Bitcoin Collapse Explained | Cointelegraph

Alex Tapscott, Anthony Pompliano and Tone Vays explain the crypto market crash.

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Anthony Pompliano is a founder of Morgan Creek Digital Assets
Alex Tapscott is a co-founder at Blockchain Research Institute
Tone Vays is a blockchain/Bitcoin analyst & derivatives trader

#Bitcoin #Cointelegraph #CryptoCrash

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Cointelegraph covers everything Bitcoin, bringing you the latest news, prices, breakthroughs, and analysis, with emphasis on expert opinion and commentary from the digital currency community.

Bitcoin Collapse Explained | Cointelegraph

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33 COMMENTS

  1. Bitcoin is a fool's errand. And there will be a lot of people that will lose money dealing in it. Sorry, but I'm not putting my REAL money into an investment vehicle that doesn't exist in the real world. But hey….everybody's got a hobby right? I'll stick to my Money Market accounts and my annuities.

  2. Of course these digital currencies were going to crash they are not backed on anything, nor the federal reserve or gold like they used to back in the day. The whole thing is a con and be careful do rampers. If it is too good to be true you know the rest.

  3. I love that these experts are talking the language of stocks and commodities for something that has no intrinsic value. It is an investment in air which will only attract the get rich quick fools. 8:32 what a financial moron, when governments reduce money supply, the value of the currency goes up.

  4. I think sometime in the future we will be hearing about how someone put a billion dollars (The Green Ones) in their pocket with the biggest scam in history Bitcoin. If Bitcoin goes down to pennies, is there someone you can go to to sell what you have? Are you able to get out if you need to? All that green money is gonna go in someones pocket.

  5. Heres my 2 cents. A lot of people say bitcoin regularly crashes 90%. They believe its a regular cycle….but is that really so? Sure it happened multiple times but is it a cycle on clockwork and is it regular? The sun goes through cycles and there are perfectly good scientific reasons behind that. But whats the reasoning behind the bitcoin 90% crash cycle? There is none.

    Bitcoin has crashed by a mt gox hack. It tanked when China banned it. Now it crashed because the bubble burst from too much speculative buying. Also many other times however none of these are correlated events and definitely not on some sort of cycle. You can look at a chart and draw a line but its more coincidence than correlation. It has absolutely NO predictive element on when the next country might ban it or next big exchange hack causing it to drop. Most people are grasping at straws here.

    Now im not claiming to be a "bitcoin expert". Im just telling people to be weary of what they listen to. Sometimes what you hear makes perfect sense but isn't true at all.

  6. There is a single cause…forks and new coins…seeing it rise nobody wants btc at 20 k…we are all trying to step on at 10 cents so we can sell at 20k…all the BTC support evaporated into ether and other coin start ups. That's why it fell. Wait for under a buck, then by 100k of BTC. The bottom is going to be very very low.

  7. Bitcoin has no intrinsic value, backed by nothing, no government backing, purely speculative. Prices will not recover and the price will become sub $1 and never recover. All of these ‘experts’ are begging you not to sell so that they can sell theirs first.

  8. Let me point out something that seems incredibly simple to understand, yet overlooked.
    So we keep hearing about all the money pulling out right? I entered the market in Jan and with constant day trading I have lost none of my investment , BUT i have increased my buying power by a factor of ten

    Listen mental math geniuses lol, if an investment of 850 billion decreases in value by 90% and believe me if you look at any coin accept btc it has almost certainly lost 90 plus percent of it's value…..
    If an investment of 850 drops by a factor of 9 , have the people pulled their money out lololololo.
    Obviously most of the money that was there in Jan is still in the system…..
    I love this bear market , it's like taking candy from a …..a shelf !!!!!!!!!!!!

  9. So much deep analysis. How about this simple explanation: Bitcoin is useless.

    I'm not talking about what it THEORETICALLY COULD BE. Simply that up until this point the average person is still wondering what the hell to do with a Bitcoin.

  10. The last 2 months, I have made over $70,000 from trading bitcoin but my success never started that way as I had made substantial losses before my turning point in the Crypto space. I bought 2Btc last year which quickly rose in the bull run but eventually lost most of it and sold off what was left. That was the last I would ever have to do with bitcoins until I was introduced to Brandon Gaston first of, he asked to know my trade experience. He then gave me a quick insight on what to look out for when choosing a platform and a bunch of other things most experienced traders may never tell you. Most importantly, he introduced me to his specially designed layout and provided me with professional advice and accurate trade signals. With his system, trading has become easy and profitable and I just want to spread the word and thereby help as many that are in my previous unfortunate situation. For all questions, you can reach out for his help on ((( GastonBrandonn@gmail. Com )))

  11. STOP bs talk! There is specific cost to coin production made by difficulty degree, processors, and electricity costs. Because of this the entire domestic mining crashed already in July2018 and since than one by the other industrial scale mining went broke, the largest cloudminers turned out to be criminal scam and the last productive market China is just melting away, on closure since late nov 2018. So what speculative nonsense of "experts" farting endlessly wizard talk? Miner dead, Bitcoin, Ethereum, Litecoin, Dash, Monero, ZCash,etc dead! Dont you get that?

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