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Sometimes it seems to me like people are intentionally causing fear, uncertainty, and denial about Bitcoin just to swing the price in their favor.

• notahacker 13y ago
  There are also many commenters and bloggers that are writing bullish comments on Bitcoin because they happen to own a lot of them, believe in it's mission etc. I would argue many more since it's not even economically rational to spread FUD to depress the current market price of BTC and then buy it when its potential to appreciate in future also depends entirely on confidence since it isn't backed by any tangible assets or income streams. Sure, it would be better journalism to add the detail that Bitcoin has actually risen since "only" falling ~15-20% in response to the Silk Road seizure and explain that the 50% fall from its peak price happened in a few hours on April 10 and had nothing to to with fears over Silk Road, but I don't believe that would leave readers with any more faith in BTC as being generally stable.
• the_watcher 13y ago
  No insight either way on this, but I did buy a (very) small amount of BTC after the initial post-Silk Road fall on the chance that the market was acting too irrationally. I've been curious about Bitcoin for a while, and now seemed like as good a time as any to buy a little bit and give myself some financial stake.