FUD-slingers saying 20K this weekend...

pilosopotasyo

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Quote from: Obito on June 18, 2021, 04:17:04 AM

What week are they talking about? Bitcoin is still on the good numbers of 38k this week and no sign to me that it will go down anytime soon. Also, this FUD slingers just wants to feed off the fears that they can get by spreading bad news so ignoring them is the best thing to do.

We cannot stop people from spreading rumors and FUDS many people are profit-driven and guided by the principles buy low sell high after they sold all their coins in their high they will now create FUDS to start the market from dropping.
I don't see BItcoin going down any further than $28k, there's a strong buying in the $30k level.

DU18

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Quote from: DaC0nsumeR on May 28, 2021, 05:43:43 PM

I hope this does not overlap too much with other recent threads.

Been seeing market analysis that points to aggressive sellers, then some typical CNBC nonsense, then Scott Minerd on Twitter posts the following: "Crypto investors be warned: be prepared for a volatile holiday weekend."

Looking for your market readings for the next three days.

Is this just FUD for FUDsake, game playing, or are big sellers going to try and dump the price this weekend?

To be honest, I also saw some posts on cnbc related to crypto speculation so far, but I never took what was contained in the news site cnbc too seriously, even I saw what they said was not what is happening in the market today and according to I think they are trying to spread FUD to bring down crypto all this time.
I personally prefer to analyze prices in the market to determine which direction bitcoin will go and maybe look for references from various sources that are accurate and neutral in seeing crypto developments so far.

ene1980

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Quote from: Expecto on June 17, 2021, 06:42:01 PM

Actually, I have near zero expectation in this way. The price is just stuck between 35k and 40k dollars. It seems like we've entered the bear market but many of us (including me) are not aware of it yet. I think the price won't decrease that much but it will continue to be stuck at these levels.

The price is stuck between $30k to $40k and you think that it is a bear market, you need to remember that the price of Bitcoin was below $10k a few months ago and right now we are three times over that valuation and everyone is thinking that it is a bear market which is silly. I am not expecting any one could predict any dates when the price would rally again or when it will go down below $20k but avoid getting convinced by FUD.

stomachgrowls

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Quote from: pilosopotasyo on June 26, 2021, 07:50:24 PM

Quote from: Obito on June 18, 2021, 04:17:04 AM

What week are they talking about? Bitcoin is still on the good numbers of 38k this week and no sign to me that it will go down anytime soon. Also, this FUD slingers just wants to feed off the fears that they can get by spreading bad news so ignoring them is the best thing to do.

We cannot stop people from spreading rumors and FUDS many people are profit-driven and guided by the principles buy low sell high after they sold all their coins in their high they will now create FUDS to start the market from dropping.
I don't see BItcoin going down any further than $28k, there's a strong buying in the $30k level.

Dealing with this market would really be composing of those fuds and hype which would somewhat affects bitcoin price and of course since we do have different analysis then someone would really be taking
those fuds as part of fundamentals aside on seeing some bearish point into their technicals.

Even myself did really have some bearish view on last week which i did eventually able to get in on 30k price and my gut telling me that there might be some bear trap because theres significant volume or strong support
into this level and i was right. The price hadnt dropped that much.

It did eventually make out some recovery and made out some easy profits in a short time. FUD slingers? You would surely lose money if you do rely with those informations.

gabbie2010

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Quote from: ILuckyGuyI on June 17, 2021, 06:55:21 PM

Everything can happen in this market. So, I can't say that there is no way to see $20k soon. As long as FUDs continue to happen, there will always be a possibility for it also. But I feel like we've already seen the dip and it won't be worse than this.

The price of Bitcoin had not gone beyond $29K since those FUD-slingers gave their own predictions, after several attempt to break the support at $29K the price got rejected we have seen enough dip thus the tendency of price reaching $20K is not likely and feasible for now however the storm is not over yet this a result of backlash from China clampdowns on miners and banks closing down cryptocurrencies related businesses there is no green light for a possible bullish market sentiment the fundamental that would trigger the possible market turn around is uncertain.

zanezane

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Quote from: Obito on June 18, 2021, 04:17:04 AM

What week are they talking about? Bitcoin is still on the good numbers of 38k this week and no sign to me that it will go down anytime soon. Also, this FUD slingers just wants to feed off the fears that they can get by spreading bad news so ignoring them is the best thing to do.

Sure as hell that this isn't the week that they are talking about too but if the prices are going to that point, I am pretty sure that they will take the credit for it even though they predicted that it will at a wrong time.

John999

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Quote from: DaC0nsumeR on May 28, 2021, 05:43:43 PM

I hope this does not overlap too much with other recent threads.

Been seeing market analysis that points to aggressive sellers, then some typical CNBC nonsense, then Scott Minerd on Twitter posts the following: "Crypto investors be warned: be prepared for a volatile holiday weekend."

Looking for your market readings for the next three days.

Is this just FUD for FUDsake, game playing, or are big sellers going to try and dump the price this weekend?

I'm bearish on crypto long term but seeing all the obnoxious bears coming out after a 50% drop with a $0 price target tells me what's next 😏

wxa7115

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Quote from: Quidat on June 17, 2021, 06:32:26 PM

Quote from: Bilgent on June 17, 2021, 05:47:31 PM

There are always that kind of people and will always be. Everybody has their own predictions. I don't expect the price to go down to $20k soon honestly. I think that we will continue to see the same levels for some time more. And later, the price will start recovering.

There would be always those no coiners on where telling those negative things continuously without minding about the truth that the price couldn't really go that
low in a short span of time.They can call all they want but they would really be saying to themselves that they were wrong as the price didn't really get that low.
Just let them be and believe on what they do believe because they would realize that things aren't supposed to go on what they do believe.
There would be always those fud slingers no matter what market you are engaging on and this isn't something new and you should really need to deal with it.

The no coiners really bother me, at least with those that are holding some coins you can tell they have some skin in the game so even if we disagree with them and their predictions you know they have something at stake, but no coiners keep spreading their opinions and try to generate FUD when they do not get anything out of it.

Another thing is those no coiners really do not know anything about the market, they keep claiming bitcoin is dying or already dead without taking into account this has been said many times in the past and yet bitcoin is still here.

Erdogan

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Quote from: Obito on June 18, 2021, 04:17:04 AM

What week are they talking about? Bitcoin is still on the good numbers of 38k this week and no sign to me that it will go down anytime soon. Also, this FUD slingers just wants to feed off the fears that they can get by spreading bad news so ignoring them is the best thing to do.

This thread was created three weeks ago, so the prediction didn't come true anyway.
Such statements do not surprise me at all, because everyone who sold at higher price, wants to buy back as cheaply as possible, so it is obvious that they write like that.
FUD is part of every financial market and I can't even imagine that it will ever stop being part of speculation. We have to get used to it and just like you wrote, just ignore it.

Obito

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What week are they talking about? Bitcoin is still on the good numbers of 38k this week and no sign to me that it will go down anytime soon. Also, this FUD slingers just wants to feed off the fears that they can get by spreading bad news so ignoring them is the best thing to do.

ILuckyGuyI

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Everything can happen in this market. So, I can't say that there is no way to see $20k soon. As long as FUDs continue to happen, there will always be a possibility for it also. But I feel like we've already seen the dip and it won't be worse than this.

