Can FUD destroy bitcoin?

[vhroen]

FUD created by some people in the crypto world, for me is just a strategy to pump and dump their holdings and has no long-term effect on bitcoin users' trust. Whereas, Fud related to fake news outside the crypto space coming from media and other government institutions in every part of the world can have a direct and indirect effect on bitcoin and other cryptocurrencies users.

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[Ishiro5]

FUD can only successfully scare those who are only in bitcoin without understanding its ideals and also seeking quick money only. But for those who are disciples of the technology and its potential to revolutionize the world and there are many now u would agree, destruction would not happen to bitcoin cos they will hodl to make it survive...

[owlman]

Many of the FUDs circulating about bitcoin seem to indicate the scouring of bitcoin users' trust on bitcoin so bad perceptions of bitcoin, especially for new users and selling bitcoin, which seems deterrent to use bitcoin, will the price of bitcoin be destroyed by FUD, How do you react to it?

Of course, there are people who believe untruthful news and make decisions based on them, but it is impossible to destroy bitcoin in this way.

[hurry_hore]

Many of the FUDs circulating about bitcoin seem to indicate the scouring of bitcoin users' trust on bitcoin so bad perceptions of bitcoin, especially for new users and selling bitcoin, which seems deterrent to use bitcoin, will the price of bitcoin be destroyed by FUD, How do you react to it?

If only FUD I think Bitcoin price will not be destroyed as it has been lot of people trust this bitcoin, moreover now the people who trust bitcoin is getting more and the obstacle seems to be cleared out now. So Bitcoin will still survive and grow..

[surfinonmyownwavebaby]

I don't react to it, because there is no reason to react to it. What you should be doing is figuring out who has the money and power in this space and kindly follow those individuals. As much as we don't want to admit it, some people control the media. And the media in turn controls people, and the people so happen to drive the market. Anybody see a pattern here? I do and the pattern is saying follow the smart money

[KevinClarkson]

nope, never

[ciciteng]

The answer is NO, as clear as day!
It might have effect on some shitcoins, but FUD on Bitcoin will have no (significant) effects.
Sometimes they crate FUDs just for shaking some FOMO, noobs and some weak hands. Not the one that are here for the technology behind it and the digital economic revolution.
The strategy is quite simple; they want Bitcoin as cheap as possible by spreading FUDs around. Then they will buy all of them.
But NO, we all here know already that cheap old tricks!

[Agathai]

In my opinion, not only FUDs affect bitcoin but even the crypto market is subject to the reaction and influence from FUDs. But it is not enough to destroy the growth of bitcoin. This has been proven in the past. From the formation of bitcoin at the beginning. It really brings great pressure, as well as it has a huge impact on the value of bitcoin. However, as we have witnessed in recent 2 years. Bitcoin is evolving and moving faster with the popularity spreading around the world.

[Faxmate]

Many of the FUDs circulating about bitcoin seem to indicate the scouring of bitcoin users' trust on bitcoin so bad perceptions of bitcoin, especially for new users and selling bitcoin, which seems deterrent to use bitcoin, will the price of bitcoin be destroyed by FUD, How do you react to it?

FUD cannot destroy bitcoin. The smart investors doesn't take a whole FUD about bitcoin. They will find an accurate information about the FUD
whether it is true or not. But FUD can disrupt bitcoin price indeed, but cannot destroy it.

But actually the problem comes here, every trader isn’t that much smart. What you think if every trader start trading with such sharp and smart mind, wouldn’t bitcoins be at the top of world’s currency now? Definitely it would be. But we don’t think in that much pace and line. Our own and sole focus is to earn money whether everything is going to hell or not. So don’t just think about such FUDs.

[CarltonWyatt]

go on bitcoin obituary.com. Read the amount of FUD news stories and then come back and ask the same question. Bitcoin has been pronounced dead hundreds of times!

[Yarsk]

Well FUDS are band to be there in any project the has future and at that FUDS can say what ever fake news there wish but in that way the Price of bitcoin may be affected by that but it can not be totally destroyed because bitcoin has the capacity to survive what ever attacks that may come it way.

[jpespa]

It affects the bitcoin community but I think it cannot destroy the bitcoin. There are many believers of bitcoin if those fake bitcoin users were all gone because they got scared of such speculations, it would be easier for believers to improve the community.

