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Bitcoin falls 25 percent to $10,200 on Bitstamp exchange

Cryptocurrency Jan 16, 2018 05:51PM ET
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© Reuters. FILE PHOTO: A view of Ducatus cafe the first cashless cafe that accepts cryptocurrencies such as Bitcoin on their opening day in Singapore
 
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SYDNEY (Reuters) - Bitcoin had lost a quarter of its value in early Asian trading on Wednesday as fears grew of a regulatory crackdown after reports that South Korea's finance minister said banning trading in cryptocurrencies was still an option.

Bitcoin was last down 25 percent at $10,182.00 (BTC=BTSP) on the Luxembourg-based Bitstamp exchange.

Bitcoin falls 25 percent to $10,200 on Bitstamp exchange
 

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Comments (5)
Le Van Nhan
Le Van Nhan Jan 17, 2018 12:12AM ET
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https://www.tradingview.com/chart/BTCUSD/f5U3r9dY-HOLD-SELL-BELOW-19500-for-Longterm-to-5000/
Em Dot
Em Dot Jan 16, 2018 5:51PM ET
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Buy buy buy...soon to hit 25 30 grand..what goes down must go up..cryptos here to stay ..they would have to regulate it on a global scale and is quite difficult
Franklin Adinnu
Franklin Adinnu Jan 16, 2018 2:57PM ET
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BTC: 2015 Low was Jan 15 2016 Low was Jan 16 2017 Low was Jan 12 2018 Low was.... Next target $45,000
Ricardo Ferreira
Ricardo Ferreira Jan 16, 2018 12:49PM ET
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ALL market in correction!!
Steve Silvers
Steve Silvers Jan 16, 2018 7:34AM ET
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Governments are a legal way to take peoples money and spend it the way they want without regard for the person they took the money from.  This scheme was cooked up during the Roman era as tribute to provide services such as defense, garbage removal in large cities, water, sewer, roads, bridges, and police.  There were also public  places built where people could go such as public baths, stadiums, and brothels.  Now we are all slaves to this lifestyle we have lived by for centuries and allow politicians to manage our daily affairs.  I for one think that it it time for an accounting where governments have to publish a condensed financial report to we the people to look over.
Martino Razz
Martino Razz Jan 16, 2018 7:34AM ET
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Yeah how would you tax bitcoin? I mean a government is needed, but as you've said it should be accountable.
 
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