Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Calm down.
by
The Pharmacist
on 11/07/2019, 15:39:56 UTC
⭐ Merited by hatshepsut93 (1)
It feels like every six hours I see a fresh "news" article on my feed about how "the bubble is on" or "BTC has crashed" because of a 15-20% price motion.

I worry that these people are missing a history lesson.
You have to understand that the media outlets are in the business of creating news, even if there is no news.  Thus they make a huge thing out of nothing, and since bitcoin is a relatively new asset with huge volatility, they report on any big price swing.  You'll notice that even when the stock market ends the day completely flat, they'll still look for reasons why and report them as if they mean anything.  This is why I don't follow the news, any news, except for what I gather here on the forum.

The charts look pretty good to me, by the way.  Doesn't appear bitcoin is in bubble territory, though I'm hoping it doesn't rise much higher too quickly.