Post
Topic
Board Economics
Re: Bitcoin drop about 20% after Lloyd Blankfein comments.
by
Domenc
on 02/12/2017, 20:29:46 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.

Different comments both positive and negative in context to bitcoin are made on regular basis. If bitcoin was to fall due to such naive comments it would've never come so far.
Such remark does not manipulate Bitcoin’s value. The simple reasons of selling, buying and dumping determine its value. But all such comments in the past and at present have proved one thing that “War is on” and everyone has pulled up their socks to conquer one another. At the time negative comments wants to defame Bitcoin, on the other hand Bitcoin is approaching everyone to expand its market growth.