You would think with all the energy it wastes it would be almost instantaneous. "Bitcoin, the world's largest cryptocurrency, currently consumes an estimated 150 terawatt-hours of electricity annually — more than the entire country of Argentina, population 45 million"
For those who profitted massively from trading btc, congrats to you. For those who lost massively from btc investment, sorry there is no sympathy. But do learn how to trade. And learn how to read charts
That's not considered trading. That's, rather, merely joining the gambling riot march party, who are all drunk and brainwashed by the same kool-aid propaganda message. Before it abruptly ends by the Police force with cannister sprays. If someone wins big at a casino...would you refer to that person as a professional gambler/trader? Or someone who is just randomly lucky by being in the right place, right time? That bitcoin rally....was no different...than a BLM march rally.
Looks like a run on the bank. Except that there is no bank for crypto as it is just pure air. Are crypto transactions not executed instantaneously? My Western Union works instantaneously. As well as almost all my transactions by wire transfers. And the value of my bank account/fiat currency does not drop 10-20% within a very short time.