Topic: LET'S ANALYSE ALL OF THIS FUD in 1 place .- 1% truth 99% Misleading bullshit. (Read 72 times)
February 03, 2018, 07:52:14 AM
February 03, 2018, 05:31:24 AM
Yes sure,these FUDs causes a lot of panic to our community,most of these FUDs are being created by the big players not only whales but also financial institutions like CME,wallstreet,these are the main manipulators of Bitcoin's price.All we need to do is to adjust to what they want to do,for example they want to dump bitcoin we should be thinking one step ahead so we can survive this crash,because most of the people in the market are too scared and will start panic selling when unconfirmed news comes out.
February 03, 2018, 02:39:47 AM
February 03, 2018, 01:59:00 AM
I believed that this successive FUD that are mentioned in your list has a connection to each other which includes the media!
I have this feeling that this is a coordinated attack to regulate the Peoples new currency technology as they are afraid that they can't control the crowd in the future with this decentralized system!
And so i am expecting a deeper price drop on this coming Chinese New Year! Honestly, i'm not convinced that the contract of CM Futures has already expired as proclaimed!
I have this feeling that this is a coordinated attack to regulate the Peoples new currency technology as they are afraid that they can't control the crowd in the future with this decentralized system!
And so i am expecting a deeper price drop on this coming Chinese New Year! Honestly, i'm not convinced that the contract of CM Futures has already expired as proclaimed!
February 02, 2018, 11:58:47 PM
Let's add the latest FUD here all in one place and deal with it as new fud arises. We can update the OP so people don't need to create 25 face book bans crypto threads on the main page. Makes us all look like a bunch of pathetic sheep all crying and bleating to each other the same bullshit over and over.
1. S Korea -
S. korea are simply regulating crypto - reasonable regulation is good and essential for main stream adoption. Let's not cry about giving a few % tax so we can see mainstream adoption. End uncertainty and bring in bigger investors and those that are less risk adverse.
- so always going to happen if you want it mainstream.... the govs want their tax you all know this...that's just how it is.
2. Face book banning crypto -
what did we think would happen when all the scamming ICO;s were sucking in their audience through their ads?
ico's ruined it for legit crypto there, but if you need a face book ad to inspire you to investigate crypto now as an investment you probably are not a high net worth individual. If you were the type to give your money to a stranger on the internets for a bag of wishes and promises then you are better off not getting these adverts in front of your face. Better to hear from a trusted friend (surely they must have friends i mean they have 100000s of them on facebook dont they) a real account of them actually making returns on something. If their friend got lucky then perhaps they will rather than going in on a blatant scam. If their friend pulls them into a ponzi then that's one less friend you have to buy for at xmas time ...so over the next years you will get your dollars back.
- so its a shame you all let legit crypto get lumped in with ico scams. I blame coin market cap for this more specifically for rating them altogether. Trustless decentralised crypto is not the same as premined schemes that require trust from the outset. These are almost direct opposites.
but face book is nothing to worry about really... more centralised dinosaur that will phased out in near term and i understand their action here to protect themselves and their users anyway.
3. Tether getting audited.
GOOD. If they are legit then good, and they must submit to regular audits in future. If they are scamming us all then throw them in jail. These agencies who ever they are demanding to see their books are doing us a favour.
We need to weed out the scammers dont we. So this is simply progress in the direction we need to go. When do we find out if these tethers are backed by real USD anyway? I don't see how 2bn is going to take down a 700bn (of course all these market cap numbers are a joke anyway we need a better metric to work by) industry anway. I mean they cant have faked the entire 2BN can they? If they have faked even a few % i guess we wont be seeing them for a long time anyway.
4. India banning crypto and terminating entire villages and towns if anyone is heard talking about bitcoin or crypto
Turns out to be the media reporting more false bullshit . I mean surely there should be some recompense for panic sellers who read these exaggerated almost terrifying headlines verging on outright lies and manipulations? some of the new sources are big too not just some university press all fucked up on weed. What is their excuse for putting this dirt to print before checking it out properly?
So their minister says we don't recognise crypto as legal tender (fair enough) and we will do what we can to stop criminals using it?
But wait we love bitcoins blockchain tech and since we are a country of IT pros and tech junkies we fully intend on integrating this shit everywhere we can for max benefit to our society.
5. 2 big banks in the US are stopping people using their CC to buy crypto direct?
This is of course sensible and prudent. You can imagine the sort that are going to get hurt here. Those that will stock up on BTC to push into ICO's waiting for those 50x returns by next month and since they have now probably a 1 in 20 or less chance of getting into a GOOD ico that will do anything other than cost them money things wont end well. That i think is giving generous odds too.
I mean you are litterally buying thin air with most icos they have no working product and you get to read all about their dreams and promises on that nice white paper. That white paper more often than not is full of marketing bullshit that only the top dev teams would ever be able to pull off and there are not many top dev teams here to go around. Probably less than 50 out of 1000's and 1000's of projects.
Even buying btc with money you do not have is kind of risky depending on your circumstances but then swapping that btc or eth for dreams and talk is verging on super high risk/ financial suicide.