SaShiRaJaVu

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Quote from: kapalmabur on June 17, 2021, 01:45:10 PM

there will be no more $20000!, there are already a lot of people who want to buy Bitcoin at a price of $20000 to $25000,
and of course the whales already know this, and maybe the price of Bitcoin will fly off before the bears appear,
so remember! play the game of whales, and don't play alone

Looks like you are confident in the market and i will be surprised if the price of Bitcoin will sustain above $20000 when the bear market starts as you need to remember that it is the old all time high and everyone is expecting the market to trade well above the last all time high Grin

.
I am not expecting a major correction in the coming months but we might reach those valuation at a later time.

I did not understand what you mean by playing with the whales and no playing alone, if you could explain that it could be great. Whales pump and dump the coins and it is difficult to predict when that would happen.

Bilgent

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There are always that kind of people and will always be. Everybody has their own predictions. I don't expect the price to go down to $20k soon honestly. I think that we will continue to see the same levels for some time more. And later, the price will start recovering.

Expecto

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Actually, I have near zero expectation in this way. The price is just stuck between 35k and 40k dollars. It seems like we've entered the bear market but many of us (including me) are not aware of it yet. I think the price won't decrease that much but it will continue to be stuck at these levels.

Vaculin

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Winding down.

Quote from: DaC0nsumeR on May 28, 2021, 05:43:43 PM

I hope this does not overlap too much with other recent threads.

Been seeing market analysis that points to aggressive sellers, then some typical CNBC nonsense, then Scott Minerd on Twitter posts the following: "Crypto investors be warned: be prepared for a volatile holiday weekend."

Looking for your market readings for the next three days.

Is this just FUD for FUDsake, game playing, or are big sellers going to try and dump the price this weekend?

Well, it's up to the people to believe what they say. I think they are old enough not to understand the situation.

These scammers and FUDders will find their way to ruin the market and badly influence the minds of the people. Their tactics are old enough for us to win, no, they don't. In fact, if we look into the market, we can never see a huge decline despite that negativity. Apparently, people had already known what a thing need to respond to and a thing that is reliable.

Quidat

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Quote from: Bilgent on June 17, 2021, 05:47:31 PM

There are always that kind of people and will always be. Everybody has their own predictions. I don't expect the price to go down to $20k soon honestly. I think that we will continue to see the same levels for some time more. And later, the price will start recovering.

There would be always those no coiners on where telling those negative things continuously without minding about the truth that the price couldn't really go that
low in a short span of time.They can call all they want but they would really be saying to themselves that they were wrong as the price didn't really get that low.
Just let them be and believe on what they do believe because they would realize that things aren't supposed to go on what they do believe.
There would be always those fud slingers no matter what market you are engaging on and this isn't something new and you should really need to deal with it.

Hippocrypto

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Quote from: DaC0nsumeR on May 28, 2021, 05:43:43 PM

I hope this does not overlap too much with other recent threads.

Been seeing market analysis that points to aggressive sellers, then some typical CNBC nonsense, then Scott Minerd on Twitter posts the following: "Crypto investors be warned: be prepared for a volatile holiday weekend."

Looking for your market readings for the next three days.

Is this just FUD for FUDsake, game playing, or are big sellers going to try and dump the price this weekend?

The bear market is not that significantly strong, so we need not to worry about those fud slingers. Keep that strong mindset, and don't forget to build a strong faith towards cryptocurrency. Even though you've been shaking because of several factors that hinders your actions, make it as a good foundation to pursue success with determination.

Saisher

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Quote from: kapalmabur on June 17, 2021, 01:45:10 PM

there will be no more $20000!, there are already a lot of people who want to buy Bitcoin at a price of $20000 to $25000,
and of course the whales already know this, and maybe the price of Bitcoin will fly off before the bears appear,
so remember! play the game of whales, and don't play alone

Honestly, I want to buy more and wishing it will drop but it's not good for the market to drop at that level now, we have our chance last year when there was a crash because of the news of pandemic, we have good momentum now, the investing climate is good now why FUD the market to drop to $20k level we will have a bear market but I don't expect it to come sooner.

Oasisman

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Quote from: wxa7115 on June 17, 2021, 01:02:59 PM

Quote from: inoes on June 16, 2021, 06:36:55 PM

~snip~

This means we need to wonder why FUD is so effective and this is not difficult to know, a great deal of those that are investing in cryptocurrencies do not really have a lot of experience which means that as soon as something goes in the wrong direction then they panic and they sell.

And when we add that there are many parties interested in creating FUD unlike what we see in the stock market then this makes it even more effective, however whenever we see some FUD we need to ask ourselves what is the intention behind the FUD? And most of the time it is to make us sell so the price goes down which means we need to do the opposite and keep holding our coins.

The intentions behind the FUD? Well, its clearly they want Bitcoin to drop it's value.
When they see a relevant news that could pull Bitcoin down, they'll take It and disseminate the information through various social media platforms and even in this community. They'll always exaggerate the outcome so people would get panic and sell.
One prime example today is the total banning of Bitcoin mining in China. Though there were a significant drop of hashpower but It didn't affect the price at all. However, FUDS are still using this news in hopes of pulling Bitcoin down to $20,000 level.

kapalmabur

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there will be no more $20000!, there are already a lot of people who want to buy Bitcoin at a price of $20000 to $25000,
and of course the whales already know this, and maybe the price of Bitcoin will fly off before the bears appear,
so remember! play the game of whales, and don't play alone

wxa7115

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Bitcoin is GOD

Quote from: inoes on June 16, 2021, 06:36:55 PM

FUD is very influential on price movements. Crypto prices are supported by the trust of their owners (investors) in the market. if there is an automatic FUD, investors may immediately secure their money. if there is Fud up to 20K$, it's already too much because the strongest BTC support is still 28K$. if this support is broken with FUD from all directions it will be bearish again. Undecided

This means we need to wonder why FUD is so effective and this is not difficult to know, a great deal of those that are investing in cryptocurrencies do not really have a lot of experience which means that as soon as something goes in the wrong direction then they panic and they sell.

And when we add that there are many parties interested in creating FUD unlike what we see in the stock market then this makes it even more effective, however whenever we see some FUD we need to ask ourselves what is the intention behind the FUD? And most of the time it is to make us sell so the price goes down which means we need to do the opposite and keep holding our coins.

Hamphser

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Quote from: Chato1977 on June 17, 2021, 06:10:57 AM

Quote from: DaC0nsumeR on May 28, 2021, 05:43:43 PM

I hope this does not overlap too much with other recent threads.

Been seeing market analysis that points to aggressive sellers, then some typical CNBC nonsense, then Scott Minerd on Twitter posts the following: "Crypto investors be warned: be prepared for a volatile holiday weekend."

Looking for your market readings for the next three days.

Is this just FUD for FUDsake, game playing, or are big sellers going to try and dump the price this weekend?

3 weekends after what happened? still no 20k value?

tell the man that he is STUPID and LOSER.

from now on , there's nobody that will listen to him..

Does someone had listened to him in the first place? Get used to these kind of fake calls and Fuds where its a bit common where newbie accounts keep
telling about bitcoin going back to certain low price point.

And when the price havent moved as they do speculated then they do simply create another account and just wait up for some price dumps then would
say the same thing again.

Fud slingers are really lots on this market and if you are someone who do easily believe with these calls then better not if you dont like to experience
problems.

Chato1977

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Quote from: DaC0nsumeR on May 28, 2021, 05:43:43 PM

I hope this does not overlap too much with other recent threads.

