# 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:** 80
**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:** [September 1, 2022, 1:56pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1588 "2022-09-01T13:56:13Z")
Where I live, we have a thriving tent-city culture. No bills, no problem. ---
**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:** [September 1, 2022, 2:49pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1589 "2022-09-01T14:49:48Z")
I feel bad for people man. I’m shocked that a couple with kids who earn £50k per year between them still won’t be able to pay their bills. ---
**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:** [September 1, 2022, 5:25pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1590 "2022-09-01T17:25:30Z")
Once the peasants are homeless and starving, will the idle rich be able to maintain their lifestyles? I worry about them. Maybe bitcoin will help. ---
**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:** [September 2, 2022, 9:27am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1591 "2022-09-02T09:27:49Z")
> **[Japanese yen slips to 24-year low against dollar](https://www.bbc.co.uk/news/business-62762138)** > > The US dollar hit a fresh high on strong employment data and the signal of higher interest rates. > **[First Mover Americas: Bitcoin Drops Below $20K, Michael Saylor Sued for Tax...](https://www.coindesk.com/markets/2022/09/01/first-mover-americas-bitcoin-dips-below-20k-michael-saylor-gets-sued-for-tax-fraud/)** > > The latest price moves in crypto markets in context for Sept. 1, 2022. > **[Bitcoin is for those in need, the rest need time to learn: Surfin Bitcoin panel](https://cointelegraph.com/news/bitcoin-is-for-those-in-need-the-rest-need-time-to-learn-surfin-bitcoin-panel)** > > A panel discussion hosted at Surfin Bitcoin, France, illustrated that while Bitcoin works for those in need, more education is required. ---
**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:** [September 3, 2022, 9:29am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1592 "2022-09-03T09:29:19Z")
> **[As 10,000 Long-Dormant Bitcoins Finally Trade, Observers Wonder What's Up](https://www.coindesk.com/markets/2022/09/02/long-dormant-bitcoin-move-at-low-prices-but-its-probably-nothing/)** > > Blockchain data shows 10,000 BTC, worth more than $200 million, were moved in two transactions in the last week. ---
**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:** [September 4, 2022, 7:36am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1593 "2022-09-04T07:36:43Z")
Sell your coins ![](https://global.discourse-cdn.com/eveonline/original/4X/f/4/1/f4115c062dc574a9cb535b1810d02cadbd6f06bc.png) ---
**Author:** ![Uriel\_the\_Flame](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/uriel_the_flame/32/490165_2.png) [@Uriel\_the\_Flame](https://forums.eveonline.com/u/Uriel_the_Flame)\ **Post date:** [September 4, 2022, 7:41am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1594 "2022-09-04T07:41:02Z")
But what if you’ll need them coins in the afterlife? 🙃 > **[Charon's obol](https://en.wikipedia.org/wiki/Charon%27s_obol)** > > Charon's obol is an allusive term for the coin placed in or on the mouth of a dead person before burial. Greek and Latin literary sources specify the coin as an obol, and explain it as a payment or bribe for Charon, the ferryman who conveyed souls across the river that divided the world of the living from the world of the dead. Archaeological examples of these coins, of various denominations in practice, have been called "the most famous grave goods from antiquity." > The custom is primarily ass... 😉 ---
**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:** [September 4, 2022, 1:54pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1595 "2022-09-04T13:54:37Z")
[https://www.bloomberg.com/news/articles/2022-09-03/el-salvador-had-a-bitcoin-btc-revolution-hardly-anybody-showed-up](https://www.bloomberg.com/news/articles/2022-09-03/el-salvador-had-a-bitcoin-btc-revolution-hardly-anybody-showed-up) ---
**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:** [September 4, 2022, 3:25pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1596 "2022-09-04T15:25:45Z")
I guess those articles will all turn out to be really funny in a couple years. ---
**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:** [September 4, 2022, 3:30pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1597 "2022-09-04T15:30:53Z")
Ha, ha. ![](https://global.discourse-cdn.com/eveonline/original/4X/9/0/a/90a15983db6f92392274777c034001cdd654fc96.jpeg) ---
**Author:** ![Uriel\_the\_Flame](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/uriel_the_flame/32/490165_2.png) [@Uriel\_the\_Flame](https://forums.eveonline.com/u/Uriel_the_Flame)\ **Post date:** [September 4, 2022, 3:36pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1598 "2022-09-04T15:36:29Z")
![](https://global.discourse-cdn.com/eveonline/original/4X/4/a/7/4a7cf9f76ff1309715aea47bb2f52e212aa300d1.jpeg) Edit: > **[Steam Community :: Screenshot :: "Come, it is safe inside"... mwhaha](https://steamcommunity.com/sharedfiles/filedetails/?id=499574848)** > > Steam Community: . "Come, it is safe inside"... mwhaha ---