[Ayobami99]

no!

and the reason is very simple. FUD is not affecting everyone! it is always falsified information to create fear uncertainty and doubt in the market but it will only create such feelings among certain group of people who don't understand what is happening. we usually call them "newbies" or "panic sellers". they are not all the market, in fact the rest of the market is enjoying this group because they are the way to make profit easily and big time.

We can't totally say no on this matter,  though i aggree with what you pointed out,  but FUD will still affect btc market which will recover over time...

[vnck25]

Bitcoin and any cryptocurrency cannot be destroyed. People can not buy into it. That's all they can do, stop interacting with Bitcoins, but this does not mean that Bitcoins are destroyed. Fudding will only manipulate Bitcoin's price, even that temporarily. So don't worry too much, Bitcoins or in general the idea of cryptocurrencies and blockchain technology are here to stay!

[brylle34]

Many of the FUDs circulating about bitcoin seem to indicate the scouring of bitcoin users' trust on bitcoin so bad perceptions of bitcoin, especially for new users and selling bitcoin, which seems deterrent to use bitcoin, will the price of bitcoin be destroyed by FUD, How do you react to it?

a big NO, bro they are just spreading fud to buy cheap, some are real news but fud'ers do spread this negative news because they just want to earn more. those who are affected by FUD are the weak investor or newbies who are news in this trading, we can just look at what happen in this last big drop from bitcoin 100 percent to almost 30% its because of media a lot of new to bitcoin invested and they pulled it out because of heartache, but you can look at this dips as an opportunity too.

[walemil]

No amount of FUD can destroy bitcoin. The strength of bitcoin has been greatly revealed over the years. Bitcoin has continued to wax stronger  in spite of very many challenges. The price has started going up and that is a reassuring sign that nothing can destroy bitcoin.

[cryptofeel]

No. While there may be some immediate damage to the reputation and price of the bitcoin when there is an FUD, it does not have the weight to sink the bitcoin. The answer remains a no.

[jimbo77]

I personally do not believe it can destroy bitcoin, though it can make the price to dump. If you have observed well in the past weeks how many FUD news that have been carried, and it has really caused a lot of dump of bitcoin and other crypto currencies as well. I can say most of the news is fake but most newbie and panic sellers just rush to sell their coins they hear a bad news. The lesson is for people to learn to stay calm otherwise they will continue to lose money.

[Bellator]

Many of the FUDs circulating about bitcoin seem to indicate the scouring of bitcoin users' trust on bitcoin so bad perceptions of bitcoin, especially for new users and selling bitcoin, which seems deterrent to use bitcoin, will the price of bitcoin be destroyed by FUD, How do you react to it?

We can see the price had fallen and i think its all because of the FUDS that were spreading in the entire bitcoin community.Apparently it affects the trust of its user if these would continue to scares us due to these continous rumors.If people would think negatively in bitcoins existence i can sense that there will be behind the scenes that were happening that causes bitcoins to fall permanently.We are just hoping that people will see its advantages rather than seeing the little lapses that bitcoins concept and protocol.

[Searing]

Well, I must say, there seems to be MORE FUD now from established banking concerns than ever before. There was a time a year or so ago, when the major banks

thought they could just ignore crypto and it would go away. Now, having to incorporate some of the blockchain tech into banking they are faced with the problem of

IF blockchain on banks is OK for tech advancement (centralized, where we run the crypto completely from the top down)

Well, the banks and others are faced with the problem of ....why is a blockchain run from a decentralized direction upward and open sourced bad..

yeah, they figured out both can work, but if the decentralized versions of cyrpto continue to catch on..they will be out of business...

thus bring on the FUD (fear, uncertainty and dismay)

All they have to shoot down BTC and other crypto tech advancements is to say that 'decentralization and open source" is the realm of anarchy and madness

so when the price goes up to fast and crypto and BTC gets too much 'good press' (actual reporting of how it works etc)

The banks and their minions in government around the world all pile on, with FUD to slow down or confuse the issue

this IMHO will be obvious right around the time of 10k BTC again and high alt prices reflected on such .....in the next week or so

so expect the backlash then ....the usual articles , bitcoin is a ponzi, used by druggies, India always piles on with someone saying a complete ban on crypto,

government regulators to keep the banker minions happy, usually then state their support of banks and 'regulating the unruly crypto crowd"

rinse/wash/repeat

so yeah, IMHO they can slow it down quite a bit for a brief amount of time...but it is like trying to hammer jello, ...but my bet is at 10k BTC the sh*t will

hit the fan again FUD wise....it has been the pattern in the past

brad