Can FUD destroy bitcoin? - page 20. | Bitcointalksearch.org

richardsNY

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Quote from: DRVX on April 10, 2018, 01:23:12 PM

I guess that FUD cannot totally destroy Bitcoin, but it can affect its price. Naturally, many people still believe in false information about the cryptocurrency, and it is a very bad thing. FUD must be stopped.

Fud doesn't need to be stopped and can't be stopped. The main point of importance is that the problem isn't fud itself, but the ignorant nature of the people being part of this market. That ignorant nature makes fud effective, and when you take people's ignorance away, fud will automatically lose its effectiveness as result. It's just a matter of logical thinking, really. Ignorance not being a factor anymore translates into stronger holders and a less volatile market. I however don't think we'll ever reach that state on our own, so stock market measures will need to be implemented on every regulated exchange. Whales will then adapt to that and work out a way to manipulate the market within the security trigger zones....

carter34

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Quote from: Aryadwipanggah on April 08, 2018, 10:47:49 PM

Many of the FUDs circulating about bitcoin seem to indicate the scouring of bitcoin users' trust on bitcoin so bad perceptions of bitcoin, especially for new users and selling bitcoin, which seems deterrent to use bitcoin, will the price of bitcoin be destroyed by FUD, How do you react to it?

Yes I believe it will but not for a long time. It will disconnect investors because they will be scared to come invest. However, it will not be a destruction that can earn the supreme control of bitcoin for a long time to come.

Washball

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FUD does influence. Some investors will ignore it, because they know where it's coming from and that it's false news. But some will get scared and panic sell, afraid to lose their money. FUD can be spread to get the bitcoin price down and it can be spread to try to eliminate bitcoin. This is mostly done by bank officials, because they're afraid they might lose control.

jahmes123

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No I don't think that it could destroy Bitcoin,
Maybe it could drive the price down but the market would surely recover after that and it has been proven from the past.

EmJay

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Quote from: Aryadwipanggah on April 08, 2018, 10:47:49 PM

Many of the FUDs circulating about bitcoin seem to indicate the scouring of bitcoin users' trust on bitcoin so bad perceptions of bitcoin, especially for new users and selling bitcoin, which seems deterrent to use bitcoin, will the price of bitcoin be destroyed by FUD, How do you react to it?

It may affect bitcoin in a small way because those investoes who are new in cryptocurrency are the ones most affected because they tend to sell their bitcoins whe they heard bad news about bitcoin becausw of FUDs but it can't bring bitcoin down. It can affect only a little.

DRVX

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Quote from: Aryadwipanggah on April 08, 2018, 10:47:49 PM

Many of the FUDs circulating about bitcoin seem to indicate the scouring of bitcoin users' trust on bitcoin so bad perceptions of bitcoin, especially for new users and selling bitcoin, which seems deterrent to use bitcoin, will the price of bitcoin be destroyed by FUD, How do you react to it?

I guess that FUD cannot totally destroy Bitcoin, but it can affect its price. Naturally, many people still believe in false information about the cryptocurrency, and it is a very bad thing. FUD must be stopped.

aisyah88

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Surely it will have an impact on high panic, which we know most people will always believe if there is someone who gives news stories lie or make the atmosphere becomes no longer good ..

rickadone

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Quote from: squatz1 on April 09, 2018, 12:09:40 AM

It matters how big the FUD is, who is spreading it, and who is believing it. If the FUD is big, something along the lines of people being able to steal bitcoin from a code problem in bitcoin -- that in and of itself is going to be a pretty scary claim for people -- plus if this is spread by mainstream media companies, I would think that this is going to be the nail in the coffin for bitcoin.

But let's say in the off chance everyone has lost faith in the MSM, then it doesn't matter what they say or report.

So yes, but the stars have to align in my eyes.

I would even rather stick to the fact you stated that 'WHO BELIEVES IT ?’
The thing is FUD generally cannot destroy bitcoin; otherwise we would not have been here today even after all that happened with MtGox, Bitstamp and the likes a long time back.

Yes, the market responds to FUD quickly than even good news, but it is generally part of the market and no matter what, it is something we have to always expect to happen and how we respond to it is all that matters within that short period.

shadowdio

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no bitcoin cannot be destroy because of FUD, but it can low the price of bitcoin if people fall for it. Bitcoin will increase if we don't listen the FUD.

justdimin

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Quote from: Aryadwipanggah on April 08, 2018, 10:47:49 PM

Many of the FUDs circulating about bitcoin seem to indicate the scouring of bitcoin users' trust on bitcoin so bad perceptions of bitcoin, especially for new users and selling bitcoin, which seems deterrent to use bitcoin, will the price of bitcoin be destroyed by FUD, How do you react to it?

If FUD was going to destroy bitcoin, I can assume bitcoin would have been destroyed hugely by now and there would have been nothing left.

FUD is something that is normal, most especially for every new market and that is what makes it stronger as far as I am concerned, as it keeps weathering those storms and getting better, then we keep seeing stronger investors who would not care based on experience. We have always experienced FUD, and it won't stop, but they are meant to just scare the weak ones.

