RATE Group | Dirty secret revealed in new cryptocurrency crash
50062
post-template-default,single,single-post,postid-50062,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Dirty secret revealed in new cryptocurrency crash

23 Nov Dirty secret revealed in new cryptocurrency crash

Posted at 03:53h in Cryptocurrency News by

[ad_1]

Bitcoin’s latest huge crash contains a pattern that could reveal a horrible secret about manipulation of the cryptocurrency.

In the last week Bitcoin has lost 30 per cent of its value, again. Bitcoin FOMO is over. The digital currency, which earlier this month notched up a year of underperformance, has entered an ugly new phase.

If you bought Bitcoin a year ago (at around US$8,000), and held on ever since, you have lost around 46 per cent of your money. This next graph, from Coinbase, shows Bitcoin’s performance over the past year — terribly exciting at first, then just terrible.

Bitcoin’s price was crazy volatile a year ago. It surged to a huge peak just before Christmas 2017 and then spiralled uncontrollably down to hit a low by February.

But in recent months, Bitcoin has looked quiet. Too quiet …

A period of very suspicious stability fell upon cryptocurrency markets in September. In September, October and November, as global markets roared and wept, Bitcoin showed about as…

[ad_2]

Source link

Tags:
, , , ,