Uhh guys why is this dumping

uhh guys why is this dumping

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Because you buy the rumor and SELL the news

merge just happened and the market is reacting

can't mine it anymore. It's practically useless now

This. Pack it up boys. The rug is being pulled.

because proof of sake doesn't work.

Mining is literally what gave it value.
Energy is what backs PoW coins... jack-shit is what backs PoS.

>you buy the insider knowledge and sell the insider knowledge
fixed

kids whom cannot use simple charting tools here: ultrasound.money/ are "selling the news"

buy the rumour, sell the news
always inverse Any Forums

its literally that easy

If you do the math, you find that money spent on mining divided by coins minted = bitcoin price. And that has held true since its inception. Bubble are speculative but it always reverts to the mean.

> Zoomer moonboy retards ACTUALLY thought it would pump after PoS

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HAHAHAHA FUUUUCK YEAH DUMP MOAR MY GOD HAHAHAHAHA

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fundamentals are broken
wefferium trannies gongo pic related soon

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cope

because it's a shitcoin. Buy BTC

WHY IS IT RUGGING?!?!?! EE @@!r

i just bought so it will probably dump more now

Merge failed due to failty Chainlink oracle, it's over.

Because the whole market is dumping, blame the fed for that.
People were always able to create ETH by staking, That's not new. So by your logic ETH was always worthless, which is verifiably false.

If anything, the miners were making ETH cost less because the miners were selling the ETH while the stakers weren't.

The only difference is that the issuance by staking is much lower, and that there is going to be no new ETH coming in the supply. That's it.

Buy the rumor, sell the news
Combined with the fact that the US stock market is also dumping

It's pumping downwards.