Is this the beginning of the death of Bitcoin? Well, the topic is now resurrecting again now that Bitcoin just experienced one of the biggest bloodbaths ever in its trading history. And this the trend right now for the whole cryptocurrency market...we are seeing waves of red all over.
No wonder the FUD community is now having a fiesta...they think that this can be the start of the end of the world...I mean the end of Bitcoin and that it can crashed soon towards the $100 price.
Are they kidding me?
This happens every time the price crash and the fact that some fud in china yesterday made the price crash hard. We experience some crash earlier this year because china suspend withdrawal in china exchange we were fine weeks after that, so we'll be fine this time.
The effects of the China FUD are getting more short lived, you said it yourself at the beginning of the year it took bitcoin a few weeks to recover, now it only took bitcoin a few days to recover, soon enough the China FUD is not going to work anymore and the next time something like this happen we are not going to care anymore.
Well FUD can really make btc fall, whenever there are events of splits, corrections, hardfork and bad news regarding btc its the over reaxt of the users that makes its value dump.