One more filed smear campaign against Bitcoin - page 2.

letteredhub

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Quote from: kentrolla on January 04, 2024, 08:59:52 AM

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.

Hey mate, this market is beyond our pay grade I tell you all our money put together ain't even controlling a 1% of the market movement's, the movers and shakers of the market will always manipulate it in the direction it suites them, it is we the smallest fishes in the ocean that's been troubled and affected by the FOMO and FUDS that accompanies all of the events/news as they unfold. To be on on a safer side is by investing and hodling whatever amount you can afford to lose so that when others are selling you can deal with the fear and keep holding.

What makes many sell in such circumstance in this crypto market is that amny persons are holding crypto assets above what they can ordinarily afford to lose so in the case of any threatening news they panic to sell.

The Cryptovator

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I know a few influencers are even saying Bitcoin ETF approval would be a selling event as well. So I was expecting a sell-off after ETF approval. But surprisingly, yesterday the dump happened, and I was looking for reasons. In the end, I haven't found anything except massive liquidation. The market still remains bullish, and we are seeing how Bitcoin is almost recovering right now. A lot of predictors are saying we may see ETF approval in the first week of this month. So I believe we will see the good news very soon. We have to wait with patience; we need to just ignore things like FUD and don't panic.

coolcoinz

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Quote from: kentrolla on January 04, 2024, 08:59:52 AM

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.

Did it? Maybe on leveraged exchanges that are literally a factory producing bankrupt losers who think they can make easy money.
Here's 41454 on bitstamp.

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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.

So you don't know who it was yet?
I'll give you a hint. The platform that posted this FUD has ties to Jihan Wu, the well known BCH supporter.

puloweh555

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Quote from: criptoevangelista on January 04, 2024, 01:04:28 PM

sell now? That doesn't cross my mind, I'll start thinking about a possible sale when the price is close to 100 thousand dollars per unit.

Yes, exactly. Those of us in this forum should be smarter in responding to bad news or dirty campaigns circulating. Because we here already understand that bitcoin will not be affected by this news because bitcoin will continue to increase and we believe the four-year cycle is real. So keep doing dca we will reach 100 thousand dollars per bitcoin.

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Another thing I learned in my life in this cryptocurrency business, never follow influencers, you can lose all your money.

Influencers sometimes only take advantage of the moment of a developing issue to seek sensation and increase viewership, that is their only goal. As wise investors, we must understand how Bitcoin works so as not to be tempted by influencers who only sell fomo to the public.

criptoevangelista

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sell now? That doesn't cross my mind, I'll start thinking about a possible sale when the price is close to 100 thousand dollars per unit.

Another thing I learned in my life in this cryptocurrency business, never follow influencers, you can lose all your money.

goldkingcoiner

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Quote from: kentrolla on January 04, 2024, 08:59:52 AM

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.

Do not be too sure. I think that we will see more FUD in the coming days, which will push down the price of Bitcoin even further. It is obvious market manipulation, but there is nothing we can do but HODL and not give in to the panic.

And if you really want to stick it to the manipulative whales and their media/influencer friends who are trying as hard as they can to spread the obviously manufactured FUD, then buy the bottoms and hodl. No selling whatsoever.

If more people stuck to that strategy, then we would not see so much market manipulation.

Smartvirus

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Quote from: kentrolla on January 04, 2024, 08:59:52 AM

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.

One truth is, if you’ve been in this space for a couple of years and I don’t mean just having to invest in Bitcoin alone but to be involved in some news field or forum to discuss it’s mechanics and development, you would come to realize just how safe ot is and wouldn’t be moved by just any news or FUD that is being spread around.
The centralized nature of aspects to Bitcoin doesn’t define nothing of the currency. What they ought to realize first is that, Bitcoin is decentralized and having a decentralized system defined by centralized system is a big fraud and flaw. It just doesn’t make any sense. It’s always been a consensus of users and still would be.

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Quote from: kentrolla on January 04, 2024, 08:59:52 AM

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.

it is called market manipulation. that's how big whales manipulate crypto market and influencer smaller bitcoin holders and traders, trap them into their panic trap and when they get trapped. start panicking and selling these big whales buy those bitcoins at cheaper rates.
Imagine how those people are feeling now who fell into this trap and sold their bitcoins. it is very sad but there is nothing can be done.
While ETF is still not approved. I am sure no matter what the result of ETF be. there won't be any effect on Bitcoin. panicking and selling your previous bitcoin at low rate is a stupid thing.

Dr.Bitcoin_Strange

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Quote from: kentrolla on January 04, 2024, 08:59:52 AM

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.

Haven't we..!? No..!. It's, haven't they?

Definitely, there were people who sold out of panic yesterday, but it wasn't me, and I believe that not everyone here on the forum sold.

As for me, I am still holding my Bitcoin. I was not even aware when Bitcoin actually dropped to $40k yesterday until I came across a topic here on the forum, which prompted me to check the price, and it was already $42,600.

@OP, What you must know is that when there is FUD, some people will sell their Bitcoin out of fear of losing, while some investors will also sell because they believe that the price will dip more and will give them the opportunity to buy at a lower price. It's not a new thing, but it has always been a repeated event for some Bitcoiners.

avikz

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Quote from: kentrolla on January 04, 2024, 08:59:52 AM

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.

Can't agree more! People who are involved in Bitcoin since some time, they understand that an ETF approval cannot define the future of Bitcoin. But the dumps are coming from novice speculators. Actually seasoned Bitcoin holders do not care about weather and ETF is going to be approved or not.

