The general reasons for the fall of BTC

napolyon in #hive-173575 • 3 years ago

Bitcoin's fall is a result, not a cause. We can say that risk factor, interest rates and high inflation are the leading causes of BTC drop.

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After the Luna and UST crisis, the loss of confidence in cryptocurrencies and the constant downward trend of BTC with the EU Central bank rhetoric makes the investor uneasy.

Do you think the worst days are over?

#leofinance #cent #hive-engine #news #crypto #btc #vyb #pob #neoxian

3 years ago in #hive-173575 by napolyon

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barski 3 years ago

As far as I remember, bitcoin started falling before the LUNA coin collapsed, and these two points can be connected with a big stretch.

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andy-vibes 3 years ago

Crypto is PIMPED but always a very risky investment !PIMP

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1 vote

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thepimpdistrict 3 years ago

^{You must be killin' it out here!}
^{@andy-vibes just slapped you with 1.000 PIMP, @napolyon.}
^{You earned 1.000 PIMP for the strong hand.}
^{They're getting a workout and slapped 1/3 possible people today.}

pimp_logo

^{Read about some PIMP Shit or Look for the PIMP District}

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rzc24-nftbbg 3 years ago

Bears have to break first that 61.8% Fibo retracement at 28,189. The support line is still strong. However, in case such a breakdown will happen, many will be waiting at 17,145, BTC's 78.6% Fibo retracement.

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alt-runner 3 years ago

the price might go down again. Luna and ust have really brought down the confidence in crypto.

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andy-vibes 3 years ago

Very true !PIMP

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1 vote

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thepimpdistrict 3 years ago

^{You must be killin' it out here!}
^{@andy-vibes just slapped you with 5.000 PIMP, @alt-runner.}
^{You earned 5.000 PIMP for the strong hand.}
^{They're getting a workout and slapped 2/3 possible people today.}

pimp_logo

^{Read about some PIMP Shit or Look for the PIMP District}

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hivebuzz 3 years ago

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