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Topic: Hilarious FUD article about Bitcoin of course being doomed - page 2. (Read 311 times)

jr. member
Activity: 109
Merit: 5
hodl
I like this bitcoin obituary stat page. From December 2010 to today, bitcoin has died 288 times. It is really funny t read all those news from past to today.

It is just another obituary news with some fancy graphs.

https://99bitcoins.com/obituary-stats/

legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
I have made sooo much money ignoring stuff like this.  Wink
hero member
Activity: 1106
Merit: 638
Here's another quote from the SeekingAlpha article:

In our view, we are one small news event away from a total collapse in Bitcoin and other digital assets like GBTC. When this does happen, the drop will be massive, as retail investors (with little or no other experience in the financial markets) run for the exits. We are short GBTC and our momentum trigger will be seen with a downside break of 9.60. The end is near - and, if you are long Bitcoin assets, it is time to find somewhere else to put your money.

All they can say is that one SMALL news event will send owners to the exits? That's ridiculous! Their lack of depth of their argument is evidenced by how short their article is - a whole two paragraphs! Negative news can always create a dip in the price. But one small news event doesn't create a crash...by definition alone any news event that has that kind of impact isn't small. Seriously, though, it's a global market. Any story to bring it all down has to be on the order of world war or the end of the internet.

In their defense they did get both of us to click from a thoroughly FUD premise.
hero member
Activity: 2240
Merit: 848
This is too funny.

Author tries to argue that at this point a single bad piece of news will destroy Bitcoin and the entire crypto market. Says Bitcoin and the whole market's time is done. Any bad news he says, even a piece of news that doesn't seem that important, will suddenly send the market into a downward spiral from which it will never recover.

One of my favorite parts is when he says its impossible for anyone to claim to be an expert when it comes to the crypto market (in fact he calls it mind-boggling and just plain ridiculous)...in an article in which he says he is sure the market is about to collapse for forever simply because he believes the hype is over. The article is title "This spells doom for bitcoin" and yet there is no "this" in the article other than him thinking the hype is over and something about volatility in traditional markets being down.

The good news is we can put his ridiculous premise to the test very soon! If the entire crypto market doesn't collapse in on itself on the next piece of slightly bad news then he's proven wrong. Shouldn't take more than a couple weeks  Tongue

Just wanted to share this hilarious piece of FUD with you all.


https://seekingalpha.com/article/4166851-spells-doom-bitcoin?auth_param=1ehdal:1de6d9r:998a4d45efa366c6d3a89b51e4cd2bfc&uprof=45&dr=1
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