I like to trade, so I do check the price regularly, and although I don't get emotional during my trades, I do get a little sad when I'm not trading and I have time to think about how the crypto markets react to fake news.
True facts:
- Even though the lightning network is still in "beta", the number of LN nodes in the main net is increasing, and they have open channels running on them, with real transaction being made.
- Even if we disregard the LN (since it's still in beta), the fees are lower again, and the network is doing better (hopefully segwit will get more adoption, and exchanges like coinbase will batch their transactions, and BTC will be usable again, until LN is complete).
- Square Cash App now accepts BTC, so merchants that use it as a payment system will be able to accept BTC as payment.
- Robinhood will add BTC as well; Sberbank (on of the largest state banks in Russia) is planning on opening an exchange. So it will be easier to buy BTC
- Samsung is now making Cryptocurrency mining chips
- We already have some stores accepting BTC as payment. (
Check this thread). Thank you gambitcoin53 for posting that.
- A good article that gives us a glimpse on how our society could be after decentralization (
Here) Thank you dado7 for sharing.
- Coinbase is finally making the implementation of segwit a development priority (
Here)
- SEC and CFTC Hearing was positive (
Here) and (
Here)
- 50 Luxury Flats sold for Bitcoin In Dubai (
Here)
- Arizona State passes a bill to allow it's citizens to pay their taxes with BTC (
Here)
Check this post dado7, showing us some positive news from Venezuela from (
Here)
FUD:
- Tether scam (could be true, but look at tether marketcap, and look at BTC marketcap). How can anyone say that BTC price is up because tether printed tokens out of thin air to pump BTC price? It would not have a big impact...
- China cracking mining... (just rumors, and probably fake). If mining was at risk do you think Samsung would get involved in mining?
- South Korea ban... (fake news, as I hope you all know already. They will only regulate it, probably using something similar to NY’s BitLicense link
here)
- India making BTC illegal... (more fake news, they just said they want to crack down illegal activities that use bitcoin and not BTC itself)
- Facebook banning adds (actually a positive thing in my opinion, because it might help decrease the number of uninformed investors that enter the market, that click on those adds looking for profit, and then get scammed. We want investors with strong knowledge about Bitcoin and crypto, because those will not follow FUD or FOMO)
Bitcoin is evolving, we have real and positive news, and we have some bad fake news, or news that simply aren't relevant.
What do the markets do? They crash...
Help me fight the FUD, and post links with some positive news that you think are important for bitcoin, and help me fight FUD, by exposing fake news.Bitcoin is a breakthrough technology. But it needs improvement so that it is not left behind. Any ideas on this?