over the past 2 days that we saw a small 9% drop i have seen all kinds of so called "speculation" where people are seeing all kinds of doomsday scenarios. in some cases it is wonderful how their imaginations work. from simple whales manipulating to the good old China bans bitcoin has been the heated topics over the past 48 hours!
what happened? price started a tiny rise then the FOMO kicked in pushing the price back up. guess who was FOMOing?
Not only in forums, but something like this already happened in every single market chats. Someone or people who play with other's emotion to make advantage for themself. I don't think they are people who care with others, because they are only want people to be panic so they can buy bitcoin in cheap price. I always think about that, so if people speculate negative thing about bitcoin, i will ignore it.