It amuses me when people say: "This isn't actually bad news." and, yet, Bitcoin drops 20-30-40% in just hours. Imagine what really bads news can do to it then! I secretly hope all investors and especially the amateurs who are professional only at panicking to leave the market so that we can focus on Bitcoin as a payment technology and not an investment tool. Let's be honest - most people are greedy. Most of us, too. Let's not mix greed with technology evangelism! Many will lose their hard-earned reputation by making baseless statements that Bitcoin will be tens of thousands soon while secretly hoping that somehow their small message will reach the wide audience and everybody will start buying!
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It amuses me when people say: "This isn't actually bad news." and, yet, Bitcoin drops 20-30-40% in just hours. Imagine what really bads news can do to it then! I secretly hope all investors and especially the amateurs who are professional only at panicking to leave the market so that we can focus on Bitcoin as a payment technology and not an investment tool. Let's be honest - most people are greedy. Most of us, too. Let's not mix greed with technology evangelism! Many will lose their hard-earned reputation by making baseless statements that Bitcoin will be tens of thousands soon while secretly hoping that somehow their small message will reach the wide audience and everybody will start buying!
To a true believer, nothing is ever bad news.
Well, of course, there are pathological cases as well. :)