Quote:
Originally Posted by dave90210
Since the Alibaba IPO Bitcoin has lost allot of Chinese investors and the price of Bitcoin is tanking. Will Bitcoin see sub $200 levels again?
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Alibaba IPO? Probably not.
The greenback strengthening against almost every currency in the world right now and people seeing it as a stable currency again... Probably.
Bitcoin gain popularity as the dollar was decreasing in value due to the printing press being on. Now that the US is probably the best place to park cash in the world, the currency is on the rise and bitcoin happens to be tanking at the same time.