Creating FUD? Whats is the primary used!

mindrust

legendary

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Quote from: masterrex on August 24, 2018, 02:37:39 AM

Its almost everyday i was able to read more negative news about the Crypto-currency related article and some of the people get easily believe it. the next couple of hours its a dumping season begins. question is this a nature of Cryptocurrency relying on the News outside? i believe the crypto capability is more than this.

News definitely affect crypto prices but there are strong support levels on bitcoin where the supporters are simply immune to any kind of bad news.

I mean you could say China banned btc and tomorrow USA bans it and tomorrow Japan, it will go down and down but will never ever be zero. Some people will just see it as an opportunity to buy more.

reactorjuno

member

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Quote from: masterrex on August 24, 2018, 02:37:39 AM

Its almost everyday i was able to read more negative news about the Crypto-currency related article and some of the people get easily believe it. the next couple of hours its a dumping season begins. question is this a nature of Cryptocurrency relying on the News outside? i believe the crypto capability is more than this.

It's been like this pretty much since the beginning, but the most basic advise is always the same: "buy when everyone sells, sell when everyone buys". Altcoins are going through a terrible year but I am confident 2019 will be better, September could be the right moment to invest carefully in some coins.
But I don't think media are the only causes of this, actually a lot of the bitcoin price movement + altcoins can be explained by chart analysis, it's crystal clear to me that bitcoin price since March/April has been depending a lot on technical analysis.

masterrex

full member

Activity: 1820

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Its almost everyday i was able to read more negative news about the Crypto-currency and some related articles and most of the people are easily believe it. the next couple of hours its a dumping season begins. question is this a nature of Cryptocurrency relying on the news outside? i believe the crypto capability is more than this.

Topic: Creating FUD? Whats is the primary used! (Read 105 times)