BITCOIN DIARY: There's blood on the streets of crypto, my friend, blood!

I imagine it's pretty crushing for the believers. After sagging, drooping and sulking somewhere around R125,000 per bitcoin for a week or so, the market collapsed over the last two days leading to what has been described as the  'worst weekly performance since 2013'. This follows weeks of relentless miserable news: India clamping down, China clamping down, Facebook banning cryptocurrency advertising ... Here's a summary that doesn't pull any punches: The latest numbers (real traded ZA numbers, which are less flattering than dollar numbers converted to rand) show Bitcoin at R96,000. I must immediately point out that within five minutes of publishing this, the price is likely to be different, such is the volatility of crypto right now. Others such as ethereum and litecoin have not been spared. The ZA price is now roughly where it was in mid-November and way off the high of more than R300,000 in mid-December, which means that everyone is adjusting their expectations and trying to estab...

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