Bitcoin falls by 20% as $1 billion of crypto sold off. What caused the plunge this time?

[tower9]

And bitcoin is back by what? Zero stuff and its worst than US dollar. Its good China ban such activity and introduced their digital Yuan. At least these are back by PRC government.

Value is ascribed to by the holders. People have been saying this same shit for years, Bitcoin has been around over a decade and is at all time highs. Every time it dips, naysayers say it's the end, yet it keeps getting stronger.

 

[FairAndUnbiased]

Value is ascribed to by the holders. People have been saying this same shit for years, Bitcoin has been around over a decade and is at all time highs. Every time it dips, naysayers say it's the end, yet it keeps getting stronger.

actually for the USD the value is ascribed to by the fact that if you don't use it domestically to pay taxes you go to prison for a felony. and we all know how it's done internationally.

 

[BHAN85]

QAnon, Bitcoins, BLM... all those fake fantasy movements feed by western undercovers are going too far away.

It's time to stop those nonsenses.

 

[jupiter2007]

It is a good hedge against inflation. China is stupid for banning it. China at one point had 60% of Bitcoin activity, that's a lot of power.

sell it to me.

 

[HttpError]

Value is ascribed to by the holders. People have been saying this same shit for years, Bitcoin has been around over a decade and is at all time highs. Every time it dips, naysayers say it's the end, yet it keeps getting stronger.

Completely agree with you.

 

[Chhatrapati]

BTW what bot are you using, I heard of people using bots on Forex and traditional stocks but haven't heard much of Crypto bots. How is the accuracy rate and price?

Few of my friends are using Royal Q. It worked better.

 

[HttpError]

Few of my friends are using Royal Q. It worked better.

For Crypto? or for Forex?

 

[Chhatrapati]

For Crypto? or for Forex?

For Crypto.

 

[WinterFangs]

Another “crash”. How’s everyone’s portfolio. Mine is crying

 

[Nefarious]

Another “crash”. How’s everyone’s portfolio. Mine is crying

It is ugly. On the bright side, sweet deals if you took profits along the way up.

 

[TNT]

Another “crash”. How’s everyone’s portfolio. Mine is crying

55℅ down but i had taken out profits regularly. This crash means it may reach 80K.

 

[dBSPL]

More than 1 billion USDT assets were transferred to binance yesterday. While small investors are cleaned in a bloodbath, something is going on in the background. I'm stay in FIAT since december, and don't wanna be a hero in the battle of the elephants.


If you're already inside and huge loss, IMHO your only option is HODL and according to the weekly closing or next week, the overall purchase cost can be reduced gradually... If you're buying an asset when it's top and selling it when it's down, no chance to make a profit.

 

[dBSPL]

The number of wallet addresses in profit dropped to 69%, the lowest level in the last 20 months...

Next mission: Crashing the leveraged ratio

 

[QWECXZ]

Anyone who thinks BitCoin will drop below 20K says aye

I predicted this huge crash when I was reading about the dot com bubble and BitCoin was still above 60K. My posts are still on the forum in the Iranian section. I haven't lost 55% fortunately, I have lost like %15 - 20% so far, but it's still very painful. I'm waiting for the market to stabilize to start trading again. I think it will stabilize when it reaches below $25K or $20K or at least that's when I plan to enter again. Hopefully I won't be wrong.

 

[dBSPL]

Anyone who thinks BitCoin will drop below 20K says aye

I predicted this huge crash when I was reading about the dot com bubble and BitCoin was still above 60K. My posts are still on the forum in the Iranian section. I haven't lost 55% fortunately, I have lost like %15 - 20% so far, but it's still very painful. I'm waiting for the market to stabilize to start trading again. I think it will stabilize when it reaches below $25K or $20K or at least that's when I plan to enter again. Hopefully I won't be wrong.

How much is the global average mining cost of BTC, I think this question is one of the indicators that will show the potential of the breakdown, and where is bottom of bottom. Honestly, I'm not sure we'll be able to see the 20K band.

But We should also remember this manipulator pimp's tweet: