Yesterday's dip showcased this beautifully. A cocktail of news, profit-taking, and pre-set targets sent it tumbling towards $40k, only to be met by a wave of opportunistic buyers eager to snatch up bargains. It was a microcosm of the entire market, a constant push and pull, a waltz of fear and exuberance.
While eliminating FOMO entirely might be akin to defying gravity, I agree that individual discipline plays a crucial role. Setting clear goals, investing within your risk tolerance, and developing a long-term vision can be your armor against the siren song of the moment.
Topic: One more filed smear campaign against Bitcoin (Read 352 times)
Haven't we learnt from the past? We are still doing panic selling which was witnessed as there were fuds created by some influencers about possible rejection of spot ETF and once this spread across we saw how people were on selling mode which literally brought down the value of Bitcoin to $40750. But this was a tight slap on face of those who tried bringing down Bitcoin as it survived this attempt as well and rising again.
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Don't think about yourself. Think about other people out there.~
You might not get panicked because you've seen it numerous times already, but there are still newbies out there who don't know what to do at times like that, thus they are panicking and then selling their Bitcoin.
I can't say the exact number, but I believe that there is always a newbie who comes and invests in Bitcoin on a daily basis. These newbies are the ones who don't know what to do when the worst thing happens. These investors are the ones that didn't experience the negative side of cryptocurrency. For the newbies, see FUDs as negative, but for old ones, see FUDs as opportunities. I mean if you only bought Bitcoin near its lows, you are now at least up by 5% or even more with your capital.
Ask a friend of mine about the recent dump, seems that it's miners selling a lot of their bitcoin that have been on hodl for a really long time. Sad thing that a lot of people have panicked and now they've made a mistake, the prices are stabilizing again and now they either can come back because they've lost value or they're so shocked at what happened. Can't blame them though, they're going to do that kind of thing no matter how much we want to warn people not to panic sell, some people just don't have the nerve to not sell when the price is not looking favorable to them.
Imagine spending money and resources creating smear campaigns against Bitcoin when you could just buy some. 
firstly spending small money to create smear campaign. EG paying a couple trolls a couple hundred bucks to echo chamber a mantra.. if done right causes bitcoin price to discount saving someone THOUSANDS when they buy
I'm not sure why people think there is going to be an ETF verdict soon. Government agencies are not known to work quickly.
governments have deadlines and one deadline is next week
Haven't we learnt from the past? We are still doing panic selling which was witnessed as there were fuds created by some influencers about possible rejection of spot ETF
The real FUD comes from buying into the myth that institutional investors matter. Bitcoin functions just fine without them. It's only speculators who care about this.
It is possible that the SEC could reject every single one of the current applications. And it wouldn't matter in the slightest. Unless you're a speculator and the current price in fiat is important to you.
Haven't we learnt from the past? We are still doing panic selling which was witnessed as there were fuds created by some influencers about possible rejection of spot ETF and once this spread across we saw how people were on selling mode which literally brought down the value of Bitcoin to $40750. But this was a tight slap on face of those who tried bringing down Bitcoin as it survived this attempt as well and rising again.
But why has people got to be so concerned about this bitcoin spot ETF approval of a thing or not, any small changes observed with the bitcoin market price will be attributed to the event of breaking news on ETF approval, I can remember very well that Bitcoin has always been this volatile even before the issue of ETF application comes onboard, the market has been rising and falling and we are majorly focused on the halving, but what is happening now that we are shifting concentration on that to what may not really matters that much.
We can't prevent that from happening, since we have our pwn judgment from things to things.
People who believe on influencers spreading FUDs are just those whose knowledge is not enough to figure out that ETF's approval will not determine Bitcoin's future. That's why it is so important to study as much as possible about bitcoin and other cryptocurrency to avoid panic selling and being in FOMO to avoid losing opportunities that could give you profits in the long term.
People who believe on influencers spreading FUDs are just those whose knowledge is not enough to figure out that ETF's approval will not determine Bitcoin's future. That's why it is so important to study as much as possible about bitcoin and other cryptocurrency to avoid panic selling and being in FOMO to avoid losing opportunities that could give you profits in the long term.
Haven't we learnt from the past? We are still doing panic selling which was witnessed as there were fuds created by some influencers about possible rejection of spot ETF and once this spread across we saw how people were on selling mode which literally brought down the value of Bitcoin to $40750. But this was a tight slap on face of those who tried bringing down Bitcoin as it survived this attempt as well and rising again.
In every bitcoin market circle, there exist as a new cats and old cats and by cats I mean investors. Expect new people to have bought when the price was lower which was around 2022 and are now in profits in 2024 and because of the nature of bitcoin crash, they don't want to take chances and see that profits wash down by some price whales.
Similarly to old cats, some of them has been holding bitcoin since last bull run and I guess they must have bought at all time high, so now they are waiting for Bitcoin price to recover so they can pull out their investment and wait to buy back again. This is why I think that people will always sell even if the market is bullish.
