Bitcoin Forum

Seems there is no FUD now but bitcoin is still down and it might go down more. Whats the reason for this because if there is no FUD then bitcoin should be rising not falling day by day. It seems only South Korea and Japan have faith in cryptocurrencies at the moment. And also maybe the whole bitcoin regulation fiasco is having effect on the price.

It's not only about the FUD, I've been reading for months that BTC will go down to $1k or $2k, so that kind of information is still stuck in the head of many people, so they keep selling and selling, and the market keeps going down.

Basically it is hard to predict any market movments even harder to predict the crypto market. Point I am trying to make here is that many people will say FUD when bitcoin or any other cryptocurrency is dumping and everyone will look at talk about nice features and implementations when the market is doing good. It is jut that people are trying to make reason out of things there is no rason, or really little attached to it. If price is going down, more people are selling than buying and revearse and this is what it is.

Here is some fud news for you guys  ;D http://fortune.com/2018/03/06/bitcoin-price-10-years-harvard-kenneth-rogoff/

It's a Harvard professor, guys! He knows his stuff. We gotta all sell now before it drops to $100 a pop lol  8)

Bitcoin doesn't drop solely because of FUD. It's simply because less people are buying bitcoin, and more are selling. That's pretty much it.

Just read the same article on newsbtc but what people don't realize is that he is not a crypto professor but rather an economist  ;D ;D

Nobody really knows it. Harvard professor also doesn't know. Bitcoin as well as whole market goes down because of fundamental reasons. Hype from ICOs in 2017 is gone and there aren't so much positive these days about cryptocurrency. Big players need to fill their own bags full. It will take some time, may be it will take long who knows. But also there are no fundamental reasons for cryptocurrency to die. It will rise again. Believers will benefit from it but most people will sell at lows.

The issue is, speculation doesn't have a positive market mood so the sentiment moves the price down. Bitcoin is largly moved by speculation when it comes to it's price. Market forces is what it is at the end of the day.

Indeed, the amount of FUD has decreased significantly. But in my theory, the "spawn posts", whether focused on FUD, whether focused on exaggerated positive news, can do only one thing: make the bear market fall more or make the bull market grow more.
Now I see a bear market with no FUD catalyst with shy tendencies to turn bullish.

Well, you shouldn't be surprised, it has been going on like this for weeks plus now. I have huge faith in cryptocurrency (especially bitcoin)  not only South Korean and Japan so you too should. And you should be aware that It is not only FUD that can reduce the price of any cryptocurrency. Selling off quickly (dumping) can also cause the price of cryptocurrency to reduce quickly.

I think a good way to starting filtering out FUD would be to figure out if a particular source of negative content is right historically - if not, ignore.

I’m not entirely sold on BTC but I certainly think that there are some excellent altcoins out there which will do very well in my opinion

Based on how you are seeing the current price situation, I suggest you to just not react on the current bitcoin price behaviour and began focusing to study more how bitcoin price behaves. You are taking it literally since you are watching the price on daily basis.

You must understand that it's not always FUD that makes bitcoin price decrease. FUD is just an attempt but the final verdict is on the hands of the bitcoin hodlers. There are other reasons why bitcoin price is currently having a slow phase and we can't pinned point on the exact reason for that and honestly others even consider these as a normal price behaviour.

Rather than stressing yourself to know what's the exact reason, take a coffee somewhere and relax if you are just a hodler. Soon your desired uptrend will happened surely.

Now the whales are pulling the price down, analytics the price below $ 5,000 will not fall, now I'm in a great position to buy everything at a low price, do not lose the opportunity

Everything is based on supply and demand. There are no buyers right now that's why the price is moving sideways. Which means that even if there are no FUD investors are reluctant to put their money on the market because its either they are waiting or they moved out and shift their funds to traditional investments such as stocks and gold.

I'm sorry but I don't believed that only South Korea and Japan has faith right now, there are a lot of countries as well, its just investors are still waiting for the perfect time to pour cash into the ecosystem. We will see it in the next coming days.

Now the dollar is falling, gold is growing so investors are waiting for a favorable moment so use and buy while everything is at low levels.

He is entitled to his opinion, just because he is a Harvard professor doesn't mean he is right. Could it happen? Sure. Will it happen? Who knows.
My brother is also an economist, and he sees crypto as a bubble. I personally think its because he is a bit "square" (not sure if that is the correct expression), and he doesn't take the technology aspects into account or doesn't understand them.

Yes there is no FUD currently but because of it people who are interested in investing or buying Bitcoin was lessen because of this news, if the demand is fewer then the price rise will be slower. Also people like me who read charts are showing that we are still in a bear market. I only personally buy when the price is near resistance.

For the Harvard professor we will just see if his prediction is true, nobody know what the future holds, anything is possible in the market.

well, now it is rising, and i could easy say a thing and no one can trust me, cause i'm no one.. but i can assure you that from now, bitcoin will resume its uptrend ;)
By the way keep in mind that not just FUD moves the market, but also the whales.. for them, move this crypto market is easy like to buy some candy.. this is a really low market, and with their money they can do a lot.

If I can drop a wild conspiracy theory, I would say that the Wall Street capital has already entered the market. These guys are slowly pushing the price down, day by day. It is like cooking a frog. You put the frog in a pot of cold water and you slowly turn up the heat, the frog does not panic, because he slowly gets used to the water becoming warmer and warmer. Before the frog knows it, he pass out and he gets cooked.

$10,000, slowly down to $9000, then slowly down to $8000..... see the water becoming hotter? We should take control of the stove! Hodl on, do not give them your coins.

Soon all those people who is manipulating it will start to bring good news and Bitcoiin's price will start to go up and everybody will be FOMOd again.

In my opinion, what makes the bearish dip of bitcoin in the last several weeks could have been the manipulation of whale investors and not more on the FUD thing. Currently, Bitcoin is now at green where it is continuing to grow better and hoping this will be for good. Perhaps, we are now seeing good potential profits in the coming months when the bullish run will come to happen soon.

I also assume the same thing as master. But the one-on-one path is with us continuing to support cryptocurrency from many positive sides. perhaps with it can be a little help while trying to get together to always think postif about cryptocurrency.

Even though there are no FUDs now it does not mean the market will start recovering immediately, it will still take some time before it starts picking up.

Agree with that i think because some bitcoin holders want to want to cash out there money thats the reason why bitcoin is dump i think that was just a normal for bitcoin since he already pump hard last december.

Speaking of Japan, the Japanese government have implemented a strict rules on the use of cryptocurrency in their area. With that 3 exchanges have said to shutdown since they cannot comply with the requirements being set by the government. While South Korea on the other hand as well as the Philippines have remain strong and is still growing in terms of using bitcoin and cryptocurrencies.