The Crypto Crash: How Elon Musk and China Crashed the Price of Cryptocurrencies - TLDR News

This week the price of various cryptocurrencies including Bitcoin, Etherium and Dogecoin dropped significantly. Many are attributing this crash to Elon Musk and the Chinese Central Bank. So in this video we explain exactly what happened and how one man and one country have suck influence over crypto.

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[mathewsmart]

Nobody becomes a millionaire or a billionaire by working for others and depending on them, good investment bring millions of dollars, and consistency brings billions, the market is all about BTC at the moment now....

[Bravo.]

3 golden rules of investing
1. Do not invest In something that you don't understand
2. Invest If you can afford to lose
3. Don't put all your eggs in one basket

[dafuzzymonster]

"a crypto currency based on the doge meme" that's such a 2021 sentence.

[EclipsaMyrtenaster]

China: We don't like Cryptocurrency... So, we'll make one ourselves.

[aervanath]

Crypto is a wonderful way to get your gambling fix without going to a casino.

[charlotteernest]

Making money is the plan and with Bitcoin Investment your plans can be fulfilled.

[galenrichter]

3:10 wait, going from 1 cent to 5 cents isnt a 500% increase, thats a 400% increase?

[MillionaireMindsetClub]

Elon Musk is playing mind games on the expense of retail traders.

[ramsesbams]

china: virtual money isn't real money
me, looking at my money in the bank that is basically just virtual money: uh oh...

[michaeljf]

A single Billionare ruining the savings and dreams of tenths of thousands of people: "Oh no....anyway"

[acommenter]

In china, there is an annual yuan to foreign currency exchange limit of $50k (and yes, the law denotes their exchange limit in USD), I suspect bitcoin was a way for Chinese billionaires to circumvent this and exit their money from china and china would like to crack down on this and doing so would have a detrimental impact on the price of bitcoin.

[aliwakanda]

Imagine hanging ur entire life savings and mental health based off somebody’s random tweets while that person sips coffee in their sofa counting money. Capitalism can’t get more realistic at this point.

[anthonygtk]

Investing in crypto now is very cool especially with the current rise in the market now

[Migreeni_mies]

How come every time I invest in something there is a market crash literally the next day. -Tuesday investor

[rachelpeter]

The secret of your future is hidden in your daily routine. Successful people do daily what the unsuccessful only do occasionally

[adude]

The crash was planned by Elon himself to get BTC back as number 1 crypto currency

[luana.desousa]

I can't see cryptocurrencies with seriousness when the value drastically changes when someone tweets something

[billiejosephine]

If only you know what the future says, you'll know that indeed cryptocurrency is the future, investing in it now will be the wisest thing to do. Hold!!! And you" will thank yourself.

[Norton]

Loved the message to look after your mental health! The world needs more of this

[zhaf]

China isn’t developing a crypto currency, it’s a digital currency. There are no decentralization in digital currencies, it’s controlled by the central bank. So it’s a big difference.