Bitcoin UP: bitcoin is awesome; Down: bitcoin is shit and fraud

[BitcoinHodler]

am i the only one noticing this pattern?

when bitcoin price was rising in other words during the rally which lasted long enough, all the news was about praising bitcoin. bitcoin was even the headline and on the first page of major financial news papers! there was talking of how great bitcoin is and how it will go to large prices that we never even dreamed of!!!

and when the tide turns and the inevitable drop occurs the news turns with it! i actually find it very interesting how many negative news i am seeing these days. news of people calling bitcoin "fraud", calling it bubble, dying even, people who are now saying bitcoin will never be adopted (as if they never heard of Japan for example). and lots more.

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[criz2fer]

am i the only one noticing this pattern?

when bitcoin price was rising in other words during the rally which lasted long enough, all the news was about praising bitcoin. bitcoin was even the headline and on the first page of major financial news papers! there was talking of how great bitcoin is and how it will go to large prices that we never even dreamed of!!!

and when the tide turns and the inevitable drop occurs the news turns with it! i actually find it very interesting how many negative news i am seeing these days. news of people calling bitcoin "fraud", calling it bubble, dying even, people who are now saying bitcoin will never be adopted (as if they never heard of Japan for example). and lots more.

I think theres a bigger people behind here. People that manipulates the market in theer hands. I smell some politics in here. How can we sure if the news is true? All of these speculations and fluctuation becomes more and more untrusted and cant control. Hope all the sources of news will have a proof. Journalism is that they call it? 

[BitcoinHodler]

I think theres a bigger people behind here. People that manipulates the market in theer hands. I smell some politics in here. How can we sure if the news is true? All of these speculations and fluctuation becomes more and more untrusted and cant control. Hope all the sources of news will have a proof. Journalism is that they call it? 

the "news" is what i call "exaggerated" news. of course that is ignoring all the obvious FUD that has been accompanying this.

and it is actually very similar to start of this year when China started their investigation. when they first issued their warning to exchanges and closed down the big 3 Chinese exchanges for a couple of months. by that time the same pattern was repeated too.

[hatshepsut93]

It's quite possible that many journalists are bribed by market speculators and manipulators, so they pump with positive articles and make FUD when their masters want to dump Bitcoin. Bitcoin markets are extremely wild and unregulated and some people would do anything to get an edge in trading to get more profit. This only reassures that hodling is the better strategy for most people, because you can't compete with manipulators. This also makes all price analysis and predictions pretty useless, you can't know exactly when they will start making their move. But in the long run it doesn't matter - Bitcoin is revolutionary tech and its still early days.

[muraqaba]

i learned a long time ago . you cant go by what people say just follow your instinct.

[LFC_Bitcoin]

There are lots of reactionary noobs around who get too excited or too suicidal regarding proce swings. People need to have much stronger hands & be much more intelligent reacting to changes in the price.

Some of the recent panic selling on China news is embarrassing.

[Xavofat]

It's almost pathetic how people who are bullish and talk about misinformation actually also spread misinformation.

people who are now saying bitcoin will never be adopted (as if they never heard of Japan for example). and lots more.

A whole country has not just adopted Bitcoin at once!  The vast majority of Japanese transactions are in physical cash, and most of the digital ones are in digital fiat.  You still have to go pretty far out of your way to try and spend Bitcoin.  
It's ridiculously annoying to see that when people take a side, they just have to invent "facts" to support their view after they've formed it.

I'll be holding and ignoring all of this nonsense from a trading perspective but I'll still be getting annoyed behind my screen.

[eternalgloom]

It's usually the newbies who start panicking when the price drops, at least in this forum and on Reddit.

People who have been around for a while aren't usually the ones complaining when there's another streak of bad news followed by lower value.
We've all seen it before, prices will recover eventually. We're also used to Bitcoin being called a scam or ponzi, just ignore it.

[marketprice]

I think most verterans in the space are well aware of this and pay no mind. The majority of those selling now are because they have to convert to fiat immediately, but these are likely people who regularly convert all their BTC to fiat, some may be Chinese flight out of the system and the rest are noobs who can't stomach the volatility. This kind of reshuffle only ends with stronger hands controlling more coin

[tyuner4]

am i the only one noticing this pattern?

when bitcoin price was rising in other words during the rally which lasted long enough, all the news was about praising bitcoin. bitcoin was even the headline and on the first page of major financial news papers! there was talking of how great bitcoin is and how it will go to large prices that we never even dreamed of!!!

and when the tide turns and the inevitable drop occurs the news turns with it! i actually find it very interesting how many negative news i am seeing these days. news of people calling bitcoin "fraud", calling it bubble, dying even, people who are now saying bitcoin will never be adopted (as if they never heard of Japan for example). and lots more.