Been seeing market analysis that points to aggressive sellers, then some typical CNBC nonsense, then Scott Minerd on Twitter posts the following: "Crypto investors be warned: be prepared for a volatile holiday weekend."

Looking for your market readings for the next three days.

Is this just FUD for FUDsake, game playing, or are big sellers going to try and dump the price this weekend?

3 weekends after what happened? still no 20k value?

tell the man that he is STUPID and LOSER.

from now on , there's nobody that will listen to him..

btc_angela

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Quote from: BrewMaster on June 16, 2021, 12:52:52 PM

Quote from: btc_angela on June 16, 2021, 11:05:15 AM

We are far from the weekend, but I wouldn't surprised to see after the FED meeting on Wednesday-Thursday (depending on your timezone).

But if I'm not mistaken, before the FED decision, all other traditional markets is flat so we will see what will be the net effect on a volatile market such as crypto.

i don't think (US) FED has the effect that you think on this (global) market. there is definitely a lot of FUD these days from all those people who lost a ton of money because of the small rise above $40k that we had though. they are panicking and spreading any FUD they can to spread their panic and prevent the rise from growing any bigger.

I was under the impression that it can have an effect on the US first and then cascade it to UE and then Asian market. Anyhow, FUD will not go away, just a matter of time how we read it or take advantage of the situation.

@buwaytress - so far no effect at all, yeah you're right $40k too much mental barrier last month and this month. But we can all weathered this storm maybe August the least.

ultrloa

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Quote from: inoes on June 16, 2021, 06:36:55 PM

Quote from: Yaunfitda on June 16, 2021, 06:24:03 PM

Quote from: BrewMaster on June 16, 2021, 12:52:52 PM

Quote from: btc_angela on June 16, 2021, 11:05:15 AM

We are far from the weekend, but I wouldn't surprised to see after the FED meeting on Wednesday-Thursday (depending on your timezone).

But if I'm not mistaken, before the FED decision, all other traditional markets is flat so we will see what will be the net effect on a volatile market such as crypto.

i don't think (US) FED has the effect that you think on this (global) market. there is definitely a lot of FUD these days from all those people who lost a ton of money because of the small rise above $40k that we had though. they are panicking and spreading any FUD they can to spread their panic and prevent the rise from growing any bigger.

Yeah, they can used the FED news to fit on their narrative, and then boom new FUD again on crypto thanks to this people. So far though the market hasn't move a bit. Of course it went down ~$2000. But after that it seems to stabilised again at$38k. But it still 50/50, possible that a big move because of the FUD can cause the market to sub $35k.

FUD is very influential on price movements. Crypto prices are supported by the trust of their owners (investors) in the market. if there is an automatic FUD, investors may immediately secure their money. if there is Fud up to 20K$, it's already too much because the strongest BTC support is still 28K$. if this support is broken with FUD from all directions it will be bearish again. Undecided

Its like tradition many sell when there's a fud spread and we need to cut that since if many people will still act badly on the fud spread well continuously we can exoerience this kind of market condition. But if majority will just ignore those fuds even how big or small it is we can possibly hit a big price jump and reach the 6 digits mark price of bitcoin.

inoes

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Quote from: Yaunfitda on June 16, 2021, 06:24:03 PM

Quote from: BrewMaster on June 16, 2021, 12:52:52 PM

Quote from: btc_angela on June 16, 2021, 11:05:15 AM

We are far from the weekend, but I wouldn't surprised to see after the FED meeting on Wednesday-Thursday (depending on your timezone).

But if I'm not mistaken, before the FED decision, all other traditional markets is flat so we will see what will be the net effect on a volatile market such as crypto.

i don't think (US) FED has the effect that you think on this (global) market. there is definitely a lot of FUD these days from all those people who lost a ton of money because of the small rise above $40k that we had though. they are panicking and spreading any FUD they can to spread their panic and prevent the rise from growing any bigger.

Yeah, they can used the FED news to fit on their narrative, and then boom new FUD again on crypto thanks to this people. So far though the market hasn't move a bit. Of course it went down ~$2000. But after that it seems to stabilised again at$38k. But it still 50/50, possible that a big move because of the FUD can cause the market to sub $35k.

FUD is very influential on price movements. Crypto prices are supported by the trust of their owners (investors) in the market. if there is an automatic FUD, investors may immediately secure their money. if there is Fud up to 20K$, it's already too much because the strongest BTC support is still 28K$. if this support is broken with FUD from all directions it will be bearish again. Undecided

Yaunfitda

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Quote from: BrewMaster on June 16, 2021, 12:52:52 PM

Quote from: btc_angela on June 16, 2021, 11:05:15 AM

We are far from the weekend, but I wouldn't surprised to see after the FED meeting on Wednesday-Thursday (depending on your timezone).

But if I'm not mistaken, before the FED decision, all other traditional markets is flat so we will see what will be the net effect on a volatile market such as crypto.

i don't think (US) FED has the effect that you think on this (global) market. there is definitely a lot of FUD these days from all those people who lost a ton of money because of the small rise above $40k that we had though. they are panicking and spreading any FUD they can to spread their panic and prevent the rise from growing any bigger.

Yeah, they can used the FED news to fit on their narrative, and then boom new FUD again on crypto thanks to this people. So far though the market hasn't move a bit. Of course it went down ~$2000. But after that it seems to stabilised again at$38k. But it still 50/50, possible that a big move because of the FUD can cause the market to sub $35k.

buwaytress

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Quote from: btc_angela on June 16, 2021, 11:05:15 AM

Possible to #35k again, price swing negatively now, down from $40k to $38k now.

We are far from the weekend, but I wouldn't surprised to see after the FED meeting on Wednesday-Thursday (depending on your timezone).

But if I'm not mistaken, before the FED decision, all other traditional markets is flat so we will see what will be the net effect on a volatile market such as crypto.

My guess is nil nett effect at best, since we're expecting "good news" and further pressure downwards if the unexpected happens. So nope. Fed decision not gonna help in a positive way. And yeah, 40k resistance standing strong mid-month. Altcoins all doing their best to project bright outlooks on defi I can see but also not having much impact.

Far way from home, and we're deep in the woods right now. I'm enjoying it as much as possible, of course -D

Hamphser

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Quote from: btc_angela on June 16, 2021, 11:05:15 AM

Quote from: buwaytress on June 16, 2021, 07:30:00 AM

Right so we're heading for the second weekend after this original prediction -- counting not counting -- and I don't see much on the horizon except a Fed decision later today on monetary policy.

But since we're all expecting more of the same, any decision actually against further stimulus could take us bwck down towards 35k hm?

Possible to #35k again, price swing negatively now, down from $40k to $38k now.

We are far from the weekend, but I wouldn't surprised to see after the FED meeting on Wednesday-Thursday (depending on your timezone).

But if I'm not mistaken, before the FED decision, all other traditional markets is flat so we will see what will be the net effect on a volatile market such as crypto.

Effect or not it would only be heading two possible scenario so better expect the unexpected because the market had always been like this neither it could really make out some significant move or wouldnt really just care at all.

When it comes to fundamentals then its no surprise that this is way too reacting and the people around who had seen about fundamental effects would really be having that kind of behavior that they do freak out in times like this.

20k or not it doesnt matter if it does go down then be prepare on your wallet to buy cheaper or bargained coins.

BrewMaster

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Quote from: btc_angela on June 16, 2021, 11:05:15 AM

We are far from the weekend, but I wouldn't surprised to see after the FED meeting on Wednesday-Thursday (depending on your timezone).

