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Things went very wrong, very quickly for bitcoin after the cryptocurrency hit its all-time high of 20,000. Bitcoin is up and down all the time, so yeah Its inevitable. I personally dont think it will go below 500 ever again, unless in some tragic event which harms or kills the bitcoin network. That is a sell order that pulls the value. If more and more people use their coins to buy things, the result is that the price.
Now and then there are important and positive announcements, game-changers, which temporarily push the value. When the price of, bitcoin goes down, and you watch all of your cryptocurrency holdings lose their value, its hard to remain calm. When the market gets bloody, you might even be wondering.
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