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Topic: Don't fell for FUD. Stand your ground bitcoiners! - page 2. (Read 1511 times)

legendary
Activity: 3122
Merit: 1032
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There will always be FUD since people spend a lot of their time doing anything possible to manipulate the market in their favor. 
It would be a cold day in Hell if everyone suddenly became honest and stopped telling lies for their own benefits. 
member
Activity: 672
Merit: 14
FUD is normally spread by people with limited or no knowledge in Bitcoin and cryptocurrency at large. These people are too impatient and think the crypto space is a get-rich-quick avenue, hence once they witness a dip in price of Bitcoin, they begin to spread false news that Bitcoin is dead. Thanks to OP, this thread is very informative.
full member
Activity: 602
Merit: 102
Fear, Uncertainty and doubt is a common syndrome to most investors, most especially the big investors. It is an emotion that gets hold of individuals even when they try not to give in. This can actually be curtained when you risk an amount you know you can path with.
sr. member
Activity: 1176
Merit: 301
You should know to control it ,
Learn to educate yourself don't let the fake news get you don't let the rumors control you.
sr. member
Activity: 1988
Merit: 275
I will stand on my own though I will listen to some fuds since it can move the market and if there’s a negative news expect for the price to dump. Bitcoiners should have their own strategies and don’t listen to any fud because it can make them more weak and it cause panic, so be knowledgeable enough.

Long time holders of bitcoin will not be affected by fud as they've gone through a lot of this already. And if you are a holder, it means you understand how crypto really works. So for me, I just ignore those FUD and continue what I am supposed to do.
sr. member
Activity: 2044
Merit: 314
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I will stand on my own though I will listen to some fuds since it can move the market and if there’s a negative news expect for the price to dump. Bitcoiners should have their own strategies and don’t listen to any fud because it can make them more weak and it cause panic, so be knowledgeable enough.
member
Activity: 785
Merit: 34
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So.

I've seen this in a thread:

lol @ the snicker comment but I'm sick of you crypto guys tricking regular people into investing in this scam.  There are not enough greater fools left for the price to go back up to 20k.  I know you guys are trying to get one last pump to dump on the noobs though.

And globally an increase of posts saying that it's the end. That the big scam is finished and that now it's just a deah fish. That it was all a global scam.

Now I don't care if some old traders are dumb enough to sell right now. This post is for all the newcommers that fear investing. When I first invested in 2015 I was worried and only bought up to 2 coins while I could have bought about a dozen rather easily. Now I'm still happy I've bought at this time but I would have loved if some old coiners managed to convince me to buy muuuuuuuuch more.

Here is why you should buy, and buy now:

-BTC is not dead. There is no reason for btc to die, the only way would be to stop all mining but that's simply not possible as anyone can mine, even you.

-Already 83% of BTC has been mined. That means a very small inflation. You need only a very small investment to keep the price of btc stable. That's not the case of dollars or euro you know... They get printed over and over...

-BTC has a real life purpose. Using WU to transfer money is hundreds of time more expensive than using BTC. BTC isn't made for daily purchases but it can handle large amount transfer like nothing else!

-Next halving is in less than two years: https://www.bitcoinblockhalf.com/
If you don't know what halving is, just remember that halving means less BTC mined means price increase.

-Market value is already in the 63 billions. For the price to stay the same, you need only a few billions considering the small increase of coins.

-Tons of coins get lost. I'm not even sure the number of BTC is actually increasing if you consider the people losing their private keys, the people dying without handing their coins, the amount of dust btc lost in small wallets...

-Not a single solution has been provided to avoid another world financial crisis. Banks and government are still exactly doing the same thing. And at the next financial crisis, when governments will have to print billions and billions to bail out the banks, what currency will not get inflation in any way? Yeah you goddamn right.

-For anyone in countries not 100% safe (means anyone except USA, France UK and Germany). Remember governments and banks simply prevented any citizen to get their money from their bank account with the Greek crisis. They will never be able to freeze your coins.


So don't be afraid. It's better than any other investment you could make.

Chill out, buy, and buy now as the price can only go up for the next halving.

Cheers.

