Quote:
Originally Posted by Regulus
They were supposed to vault higher in this environment, or did I miss something?
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It is strange. It think it's triggered by a knee-jerk reaction of larger ('whale') traders which in turn causes general panic selling.
There's still a great deal of ignorance around cryptocurrencies too. Most people don't understand what they are, nor do they realise that they're decentralised and operate entirely independently of any government control. Stability will only come with mass-adoption and the acceptance that cryptocurrencies are unstoppable.
Still, price crashes like these are good for Bitcoin in the long term. Whenever this happens it brings new investors who were waiting for an opportunity to buy at the 'bottom'.
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Mark
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2002 FE S8 Ebony Black Pearl
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Cars Owned:
The Tesla Era: 2020 Model S Performance Ludicrous+ (present)
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The Citroen Era: '84 BX 1.6 RS --> '89 BX 1.9 DTR Turbo --> '94 XM 2.0L Turbo --> '96 XM 2.0L Turbo Exclusive --> '00 Xantia Activa 2.0L Turbo
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