Bitcoin has been given its value entirely by the people who use it. The physiological aspects of this coins have long been overlooked as politics has played a major role in creating price fluctuations in the market and manipulating prices in the short term. However, the flexibility and innovation are  present in the currency, the FUD cycle is more likely to occur in these digital currencies due to the volatility of them and due to immense number of traders that have taken to day trading with Bitcoin.

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