Why are there all these news stories that are not true.Worst thing is these stories are being used as the excuse for the falling bitcoin price.
1 saying South Korea is banning exchanges and that was a lie people are still trading
2 people spreading lies on the forum saying india banned bitcoin and bitcoin will die and that was 100% a lie
3 people talking about government regulation and saying it will end bitcoin and they ahve said that for years and it grows like crazy
1 saying South Korea is banning exchanges and that was a lie people are still trading
2 people spreading lies on the forum saying india banned bitcoin and bitcoin will die and that was 100% a lie
3 people talking about government regulation and saying it will end bitcoin and they ahve said that for years and it grows like crazy
why not? news cycles tend to follow market cycles. at the top, the media was reporting about $500,000 price targets and telling you how to buy ripple. naturally retail buyers bought the top and are getting completely rekt right now. during the bear trend and near the bottom, expect the media to be especially harsh.
the "professor bitcorns" tend to come out at these times, gloating about how the end is nigh and they were right that the BTC price is headed to $10. that goes hand in hand with bad news (even inaccurately reported news), as media sources search for reasons to explain the falling price. as usual, their explanations are ridiculous and sometimes downright inaccurate. the price fell because demand dried up and people who bought significantly higher began to feel squeezed into selling. falling price begets falling price, panic develops......and here we are. same shit, different day. bitcoin will be back.
