Bitcoin Forum

Here. I am not arguing with you about where we are and where the market is temporarily as well as how it will move.

I share one website for you that I am sure will be helpful for you in long term. If you are a bitcoiner or a newbie in this market, spend your time to read documents on that website. You will not regret it.

When you read and prepare enough knowledge about Bitcoin FUD, you will be more confident when FUD pops-up.

The website is Endthefud.org (https://endthefud.org/) that supplies

Let's get started and debunk Bitcoin FUD, and prepare for Bitcoin next top around $100k.

• Slap yourself if you are unknowledgeable and only want to gamble.
• Slap yourself if you sell your Bitcoin below $100k in this bull run. It did not make this price in 2020-2021 bull run but I believe it will make it in 2024 - 2025 bull run.
• Slap yourself if you are greed and get liquidated.

If you have articles, things to contribute to endthefud.org website, you can contact them by pulling a request on their Github https://github.com/pox/EndTheFUD

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Also check two websites to see in the past, how Bitcoin moves after FUD finished its goals.

• Bitcoin is dead (https://buybitcoinworldwide.com/bitcoin-is-dead/)
• Bitcoin Obituaries (https://99bitcoins.com/bitcoin-obituaries/)

I support your view, the second half of the Bitcoin bull market is coming soon.

To be honest, Bitcoin has experienced more than 50 price halvings in the past ten years, more than 10 price discounts of 90%, and four times close to zero. None of these have prevented Bitcoin's continuous creation. new highs. Many new investors are worried about the sharp drop in the price of BTC, but for most people in this forum, it is just a repetition of what has happened many times in the past decade.

Finally, I want to say, please do not sell when the price of BTC is lower than 120,000 US dollars

Thanks for the website, it looks like a useful compilation.

I think the reason many people (me included) find it difficult to distinguish between FUD and what is real, is because:

1) There appear to be articles/papers/analysis that support both sides of the argument
2) Many of us are not experts in the field and
3) It's difficult to audit verify the claims presented in the articles/papers/analysis.

So I sometimes find myself left in a position of not knowing what to trust. Any ideas on how to navigate this dilemma?

All I can say that if you're going to read news(especially negative press) concerning Bitcoin from mainstream media platforms such as CNN/CNBC/Bloomberg/etc, chances are, it's either BS or just rehashed. Probably stay away from those so called "news sites".

Ok fair enough, but why should i trust positive articles from people like Cathie Wood, Nic Carter, Jack Dorsey? They've "debunked" the energy FUD before but they all seem to have a vested interest in bitcoin doing well too.

Why do you need to trust others? Can't you just think for yourself?
The information is all out there, all you have to do is do some research, do a little bit of calculation and some brainpower to make up your own conclusions. You can always read what other experts say (experts not malicious idiots like Musk) to figure out things you missed.

That's what I've been trying to do but some of the issues are quite complicated and I'm not an expert in the field.

I'll give you an example - the concept of whether bitcoin's energy consumption is a problem.  

According to research, Bitcoin's energy consumption is less than the energy required for gold mining. If bitcoin was to replace gold as a store of value, it doesn't mean that gold mining will cease to exist. Gold will still be used for other purposes. What we will have instead is a world with both bitcoin mining and gold mining. The amount of gold that needs to be mined may be less than it is currently if investment demand moves towards bitcoin, but the mining sites and operations will still be there. Is the environmental impact from mining 100 tonnes of gold exactly half that from mining 50 tonnes? Arguably no, because of the economies of scale. And if no, then how does the environmental impact scale according to the level of gold demand? Given this, what are the implications when we compare a world with just gold mining (and no bitcoin mining) compared to a world with both bitcoin and gold mining? This is a more realistic comparison because a world with just bitcoin mining (and no gold mining) is extremely unlikely. These are questions that I'd like to know but i don't feel confident answering because I'm not an expert in the field.

If Bitcoin replaces gold as a store of value, demand for gold will definitely collapse and the incentive to mine gold would drop down significantly as well(not totally cease to exist), hugely reducing the potential damages to the environment. Gold's use-case outside being a financial hedge is a minority, but if gold's value goes down, probably expect a decrease in demand for gold jewelry as well.

