Hilarious FUD article about Bitcoin of course being doomed

audaciousbeing

hero member

Activity: 1330

Merit: 569

Quote from: thecodebear on April 27, 2018, 11:15:23 AM

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

FUD will always come and they don't get tired but what keeps amusing me is that despite the situation, they always have something to say. During the high price, they are quick to release statement about how its a pump and how its going to crash citing several historical statistics to back up such claim forgetting that the present is not a determinant of the future. When the price is equally going down, they are also quick to chip in about how their warnings are coming true and it is the end, its dead, the burble has bursted etc. The solution is to ignore and continue to ignore because ignoring once won't stop them from coming.

salterious

full member

Activity: 258

Merit: 100

The revolutionary Export system/One-click Export

Shouldn't take more than a couple days I believe you mean OP, in a few weeks we will have all kinds of news. These types of people shouldn't be allowed writing, making such extreme statements. It is unfortunate that they use this method as click-bait and that is the reason this story exists. If you talk to the author I bet you anything they don't even believe what they wrote. Teetering on the line of fake news if you ask me.

siti25

hero member

Activity: 574

Merit: 503

Quote from: thecodebear on April 27, 2018, 11:15:23 AM

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

do not be too confident with news like this, this will only make us lose and make big investors become anxious.

jseverson

hero member

Activity: 1834

Merit: 759

This only really mentions Bitcoin in passing though. It seemed to me like it was FUDing GBTC rather than BTC. It just uses BTC to drive its point home. Heck, all the charts it cited are of the traditional stock market..

Either way, why would you invest in GBTC when you can invest in BTC directly anyway? It's highly likely the author doesn't know much about crypto at all. It's usually safe to ignore FUD about Bitcoin, but it's especially safe to ignore this one.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: Pursuer on April 30, 2018, 01:43:34 AM

all these dumb FUDs on the internet have one thing in common and that is the fact that they are all poorly written and are 100% ineffective. these dumb people who make these FUDs think just because they are talking against bitcoin they are spreading FUD but if you ask me we shouldn't even be calling them FUD because a real FUD is a well thought misleading article that is based on facts, is well written and has a good timing that is why they are effective.

in any case this dumbness can easily be detected by anyone who has been around for a short while to see at least 2 of these bullshits Cheesy

But you have to understand that they are doing this only because they have their self interests at hand. They are already "short" GBTC and want it to crash. Hahaha.

We as "permabulls" are also guilty of the same, but on the opposite side of the scale. I know I want to sell some of my Bitcoin when it reaches 6 digits. Cool

bobo012

sr. member

Activity: 714

Merit: 257

Quote from: Altcoins enthusiast on April 30, 2018, 01:10:50 AM

I am happy some of us has started to understand how people create fud in other to bring bitcoin and altcoins market down and we should not see there act as enemycal but we should understand they tricks.

Exactly, we have learned not to worry about dips, but new people didnt. We just have to hold and add on dips. Then we have to wait it out a few years and all will be good

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

all these dumb FUDs on the internet have one thing in common and that is the fact that they are all poorly written and are 100% ineffective. these dumb people who make these FUDs think just because they are talking against bitcoin they are spreading FUD but if you ask me we shouldn't even be calling them FUD because a real FUD is a well thought misleading article that is based on facts, is well written and has a good timing that is why they are effective.

in any case this dumbness can easily be detected by anyone who has been around for a short while to see at least 2 of these bullshits Cheesy

followmenot

sr. member

Activity: 533

Merit: 251

Streamity Decentralized cryptocurrency exchange

People spent their life on traditional economics have no clue about bitcoin. Its very very normal thing. They don't know even history of bitcoin how it kept recovering after crashes and reached higher prices..

Altcoins enthusiast

member

Activity: 490

Merit: 17

I am happy some of us has started to understand how people create fud in other to bring bitcoin and altcoins market down and we should not see there act as enemycal but we should understand they tricks.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

The whole article reads like a long post in a forum made by a user called Kwukduck. Hahaha.

From the article's summary.

Quote

Cryptocurrencies have been trading under pressure since the end of last year.

No, the pressure is slowing down. There is not as many FUD and market sell down happening.

Quote

Digital assets are at a critical inflection point in terms of their broader acceptance and legitimacy within the financial markets, and this is being shown on the price charts.

The price charts are starting to look good. But I agree that an "inflection point" will come when the next global financial crisis hits. It may end up being Bitcoin's "killer app". Cool

Quote

We believe that all the “hype” has run its course, and that it is time to start going the other way in the Bitcoin Investment Trust.

"Hype" comes and goes. It is time for the next one.

What are you doing by holding Bitcoin Investment Trust? Hahahaha.

Quote

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

My mistake.

Then good! Hahahaha.

magneto

hero member

Activity: 1666

Merit: 753

It is definitely ridiculous, and is completely speculative in itself.

He seems to think that bitcoin will only survive with hype, although that's definitely not the case. Bitcoin has survived bear markets as well as bull markets.

He is overreacting to a lot of things mentioned in the article, and no doubt, the article was probably made for the sole intention of bringing up some more uncertainty in the market's minds.

