FUD FUD and more FUD

[Mhz_evadah]

Was at a BBQ a few days ago and Bitcoin was a hot topic.

What had really frustrated me was when someone said "I read the creator of Bitcoin has sold all his BTC, Bitcoin is going down". I was WTF are you reading?, then i remembered the story of the founder of bitcoin.com sold all his BTC. Had to explain that he wasn't the creator of BTC. No one knows for sure who created BTC etc etc.. That, what he had ready was FUD FUD and more FUD!

Then last night, the same thing from someone else! "Creator of Bitcoin has sold all his BTC" and he started to push XRP is the way to go. That was when i really lost it! and told him to go FUCK himself.

We are losing the FUD battle! This is bullshit. It is causing potential new users to opt out of BTC and possibly into alt-coins.

Sly

These people are just idiots.They don't analyze anything and just follow whatever FUD they come across to be true and they just don't stop with that.They try their best and spend their energy to spread this FUD to many people they know.It creates a negative publicity among the public about bitcoin.

I can't blame them, the bitcoin and alt currencies are yet to be regulated so it really is much as standing on a very thin rope that could snap anytime. What I'll recommend they do is study, read and understand.

[olumyd]

Was at a BBQ a few days ago and Bitcoin was a hot topic.

What had really frustrated me was when someone said "I read the creator of Bitcoin has sold all his BTC, Bitcoin is going down". I was WTF are you reading?, then i remembered the story of the founder of bitcoin.com sold all his BTC. Had to explain that he wasn't the creator of BTC. No one knows for sure who created BTC etc etc.. That, what he had ready was FUD FUD and more FUD!

Then last night, the same thing from someone else! "Creator of Bitcoin has sold all his BTC" and he started to push XRP is the way to go. That was when i really lost it! and told him to go FUCK himself.

We are losing the FUD battle! This is bullshit. It is causing potential new users to opt out of BTC and possibly into alt-coins.

Sly

These people are just idiots.They don't analyze anything and just follow whatever FUD they come across to be true and they just don't stop with that.They try their best and spend their energy to spread this FUD to many people they know.It creates a negative publicity among the public about bitcoin.

I can't blame them, the bitcoin and alt currencies are yet to be regulated so it really is much as standing on a very thin rope that could snap anytime. What I'll recommend they do is study, read and understand.

I agree with you.  What people fail to do is due diligence. They join the crypto investment and trading community with insufficient knowledge base.

[Kemarit]

Was at a BBQ a few days ago and Bitcoin was a hot topic.

What had really frustrated me was when someone said "I read the creator of Bitcoin has sold all his BTC, Bitcoin is going down". I was WTF are you reading?, then i remembered the story of the founder of bitcoin.com sold all his BTC. Had to explain that he wasn't the creator of BTC. No one knows for sure who created BTC etc etc.. That, what he had ready was FUD FUD and more FUD!

Then last night, the same thing from someone else! "Creator of Bitcoin has sold all his BTC" and he started to push XRP is the way to go. That was when i really lost it! and told him to go FUCK himself.

We are losing the FUD battle! This is bullshit. It is causing potential new users to opt out of BTC and possibly into alt-coins.

Sly

These people are just idiots.They don't analyze anything and just follow whatever FUD they come across to be true and they just don't stop with that.They try their best and spend their energy to spread this FUD to many people they know.It creates a negative publicity among the public about bitcoin.

I can't blame them, the bitcoin and alt currencies are yet to be regulated so it really is much as standing on a very thin rope that could snap anytime. What I'll recommend they do is study, read and understand.

I agree with you.  What people fail to do is due diligence. They join the crypto investment and trading community with insufficient knowledge base.

We can't really deny the fact the bitcoin and crypto is gaining popularity everyday. A lot of investors or newcomers to the market. But what's funny is  this set of investors who did join really thinks that they can really profit in short amount of time. Sort of get rich scheme. They flock the market buying bitcoin at top price, and when it falls, they are the first one to dump the coins instead of holding it, they panic because of the FUD being spread around the forum. Just really sad that most of them get lost around the crypto industry because they didn't do their homework. They thought that's is very easy to earn, and they found out the hard way that it is not. Most of them leave scratching their head and didn't know what happen to their money and disappointed on bitcoin and never comeback. While others decided to remain but they incurred a high price.