Honestly it just needs some market maturity before Bitcoin can stop responding to such events. Unfortunately we haven't yet reached to such maturity level.

kentrolla

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Quote from: ImThour on January 04, 2024, 10:22:34 AM

This guy thinks we the normal buyers control the market. That's not how it works mate. Your volume is nothing as compared to those who manipulate it. Even if the whole Bitcointalk forum is just buying, price can go down or stay same. There's no panic in the market, it's just the smart money trying to create a selling pressure by dumping like 1% of their coins in the market after doing a 2.5x on their coins.

Got your point and aligned with it as whales and manipulators have much much more than what this entire forum hodl and they can manipulate the market by shilling a small percentage of their holdings. I am only concerned about what follows when they create a selling pressure? Rest of us follows it without any second thought or do we still hodl on? I don't care about the whales or market makers or manipulators but my concern is limited to users who end up panic selling or buying in FOMO.

Highly appreciate your valid response.

tsaroz

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Quote from: kentrolla on January 04, 2024, 08:59:52 AM

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.

Not everyone has the same thoughts and and analysis of the market. A blind bullish faith too might not work for everyone specially short term traders.
There's no doubt bitcoin has been making progressive all time highs historically. But there's also long pauses between. People who are into trading benefits from the price swings and people shorting even makes profit on decreasing market. Not selling could sound good for us who expects x4 on our investment within next year but their are traders who wish to x2 their money every months.
If everyone had the same mindset, the market would not work.

moneystery

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i see that people are getting impatient nowadays and immediately selling even though it's just ordinary speculation, not a final decision yet. what if the sec really rejects bitcoin etfs? i feel that there will be more holders selling their assets.

but i think it's a natural thing, because many people when the bitcoin etf news first appeared invested in bitcoin just to get short-term profits. they don't really invest in bitcoin because of its potential, they went along for the ride just to be able to make a profit and when their goal is achieved they will immediately sell.

Odohu

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Quote from: kentrolla on January 04, 2024, 08:59:52 AM

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.

If you think that panic will stop in the market, then you are new to the business. It is not perculiar to Bitcoin, it happens to anything being traded in the open market even in our localities. A speech by Fed Chair, Jerome Powell inject volatility into the entire forex market with people selling or buying aggressively. Many people profits from this while some also get burnt from this. The key point is that panic buying and selling will continue to happen as it is part of the business.

Different people have different perspective and targets. It is mastery that makes the difference. While some will see holding for long as a way of keeping the money redundant and not yielding much profits, some see it as the way to maximise profits.

hugeblack

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Has a price change of less than 10% become a significant event? The price of Bitcoin moves within a range from $38,000 to $45,000, and breaking these levels is what will cause a change in trading trends, either returning again to the 32,000 levels or moving forward to the 48,000 levels. Therefore, all news and analyzes within the $38,000 to $45,000 range are just fluctuations. The price is normal due to the movement of supply and demand and does not represent FOMO, panic selling or other psychological effects.

Wind_FURY

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OP, it's not a "smear campaign" if someone merely reported/posted/blogged that the ETF will not be approved. That particular individual could be lying, but that also doesn't make it a smear campaign. Nothing about Bitcoin was "smeared".

Plus for people who continue to DCA, and there's many of them in the forum, it's a good opportunity to buy Bitcoin with a small discount.

Jawhead999

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Quote from: kentrolla on January 04, 2024, 08:59:52 AM

Haven't we learnt from the past? We are still doing panic selling which was witnessed as there were fuds

We or only you? Tongue

If you're a trader then this news is important because it can affect your gains.

But for long term holder, it's nothing, when the price decrease, it's time to accumulate. When Bitcoin is keep rising and even break new ATH, they're still not sold it because they believing in the future.

BlackBoss_

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Quote from: ImThour on January 04, 2024, 10:22:34 AM

This guy thinks we the normal buyers control the market. That's not how it works mate. Your volume is nothing as compared to those who manipulate it. Even if the whole Bitcointalk forum is just buying, price can go down or stay same. There's no panic in the market, it's just the smart money trying to create a selling pressure by dumping like 1% of their coins in the market after doing a 2.5x on their coins.

Supply and demand and supply must be big and reflected in big inflow capital to raise the price.

Bitcoin and cryptocurrency market is small compares to stock market. Because of this fact, people believe that if Bitcoin Spot ETFs get approvals, very huge capital from Wall Street will flow in this market and will help Bitcoin increases a lot in price.

I agree with you, users in Bitcointalk don't have enough big capital to pump or dump the market. Maybe there are some whales hidden in the forum and still watching our discussions in Wall Observers but generally I think there are not too many big whales here.

BitcoinPanther

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Quote from: ImThour on January 04, 2024, 10:22:34 AM

This guy thinks we the normal buyers control the market. That's not how it works mate. Your volume is nothing as compared to those who manipulate it. Even if the whole Bitcointalk forum is just buying, price can go down or stay same. There's no panic in the market, it's just the smart money trying to create a selling pressure by dumping like 1% of their coins in the market after doing a 2.5x on their coins.

Well explained, the recent Bitcoin price drop is possibly due to some whales cashing out, while they are at it, they try to manipulate the traders sentiment by using some released negative statement like the prediction of Matrixport that the ETF will not be approved and start dumping some of their coins hoping those with weak hands follows and then they (manipulators who initially shorted their trade) buy back at a much lower price making them regain their Bitcoin with extra money in hand.

This had been a practiced of those who have lots of BTC/funds in hand.

ImThour

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This guy thinks we the normal buyers control the market. That's not how it works mate. Your volume is nothing as compared to those who manipulate it. Even if the whole Bitcointalk forum is just buying, price can go down or stay same. There's no panic in the market, it's just the smart money trying to create a selling pressure by dumping like 1% of their coins in the market after doing a 2.5x on their coins.

Topic: One more filed smear campaign against Bitcoin - page 2. (Read 352 times)