But if I'm not mistaken, before the FED decision, all other traditional markets is flat so we will see what will be the net effect on a volatile market such as crypto.

i don't think (US) FED has the effect that you think on this (global) market. there is definitely a lot of FUD these days from all those people who lost a ton of money because of the small rise above $40k that we had though. they are panicking and spreading any FUD they can to spread their panic and prevent the rise from growing any bigger.

btc_angela

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Quote from: buwaytress on June 16, 2021, 07:30:00 AM

Right so we're heading for the second weekend after this original prediction -- counting not counting -- and I don't see much on the horizon except a Fed decision later today on monetary policy.

But since we're all expecting more of the same, any decision actually against further stimulus could take us bwck down towards 35k hm?

Possible to #35k again, price swing negatively now, down from $40k to $38k now.

We are far from the weekend, but I wouldn't surprised to see after the FED meeting on Wednesday-Thursday (depending on your timezone).

But if I'm not mistaken, before the FED decision, all other traditional markets is flat so we will see what will be the net effect on a volatile market such as crypto.

buwaytress

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Right so we're heading for the second weekend after this original prediction -- counting not counting -- and I don't see much on the horizon except a Fed decision later today on monetary policy.

But since we're all expecting more of the same, any decision actually against further stimulus could take us bwck down towards 35k hm?

lepbagong

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Quote from: chikading2016 on June 08, 2021, 10:40:59 PM

Quote from: DaC0nsumeR on May 28, 2021, 05:43:43 PM

I hope this does not overlap too much with other recent threads.

Been seeing market analysis that points to aggressive sellers, then some typical CNBC nonsense, then Scott Minerd on Twitter posts the following: "Crypto investors be warned: be prepared for a volatile holiday weekend."

Looking for your market readings for the next three days.

Is this just FUD for FUDsake, game playing, or are big sellers going to try and dump the price this weekend?

Well i think they are right maybe we will experience a bloody weekend since bitcoin almost down up to 30k$ below last night. I saw a huge dump and maybe there is a big company or a group of investors dump thier coins. But we still need to be careful and believe to our self and not depend on others decision or analyses we need to decide by our own for us to earn.

It's okay to use other people's analysis if what is said can be done and is in accordance with what we are going to do or at least can provide moral support so that what we are about to do seems to be correct.

Correction is too deep at this time, it is clear that news continues to come together which causes panic that has occurred and the actions taken are not analyzed beforehand, so what is being done makes the market move in a negative direction. and things like this are certainly not very good for the development of crypto if you always trust news from people who actually want to dredge up the market panic.

I believe that this will soon pass if I see bitcoin is very stable at the moment and does not want to drop below $30K. although there is improvement, it will continue to go down and up before bitcoin is sure to be able to move to achieve what it wants. Remember that the halving has not happened and will happen at the end of this year. we will wait for it to happen and it will be a surprise.

chikading2016

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Quote from: DaC0nsumeR on May 28, 2021, 05:43:43 PM

I hope this does not overlap too much with other recent threads.

Been seeing market analysis that points to aggressive sellers, then some typical CNBC nonsense, then Scott Minerd on Twitter posts the following: "Crypto investors be warned: be prepared for a volatile holiday weekend."

Looking for your market readings for the next three days.

Is this just FUD for FUDsake, game playing, or are big sellers going to try and dump the price this weekend?

Well i think they are right maybe we will experience a bloody weekend since bitcoin almost down up to 30k$ below last night. I saw a huge dump and maybe there is a big company or a group of investors dump thier coins. But we still need to be careful and believe to our self and not depend on others decision or analyses we need to decide by our own for us to earn.

wxa7115

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Bitcoin is GOD

Quote from: Lanatsa on May 31, 2021, 06:56:45 PM

Quote from: 2double0 on May 31, 2021, 06:52:36 PM

20k is not a one week game, it will be seen but it will take time instead of falling it like a home of cards fall because, if the false players do it that way, then the confidence of everyone will be shaken so hard they will suck out every penny from crypto and this will increase the size of the dump even further. 20k is possible till btc is under $40k and does not break that level with a considerable volume.

There would be lots of strong supports need to be broken first before we can see that 20k price once again and I agree that it wont fall in a snap of fingers or blink of an eye.

This isn't a market which would behave similarly on 2018 price crash, though its not an assurance for some possible crash of this market because its always been unpredictable.

Fuds are common and we should really prepare for that and instead of panicking then better to mind off for better re-entry.

The conditions for such a drop are simply not there, look at how much the bears need to struggle for the price to go down a few thousands of dollars only for the price to recover almost immediately.

It is clear to me we are in an accumulation process, the bears cannot make the price to go down and the bulls are not interested in this as the price is very attractive for them and they are accumulating more coins, and once they are finally happy with their holdings that is when we will see the bull run taking place.

bbc.reporter

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Everyone was trolled by Scott Minerd. He is presently part of a new fund that registered with the SEC and might allocate a part if their money in bitcoin or other cryptocurrencies hehe. It appears some replies were correct. Minerd wanted the price to dump for his fund to buy hehehe.

The Fund may seek investment exposure to cryptocurrency (notably, Bitcoin), often referred to as “virtual currency” or “digital currency,” through cash settled derivatives instruments, such as cash settled exchange traded futures, or through investment vehicles that offer exposure to Bitcoin or other cryptocurrencies through direct investments or indirect exposure such as derivatives contracts. In addition to the general risks of investing in derivatives or other investment vehicles, described further below, the value of the Fund’s indirect investments in cryptocurrency is subject to fluctuations in the value of the cryptocurrency, which can be highly volatile.

The Sub-Adviser’s personnel with responsibility for the day-to-day management of the Fund’s portfolio are:

B. Scott Minerd, Chairman, Global Chief Investment Officer, Managing Partner and Portfolio Manager of the Sub-Adviser. Mr. Minerd joined Guggenheim Partners (or its affiliate or predecessor) in May 1998. Mr. Minerd leads Guggenheim Partners’ research on global macroeconomics and guides the firm’s investment strategies. Previously, Mr. Minerd was a Managing Director with Credit Suisse First Boston in charge of trading and risk management for the Fixed Income Credit Trading Group. He was responsible for the corporate bond, preferred stock, money markets, U.S. government agency and sovereign debt, derivatives securities, structured debt and interest rate swaps trading business units. Mr. Minerd is a member of the Federal Reserve Bank of New York’s Investor Advisory Committee on Financial Markets, helping advise the NY Fed President about financial market developments, risks to the financial system and steps that can be taken to understand and mitigate these risks. He is an advisor to the Organization for Economic Cooperation and Development (OECD) on long-term investments and is a contributing member of the World Economic Forum (WEF) and their Global Agenda Council on the Arctic.

Source https://www.sec.gov/Archives/edgar/data/1864208/000182126821000253/gug82397-n2.htm

Lanatsa

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Quote from: 2double0 on May 31, 2021, 06:52:36 PM

20k is not a one week game, it will be seen but it will take time instead of falling it like a home of cards fall because, if the false players do it that way, then the confidence of everyone will be shaken so hard they will suck out every penny from crypto and this will increase the size of the dump even further. 20k is possible till btc is under $40k and does not break that level with a considerable volume.

There would be lots of strong supports need to be broken first before we can see that 20k price once again and I agree that it wont fall in a snap of fingers or blink of an eye.

