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
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
HAHAHAHA FUUUUCK YEAH DUMP MOAR MY GOD HAHAHAHAHA
fundamentals are broken
wefferium trannies gongo pic related soon
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.