FUDs be damned - BTC moving up again - page 2.

Ridwan Fauzi

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Quote from: androyster on March 01, 2021, 09:37:35 AM

I guess the sky isn't falling after all. LOL< I'm a pilot and said FOD at first. Corrected.

If you get used to with crypto currency price movement especially bitcoin then you will already know which information that can lead to the trully FUD or an information that can only make many people afraid and force to sell their investment place.

I found many times the information like that and until I've known how to deal with that situation so as I can still comfortable with my decision (hold or sell). There will be some people who want bitcoin price drop so as they can buy as much as they can, also bitcoin still have many enemies especially from old investment place, so as they will make several negative statement to affect many people.

Kelvinid

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Quote from: thecodebear on March 03, 2021, 05:27:29 AM

$43k was the bottom and now Bitcoin is heading back up. Expect new ATHs later this month. Maybe we get next correction at $80k?

I have noticed that in every price correction there will have a strong spike on the market. I couldn't think it was the FUD's helping people to be more aggressive in buying back or the FOMOeng is really making the possible.

Quote

Maybe we get next correction at $80k?

Yep, maybe. But that was close to possibility than overly thinking about $100k within this year.
$100k is really high, I can't tell if people will still have the courage to take the risk or just to find another form of investment.

thecodebear

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$43k was the bottom and now Bitcoin is heading back up. Expect new ATHs later this month. Maybe we get next correction at $80k?

pooya87

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FUD, panic sells, panic buys and all kinds of weird things you see on the internet has always been an inseparable part of bitcoin world. It is a small world and is usually filled with naive people who believe anything they read online just because someone is saying it with confidence. Then they end up losing money!

The worst part is that people don't seem to want to learn from their mistakes either. As they say, "fool me once shame on you, fool me twice shame on me". They've been fooling people for over a decade now and they keep falling for it.
Soon we'll be looking back at these days from half a million dollar price just to see the same thing repeated when they say $600k is bubble and should go down to $500k again.

mich

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Quote from: androyster on March 01, 2021, 09:37:35 AM

I guess the sky isn't falling after all. LOL< I'm a pilot and said FOD at first. Corrected.

Im watching the price this evening and it keeps getting so close to the magic number 50k price point.

Price per coin is up about 3% in the last 24 hours alone so maybe we see a little Bull run here.

Hippocrypto

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Quote from: androyster on March 01, 2021, 09:37:35 AM

I guess the sky isn't falling after all. LOL< I'm a pilot and said FOD at first. Corrected.

No it won't fall for us, but when the sky will shower us with blessing that's an awesome scenario that we're looking forward to have. Ignore FUD and negative statements, they're just going to fade just like colors and bitcoin will continue to grow and influence the whole world because of its promising value today. Let's welcome another waves to come and embrace every opportunity that we could get.

LUCKMCFLY

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Quote from: Harlot on March 02, 2021, 03:44:43 PM

Quote from: LUCKMCFLY on March 02, 2021, 12:18:36 PM

I think many have in mind that reaching $50k is the best option to sell, the news, the comments, some analysts say that the price will go back down to $40k- $42k, but although it is very possible, it can give a pullback and reach $60k as the first goal, this scenario is very likely considering the incredible FUD, millionaires want more bitcoin, therefore they take advantage of the FUD to buy little by little, it is a great business to buy at $40k to make a profit in $60k is not bad at all.

If we review the trading volume it is merely for sale, which means that there is a lot of supply, when the offer is removed, the remaining path is bullish.

There might be a very few people now looking at Bitcoin thinking that it is a cheap price considering on where it is standing now. The last rally was brought by Elon Musk and Tesla making it a public knowledge that they are investing more than a billion dollars worth of cash reserve into Bitcoin and it triggered FOMO and overall market confidence for existing and new investors, now we have seen Bitcoin fall down ever since then meaning that the hype brought by Elon Musk died down already and not unless we have another FOMO similar to that I don't think we will reach new heights.

