I think just about a week ago it seemed like all doom and gloom with bitcoin and cryptocurrency as a whole. Now let's step back for a second and exam just how "news" is reported these days. Often whatever the story is things are glamorized and or taken out of context in a big way. That being said it looked like bitcoin and alts had a lot going against it in the news.
Just like that the US senate had a very promising hearing with the SEC/CFTC where many encouraging statements were made, good news rang out from Singapore as well as South Korea. As we speak fears have dampened in South Korea and bitcoin seems to be reacting from that as well. There is no doubt fear and FUD have been a large part of the recent swings but I think price could be heading North, albeit a potential rocky road along the way.
I do not know if the Bitcoin is back to it is own rhythm again or not. But all I know is that the price of Bitcoin will increase and return to normal sooner or later. A lot of people may become afraid and confuse about the decreasing price of Bitcoin that happen lately, but for those people who know Bitcoin for a long time will not worry. That is because usually those people like that will already know about the developing of Bitcoin in some years. Usually people who already know Bitcoin for years will know that the price of Bitcoin will not go down forever. I do not know what amount of money you invest in Bitcoin, but do not worry because Bitcoin will be back to normal again. All we need to do is wait. Just like that the US senate had a very promising hearing with the SEC/CFTC where many encouraging statements were made, good news rang out from Singapore as well as South Korea. As we speak fears have dampened in South Korea and bitcoin seems to be reacting from that as well. There is no doubt fear and FUD have been a large part of the recent swings but I think price could be heading North, albeit a potential rocky road along the way.
