Why did bitcoin fall so much?

[godzera22]

Could anyone explain to me why it's due to the drastic drop in the btc these weeks?

[[MPGH]Dave84311]

everyone realized it was China Gold @Wyo @arunforce

[Bernard]

Biggest headlines are Tesla saying they will no longer be accepting bitcoin as a payment method citing environmental concerns. Then China said they will crack down on bitcoin mining and trading activities. People start bailing.

[Dab]

[Scotlands]

Elon and China is the biggest reason.

You don't need to panic, we'll be patient

[Luminary]

Elon, China news, Calls for strict U.S regulations, panic selling, etc.

[aryanxxx19]

china elon elon twitter

[Confluency]

Calls for strict U.S regulations,

Reality is that while it sucks that Crypto is going to be more heavily regulated, it helps further legitimize crypto.

[[MPGH]Hugo Boss]

What goes up, must come down, it’s only a matter of time.

Don’t worry though. It’s proven that it will go back up eventually, at least in the past...

[[MPGH]Mayion]

They heard I pulled out my funds. They say I have a good pull-out game

[citydrifter]

CCP and Biden Elon? are working hand in hand(with the actions that unfolded just in that perfect time, it couldn't get any more obvious), rumor is they want someone out of the market possibly Justin Sun he looks like he's very active on twitter. I don't like to brag about predictions, but the flash crashes were highly anticipated for me. As always, DYOR!

In layman's terms this is what they are doing(as of this moment):

1.Sell
2.Organize some things to make people panic and sell like tweet about it make something up to cause everyone else to panic sell get some popular media/news to publish some bs story that is easy to believe and appealing to the eye.
3.Buy the dip that they created.


4.Repeat x amount of times?

[dimu001]

it is always like this , but I think this will stable eventually

[Silent]

because its a volatile piece of shit

[`Jess]

It's predictable. Like the usual.

[Scotlands]

Said June will also get better, Mr. Justin Sun