Bitcoin falling off a cliff. Major markets nosediving. Even gold down. ?? Maybe waking up to what a mess things are these days? Or just a temporary blip?
the computing power to run ai servers is so expensive and uses so much water etc but most people havent talked about the depreciation of all this tech nvidia haave made a fortune from selling all the ai gpu cards, but running 24/7, theyll be dead within a couple years... then millions more need buying a bit like the initial crypto mining scramble but on a scale far far far far bigger
Just the froth off the top of an incredible bull run, the minor correction to the markets that has been coming not a nosedive, crypto apart which has fallen more, unfortunate for pension funds which may get a second volley from Reeves next week.
Well, higher income tax for everyone working has been watered down to ripping gold chains off asylum seekers when they get off the ribs onto the Kent coast. A sustainable way to run a G20 economy.
I took profits a few months ago. Left a bit in for a mon shot. If you look at Bitcoins history you'll see there's a correction/dip around 18 months after the Bitcoin halving. The likes of Michael Saylor and Blackrock are still buying, so there isn't much to worry about.
Blimey, world stock markets falling because of the upcoming UK budget! That Rachel Reeves, what is she like?
The Emperors New clothes......it took a little time but the gullible fell for it...with BitCoin etc even the so called smart smart ones who got greedy and tried to last it out...... The tale concerns an emperor who has an obsession with fancy new clothes, and spends lavishly on them at the expense of state matters. One day, two con-men visit the emperor's capital. Posing as weavers, they offer to supply him with magnificent clothes that are invisible to those who are either incompetent or stupid. The gullible emperor hires them, and they set up looms and pretend to go to work. A succession of officials, starting with the emperor's wise and competent minister, and then ending with the emperor himself, visit them to check their progress. Each sees that the looms are empty but pretends otherwise to avoid being thought a fool. Finally, the "weavers" report that the emperor's suit is finished. They mime dressing him and he sets off in a procession before the whole city. The townsfolk uncomfortably go along with the pretense, not wanting to appear inept or stupid, until a child blurts out that the emperor is wearing nothing at all. The entire town then cries out that the emperor is wearing nothing at all. The emperor is startled, but opts to continue the procession.
