Give me a good reason BTC isn't about to repeat history...
>>2212280
It's not going to bottom-out until the end of August.
captcha confims
>>2212368
haha, wow
>>2212280
There's no news.
>>2212280
Mt. Gox isnt about to crash and steal everybodys money.
2013 was not a bubble burst, it was literally flat out robbery and thats it.
>>2212280
there's too much institutional and mainstream involvement now. Any move downward is going to be quickly bought up by the whales.
Bitcoin will not stay under 2k. 2000-2100 is the new norm
>>2212368
gooogle knows
>>2212280
Because the huge Japanese Conglomerate GMO (genetically modified organism) is going to launch their 0 fee trading platform on May 31'st. And it will actually be a good one (not gox) and normie Japanese salary man man's are going to take advantage of the 0 fee trading to speculate.
>>2212280
It is about to repeat history.
Pic related.
>>2212451
What happens if/when a Chinese exchange pulls a Mt Gox?
>>2212525
Haven't they already been audited up the ass like 10 times a day by the PBOC?
>>2212280
btc has much more exposure in the media now than it did in 2014, more people are generally considering it, a HUGE amount more people are trading it
The last crash was caused by a huge hacking event which caused huge distrust in bitcoins. This current crash was simply a technical one caused by too much new money (normies watching the news) which spiked the price to unsustainable levels and the second there was a bit of selling, every normie who bought at ATH got scared and hit the bid to get out. Not enough buy orders coming in to fill all the normies panic selling. Bitcoin will recover and continue trending upwards but at nowhere near the speed it has been because all the normies just lost 30%+ and will be afraid to reinvest