How I Learned to Stop Worrying and Love FUD

Pursuer

legendary

Activity: 1638

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Where is my ring of blades...

Quote from: Pursuer on March 05, 2017, 04:29:30 AM

my gut tells me a new wave of FUD is going to hit us pretty soon.

oh I forgot to update this one

I would like to thank my gut once again for alerting me about FUD, I wish it was correct about the bottom but nonetheless the FUD came and gave us the $888 bottom to get ready for the $2000 rise.

my gut is silent right now though, I will keep my ears to the ground though Wink

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

my gut tells me a new wave of FUD is going to hit us pretty soon. it is the perfect timing too, there was a big rise and everybody made lots of profit and with all the misinformed newbies about ETF we can see some sell pressure pretty soon.
I am guessing a correction to $1100 can be possible. better go to my bank and get some fiat ready

Seansky

hero member

Activity: 560

Merit: 500

We dont need to worry about FUD since those who sell when they spread are the weak hands, trying to dump their coins thinking it is bitcoin's end. Well OP is right, even if there are, let's love it since it is good for short traders who sell high and buy at dips ending with more bitcoin or for a long term trader who can buy cheap bitcoins every time a dump occur. So all in all it is a win/win for many not only for those with weak hands though.

Spoetnik

legendary

Activity: 1540

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FUD Philanthropist™

Then i guess the time to buy is ALWAYS when i'm around Wink

Febo

legendary

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Merit: 1288

Quote from: RoommateAgreement on February 15, 2017, 10:50:24 PM

Quote from: aso118 on February 15, 2017, 08:02:01 PM

The uptrend seems to be pretty evident over the medium term. If you are sitting on a pile of cash, it is better to convert it to bitcoins as quickly as possible. Those dips might present opportunities later on, but today is as good a time as any to buy.

it is over the "long" term not medeum since it is for the past couple of "years" and yeah the dips are always a fantastic time to buy bitcoin and each day that passes the opportunity goes away. for example right now price is $1025 and we don't even know if it is going to come back down ever or not.

When everyone expect price will be $2000 tomorrow and no one expect Bitcoin price might fall down, those are most likely moments when price will really fall. And fall a lot.

Vaccinus

sr. member

Activity: 406

Merit: 250

Quote from: JosNekoKopa on February 16, 2017, 05:34:45 AM

I don't know how someone can stay calmed when dump starts, and all of a sudden you are bombarded from every source you watching with terrible news.. Im mediocre trader still learning, but how can you know that that is not 500$ dump or even lower? Everything looked like going back to beginning!

i'm with you, i'm also panicking when i see a big dump, not if i see 10% though, but if the dump is caused by a bad news i know that it was because of panic dumpers, and sooner or later the value will recover in time, otherwise i take the decision to sell a portion of my money

el kaka22

legendary

Activity: 3752

Merit: 1170

www.Crypto.Games: Multiple coins, multiple games

Quote from: Pursuer on February 17, 2017, 01:52:23 AM

Quote from: JosNekoKopa on February 16, 2017, 05:34:45 AM

I don't know how someone can stay calmed when dump starts, and all of a sudden you are bombarded from every source you watching with terrible news.. Im mediocre trader still learning, but how can you know that that is not 500$ dump or even lower? Everything looked like going back to beginning!

it is a valid concern and I am not pretending that I don't have it. but it is all about chances of different things to happen. and also it is the experience of knowing what can affect bitcoin price in what way and by how much, and then is it really serious or temporary dump to get cheaper coins.

-snip-

There are lot of differences between just FUD and impacting incidents. If you fail to differentiate them then no one will be able to help you regarding your worries on bitcoin prices. The real negative incidents are always impacting bitcoin prices and we need to bear them if we are a long term holders whereas FUDs will not sustain for one or two weeks and markets always witness a bounce back in quicker time.

Both investors and adopters of bitcoin need to concern the FUD, but the history has showed that we need not to bother them. Still if we bother, we can use them to buy back more Cheesy

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

Quote from: JosNekoKopa on February 16, 2017, 05:34:45 AM

I don't know how someone can stay calmed when dump starts, and all of a sudden you are bombarded from every source you watching with terrible news.. Im mediocre trader still learning, but how can you know that that is not 500$ dump or even lower? Everything looked like going back to beginning!

it is a valid concern and I am not pretending that I don't have it. but it is all about chances of different things to happen. and also it is the experience of knowing what can affect bitcoin price in what way and by how much, and then is it really serious or temporary dump to get cheaper coins.

for example when you hear bitfinex exchange is hacked, that news is obviously a dump chance to buy cheaper coins because it has nothing to do with bitcoin and its adoption and the price rise. so obviously it is temporary.

when you hear Mark Hearn spread some FUD because he is leaving bitcoin and going to work other places to make money, you know it is good chance to buy low price coins (I think it was $400)

or the newest one about the China and the regulations! it is obvious that the news is telling something when reality is something else, specially when you look at Chinese volume in other places such as localbitcoins that have gone up a lot.

and so many different things. add to it the fact that there is very limited supply of bitcoin and there are lots of people in the world who want or will want to buy bitcoin at some point, and you get the future possible price in long term. https://bitcointalksearch.org/topic/1-in-a-million-updated-for-2018-6-1790863

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Quote from: JosNekoKopa on February 16, 2017, 05:34:45 AM

I don't know how someone can stay calmed when dump starts, and all of a sudden you are bombarded from every source you watching with terrible news.. Im mediocre trader still learning, but how can you know that that is not 500$ dump or even lower? Everything looked like going back to beginning!

