Well the large 40% movement is very much due to hype and FOMO. However with the subsequent drop I believe that people did do research on BIT and decided to pull out. I am a bit sad about missing the boat, but I think it is important to at least assume most traders understand the stock that they are investing in. Would it spike again? Possibly. Key indicators would be: WHO declaring international emergency, phase 3 trial focusing on coronavirus, or aquiring additional funding. Would it be sustained growth? No.
