This dump happens every year right after consesus before the bullrun begins.

Go look coinmarketcap prices between 20 may – june 10 you will see the same pattern repeats as now

Consesus 2017 date : 22 – 24 Conseus 2018 date : 14-16

2017 chart: https://imgur.com/a/tFA45In

Right now we are at the lowest point of the chart so expect positive price movement in 3-4 days.

Keep calm and hodl 🙂

submitted by /u/deuceofaces
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Bitcoin – The Currency of the Internet

Remember – As long as the price moves sideways, we are absorbing $12,600,000 USD in inflation *every day* at BTC $7000.

At an average of 1 block every 10 minutes we generate 144 blocks a day, and with a 12.5btc block reward that works out to 1800btc a day in inflation, or about $ 12,600,000USD @ BTC $ 7000.

When's the next halvening, again?…

submitted by /u/gta3uzi
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Bitcoin – The Currency of the Internet