As for being expert in any field, you just need to have better research skills. Being able to filter out false or misleading information is a valuable skill. And you don't even need to necessarily listen to the Nic Carters and the Cathie Woods; go check their sources.

totally appreciate the list of things that had been thrown to BTC for a decade of its inception. the list of writers they have are:

Nic Carter: Medium
Tomer Strolight: Medium
Allen Farrington: Medium
Nik Bhatia: Medium
Lyn Alden
Parker Lewis: Blog
Gigi
Hugo Nguyen: Medium
Knut Svanholm: Medium
Tone Vays

i never followed some of them like Tony Vays who i guess the community is familiar with him. Lyn Alden had been very vocal this year about BTC fud which i have been watching her on interviews in the past.

Someone should also create "END THE FED"

Good list of links for slapping those FUD spreading.

To be honest, media can be also the one we can blame for these kinds of FUD. Recently when we got a huge dump and a lot of FUD spread, there are a lot of media that are misleading, especially their headlines.
Additionally, there are still a lot of people these days that got very low reading comprehension which for sure, could lead to FUD if they saw some articles from different media.

Media takes those chances to increase their traffics and get more income. There are paid services to create, support and spread FUD.

Agree with you. If they don't have good in-depth reading skills, they can stop reading news. News are reflected on chart so they can simply open Trading views and do their homework. When they can play well with Trading views and with their tradings, investments, they can read news.

The crowd need something easy, comfortable to digest and media gives them news. They are happy with news in bull market and feel sad, panic, fearful in bear market or only in corrections. It is side-effects of news and dependence.

When FUD comes and there are lots of panic selling it just makes the bag move from small pocket to big pocket and where the whales are ready to filter your bitcoins, that's why a lot of FUD, I always monitor news about bitcoin from 2016 and every year it happens the same, that's important positive news like what you are spreading this will make bitcoin holders strong to hold it

Only newbies will be attracted to FUD that may mislead their decision in crypto, Id also learns from my experience since the 2017 pump and 2018 dump. Anything can happen in bitcoin all we can do is to search and decide on our plan in every circumstance that may happen, if we get easily swayed by FUD we for sure get some lost. Always think and rethink in making bitcoin decisions.

Whales manipulate the market by news and they draw as well as distort the chart for us to watch before they release shocking news for us. I don't agree that news are the same. Sometimes, they reuse old news in the past, it is a low level FUD. Sometimes, they add some creative information into past news, recook it and make a new one.

The crowd's emotion and thoughts will be changed by the market. When their mood is positive, bad news can not affect them. When their mood is bad, bad news makes them fearful whilst good news can not make their mood better.

It is why after deep crash, the market will take days or a few weeks to recover. People maintain their panic, uncertainly, fear for a while and being doubtful about future of the market.

Their money is stolen by FUD and their confidence is lost because of FUD.

This is too harsh for me but I'm one of those who have sold and not just under $100k but even lower before the bull run which I really have regret and felt sorry to myself for making that decision and mistake last year. However, it had taught me a lot of lessons and that's quite an expensive investment to myself just to learn that very lesson. With that particular lesson, I'm now aiming to survive and hopefully that sooner or later we're going to see that bitcoin will surpass $100k.

I bought bitcoin well below the $ 30,000 price level and had no intention of selling it when it peaked at around $ 65k. So all this of course does not apply to me. However, I do not see anything bad in people throwing off 100 thousand before, because the world has not seen prices above 70 thousand and this explains the fear and uncertainty of those who do not believe in such peaks this year. In any case, a lot of people talk about bitcoin, which as a result expands the community of those who bought them or those who speculate with them. This is not bad in my opinion.

Well, I think sometimes it is good to be aware of things. I agree that following what these news sites are telling you is no for for your investment but getting a feel without being shaken out is important.

The other thing to be careful about when reading into these is to not search for validation or confirmation, always make your judgment on a solid non-emotional mind and do not waver from it when you see the news. Trust your clear-headed decision, don't mix your feelings in.

Crypto nowadays is mostly affected by current news so its best to be more aware what is happening even in social media. Having to DYOR is still the best thing to do so we can debunk all those fuds in bitcoin and not caught with it.

