# 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:** 87
**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:** [November 15, 2022, 5:53pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1731 "2022-11-15T17:53:44Z")
At least you were honest in that comment. Aged like milk though, honestly how long did you think it would take before his ponzi scheme fell apart? ![70vf5h1](https://global.discourse-cdn.com/eveonline/original/4X/a/1/6/a16a301fab3ae81e3614d1b4baa6a1bdab94442d.jpeg) ---
**Author:** ![stefnia\_Freir](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/stefnia_freir/32/390048_2.png) [@stefnia\_Freir](https://forums.eveonline.com/u/stefnia_Freir)\ **Post date:** [November 15, 2022, 7:02pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1732 "2022-11-15T19:02:20Z")
“infinite money” is backed by “infinite energy”. No wonder they fell right into the trap. ---
**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:** [November 15, 2022, 7:25pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1733 "2022-11-15T19:25:55Z")
> [@stefnia\_Freir](#): > > “infinite money” for the 200th time…BTC is not infinite. It is finite, 21 million BTC is the limit, there will never be more than that. It is estimated that the last BTC will be mined around 2140 which might need to be revised due to current/future energy costs. ---
**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:** [November 15, 2022, 7:37pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1734 "2022-11-15T19:37:05Z")
> [@stefnia\_Freir](#): > > Yes it can, as soon as the cost of mining exceeds the benefit acquired by mining. Lol, it only took one sentence to tell everyone that you have absolutely no clue how any of this actually works. Yet you seem so sure that your opinion about Bitcoin is somehow relevant. ---
**Author:** ![stefnia\_Freir](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/stefnia_freir/32/390048_2.png) [@stefnia\_Freir](https://forums.eveonline.com/u/stefnia_Freir)\ **Post date:** [November 15, 2022, 7:44pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1735 "2022-11-15T19:44:33Z")
salty troll is salty. ---
**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:** [November 15, 2022, 7:44pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1736 "2022-11-15T19:44:53Z")
I’m not sure why you think I care if centralized ponzi exchanges burn down. They are the complete opposite of what Bitcoin actually is. Good riddance. ---
**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:** [November 15, 2022, 7:50pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1737 "2022-11-15T19:50:55Z")
It was decentralized over 140 (fake) companies, most probably overseas… lol. ---
**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:** [November 15, 2022, 7:51pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1738 "2022-11-15T19:51:21Z")
For pointing out that your whole point you made is based on a complete misunderstanding of how mining works? Sure. Go read about how the difficulty adjustment works and then come back, troll. ---
**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:** [November 15, 2022, 8:03pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1739 "2022-11-15T20:03:35Z")
> [@Karak\_Terrel](#): > > Go read about how the difficulty adjustment works It works by lowering the rewards after time but adjusting the chance of reward once too many players stop playing in the casino. ---
**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:** [November 15, 2022, 8:07pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1740 "2022-11-15T20:07:19Z")
Wrong. You can sit down again. ---
**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:** [November 15, 2022, 8:39pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1741 "2022-11-15T20:39:22Z")
Sit down? lol. No, I’m here to laugh at some anarcho capitalists who think they can convince the world to invest in their BTC nonsense. Specifically here in a forum with about 10(?) people in the convo. It happened before, was called the silk road. And yes for some items (which are illegal in most countries) there is a need for pseudonimity/anonymity. So don’t worry, BTC will never ‘die’. But it can’t go mainstream anymore. So well, you’re stuck with a specific crowd. lol. I can understand your cropped up anger and frustration. I hope this forums helps you release some of 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:** [November 15, 2022, 8:54pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1742 "2022-11-15T20:54:09Z")
At least there is good news, if you are familiar with BTC, the Swiss government is leading the implementation of CBDC’s. Don’t worry, @Karak_Terrel , Switzeland is not a dictatorship and the people are very close to the government, I remember someone telling me. 😃 At least with your BTC /crypto knowledge you can help older people use CBDCs… 😛 Aw man, the random articles on the Internet… you can’t make this up. > **[Switzerland tests digital currency payments with top investment banks](https://www.reuters.com/technology/switzerland-tests-digital-currency-payments-with-top-investment-banks-2022-01-13/)** > > Switzerland's central bank has successfully used digital currency to settle transactions involving five commercial banks, the Swiss National Bank said on Thursday, the latest trial of the technology in wholesale markets. ---
