Yahoo Answers is shutting down on 4 May 2021 (Eastern Time) and the Yahoo Answers website is now in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Anonymous
why did Bitcoin drop by 15 percent in just 1 hour? why the news media cannot explain the reason?
1 Answer
Relevance
- AmyLv 72 weeks ago
Because there is no basis for its value. It's not made of precious metal. There's no government demanding that everyone accept it as money. It's not even ownership of real property like stocks. The price is determined ENTIRELY by how much people are willing to pay for it, and eventually you run out of people willing to buy it.
Still have questions? Get answers by asking now.