Elon Musk denounce bitcoin, btc crash just a minute after twitter posting.

Cobra!

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He wasn't aware that BTC runs on dirty energy meh? And with oil prices spiking, it will force some to move to cheaper alternative like coal.
No he wasn't aware, just as unaware what dirty energy most of his ev runs on.
 

amognoix

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All thinking about returns and none about risks.

What is the market fundamental that drives bitcoin? None.
 

sickoflife

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All thinking about returns and none about risks.

What is the market fundamental that drives bitcoin? None.
Gold got what fundamentals? These store of value are all derived value from other stuff that humans and govt control
 

hachi

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Who kena... While he laughing.... The retail investors? Hahahah
 

zphoe222

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nobody should have the "power" to drive the move of a "currency" that is suppose to be alternative to fiat!

Elon musk has done crypto a disservice by demonstrating that he/she who own it dictate the pricce level
 

amognoix

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Gold got what fundamentals? These store of value are all derived value from other stuff that humans and govt control
Gold is a rare element on earth - can't be generated artificially like BTC

It's inert properties and gold electrical conductivity has it's usefulness.

like you said, government hold gold as reserves to backup their currencies and business activities drives the prices of gold.

Which government use BTC to back their currencies ah? BTC is like betting in casino. Everyone can come up with a new Dogecoin etc. :)

So back to my original question - BTC got what market fundamentals to drive it's prices ah? Same like chanting Diamond hands after buying GameStop and Praying to Cai Shen Ye after buying 4D?
 
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SkyShroud

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he spreading fud liao, he gonna buy the dip
in fact, he might have shorted a lot then spread fud

anyway, it is your chance to buy guys!
 
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