Well you're right, what happens is that Elon Musk moves a lot of people, with respect to what you say, I just saw in cointelegraph that one of his stars O'Leary after he said a while ago that "Bitcoin was like a hamburger empty giant "and will currently invest 3% of its wallet in Bitcoin, 'Shark Tank' star changes tune on Bitcoin, will allocate 3% of his portfolio will it be really relevant and cause a sensation? ´Shark Tank´ has many followers, fans, something can be achieved, as long as everything that is in favor of Bitcoin is something good and helps.

Fakhrulenclix

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Quote from: arufox on March 02, 2021, 03:40:46 PM

If for trade, I think is scare to join in market. Bitcoin movement not fully increase, we can see another dump today or tomorrow if Bitcoin breakdown the support. But if for the long term, buy now, or tomorrow is not truly effect

Quote from: proudhon on March 02, 2021, 10:24:14 AM

Looks like we're heading back down just as I predicted by proven math.

I think I will agree with this, I see a downtrend of Bitcoin will coming, yes i hope Bitcoin can survive and we will see another pump but..., So let's wait for what will happen, and always prepare funds to buy more if the bad scenario happens

Harlot

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Quote from: LUCKMCFLY on March 02, 2021, 12:18:36 PM

I think many have in mind that reaching $50k is the best option to sell, the news, the comments, some analysts say that the price will go back down to $40k- $42k, but although it is very possible, it can give a pullback and reach $60k as the first goal, this scenario is very likely considering the incredible FUD, millionaires want more bitcoin, therefore they take advantage of the FUD to buy little by little, it is a great business to buy at $40k to make a profit in $60k is not bad at all.

If we review the trading volume it is merely for sale, which means that there is a lot of supply, when the offer is removed, the remaining path is bullish.

There might be a very few people now looking at Bitcoin thinking that it is a cheap price considering on where it is standing now. The last rally was brought by Elon Musk and Tesla making it a public knowledge that they are investing more than a billion dollars worth of cash reserve into Bitcoin and it triggered FOMO and overall market confidence for existing and new investors, now we have seen Bitcoin fall down ever since then meaning that the hype brought by Elon Musk died down already and not unless we have another FOMO similar to that I don't think we will reach new heights.

arufox

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Quote from: androyster on March 01, 2021, 09:37:35 AM

I guess the sky isn't falling after all. LOL< I'm a pilot and said FOD at first. Corrected.

If for trade, I think is scare to join in market. Bitcoin movement not fully increase, we can see another dump today or tomorrow if Bitcoin breakdown the support. But if for the long term, buy now, or tomorrow is not truly effect

magneto

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I don't think that trying to be rational in a market like this should be constituted as FUD. Except, of course, if one is making completely bogus arguments.

Markets are FOMOing hard still, especially with institutional investors who are not trying to cash in on the crypto boom.

I would be very cautious in terms of speculating at this stage of the bull market. Prices have the capacity to go up further (and probably will, given the historical returns of BTC in bullish environments), but the downside risk far outweighs the upside potential at this stage. Stay off leverage/margin and only DCA what you can afford imho, even after the recent recovery.

sunsilk

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Quote from: Oasisman on March 01, 2021, 04:57:56 PM

Quote from: sunsilk on March 01, 2021, 02:14:58 PM

You cannot ignore those FUDs, they'll eventually come and will affect bitcoin's price. But you shouldn't worry with them, just as what bitcoin has shown.

Bitcoin will recover as much as it has been affected by such FUDs.

With or without the Fud and Fudsters, Btc will always comes down for correction whenever It made a bullrun.
Though FUD can affect the market, but it will be entirely different this year and it seems that no Fud would affect the rallying Btc market currently, because of the influence coming from big names and companies who were buying Bitcoin. So, to make things short, Btc will rally back to $50,000 and beyond.

There were FUDs that had brought effect to the market and that's why they're still going to give caution and worry to those that think about it. If that's coming from a big name, people would rush to believe it and will sell no matter what their plan is.

Most of those that will be affected are the ones that are new to the market. They're not used to it and that's why they're likely to be very affected with these FUDs.

LUCKMCFLY

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I think many have in mind that reaching $50k is the best option to sell, the news, the comments, some analysts say that the price will go back down to $40k- $42k, but although it is very possible, it can give a pullback and reach $60k as the first goal, this scenario is very likely considering the incredible FUD, millionaires want more bitcoin, therefore they take advantage of the FUD to buy little by little, it is a great business to buy at $40k to make a profit in $60k is not bad at all.

