CEO of the USA Investment bank, Lloyd Blankfein said "something that move 20 overnight do not feel like a currency. It is vehicles to perpetrate fraud" after this comment on Thursday bitcoin lose over 20% and I was panic to sell off my holding. But thank God the bitcoin has started recovering as we can see that it is currently above $9,700. I think this is another caculated attacked on bitcoin image in other to create FUD.
Why are any of you still paying attention to whatever the fuck these scammers to say?
First JP Morgan CEO Jamie Demon comments FUD on Bitcoin a bunch of times and each time it goes higher after the dip. And then the Goldman Sachs' CEO Lloyd Blankfein comments on how Bitcoin is volatile and not a currency, not even a creative or funny comment, just the same regurgitated nonsense we've heard a million times.
If Bitcoin is volatile is because of panic selling idiots falling for the FUD each time. As we shed them out on the long term everyone holding will have strong hands and they will not sell every time the mainstream media tells you to do so.
Honestly, the market is growing even more matured that these guys really need to start shutting up. If anyone wants to panic sell right now because of the trash these guys are spewing, then that is their call and they will have themselves to blame for it.
However, the OP trying to relate that rubbish said by whomever he calls himself to the recent drop in price is not right. Corrections are normal and it was expected. Traders will take profit, which is all.