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hisslyness (OP)
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December 28, 2017, 05:17:53 AM |
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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
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I HATE TABLES I HATE TABLES I HA(╯°□°）╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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TERA2
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Deb Rah Von Doom
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December 28, 2017, 05:40:49 AM
Last edit: December 28, 2017, 05:51:11 AM by TERA2 |
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When you invite the mass of idiots to invest it is a double edged sword. They are only following the hype and they dont really even know what bitcoin is or how it works. For this same reason they will just as easily invest in whatever else is trending like Ripple and there is no way you will be able to convince them otherwise and you just end up sounding like a pretentious hipster asshole. The future is the government trying to kill crypto by having the media make everyone think something else is bitcoin - something owned by Bank of America that transacts instantly - while quietly passing regulations that make the real Bitcoin harder and harder to use.
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60659 📦
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NiceSoft12
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December 28, 2017, 05:58:06 AM |
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When you invite the mass of idiots to invest it is a double edged sword. They are only following the hype and they dont really even know what bitcoin is or how it works. For this same reason they will just as easily invest in whatever else is trending like Ripple and there is no way you will be able to convince them otherwise and you just end up sounding like a pretentious hipster asshole. The future is the government trying to kill crypto by having the media make everyone think something else is bitcoin - something owned by Bank of America that transacts instantly - while quietly passing regulations that make the real Bitcoin harder and harder to use.
It's already pretty hard to use imo. I want to keep as little fiat as possible, but that is just not possible because bitcoin cannot be used for everyday items. It's only good if you're buying a Lamborghini or benz.... |
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chefbauer
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December 28, 2017, 06:23:53 AM |
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The issue with all this problem is that most people who are creating fud over bitcoin are those who are not informed about what is really happening on the market, that is it.
And they are the first ones to sell when there is a panic scheme.
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Pursuer
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Where is my ring of blades...
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December 28, 2017, 08:55:25 AM |
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well this is an ugly truth regarding bitcoin price and its market. it is filled with a lot of newbies who mostly want to get rich overnight so they sign up on places like coinbase for the ease of use to buy hold and dump at the same place. they never even know what they bought and sold! it may as well be some fake numbers on their screen... but this is how it is. there is not much we can do to change it. as long as the market is filled with idiots, it will be easy to spread FUD and make them sell their coins cheap and generally make irrational decisions. knowing that it is How I Learned to Stop Worrying and Love FUD  |
Only Bitcoin
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TERA2
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Deb Rah Von Doom
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December 28, 2017, 08:59:05 AM |
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You just exactly described my relatives who signed up on coinbase during the peak in a panic and asking me for advice. "What is litecoin? Should I buy this? Will it keep going up so I can double my money? What is bitcoin cash? Should I buy? Werent you in that before? What is Ethereum? Should I buy? Woah wtf is happening to btc? Im down. Ok I just bought ripple. Can you explain ripple to me now? This isnt working. I need you to trade for me."
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60659 📦
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Enjel
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December 28, 2017, 09:04:49 AM |
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I told my mom to invest in 10k USD in BTC in 2016, and she laughed.
Just a few days ago, she invested 10k in BTC and other alts.. that is the only part of me that feels a real bear market coming.
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Using crypto to pay for college.
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mike4001
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December 28, 2017, 09:04:57 AM |
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You just exactly described my relatives who signed up on coinbase during the peak in a panic and asking me for advice. "What is litecoin? Should I buy this? Will it keep going up so I can double my money? What is bitcoin cash? Should I buy? Werent you in that before? What is Ethereum? Should I buy? Woah wtf is happening to btc? Im down. Ok I just bought ripple. Can you explain ripple to me now? This isnt working. I need you to trade for me."
lol I kind of see now why we rushed from 10k to 19,5k and then went suddenly down again  |
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DaedRik3
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December 28, 2017, 09:36:55 AM |
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It is juste normal things in trading.
Sell high, buy low.
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talkbitcoin
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All I know is that I know nothing.
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December 28, 2017, 10:13:54 AM |
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You just exactly described my relatives who signed up on coinbase during the peak in a panic and asking me for advice. "What is litecoin? Should I buy this? Will it keep going up so I can double my money? What is bitcoin cash? Should I buy? Werent you in that before? What is Ethereum? Should I buy? Woah wtf is happening to btc? Im down. Ok I just bought ripple. Can you explain ripple to me now? This isnt working. I need you to trade for me."
