What you can say about this sudden price falldown of bitcoins price?
Is this the end of halving? Or just someone manipulating its price? because i see many people started to sell their beloved hodl coins and if massive selling will continues surely bitcoin will drop for more and we might see 300$+ again.
Well not that I know what I'm talking about...but miners (the big ones) could be dumping the coin they've hoarded up till now as a hedge for IF the price goes down after halving...
ie insurance...to keep the hamster wheels going after halving ..depending on the price...it is after halving...a hedge
or hell it could be that 500 usd or so is the real price and this is a fading pump that is now a dump
will be interesting however Saturday...when all of the worlds miners are effected by halving..you'd think the price would have to stay at this level if for
no other reason that most big miners dump most of their coins to cash daily....thus....all the mining capacity in the world a switch is tossed and ouch..
only 1/2 the coin being moved daily to exchanges for $$ (whatever 1/2 of that daily mining amount may be ....we do know it will be 1/2 of such previous movements of btc to $$$)
depends along with the above how many kool aid drinkers like myself out there that are holding coin despite all this drama....
tis a silly hobby (as I sit with a good 'pucker' going and watching this crypto drama with 3 knc titans to babysit and 100 btc in my hoard....argh....confusion)