This is for everyone to get the information, most bitcoiners don't give attention to FUD I my self I don't believe in FUD because it's give this emotional feelings to discourage you in the CRYPTO atmosphere.
copper member
Activity: 299
Merit: 1
Yes, fudder are everywhere, beginners need to be learn to hold on to their little beginning
jr. member
Activity: 244
Merit: 3
Falling for FUD is falling out of Bitcoin goodwill and such individual will not be rich in the world of cryptocurrency to presume. I have been holding my fraction of Bitcoin since last year and will continue till the market appreciate then I will sell.
copper member
Activity: 409
Merit: 1
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My choice is in crypto, so I will stay in any condition, and stay calm because crypto will grow again. I believe that crypto will be a beautiful day for me in the future.
hero member
Activity: 1820
Merit: 515
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This is true, and we need to be careful as well too. Because most of the time if you heard the news anything that are good to your hearing, it was most often in return its not true. So the basic things were you need to know always is that you supposed to to have a full knowledge in Bitcoin or blockchain, so in the end you can earn good in the future.
Having knowledge about bitcoin doesn't let us to earn more,only if we are skilled trader it will will happen but when someone hope that bitcoin will be future of payment they can start holding the coins as much as they can while the prices are cheaper.
sr. member
Activity: 784
Merit: 250
This is true, and we need to be careful as well too. Because most of the time if you heard the news anything that are good to your hearing, it was most often in return its not true. So the basic things were you need to know always is that you supposed to to have a full knowledge in Bitcoin or blockchain, so in the end you can earn good in the future.
legendary
Activity: 3514
Merit: 1280
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On another hand you can't rely on banks because you have zero control on money. Imagine bank froze your account, what can you do? Nothing. But who can freeze your bitcoin wallet? No one ever. You can save houndreads of money in very small tiny usb stick and save it saffely which is pretty comfortable compared to saving paper money in real life. Of course this doesn't mean we have to give up paper money, keep both because both of them are neccesary

It seems that people slowly come to understand this

And it is not just about banks freezing your account (though it is about that too, of course). Governments are notoriously famous for constantly stealing the purchasing power from common people. So even if your bank may not necessarily freeze your account, your government will do their job without fail. Bitcoin may go up or it may go down, but fiat money knows only one direction. You guess which
hero member
Activity: 2352
Merit: 905
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I agree with you OP, perfect explanation. Now some people call dumb to those who think price will reach 20K and higher, in past those people were called dumbs who thought the same but in reality these "dumb" people were right, bitcoin reached 20K and I highly believe it will surpass it. Halving plays a huge role in it too, less mined coins means rise in price in order to keep mining profitable. Also there is no reason to think bitcoin is dead because everytime it's integrated in a lot of services.
On another hand you can't rely on banks because you have zero control on money. Imagine bank froze your account, what can you do? Nothing. But who can freeze your bitcoin wallet? No one ever. You can save houndreads of money in very small tiny usb stick and save it saffely which is pretty comfortable compared to saving paper money in real life. Of course this doesn't mean we have to give up paper money, keep both because both of them are neccesary.
member
Activity: 574
Merit: 11
So.

I've seen this in a thread:

lol @ the snicker comment but I'm sick of you crypto guys tricking regular people into investing in this scam.  There are not enough greater fools left for the price to go back up to 20k.  I know you guys are trying to get one last pump to dump on the noobs though.

And globally an increase of posts saying that it's the end. That the big scam is finished and that now it's just a deah fish. That it was all a global scam.

Now I don't care if some old traders are dumb enough to sell right now. This post is for all the newcommers that fear investing. When I first invested in 2015 I was worried and only bought up to 2 coins while I could have bought about a dozen rather easily. Now I'm still happy I've bought at this time but I would have loved if some old coiners managed to convince me to buy muuuuuuuuch more.

Here is why you should buy, and buy now:

-BTC is not dead. There is no reason for btc to die, the only way would be to stop all mining but that's simply not possible as anyone can mine, even you.

-Already 83% of BTC has been mined. That means a very small inflation. You need only a very small investment to keep the price of btc stable. That's not the case of dollars or euro you know... They get printed over and over...

-BTC has a real life purpose. Using WU to transfer money is hundreds of time more expensive than using BTC. BTC isn't made for daily purchases but it can handle large amount transfer like nothing else!

-Next halving is in less than two years: https://www.bitcoinblockhalf.com/
If you don't know what halving is, just remember that halving means less BTC mined means price increase.

-Market value is already in the 63 billions. For the price to stay the same, you need only a few billions considering the small increase of coins.

-Tons of coins get lost. I'm not even sure the number of BTC is actually increasing if you consider the people losing their private keys, the people dying without handing their coins, the amount of dust btc lost in small wallets...

-Not a single solution has been provided to avoid another world financial crisis. Banks and government are still exactly doing the same thing. And at the next financial crisis, when governments will have to print billions and billions to bail out the banks, what currency will not get inflation in any way? Yeah you goddamn right.