**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:** [November 15, 2022, 9:15pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1743 "2022-11-15T21:15:21Z")
> [@Aedaxus](#): > > I’m here to laugh at some anarcho capitalists Yeah, they are easy to make fun of, I do that quite often myself. Their simplistic world view is absilutely ridiculous. > [@Aedaxus](#): > > invest in their BTC nonsense You should clearly not buy Bitcoin if you don’t understand it. You will just get wrecked by the volatility. > [@Aedaxus](#): > > Switzeland is not a dictatorship and the people are very close to the government Oh yes, that is indeed true. We just had the city of Lugano go all in on Bitcoin adoption btw [https://planb.lugano.ch/](https://planb.lugano.ch/) Switzerland has quite the tradition with different forms of private money, and we are certanly not afraid of Bitcoin. We regulated that stuff years ago. ---
**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:** [November 15, 2022, 10:31pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1744 "2022-11-15T22:31:10Z")
> [@Karak\_Terrel](#): > > Oh yes, that is indeed true. We just had the city of Lugano go all in on Bitcoin adoption btw [https://planb.lugano.ch/](https://planb.lugano.ch/) The student grants of 500m francs is good and I like the help which is available for businesses re-locating there, this really seem like an exciting project and the people involved must be happy to be there. The 500m in grants will sponsor the future developers of large scale payment systems, it is projects like this that will help bring GPU mining back as they are efficient and can assist with transactions. ---
**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:** [November 16, 2022, 3:25pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1745 "2022-11-16T15:25:47Z")
> [@Aaron](#): > > BTC is not infinite. They used to say “it goes to the moooooon!” tho, which is quite a long way. > [@stefnia\_Freir](#): > > the cost of mining Doesnt corelate with value of crypto. Can be less than it was mined for, like some of these days. > [@Karak\_Terrel](#): > > We regulated that stuff years ago. But the rest of the world just have different ideas. Whats happening globally is important. People living in Switzerland are also affected. You are personally affected with it. Who have power can dictate the rules. Switzerland is not powerfull. ---
**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:** [November 16, 2022, 5:13pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1746 "2022-11-16T17:13:00Z")
> [@Nana\_Skalski](#): > > Who have power can dictate the rules. Switzerland is not powerfull. Haha, let them come, we beat the crap out of them. They all get an Alphorn directly to the face. We are not afraid of you freedom hating fiat drones. ![come_at_me_bro](https://global.discourse-cdn.com/eveonline/original/4X/7/3/f/73f3440679236578522cc8d5c9dce4a35b71e0e6.gif) ---
**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:** [November 17, 2022, 1:22am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1747 "2022-11-17T01:22:44Z")
> **[Justin Bieber Paid $1.3 Million for a Bored Ape NFT. It’s Now Worth $69K -...](https://decrypt.co/114718/justin-bieber-bored-ape-nft-now-69k)** > > Justin Bieber aped into Bored Ape Yacht Club NFTs in January. But now they’re sinking in value, with the floor price down 84% from its peak. Everyone is trying to get their crypto back, it looks like people are learning; > **[Subscribe to read | Financial Times](https://www.ft.com/content/b6680e41-56d1-4a18-99b3-569bb6d3d999)** > > News, analysis and comment from the Financial Times, the worldʼs leading global business publication > **[FTX’s former CEO claims crypto exchange is still solvent](https://www.theguardian.com/technology/2022/nov/16/ftx-former-ceo-claims-crypto-exchange-is-still-solvent)** > > Sam Bankman-Fried makes statement even as new boss begins formal bankruptcy process > **[Over a million are owed money by failed crypto exchange](https://www.bbc.co.uk/news/technology-63624894)** > > Experts and watchdogs warn UK investors that when crypto firms fail, getting money back is unlikely. ---
**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:** [November 17, 2022, 1:37am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1748 "2022-11-17T01:37:23Z")
Yay coldfusion, [![](https://global.discourse-cdn.com/eveonline/original/4X/2/c/f/2cf175f04eaf3ccd990deda5afb59406c2f2c046.jpeg "The FTX Disaster is Deeper Than you Think") ](https://www.youtube.com/watch?v=20BEJouWBgY) lol, they trusted this group of young people with billions. ---
**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:** [November 17, 2022, 2:05am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1749 "2022-11-17T02:05:28Z")
Those people investing in FTX have plenty of money. $16 billion is chump change. ---
**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:** [November 17, 2022, 2:27am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/1750 "2022-11-17T02:27:48Z")
People who own crypto will also lose money due to the value of the top crypto coins dropping because of this. I can’t work out why anyone would trust someone who plays video games in the middle of a web meeting where $200m investment is being discussed. These irritating people never quit with their idiotic business ideas, because these idiots have family within the government they thought they were invincible, hopefully a prison sentence will help them to realise they can’t trick and lie their way through life. [Previous page](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290.md?page=86) [Next page](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290.md?page=88)