Post
Topic
Board Speculation
Re: Volatility and Psychology
by
lomalio
on 18/08/2014, 05:03:00 UTC
The price dropped for the last 2 weeks is only less than 20%. Many of the speculators obviously aren't around during the Mtgox and China bubble days.

Those drops had understandable reasons and actually had quick rebounds. But this current drop is psychologically worse because people see that most of the news is good but the price is dropping for no good reason. Those early drops made BTC look strong because of the support. This drop makes the BTC community look weak.