Bitcoin has recorded its largest monthly loss since June 2022, pushing it into a bear market as the euphoria over cryptocurrencies after Donald Trump’s election win faded.
The price of bitcoin fell by 17.5% in February, the biggest monthly drop since June 2022, and its eleventh worst month in the last decade, as risk-off sentiment gripped financial markets.
The world’s largest crypto asset ended February at about $84,252 (£67,010), having hit a three-month low of about $78,273 during trading on Friday.
Bitcoin has now dropped more than 20% below the record high of $109,071 set in mid-January, which puts it into a technical bear market.
I use the creation of bitcoin to mark the end of the idea of the internet community.
Before bitcoin, there were scams and trolling but most of the people were there to enjoy themselves. Maybe you’d learn something, and maybe just kill some time.
There were plenty of scams before it was more just directly donating to them or buying courses with no way of being in on the scheme lol
As someone who was interested in Bitcoin at its very beginning (sometimes I wonder what kind of arsehole I would be now if I hadn’t lost my wallet back then long before the stuff was worth anything) - it took quite some time from its inception to cryptobros being a cultural phenomenon everywhere on the net. So the creation itself may be a bit too early.
But I think your point is still very much valid.