Bitcoin has recorded its largest monthly loss since June 2022, pushing it into a bear market as the euphoria over cryptocurrencies after Donald Trump’s election win faded.
The price of bitcoin fell by 17.5% in February, the biggest monthly drop since June 2022, and its eleventh worst month in the last decade, as risk-off sentiment gripped financial markets.
The world’s largest crypto asset ended February at about $84,252 (£67,010), having hit a three-month low of about $78,273 during trading on Friday.
Bitcoin has now dropped more than 20% below the record high of $109,071 set in mid-January, which puts it into a technical bear market.
Yes you do understand them. You two are having the same exact flippant argument every single crypto evangelist and detractor have had every day for the past decade.
I do not know, since he never actually explained what his point is. Maybe, maybe not, we will never know, he just wants to say something and I move on.
“Crypto is based on nothing”
“Neither is the US dollar/fiat currency”
“It’s arbitrary. Something something Dutch tulips”
“No it has utility and people use it to pay for things something something smart contracts”
during busts
“See it’s worthless”
“No we just like the tech”
You all have your talking points, you all pretend you don’t know exactly what conversation is happening and are “just curious/asking questions,” and it just rinses and repeats over and over again.
I’m not mad at you I just don’t know why this song and dance persists.
There’s always two new people just discovering this conversation, picking a side and “researching” their way into the same talking points.
Or it’s bots.