It's amazing to me how much price movements create news. Often people think the causality is the other way around; that there is some underlying news that must

It's amazing to me how much price movements create news. Often people think the causality is the other way around; that there is some underlying news that must be responsible for price movements. Prognosticators in the stock market are forever looking for reasons for the price movements. Simply supply is greater than demand. In the greater scheme of things this fall is no more significant than the last falls when bitcoin dropped from $30ish to $2, or when it dropped from $267 to $50ish. The question still remains: will bitcoin become a standard for online payments and a medium of savings? If it will, it will be a bargain whether it's $10, $100 or even $1000, and all these price movements, and the kerfuffle they cause will seem amazingly quaint to those looking back on the past (our present).