Ale88

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Quote from: Aryadwipanggah on April 08, 2018, 10:47:49 PM

Many of the FUDs circulating about bitcoin seem to indicate the scouring of bitcoin users' trust on bitcoin so bad perceptions of bitcoin, especially for new users and selling bitcoin, which seems deterrent to use bitcoin, will the price of bitcoin be destroyed by FUD, How do you react to it?

I don't think FUD can destroy bitcoin but for sure it can really slow it down because people panic easily, after a while the hodlers are like "oh, China says they're gonna ban BTC, again, who cares".

CottonGuy

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Quote from: Aryadwipanggah on April 08, 2018, 10:47:49 PM

Many of the FUDs circulating about bitcoin seem to indicate the scouring of bitcoin users' trust on bitcoin so bad perceptions of bitcoin, especially for new users and selling bitcoin, which seems deterrent to use bitcoin, will the price of bitcoin be destroyed by FUD, How do you react to it?

With the support of the community people to bitcoin there's no FUD that can take it down. It may lower the value in a bit but still bitcoin won't die because of those FUDs. There are lots of new altcoins wanting to replace bitcoin so the devs can benefit from it.

I believe in bitcoin's technology so for me no FUD can tilt bitcoins nature since its technology has still so much to offer in the future.

btcCoincart

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Maybe maybe not!
You trade what you see, just base on chart not FUD lol! But if too much FUD then try to catch new bottom

Happy trading!

Supercrypt

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Quote from: pat4cryptoreal on April 09, 2018, 12:21:55 AM

No matter how guinue the FUD sounds it will never destroy bitcoin but it can only make the price to drop. Most of knows the truth about bitcoin.

So many FUDs that have sounded even more than genuine, and still the market still always get back up. I feel FUD is usually just a way some set of people try to use information to quickly drive down the price for their benefit, knowing how the market will respond quickly.

But the truth is that is how it would just always be, the short period and it will be over and the market recovers, those who panic, end up joining back as FOMOs, the market makers make money from the fluctuation and the market cycles that way once ina while, but destroying bitcoin like OP said, unless there is a news internet is going to be banned worldwide.

jimbo77

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If this is possible, then it would have happened along time ago, we have heard alot of FUD news about bitcoin and crytpo as a whole, news like Bitcoin is dead, news like the end of crypto in the world, news like india wants to ban BTC, we have seen so many FUD news and still seeing more daily, but that can't stop the existence of bitcoin because it's a free market.

btc_angela

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Quote from: Aryadwipanggah on April 08, 2018, 10:47:49 PM

Many of the FUDs circulating about bitcoin seem to indicate the scouring of bitcoin users' trust on bitcoin so bad perceptions of bitcoin, especially for new users and selling bitcoin, which seems deterrent to use bitcoin, will the price of bitcoin be destroyed by FUD, How do you react to it?

FUD has been with us ever since specially in the 3 years when bitcoin price experience a exponential growth. If FUD has the power to destroy bitcoin, we all wouldn't be here I guess.

If may have affected the market though, but its not enough to pull the price as bitcoin has been so resilient will all the negative rumors and will bounce back even higher after a fall because of FUD, it a nutshell, the effect will be just temporary.

lamcouz

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Government Legislation will be the main bitcoin killer, governments want to exercise control over BTC, something that is against the cryptocurrency policy. But Bitcoin survived negative media before and it will survive this one too. Prominent people such as Bill Gates and warren Buffet has also come out to express their luck of confidence in BTC, reducing their close followers' confidence in BTC,

soname12

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Quote from: leavolnhals on April 09, 2018, 05:55:53 AM

Quote from: Aryadwipanggah on April 08, 2018, 10:47:49 PM

Many of the FUDs circulating about bitcoin seem to indicate the scouring of bitcoin users' trust on bitcoin so bad perceptions of bitcoin, especially for new users and selling bitcoin, which seems deterrent to use bitcoin, will the price of bitcoin be destroyed by FUD, How do you react to it?

It can not destroy the bitcoin but it only causes the price of the bitcoin to drop for a certain period of time. The value of bitcoin is still not affected because the news is just a tool for sharks to suck money from investors.
So when you have bad news about Bitcoin, keep calm and hold on. That's just a shark's trap. Be carefull

I agree with you FUD is the catches coming from the shark wanting new investors to stick with. This is the best way to make a profit from new investors. To maintain the market and stabilize it, the sharks are creating a lot of traps.

Vannie12

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Not FUD alone I guess. Social media is a big factor that .any influence and affect the world of digital currencies. With people thinking that FUDs are true will lose their trust and may probably lower the demand of bitcoins or any other coins in the circulation that would lower the prices and would eventually pull the market down.
Since we are talking about destruction , I think FUD is just an external factor and would not affect the system itself to make the use of bitcoins stop.

786SehrishAkhtar

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I don't think that FUD destroy Bitcoin. Because It is A good and long lasting coin which always give profit to its investor. It Just demand Patience from its investors.

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