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Pretty interesting how the day that it become legal tender in a country, the price goes down by 10%. The more conspiracy minded would say that this was done on
by jdhn 5y ago
Pretty interesting how the day that it become legal tender in a country, the price goes down by 10%. The more conspiracy minded would say that this was done on purpose to convince people not to use it.
- ethbr0 5y agoIt loses (or gains) 10%+ every few weeks. No conspiracy needed. Other than, you know, regular and systemic market manipulation by large holders of trading capital... the sort of thing the SEC prevents.
- celticninja 5y agoBuy the rumours, sell the news. It was bought up in anticipation of this news. Then sold off, once someone starts selling enough to move the price down a few thousand, others pile in and drive it further down. Then those that sold at the beginning buy back their coins, with a nice profit.
- WalterSear 5y agoIt was done to cream leveraged punters who thought it would be a sure thing.