It's not even advisable to trust even those big celebrities that comes in crypto because we all have our own firm decisions and not just rely from them. We can fight these fuds even without relying from them.

experience is clear that can determine for us to change the pattern of thinking so as not to make mistakes again. it hurts that what we do does not match what we expect, even though we may have paid attention correctly but still anticipate wrongly.

everyone must have experienced something like you and indeed there is no need to regret it as long as we can improve in the future then that is the most important thing because the past can not be repeated again.

even if the price is correcting then there is no need to panic, that bitcoin will always be able to bounce back and reach a renewable price, otherwise this year there will be another time, maybe next year, there will always be time for bitcoin to reach the best price.

but I actually believe that bitcoin has not peaked this year, bitcoin will peak later this year. even if there is a bitcoin correction will be able to reverse it again. we will wait for the good news, let it give an opportunity who wants to also be able to buy bitcoin during the current correction.

In every increase, there will be always FUD about Bitcoin in order to decrease the price. On the contrary, there are also some parties or people who also struggle to make some good news about Bitcoin in order to maintain or increase the price of BTC. And in fact, there are also many people who become victims of this situation. Moreover, the new investors or traders that commonly still panic sell and buy so easily during this market situation.

Although sometimes, I am feeling worried about this kind of market situation, it is normal. But, I am pretty sure to also struggle not to be panic.
And yeah you are right. Let'sprepare ourselves to welcome BTC at $42k at first, $50k, $60k, and so on.  :)

In fact, we cannot make everyone believe in Bitcoin like we do, which means that FUD will always exist. Once the bear market comes, this kind of sound will increase, and once the bull market comes, this kind of sound will naturally decrease. FUD instills fear, uncertainty and doubt into consumers so that consumers can't hold the coins in their hands, and the dealer will profit from it. What we can do is to believe in Bitcoin, which is a belief.

Taking profit is good and profit will be profit if you cash your Bitcoin to fiat. The next step, using fiat to buy some physical things (not digital) like real estate or some others.

Many newbies, exclusively me in the past, lost profit I earned because I stood in the market longer than I should do. When you have fiat or stable coins, and lack of experience, you can jump into the market in minutes. If you re-participate in with bad time of market, and hesitate to exit, you lose your previous profit.

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My previous reminder is for newbies who bought at top from $50k to $65k and sold off below $35k. It is not applied for people who took profit. Small or big, you took profit so it is good.

Newbies who were FOMO and panic sold off, should slap themselves.

There is really no need to panic. The ones that are in panic are those who people who have bought during the top. Little did we know that it's already the top and we're already going to the correction massively. But if this correction is just part of the next high, those who have waited again will have their share once the market goes up again and be in favor of most of us. We will see it by the end of the year or for the next coming months if there will be another peak that shall surpass the $60k+ mark.

Amen, nobody ever got poor by taking profit!

It is a very hard time for Bitcoin and all cryptocurrencies because of this dump market situation. The bitcoin price drops very drastically and makes the other altcoins also down so much.
Some FUD is rising and we cannot control it. Moreover, many people believe in the FUDs and become panic to sell because the price keeps going down. This is of course not good moreover it relates to the bullish time right now.

Hard time! This is a hard time for those who are doing panic selling, not for real Hodlers. Panic selling removes weak hands from the market, it is fair enough to remove weak hands who don't have enough confidence in Bitcoin. This panic selling may not be a cause for concern for real hodlers. Rather, those who analyze the future of Bitcoin will try to enrich their Bitcoin portfolio by taking advantage of this dump. The market gives buying opportunities for new investors, most long-term investors will take advantage of this dump.

It is a good strategy and if you are not sure where the market will go next or don't want to gamble your investment based on your prediction, a good strategy is allocation 50% of capital for BTC, 50% for USDT, ie.

• First part (BTC): try to increase amount of BTC in that part
• Second part (USDT): try to increase amount of USDT in this part.

By this strategy, you won't feel stressful if BTC falls but your BTC amount is increasing. It meets your target for the first part.
With second part, you will feel happy always if you increase your USDT amount, and don't care how much it equals to amount of BTC.

FOMO buyers and panic sellers usually open and finish their trades like this.