TheBitcoinBattery

It's fascinating watching Bitcoin respond to both the crashing price and the winter storm in the US. You can clearly see a major but very short term deviation in hashrate to the downside during the days the US was dealing with the bitter cold. Miner curtailment, helping to stabilize the grid against power outages, likely reduced how many people lost power and saved lives. Now that the worst of the winter storm is over, curtailment is ending and mining is resuming. It is also interesting to see the overall hashrate decline much more modestly since the October high, in the prices on the open market, while the price fell 50% typical hashrate has only reduced by what looks like 15%. This shows the resiliency of the heartbeat of the Bitcoin network, that things are working just fine and IMO the price will most likely recover and each new a ATH before long.

The people who criticize Bitcoin and lightning as doomed to fail, don't understand that the open source and decentralized nature of both layers means they're continued development will ensure both become stronger over time.

With all the drama about the elite and their inconceivably awful actions, it's never been more clear than ever. Bitcoin's traceability is a feature, not a bug. Once the network gets dominant, and Bitcoin is the money most people want the most, the biggest addresses will have the most scrutiny. The average pleb won't have much to fear. Plus, it's a lot easier to increase privacy for small transactions than it is for big ones. The world will be a better place on a Bitcoin standard, it can't come soon enough for me.

If Bitcoin were crashing while everything else was holding steady, I would be concerned. But Bitcoin is crashing along with pretty much everything else. This is a societal issue, not a Bitcoin issue. The network is doing just fine, and will continue to mine blocks without a problem. Remember the why behind the network, the world we're trying to build. It's coming, and it cannot be stopped. Tick tock, next block.

Bitcoin down 45% from ATH. Ether down 58%. XRP down 63%. Solana down 65%. Once again Bitcoin is holding better than the centralized shitcoins. Bitcoin isn't failing, the Fiat system is what's failing. The Dollar is having a temporary bull run against assets as people incorrectly assume the Dollar is safe during this chaos. But the very people causing this asset collapse are going to accelerate the collapse of the USD, just stack and HODL. You'll be glad you did.

It's definitely scary when the price of the world's best asset goes down, and continues to go down, it's scarier when the price goes up. Way up. Those are the times for which we HODL. Stay safe @Pegah.