**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:** [September 4, 2022, 6:12pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1599 "2022-09-04T18:12:24Z")
[![]( " - YouTube") ](https://www.youtube.com/watch?v=hNO5heEgXQY) > **[Argentina’s Mendoza province now accepting crypto for taxes and fees](https://cointelegraph.com/news/argentina-s-mendoza-province-now-accepting-crypto-for-taxes-and-fees)** > > According to the “how to pay” guide published by the Mendoza Tax Administration, citizens can pay through the portal using crypto. It might take a long time but crypto currencies are going to become commonplace in our societies. ---
**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:** [September 4, 2022, 6:20pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1600 "2022-09-04T18:20:42Z")
> [@Aaron](#): > > crypto currencies are going to become commonplace Definitely they will. **Central-bank** crypto currencies ---
**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:** [September 4, 2022, 6:46pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1601 "2022-09-04T18:46:58Z")
> [@Xeux](#): > > Definitely they will. **Central-bank** crypto currencies That isn’t what I see happening now, I see decentralised crypto currencies becoming popular. They can create lots of crypto currencies which will be ignored because the whole point of crypto is the fact it’s decentralised. ---
**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:** [September 6, 2022, 1:37am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1602 "2022-09-06T01:37:57Z")
So in the UK we now have a new PM, Liz Truss, apparently she has private investments in energy firms and has received payments from them. We also have power companies operating in the UK earning over £150 Billion in profit per year. There is talk of the government freezing prices of energy, I’m not sure how a companies profits can be a higher priority than people not having energy and becoming unwell because they can’t afford food. Understanding all of this makes me realise there is a need for a level of decentralisation, some of the decisions made are very bad. Currently many can’t afford to heat their homes or pay for electric and charities report people who need help aren’t asking for food that requires cooking they seem to want food they can eat straight away because they can’t afford the energy too cook it. Some business electric contracts run out at the end of this month, so we could see an energy bill for a typical uk business go up by 4 or 5 times which will cripple many businesses. ---
**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:** [September 6, 2022, 12:22pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1603 "2022-09-06T12:22:43Z")
This problem will solve itself anyway. People will not use as much energy as they used to. Additionally they will have to use energy sources that are still left. This happened during scarcity in history. Permanent scarcity will cause permanent changes in economy, technology and society. ---
**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:** [September 6, 2022, 1:04pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1604 "2022-09-06T13:04:03Z")
Higher energy prices will just mean that producing energy will be more profitable, so more power plants will be built which will bring the prices down again. In a free market. Now if they start fix prices that will not work and then no one has an incentive to build out power production. ---
**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:** [September 6, 2022, 1:10pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1605 "2022-09-06T13:10:36Z")
> [@Karak\_Terrel](#): > > more power plants will be built The cost of producing power is a sum. We would have to see the budget of power plant to say anything about how profitable it is. And from where the costs are actually coming. Then we can simulate budget for different power plant using other resources and technologies, its a complicated stuff, needs many specialists in their areas. ---
**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:** [September 6, 2022, 1:44pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1606 "2022-09-06T13:44:17Z")
> [@Karak\_Terrel](#): > > Now if they start fix prices that will not work and then no one has an incentive to build out power production. This is where governments need to come in and give energy companies a shove. A government should never be happy with energy costing so much that even key workers on salaries of £25 to £30k per year are affected badly and have no idea how they will pay for energy. If a police woman who is a mother is earning just over £25k per year and still has to visit a food bank then god knows how anyone on a salary lower than that is surviving. ---
**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:** [September 6, 2022, 1:47pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1607 "2022-09-06T13:47:43Z")
> **[UK to borrow billions to cut energy bills](https://www.bbc.co.uk/news/business-62801913)** > > The expected plan would see over £100bn added to government borrowing. [Previous page](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290.md?page=79) [Next page](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290.md?page=81)