#Altcoins
This is the pre-halving shakeout. SLs are hit, positions liquidated and a lot of liquidity grabbed.
Altcoins will pump after Halving, like it's been the case in the past cycles
10 REASONS #GOLD IS TERRIBLE FOR THE PLANET
Time to sell Gold and buy #Bitcoin.
#1 - Deforestation
Gold mining involves clearing large areas of forest to access gold deposits, leading to loss of habitats and biodiversity.
For example, deforestation in the Brazilian Amazon increased more than 90% from 2017 to 2020, reaching 101.7 km^2 annually in 2020 compared to 52.9 km^2 annually in 2017. This shows a significant increase in deforestation rates due to gold mining.
It's also been responsible for nearly 90% of total deforestation in the Guiana Shield. The process of gold mining involves the use of mercury to separate gold from soil and sediments, which contaminates the environment and reduces the forest's ability to absorb carbon, further exacerbating deforestation.
#2 - Water Pollution
The use of mercury and cyanide in gold extraction processes can contaminate water sources, affecting both aquatic life and the health of local communities.
#3 - Soil Erosion
Mining activities can cause soil erosion, leading to loss of fertile land and contributing to sedimentation in nearby water bodies.
#4 - Air Pollution
The burning of fossil fuels to power mining equipment releases greenhouse gases and other pollutants into the atmosphere, contributing to climate change and air pollution.
#5 - Acid Mine Drainage
When exposed to air and water, sulfide minerals in mine waste form sulfuric acid, this leads to acid mine drainage that contaminates waterways and damages aquatic ecosystems.
#6 - Land Subsidence
Underground mining can cause the ground to collapse, leading to land subsidence and damage to infrastructure.
#7 - Displacement of local communities
Gold mining operations can displace local communities, disrupting their livelihoods and traditional ways of life.
#8 - Conflicts over land and resources
Disputes over land ownership and resource rights can arise between mining companies, governments, and local communities, leading to social and political unrest.
#9 - Exposure to toxic substances
Mining activities can expose workers and local communities to toxic substances like mercury and cyanide, leading to health problems such as respiratory issues, skin conditions, and neurological disorders.
#10 - Greenhouse gas emissions
The gold mining industry contributes to global greenhouse gas emissions, both directly through its operations and indirectly through the use of fossil fuels in transportation and energy generation.
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