[DaMut]

in my opinion it was not a FUD but instead it was a mistake from the writer themself.
to put it bluntly,they are forcing it to make it happen.
basically they have zero knowledge about Bitcoin,but in order to get an attention from people they wrote that kind of article.
all they want to know is creating a hot topic and get a lot of audience in return.
it was not the first time we found it,
in my local country i found a lot of similar topic.
they are talking about Bitcoin Cash as Bitcoin,because both of them wore 'Bitcoin' on their name and something like that.

[hisslyness]

UPDATE!

I have stop talking about Bitcoin to all my friends and family. I just smile and change the topic or ignore, when ever alt-crypto and that Ponzi Token, XRP, comes up. I over hear them saying they just bought LTC and XRP. Nothing about buying BTC.

And I know what they are thinking, you said to invest in BTC and not XRP. Now look what we have got, I just turned $400 into $5k.

People are going to get hurt when XRP falls back to nothing.

[machinek20]

Its the typical of panic people, a little down they will call btc is over, btc is not good being left by the creator and so on, but when it go up all praise bitcoin, that kind of person only want to take advantage and profit, the person never appreciated bitcoin

[pereira4]

UPDATE!

I have stop talking about Bitcoin to all my friends and family. I just smile and change the topic or ignore, when ever alt-crypto and that Ponzi Token, XRP, comes up. I over hear them saying they just bought LTC and XRP. Nothing about buying BTC.

And I know what they are thinking, you said to invest in BTC and not XRP. Now look what we have got, I just turned $400 into $5k.

People are going to get hurt when XRP falls back to nothing.

Let noobs be happy with their shitcoin gains while it lasts. Once it all crumbles back to being worthless and only bitcoin shines, they will learn the hard lesson by first hand experience, it's then when they realize they should have cashed these altcoin gains into bitcoin and held, instead of converting it all over fiat again.

The key moment will be during the next financial recession, as their fiat makes their purchasing power go down while bitcoin saves the day once again.

First you learn to not hold alts, then you learn to not hold fiat.

[lizardbtc]

Its the typical of panic people, a little down they will call btc is over, btc is not good being left by the creator and so on, but when it go up all praise bitcoin, that kind of person only want to take advantage and profit, the person never appreciated bitcoin

Problem that we are having here is that market is drived by spculation and nothing else. We can create value of certain coins but the problem is that many of them don't have real use case. Which is why fake news, propaganda and all other things can have huge impact on coin prices. You have noticed it, I have noticed it... but problem is that people don't care as long as they are making money.


OP thing with Roger selling his BTC to BCH and convincing others that BTC is unstable bla bla bla, is just because he swaped coins for BTH and want to profit more out of his decission. We've seen it how some big influencers between crypto space can control the market movments this happens as a result of people not willing to think clearly but they rather follow the masses.

Let noobs be happy with their shitcoin gains while it lasts. Once it all crumbles back to being worthless and only bitcoin shines, they will learn the hard lesson by first hand experience, it's then when they realize they should have cashed these altcoin gains into bitcoin and held, instead of converting it all over fiat again.

The key moment will be during the next financial recession, as their fiat makes their purchasing power go down while bitcoin saves the day once again.

First you learn to not hold alts, then you learn to not hold fiat.

Some coins will still be there along side bitcoin, theres no dubt in that and you can't deny it. But yes many shitcoins are worthless and are simply used to throw your money in and profit from them. We still need fiat but if some crisis happen in future people might move to BTC I can agree, good point there.

[olushakes]

Was at a BBQ a few days ago and Bitcoin was a hot topic.

What had really frustrated me was when someone said "I read the creator of Bitcoin has sold all his BTC, Bitcoin is going down". I was WTF are you reading?, then i remembered the story of the founder of bitcoin.com sold all his BTC. Had to explain that he wasn't the creator of BTC. No one knows for sure who created BTC etc etc.. That, what he had ready was FUD FUD and more FUD!

