RE: "Dr. Doom" Nouriel Roubini Says Bitcoin Is The "Biggest Bubble In Human History"
This drop has nothing to do with my bubble
With the end of January, the price of the homeowner fell to $ 9,000 (approaching $ 8,000 in the early days of February). Where it has been a particularly difficult month for bitcoin if we consider that halfway through December the currency peaked at $ 20,000.
The market has received a blow after a blow in successive days that led to a downward spiral from the above mentioned rise. The only problem is that some of these motivational factors were like paper tigers or even worse, just fake news.
In a speculative market such as the bitcoin market, which generated a huge influx of relatively late speculators into the frenzy that led to a bitcoin rush to $ 20,000, the bad news is particularly bad for investors and hurts their confidence.
- Confusion South Korea
In mid-January, there was a bout of confusion coming out of South Korea, which is an important center of bitcoin in the east, where the justice minister independently announced plans to ban digital currency trading.
The panic spread through the markets in a similar way when China announced the ban.
However, that news has since been denied by much higher authorities, and indeed the trend indicator of South Korea has been very positive in the wake of this fear in the market. In fact, even this step has been labeled as "insider trading" where many have fought against an alleged planned attack.
Regardless of the clarification and the clouds of clouds from the Asian State, the damage was done. Although markets managed to make their way back to a certain extent, a little later, more damaging news about dubious integrity emerged, leading to speculators fleeing. - Old news, in the United States, showed fear, uncertainty and suspicion showed their face when it emerged that there was a call to Bitfix and Tether. The first is a big stock exchange and the last is a company to issue barracks.
This has sent waves of panic throughout the community, showing once again that the organizers, who have been classified as the number one enemy, have taken immediate action and are tightening the screws.
According to the report, the Commodity Futures Commission's dispatch of summonses to these two companies, oddly enough not within the United States, raises alternative questions about jurisdiction.
But after the market dropped 11 percent because of the news, it turned out that the allegations were already made in early December, said Nathaniel Popper, a New York Times reporter.
Again, the impact of the negative news was obvious, and its health seemed to be unimportant with the doubling of markets for a reason that was not even relevant or related.