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by iszomer 1629 days ago
You may be confusing the bitcoin network conditions with price action.

iirc, there were some mainstream and social media stories of the recent "events" concerning the country of Kazakhstan regarding banning of bitcoin mining and the political unrest (and or violence that ensued). The blip you experienced may have been a direct result from this.

2 comments

It was a little joke, but probably not funny to those hodling BTC
To those people bitcoin going down is cause for celebration. It's a sale and they get to buy more for cheap.

The real joke is the fact there are far better coins out there that nobody cares about just because they're not BTC.

"..from centralized exchanges" should be appended to "..they get to buy more for cheap."
I think it would be funny for those HODLing their mined BTC but not those whom are HODLing their bought BTC. :)
You may be confusing a joke with a WHOOOOOOOOOOOSH!