Then last night, the same thing from someone else! "Creator of Bitcoin has sold all his BTC" and he started to push XRP is the way to go. That was when i really lost it! and told him to go FUCK himself.

We are losing the FUD battle! This is bullshit. It is causing potential new users to opt out of BTC and possibly into alt-coins.

Sly

I guess the simple explanation to things is that people chose what they want to believe irrespective of whether its the truth or not just like how some people will hold the view that bitcoin creator is now supporting BCH or BTG or any of the numerous forks out there. You really don't need to go on the attack mode, explain and if obvious they are not ready to listen, just let them wallow in the beauty of their ignorance and that is the best that could happen to someone who is not willing to learn.

[iram1011]

Was at a BBQ a few days ago and Bitcoin was a hot topic.

What had really frustrated me was when someone said "I read the creator of Bitcoin has sold all his BTC, Bitcoin is going down". I was WTF are you reading?, then i remembered the story of the founder of bitcoin.com sold all his BTC. Had to explain that he wasn't the creator of BTC. No one knows for sure who created BTC etc etc.. That, what he had ready was FUD FUD and more FUD!

Then last night, the same thing from someone else! "Creator of Bitcoin has sold all his BTC" and he started to push XRP is the way to go. That was when i really lost it! and told him to go FUCK himself.

We are losing the FUD battle! This is bullshit. It is causing potential new users to opt out of BTC and possibly into alt-coins.

Sly

This is the bitter truth about bitcoin . Not only is bitcoin misinterpreted , it is misintepreted in the most worst way . Bitcoin is still new to many people and all they know about bitcoin is that it is widely used in gambling . I remember when i told my friend about bitcoin and she said that " oh! so you are gambling , THATS ILLEGAL !! " . This is the mindset of maximum people about bitcoin . Some people amusingly say , that you "play" with bitcoin . Is it a game ? No one even properly knows about its origin and purpose .
In India , Bitcoin may get banned . Why ? Because the government think bitcoin is still too small in India . This mindset is too difficult to transform .                                               

[Bloomie]

I remember mentioning I own BTC to family members a few weeks back and someone said "Bitcoin..? Are you sure that's legal?" True story. Without any actual information or facts, they assumed it was something shady just because of random stuff they had heard on the news. I imagine it's very common everywhere for people to have the wrong idea about it.

At least with futures trading and potentially Goldman Sachs launching a trading desk soon and having BTC assets on hand, it will give some legitimacy to it.

[taktik]

I remember mentioning I own BTC to family members a few weeks back and someone said "Bitcoin..? Are you sure that's legal?" True story. Without any actual information or facts, they assumed it was something shady just because of random stuff they had heard on the news. I imagine it's very common everywhere for people to have the wrong idea about it.

At least with futures trading and potentially Goldman Sachs launching a trading desk soon and having BTC assets on hand, it will give some legitimacy to it.

I think that in the near future there will be no worries about the legitimacy of earning money on crypto currency, because almost all governments are interested in implementing crypto currency in their countries.

[KennyR]

FUD around bitcoin as well other digital currencies were quite common. Some were circulated to overcome the growth of one asset over the other generating panic among the investors. This needs to be understood by the user, and taking perfect decisions by that time will help with a bigger earning.

[TERA2]

FUD is good. FUD is needed. FUD is fuel. Because most of the serious investors are waiting for dips to buy. So when they buy a dip it leaves the panic sellers nowhere to rebuy than a higher price than before the FUD even started. For every red candle there is two green candles. But without the red candles itll just stagnate.

[BartS]

Well, this is how FUD goes. It's like a disease spreading death attempting to erase bitcoin's existence. We might be seeing more of this in the coming year 2018 but we all know bitcoin will always prevail and what doesn't kill it, will only make it stronger.

I think we are going to see even more FUD in this year, I'm sure we are going to see a lot of coins claiming they can solve the issue with the fees also I think we are going to see a lot of bitcoin cash supporters telling us, told you so, and I'm sure we are going to see even more bakers saying that bitcoin is nothing but a scam, we know it is not true but we do not have access to the media.