Lets fight the FUD together

[BitChief]

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.

I agree, there is plenty of positive news to be excited about. Don't let the people loud FUD crowd out the overwhelmingly positive developments happening everyday within the market. People just love to hate on crypto

[Bolt Brownie]

I see some people complaining about high fees, care to explain this : https://unblock.net/bitcoin-adoption-soars-africa-wake-increasingly-volatile-fiat-currencies/ <They are mostly 3rd world, so high fees will influence them more>

We are even faster than SWIFT, Credit cards and Western Union - https://crypto.bi/tape/blog/ccs-swift/

Do you know that your cup of Coffee will be Tax Free in Germany? - https://www.coindesk.com/germany-considers-crypto-legal-equivalent-to-fiat-for-tax-purposes/

Funny thing is, SegWit adoption is only at between 30% to 40% at the moment and we are already flying! Weeeeeeeeee. 

Thanks for submitting those articles. I do believe bitcoin will continue having a huge impact in undeveloped countries, or countries facing financial crises, and it will also provide a great service for the unbanked. So news like the one about bitcoin adoption if Africa doesn't surprise me.

I was actually surprised after reading the article stating that bitcoin is actually faster than credit cards. It actually makes perfect sense all that was written then, and although it might not change much in a practical way, it does provide a more fair comparison between bitcoin and credit cards. So people should actually try to compare LN to credit cards, and if we do that, there is no discussion on what system is better and faster (even in a practical sense).

Thanks for sharing.

[patt0]

Great thread, I will keep a close eye on this one. Bitcoin seems to be doing better now as the recent FUD stopped for a while, but we all know how things can change in the blink of an eye. Most if the investors in this market don't have a solid financial background, and are the so called retail investors. Without good knowledge and without knowing how to manage their emotions, it's perfectly normal to see these price changes based on every piece of news that we get, either their are true or false. It's a highly speculative market, and since the price drop significantly, people are very nervous now.

Anyway here is my contribution https://cointelegraph.com/news/liechtensteins-bank-frick-introduces-direct-cryptocurrency-investment-and-cold-storage

It's nothing special, but this will help institutional investors to come to crypto markets, and we actually need them, so that bitcoin gets more stable, while we wait for LN and mass adoption.

[emezh10]

It's not FUD what is pushing bitcoin down.
It is damn high fees and people are looking for alternatives.

We all realize that all these are fud.
But inside that fud you can find some real news who you didn't share in your post for some reasons - steam and stripe. Do research and update post with more real news.

Bad perception on Bitcoin fees is just an example of fud where the idea we established aboit Bitcoin is bad when it comes to fees but in reality it is just a usual form in transaction where it could also help Bitcoin system in terms of transaction and investment.

[dado7]

Germany disallowed taxing Bitcoin purchases:
https://coinpedia.org/news/germanys-says-not-tax-bitcoin-purchases/

And another, not very surprising (but even more so very much proving our point), news:
http://www.coindaily.co/2018/03/01/switzerland-wants-to-be-the-crypto-nation/

[Bolt Brownie]

Germany disallowed taxing Bitcoin purchases:
https://coinpedia.org/news/germanys-says-not-tax-bitcoin-purchases/

And another, not very surprising (but even more so very much proving our point), news:
http://www.coindaily.co/2018/03/01/switzerland-wants-to-be-the-crypto-nation/

I've seen the Germany related news but didn't had the time to update the list yet, but I definitely agree that those are excellent news. They surprised me a bit, because I had the impression that they didn't like crypto very much, but this measure is a good step towards regulation and it helps BTC a lot in my opinion. Hopefully others will follow, and the US will come closer to this approach.

As for Switzerland, it doesn't surprise since they have already shown us in the past that they support blockchain and crypto, and see the potencial in it, which is great.

Thanks for sharing, I will update the list.

Also, if you checked the list recently, it wasn't updated and you might have missed this post from u9y42, that is full of great news.
It's already in the list now, but you can check it (Here).

[SirLancelot]

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.

I agree, there is plenty of positive news to be excited about. Don't let the people loud FUD crowd out the overwhelmingly positive developments happening everyday within the market. People just love to hate on crypto

And the interesting thing is, for spreading this FUD material, we being the users of bitcoins are outlives involved in this. If I listen any news about bitcoins that can harm the notion of bitcoins, better is to keep that with me and not to share it on social media or any blog. But unfortunately we are creating this FUD and then we are ultimate sources for sharing it with others. Don’t just bother such fake news.

[Steadfast20]

It's not FUD what is pushing bitcoin down.
It is damn high fees and people are looking for alternatives.

