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Power 3 points ago +3 / -0

I can't understand how so much value is being lost... there isn't that many paper handed investors in bitcoin....

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CaptainButthurt [S] 3 points ago +3 / -0

It will go back up even greater than before. It always does. Sometimes takes a while but usually just a few days. Maybe a little longer this time but it will still go back up in the long run.

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Redneckathon 2 points ago +2 / -0

This is DeFiNiTeLy tHe EnD of crypto - lol. Especially ETH which is only up 1545% in the past year...

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TopHat213 1 point ago +1 / -0

There have been a growing number of people sell out their BTC specifically due to some unfolding drama, surely that may play a role. It definitely comes as a surprise after being told by everyone how it will never go back down and how it will only ever gain value over time.

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bangbus 1 point ago +1 / -0

I’m not in crypto but when my buddy who dabbles in it and has made money told me Bitcoin crossed a trillion dollars of market cap last week I damned near chorted beer out my nose. You could own a lot of really top tier companies with a trillion dollars. If I had a trillion bucks I’d much rather own Exxon, Goldman and JPMorgan outright (less than a trillion aggregate market cap) than own all the bitcoin in circulation.

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DredgeReport 1 point ago +1 / -0

Of course. They have all the institutional framework and infrastructure. That's pure power. With BTC you'd have to convert it. You wouldn't be alive long enough to convert a trillion dollars worth of BTC