Jared Tate expressed, So many people were convinced there was going to be a Bitcoin dip for a “healthy” correction, it just manifested itself. Everyone is searching for a nonexistent single reason. Focus on truly decentralized blockchain tech and think long term. This is a tiny bump along the road.

It just looks like even Jared Tate has been searching for a perfect reason for the dip, but since he did not find it he took to a philosophical tone:  I believe this was the largest dip ever seen for Bitcoin, Digibyte, Dogecoin and many others. Also the best 1 day buying opportunity ever seen. Anyone have any idea what caused this? Tether, China ban, Elon, 1000x leverage, whale manipulation, FED, what’s your theory?

I think it’s designed to force the public out, so the public doesn’t front run the banks and institutional investors. Buy designed, I mean from China and Binance.

The community came up with several reasons like:  Straight up and market manipulation. Fear. Some were like:  I think everyone put too much faith in their crypto God, then they pissed him off. Probably the main catalyst, flames were fueled by crypto media.

It’s corporate finance panicking. Incidentally they all have identical risk managing and risk tolerance stuff for some reason. More sellers than buyers.

Someone was too technical:  This dip looked coordinated to me. BTC hit bottom at exactly $30,000. DGB at exactly $0.05. LTC at exactly $147. XRP at exactly $0.85.

And perhaps Jared Tate before making his statement resonated with:  Was expecting a larger correction actually. Nothing makes sense in the fin markets anymore – Co-vid, unemployment, printing trillions of USD and other currencies, housing markets gone ballistic, and close to zero interest rates. What could possibly go wrong?

Those who were not worried about Bitcoin, but about DGB stated:  “Digibyte can make a lot of progress, but you haven’t done great in introducing it to the international community in the last 7 years.  As a Digibyte fan and someone who believes in digibyte potential, I want you to be stronger in introducing it to the international community, and bring the price to $1 first so that the glances come to Digibit.”

Jared keeps reinstating:  As I have stated many, many times over the past 7 years since DGB began in 2014 and has been refined by fire during many moments like now.  We are here for the long haul and DGB is not going anywhere. Digibyte: More Secure, Faster & Forward Thinking blockchain technology!