Bitcoin is crashing - 30% of its value has been lost this week

[WYP]

Bitcoin has lost 60% of its value since November 2021.



Read more about Crypto's value decreasing.

 

[dazbobaby]

In any other currency market, the only way to devalue a currency like this is to dump large quantities of said currency.


So who's dumping thousands of bitcoins and why?

 

[Anon]

No it's not, there are plenty of reasons why value of a currency go down.

 

[Damien c]

This is what happens when countries ban the use of it and obtaining it.

It also doesn't help when you have the likes of Elon Musk basically making it seem like Bitcoin is evil, because it uses a high amount of Elecricity to not only mine but complete transactions etc that is iirc it's hard to remember since he flip flops so much on Crypto.

It can keep dropping and when it drops enough I will buy some of it, because it will go back up in value it's just going to take a while I reckon.

 

[ImprovizoR]

As far as I'm concerned, crypto currencies can go penetrate themselves with a male reproductive organ.