We all realize that all these are fud.
But inside that fud you can find some real news who you didn't share in your post for some reasons - steam and stripe. Do research and update post with more real news.

That is one reason why bitcoin has crashed this past few weeks but the main reason is the spreading of FUDs across the internet. In January, how many FUDs did spread? Around 3-4 or more and that is good enough to make the price of bitcoin crash. Now that the fees of bitcoin in transaction is way low compare to its fees this past few weeks, maybe we can see an slow increase with the price of bitcoin and maybe reaching a new ATH in the next months.

[Bolt Brownie]

I agree, there is plenty of positive news to be excited about. Don't let the people loud FUD crowd out the overwhelmingly positive developments happening everyday within the market. People just love to hate on crypto

And the interesting thing is, for spreading this FUD material, we being the users of bitcoins are outlives involved in this. If I listen any news about bitcoins that can harm the notion of bitcoins, better is to keep that with me and not to share it on social media or any blog. But unfortunately we are creating this FUD and then we are ultimate sources for sharing it with others. Don’t just bother such fake news.
[/quote]

Well by doing that you are only not contributing for the fud to spread, which is a good thing, since many others try to spread ti for profit, but it's still not enough to actually try to decrease it's effects. I know what I'm doing is not enough, but maybe it will help, since there are new users coming to the forum in order to use it to gain some knowledge about crypto. So if they tumble a thread like this, or any similar threads, maybe they knowledge will increase and they will help to spread the word in a positive manner. I think not spreading the fud is good, but it's not enough.

[dado7]

These seem interesting:
https://www.ccn.com/alibaba-subsidiary-reports-successful-use-blockchain-technology-logistics-data/
(since that is Alibaba after all, and Bitcoin is really striving to get the support from traders like Amazon, Alibaba, Steem and others first, I think that news are actually substantial);

and
https://www.ccn.com/mexicos-congress-approves-cryptocurrency-crowdfunding-regulations/.

You could try following this Telegram group for news:
https://t.me/ccncom

[Bolt Brownie]

These seem interesting:
https://www.ccn.com/alibaba-subsidiary-reports-successful-use-blockchain-technology-logistics-data/
(since that is Alibaba after all, and Bitcoin is really striving to get the support from traders like Amazon, Alibaba, Steem and others first, I think that news are actually substantial);

and
https://www.ccn.com/mexicos-congress-approves-cryptocurrency-crowdfunding-regulations/.

You could try following this Telegram group for news:
https://t.me/ccncom

Hello dado7, as usual thanks for sharing. It's always good to read the links you provide for this thread. I actually enjoyed reading the first link, and I think it's quite substantial for the blockchain technology itself, and that always relates to bitcoin in my opinion. If the blockchain is good because of the way it stores data (providing trust to that same data being stored), then it makes perfect sense that bitcoin will have a future in our world. The article doesn't go there, I think people will eventually realize that.

As for the second link, I still think that regulation is quite important, so any steps made in order to legitimize bitcoin in the eyes of the world, are very welcome and quite important in my opinion.

Thanks for sharing.


I will share another one, related to binance. A lot of people reacted to the fear of a hack, but everything is operational now, so I think it's worth sharing.

https://cointelegraph.com/news/binance-reverses-irregular-trades-resumes-trading-amidst-community-confusion-about-hack

[Betwrong]

Thank you for creating this thread and for the nice positive info in the OP.

Below is my contribution, the aticle Five reasons 2018 could be the best year yet for cryptocurrencies by the same guy who predicted Bitcoin would drop as low as $5,000, when the price was around $17k in the end of 2017. What is even more interesting is that the article comes from a non-bitcoin friendly news agency like CNBC:

https://www.cnbc.com/2018/02/23/bitcoin-ethereum-other-cryptocurrency-five-positive-factors-for-2018.html

[fulmetal08larz]

This thread is a good read. Positivity will help us in maintaining our strategy in achieving our goals. FUDs and negativities about bitcoin is here to stay and there will always be uncertain times where your emotions will be tested. Always expect the unexpected in crypto world and make sure you have a decision planned on whatever happens.

[yj300316]

there are many fuds indeed in this forum.
i really support your thread to be read by everyone in this forum, even investors.
so they cannot affect by the fud spreaded around our community.

[Bolt Brownie]

Hey guys, thank you for the support. I'm glad this thread is being useful to some, and thanks a lot for the contribution, let's keep those news coming.
Bitcoin is being put to test again, and we are facing a few more dumps, but the fundamentals remain the same, and this article provided by Betwrong really touches the spot in my opinion.

