Alert: Get ready to deal with FUDS about Bitcoin - page 5.

Fundamentals Of

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Quote from: Gozie51 on January 22, 2021, 01:26:08 PM

Quote from: Fundamentals Of on January 21, 2021, 11:02:44 PM

I don't understand why a lot of people are more likely to sell when Bitcoin is falling than when Bitcoin is flying? I don't get it why a lot of people are selling when it is buying time and buying when it is selling time.

I have noticed that this is the way the market has been. These people are the cause why the market and also the reason for the rise. If you also notice, when panic selling start, the price keeps dropping because more people get to exit the market then and same thing happen when the bull start, more too want to catch the profit and price begin to appreciate faster than expected. I think is just an economic analysis thing.

Barely the reason for the rise. The price of Bitcoin is already high. What makes it double would not be the limited retail investors who have got weak hands. It must be the rich companies and investors and those who are buying at the high price because of their long term plans.

I don't think these emotional Bitcoin owners are basing their decisions and actions on any valid and realistic analysis. They are probably just acting based on their emotional reactions to the charts.

yhiaali3

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Personally, I am not concerned about the decline of Bitcoin, on the contrary, I see it as a suitable opportunity to buy, selling panic always causes loss, so the trader must work very carefully during this period and know how to manage risks, otherwise he will lose a large part of his money.
I think the main reason for this fear is the new US administration and the decisions it can make regarding Bitcoin and cryptocurrencies, but for me, I am optimistic about the future of Bitcoin and I think there is no need to fear.

KTChampions

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Quote from: Wysi on January 21, 2021, 03:18:59 PM

Everyone, please don't panic sell by losing your capital as this forum will be flooded with FUDS since the value of Bitcoin has dropped to $30k which will lead so many people to post negative article against bitcoin which we have come across in the past. Just ensure don't cashout in hurry and rather do a proper analysis to avoid any possible loss as it's bit difficult to control emotions when we see numerous negative posts predicting a downfall.

Strange advice) Do you think that experienced crypto enthusiasts do not know how to behave? Or do you think that those traders who are trying to capitalize on the fall for ideological reasons will abandon their strategies and stop short trading? This advice is good for beginners and only if they can hodl for several years.

GreatArkansas

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I believe that people now are already immune for these kinds of FUD, especially if you experienced the 2017 - 2018 bull market and bear market which started of 2018. FUD are everywhere, on different social media, even on some televisions.
The only major victims here are some newbies who are just new in crypto and become weak handed, but we can't totally blame them, for me it is part of being a newbie and I already experience it before.

Ridwan Fauzi

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Let them do it, we don't need to advise them to hold on to the bitcoins they have. They are free to do what they are supposed to do, focus on the strategies we have and never be influenced by suggestions from other people.

Bitcoin price will have a high price although they do a panic selling. This thing always happen in all market, moreover with bitcoin that has a volatility price. Because we will see the panic buying as well when bitcoin price increase a lot.

Panic selling and panic buying is a common thing in all market. I guess if you are day trader or swing trader will do the same thing. You will be afraid because you will always think the lose that you faced, whereas bitcoin price movement will never decrease continously, there will be a situation the price will increase drastically after the decreasing price.

MishaSER

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Quote from: Wysi on January 21, 2021, 03:18:59 PM

Everyone, please don't panic sell by losing your capital as this forum will be flooded with FUDS since the value of Bitcoin has dropped to $30k which will lead so many people to post negative article against bitcoin which we have come across in the past. Just ensure don't cashout in hurry and rather do a proper analysis to avoid any possible loss as it's bit difficult to control emotions when we see numerous negative posts predicting a downfall.

Well, this is a natural reaction of people, people are in a panic and therefore write angry comments. What can we do if the market is always parabolic.

Quidat

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Quote from: Wysi on January 21, 2021, 03:18:59 PM

Everyone, please don't panic sell by losing your capital as this forum will be flooded with FUDS since the value of Bitcoin has dropped to $30k which will lead so many people to post negative article against bitcoin which we have come across in the past. Just ensure don't cashout in hurry and rather do a proper analysis to avoid any possible loss as it's bit difficult to control emotions when we see numerous negative posts predicting a downfall.

I see that you've been here on this forum since 2014 and would say that this isnt something new when it comes to FUDS and also to shills that will be flooding out
into this place.Its good that you do made out some reminders but you cant really stop on someones mentality when they are currently seeing those fake ones
around. This had been a typical thing into this market and dealing with it isnt really just for anybody because due to lack of knowledge and experience then
that would really result into those stupid decisions that would eventually result into loss of money. Deal with it or else you would really be messing up your investment goals and plans.

Wysi

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Yes I can relate to the situation as they will just use common phrases like end of bitcoin, bitcoin is bubble, etc but the saddest part about the FUD is some of the new users gets trapped by believing in them when their negative prediction coincides with bitcoin dump which leads them to panic sell at undervalued price and thus setting up a new low.

I think we all should take a pledge to educate the forum members by occassionally sharing posts about how to avoid panic selling and alternative when the market goes down.

