The big crypto plunge over the last year

Bitcoin plunge
@pitstop (11532)
India
November 28, 2022 10:43am CST
The graph shows the steady and steep fall in bitcoin value over the last year - from November 2021 to November 2022. It peaked at about 70000$ and now is barely over 10000$! Imagine if your bank account lost 75% of its value in a year. That would be disastrous! People are still enthusiastic and optimistic about crypto though. Do you think the worst is over or is the worst yet to come?!
8 people like this
9 responses
@LadyDuck (425784)
• Switzerland
29 Nov
NOT here, people are no more optimistic about crypto. After the EU President warned people about Crypto people knew that something bad was going to happen. No, the worst is not over, this is only the beginning.
2 people like this
@pitstop (11532)
• India
29 Nov
I've spent a little time earning a little crypto here and there. Thankfully, I've never invested rea money in it n
2 people like this
@vandana7 (93842)
• India
1 Dec
@LadyDuck Wonder what Musk is doing...LOL
2 people like this
@LadyDuck (425784)
• Switzerland
1 Dec
@vandana7 This man is weird, I wonder who is manipulating him.
2 people like this
@LindaOHio (113589)
• United States
29 Nov
I don't have much faith in the crypto market.
2 people like this
@vandana7 (93842)
• India
29 Nov
Me too.
2 people like this
@pitstop (11532)
• India
30 Nov
I'm still curious about where it is heading!
2 people like this
@kaylachan (41431)
• Daytona Beach, Florida
28 Nov
I think it depends on your perspective. It's only bad if you want to believe it is, and you've invested in it like a lot.
1 person likes this
@pitstop (11532)
• India
28 Nov
I've earned a little crypto and never invested money in it.
1 person likes this
@pitstop (11532)
• India
29 Nov
@kaylachan nothing lost for me
1 person likes this
@kaylachan (41431)
• Daytona Beach, Florida
29 Nov
@pitstop Then I don't think you have anything to really lose, now do you?
1 person likes this
@JudyEv (300071)
• Rockingham, Australia
28 Nov
There was a very negative report on it last night on our news. People were unable to access their accounts for some reason.
2 people like this
@pitstop (11532)
• India
28 Nov
Was this the account of one of the major wallets or exchanges?
2 people like this
@JudyEv (300071)
• Rockingham, Australia
29 Nov
@pitstop I really don't know. I'll try to find a link. Here's what we saw on the news last night.
https://www.abc.net.au/news/2022-11-29/ftx-cryptocurrency-digital-surge-smsf-super-retirement/101708328
2 people like this
@CarolDM (200493)
• United States
28 Nov
Looks like it may be in for rough times for now anyway.
2 people like this
@pitstop (11532)
• India
28 Nov
It's been tough for a year now
2 people like this
@CarolDM (200493)
• United States
28 Nov
@pitstop So I have read.
1 person likes this
@Rimps85 (712)
• India
28 Nov
that's still a gray area to me...
2 people like this
@pitstop (11532)
• India
28 Nov
Have you invested in any crypto?
1 person likes this
@Rimps85 (712)
• India
28 Nov
@pitstop nope...I find it hard to understand the concept...
2 people like this
@vandana7 (93842)
• India
29 Nov
The worst is yet to come...an asset that cannot be used to raise loans is not an asset.
1 person likes this
@pitstop (11532)
• India
30 Nov
The steep rise in the late 2010s made people think that this was the easiest way to make money.
1 person likes this
@allknowing (111393)
• India
29 Nov
I have earned in BCH but these days I do not. Nothing much to write home about.
1 person likes this
@pitstop (11532)
• India
29 Nov
Same here. I've earned a little BCH and BTC through some small sites
1 person likes this
@porwest (62938)
• United States
31 Jan
Well, of course hindsight is always 20/20, and we now see it inching back toward $24k. I am still mostly on the fence about the future of crypto, but I have a tiny investment and so I do watch it. It will either make me incredibly rich or not...but I do not have enough invested it will make me poor. So, it is at least interesting.
1 person likes this
@porwest (62938)
• United States
2 Feb
@pitstop That is where most of mine comes from as well. I invest a little, but it's a tiny amount.
1 person likes this