This isn't a market which would behave similarly on 2018 price crash, though its not an assurance for some possible crash of this market because its always been unpredictable.

Fuds are common and we should really prepare for that and instead of panicking then better to mind off for better re-entry.

2double0

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20k is not a one week game, it will be seen but it will take time instead of falling it like a home of cards fall because, if the false players do it that way, then the confidence of everyone will be shaken so hard they will suck out every penny from crypto and this will increase the size of the dump even further. 20k is possible till btc is under $40k and does not break that level with a considerable volume.

wxa7115

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Bitcoin is GOD

Quote from: DaC0nsumeR on May 28, 2021, 05:43:43 PM

I hope this does not overlap too much with other recent threads.

Been seeing market analysis that points to aggressive sellers, then some typical CNBC nonsense, then Scott Minerd on Twitter posts the following: "Crypto investors be warned: be prepared for a volatile holiday weekend."

Looking for your market readings for the next three days.

Is this just FUD for FUDsake, game playing, or are big sellers going to try and dump the price this weekend?

It is just FUD, people like this are just trying to take advantage of the fear that is in the market to try to see if the market keeps going down but what they do not understand is that very few people have the influence to make this market move with just their comments so I suggest that you ignore him.

Most likely nothing is going to happen during the next weeks as everyone is just taking their time to accumulate more coins and see if the whales are finally ready to pump the market or they want to make it lose even more value for the time being.

matchi2011

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Buy $BGL before it's too late!

Quote from: Furious 7 on May 31, 2021, 01:02:27 PM

Quote from: Oasisman on May 30, 2021, 04:28:05 PM

Quote from: DaC0nsumeR on May 28, 2021, 05:43:43 PM

Been seeing market analysis that points to aggressive sellers, then some typical CNBC nonsense, then Scott Minerd on Twitter posts the following: "Crypto investors be warned: be prepared for a volatile holiday weekend."

Is this just FUD for FUDsake, game playing, or are big sellers going to try and dump the price this weekend?

They warned crypto investors for what? Bitcoin has been very volatile since, everyone is well aware of that. Nevertheless, FUD is a FUD regardless of what were the reasons that these people see why Bitcoin and other alts will be dumped this weekend. We are also speculating in this market nobody knows what happens next. Besides, FUDs like this always happen everytime we see Bitcoin in a downward motion.

Of course for those investors whose hands are weak after seeing warnings like this there must be a sense of turmoil when bitcoin is down, but this happens if nothing moves, therefore FUD is always synonymous with big buoys when the market is bearish.
We can only speculate now whether this bitcoin will be thrown away massively or indeed they want to buy lower because that is what we still don't know, only my conclusion is that I continue to face when bitcoin is really slumping.

It won't happened if most holders have faith with tier chosen investment, this warning will happen though if there are more
weak hands than those who are willing to take the risk,

We can all speculate but better to listen with your own observation and analysis than following those people who are just feeding
unreliable information.

milewilda

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Quote from: DaC0nsumeR on May 28, 2021, 05:43:43 PM

I hope this does not overlap too much with other recent threads.

Been seeing market analysis that points to aggressive sellers, then some typical CNBC nonsense, then Scott Minerd on Twitter posts the following: "Crypto investors be warned: be prepared for a volatile holiday weekend."

Looking for your market readings for the next three days.

Is this just FUD for FUDsake, game playing, or are big sellers going to try and dump the price this weekend?

Welcome to crypto my friend! lol
You would see these stuff to by a typical thing to happen not only with FUD but also with shills or on the reversal side of things.There would be always those big players who would have
try to suppress the market down for them to buy cheaper coins and repeat the same process which its not really surprising.So if you are just new into this market so better deal with
these things and make yourself not that easily get affected nor panic once you do see the market is crashing. So always prefer into your own decisions
and dont easily panic.

wheelz1200

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Quote from: DaC0nsumeR on May 28, 2021, 05:43:43 PM

I hope this does not overlap too much with other recent threads.

Been seeing market analysis that points to aggressive sellers, then some typical CNBC nonsense, then Scott Minerd on Twitter posts the following: "Crypto investors be warned: be prepared for a volatile holiday weekend."

Looking for your market readings for the next three days.

Is this just FUD for FUDsake, game playing, or are big sellers going to try and dump the price this weekend?

I try not to listen to any of the surrounding noise. 100 people make 100 predictions one will be right, it doesn't mean they *knew* it would happen. And especially from cnbc, or any traditional financial news outlet, they tend to be pretty clueless on crypto markets.

acener

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When they say it like that I think they are just stating their target price to buy back I think they already sold their crypto and trying to manipulate some people to create a price drop.
Why do they have to warned us about it if we already know that crypto has been volatile ever since it started?
It isn't just on holiday weekends it has always been VOLATILE but Bitcoin has proven that it could always go back up when it goes down so relax.

Furious 7

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https://duelbits.com/

Quote from: Oasisman on May 30, 2021, 04:28:05 PM

Quote from: DaC0nsumeR on May 28, 2021, 05:43:43 PM

Been seeing market analysis that points to aggressive sellers, then some typical CNBC nonsense, then Scott Minerd on Twitter posts the following: "Crypto investors be warned: be prepared for a volatile holiday weekend."

Is this just FUD for FUDsake, game playing, or are big sellers going to try and dump the price this weekend?

They warned crypto investors for what? Bitcoin has been very volatile since, everyone is well aware of that. Nevertheless, FUD is a FUD regardless of what were the reasons that these people see why Bitcoin and other alts will be dumped this weekend. We are also speculating in this market nobody knows what happens next. Besides, FUDs like this always happen everytime we see Bitcoin in a downward motion.

Of course for those investors whose hands are weak after seeing warnings like this there must be a sense of turmoil when bitcoin is down, but this happens if nothing moves, therefore FUD is always synonymous with big buoys when the market is bearish.
We can only speculate now whether this bitcoin will be thrown away massively or indeed they want to buy lower because that is what we still don't know, only my conclusion is that I continue to face when bitcoin is really slumping.

Oasisman

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Quote from: DaC0nsumeR on May 28, 2021, 05:43:43 PM

Been seeing market analysis that points to aggressive sellers, then some typical CNBC nonsense, then Scott Minerd on Twitter posts the following: "Crypto investors be warned: be prepared for a volatile holiday weekend."

Is this just FUD for FUDsake, game playing, or are big sellers going to try and dump the price this weekend?

They warned crypto investors for what? Bitcoin has been very volatile since, everyone is well aware of that. Nevertheless, FUD is a FUD regardless of what were the reasons that these people see why Bitcoin and other alts will be dumped this weekend. We are also speculating in this market nobody knows what happens next. Besides, FUDs like this always happen everytime we see Bitcoin in a downward motion.

mirakal

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Leading Crypto Sports Betting & Casino Platform

Quote from: Ararbermas on May 30, 2021, 04:13:05 AM

Quote from: Erdogan on May 29, 2021, 07:39:38 PM

There are predictions all the time about bitcoin and allied crypto's but bitcoin never follows these predictions. Even there were predictions that BTC will fall down after muck tweet but it's still holding its price around 35k. I will advice to refrain from such predictions else you will only lose your money.

mostly of prediction nowadays are base on others enthusiast posting nonsense in social media and because of some memes as well they are overthingking on this current situation.. they becomes fuds after the masive decline and keep pushing bear market still not ended wherein even 20k is possible wth? seems not just the market has been manipulated wherein their brain also... Lol

That is not different from the past, people are just posting anything that could possibly happen and yet they sometimes guarantee it will. It's truly nonsense but we should know what to follow and what not, still the best thing is to make our own analysis, at least we won't blame anyone in case we make a mistake. If $20k comes, then welcome $20k, that would be a great start for accumulation.