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When I as we I meant those who have panic sold their holding and it's sad people don't understand that just one event like spot ETF approval cannot define Bitcoin's future and people should stop believing in these smear campaigns because no one can predict much about crypto or Bitcoin.
I just think that people are entitled to their investment and they can do whatever they choose to do with their investment. What is even the essence of investment if you can't lock in profit when you like. This is one of the freedom of investing in bitcoin, it's an open market and free will of people, expect them to do what they want to do with their investment.
The classic Bitcoin smear campaign - isnt it a rite of passage? Every hint of negativity triggers panic selling. Dont be too hard on panic sellers. It takes courage (or naivety?) to see your digital gold disintegrate into dust at the slightest sign of trouble.
Bitcoin is a belief system, not a currency or investment. It has fanatics and skeptics like any religion. The recent ETF mess? Another Bitcoin chapter. The price sank to $40,750, but look at the recovery! Bitcoin seems to like defying doomsayers.
So, to all you sellers going crazy, I have news for you: Bitcoin isnt a passing trend. Stronger storms have hit it. It goes beyond market patterns and ETF approvals. This is a dramatic change in value and transaction perception. Smear campaigns? They're noisy.
Bitcoin is a belief system, not a currency or investment. It has fanatics and skeptics like any religion. The recent ETF mess? Another Bitcoin chapter. The price sank to $40,750, but look at the recovery! Bitcoin seems to like defying doomsayers.
So, to all you sellers going crazy, I have news for you: Bitcoin isnt a passing trend. Stronger storms have hit it. It goes beyond market patterns and ETF approvals. This is a dramatic change in value and transaction perception. Smear campaigns? They're noisy.
I don't really care about this because if I'm not mistaken at the end of 2023 there will indeed be ETF news and what I heard is that they still deny the existence of bitcoin, finally bitcoin fell briefly as if it didn't have too much influence on the bitcoin price trend. Bitcoin is pretty solid right now, so there's no need to worry about Bitcoin ETFs this year. We don't even know that if they refuse again, it doesn't necessarily mean that Bitcoin will actually be a negative trend for a long time.
Imagine spending money and resources creating smear campaigns against Bitcoin when you could just buy some.
I'm not sure why people think there is going to be an ETF verdict soon. Government agencies are not known to work quickly.
I'm not sure why people think there is going to be an ETF verdict soon. Government agencies are not known to work quickly.
Many people investing in bitcoin and other crypto currencies are not as educated about the whole thing as many people here in this forum. They just got advised to invest by some financial adviser or whatever or got caught up in main stream media that crypto is the thing to be in "don't miss your chance now" .
These people are most likely the ones that panic sell because they have no clue how the market moves and reacts. All they see is 1 tweet or one red number in the daily graph just to change their mind and sell as fast as they can.
Serious bitcoin enthusiasts don't even bother to look at the price for week or even months. They know they are in for the long run and it will most likely pay out whenever they decide to liquidate their investments.
These people are most likely the ones that panic sell because they have no clue how the market moves and reacts. All they see is 1 tweet or one red number in the daily graph just to change their mind and sell as fast as they can.
Serious bitcoin enthusiasts don't even bother to look at the price for week or even months. They know they are in for the long run and it will most likely pay out whenever they decide to liquidate their investments.
When FA news and rumors pumps the price of Bitcoin, it's all good. The moment it's done to have a net negative market impact, everyone goes about how we shouldn't listen to influencers and panic sell when in fact, these kinds up FA updates have been one of the very few things that have moved the price of cryptos for years.
Well, yesterday's sell ofds were just sneak peeks of how the market will react should the Bitcoin ETFs lined up for 2024 are all rejected.
Let's remember that Potential ETF approval news have boosted the price to the level we're at today.
This news will be an encouragement to experts who continue to follow the news that bitcoin conditions will improve again in 2024.Well, yesterday's sell ofds were just sneak peeks of how the market will react should the Bitcoin ETFs lined up for 2024 are all rejected.
Let's remember that Potential ETF approval news have boosted the price to the level we're at today.
a process will become a priority for bitcoin experts with good news to continue the positive trend when they hear that there is a movement for something that is emerging in a direction that is not negative.
If something like that happens, it's time for us to prepare again for mid-2024 just to balance market prices until the conditions are realized without any rejection.
When FA news and rumors pumps the price of Bitcoin, it's all good. The moment it's done to have a net negative market impact, everyone goes about how we shouldn't listen to influencers and panic sell when in fact, these kinds up FA updates have been one of the very few things that have moved the price of cryptos for years.
Well, yesterday's sell ofds were just sneak peeks of how the market will react should the Bitcoin ETFs lined up for 2024 are all rejected.
Let's remember that Potential ETF approval news have boosted the price to the level we're at today.
Well, yesterday's sell ofds were just sneak peeks of how the market will react should the Bitcoin ETFs lined up for 2024 are all rejected.
Let's remember that Potential ETF approval news have boosted the price to the level we're at today.
