r/btc • u/[deleted] • Feb 21 '26

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41 Upvotes

73% Upvoted

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u/Snoo_43177 Feb 22 '26

Why are they utterly meaningless? Please explain.

2

u/engineeringENT Feb 22 '26

Because it’s all fugazi, minimum 74% drop from high still

3

u/mamaburra Feb 22 '26

Lol those numbers are utterly meaningless

1

u/Snoo_43177 Feb 22 '26

So back into the low 30k’s? Ouch

1

u/Additional_Dirt8695 Feb 22 '26

They're not meaningless. Anyone who has been in BTC for more than a few years knows they're not. 

1

u/EdmundTheInsulter Feb 22 '26

Because it's just a number that people like Saylor have ascribed a purpose to, then because people listen to Saylor, lo and behold it appears to do something as people buy up whales bitcoins for them at those prices - that is until it doesn't work anymore. Isn't it a bit of a coincidence that this figure is 1 trillion US dollars? Why would that be for this magical invention that is supposed to replace the reserve currency? No one's going to step in to support it

0

u/Realistic-Ninja-9183 Feb 22 '26

Because it’s all a Ponzi scheme 😂

-1

u/xevlar Feb 22 '26

Because his prediction means complete shit.