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A comment on Bitcoin Falls Below $20k for the First Time Since 2020. Parent comment

Re:Bitcoin Falls Below $20k for the First Time Since 2020 by nappy-doo on Saturday June 18, 2022 @07:36AM (#31788961)
The arbitrary signposts are because the only way to look at Bitcoin is with technical analysis and looking at the graph. There are no earnings releases, press releases, or business conditions to discuss. We can only look at the price, and speculate. (NB: speculate, not invest.)
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Re:Bitcoin Falls Below $20k for the First Time Since 2020 by datadata on Saturday June 18, 2022 @09:40AM (#31789715)
There is of course news that matters to bitcoin and impacts the price. When China banned bitcoin, one would expect price to go down. When Tesla bought bitcoin, price should go up. By your argument all commodities would also fall into the same camp.
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