Tstar

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Quote from: sunsilk on January 21, 2021, 08:51:46 PM

It is under $30k as per checking. The panic sellers always lose and it has never a good strategy to counter the dips unless you sold as stop loss with not that much to lose.

These articles that says about the negative news about bitcoin just like the most recent about double spending which has been proven to be a false claim. Don't buy all of those negative nees but instead buy the dip.

It's true. The panic sellers always lose. As Bitcoin now is over $33k again. I didn't buy Bitcoin but KEEP at 27c, and I'm already 10% up. Additionally managed to do a little AME swap on sell high - buy low prices for another 6%.

Reid

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Yeah, I am sure many accounts will be resurrected once again just to scatter whatever FUD they can think about.
I am actually waiting.
Somehow it gives enjoyment to me when I see zombies lurking around and just making predictions without even proof to back it up.
Maybe they will start next week.
I still don't see them around.

samson

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I read a press release by a listed company that sold it's BTC treasury holding due to 'the new bug' Roll Eyes

This company trades on a stock exchange - run by morons who obviously haven't got a clue

All about the 'double spend' FUD!

At least they made a profit. We're seeing listed corporations panic sell now - this truly is a new era!

Gozie51

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Quote from: Fundamentals Of on January 21, 2021, 11:02:44 PM

I don't understand why a lot of people are more likely to sell when Bitcoin is falling than when Bitcoin is flying? I don't get it why a lot of people are selling when it is buying time and buying when it is selling time.

I have noticed that this is the way the market has been. These people are the cause why the market and also the reason for the rise. If you also notice, when panic selling start, the price keeps dropping because more people get to exit the market then and same thing happen when the bull start, more too want to catch the profit and price begin to appreciate faster than expected. I think is just an economic analysis thing.

michellee

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I suggest not panic will be the way for us to think clearly about what is happening to bitcoin price. You can try to analyze deeper to find if you can use the situations for your benefit. Many people are now doing long trading in margin trading because they can profit while the price is down. But be careful because we do not know when this will over and change to the green candle. It is a hard situation for bitcoin, but we do not have to be panic.

adaseb

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Todays FUD of the day was the double spend fud. I checked the time stamp when the 3rd transaction occured and when Bitmex research published the tweet and the market was already in a down-ward trend, its hard to tell if it was the catalyst that caused this dump. I just think its a coincidence that it happened around the same time and would of retested the $30K area anyways. I am sure if this "double spend" happened while we were advancing then nobody would bat an eye. However since we are going down... people are blaming it on the double spend.

This is similar in the past to how in a pure bear market, no amount of good news will cause price to reverse. Same is true for pure bull markets, no amount of bad news will cause price to reverse. I think we just topped $42K too fast and need to cool off for a few weeks or months. All these TikTok influencers aren't helping either. Seems too many people are putting all their money into BTC thinking in a few weeks it will go to $100K.

Fundamentals Of

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I don't understand why a lot of people are more likely to sell when Bitcoin is falling than when Bitcoin is flying? I don't get it why a lot of people are selling when it is buying time and buying when it is selling time.

The price of Bitcoin went all the way down from $42,000 to $30,000. That's a good deal of discount on its price. It must be very attractive for someone who wants to become Bitcoin rich. But there seems to be a lot of emotions involved because people want to own a lot of Bitcoin but end up selling when the price is low.

TravelMug

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Quote from: Wysi on January 21, 2021, 03:18:59 PM

Everyone, please don't panic sell by losing your capital as this forum will be flooded with FUDS since the value of Bitcoin has dropped to $30k which will lead so many people to post negative article against bitcoin which we have come across in the past. Just ensure don't cashout in hurry and rather do a proper analysis to avoid any possible loss as it's bit difficult to control emotions when we see numerous negative posts predicting a downfall.

Yeah, finally those naysayers or at least bitcoin's critique is coming out again, this is a good sign that we are really in a bullish phase. Surprised to see a massive drop to $30k, nevertheless, I'm looking for long term so I'm not affected by it.

The thing we can do is debunked those FUD and let newbies in the community really know what's going on behind so that they won't panic and push the sell button. Bitcoin has proven time and time again that it is so resilient, maybe short term those FUD will have an impact, but if we are looking for a big shake out for long term, I doubt that we will go down hard, as I have said, we are still very bullish.

sunsilk

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It is under $30k as per checking. The panic sellers always lose and it has never a good strategy to counter the dips unless you sold as stop loss with not that much to lose.

These articles that says about the negative news about bitcoin just like the most recent about double spending which has been proven to be a false claim. Don't buy all of those negative nees but instead buy the dip.

Tstar

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We are dealing with FUDs from the beginning; this is not something new.

Bitcoin Obituaries : Bitcoin has died 395 times https://99bitcoins.com/bitcoin-obituaries/

Just keep looking after your interest and ignore the rest.

Wysi

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Everyone, please don't panic sell by losing your capital as this forum will be flooded with FUDS since the value of Bitcoin has dropped to $30k which will lead so many people to post negative article against bitcoin which we have come across in the past. Just ensure don't cashout in hurry and rather do a proper analysis to avoid any possible loss as it's bit difficult to control emotions when we see numerous negative posts predicting a downfall.

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