CEO of the USA Investment bank, Lloyd Blankfein said "something that move 20 overnight do not feel like a currency. It is vehicles to perpetrate fraud" after this comment on Thursday bitcoin lose over 20% and I was panic to sell off my holding. But thank God the bitcoin has started recovering as we can see that it is currently above $9,700. I think this is another caculated attacked on bitcoin image in other to create FUD.
But look what it results in, even after the panic sell, even more people will get into it. Nowadays many are just waiting for this kind of opportunity to get the value slightly lower so that they can buy. Every time there is a slightly downfall in the value, it goes even higher in the soon after spike.
So appropriate thing to do whenever such nonsense is being spoken, is to ignore and go your merry way of hodling.