Can FUD destroy bitcoin? - page 21. | Bitcointalksearch.org

Rose119

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Quote from: jerrysmith on April 09, 2018, 07:13:16 AM

I don't think so becuase if u look at the previous graph of btc u see lots of fud and panic news but btc never destroy . so Bitcoin will not be destroyed.

Yes i agree. Bitcoin never destroy just because of FUD, as long as bitcoin prove to us that it is a good coin and investing in bitcoin is really get profit it will never destroy.

udayantha11

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2023 would most likely be as bearish as 2022

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 is something for temporary. due to FUDD newbies get panic and sell the portfolios. for short time crypto currecies including bitcoin going to be red, but long run then acceptable.

Semaj123

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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

FUDs will always be present especially if someone are getting more popular and we know crypto is becoming more popular so I think this is normal. The only thing we should do is to always not quickly believe by some news that aren't even giving reasonable proof. Not all people are in favor in crypto so we should expect with this kind of problems.

qiman

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FUD may or may NOT kill Bitcoin. That all depends o the spirit of the People. If people run after Bitcoin only for its speculative value, then yes, FUD will easily kill Bitcoin in the end because if the price drops to 0 no one except some very clever whales will want to invest in it. FUD works on the mainstream populations as does the mainstream Media spread all the bad news very fast to all the people, everywhere. Only if people believe in the whole idea BEHIND BITCOIN, then FUD can never destroy Bitcoin because Bitcoin will rule in the hearts and minds of us and not be moved.

coin-investor

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I don't think so Bitcoin was pronounced dead hundreds of times before but it keeps moving fuds will always be here because the other side of Bitcoin is its volatile price which can be manipulated by bad news and people's spreading lies and bad news

jerrysmith

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I don't think so becuase if u look at the previous graph of btc u see lots of fud and panic news but btc never destroy . so Bitcoin will not be destroyed.

tee-rex

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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 cannot destroy bitcoin but it can heavily impede its development and adoption, especially in the early phases as of now. In practice, that means price crashes, people frustrated, market sentiment below zero, but ultimately the truth will come out so that fudsters will be kicked out and laughed at. All that matters at the end of the day is real utility, and bitcoin as well as other cryptocurrencies do provide it. Despite being mostly a speculative asset these days, bitcoin remains a viable means of payment across the world.

I think we should just wait until the dust settles.

ladydark

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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 would only affect newbies who don't have enough knowledge about bitcoin and they just become victims of big whales which the FUD spreaders expect.It would just increase the fluctuation in bitcoin price temporarily and it does not have enough power to destroy bitcoin.Otherwise by this time,bitcoin would have got destroyed hundreds of time. The

weertgilders

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No it cannot. It can affect the price though and sometimes to great lengths but there is no way that bitcoin will be destroyed due to people spreading FUDs.

leavolnhals

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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 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

brickafterbrickwalldpt

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I don't think that FUD can destroy Bitcoin completely, it can certainly damage it a bit. People are way to emotional when it comes to investing money. It is fairly easy to invest in cryptocurrencies and that's why many inexperienced people decide to buy Bitcoin. People are not well educated, they spend their money on something they actually don't understand at all and later they blame someone or something else for their mistake.

Oasisman

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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?

Absolutely NO. Does everyone really believe that FUD is a huge factor for the price to decline?. FUD only plays a very tiny role in price manipulation. Huge factors are, whales who dump big time, regulations, banning of exchange, and minimizing the use of cryptocurrencies. Below all that is FUD. Its just that, FUD is very annoying specially when Bitcoin is facing a bear run.
To answer your question, FUD cant destroy Bitcoin alone.

davhek

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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 actually believe Bitcoin is super strong to FUD. Yes, the price dropped, but it is more cause of manipulation than FUD. If you compare BTC to any other company, you will see how strong it is. Just take a look what happened to Snapchat over just ONE tweet! Or when eBay said they will not renew the contract with paypal. FUD affects, but not as much as to the other companies.

onrise

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Quote from: Lan75 on April 09, 2018, 04:10:40 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?

FUD certainly had an effect on the cryptocurrency i think because there people who just can't withstand negative news resulting to panic selling which in turn could make them lose money. FUD can affect the market but it can't destroy bitcoin.

Mostly this media creates a huge FUD with providing wrong information or half information and due to this people gets panic as they understand half or get wrong information and this creates a dip in the market. This has happened time and again and very difficult to get away with it.

selezneve

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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 do not think that FUD can have long term effect on the prices of bitcoins. In the past 8 years we have seen news like :

-- Bitcoins is juts a bubble.

---Bitcoin is a ponzi scheme

--- Bitcoin is launched by US government to eliminate huge debt in their country

--- Bitcoin is being used by criminals and for other illegal activities

Many other similar news has been shown in media and posted online but bitcoins is still growing strong.

Lan75

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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 certainly had an effect on the cryptocurrency i think because there people who just can't withstand negative news resulting to panic selling which in turn could make them lose money. FUD can affect the market but it can't destroy bitcoin.

vv181

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Somehow it can completely affect the market condition because the truth is many Bitcoin traders/investors are still lack understanding of Bitcoin as a financial asset, and we must respect that Bitcoin is yet still a highly speculative asset. But for completely destroy BItcoin as the whole term it would be impossible.

sheenshane

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Quote from: maianh09 on April 09, 2018, 03:29:51 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?

FUD cannot destroy Bitcoin, FUD can make Bitcoin difficult and go down quickly, but it can not destroy it. I believe many big investors will not care about FUDer because they know that if it goes down, they can buy at lower prices instead of worrying and selling them all.

I think FUD make an effect about 20% of bitcoin price movement but that is not totally accurate, old investors are more than the newbie investors so if newbie are do panic selling while those old investors investing while the price is down. So at this moment even though how many FUD's news broadcast by the media bloggers is, still, bitcoin exist due to decentralized and that asset people trust bitcoin and embrace.

ballerin and giroud

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Not all people who have invested in cryptocurrency is stupid person, maybe some investor who don't have knowledge about cryptocurrency he will believe that. So, the FUD wouldn't make the price bitcoin distroyed, it's very imposible. If investor who have knowledge about cryptocurrency and he get information the he will reviewing the truth of the news (FUD or not). But a person who don't have knowledge about investment in cryptocurrency they will believe instantly and will sell his investment.

jimmydvd

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In my opinion bitcoin can not be destroyed by FUD because bitcoin is a system that does not know FUD so if according to my view continue to preach about positive things about bitcoin that much advantage if we use it.
Thank you.

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