Topic: Can FUD destroy bitcoin? - page 8. (Read 1616 times)
FUD stands for Fear, Uncertainty, and Doubt. FUD can cause the price of a coin to drop, not based on fundamentals or charts, but based on bad news that spreads around social media. We have already seen that happening few months ago when the price of Bitcoin dropped heavily. But I don’t think so it can destroy Bitcoin completely. People have become more aware about the entire concept of FUD. so FUD can no more destroy Bitcoin.
Maybe years ago it could but now and in future no ,i dont think,it would, people more and more informed so its coming dificult for FUD ers have any success.
How do I react to FUD that destroy bitcoin?. I thinks this is their way of diverting other people's mind into something away from bitcoin or bring confusion to it is also their way to get other investor's attention, creating doubt, speculation, rumors and so on and so forth..my response it to be still and know the truth and learned.
Basically in cryptocurrency FUD is a marketing strategy. The emergence of FUD followed by a drop in bitcoin prices. There is a possibility that FUD can destroy bitcoin, especially on user portfolio. But the adverse effects of FUD can be avoided by refraining from anger and fear, eliminating all assumptions. Share positive news instead. Then stabilize trading strategy. the more we understand the market situation, our strategy will also grow.
I think FUD can never destroy bitcoin. As we see the past FUDs and bitcoin remains standing. In my opinion FUD cannot destroy bitcoin, but only those investors who have weak hands.
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 won't destroy bitcoin. But people will always be afraid because they are invested in bitcoin. And money is involved so they will be afraid. That is why prices go down because a lot of people sell when there is bad news. Fud or not.
FUD generally can influence the price of Bitcoin a lot, but it cannot destroy it. Cryptocurrencies are so heavily adapted in the world that nothing can destroy them. That is the basic rule that everybody should be aware of during a market crash - bitcoin and cryptocurrencies are not going anywhere - they are still here even if they lose 95 % of their value. FUD can put the price of bitcoin to 1k, the FOMO can push it to 100k, but bitcoin will be always here!
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 totally destroy bitcoin at all. Because fud is just a part of information dissemination process which in fact gives a positive effect on the development of bitcoin. Yet, it could also cause certain confusion on bitcoin as a form of cryptocurrency in the market because some information could be rather be truth or lies. 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 isn't about personal fear or uncertainty for bitcoin, it's about uncertainty how the rest of the market will react to FUD.
If I think the majority of people are uncertain with the current state of bitcoin at any given point in time, then I would sell. I am a long term believer in Bitcoin - but I'm going to sell if the rest of the market is in a panic about something completely ridiculous (such as the block size, SegWit, or any other factors that simply WON'T KILL BITCOIN). If Mt. Gox, Silk Road, etc. didn't kill Bitcoin then why are earth are we panicking over something like this? Stay logical, guys. Remember, Bitcoin is malleable and can adjust to fit circumstances and it will continue to progress - and that's exactly what we are seeing with the implementation of SegWit.
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 may lower the price of bitcoin but it won't destroy bitcoin. Too many users know a lot about bitcoin and also helping spread real news and helping out people who doesn't understand Blockchain tech.
FUD will never reduce the value of Bitcoin. Because they are just fake rumors that make investors' psychology more anxious and sell off. Then the great sharks will take advantage of the opportunity to buy a lot of cheap coins.
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 so that FUD can destroy bitcoin valuation, the flactuation in the valuation is entirely the function of number of investors investing into bitcoin and another factor that plays a major role in flactuation in valuation is the whales that invests a huge capital into bitcoin, during last past 4 months the valuation of bitcoin has deflated to very great extent and resulting in that number of people are losing trust on bitcoin but now bitcoin is again getting back onto its track and valuation started inflating again.
I do not agree, of course, after the great fall of this great cryptocurrency, the level of confidence decreased, but now bitcoin is also trying to gain previous positions in terms of prices in the cryptocurrency market.
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?
FUDs plays a great factor in the prices because it promotes panic selling. Sadly, this makes the prices go lower and the market slower. To fight the fear, uncertainty and doubt you must practice patience. FUDs are internal so individually, you should focus more on the investments and not in your negative thoughts. Never let those negative thoughts eat you nor your investment.
Momentarily maybe but not totally. So many events that causes FUD have a great impact on bitcoin, users naturally responded by doing panic selling but it actually returns back to the usual or normal level when FUDs are clear.
Yes, FUD can destroy bitcoin. This can happen when bitcoin has a very high cost. When the manifestation of high bitcoin volatility coincides with the appearance of false or simply negative news, some bitcoin holders may panic and begin selling their bitcoins in order to reduce the possible damage. The bitcoin will begin to fall faster in price and then the domino effect will work, as a result of which bitcoin can depreciate completely.
we already have seen too many times FUDs damage bitcoin but also we have seen how strong bitcoin is so my answer is a big NO .
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?
This is the main problem that this industry is facing. If our people itself inside this community is affected by UFD, it will definitely result in panic selling. It is hard to control your urge to sell it and it so easy to spread UFD especially that nowadays, everything is open and everyone has to say. My advice is to keep faith and keep holding on your investment.
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 it could, but it would have to be something massive. However, I don't see it happening. On the contrary FUD in the news, online, etc. introduces many people to Bitcoin, and curiosity might make them read more about it and even venture into investing (some will panic and sell right away, while others will stay for the long term).
i don't think so 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 and 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.
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