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Author Topic: Bitcoin's latest decline was triggered by quantum computing headlines  (Read 271 times)
paxmao
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June 15, 2022, 09:44:31 PM
 #21

Well I guess that the NASDAQ and most "growth" stocks are also under threat of quantum computing? Because it has been week of loses all over all the indexes out there.

Nah, the explanation is much simpler, the FED and many other central banks have raised rates to contain inflation and they are likely to do it again strongly in the near future.

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June 15, 2022, 10:25:25 PM
 #22

I myself don't know what it is
Quantum computers, so that it became the one that caused bitcoin to collapse was very dragging and became a threat but in fact not only on the crypto market, the stock index market in all countries is experiencing significant inflation and I myself am not sure this is due to the release of a Quantum Computer that may offer that has a very high speed than ordinary computers

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July 07, 2022, 11:51:27 AM
 #23

maybe this is included in one of the reasons that do have something to do with the decline in bitcoin.

But I myself see that the biggest impact on bitcoin's current decline is from the impact of the deteriorating world economy. the impact of the pandemic that swept across the country. because even in my country the result of the covid-19 pandemic. more than 24 million workers in my country are affected. because the factories were closed. and if you look more broadly, it is the result of inflation which has an impact on all sectors of the economy. made worse by wars and other epidemics that emerged.
In fact, we can see a global economic recession that seems to be in sight.

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wmaurik
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July 07, 2022, 12:28:03 PM
 #24

maybe this is included in one of the reasons that do have something to do with the decline in bitcoin.

But I myself see that the biggest impact on bitcoin's current decline is from the impact of the deteriorating world economy. the impact of the pandemic that swept across the country. because even in my country the result of the covid-19 pandemic. more than 24 million workers in my country are affected. because the factories were closed. and if you look more broadly, it is the result of inflation which has an impact on all sectors of the economy. made worse by wars and other epidemics that emerged.
In fact, we can see a global economic recession that seems to be in sight.
Some of what you said is true, but I no longer see the problem of Bitcoin dropping because of covid-19 because I think it's been resolved and has been handled very well in the last two years. So the decline in Bitcoin that we are seeing at the moment is due to inflation and war that can affect the global economy and because it makes investors prefer to put their assets into currencies that they think can be very safe.

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Cookdata
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July 07, 2022, 04:31:36 PM
 #25

This could be one of the reasons technically but the market structure collapse is the main reason why the bitcoin price has tanked like this. Quantum Computing hasn't been making headlines like the collapse of the Luna fiasco, and the rise in interest rate, global inflation and traditional finance price correlation.
I don't know how powerful is Quantum computers and how fast they could break bitcoin hashing functions but I also think developers aren't sleeping as well, they would also be carrying out some series of tests to validate the bulletproof of this hashing cryptography with bitcoin security.

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July 08, 2022, 05:09:20 AM
 #26

Not in and of itself.  I think this by itself would register a small blip on the radar and not what we are seeing currently.  I believe the biggest culprit may be inflation, which is being driven from all directions of events.
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