Quote:
Originally Posted by NuclearFart
This is what I dont understand about the recent sudden devaluation in response to proposed attempts at government regulation. The main reason why bitcoin has any inherent value is because of its imperviousness to regulation, so why is this commodity realistically under threat?
Either I am missing something (certainly possible), or the vast majority of investors don't understand the very commodity they are investing in. If its the latter, then everyone who believes in cryptocurrencies should be considering doubling down right now before the market comes back to its senses.
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I think the devaluation has more to do with manipulation caused by the coming option calls than the SK/China news.