How To Buy Xrp On Binance With Litecoin?

At the end of 2012, Bitcoin was trading for less than US$0.02 and traded on exchanges such as Mt Gox and mtgox accounts were hacked – resulting in a Bitcoin freefall to below US$100. But while some investors were willing to take several large losses in order to become early Bitcoin millionaires (or not), others were rapidly losing confidence in Bitcoin and started selling their Bitcoins.

Why did this happen? One reason is that around this time, Bitcoin hit an all-time high of over $1,200! This led people who had been turned off by Bitcoin’s volatile price swings to begin selling their Bitcoins at any price.

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