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bitcoin is starting to show its real face. just a pump and dump fueled by fomo?

Post halving in a couple months hashrate is probably going to decrease significantly, which will set the trend for the following halvings and it is no longer defensible for bitcoin to have a trillion dollar market cap it seems. The people who "invest" now have no idea about this and those who do are going to sell soon :)

You think people are investing in btc as a function of its hash rate?

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Yes. The most decentralized computer network in the world getting even stronger. Um yes please. More unstoppable

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