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Crypto`s crash just surpassed dot-com levels as losses reach 80% The Great Crypto Crash of 2018 looks more and more like one for the record books.

Source: , 01/01/1970

Crypto`s crash just surpassed dot-com levels as losses reach 80%
The Great Crypto Crash of 2018 looks more and more like one for the
record books.
As virtual currencies plumbed new depths on Wednesday, the MVIS
CryptoCompare Digital Assets 10 Index extended its collapse from a
January high to 80%. The tumble has now surpassed the Nasdaq Composite
Indexâ€™s 78% peak-to-trough decline after the dot-com bubble burst in 2000.
Like their predecessors during the Internet stock boom almost two
decades ago, cryptocurrency investors who bet big on a seemingly
revolutionary technology are suffering a painful reality check.
The virtual-currency mania of 2017 - fueled by hopes that Bitcoin
would become â€œdigital goldâ€ and that blockchain-powered tokens would
reshape industries from finance to food - has quickly given way to
concerns about excessive hype, security flaws, market manipulation,
tighter regulation and slower-than-anticipated adoption by Wall Street.
Crypto bulls dismiss negative comparisons to the dot-com era by
pointing to the Nasdaqâ€™s recovery to fresh highs 15 years later, and
to the Internetâ€™s massive impact on society. They also note that
Bitcoin has rebounded from past crashes of similar magnitude.
But even if the optimists prove right and cryptocurrencies eventually
transform the world, this yearâ€™s selloff has underscored that progress
is unlikely to be smooth.

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If you are visiting SA or already here on a visa, take this as a public-interest warning. In 2025, a quiet, but sharp, shift has taken hold inside parts of home affairs adjudication ranks: applications are being refused almost mechanically if they were not submitted at least 60 days before visa expiry.A wave of refusals repeating near-identical wording:The applicant did not submit his/her application no less than 60 days prior to the expiry date of his/her.

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