Bitcoin is TANKING!!! Since it's all-time high back in November of almost 20k, it's starting to look like most people who invested should have cashed out back in November, and waited for the next crash to buy back in for a better profit. Several countries are trying to ban the use of cryptocurrency, and it is having a large effect on this most recent crash.
The volatile digital asset fell as low as $7,695.10 on Friday according to CoinDesk, marking the first time it has fallen below the $8,000 level since November 24.
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Indian Finance Minister Arun Jaitley warned against the use of cryptocurrencies for illegal activities and that they would put an end to those activities by all means necessary. Reports are saying that this most recent drop has shaved off $115 billion dollars off the cryptomarket. Will Bitcoin be able to make a recovery??
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The way in which some governments are treating bitcoin , it has left many investors with mixed feelings . 2 weeks ago south Korea announced plans to regulate the cryptocurrency trade , it resulted to bitcoin taking a dive . What will happen when other countries with strong economy take a similar decision .
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Possibly when the war starts people will begin using Bitcoin more
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It could go in a few directions. It really depends on public opinion and political maneuvering. The banking elite have generations of experience manipulating government internationally, while cryptos are fairly new to the game.
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If it keeps tanking, I wonder if that guy who made that ridiculous bet will still keep his promise...I feel bad for his manhood.
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A guy bet his manhood on bitcoin?! Oh my...
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ups and downs and turns
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The Imperial Regent realized it will hit all time low and suggested people put their money into something else will this rides out
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