stop listening to false news

[yummydex]

The current "crash" is caused by one bad "news" after another.   A lot of them are the false or twisted truth.

For example, today, once again "China Full ban crypto".   What the...    Why is it causing another crash??  Why is it even "news"?

It was already banned in China back in September 2017.   All trading platforms suspended trading in September.   Anyone from China who still trade Crypto must be using foreign platforms.   Sure, they reported that China added all crypto exchange sites to Great FireWall.   So what?  These people have VPNs!   When I was in China, everyone who visits foreign sites use VPNs.   Yes, China banned VPN as well a long time ago.   So what?  Everyone is still using it.   Just like ignoring the traffic light is illegal in China, but at every intersection, you will see people ignore the red lights... the truth!   Just because it is "illegal", does not mean no one will do it.   

So just this (one) news of China banned Crypto, it was repeatedly used to crash the Crypto market (4 or 5 times).   Do not fall for it!
1.  Summer 2017, China banned ICO.
2.  September 2017, China banned crypto trading.
3.  November or December?  China became unfriendly to crypto mining (Large-scale miners moved oversea already)
4.  January 2018.  China banned websites of foreign crypto exchanges. (VPN!!!)
5.  Today, "China Full Ban Crypto"...  (Really?)

So what is next?
"China really ban crypto"?
"China really full ban crypto"?
"China really really full ban crypto"
"China will jail anyone who trades crypto"
"China will execute anyone who trades crypto"?
"China will nuke every country who trade crypto"??


Stop spreading this nonsense.    What's done was already done in September 2017.   Nothing has changed ever since.  NOTHING really changed in the last 4~5 months.  

Yellow journalism at its best.  


Same goes for Korean and Indian news.   South Korea did not really ban crypto.  Just one guy wanted to ban it.  It was not approved, nor implemented.   So far they have only added regulations that people can no longer trade anonymously.   So what?   Didn't Coinbase, Kraken, Bittrex etc. US-based platforms all require our IDs and photos?  

India also did not ban crypto.  Just a minister made some unfriendly speech toward crypto.  No real "ban" whatsoever.  

From the look of it, someone or some groups are trying hard to make the prices go down.   The sad thing is, people are falling for it.   The same China "news" was used on 5 occasions to cause the market crash while nothing was really changed or happened.   Korean news was used on at least 2 occasions.    

The bottom line is, let's just ignore all the stupid "news".   Use our brains.   Not hearsay from yellow journalism.   It is getting annoying to have every little "news" to impact the market price.  

If you are in this kind of business like bitcoin above all you must trust your self. And don't be easily be carried away by those hearsay's surrounding internet.

[Bardock26]

And it's not just this.

The false news only manages to cause alerts in the world of cryptocurrencies. Many of these are false and just want to stop investing, give a bad reputation to this business and that is a point against.

[bigbosma]

I have several verified sources, and I trust only the information I have heard there. This rule helps me keep up to date with the most accurate news for a long time.

[Sumo]

Often news are rigged to someone's benefit, and that applies not only to crypto-currencies. Therefore, it is important to compare information in different sources.

[Elerntta]

So not only do I read the news channels, but I also try to communicate with other, more advanced than I am investors, traders and economists. It helps me keep up to date with the real news.

[loof99]

Yes, I agree to that. False news make people panic. If they burst out that false news for example; bitcoin will be ban all over the world, by this many people will sell their bitcoin.
So, it will result to decrease of the price of bitcoin. Then some who made that false will take advantage on it

[MZMARY]

Not very good and high-quality news about the crypto currency when the price falls or grows mad, it's thanks to the infusion of some kind of news, and then it turns out that this is a dummy

[bukikbarisan]

I think you will find the source better than usual, the Financial News used by People's Bank of China to issue a policy, They want to stop ordinary people using bitcoin and will do so blocking access to exchanges outside China.

[ffg56]

I never believe that Bitcoin will be closed. Because I know Bitcoin will not bring any harm to our future.

[vergel24official]

Bitcoin is real money because we have to pay a ton of money to mine it! It’s expensive to mine so that makes it legit.

[shkon5]

I never believe that Bitcoin will be closed. Now that more and more people have joined Bitcoin, the value of Bitcoin will increase. All those are just rumors.

[reverseflash]

For most of people of news = truth. And it is very difficult to teach them to distinguish the truth from a lie.

[jagmrx]

I think you will find the source better than usual, the Financial News used by People's Bank of China to issue a policy, They want to stop ordinary people using bitcoin and will do so blocking access to exchanges outside China. To avoid panic it good to always read details of news from the source and avoid summary from the social media which can be miss leading, Bitcoin is a global currency, the world will soon have no choice than to accept same.

Ok, I will stop listening to false news. But actually it is pretty hard to different fake news and real news. The only thing I can do to deal with that is stop listening to news. I usually read some online forums where people can discuss in there and it is I think the most trusted source on the internet, in my opinion. False news may tend to trigger us to be scare or panic, but actually the price of btc right now is quite scary without false news, hahaha. So btc do not really need false news to make us scare or panic right now. But I guess we have to keep believing just like last year.

[TuanThanh3123]

I hope you are right. But even though with all this price drop, I will never lose faith in bitcoin at all.

[Russlenat]

That all news is making bitcoin price drop and clearly it is a manipulation, even if we don't listen to that news still bitcoin price is dropping anyway and we all gonna do is to set back and hold bitcoin and hoping that it will rise again.

[karloscimot]

right. because hearing or getting fake news news / news that is not necessarily true. makes me dizzy. sometimes my passion for investing is down.
which is my question .how to distinguish between real and fake news.

[MrCrank]

Yes, don't listen false news.
I don't know.. why people created many false news..
Need read only trusted news channels.

[lightning mcqueen]

Yes, don't listen false news.
I don't know.. why people created many false news..
Need read only trusted news channels.

If you invest here in bitcoin, better don't listen to the false news because it will just destroy your belief in continuing to invest here, we all know that bitcoin can give us profit and it can supply our everyday needs so better don't listen to false news.

[Mariadelan25]

Fake news is just around it depends on you if you believe but ist better to check first what the beginning of it Like As every one know Bitcoin is now one of the hot issue in the world and now the greedy whales some are now i think from some govt are trying to make huge incomer and they are trying to spread negative news and then buy cheap but remember don't sell and wait for good time.

[christina30]

I heard mostly a fake news it will be the signal to take profit then wait for the fake news once again then buy. Yearly it happens and it is very quite obvious for us not to see it. If you really are a true believer of bitcoin then by this time you should already knew what is fake and what is not, take advantage of the situation and surely you won't be sorry in the end you will also be compare the fake and not