I notice this as well. IMO, this is all fuds.

[bamboylee]

Those who do not have an idea about bitcoin but bought just because of the price can be easily affected by hyped news. But it is the opposite for those who know bitcoin and believe in its fundamentals. They will hold and even buy more if the price falls.

[Razick]

When you trade, you need to build hype if you have a position on a coin. You want the value to go up and sell to make a profit (obviously, that is the name of the game). The moment you sell, however, you want the price to go down. The last thing you want is the price to go up, and end up possibly having to buy back in and lose money. Many people are selling now and they do not want the price to go back up, and this is why there is so much negativity in the past 24 hours.

[BitcoinHodler]

It's almost pathetic how people read first word of a comment and make their assumptions to just say what they like to say

A whole country has not just adopted Bitcoin at once!  The vast majority of Japanese transactions are in physical cash, and most of the digital ones are in digital fiat.

show me where i said every single Japanese (man, woman, and child) are using bitcoin instead of cash!

You still have to go pretty far out of your way to try and spend Bitcoin.

not at all, next time you went to Japan try vising one of the shopping centers, you will see at least a couple shops with the "bitcoin is accepted here" sign.

It's ridiculously annoying to see that when people take a side, they just have to invent "facts" to support their view after they've formed it.

I'll be holding and ignoring all of this nonsense from a trading perspective but I'll still be getting annoyed behind my screen.

you went out of your way to make this topic about something else that it is not. thanks!

[Pleione527]

Those people maybe don't know bitcoin very well those who think it is a scam maybe doesn't have the knowledge about bitcoin it's in the nature of bitcoin to have this kind of fluctuations it sudden up then goes down but the sure thing is bitcoin continue to appreciate no matter what and it is always a investment for me

[rangnatht]

It's not only happened with bitcoin but also other altcoin too. When price is increase peoples support and once it's decrease they blame on Bitcoin, they blame on altcoin that it's fake.. I think Bitcoin is the real gold no matter price up or down... Its always give you a good return but you have to have patience and wait...

[LeGaulois]

Those news papers are mainly looking to get traffic/readers. They need to find something to say about anything, and when you're a journalist it's not always easy to find something (useful at least)0 So they just follow the trend and turn it into a soap opera. At this current situation, they can not really publish articles saying Bitcoin is swag.
Now there are people reading them and following them (no matter if the journalists are not specialized in crypto  market...) and there are people reading them and ignoring their stories

[epinay]

Yes!! People always fall in panic when bitcoin price growing up or fallen on $100!

[salmanahmedone]

Sorry to say but this topic is made for you majority of people who think and say like this. . You're saying it because its down isn't ?.China banned the ICO's so its value decreased. If you think its dead so you can leave the community but you can't say its dead nobody's know when it go up.

Bitcoin is not dead or down forever, so no need to spread this negative news.

[ivrynx]

I think for those who are already used to investig, we always get this comment from everyone, whenever the price goes up, they will say, you have done an excellent job, no one saw it coming but you, you are always one sep ahead of the game, however if the price went down, it is usually common to say, it is a fraud, you were lucky you didn't invest all, some , even those who are not familiar with investments, would tend to teach you, they will advise you as if they were also investing. I think the problem we have here is that people are being miseducated or perhaps not being educated at all, it is sad to say, that those who bad mouthed bitcoin because of the fall, some of them are also bitcoiners, well i guess once in their lifetime, these people need to know the basics of investment, so they will not fall for any negativity again, if they will try to buy back their bitcoin and hodl, what i see here, is that these people are new to investing, they just go with the flow, they do not even bother to check out the updates, what they just want to see is them earning, they didn't even ask themselves at what level they can tolerate a loss. As a community, we can help those new to investments if they ask us, so in time, we will never hear such bad mouthing again from their own ignorance.

[craZyLovE0916]

I don't think those words should ever be in the same sentence with Bitcoin. Bitcoin is the msot trustworhty currency because it is decentralized!!!