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Why is Bitcoin Dropping?

For the reason Crypto currency is vary high-risk to place money on.


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Today (so far) Bitcoin has lost 14.21% its down 25.26%

 
I believe I know why: The financial markets are in a panic right now. The markets are in a panic primarily in that they are over-bought and there is a predicted possible 25% to 50% chance of recession in the next 6 months --that is why. Investors are shared-shit.

The ^VIX is at 47.74 (delayed) is was ~54 pre-market NYSE/NASDAQ it was under 13 last week. During the Pandemic crash May, 2020 the VIX was similar. The ^VIX is seen as the *fear index* of the markets
We are is scared-shit territory ...
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BTC Has recovered a bit money in in flight or Money in Motion
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....
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Can you count on the cash hidden under your mattress or some deposit certificate from a Bank or Commodity storage?

Most likely this will pass --it always has. However, this really hurts consumer confidence and other spending that is not really necessary for most people.
 
This is market cycles. When you are in position whatever the direction, time is getting too long.
In reality Bitcoin is not dropping, he's living haha
 
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