as Crypto Winter Settles In: [Bloomberg - Are you a robot?](https://www.bloomberg.com/news/articles/2022-07-06/investors-take-bitcoin-off-exchanges-as-crypto-winter-settles-in) It looks like investors are taking precautions and holding their BTC in personal wallets instead of an exchange, Coinbase did reassure their customers that they wont go bankrupt, confidence in these massive crypto giants is decreasing. ---
**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:** [July 7, 2022, 1:41pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1199 "2022-07-07T13:41:51Z")
> **[Satoshi milkshake experiment shows kids can HODL Bitcoin too](https://cointelegraph.com/news/satoshi-milkshake-experiment-shows-kids-can-hodl-bitcoin-too)** > > Bitcoin adoption among kids is growing, from learning about the cost of a Freddo to spending Bitcoin for milkshakes. Out of 27 6 to 10 year olds who were given BTC, 5 of them spent it, while 22 of them decided to hold on to their BTC. 😀 I think it’s great they have activities aimed at understanding BTC and showing them how the price of a popular choc bar has increased which will prepare them for the unknown future. > **[Bitcoin Lightning Network capacity charges through 4,000 BTC](https://cointelegraph.com/news/bitcoin-lightning-network-capacity-charges-through-4-000-btc)** > > Sending money over the Lightning Network is getting faster, easier and cheaper as more capacity is added. ---
**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:** [July 8, 2022, 9:43am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1200 "2022-07-08T09:43:35Z")
> **[Binance CEO Meets Senegalese and Ivory Coast Presidents, Says 'Africa Is...](https://news.bitcoin.com/binance-ceo-meets-senegalese-and-ivory-coast-presidents-says-africa-is-primed-for-crypto-adoption/)** > > The meetings are part of his initiative which is aimed at driving up the adoption of cryptocurrency in Africa and beyond. The meetings must have been insightful, it is a noble quest to want to include everyone in Bitcoin from all walks of life. I’ve posted a little of the article, It seems there are many that have no idea what progress is, how it’s done and why it’s needed. * * * While a majority of his Twitter followers commended CZ for his efforts, one Twitter user named e-king [questioned](https://twitter.com/ekenekingsleys/status/1544472425336799232) the CEO’s belief that Africa is now ready for adoption. “Do you really think the unbanked in Africa have access to smartphones and the internet?” the user asked. * * * These people will never understand that it is a good thing to start making change even if those changes will take 20 years, the “it’s broke and can never be fixed” mentality isn’t productive. ---
**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:** [July 8, 2022, 2:52pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1201 "2022-07-08T14:52:29Z")
El Salvador % Internet users: 29 Senegal: 25 Ivory coast 26 Schooling is 2~3 years less on average for those two countries vs El Salvador. They are probably smarter and less forgetful than me but still… 😃 I think maybe unemployment could be lessened a bit with those companies that will install and maintain the Bitcoin (bank) dispenser. I can imagine them installing it in all the small poor villages that lack electricity and not in the large cities. 🙂 Anyways, we will see how it goes after the government and the rich families buy some BTC. Maybe the poor will get some too! “Most of the energy production is from [fossil fuels](https://en.wikipedia.org/wiki/Fossil_fuel), mostly [diesel](https://en.wikipedia.org/wiki/Diesel_fuel) and gas (733 of 864 MW).[[3]](https://en.wikipedia.org/wiki/Energy_in_Senegal#cite_note-3) An increasing amount of the energy production comes from [sustainable sources](https://en.wikipedia.org/wiki/Sustainable_energy), such as [Manantali Dam](https://en.wikipedia.org/wiki/Manantali_Dam) in [Mali](https://en.wikipedia.org/wiki/Mali) and a new wind farm in [Thiès](https://en.wikipedia.org/wiki/Thi%C3%A8s_Region) opened in 2020—however, it is still a small portion of the total production. Despite increases in production in the 2010s, the economy is frequently hindered by energy shortages compared to demand.” At least there is off grid electricity. And with Bitcoin, they can start to mass produce as all waste energy can be converted in dank BTC. ---
**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:** [July 8, 2022, 2:54pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1202 "2022-07-08T14:54:02Z")
> [@Aaron](#): > > These people 😃 Sometimes you have to be careful as one would suggest we are all equal (to buy, mine or modify the BTC c). 😉 [Previous page](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290.md?page=59) [Next page](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290.md?page=61)