the news from China are evidence about how fragile the bitcoin community is and how it can be easily manipulated.
about 2 days of non-stop FUD and market manipulation and panic sells and lots of weak hands and price went down 8.45% and it has already recovered about $200 of the dip back up.
and you call this "fragile"?!!
I call it a normal trend, dips and ups is just a normal behavior of bitcoin, and also be true to panicking people, manipulation? I think not, it just happen that china's stand firm on banning ICO to protect their people, FUDs are there no matter what we do, they are a part of this what you called Dips, and Also here we are buying on Dips, and we are part of the Ups ones. Have to wait another dips and fund that's a life that I should. Happy trading everyone .. cheers
I think those FUD news mainly attack the newcomers in the bitcoin world.
When you are longer involved here, you get used to that kind of rumor.
In the last six months, I think we had nothing of that kind. And in the same time the price grew a lot.
That means there are many new people here who do not know this game yet and fall for it.