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RE: Proof that cryptocurrencies are a major bubble with no underlying fundamentals for their valuations
Everyone who has a interest on crypto knows that this happens from time to time. First, every cryptocoin has been banned by china . All the same in that regard. Second, most crypto can't be traded directly to Fiat and get their value from their trade exchange with Bitcoin.
I doubt the "guy" who bought Bitcoin above $5000 will be satisfied with your response :-)
The guy who did that was an idiot