Re: PETER SCHIFF WAS RIGHT: Again... If Bitcoin does not go up on good news....
I don't think that the price falling of Bitcoin is connected to the recent disasters that are happening and everything is normal whether the price rise or falls, this is the nature of volatility. Those people who panic sell are being eaten by the whales who keep on buying BTC while the price is decreasing and in my own opinion, those are not true believers of this technology and just joining the hype of Crypto Currency.
You are VERY, VERY wrong. Lasts night utter crash in the price of BitCoin as news and economy gets worse should wake you all up.... Bitcoin is not a safe haven, it is a risk asset. Any rational person would be doing a lot of self reflection and thought right now, there is still a long ways down possible.
You can ignore reality, but you can not ignore the CONSEQUENCES of ignoring reality
Hard Facts
After all, crypto has become dependent on world news and panic...
Crypto is a speculative asset and VERY MUCH affected by world news and panic. People will be forced to sell BitCoin to cover losses elsewhere, and job losses.
All you have to do is look at the price today to see this reality...
Hard Facts