I confess that I’ve been a little depressed about the recent price drop, and this piece is how I was processing the frustration last night. The one-two punch of the Chinese suspending Bitcoin exchanges (a rumor*) and JPMorgan CEO Jamie Dimon slamming Bitcoin in the press (an uninformed opinion) has knocked the price around a lot these past two weeks. Remaining resilient has always been Bitcoin’s biggest strength though, and it’s consistently proven that it can bounce back after many attacks from both external and internal forces.
I just need to think more like Rocky.
* I wrote this before the news about BTCC suspending trading activities had started circulating, obviously.