And as more countries are crafting their move to ban bitcoin and the cryptos in general, FUDing will be widespread even more throughout the crypto community which will cause panic and would lead them to sell their bitcoins at a very cheap price.
A lot of investors are already panic selling specially those newbie investors that have few knowledge about the crypto currency worlds and they are the one's who makes the price low because they are scared of huge losses that they think will happen. I feel bad for those people who are panicking in this kind of situation because they'll lose a lot of money and maybe trust to crypto currencies.
The ultimate aim of some people to spread rumors is to cause people's panic. They then buy bitcoin sold by panicked people at a lower price in order to increase their income. They already know that bitcoin will rise again after the Spring Festival.
They're spreading FUD all over the crypto currency realm to shake out the weak hands and cause them to panic sell all their hodlings and one of the main spreaders of FUD are media. I think this people are controlled by those whales and their job is to spread FUD on the news and social media platforms. It's better not to visit coin market capitalization's site during this kinds of scenario so you won't be affected.
I agreed with what you have said. This is so typical in crypto world.
My strategy is easy which is to hold BTC and buy more at such cheap price.
That's a good idea keep hodling and buy low.
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