Ararbermas

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Quote from: Erdogan on May 29, 2021, 07:39:38 PM

There are predictions all the time about bitcoin and allied crypto's but bitcoin never follows these predictions. Even there were predictions that BTC will fall down after muck tweet but it's still holding its price around 35k. I will advice to refrain from such predictions else you will only lose your money.

mostly of prediction nowadays are base on others enthusiast posting nonsense in social media and because of some memes as well they are overthingking on this current situation.. they becomes fuds after the masive decline and keep pushing bear market still not ended wherein even 20k is possible wth? seems not just the market has been manipulated wherein their brain also... Lol

magneto

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Quote from: DaC0nsumeR on May 28, 2021, 05:43:43 PM

I hope this does not overlap too much with other recent threads.

Been seeing market analysis that points to aggressive sellers, then some typical CNBC nonsense, then Scott Minerd on Twitter posts the following: "Crypto investors be warned: be prepared for a volatile holiday weekend."

Looking for your market readings for the next three days.

Is this just FUD for FUDsake, game playing, or are big sellers going to try and dump the price this weekend?

Completely FUD in my view.

We are definitely in a crypto bear market overall, but that doesn't justify the undue enthusiasm that these FUDsters seem to hold.

With the amount of institutional interest and stake in BTC which is unlikely to waver as much as retail investors, it is incredibly hard to see an outcome where the market simply flash crashes by 80% of its value overnight.

Remember that these institutions like Microstrategy aren't just in this for the short term speculation like most retail investors - their investment time horizon is much longer and will prop up BTC prices substantially in market downturns due to their liquid cash reserves that can be readily deployed to buy cheap coins.

bittick

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No one know for sure whats really gonna happen but media mostly got it wrong and you see they are also starting to publish news rather late so why trust speculation from such nonsense media, even if the market goes bearish we could still see yet another bullrun
and i will tell you the truth this kind of media publish such FUD usually aims for people who are really afraid to further spread the news making it like self fulfilling propechy so it's better to stop helping them spreading the fuds.
Instead, if you want to know about btc analyzation price why don't just you join such discussion like in reddit, etc?

elisabetheva

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Quote from: Erdogan on May 29, 2021, 07:39:38 PM

There are predictions all the time about bitcoin and allied crypto's but bitcoin never follows these predictions. Even there were predictions that BTC will fall down after muck tweet but it's still holding its price around 35k. I will advice to refrain from such predictions else you will only lose your money.

Many predictions have developed at a time when bitcoin has experienced a very deep correction, but indeed on the one hand we need that prediction, but it could also be that if predictions make us, always carry excessive fear because of these predictions.
but we should also have a strong view of whatever we receive from these predictions, because it is possible that by misreading the predictions, we will only increase to be unable to control ourselves, making what we do actually make mistakes that are detrimental.

Fundamentals Of

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Everything that says beware of an upcoming dump, or a day of extreme volatility, etc are all FUD. Why? Because all these nonsense tweets coming from bored twitter users are coming from nowhere but their own heads. These twitter users do not know what goes on inside the heads of a Bitcoin whale, of institutional investors, and of ordinary Bitcoin owners. How could they therefore call for a warning? Are they informed of a dump in advance? No, of course not.

Dave1

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Quote from: hatshepsut93 on May 29, 2021, 03:09:41 PM

When Bitcoin was at $58k recently, I saw an article saying that it can drop to $44k based on chart analysis, and I dismissed it as FUD, and what do you know, it did drop to $44k and then even lower. So, it's one thing when some permabear says that Bitcoin will go to some price, and it's the other thing when an impartial analyst says it, because the second has higher chance to be right. So, check the sources of claims and look what they are based upon. Not all bears hate Bitcoin or spread FUD, sometimes it's just the technical thing. Bitcoin can't always go up.

I would agree but TA is not that exact science though, so still 50/50 if we are going to base on it.

But if someone says around the forum that the price will go down and see specially this weekends, then we have to take everything with a grain of salt. He could be permabear, or just trying to create a noise and atmosphere of negativity so we have to be careful as well and not blindly rely on those naysayers, just saying.

Erdogan

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There are predictions all the time about bitcoin and allied crypto's but bitcoin never follows these predictions. Even there were predictions that BTC will fall down after muck tweet but it's still holding its price around 35k. I will advice to refrain from such predictions else you will only lose your money.

nurilham

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I can agree if there is a dump on the weekend. But I don't think the price of Bitcoin will drop till $20K, it is too much. We all can see the price of Bitcoin is still around $34K this time, how can it drop to $20K with only 1 day left? The issue of Bitcoin price to $20K is truly FUDs. I guess people who are spreading the issue, want to buy our Bitcoin at cheap prices. They want people are in panic and sell all their Bitcoin in the market.

ultrloa

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Quote from: samcrypto on May 29, 2021, 04:49:16 PM

Quote from: just_Alice on May 29, 2021, 04:35:58 PM

I'd say FUD. Who are these "big sellers" anyway? And cnbc, you've said it yourself - nonsense, and they seem to be the only ones that post about Scott Minerd, who even cares about what he says? It's not like he's the world's leading expert. His words might have a weight among some bankers and investors, but what's it to Bitcoin HODLers and regular folks that use crypto?

FUD is being well organized nowadays and looking at this post, it looks like they are just trying to dump the price so they can buy. We have to take cautious on our holdings all the time and know the necessary actions if there’s a FUD, don’t panic because the market will recover again and $20k this weekend is not going to happen as well.

That's why if we are new to this better to convert what we have to stable coins so that we will not add to any panic rotating in the market, fudders want that to happen thats why we need to be cautious always. But its really better if we can ignore this mud throwing made by manipulators since if this organize groups cannot successfully move the market for sure we can see how high the price we can possibly see bitcoin reach if we will not affected on any bad attempts to make it down.

samcrypto

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Quote from: just_Alice on May 29, 2021, 04:35:58 PM

I'd say FUD. Who are these "big sellers" anyway? And cnbc, you've said it yourself - nonsense, and they seem to be the only ones that post about Scott Minerd, who even cares about what he says? It's not like he's the world's leading expert. His words might have a weight among some bankers and investors, but what's it to Bitcoin HODLers and regular folks that use crypto?

FUD is being well organized nowadays and looking at this post, it looks like they are just trying to dump the price so they can buy. We have to take cautious on our holdings all the time and know the necessary actions if there’s a FUD, don’t panic because the market will recover again and $20k this weekend is not going to happen as well.

mirakal

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It's still realistic though, the moment bitcoin drop below $30k, then we might see that happen pretty quick.

We are in a market that is so volatile, we've seen huge pumps, so a huge dump is not impossible.
Just HODL and don't panic, or sell now and buy the dip, it's the only process we have to do if we want to survive.

Take advantage, that's how smart people do.
FUD and FOMO are not new, we have to get used to it.

just_Alice

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I'd say FUD. Who are these "big sellers" anyway? And cnbc, you've said it yourself - nonsense, and they seem to be the only ones that post about Scott Minerd, who even cares about what he says? It's not like he's the world's leading expert. His words might have a weight among some bankers and investors, but what's it to Bitcoin HODLers and regular folks that use crypto?

teosanru

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Quote from: DaC0nsumeR on May 28, 2021, 05:43:43 PM

I hope this does not overlap too much with other recent threads.