-For anyone in countries not 100% safe (means anyone except USA, France UK and Germany). Remember governments and banks simply prevented any citizen to get their money from their bank account with the Greek crisis. They will never be able to freeze your coins.


So don't be afraid. It's better than any other investment you could make.

Chill out, buy, and buy now as the price can only go up for the next halving.

Cheers.
never believe in FUD or anything else if you believe that the future of Bitcoin is bright, just don't give up to the early cause bitcoin will always be there and become a cryptocurrency number one. so hold your bitcoin and invest more
jr. member
Activity: 378
Merit: 1
FUD is always there with bitcoin, we need to be prepared to overcome this. Whenever some form of negative news is getting rolled out of the community it needs to be analyzed. Because most of the time these negative things were put into circulation by the whales who intend to manipulate the market for their benefit.
Exactly, whales always produce negative news around bitcoin, they always want to use this tool to control the price of bitcoin according to their wishes, I have been in their trap for some time, I believe in news and news based action, I finally realized I was wrong. News in this field of crypto is always hard to distinguish from real and fake, we cannot trust because investors always want others to be losers and they are successful people, so, instead of looking at too much news, we should trust our choices and thoughts, believe in bitcoin
sr. member
Activity: 1246
Merit: 255
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FUD is always there with bitcoin, we need to be prepared to overcome this. Whenever some form of negative news is getting rolled out of the community it needs to be analyzed. Because most of the time these negative things were put into circulation by the whales who intend to manipulate the market for their benefit.
full member
Activity: 1624
Merit: 163
They are just trollers trying to shit on this newbies. I'm sure many are going to have doubts because of misinformation and false accusation about Bitcoin. Well, thanks to this thread, it helped someone removing their doubts. But to be honest, Bitcoin is like a double-edge blade, it could be the worst and the best investment that a person could have.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
So theoretically you could expect a lot of interest in these exchanges. But somehow there's not much. And I think it will be the same with atomic swaps (either through smart contracts or in some other way), i.e. people won't be interested in these. And that's the reason we are not going to see a lot of development here either

the biggest problem in that front is that centralized exchanges are making money so they keep staying ahead of the game while decentralized exchanges won't make money. and everyone nowadays wants to make money that is why they develop in first place. the days of Satoshi are over where the developers created things to change the world not for financial gains.
and the worst part is that even if they are paid, they create some sort of shittoken in the name of decentralized exchange with ICO or something like that and don't deliver anything because they made the money they were looking for

Merited your post as this is what I've been telling folks for years

I had even created a topic here after Bitfinex got hacked in August 2016 when over 120k bitcoins were stolen. People were nodding their heads in agreement and nothing has changed since then. A truly decentralized exchange is only possible on the blockchain level when your desktop wallet functions as that exchange. But no one is financially interested in this kind of thing since there is no way you could profit off it, apart from running an ICO fraudulent scheme as you correctly note

in a way i still believe that this can change in the near future though.
the decentralized and open source community is much bigger and better than what we have been seeing so far which has been mostly greed. things like bitcoin which are created to change the world not the creators pocket size, happen rarely but they do happen. that is why i believe eventually this tide will turn and we start seeing some better developers enter the space with motivations to improve the system not just make money from it.
...and then we will see stronger decentralized exchanges, much better alternative cryptocurrencies and lots of innovation

For some time I believed in that too

Especially, when Bitfinex got hacked. I thought like wow so many bitcoins had been stolen, so why not spend a couple bitcoins to build a truly decentralized exchange? But now I basically lost that hope. Bitcoin has been around for over 10 years already and most of that time exchanges had been hacked (or had been scamming)

Personally, I'm trying to avoid these risks by limiting my exposure via shorts, i.e. by keeping only part of my stash in an exchange's account as a collateral (that exchange is Bitfinex) and trading with shorts mostly. But in the case of a major hack like the one described above, I will still be hit severely

I'm not against to bitcoin but just highlighting practical issues as of now people need to face if they deal with bitcoins and they can't exchange bitcoins to fiat easily when they need money

To make things easier, you may try your luck with Bitcoin payment cards (I didn't try them myself, so you are on your own here)
member
Activity: 574
Merit: 12
we should indeed stand our ground and give a deaf ear to all the FUD which pops up on a daily basis on different sites and social media platforms about bitcoin. Bitcoin is an extra ordinary technology which has so much to give to the world. we will get to witness its growth as time goes on no matter what form og FUD arises.
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