Post
Topic
Board Economics
Re: Bitcoin drop about 20% after Lloyd Blankfein comments.
by
audaciousbeing
on 02/12/2017, 19:45:10 UTC
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.

I didn't even get to read his comment to be able to know that was what might have led to the fall of bitcoin price. I am surprised to have seen someone like you who is not a newbie reacted to news and by that wanted an easy way out by selling off your bitcoin. News like this should not be surprising as several have happened in the past  and bitcoin back stronger this is even not an exception.

I hope you didn't empty the vault as a result this because to get back in would mean you have to go source for  additional funds in other to measure up with the price.