This is why Bitcoin fell yesterday

Bitcoin

Here is my five cents about Bitcoin fall yesterday:

I am following Bitcoin for several month not only after it’s market price, but also after technological developments around Bitcoin network and it’s media coverage. I also took time to learn about how it works under the hood (but not yet had time to review the published source code).

These are my observations up until now:

BITCOIN IN MEDIA

Media coverage is absolutely horrible (including known sources) – this is what happens when financial journalists are trying to review complicated technology – too many people trying to say something, when they have absolutely nothing to say. Everybody concentrate on stupid empty speculations with zero information.

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