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Health Ranger warns: Bitcoin collapse now under way… has already plunged nearly 40% from its high

• http://www.naturalnews.com

(Natural News) In case you having been paying attention to the world of crypto currency, Bitcoin has now collapsed almost 40% from its high, plunging from $3,000 to nearly $1,800 in anticipation of the "Bitcoin civil war" that's rapidly approaching.

From July 21st through the end of the year, a timeline of serious obstacles threatens to crater the speculative Bitcoin marketplace. One of those events has been called a "Bitcoin civil war" and could threaten the very existence of the crypto currency. That's why people are taking profits right now, selling their Bitcoin holdings and driving the price downward. (See BitRAPED.com for more coverage.)

Remember: Bitcoin isn't backed by gold. It isn't backed by anything at all. There's nothing technically superior to Bitcoin compared to other crypto currencies such as Ethereum or Z-cash. As a result, nearly all the growth in Bitcoin over the last few months was based on speculative greed, where people hope to cash in on the bubble of crypto currencies even though they don't understand the real risk.


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