6 China - - this one who knows... they have caused more ups and downs and instability in btc and crypto than any other country. If they are out for real long term I feel they are the ones that lose. We lose their capital but we gain greater stability. I would rather they regulate and get on board properly but if they must leave then I feel at this point they can do no real further damage.
I'm not seeing anything here other than crypto pushing towards mainstream, govs capitulating to the tech but wanting their slice (fair enough) and some companies taking some sensible actions that are actually preventing us pumping our crypto engines too quickly with poor grade fuel. These are actually filtering the investors that come in. You don't want bunches of people coming in too fast not doing enough homework, getting burned hard and leaving telling all who will listen crypto is a scam.
This is just the fud... There is a ton of good news coming out constantly but the media never reports that for some reason.
Leave comments with details if you think any of what i have written is incorrect so I can amend it if need be. This is just based on some light reading i did lately.
1. S Korea -
S. korea are simply regulating crypto - reasonable regulation is good and essential for main stream adoption. Let's not cry about giving a few % tax so we can see mainstream adoption. End uncertainty and bring in bigger investors and those that are less risk adverse.
- so always going to happen if you want it mainstream.... the govs want their tax you all know this...that's just how it is.
2. Face book banning crypto -
what did we think would happen when all the scamming ICO;s were sucking in their audience through their ads?
ico's ruined it for legit crypto there, but if you need a face book ad to inspire you to investigate crypto now as an investment you probably are not a high net worth individual. If you were the type to give your money to a stranger on the internets for a bag of wishes and promises then you are better off not getting these adverts in front of your face. Better to hear from a trusted friend (surely they must have friends i mean they have 100000s of them on facebook dont they) a real account of them actually making returns on something. If their friend got lucky then perhaps they will rather than going in on a blatant scam. If their friend pulls them into a ponzi then that's one less friend you have to buy for at xmas time ...so over the next years you will get your dollars back.
- so its a shame you all let legit crypto get lumped in with ico scams. I blame coin market cap for this more specifically for rating them altogether. Trustless decentralised crypto is not the same as premined schemes that require trust from the outset. These are almost direct opposites.
but face book is nothing to worry about really... more centralised dinosaur that will phased out in near term and i understand their action here to protect themselves and their users anyway.
3. Tether getting audited.
GOOD. If they are legit then good, and they must submit to regular audits in future. If they are scamming us all then throw them in jail. These agencies who ever they are demanding to see their books are doing us a favour.
We need to weed out the scammers dont we. So this is simply progress in the direction we need to go. When do we find out if these tethers are backed by real USD anyway? I don't see how 2bn is going to take down a 700bn (of course all these market cap numbers are a joke anyway we need a better metric to work by) industry anway. I mean they cant have faked the entire 2BN can they? If they have faked even a few % i guess we wont be seeing them for a long time anyway.
4. India banning crypto and terminating entire villages and towns if anyone is heard talking about bitcoin or crypto
Turns out to be the media reporting more false bullshit . I mean surely there should be some recompense for panic sellers who read these exaggerated almost terrifying headlines verging on outright lies and manipulations? some of the new sources are big too not just some university press all fucked up on weed. What is their excuse for putting this dirt to print before checking it out properly?
So their minister says we don't recognise crypto as legal tender (fair enough) and we will do what we can to stop criminals using it?
But wait we love bitcoins blockchain tech and since we are a country of IT pros and tech junkies we fully intend on integrating this shit everywhere we can for max benefit to our society.
5. 2 big banks in the US are stopping people using their CC to buy crypto direct?
This is of course sensible and prudent. You can imagine the sort that are going to get hurt here. Those that will stock up on BTC to push into ICO's waiting for those 50x returns by next month and since they have now probably a 1 in 20 or less chance of getting into a GOOD ico that will do anything other than cost them money things wont end well. That i think is giving generous odds too.
I mean you are litterally buying thin air with most icos they have no working product and you get to read all about their dreams and promises on that nice white paper. That white paper more often than not is full of marketing bullshit that only the top dev teams would ever be able to pull off and there are not many top dev teams here to go around. Probably less than 50 out of 1000's and 1000's of projects.
Even buying btc with money you do not have is kind of risky depending on your circumstances but then swapping that btc or eth for dreams and talk is verging on super high risk/ financial suicide.
6 China - - this one who knows... they have caused more ups and downs and instability in btc and crypto than any other country. If they are out for real long term I feel they are the ones that lose. We lose their capital but we gain greater stability. I would rather they regulate and get on board properly but if they must leave then I feel at this point they can do no real further damage.
I'm not seeing anything here other than crypto pushing towards mainstream, govs capitulating to the tech but wanting their slice (fair enough) and some companies taking some sensible actions that are actually preventing us pumping our crypto engines too quickly with poor grade fuel. These are actually filtering the investors that come in. You don't want bunches of people coming in too fast not doing enough homework, getting burned hard and leaving telling all who will listen crypto is a scam.
This is just the fud... There is a ton of good news coming out constantly but the media never reports that for some reason.
Leave comments with details if you think any of what i have written is incorrect so I can amend it if need be. This is just based on some light reading i did lately.
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