What is Happening to Bitcoin now? - 02/20/21

i dont remember in which thread but 1 guy said it would crash 22/02.


wellllll.... its lost 10% of value today already.

if you read this whoever this is. you are my new btc prophet. profit.

OMG, this type of correction is normal. Do any of you even know where BTC comes from. It’s mined in CPU farms. Mostly Chinese. Literally where houses full of mining computers, engineers, (energy consumption) holy shit. It’s like the miners might need to sell some BTC every so often to snag profits when prices are high and to cover operating costs. Mining BTC isn’t free it costs a substantial amount of money. My guesstimate is about $20,000 a day in electricity costs for a large operation.

What's happening are the whales are participial pulling the plug.
There is still a pull back that will continue. Everyone bought into the FUMO and now has lost money, just as the whales have planned. Crypto is not what it used to be. The whales are making it like their old game the stock market but in this case there is not much supply.

Last Edited by midijeep on 02/22/2021 11:31 AM

Every BTC holder think they will be a billionaire. Do the math.

It is just as manipulated and fake as the US financial system- instead of printing usd, they mint tether to pump it up

Once sec shuts down tether btc's days are numbered. The greedy maxis want people to buy at the top promising it will be double next year

Shit has been going on for years
Btc is an outdated dino tech

Just like I said 2 days before the market correction (we will pulled back to $48k0. Now we are in a long slow hold and slow build up to the past high.

Last Edited by midijeep on 02/23/2021 10:36 AM

This cycle is ending.

Not if your the government rulers!