It's quite unlikely that it'll fall too low unless there's a problem reported here or github (or other sites) that state there is a hack and the hack has been proven to do something that damages how Bitcoin functions.
Those are quite unlikely currenty, though they could still happen.
If that isn't the case, then it's likely it's just a dump and someone will buy back the coins and get the price back up again (unless everyone panicks like you do and sells all of their coins immediately - because then there is quite a problem to the ecosystem).

JosNekoKopa

sr. member

Activity: 476

Merit: 250

I don't know how someone can stay calmed when dump starts, and all of a sudden you are bombarded from every source you watching with terrible news.. Im mediocre trader still learning, but how can you know that that is not 500$ dump or even lower? Everything looked like going back to beginning!

RoommateAgreement

hero member

Activity: 770

Merit: 500

Bazinga!

Quote from: aso118 on February 15, 2017, 08:02:01 PM

The uptrend seems to be pretty evident over the medium term. If you are sitting on a pile of cash, it is better to convert it to bitcoins as quickly as possible. Those dips might present opportunities later on, but today is as good a time as any to buy.

it is over the "long" term not medeum since it is for the past couple of "years" and yeah the dips are always a fantastic time to buy bitcoin and each day that passes the opportunity goes away. for example right now price is $1025 and we don't even know if it is going to come back down ever or not.

The_Dark_Knight

hero member

Activity: 840

Merit: 502

Correct, price dips should not be seen as a setback rather they must be seen as a short time opportunity to buy more bitcoin with a discount, if you are a long term holder then this will help you to get more bitcoin for less, if you are a short term holder then you will be able to profit faster with your bitcoin holdings.

aso118

legendary

Activity: 1918

Merit: 1012

★Nitrogensports.eu★

The uptrend seems to be pretty evident over the medium term. If you are sitting on a pile of cash, it is better to convert it to bitcoins as quickly as possible. Those dips might present opportunities later on, but today is as good a time as any to buy.

BillyBobZorton

legendary

Activity: 1204

Merit: 1028

It's going to be fun when the idiots waiting for the big crash stay on the fiat side hoping for the cheap coins that never arrive. We will be at $2000 and they will still be FUDDING waiting for a big crash to get in. Those idiots will never leanr to buy the damn dips.

Monnt

legendary

Activity: 938

Merit: 1002

Quote from: JosNekoKopa on February 15, 2017, 06:21:35 AM

Problem is in those who controlled vast amounts of BTCs thay manipulation it on every exchange, and they forming price. Demand and Supply have nothing with this at the moment. They can control price and relevance of news.. Manipulations are best way for those who are rich to become even more rich.

This does not need to be true. Because when I am having more number of bitcoins, definitely I will work for price appreciations and there will be no room for FUD.

People who were missing earlier opportunities only must be spreading negative things. But some news were solely due to government polices no single person would have been responsible for that. But like OP said, if we get practice to buy back on every dip and making use of these fluctuations then there will be no need to worry.

valta4065

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Join @Bountycloud for the best bounties!

Quote from: Paashaas on February 10, 2017, 10:03:27 AM

Those ~~''depressing''~~ sub $200-$400 opportunity's where indeed very nice Cheesy

It's depressing as hell ><
When I think there was a time I could have bought coins at 200...
And I barely bought one coin!!!
I regret that so much xD
Should have sold my damn house at that time!

JosNekoKopa

sr. member

Activity: 476

Merit: 250

Problem is in those who controlled vast amounts of BTCs thay manipulation it on every exchange, and they forming price. Demand and Supply have nothing with this at the moment. They can control price and relevance of news.. Manipulations are best way for those who are rich to become even more rich.

Red-Apple

hero member

Activity: 1470

Merit: 655

Quote from: JosNekoKopa on February 15, 2017, 04:56:06 AM

These days it is very hard to distinguish which informations are relevant and which are not, and people start panicking and creating chaos. Informations are interpreted on wrong way in medias, wich ary hungry only for a bloody stories. Knowing this it is best to turn-of PC when fud starts. This opportunity is not for everyone.

in my experience being relevant and being effective on the price are two different things when it comes to speculating about bitcoin price.
sometimes even the most irrelevant news which you can swear they have no effect on anything can cause a price change. and some real news about some stuff that should change the price, don't.
in the end it is a combination of news itself, how it is treated by the media and the time that if the time is right anything can become a big news.

lionheart78

legendary

Activity: 2982

Merit: 1153

Quote from: JosNekoKopa on February 15, 2017, 04:56:06 AM

These days it is very hard to distinguish which informations are relevant and which are not, and people start panicking and creating chaos. Informations are interpreted on wrong way in medias, wich ary hungry only for a bloody stories. Knowing this it is best to turn-of PC when fud starts. This opportunity is not for everyone.

Oh well what do you expect from news and medias. They always sensationalize their piece to the point of exaggerating it just to get people attention. Sometime headings does not say the content of their news, just to get those looker to get hooked and read their story. But not all browsers read stuff, most just read the headline and jump into conclusion (it happen frequently here, read the title and post without reading the body of the title lol)

As of FUD stuff, do not turn off your PC, this is the great opportunity to Buy Bitcoin because it is going to go down in price. Monitor the BTC price movement and take the pie of the BTC of those weaker hands when they decided to sell their BTC due to panic.

JosNekoKopa

sr. member

Activity: 476

Merit: 250

These days it is very hard to distinguish which informations are relevant and which are not, and people start panicking and creating chaos. Informations are interpreted on wrong way in medias, wich ary hungry only for a bloody stories. Knowing this it is best to turn-of PC when fud starts. This opportunity is not for everyone.

Topic: How I Learned to Stop Worrying and Love FUD (Read 2538 times)