Bitcoin price 170622

Let's remember just how far Bitcoin has come, as we ride the wave down once again.

https://bitcointicker.co/stamp/btc/usd/AllTime/

Down to previous never before seen all time highs, do you remember 2018?

https://www.tradingview.com/symbols/BTCUSD/

Bitcoin really started to pop up on my radar back in 2012 and 2013 when I saw "Magic Internet Money" ads on Reddit. I was still skeptical of digital currencies like the IMF SDR and other types of money printing. I didn't yet understand that BTC was limited to 21m coins.

I also remember playing the game Bitcoin Billionaire, and realizing that if I learned how to mine actual Bitcoins maybe I too could be a Bitcoin Billionaire. Well, I started looking for ways to faucet Satoshi's. Every Satoshi matters.

https://coinmarkets.today/

Bitcoin dominance has been dropping for a while, but is now rising. It was just 38% in April. Everything changes so fast in crypto, and now that AI is real and alive, expect it to accelerate even more. After the Luna crash, I also noticed that ETH dropped to just 14.18% today.

You can compare that to this ^ snapshot I took on May 11th 2022, Bitcoin was 40.46% and Ethereum was 19.48% of market cap. What happened to Ethereum? DogeCoin is also holding onto more market dominance than SHIBA INU which is just over half a percent now. A lot of wealth got wiped out but what happens when everyone piles back into Bitcoin?

Will we see higher highs before we see lower lows? I always make these posts asking simple questions about the direction the markets are moving. I don't really know what is going to happen, but I like to also remind you that the next halving is still another 686 days away, so I would suggest accumulating more of whatever coins you want while everything is down.

I like to blog about the price of Bitcoin over time.