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Bitcoin Crash

Redditors share their thoughts on buying Bitcoin at all-time highs

Many crypto enthusiasts turned to social media on Friday to voice their frustrations with the state of the crypto market. One Reddit user named imyourkingg allegedly invested 30% of his net worth into Bitcoin (BTC) a few months ago, saying: “I don’t need this money for the next 5 to 10 years, but I have to admit sometimes I get so afraid of Bitcoin’s future; I mean it crashes or never reach $100k, $200k as the predictions for 2025+ says or at least $55k again lol, and I lose that money, especially when all of my friends, my mom and family call me crazy for investing on it.” Crypto’s decentralized nature means there are no circuit breakers equivalent to the ones that exist on traditional stock exchanges. The resulting bull/bear cycles can be extreme, and d...

Fresh Alarm Bells for Crypto Market as Bitcoin Soars to the Top

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Elon Musk Suspends Tesla’s Plan to Accept Bitcoin as Payment

Image sourced from CNBC /* custom css */ .tdi_3_960.td-a-rec-img{ text-align: left; }.tdi_3_960.td-a-rec-img img{ margin: 0 auto 0 0; } Elon Musk has revealed that Tesla will no longer accept Bitcoin as a form of payment for vehicles – news that has caused the price of the cryptocurrency to crash as much as 15%. “Tesla has suspended vehicle purchases using Bitcoin,” writes Musk, “We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emission of any fuel.” “Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment.” Tesla & Bitcoin pic.twitter.com/YSswJmVZhP — Elon Musk (@elonmusk) May 12, 2021 Musk goes on to say that “Tesl...