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Anonymous
why did Bitcoin drop by 15 percent in just 1 hour? why the news media cannot explain the reason?
1 Answer
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- ?Lv 71 week ago
Because there is no basis for its value. It's not made of precious metal. There's no government demanding that everyone accept it as money. It's not even ownership of real property like stocks. The price is determined ENTIRELY by how much people are willing to pay for it, and eventually you run out of people willing to buy it.
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