Bitcoin now at 32600. Why is it going down so much ?

With this global lockdown, many have lost their jobs, but people still have reserves in bitcoins. Apparently, everyone began to sell bitcoin faster in order to buy let's say bread and water in normal offline stores. I am sure that Bitcoin will continue to fall until it costs $0.00000001
 
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It is going down because the whales love to make money just like you, me & everyone likes to make money.
The whales make money by manipulation of the prices.
 
It's because there have been new regulations in china recently
 
I'm sick and tired of this bearish sh*t. People here saying bitcoin will go to 0.0001 cuz they don't have any money on it, lol.
 
Very calm at this time, hurry to buy and calm to sell.
 
There's a lot of people that to business with BTC. People saying that it will be worthless don't know what they're talking about. Please educate yourself.
 
Dark Sky said:
Dollar is worthless though and that goes up,

guess what happens if you save $1000 for a year? Well you don't have $1000 no more. Who on this planet would want dollars that's guaranteed to devalue
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The dollar is not going up with the rate of inflation.
 
TheSecond said:
the dollar has value because it's the dominant currency in international trade and countries hold it as a reverse currency, it's going down because the fed was out of control during covid and they printed trillions not because it's worthless. don't confuse the two.


I typed the exact thing before I saw you're comment. the dollar hasn't collapsed yet because the US is exporting its inflation and importing goods instead but that won't last much since more countries are starting to drop the dollar.

https://news.bitcoin.com/de-dollarization-russia-removing-all-us-dollar-600-billion-national-wealth-fund/


Hitler managed to do it : )
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I think you took the word worthless that I said quite literally, but to clarify, I was stating how it's becoming worthless the longer you hold onto it. Therefor, why would anyone want dollars? Even billionaires don't want dollars. They want assets.

And I wouldn't be mentioning hitler when trying to find a solution for a global crisis ;D
 
I Buy few fraction of it in every 10 % down
 
Greenidge Generation, a New York based crypto-mining company can mine bitcoin for around $2,869 each, and they are expanding.
 
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