Been seeing market analysis that points to aggressive sellers, then some typical CNBC nonsense, then Scott Minerd on Twitter posts the following: "Crypto investors be warned: be prepared for a volatile holiday weekend."

Looking for your market readings for the next three days.

Is this just FUD for FUDsake, game playing, or are big sellers going to try and dump the price this weekend?

Keeping the FUD aside market is giving a lot of hints of extreme weakness. It looks as if bulls are nowhere to be found in the market. Even though there isn't any heavy attack from bears too so far but still they look pretty heavy. 20k is too extreme of an estimate given by anyone I think. I also expect the markets to be volatile today and tomorrow due to multiple reasons, 1 is the weekly close and the second is the monthly close coinciding with it too which is on Monday. But I am sure if the market falls vigorously in these two days we will see very green weeks ahead, especially the next couple of weeks. It's because the daily RSI is already hovering around 33 Area and if it market falls from here it will move into the oversold zone which means a huge correction would arrive anytime.

Bagaji

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Quote from: ?? on ??

And you decide to spread this fud here? Than cbdc tells you to sell you should buy, man

Best advice brother! The time of panic like this is a time to be in your self and buy more at cheaper rate than to follow people creating FUD up and down thinking that will benefit you here. FUD has never help anyone except the market manipulators of which I don't think O P is one of them in anyway.

hatshepsut93

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When Bitcoin was at $58k recently, I saw an article saying that it can drop to $44k based on chart analysis, and I dismissed it as FUD, and what do you know, it did drop to $44k and then even lower. So, it's one thing when some permabear says that Bitcoin will go to some price, and it's the other thing when an impartial analyst says it, because the second has higher chance to be right. So, check the sources of claims and look what they are based upon. Not all bears hate Bitcoin or spread FUD, sometimes it's just the technical thing. Bitcoin can't always go up.

eaLiTy

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Have Fun )@@( Stay Safe

Quote from: decodx on May 29, 2021, 12:33:10 PM

Bitcoin price has always been pretty volatile, and even with the price surge this year it still does not come close to the price swings of 2014 and 2015. Bad news and FUD are part of the game, as are good news. How you turn them into an advantage is the art of it.

I do agree with you, people who are new to market might get frustrated with the constant fluctuation and they have no clue because they are seeing those for the first time, it is true that the price was volatile in the past and every negative news in market could swing the market a long way and even during a rally you would search for the top news for the day and check whether it can make any changes to the valuation in either direction and then take the position accordingly and you worded it right.

decodx

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Quote from: cryptomaniac_xxx on May 29, 2021, 05:41:52 AM

Quote from: Wind_FURY on May 29, 2021, 05:35:04 AM

Quote from: DaC0nsumeR on May 28, 2021, 05:43:43 PM

Been seeing market analysis that points to aggressive sellers, then some typical CNBC nonsense, then Scott Minerd on Twitter posts the following: "Crypto investors be warned: be prepared for a volatile holiday weekend."

Be prepared for volatilty? He must be new. He should sit back down. Bitcoin has always been very volatile. Plus a $20,000 crash will be a GIFT to buy the dip. For anyone who thought they missed a golden opportunity during the euphoria, this is your opportunity!

Yeah, for experience crypto investors it will be a good time to buy, and for those newbies, they might be affected by the FUD but still bought at dip. But majority of them could panic if they see such news, so I would say there is a trade-offs.

In any case, bitcoin is volatile at at the same time very resilient, even though its fairly young, it has proven itself that that the price could increase dramatically after a huge drop.

Well, there have been plenty of other examples of Bitcoin's speculative nature and price volatility. Bitcoin price has always been pretty volatile, and even with the price surge this year it still does not come close to the price swings of 2014 and 2015. Bad news and FUD are part of the game, as are good news. How you turn them into an advantage is the art of it.

Harlot

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Always ignore the noise around you, people who are spreading FUD and negative speculation always do it since they know that even if they are wrong nothing bad will happen to them as they can always spread another rumor/prediction and some people will still believe it. If your main goal is to hodl then you won't be having problems with what they are saying right? Focusing on your goals and avoiding the noise around you is what you need to do in order to go around this volatile market.

cryptomaniac_xxx

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Quote from: Wind_FURY on May 29, 2021, 05:35:04 AM

Quote from: DaC0nsumeR on May 28, 2021, 05:43:43 PM

Been seeing market analysis that points to aggressive sellers, then some typical CNBC nonsense, then Scott Minerd on Twitter posts the following: "Crypto investors be warned: be prepared for a volatile holiday weekend."

Be prepared for volatilty? He must be new. He should sit back down. Bitcoin has always been very volatile. Plus a $20,000 crash will be a GIFT to buy the dip. For anyone who thought they missed a golden opportunity during the euphoria, this is your opportunity!

Yeah, for experience crypto investors it will be a good time to buy, and for those newbies, they might be affected by the FUD but still bought at dip. But majority of them could panic if they see such news, so I would say there is a trade-offs.

In any case, bitcoin is volatile at at the same time very resilient, even though its fairly young, it has proven itself that that the price could increase dramatically after a huge drop.

Wind_FURY

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Quote from: DaC0nsumeR on May 28, 2021, 05:43:43 PM

Been seeing market analysis that points to aggressive sellers, then some typical CNBC nonsense, then Scott Minerd on Twitter posts the following: "Crypto investors be warned: be prepared for a volatile holiday weekend."

Be prepared for volatilty? He must be new. He should sit back down. Bitcoin has always been very volatile. Plus a $20,000 crash will be a GIFT to buy the dip. For anyone who thought they missed a golden opportunity during the euphoria, this is your opportunity!

Yaunfitda

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So another massive sell off going to happen this weekend? memorial day massacre? Nah, I'm not buying it. On the contrary, investors are resting on weekends so I don't expect any movement at all. If there is, then it won't go as far as hitting $20k.

Another bullshit take from mainstream media again, what do you expect, just started to be annoyed by them and spewing FUD whenever they can. This is 2017 all over again, when the state of crypto media is at worst. Just pushing their narrative with baseless news and then some.

buwaytress

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If you wanted to worry it threads overlapped with each other in Speculation, you'd never post heh.

But really really tough for me to see an almost 50% dump happening when markets seem to have already shaken out stop losses. Even if somehow we ping on 20k, the bounce should be spectacular.

darkangel11

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Don't let others control your BTC -> self custody

If you believe real sellers are waiting for a weekend to dump you're crazy. People who want to sell sell. They don't wait for weekends and they don't set up a selling meetings or whatever so they can all sell at the same time. People who say "big sellers are going to sell tomorrow" are idiots. A drop can happen but not because some group of millionaires. There's a lot of fear among new investors because any people lost a lot of money on this last move. It's going to take some time before their confidence is restored.

blockman

hero member

Activity: 3066

Merit: 629

20BET - Premium Casino & Sportsbook

Sometimes you just have to unfollow or just ignore them whatever FUD they're spreading. It's very typical in the market even in the bearish market, they've been spreading FUD as if they want to push down the prices. These medias doesn't really know a thing about cryptocurrencies but it's only their author that sources out these content so that they can publish anything related to cryptocurrency. They keep on posting those 'experts' opinion even if the 'crypto expert' is not a crypto folk.

kryptqnick

legendary

Activity: 3248

Merit: 1402

Join the world-leading crypto sportsbook NOW!