lol I kind of see now why we rushed from 10k to 19,5k and then went suddenly down again it did that for the same exact reason why it rushed from $3000 to $7800 and then suddenly down again to $5400 (November 2017) oh wait it is not done yet. the same reason was again when it rushed from $2000 to $4900 and suddenly down to $3100 (September 2017) you thought i was done? haha big mistake. the same reason repeated when price rushed from $890 to $2700 and suddenly down to $1800 (May 2017) haha, i can go all day long with the same reason when price rushed from $450 to $778 and suddenly down to $550 (June 2016) and finally from $200 to $470 and back to $360 in November 2015 we even had the same reason back in August 2012 when price went up from $6 to $16 and suddenly dropped to $10 i let you find these and more on the charts yourself...
call it FUD, manipulation, fluctuation, pump and dump, bubble, newbies FOMO/PANIC, whale shenanigan, winter is coming, bitcoin is dead, bitcoin is king, normal market movement, natural adoption curve, blah blah! it doesn't make any difference. that is what has been happening forever.  |
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TERA2
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Deb Rah Von Doom
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December 28, 2017, 10:27:23 AM |
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It did not go to $470 in November 2015 because of retail investors. That was a whale deciding the bear market was over.
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60659 📦
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YuginKadoya
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December 28, 2017, 10:30:46 AM |
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This is really usual some people would sure go with spreading FUD on the Forum, News and in the internet so they can manipulate the value of bitcoin so it can go down for them to buy cheap, this is mostly what others do and sometimes whales or a well known someone will sure do this so they can buy cheaper bitcoin, I would say to don't trust it and have faith in bitcoin in making another All Time High!
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ubersnuggy
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December 28, 2017, 10:43:37 AM |
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Only time will tell I guess
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RamonBTC
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December 28, 2017, 11:24:50 AM |
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This is the real reason why bitcoin been battling down its price and have decreases until now. FUD doers is really happy at this moment that it’s working because of those weak hands investors that’s been targeted and victimized to this issue without a glimpse of truthfulness. It is our mission now to spread that bitcoin still the most profitable cryptocurrency.
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TERA2
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Deb Rah Von Doom
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December 28, 2017, 11:28:24 AM |
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I think the reason it went down is because it simply ran out of room to go up. In order to continue going up exponentially it would be worth trillions of dollars and have to start competing with first world national currencies and realize it's dream of taking over fiat money but the adoption isn't anywhere near that level yet. This was all a fantasy. Sometimes you have to take a step back from the craze of what is going on with the short term markets and look at these macro fundamentals.
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60659 📦
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Harlot
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December 28, 2017, 12:34:13 PM |
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I don't think that we are losing any battle at all, the one who lose the battle is the one who will sell their Bitcoins believing on what they are saying. It is called FUD for a reason and that reason is for weak people to be scared on holding their Bitcoin investment and forcing them to sell it pushing the price of Bitcoin down which means the big players have the chance to buy Bitcoin at a lowered price. One thing to defeat this is for us to do our own research and our own analysis for us to prevent selling our own Bitcoin.
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dothebeats
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Cashback 15%
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December 28, 2017, 02:11:29 PM |
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That usually happens even in the mainstream media, created by journalists who couldn't give a rat's ass about what they're writing about but still wants to get paid anyway. There is money in creating FUD, that's why these article writers exist. One small misinterpretation about a certain news article could cause millions of dollars to move in the market. We aren't losing any battle in the FUD game but instead some people are just lazy and too gullible enough to believe these sketchy news written by half brain-dead "journalists".
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blockman
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December 28, 2017, 02:25:17 PM |
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Those people are really pushing those coins on their own choice. They are doing some make up stories that they don't even know if it's a fiction or reality. Most of those people that are shouting these FUDs doesn't literally know what bitcoin is or the history way back years ago. They do want to take advantage and they are all for the money not with technology.
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1Referee
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December 28, 2017, 02:27:05 PM |
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It is causing potential new users to opt out of BTC and possibly into alt-coins.
Not really. People believing this nonsense have nothing to contribute anyway with their few hundred buck holdings. If we look back at how the mainstream media has been talking about Bitcoin, then it's still the same - there is no understanding of Bitocin, and they are looking to attract clicks. I have seen a video on Youtube where someone was talking about how he invests without actually owning any crypto currencies, and as soon as Monero is being brought up in the spotlight, the lady leading the interview asks him ' isn't that the currency used by criminals?!', where this legend replies with ' everything is being used by criminals, including the US dollar and the Euro'. It's fantastic. For those willing to see the video; https://www.youtube.com/watch?v=azailpA6wdQ the part I am referring to starts at 05:00 |
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Denker
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December 28, 2017, 02:27:14 PM |
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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
Bitcoin is a adversarial system. If it wouldn't be attacked from all those different sides something would be really wrong with it. Bitcoin is the King of the cryptos. And there are many entities and persons who would like to dethrone it. I wouldn't care that much about all those FUD. Same things have been said in the past about the internet and other technologies. Just ignore all that BS! |
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