Bitcoin Crash AGAIN

[Miyamoto]

These Bitcoin crash make me VERY angry.

I log in to check my crypto and it crash EVERYTHING.

In bitcoin price plummet, ETF flows are down but aren't signaling 'crypto winter' investor panic

As the price of bitcoin and other cryptocurrencies has crashed, exchange-traded funds have seen outflows, but ETF selling doesn't look like investor panic.

www.cnbc.com

 

[1974Mustang]

Given all of the world events going on right now, I thought it would've skyrocketed by now.

 

[Nargil]

Given all of the world events going on right now, I thought it would've skyrocketed by now.

Yep and this is exactly the problem. It was built to thrive in exactly this kind of environment, but alas, it has become too institutionalized and stonky and this is the result.

Also, fuck Saylor.

 

[Preying Mantis]

Yep and this is exactly the problem. It was built to thrive in exactly this kind of environment, but alas, it has become too institutionalized and stonky and this is the result.

Also, fuck Saylor.

100% bro that it was built for this kind of environment.

With all the shit banks and government overreach trying to regulate it then it’s no wonder it keeps crashing.

 

[t2van]

Given all of the world events going on right now, I thought it would've skyrocketed by now.

Yep and this is exactly the problem. It was built to thrive in exactly this kind of environment, but alas, it has become too institutionalized and stonky and this is the result.

Also, fuck Saylor.

100% bro that it was built for this kind of environment.

With all the shit banks and government overreach trying to regulate it then it’s no wonder it keeps crashing.

While true it wasn't supposed to be used like this the problem is there is money to be made.

So hedge funds and people with more money than me are going to look to gain.

With that like everything else the knock on effect comes in where by everything is effected by everything else.

I think the price has been inflated a bit due to high level investments and bets on the market and the crash I think is a direct result of some bets not paying off so people are trying to cash out to limit the risk.

THEN you combine that with "normals" who can't stand or have the sense to sit and ride out any highs and lows because they don't understand that until you cash out you not really lost tend to jump on the bandwagon. However I don't think its that.

I think its bad bets and investments coming around to bite hedge funds in the ass and then panic comes in.

 

[Champagne]

What goes up must come down eventually. I’m not surprised it dropped, but I’m sure it will go up again.

 

[Steve]

Do people just not HODL anymore??