BitChick
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September 09, 2014, 06:44:41 PM

People are becoming very hateful and quarrelsome around here. It's no wonder though, many have put the highest of expectations into specific events/news the past few months, only to be disappointed again and again as they learn (and repeatedly forget) that news doesn't mean shit in a market ruled by sentiment.

I was having a discussion with BitChicksHusband this morning about this.  He said that it seems that negative news can affect the price more quickly than positive news.  What happens when there is some negative press is that people that already have some Bitcoin can sell off immediately.  However, with positive news those that have not yet purchased any coins but are interested in doing so have to begin the process of signing up or finding a place to purchase them.  This can take a while.  The affect on price is delayed because of this.  

That said, I still think some people are waiting to see what announcement Apple makes today.  Hopefully they follow Paypal/Braintree and mention Bitcoin at least. Wink