Here is the article:
https://www.cnbc.com/2018/02/23/bitcoin-ethereum-other-cryptocurrency-five-positive-factors-for-2018.html

Thanks fr sharing, it has been a nice read. Glad to see him mentioning a lot of things that we already mentioned in this thread, one of those things was the Rootstock project, that was recently mentioned here by u9y42 (link here: Rootstock - https://faq.rsk.co/en/main/).

Let's keep the fight guys.

[FrueGreads]

I have been following this thread for a while, and I really appreciate what everyone is doing here. Most of the important things have been reported already, but since the price is dropping again, I decided to contribute with my 2cents. I know that threads like this, or any other kind of good news that are not huge, won't do much for the price itself because I strongly believe that the price is being manipulated right now, and some guys with a huge amount of coins (like Mt. Gox, or similar cases, either Roger ver, or apprehended coins, I don't really know, but you guys are getting the idea), are using fud news to sell their coins and drive the price down.

For instance we heard that google is probably going to ban crypto adds, just like facebook did. Will this make any difference for BTC? Of course not, but those guys start selling after these news that have the potencial to be seen as bad, and manage to drive the price down a bit (5% is enough). People start making associations and start panic selling, and we see crashes like this (most of those whales will probably buy back at a better price, and repeat...).

Anyway I do believe that reporting good news will help those that believe in BTC to remain calm, and hold when the market gets crazy like this. If we think about, bitcoin is in better shape than it was before, so the price will have to go up again eventually. Revolutions like BTC can't really be stopped. We had similar crashes in the past, and we bounce back to new ATH, after a prolonged bear market.

Enough "babbling", here is my contribution. Nothing special, but shows signs of potencial adoption.

https://www.coindesk.com/playboy-tv-to-accept-crypto-payments-for-exclusive-adult-content/
https://cointelegraph.com/news/japanese-electric-company-tests-bitcoin-lightning-network-payments-for-car-charging

[Bolt Brownie]

Thanks a lot for sharing. They are not huge, but news related to adoption are always very important since we want to move away from the speculative area as soon as possible, and stick to the usability area. This is what will legitimize bitcoin in the future.

I have a new one as well, that comes in great timing specially because of the recent FUD related to Twitter rumors, of crypto adds ban, following Facebook initiative. First I would like to say one more time that even if the rumors are true, they should have no implication on bitcoin, because BTC does not need adds, as it already hit mainstream awareness. So if the sells are related to those news, it's just an irrational move.

Here is what I wanted to share with you:
https://cointelegraph.com/news/twitter-ceo-says-bitcoin-will-become-worlds-single-currency-within-a-decad

A positive view on Bitcoin's future, from Twitter and Square CEO, saying that BTC should "become world’s 'single currency' within a decade". It also mentions the release of the "Bitcoin ready" LN implementation on mainnet, by Lightning Labs.

Great news as usual for the long term holders.

[bitterguy28]

I agree to you and i support to your advocate to stop fud, you have a point bitcoin and whole cryptocurrency are affected of fud news including the scammers. From the start I do not believe for social midea banning to advertise the cryptocurrency because the facebook company are not giving direct notice to all user of facebook regarding the crypto ban.

[Vit83]

People are like zombies, when you are trying to explain them that the news is upside down and in fact everything is fine, they say how do you know I've read the expert in local news;)
About Sberbank, they already trading BTC through Etoro platform(as I understood this is affiliated Sberbank platform, they were highly advertised by Sberbank at the beginning). Also, there was an article in Russian mass media that the shortage of video cards is connected with the mass purchase of them by Sberbank. And this was approved by SB PR department. They said that this is for tests)

[Bolt Brownie]

From the start I do not believe for social midea banning to advertise the cryptocurrency because the facebook company are not giving direct notice to all user of facebook regarding the crypto ban.

Well the thing about the ban on add by facebook, and rumors about the same thing but done by google or twitter, is that either they are true or not, they shouldn't matter. Even assuming that those news are true, how would they even affect bitcoin? ICOs run those adds, so on worst case scenario they should affect ICOs directly, and ethereum as a side effect, but never bitcoin.

People are like zombies, when you are trying to explain them that the news is upside down and in fact everything is fine, they say how do you know I've read the expert in local news;)

I couldn't agree more. Some people just blindly accept news, and the perspective given by the author or the so called "expert". I keep giving the adds ban as an example, because I think is a quite obvious one. Someone said that was a bad thing, people saw the price down, and instead of thinking for themselves most of them said: "This is a bad thing, let's sell, bitcoin is lost..." And that's really sad.