Bitcoin Forum

Lots of news about bitcoin today, when the price is soaring, the negative spotlight is told why it's happening right now, do you know the answer? honest i am sad this time bitcoin is a source of income for various circles  >:(

Yeah, when bitcoin was about 20k, no one were saying that bitcoin is using for some shady people and look, now it is a big concern.
I say bullshit, this all is happening with one target to reduce price, so somebody big could buy huge.

bitcoin is always in the "negative spotlight", that is not a new thing but whenever prices drop everyone only pays attention and repeats the negative stuff and turn then into FUD. and it is mostly a market manipulation but also a big fear that is running through the market with all the bubble talk and end of the world talk, all these weak hands have been dumping and eventually the trend reverses into a bear mode one and by then there is not much you can do to reverse it back but to wait until it reaches the bottom.

There can be a number of reasons behind the negative spotlight on bitcoins:

1) People losing money: A lot of people who invested money at $20000 level are now in huge loss. They might be sharing their experiences with friends and this is creating a bad impressions about bitcoins in potential investors.

2) Alt coins: Another reason can be alt coin developers posting negative news about bitcoins so that people withdraw their bitcoin investment and invest in their alt coins.