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From what I've read this whole cryptocurrency thing looks like nothing more than smoke and mirrors to me. The only reason it goes up is because people believe it will and not because it is backed by anything tangible. I think it is just a matter of time before the cryptocurrencies have their Black Tuesday.

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On 1/30/2018 at 3:40 PM, chippa13 said:

From what I've read this whole cryptocurrency thing looks like nothing more than smoke and mirrors to me. The only reason it goes up is because people believe it will and not because it is backed by anything tangible. I think it is just a matter of time before the cryptocurrencies have their Black Tuesday.

...

The price of one bitcoin (XBT) fell 3% in early morning trading to about $5,600 before recovering a bit. At one point Friday morning, prices had plunged as low as $3,850.

....

https://www.cnn.com/2020/03/13/investing/bitcoin-price-plunge-coronavirus/index.html

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