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Strategies & Market Trends : Bitcoin
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To: Doren who wrote (898)5/21/2021 6:21:36 PM
From: Elsewhere  Read Replies (2) of 963
 
But miners don't produce anything usable.

Bitcoin provides the safest, hardest money ever invented by mankind. No inflation, no dilution. The proof-of-work scheme secures the blockchain against hijackers similarly as thick walls were needed for fiat or gold - just much more elegantly. It actually uses less energy than the traditional banking system and than gold mining.

And bitcoin speculators want money for nothing.

Traders get "rekt". The majority of Bitcoiners are "hodlers" - they hold for the long run. Those who understand Bitcoin have the grit to stick to it through ~85% drawdowns.
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