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.
The FUD created is vanished in a few hours when news came out that the derivative market will start running by December and the price started climbing after that,these might be calculated move by big whales just to manipulate the price and make a huge profit in between and with the speculative market coming up we could see these sort of things in the future. I expect to see massive fluctuation in the price next year.