the FUD is only effective for a short period of time before it stops being effective.
FUD won't stop when it comes to bitcoin.
you never see FUD continue influencing the prices forever otherwise price would have dropped down to zero.
This won't happen to bitcoin due to the support of the community and the die hard bitcoin enthusiasts but when it comes to altcoins it is very much possible that the value will go down to zero.
and as for the hacking incident the last one was an ETH hack and it had nothing to do with bitcoin and the fact that bitcoin price also went down was because ETH got dumped in my opinion.
Yeah it had nothing to do with bitcoin but it has a big impact in the image of cryptos as a whole since Eth is considered as one of the major altcoin.
This perfectly shows that it is very smart to go against the general sentiment. I hope that we can keep $7000 for a longer while, but even if not it's fine with me -- having broken through $7000 is pretty bullish and pushes the bar higher. I like how it's Bitcoin with the highest % gains instead of altcoins today, which doesn't happen all that often. That being said, we shouldn't lose our cool just because the price has gone up. There hasn't been anything that technically or fundamentally changed. It's either a due increase, Black Rock speculation, or ETF speculation, where none of these factors have any foundation to build on yet.
We were just talking about $7000 last week and now its already past $8k. Bitcoin is really performing this past few days.
Do you think it will touch $9k early August?