Sharp decline in bitcoin leads to doubt over cryptocurrency

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The price of cryptocurrencies took a dive recently, with bitcoin leading the declines. Its value dropped below $30,000 earlier this week after surging to $63,000 in April. CBS MoneyWatch senior reporter Stephen Gandel joined CBSN to discuss the future of digital money.

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Comments

Varun says:

Media only knows sensationalism and fear mongering these days

Ggjj Ghj says:

I'm buying the dip …. ya can sit there and hope it crashes ..

Avg Jay Evry Day says:

Bitcoin to the moon. US dollar is slowly dying

Avg Jay Evry Day says:

I have doubt over the US dollar due to the HYPER inflation that the Biden administration is insuing

Gian Marco Soldo says:

yeah, money is whatever we agree it is worth. So if the bodega guy accepts it as payment it is money.

Sea Ghost says:

The media and the whales want the price to drop so they can get in cheaper. They want us to get rid of our coins so they can have them. Don't let them scare you.

Googlebanmetoomuch 2 says:

Just got slammed again…

frutbum p says:

Historically Bitcoin ALWAYS recovers, for the umpteenth time.

jeffrey exposito says:

Bitcoin declared dead for the 400th time yet it is the best performing asset since it was invented. Lol.

Swapster .com says:

the mainstream is sickening. Ugh…..

jimmyvegas1000 says:

Bit coin is the worst idea ever created😲

Carter Carrillo says:

Many people are seeking for stability in is unstable crpto space and A lot of people are wondering if now is a good time to buy because of where the price is at right now. I'd say it's outrightly wrong to just sit back hodl and wait maybe incur some losses along the line, that's a wrong mindset for an investor because as an investor finding ways to always increase and stack up more coins thereby making prof!ts should be the way of lifeThat being said, the market is still all about BTC at the moment and I’ll advise current investors and newbies to take advantage of the, Dr. Bernard Theo's program, an establishment that handles people who lack understanding on how maneuver the crypto space, to help them recover L0SS from the crash and also accumulate more positive returns, with their program i went from having 1.4btc to 9btc in just 9 weeks. Dr. Bernard can be reached on ᴛᴇʟᴇɢʀᴀᴍ ( MrBernardTheo ) or maiI Bernardxtrades@hotmaiICOM

Cashmoney Rye says:

ITS JUST A SALE DONT WORRY

Gerry Joe says:

Dogecoin is the future investing in it now is the wisest thing to do now

Mario Castro says:

Such a huge waist of electricity! Makes every one else pay higher prices!

James Soppe says:

@elonmusk did not say it was overpriced. He said it was bad for the environment. You guys lie. ….BUYING MORE…Research everything they said. Fed reserve said yesterday they are researching a CBDC and letter will be released this summer. ALL FUD…ITS HERE TO STAY. FEDS BUYING THE DIP…WATCH…..HE CALLED BITCOIN A CURRENCY…BECAUSE IT IS AND SO ARE THE ALTCOINS. DONT GET LEFT BEHIND

Luke Gilson says:

Please keep pushing out this kind of content and i'll keep buying the dips. thanks.

John Ibrahim says:

FOR WE’RE MORE PEOPLE LIKE REEDSTOPPER ON TELEGRAM!!! I WILL NEVER FORGET YOU SIR

Radical leftist says:

Make sure the poor stay poor.. " DO NOT SALE "!!

Richard Thomas says:

Bitcoin = SCAM

Richard Thomas says:

Well why wouldn't an imaginary currency FAIL ?

good guy says:

nice fud lol nobody doubting btc just whales manipulating the longs and shorts. i already have my buy limits ready to buy the dips.

Wale Star says:

YOUR SUPPORT AND ENCOURAGEMENT HAVE ALWAYS BEEN THE DRIVING FACTOR IN MY LIFE .THANKS YOU SO MUCH REEDSTOPPER ON TELEGRAM

Matty G says:

Whales cause the volatility
It’s still on track to hit EOY targets

David Ellis says:

I hope it keeps plunging & all the threads of trolls & bots 🙄 lose , Bigly ! 😆

Official Katty Zelaya says:

I STILL IMAGINE WHY IT TOOK ME LONG TO COME ACROSS REEDSTOPPER ON TELEGRAM THIS GUY IS SUPERB

Official Katty Zelaya says:

I STILL IMAGINE WHY IT TOOK ME LONG TO COME ACROSS REEDSTOPPER ON TELEGRAM THIS GUY IS SUPERB

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