The misleading media, malicious influencers, whales, and others whose wallets were not sufficiently filled with Bitcoin at the time of its price decline are the ones who spread these false expectations, rumors, and smear campaigns to drive investors out of the market, prompting them to sell in panic, lowering the price of Bitcoin so that they can enter during these times to buy Bitcoin at an attractive price. While the approval of Bitcoin Spot ETF may be an important event in the cryptocurrency industry, boosting investor sentiment and allowing a positive impact to dominate Bitcoin's price, if things don't go as we expect and what businessmen and major investors expect in terms of approval, this does not mean the end of Bitcoin or its future stopping there.. There's the halving event and many other factors, reasons, and events that will make Bitcoin more rare and more valuable than ever before. Just don't succumb to FUD.
Haven't we learnt from the past? We are still doing panic selling which was witnessed as there were fuds created by some influencers about possible rejection of spot ETF and once this spread across we saw how people were on selling mode which literally brought down the value of Bitcoin to $40750. But this was a tight slap on face of those who tried bringing down Bitcoin as it survived this attempt as well and rising again.
When I as we I meant those who have panic sold their holding and it's sad people don't understand that just one event like spot ETF approval cannot define Bitcoin's future and people should stop believing in these smear campaigns because no one can predict much about crypto or Bitcoin.
Those behind that campaign most likely achieved their objectives, they wanted to make the price of bitcoin to go down and if they used leverage to short the market then they made a lot of money even with that small movement, the ones that lost like always are the people that let their emotions to take control and listen to what a bunch of influencers and bots had to say, it is disappointing this keeps happening, but as long as they do not learn then those market manipulators have no reason at all to change their tactics. When I as we I meant those who have panic sold their holding and it's sad people don't understand that just one event like spot ETF approval cannot define Bitcoin's future and people should stop believing in these smear campaigns because no one can predict much about crypto or Bitcoin.
Haven't we learnt from the past? We are still doing panic selling which was witnessed as there were fuds created by some influencers about possible rejection of spot ETF and once this spread across we saw how people were on selling mode which literally brought down the value of Bitcoin to $40750. But this was a tight slap on face of those who tried bringing down Bitcoin as it survived this attempt as well and rising again.
There's no stopping this because it's part of the ever-present FOMO of thinking that ETFs are the only way for bitcoin to keep rising.Things like this are bound to happen and they include will always utilise all means to make them individually profitable and aim for people to sell their bitcoin especially for beginners who really believe that ETFs are the way to bring bitcoin higher and when ETFs are not approved bitcoin will not move and instead they will lose.
But indeed things like this need to be emphasised to those new people who still believe in things like this so that panic can still be minimised. Even though if we remain confident in the long-term plans we have, we should be calm that things like this will not interfere with the plans we do for the long term.
When I as we I meant those who have panic sold their holding and it's sad people don't understand that just one event like spot ETF approval cannot define Bitcoin's future and people should stop believing in these smear campaigns because no one can predict much about crypto or Bitcoin.
Do you believe that a lot of investors panic sold their stashes that they prepared for the big post-halvening bull run? Because I believe that 90% of all trades are done by day traders who try to profit from all movements, all media narratives, be it positive or negative. If they are selling it's because they are shorting and plan to buy back later.
Yeah, the panic selling whenever there's bad news is like a never-ending cycle. It's pretty wild how a bit of FUD can still send everyone into a sell-off. You'd think we'd have learned by now. Bitcoin always seems to bounce back though, doesn't it? Shows that these knee-jerk reactions to things like ETF rumors aren't always the best move. The crypto world's full of ups and downs; just gotta ride it out sometimes.
The cycle won't go away as there are always new users in this market.
But for those who learned their lessons well, such situation will give them opportunity to stash more btc in their vaults.
So the approach varies from one person to another, and they will get the benefits depending on how they act according to their instincts on this market.
Lucky if you got yourself into a situation where you are already in profit from your stash, and finally sell it in the market.
Haven't we learnt from the past? We are still doing panic selling which was witnessed as there were fuds created by some influencers about possible rejection of spot ETF and once this spread across we saw how people were on selling mode which literally brought down the value of Bitcoin to $40750. But this was a tight slap on face of those who tried bringing down Bitcoin as it survived this attempt as well and rising again.
When I as we I meant those who have panic sold their holding and it's sad people don't understand that just one event like spot ETF approval cannot define Bitcoin's future and people should stop believing in these smear campaigns because no one can predict much about crypto or Bitcoin.
When I as we I meant those who have panic sold their holding and it's sad people don't understand that just one event like spot ETF approval cannot define Bitcoin's future and people should stop believing in these smear campaigns because no one can predict much about crypto or Bitcoin.
Yeah, the panic selling whenever there's bad news is like a never-ending cycle. It's pretty wild how a bit of FUD can still send everyone into a sell-off. You'd think we'd have learned by now. Bitcoin always seems to bounce back though, doesn't it? Shows that these knee-jerk reactions to things like ETF rumors aren't always the best move. The crypto world's full of ups and downs; just gotta ride it out sometimes.
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