If we review the trading volume it is merely for sale, which means that there is a lot of supply, when the offer is removed, the remaining path is bullish.

proudhon

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Looks like we're heading back down just as I predicted by proven math.

el kaka22

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Quote from: hahay on March 02, 2021, 05:12:04 AM

Anyway, there will always be charts to convince yourself whether the price is going to crash or not and therefore, we shouldn't 100% trust information that will leave you shaky. I personally also previously believed that the price would still go down and therefore I was not ready to buy it, it was not because of panicking and trusting FUD because it was my personal fault. The price movement is getting more difficult to predict as concerns about the market collapse after hitting ATH are taken into consideration, market sentiment becomes reversed.

We are already near 50k level and you know what's funny? The altcoins are not where they used to be and they will increase a lot, BNB will be 350 or so, ETH will be 2000 and all other coins will reach to their week ago or so peaks once again, first bitcoin becomes higher because that is where the money comes in and it is obvious that the price increases because of that, the reality is that eventually bitcoin will peak again and when that peaks that money goes into altcoins instead and people do end up with basically higher and higher altcoins, remember how BNB moved from 30 dollars to 340 dollars, that is not something that easily forgotten neither, so basically we are in a situation where we should be making a decent amount of profit from buying altcoin today and waiting a few weeks at tops, it will be back in those prices again and we will profit from that.

electronicash

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just when we thought all fuds had been said already but it will work when they say it over again. and BTC had also died several times. they are still up to spread fud despite the institutions like Microstrategy and JPmorgan on the side of cryptocurrency. one of these fud is the energy used by the network that i have just read on facebook, it's pathetic because the users who reacts are not really cryptousers.

hahay

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Anyway, there will always be charts to convince yourself whether the price is going to crash or not and therefore, we shouldn't 100% trust information that will leave you shaky. I personally also previously believed that the price would still go down and therefore I was not ready to buy it, it was not because of panicking and trusting FUD because it was my personal fault. The price movement is getting more difficult to predict as concerns about the market collapse after hitting ATH are taken into consideration, market sentiment becomes reversed.

Jawhead999

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Both FUDs and good news always be in Bitcoin space even though it's on bullish or bearish, you'll see those things around the news.

It's too early to define Bitcoin is on the sky "right now", it's still the beginning to reach the sky. Many institutional and company are already invest on Bitcoin, also other company follow this trend. They're believe how great the future of Bitcoin is.

crwth

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You do know that Bitcoin has died multiple times, maybe up to 300 times on the internet. It's always going to be called out and say that it's "dying", but that's just what people feel when it's going down and just new to this type of thing. What happened recently is that it's a healthy correction which is needed by the market. Most of the time, the recent ATH has dropped around ~20-30% and then recovered and break another ATH.

That's what happens, and we need to be ahead and take advantage of this by averaging entries if you are investing and get some profits.

Some FUD's started with the double-spending thing, but it's really not new, and the network can withstand those types of happenings. Since there are a lot of new people in the crypto space, it's probably them who has caused the dumps and really internalizing the FUD.

TravelMug

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Quote from: Oceat on March 01, 2021, 06:49:53 PM

Quote from: androyster on March 01, 2021, 09:37:35 AM

I guess the sky isn't falling after all. LOL< I'm a pilot and said FOD at first. Corrected.

It's a good correction though to let everyone in while they still can what we have experienced is a normal day to day movements. It might be a fresh start after the correction but I expect more weak hands will try to dump as Bitcoin is starting to moving up. So I think we might still stay at the $49ish or something for a while then slowly breaking the $50k again then move to break the $60k resistance and create a new ATH but that might take for a while.

Yes, just what we have thought, another normal correction every end of the month, so there's no need to worry and panic when the price goes < $45k. We are slowly getting into the next support line which is $50k, I'm sure it can be breach in the next 48 hours.

So the sky isn't falling after all, on the contrary, this kind of correction I would say needs to happen to make the market healthy, sort of reset every month and then we go chase another all time high.

Topic: FUDs be damned - BTC moving up again - page 2. (Read 377 times)