Bitcoin, The Honey Badger Of Money, Shakes Off Russian Attacks To Stop It

In the old days of cryptocurrencies, which was 2015, if a group of violent criminals called ‘government’ somewhere in the world, ‘outlawed’ bitcoin, it would cause a fairly serious drop in the price of bitcoin. And it would often take weeks or even months for the price to recover.
So much for that! Vladimir Putin followed China’s lead in trying to use violence to aggress against peaceful people and ‘outlawed’ bitcoin exchanges today.
In the moments after the announcement around 4:00 am EST, bitcoin crashed around $600 according to CoinDesk’s price index (an aggregate of Bitstamp, Coinbase, itBit, OKCoin).
And, within 10 minutes, it had recouped around 90% of the losses!

This post was published at Dollar Vigilante on October 10, 2017.