Quote from: gordeevaar on February 05, 2018, 06:30:35 PM

Quote from: Sam76512 on February 05, 2018, 04:36:52 PM

It is interesting to me how it seems that bad publicity, fud, rumors, news, announcements, etc in the press can have a devastating affect on markets. Sometimes these are legit sources and sometimes they are complete speculation and reports that have no basis of verifiable information and even with factual debunking of rumors the affects on the market are noticeable. And on the flip side when positive news comes out about blockchain use cases, companies utilizing the tech, the magnitude that this tech has on so many industries, and/or cryptocurrency adoption, it seems the market doesn't react in the same way. Like bad news is three steps backwards and good news is one step forward.

Do you think Bitcoins reached this price level without any manipulation ? A lot of that good news is fake as well.

Well I understand that this is the Bitcoin Forum and I don't want to start any war with the wrong people. As a newbie here I don't want to overstep my bounds currently as I am sure there are some long-term and long-time diehard fans of Bitcoin. However my comments were not directed toward Bitcoin solely but an overall on the whole market. Of course there was also some speculation that went on that contributed to the rise of Bitcoin. Since most other currencies will mimic what happens to the current leader it is normal for the rise and fall of the market based on what happens to the top dog. However to me, Bitcoin, is just a small part of the global blockchain/crypto market. I don't even see it comparing to assets like ETH. I don't want to make anyone upset and these are just my opinions. I will be happy when the market share equals out much more than it is. I believe it will be much better for the market and will further reduce volatility.

But for me (and the reason for the post) is it seems that one country can say "We are banning all cryptos and hate the blockchain and yada yada" and the market tanks because everyone is so scared of this new technology and don't understand it. Then a week later says "We are embracing cryptos and love the revolutionary blockchain tech and this is how we are utilizing it etc. but the market seems unfazed and takes 3 times as long for good news to push the market. I am sure like everyone else here I just am ready for less speculation, more adoption and education, and less volatility. But I suppose welcome to the wild wild west of the crypto world. Things are changing every 24hrs. So who knows what things will look like in 6 months even.