The problem with the media is that while its supposed to inform people, they are also operating for profit. This pushes them to go for content that will engage more people, and people tend to respond to basic negative emotions. Things provoking fear, anxiety or anger become more shared because they seem important to people. So FUD about the price going down is something that will catch attention and that means profits. But this is done at expense of staying objective.

aoluain

legendary

Activity: 2464

Merit: 1387

Anything is possible in this current market, When we were aiming to hit $70k very few
would believe then that there would be a 50% pull back. If it does drop to that level I
would borrow FIAT again to buy Bitcoin, golden opportunities to buy what
I consider now to be CHEAP Bitcoin.

Also the current price points between $35k and $40k I consider to be cheap also.

virasog

legendary

Activity: 3136

Merit: 1172

Leading Crypto Sports Betting & Casino Platform

Quote from: DaC0nsumeR on May 28, 2021, 05:43:43 PM

I hope this does not overlap too much with other recent threads.

Been seeing market analysis that points to aggressive sellers, then some typical CNBC nonsense, then Scott Minerd on Twitter posts the following: "Crypto investors be warned: be prepared for a volatile holiday weekend."

Looking for your market readings for the next three days.

Is this just FUD for FUDsake, game playing, or are big sellers going to try and dump the price this weekend?

I don't think that bitcoin will reach 20,000$ in this week end. If the bears wanted to take full control, maximum they can push the price to 30K and not below that.
However volume is low during weekends and therefore it is easy to manipulate the market.

pooya87

legendary

Activity: 3472

Merit: 10611

It's like Déjà vu. When bitcoin dropped from $6k to $3k the same media outlets were filled with nonsense saying how price is going to fall down to $2k, $1k, etc. And now that price has fallen from $60k to $30k the same thing is being repeated but they are just adding a zero in front of their FUD.
I suppose we are going to see the same FOMO buying like that time too in a couple of weeks when price shoots past $100k.

bbc.reporter

legendary

Activity: 3122

Merit: 1492

Quote from: dothebeats on May 28, 2021, 06:11:49 PM

Articles like these rise mostly from when bitcoin is in the red zone. Been seeing a lot of these predictions on reddit and twitter lately as well, though they don’t seem to hold enough weight given that most of the numbers they pulled are arbitrary numbers convenient to their models or predictions which, for the most part, hits once in a blue moon. Either way, I don’t think $20k is possible within this weekend despite the lackluster market performance. The buy and sell seems to even out on most exchanges too, hinting on a sideways or a stagnant market.

Bitcoin news and mainstream news media will publish and print what gets them the most clicks and the most views hehe. The sentiment at present is bearish, when the sentiment changes to bullish we would see articles like this with smaller fonts and not located in the big news headlines.

However, with this type of storyline will enter also the politicians who will grandstand and declare a war on bitcoin mining, a war on drugs, a war on something their citizens themselves do not understand. Do not be tricked. Politicians also only want what gives them the most views.

Massive bitcoin mine discovered in UK after police raid suspected cannabis farm

An illegal bitcoin mine has been found by police in the U.K. who were looking for a cannabis farm.

The mine — located in an industrial unit on the outskirts of the English city of Birmingham — was stealing thousands of pounds worth of electricity from the mains supply, West Midlands Police said Thursday.

Source https://www.cnbc.com/2021/05/28/bitcoin-mine-discovered-by-uk-police-on-cannabis-farm-raid-.html

dansus021

copper member

Activity: 2156

Merit: 983

Part of AOBT - English Translator to Indonesia

Quote from: DaC0nsumeR on May 28, 2021, 05:43:43 PM

I hope this does not overlap too much with other recent threads.

Been seeing market analysis that points to aggressive sellers, then some typical CNBC nonsense, then Scott Minerd on Twitter posts the following: "Crypto investors be warned: be prepared for a volatile holiday weekend."

Looking for your market readings for the next three days.

Is this just FUD for FUDsake, game playing, or are big sellers going to try and dump the price this weekend?

i already make thread when bitcoin down to 50K and now it more dip after bitcoin killed by dozen of bad news and fudder some analysis says bull run is end but some says its just correction to touch another ATH

in my opinion bitcoin down because some whale sell their bitcoin with following recent bad news retail trader selling more make bitcoin sell pressure high and bitcoin mining hashrate down

China always make ann about banning bitcoin in fact its happen in not just china alone, but since china have 70% hashrate it really punch bitcoin

Lorence.xD

sr. member

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Leading Crypto Sports Betting & Casino Platform

Quote from: cabron on May 28, 2021, 06:22:47 PM

I just read an article about volatility in cointelegraph which they said the media wants people to think that volatility is bad. Bitcoin is very volatile and all the rest of the cryptocurrency is very volatile that's why the prices can just plunge in just a minute. But actually, it favours all so they could profit. Wallstreet guys are making money because of the market's volatility. Stock market is also volatile.

That's what media these days are doing, they want to make us think what their masters wants us to think, that's why I don't believe anything the newspapers say anymore, it is already tainted with propaganda and brainwashing. I don't really care if the prices are going to go down that far because I believe that it is all just a temporary event, if one whale gets out, another one is going to come in.

Kemarit

legendary

Activity: 3080

Merit: 1353

Just normal though, I think Bitcoin holders should try to stay away from this negativity. Or even just laugh at his because we all know that this FUD'ers will continue to bash Bitcoin specially when the price is going down like we have seeing right now.

But when the price goes on another bull run, those guys are going to be quiet, or will continue their attack but it doesn't have any impact on the price. We should be immune from this kind of tweets and articles floating around.

headingnorth

member

Activity: 302

Merit: 46

NO SHITCOIN INSIDE

The institutions may try to dump their bitcoin over the weekend to cause a huge price drop so they can buy back at lower price. For the love of god don't fall for their market manipulation scare tactics and do not panic sell when it happens.

Because the price will quickly recover (even if it crashess to 20k) and you wont lose anything as long as you DO NOT PANIC SELL.

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

I just read an article about volatility in cointelegraph which they said the media wants people to think that volatility is bad. Bitcoin is very volatile and all the rest of the cryptocurrency is very volatile that's why the prices can just plunge in just a minute. But actually, it favours all so they could profit. Wallstreet guys are making money because of the market's volatility. Stock market is also volatile.

dothebeats

legendary

Activity: 3542

Merit: 1352

Articles like these rise mostly from when bitcoin is in the red zone. Been seeing a lot of these predictions on reddit and twitter lately as well, though they don’t seem to hold enough weight given that most of the numbers they pulled are arbitrary numbers convenient to their models or predictions which, for the most part, hits once in a blue moon. Either way, I don’t think $20k is possible within this weekend despite the lackluster market performance. The buy and sell seems to even out on most exchanges too, hinting on a sideways or a stagnant market.

DaC0nsumeR

jr. member

Activity: 47

Merit: 4

I hope this does not overlap too much with other recent threads.

Been seeing market analysis that points to aggressive sellers, then some typical CNBC nonsense, then Scott Minerd on Twitter posts the following: "Crypto investors be warned: be prepared for a volatile holiday weekend."

Looking for your market readings for the next three days.

Is this just FUD for FUDsake, game playing, or are big sellers going to try and dump the price this weekend?

Topic: FUD-slingers saying 20K this weekend... (Read 511 times)