If any piece of bad news is able to send bitcoin down into a downward spiral, bitcoin would have collapsed thousands of times already. It's almost a daily occurrence that bitcoin gets negatively covered in the media. Sometimes, it does have some negative effects, but these effects aren't long lasting and definitely won't affect any long term holders of BTC. Remember that FUD from news pieces go as quickly as they come. Markets may react to it, but only for a short amount of time before another piece of news takes their atteinton.

cmacwiz

sr. member

Activity: 704

Merit: 270

Quote from: thecodebear on April 27, 2018, 11:15:23 AM

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

This is such a ridiculous article, only noobs fall for these kind of articles now a days. These kind of articles are mostly written for small cap coins whose price can easily be manipulated by spreading fake news on a few websites.

tomahawk9

hero member

Activity: 2086

Merit: 994

Cats on Mars

Quote from: GoldenLad on April 28, 2018, 03:51:55 AM

So many newbies who just started out with bitcoin will see this news and freaks out and this is because they don't know the value, important and future worth of bitcoin. Many of them believes that the price of bitcoin should always be on the high without a single dip. But they don't know that the price fluctuation of bitcoin is one of it characteristics and indirectly, it favor we they investors.

Some newcomers might freak out but only if this "news" causes a lot of noise, which I don't think it'll do since we see FUD articles pretty much on a daily/weekly basis yet we don't to see a massive sell-off from the weak hands whenever a FUD article pops up.
But I think we're at that point where even the bitcoin noobs are starting to realize that these kind of articles are nothing more than gargabe, they know these type of negative news have no effect (maybe a small dip but nothing more) in the market in the long run...

GoldenLad

member

Activity: 266

Merit: 12

So many newbies who just started out with bitcoin will see this news and freaks out and this is because they don't know the value, important and future worth of bitcoin. Many of them believes that the price of bitcoin should always be on the high without a single dip. But they don't know that the price fluctuation of bitcoin is one of it characteristics and indirectly, it favor we they investors.

starblocks

hero member

Activity: 1344

Merit: 502

That article is quite speculative and doesn't have a very optimistic outlook

The amount of negative publicity thrown at it so far this year hasn't resulted in a total collapse yet even though anythings possible it does not seem that likely

pooya87

legendary

Activity: 3472

Merit: 10611

i think the author of that topic has heard something about how bad/negative news or FUD can affect bitcoin price and cause drops and now he thinks he is an expert on the matter. then he uses that fact and exaggerates is a lot more than it really is.
it is true that negative news has negative effect on bitcoin price, but it won't kill it and not all of them have the same size of effect on price either. and most importantly negative news needs perfect timing otherwise it is just noise. for example a negative news during a bull run is just wind in the air that nobody cares about.

thecodebear

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Activity: 2240

Merit: 848

Quote from: timerland on April 27, 2018, 06:31:08 PM

Quote from: thecodebear on April 27, 2018, 11:15:23 AM

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

He clearly doesn't know what he's talking about.

Bitcoin markets are cyclic in nature, and obviously there will be bear and bull markets. Anyone sees that. Certain events does affect bitcoin prices in the short term, but no way are they going to "destroy" the entire market.

Again, the hype that he talked about has indeed died down, but that does not affect the long term adoption of bitcoin at all. It's literally just a bull market coming to an end, jeez. Nothing more than that. I don't think the author realizes that in a bull market, people get hyped up, and in a bear market, the hype dies down. It's completely normal, and will eventually recover once the next bull market comes by. Honestly, just ignore these articles as they clearly have no substance to them.

haha yea so true. I've seen so many articles saying how bitcoin is doomed because transaction volume and interest have dropped so much since december. It's like well duh December was a straight up mania phase of course interest and txs are much lower during a bear market! Silly people.

timerland

hero member

Activity: 1526

Merit: 596

Quote from: thecodebear on April 27, 2018, 11:15:23 AM

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

He clearly doesn't know what he's talking about.

Bitcoin markets are cyclic in nature, and obviously there will be bear and bull markets. Anyone sees that. Certain events does affect bitcoin prices in the short term, but no way are they going to "destroy" the entire market.

Again, the hype that he talked about has indeed died down, but that does not affect the long term adoption of bitcoin at all. It's literally just a bull market coming to an end, jeez. Nothing more than that. I don't think the author realizes that in a bull market, people get hyped up, and in a bear market, the hype dies down. It's completely normal, and will eventually recover once the next bull market comes by. Honestly, just ignore these articles as they clearly have no substance to them.

thecodebear

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Activity: 2240

Merit: 848

Quote from: HabBear on April 27, 2018, 03:19:59 PM

Here's another quote from the SeekingAlpha article:

Quote from: https://seekingalpha.com/article/4166851

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.

Haha yes after reading it I was like wow that thing was dumb but dammit they got me to read it, and that's probably their only goal in such an absurdly stupid clickbait article.

HabBear

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Activity: 1106

Merit: 638

Quote from: RodeoX on April 27, 2018, 03:21:29 PM

I have made sooo much money ignoring stuff like this. Wink

Yeah man, buy on the dip...every time.

The reality is that if you still believe in the utility of the the cryptocurrency, negative news only provides buying opportunities. But always keep that sentiment grounded within the context of your own investment portfolio.

lusa

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/

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

I have made sooo much money ignoring stuff like this. Wink

HabBear

hero member

Activity: 1106

Merit: 638

Here's another quote from the SeekingAlpha article:

Quote from: https://seekingalpha.com/article/4166851

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.

thecodebear

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

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