Originally <a href='https://www.sportsbookreview.com/forum/showthread.php?p=30426638'>posted</a> on 07/20/2021:
The one thing that stands out to be about this crypto, especially BTC - is that apparently scarcity doesn't equal higher value.
All I see, read, hear about, is this country and that country cracking down on miners. Always an article about some huge mining farm getting shut-down by a government somewhere in the world.
Along with articles or people always stating that a majority(I think I've seen reports as high as 90%) of all bitcoins in existence are owned by like 1000 people.
And yet, the price has kept dropping since it's all time high.
The one thing that stands out to be about this crypto, especially BTC - is that apparently scarcity doesn't equal higher value.
All I see, read, hear about, is this country and that country cracking down on miners. Always an article about some huge mining farm getting shut-down by a government somewhere in the world.
Along with articles or people always stating that a majority(I think I've seen reports as high as 90%) of all bitcoins in existence are owned by like 1000 people.
And yet, the price has kept dropping since it's all time high.