02-25-2021, 06:06 AM
It was not Yellen and it has nothing to do with Elon Musk!
<!-- SC_OFF --><div class="md"><p>This crash started because a mining pool (F2 Pool) sold a huge amount of bitcoins (3633) and leveraged x100 along the selloff to maximise the gains wth more sell pressure. That´s it, that is the reason. Normally you would sell these amounts OTC. But they knew they would crash the market with that amount and shorted along.</p> <p>Stop sweeping it under the carpet.</p> <p>This and the constant delay of EIP-1559 due to miners voting against it for YEARS, so ETH fees won´t get reduced should show you, that we should start switching to blockchain technology without mining. There are enough better alternatives doing the same thing and are as decentralised or even more.</p> <p>Greedy miners could kill the blockchain tech. Change my mind.</p> <p>​</p> <p>Edit: Clarification from blablablablabla78 in the comments:</p> <p>just a quick addition, it's not f2pool (they are a mining pool that pools mining participants together) itself that is selling bitcoin, rather f2pool linked mining participants that band together similar like /wallstreetbets to maximise their impact.</p> <p>​</p> <p>Thanks. I did not knew it.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/grylnor"> /u/grylnor </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lr6kgd/it_was_not_yellen_and_it_has_nothing_to_do_with/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lr6kgd/it_was_not_yellen_and_it_has_nothing_to_do_with/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>This crash started because a mining pool (F2 Pool) sold a huge amount of bitcoins (3633) and leveraged x100 along the selloff to maximise the gains wth more sell pressure. That´s it, that is the reason. Normally you would sell these amounts OTC. But they knew they would crash the market with that amount and shorted along.</p> <p>Stop sweeping it under the carpet.</p> <p>This and the constant delay of EIP-1559 due to miners voting against it for YEARS, so ETH fees won´t get reduced should show you, that we should start switching to blockchain technology without mining. There are enough better alternatives doing the same thing and are as decentralised or even more.</p> <p>Greedy miners could kill the blockchain tech. Change my mind.</p> <p>​</p> <p>Edit: Clarification from blablablablabla78 in the comments:</p> <p>just a quick addition, it's not f2pool (they are a mining pool that pools mining participants together) itself that is selling bitcoin, rather f2pool linked mining participants that band together similar like /wallstreetbets to maximise their impact.</p> <p>​</p> <p>Thanks. I did not knew it.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/grylnor"> /u/grylnor </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lr6kgd/it_was_not_yellen_and_it_has_nothing_to_do_with/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lr6kgd/it_was_not_yellen_and_it_has_nothing_to_do_with/">[comments]</a></span>Kind Regards R