Fukd

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[–]chottohen 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (1 child)

But if BTC goes down even more, won't people start to buy it again to take advantage of the low price, driving the price back up? BTC has crashed before and come back.

Or is this crash a cue for government(s) to step in and put controls on crypto trading? For example, Monero is already outlawed in some countries but there are ways I'm sure. Caveat: I really don't know what I'm talking about when it comes to crypto.

[–]Rastafoo 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

All I know is, ever since Biden took office, all the exchanges are sending out tax forms to their users. Even if the price of bitcoin drops, nobody wants to put in all the effort and attention just for Biden to get the profits.