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I am not at all surprise bitcoin is going down.
The stock market crash we are seeing if quite unprecedented and probably will be talk about in history books.
People are getting margin called left and right. In a situation like this speculative asset are the first to go. Even gold is dropping. The speed with which bitcoin is crashing is just reflective of how speculative it is to begin with.
You are using it in a HODL till appreciate mentality. If you don’t intend for btc to increase in value. You would of just converted the amount you need trade and convert back to fiat. I have dont that many times and I have no lost any money by actually using bitcoin.
My point being people have made loads of money when bitcoin does it massive swing up and massive swing down. Those that consistent lose money with bitcoin are the one that hold hold hold and never let go.
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