01-23-2022, 03:24 AM
I will tell you my personal opinion why you should worry about a crypto bubble
1st. Crypto currency requires a lot of electricity. And Energy Markets are very volatile right now due to scarcity. That's why Oil stock has soared recently
If The price of energy doubles or triples or more. Mining Becomes extremely hard to do. And would be very unprofitable. Big Farms rely on Cheap energy Prices to turn a profit. This could leave many mining Farms bankrupt.
If there is no mining... The crypto markets cannot function.
That's the only big Problem I see with crypto moving forward. Who is to say bitcoin cant drop to 1000 dollars and stay that way for years and years.
1st. Crypto currency requires a lot of electricity. And Energy Markets are very volatile right now due to scarcity. That's why Oil stock has soared recently
If The price of energy doubles or triples or more. Mining Becomes extremely hard to do. And would be very unprofitable. Big Farms rely on Cheap energy Prices to turn a profit. This could leave many mining Farms bankrupt.
If there is no mining... The crypto markets cannot function.
That's the only big Problem I see with crypto moving forward. Who is to say bitcoin cant drop to 1000 dollars and stay that way for years and years.
