Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.
Bitcoin price has been hovering between $70k and $60k for a long time. You notice Bitcoin price touched 53k a few days ago only there was German government selling Bitcoins and market dumping was normal. Usually a downturn in the Bitcoin market creates an opportunity for investors to invest. Because already the Bitcoin market will reach the peak of growth, but it is only a matter of time.
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HaHa I love it that Bitcoin always does the opposite of what people expect. The German sell-off caught people by surprise with a small slump. Now over on the MtGox thread everybody is predicting a crash because the trustees moved some coins to an exchange. And instead we get a pump.
Two lessons here, don't try to second guess Bitcoin, and don't listen to anybody on social media.
This is only because the German government is responsible for causing the recession market. Social media in particular broadcasts the most unreliable news. Where we should not believe because it is good to elude us, the right must be scrutinized.