I might have realized what is different this time and how individual commodity prices are rigged:
Large institutions such as hedge funds may buy or sell Bitcoin at an arbitrage, according to its futures contract prices that are rigged by the unlimited ability of sovereign money creation by players that are backed by central banks.
Was the odd 1 out of 7 the previous low in volatility?
Did it happen after the inception of the Bitcoin future contracts?
Also, now, when USDT is finally starting to be exposed as worse fractional reserve banking than the precious metals cartel complains about, more people will realize what was the main drive in the 2017 rally.
And fundamentally, Bitcoin is bad.
I saw your recent thread about how cheap you present it to be, but this is not what I read from a real person that wanted to rescue some digital reserves into USD.
Such fees make it bad for transfers of value and for store of value.
I loved its concept initially, but its POW is something that should not be bared.
I am not against POW in general, I am only against POW for the mere sake of security.
Other systems found a way to employ POW for good causes as a necessary "side effect" of the POW for security.
This waste is Satoshi's worst decision that I currently know about.
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