Checking out an online article from my local news channel/website and came across this gem.

"DG001 · 3537 days ago

As soon as China laws make bitcoin unusable, no one will want them and the value will drop, again. We have seen it happen twice now, the first time it was deemed a commodity, the second time around exchanges to real money were banned. Bitcoin went from $1200 down to ~$500 in a matter of an hour and has slowly made it back up to ~$700 now.

Basically, China is propping up the bitcoin market, without them it would still be $15 each and no one would care.

Anyone that thinks bitcoin is going to change the world, get your head out of the clouds. Every retailer that takes bitcoins uses a service that instantly cashes them out to whatever currency they normally use, that is not world changing."

#bitcoin

#nostr

#bubble

#tulips