Why are people so surprised that Bitcoin is crashing?

JollyRock

JollyRock

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Bitcoin has crashed so many times, I don't understand why is everyone so surprised?

Is that because of the hype that was around it so everyone who invested is new?

I remember Bitcoin completely losing and re-gaining its value like 3 times at least in the last few years.
 
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That is expected because the FED raised interest rates we live in a debt based global economy.They have to sell or risk being margin called on the loans being used to buy cryptocurrencies.
 
JollyRock said:
Bitcoin has crashed so many times, I don't understand why is everyone so surprised?

Is that because of the hype that was around it so everyone who invested is new?

I remember Bitcoin completely losing and re-gaining its value like 3 times at least in the last few years.
Click to expand...
People have short memories. Bitcoin has a history of wiping out 80% of its value over market cycles. People forget quickly.
 
It would be growing back , the monster is feeding , would come back with more greenery !
 
Because everyone keeps forgetting bitcoin is volatile, all they see is money and utterly forget it's an investment that can make money or make them go broke.
 
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The last bull run introduced a lot of people to crypto and bitcoin. They invested without understanding how it works or even read the white paper. They are panicing, but will be better prepared for the next time in a few years.
 
People are calling it dooms day, It will never recover again. If they are saying it, it must be true.
 
With every bull run new people come running into the market with hopes of getting rich quick. It's obvious they'll be surprised with a reality check.
 
JollyRock said:
Bitcoin has crashed so many times, I don't understand why is everyone so surprised?

Is that because of the hype that was around it so everyone who invested is new?

I remember Bitcoin completely losing and re-gaining its value like 3 times at least in the last few years.
Click to expand...
True but those were during low inflation times.

Now, the Fed can't keep the Bubble going so riskier asset classes are feeling heat.

Next on the multi-stage crash scenario: equities, bonds, and housing

Ever since the S&L crash in the US in the 80s, the FED politicized its job and now the bubbles built on top of earlier bubbles are popping.

Blockchain is here to stay but cryptocurrency will undergo some serious changes
 
Because everything was going well, all man made nothing crashed, its for purpose
 
JollyRock said:
Bitcoin has crashed so many times, I don't understand why is everyone so surprised?

Is that because of the hype that was around it so everyone who invested is new?

I remember Bitcoin completely losing and re-gaining its value like 3 times at least in the last few years.
Click to expand...
There is thrill of investing in bitcoins. It drops fast but also rises fast. So if you can purchase on drops and sell on rise, huge profit is there.
 
This time more fear because all assets are down
 
If there's a recession announced, it will be for the first time BTC will go through it.
 
when people talk alot about bitcoin crashing i think it's good time to buy and invest =D
 
Yes, a lot of people have lost the money with crypto. But new people also join who have no past experience.
 
If we compare price from all time high, it is crashed now for sure. But it ia expected to rise again. So this is good time to invest more.
 
Nobody with a brain is surprised. Of course people expected it to crash.
 
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