DID YOU EVER HEARD ABOUT F2POOL? They may be the ones who triggered recent BITCOIN CRASH
INTRODUCTION
This is going to be one of the shortest posts I've published so far. In the light of the recent Bitcoin crash, I've been trying to learn what caused this rapid downturn in the first place. And I've come across an interesting explanation, which would point out towards F2POOL as the main trigger for the recent bloodbath on the crypto-market.
Today I would like to share with you all some info about this particular company. And I've been wondering how many of you ever heard about them.
F2POLL
What is F2POLL? According to google:
F2Pool is a geographically distributed mining pool, helping miners all over the globe secure Bitcoin and 40+ proof-of-work networks since 2013. As one of the oldest mining pools, we're busy decentralizing our team and infrastructure. Website https://www.f2pool.com.
In other words - f2pool is one of the largest (if not already biggest out of all) bitcoin miners out there. What they do is important, since miners are the core of the existence of the blockchain network. And as they are mining BTC, they need to sell some of it every now and then to cover their expenses (which usually need to be paid in FIAT).
F2POOL and BTC CRASH ....
The other day I bumped into this informative video. I would only suggest watching the initial few minutes to all those who are interested in the "REAL" reason for the recent bitcoin crash.
Personally, I couldn't find much information about this subject and not many people seem to be even aware of f2pool existence.
Based on my analysis of the current market situation, the recent dump shouldn't last long since it has been mainly caused by one large player. Once this extra supply will finish flooding the market and meet with demand - I would expect further BTC growth.
I wonder how many of you would agree with my judgment. Perhaps I'm wrong and some of you could point out where and why am I looking at things from the wrong angle.
SHARE YOUR FEEDBACK
As always - I will appreciate every resteem and valuable comment. Please, let me know if you've ever heard about f2pool and if you consider the reasoning in this shared video to be valid? I read all comments,
Yours, @crypto.piotr
@project.hope founder
check out our community: https://steemit.com/trending/hive-175254
Thank you for the information @crypto.piotr. I was unaware of this.
hi @gungho
I've tried to add you on discord and send you a message. Can you accept my friend request?
Cheers, Piotr
Hello @crypto.piotr friend, I already knew about the existence of BTC mining in bulk (large volumes), but did not know about the existence of F2POLL.
In any case, I think this could be a cause, as it could also be the result of the entry of new investors, I think
Yeah a part of the reason could be f2pool. Doubt there's just one single reason though. Bitcoin's due for a breather before marching higher, hopefully.
There may be many reasons behind price drop @numpypython, however pointing out at one major trigger make sense (in my opinion)
Agreed, @crypto.piotr. It is probably one of the major reasons for the drop.
I have not hear about f2pool before, this is my first time but with the explanation in the video, I think is very possible that the downward movement of Bitcoin price is as a result of f2pool action. Anyway I can't be sure of that but the video is very convincing.
Hi @crypto.piotr
The reasons behind the BTC price drop seem to be many, but there is always one that has more weight than another. No doubt that miners, and more a group of miners like these (F2POOL)that are of such weight can make the crypto market move where they want. However, the price had risen a lot in a short time, every market needs some correction, and that is also a reality that could have affected.
yeah they liquified $1.8B and i think that day a total of 5-6B were liquified!
This is my first time if hearing about F2poll. I don't know if they are actually the cause but I believe the drop in BTC price is not that bad cause it helps to create balance in the system.
thanks for dropping by buddy
ps. I added you on discord :) accept my invitation
All right friend, will check it out.
Hello @cripto.piotr
I had not heard of f2pool and in a way, I agree with what George Tung says in the video, this upload is the product of a group and will happen the same as it happened in January.
Best regards.
That post indeed in informative, I was unaware of the fc group. now the conditions are running to stable .
Resteeming the post, good luck :)
Dear Sweet-spoken @crypto.piotr,
While Bitcoin's currency market is volatile today, its good days are yet to come. If it is stretched, the people who work hard all over the world will suffer more. Thank you for the thought.
Your
@mrnazrul
@Bangladesh
Thanks again for checking out my post about f2pool. Have a look at my recent comment to one of the guys: https://steemit.com/hive-175254/@crypto.piotr/qp4pwe
Okay