Topic: FUD FUD and more FUD - page 4. (Read 596 times)
I think the reason it went down is because it simply ran out of room to go up. In order to continue going up exponentially it would be worth trillions of dollars and have to start competing with first world national currencies and realize it's dream of taking over fiat money but the adoption isn't anywhere near that level yet. This was all a fantasy. Sometimes you have to take a step back from the craze of what is going on with the short term markets and look at these macro fundamentals.
This is the real reason why bitcoin been battling down its price and have decreases until now. FUD doers is really happy at this moment that it’s working because of those weak hands investors that’s been targeted and victimized to this issue without a glimpse of truthfulness. It is our mission now to spread that bitcoin still the most profitable cryptocurrency.
Only time will tell I guess
This is really usual some people would sure go with spreading FUD on the Forum, News and in the internet so they can manipulate the value of bitcoin so it can go down for them to buy cheap, this is mostly what others do and sometimes whales or a well known someone will sure do this so they can buy cheaper bitcoin, I would say to don't trust it and have faith in bitcoin in making another All Time High!
It did not go to $470 in November 2015 because of retail investors. That was a whale deciding the bear market was over.
You just exactly described my relatives who signed up on coinbase during the peak in a panic and asking me for advice. "What is litecoin? Should I buy this? Will it keep going up so I can double my money? What is bitcoin cash? Should I buy? Werent you in that before? What is Ethereum? Should I buy? Woah wtf is happening to btc? Im down. Ok I just bought ripple. Can you explain ripple to me now? This isnt working. I need you to trade for me."
lol
I kind of see now why we rushed from 10k to 19,5k and then went suddenly down again
it did that for the same exact reason why it rushed from $3000 to $7800 and then suddenly down again to $5400 (November 2017)
oh wait it is not done yet. the same reason was again when it rushed from $2000 to $4900 and suddenly down to $3100 (September 2017)
you thought i was done? haha big mistake.
the same reason repeated when price rushed from $890 to $2700 and suddenly down to $1800 (May 2017)
haha, i can go all day long with the same reason when price rushed from $450 to $778 and suddenly down to $550 (June 2016)
and finally from $200 to $470 and back to $360 in November 2015
we even had the same reason back in August 2012 when price went up from $6 to $16 and suddenly dropped to $10
i let you find these and more on the charts yourself...
call it FUD, manipulation, fluctuation, pump and dump, bubble, newbies FOMO/PANIC, whale shenanigan, winter is coming, bitcoin is dead, bitcoin is king, normal market movement, natural adoption curve, blah blah! it doesn't make any difference. that is what has been happening forever.
It is juste normal things in trading.
Sell high, buy low.
Sell high, buy low.
You just exactly described my relatives who signed up on coinbase during the peak in a panic and asking me for advice. "What is litecoin? Should I buy this? Will it keep going up so I can double my money? What is bitcoin cash? Should I buy? Werent you in that before? What is Ethereum? Should I buy? Woah wtf is happening to btc? Im down. Ok I just bought ripple. Can you explain ripple to me now? This isnt working. I need you to trade for me."
lol
I kind of see now why we rushed from 10k to 19,5k and then went suddenly down again
I told my mom to invest in 10k USD in BTC in 2016, and she laughed.
Just a few days ago, she invested 10k in BTC and other alts.. that is the only part of me that feels a real bear market coming.
Just a few days ago, she invested 10k in BTC and other alts.. that is the only part of me that feels a real bear market coming.
You just exactly described my relatives who signed up on coinbase during the peak in a panic and asking me for advice. "What is litecoin? Should I buy this? Will it keep going up so I can double my money? What is bitcoin cash? Should I buy? Werent you in that before? What is Ethereum? Should I buy? Woah wtf is happening to btc? Im down. Ok I just bought ripple. Can you explain ripple to me now? This isnt working. I need you to trade for me."
well this is an ugly truth regarding bitcoin price and its market. it is filled with a lot of newbies who mostly want to get rich overnight so they sign up on places like coinbase for the ease of use to buy hold and dump at the same place. they never even know what they bought and sold! it may as well be some fake numbers on their screen...
but this is how it is. there is not much we can do to change it. as long as the market is filled with idiots, it will be easy to spread FUD and make them sell their coins cheap and generally make irrational decisions.
knowing that it is How I Learned to Stop Worrying and Love FUD
but this is how it is. there is not much we can do to change it. as long as the market is filled with idiots, it will be easy to spread FUD and make them sell their coins cheap and generally make irrational decisions.
knowing that it is How I Learned to Stop Worrying and Love FUD
The issue with all this problem is that most people who are creating fud over bitcoin are those who are not informed about what is really happening on the market, that is it.
And they are the first ones to sell when there is a panic scheme.
And they are the first ones to sell when there is a panic scheme.
When you invite the mass of idiots to invest it is a double edged sword. They are only following the hype and they dont really even know what bitcoin is or how it works. For this same reason they will just as easily invest in whatever else is trending like Ripple and there is no way you will be able to convince them otherwise and you just end up sounding like a pretentious hipster asshole. The future is the government trying to kill crypto by having the media make everyone think something else is bitcoin - something owned by Bank of America that transacts instantly - while quietly passing regulations that make the real Bitcoin harder and harder to use.
It's already pretty hard to use imo. I want to keep as little fiat as possible, but that is just not possible because bitcoin cannot be used for everyday items. It's only good if you're buying a Lamborghini or benz....
When you invite the mass of idiots to invest it is a double edged sword. They are only following the hype and they dont really even know what bitcoin is or how it works. For this same reason they will just as easily invest in whatever else is trending like Ripple and there is no way you will be able to convince them otherwise and you just end up sounding like a pretentious hipster asshole. The future is the government trying to kill crypto by having the media make everyone think something else is bitcoin - something owned by Bank of America that transacts instantly - while quietly passing regulations that make the real Bitcoin harder and harder to use.
Was at a BBQ a few days ago and Bitcoin was a hot topic.
What had really frustrated me was when someone said "I read the creator of Bitcoin has sold all his BTC, Bitcoin is going down". I was WTF are you reading?, then i remembered the story of the founder of bitcoin.com sold all his BTC. Had to explain that he wasn't the creator of BTC. No one knows for sure who created BTC etc etc.. That, what he had ready was FUD FUD and more FUD!
Then last night, the same thing from someone else! "Creator of Bitcoin has sold all his BTC" and he started to push XRP is the way to go. That was when i really lost it! and told him to go FUCK himself.
We are losing the FUD battle! This is bullshit. It is causing potential new users to opt out of BTC and possibly into alt-coins.
Sly
What had really frustrated me was when someone said "I read the creator of Bitcoin has sold all his BTC, Bitcoin is going down". I was WTF are you reading?, then i remembered the story of the founder of bitcoin.com sold all his BTC. Had to explain that he wasn't the creator of BTC. No one knows for sure who created BTC etc etc.. That, what he had ready was FUD FUD and more FUD!
Then last night, the same thing from someone else! "Creator of Bitcoin has sold all his BTC" and he started to push XRP is the way to go. That was when i really lost it! and told him to go FUCK himself.
We are losing the FUD battle! This is bullshit. It is causing potential new users to opt out of BTC and possibly into alt-coins.
Sly
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