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27/03/18
13:45
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Originally posted by nihilism
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OT - If anyone elses charts bitcoin - starting to look nasty past few days... Tested the MA and now heading back to test the recent 7300 low IMO. If that falls it'll likely test the 6000 level which was the last support in the original capitulation.
Part of the issue is the falling support for bitcoin - Reddit just pulled out of supporting BTC payments and they were one of the original first movers.. Not to mention 2 states in the USA just put energy taxes on bitcoin miners which pretty much make it unprofitable citing the energy requirements are too large for their low population density (which is originally why they had excess cheap power to begin with.. irony).
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BTC. Yeh. I read article btc miners were wanting to set up in states like Montana and use up all the available excess power that could be generated. Seemed crazy!?
WFE.