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Board Beginners & Help
Re: Reason for current Bitcoin crash
by
the_thing
on 19/08/2012, 22:03:05 UTC
Yeah, a crash of this magnitude set off because people fell into a ponzi scheme is not good press for bitcoin.  Sad
It's not bitcoin's fault. Things like this happen all the time with fiat currencies. People just have to learn basic economics. Some of the them the hard way. Everything will be alright, once the market wakes up from the shock. That's all.