No more ATH's from Bitcoin today as the crypto leader made a not unexpected u-turn and headed south.
Just about all cryptocurrencies and most of the stock market had a red day today as a widely anticipated market correction moved into top gear.
Looking back in crypto history 22 February has been quite an uneventful day over the years apart from a North Korean crypto conference that may or may not have taken place, and a large helping of Bitcoin negativity from the Sputnik news crew.
22 February 2020 - Pyongyang Blockchain and Cryptocurrency Conference
Organised by the Spain based Korean Friendship Association the Blockchain and Cryptocurrency Conference was due to take place in North Korea's capital, Pyongyang.
The conference was part of week long package that included a number of sightseeing and other tourist activities.
In January Reuters reported that the United Nations was urging members of the crypto community not to go to the conference warning that they would likely be violating UN sanctions by attending the in Pyongyang event.
Two days after the Reuters report the website of the Conference went blank. Coupled with the growing Covid-19 threat at the time it is unclear whether the event went ahead or not.
The first Pyongyang crypto conference which took place in April 2019 resulted in the arrest of Virgil Griffith, a US citizen and Ethereum developer who gave a presentation on blockchain technology after receiving warnings from the FBI not to do so.
22 February 2015 - Sputnik Predicts Death of Bitcoin in 2015
Russian state-owned news agency Sputnik News published an article giving "Five Reasons that the Bitcoin Revolution is Over" and declaring that 2015 would be the year Bitcoin died.
The article cited the drop in price and its volatility, the falling profitability of mining, the lack of consumer protection, low adoption rates and that Bitcoin was a passing trend.
Ultimately, Bitcoin will be relegated to the history books unless structural changes are made. It will never be fully adopted in its current form, being nothing more than a neat concept for people to lose money on.
Help the Project and earn HIVE
If you would like to help this Crypto History project I am always looking for contributions from the community.
I pay 1 HIVE for every suitable verifiable event that I use in a future 'This Day In Crypto History' post.
The empty days coming up that I am particularly keen to get entries for are...
February 26th & 29th (!)
March 2nd, 4th, 5th & 7th
As the 26th is getting close I am doubling up the reward to 2 HIVE for any events for that day.
If anyone does find an event for 29 February I will 4x the reward to 4 HIVE.
Events will have to be notable enough, with links to reputable websites for verification. Events can be posted in comments below or sent to me on Discord (Pennsif#9921).
If today's red day in the markets is disheartening just read that Sputnik article from 2015.
Six years on and Bitcoin is definitely not dead!
Thank you
Pennsif
