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Author Topic: After " Destroying Bitcoin " prices went up  (Read 207 times)
brawdias
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April 25, 2018, 10:50:25 PM
 #1

Have you seen that MIT technology review explaining 3 ways to destroy Bitcoin ? It is from a month ago.

Well I won't discuss that, but briefly, imo they have too much imagination, for real, it's all biased.

So basically, even with this news the prices went up from about 7k at the time to the prices that are now. I learned that Bitcoin prices usually fluctuate due to bad news, but I started to follow prices only this year. What kind of news would make the prices decrease ? Anyone remembers one ?
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April 25, 2018, 11:26:36 PM
 #2

this now bitcoin price down , only corection price
not crash , because nothing bad news
so don't panic you can still hold youre bitcoin
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April 26, 2018, 01:22:56 AM
 #3

Have you seen that MIT technology review explaining 3 ways to destroy Bitcoin ? It is from a month ago.

Well I won't discuss that, but briefly, imo they have too much imagination, for real, it's all biased.

So basically, even with this news the prices went up from about 7k at the time to the prices that are now. I learned that Bitcoin prices usually fluctuate due to bad news, but I started to follow prices only this year. What kind of news would make the prices decrease ? Anyone remembers one ?

Most of us have the impression that the Bitcoin price drops after bad news but this isn't accurate most of the time. If I am not wrong I remember lately that the Chinese exchanges' ban made the price drops (i have a shitty memory btw), while when the US auctioned +3k BTC, the price wasn't affected.
Same thing goes for good news.



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Rainbot
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April 26, 2018, 03:11:06 AM
 #4

What kind of news would make the prices decrease ? Anyone remembers one ?

you have a great example of china, when bitcoin was dependent on china, anything that china did against bitcoin, that affected the price, now we have japan, South Korea and USA, if one of these countries banned bitcoin, then the price would fall a lot, but in time it would recover, Japan is a very important player so that a possible prohibition would affect much in the price. but to think about this kind of thing does not bring anything good, what we have to think is we need more countries using bitcoin as Japan uses.

Have you seen that MIT technology review explaining 3 ways to destroy Bitcoin ?

I saw this and I honestly do not understand why they spent their brains and material resources to do this research, they should focus on other things

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April 26, 2018, 04:24:26 AM
 #5

Have you seen that MIT technology review explaining 3 ways to destroy Bitcoin ? It is from a month ago.

Well I won't discuss that, but briefly, imo they have too much imagination, for real, it's all biased.

So basically, even with this news the prices went up from about 7k at the time to the prices that are now. I learned that Bitcoin prices usually fluctuate due to bad news, but I started to follow prices only this year. What kind of news would make the prices decrease ? Anyone remembers one ?

the news seems to have been released 2 days ago. https://www.technologyreview.com/s/610809/lets-destroy-bitcoin/ and to be honest it seems like any other FUD out there instead of being a real argument about "destroying" bitcoin. it is basically saying if they create altcoins bitcoin will be destroyed but they forget that for the past 9 years they have been creating altcoins and no one ever cares about centralized shitcoins when there is decentralized bitcoin available! and the government takeover thing is basically a conspiracy theory.

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April 26, 2018, 08:31:55 AM
 #6

people no longer care about FUD like this one here anymore. this method is getting too old and see through. if they wanted to have a real effective FUD they need to come up with a better plan and fresh FUD otherwise when the same thing is repeated the first thing that everyone is going to think is the previous failed FUDs with the same subject and they simple ignore the new copycat one.

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April 26, 2018, 08:43:21 AM
 #7

Have you seen that MIT technology review explaining 3 ways to destroy Bitcoin ? It is from a month ago.

Well I won't discuss that, but briefly, imo they have too much imagination, for real, it's all biased.

So basically, even with this news the prices went up from about 7k at the time to the prices that are now. I learned that Bitcoin prices usually fluctuate due to bad news, but I started to follow prices only this year. What kind of news would make the prices decrease ? Anyone remembers one ?

Can you link the article?
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April 26, 2018, 08:49:00 AM
 #8

Have you seen that MIT technology review explaining 3 ways to destroy Bitcoin ? It is from a month ago.

Well I won't discuss that, but briefly, imo they have too much imagination, for real, it's all biased.

So basically, even with this news the prices went up from about 7k at the time to the prices that are now. I learned that Bitcoin prices usually fluctuate due to bad news, but I started to follow prices only this year. What kind of news would make the prices decrease ? Anyone remembers one ?

Altcoins won't destroy Bitcoin. People long enough in this space know this very well. We deal with alts since 2011 and none of them came even close to Bitcoin.
A FEDcoin isn't in any way different from the actual USD where 95% of transactions happen digital already. Nobody will fall for that kind of "stablecoin". Cheesy
And Facebook shall coopt Bitcoin? LOL!
I mean come on. All 3 ways are totally nonsense.
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April 26, 2018, 08:50:21 AM
 #9

Firstly, MIT explaining how bitcoin can be destroyed in 3 ways is obviously not something worth reacting to anyway. Also, I believe only those who want to care after all these years, or probably some newbies would be the one reacting to any news of some sort and panicking to sell because of that. I believe the market will always do its thing irrespective of the news and based on the perception of traders.

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April 26, 2018, 12:31:36 PM
 #10

Have you seen that MIT technology review explaining 3 ways to destroy Bitcoin ? It is from a month ago.

Well I won't discuss that, but briefly, imo they have too much imagination, for real, it's all biased.

So basically, even with this news the prices went up from about 7k at the time to the prices that are now. I learned that Bitcoin prices usually fluctuate due to bad news, but I started to follow prices only this year. What kind of news would make the prices decrease ? Anyone remembers one ?

Can you link the article?
there's a link above: https://www.technologyreview.com/s/610809/lets-destroy-bitcoin/

Funny how this article was posted during the uptrend  Roll Eyes It's nothing but FUD, and tbh, quite an embarrassing and lame attempt to spread FUD. I don't doubt that there's going to be people who will fall for this crap because the MIT has a a sense of Authority, so the average joe must be thingking "it's the MIT, whatever they say must be true". But the article didn't blow up as I expected so I guess people saw this and realized that it was nothing more than garbage.


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April 26, 2018, 01:36:24 PM
 #11

Have you seen that MIT technology review explaining 3 ways to destroy Bitcoin ? It is from a month ago.

Well I won't discuss that, but briefly, imo they have too much imagination, for real, it's all biased.

So basically, even with this news the prices went up from about 7k at the time to the prices that are now. I learned that Bitcoin prices usually fluctuate due to bad news, but I started to follow prices only this year. What kind of news would make the prices decrease ? Anyone remembers one ?
Yes indeed, after all the negative attacts and many other black propaganda's against it, it has stayed afloat and has proven itself how valuable it is to people and how important it is that no matter how hard they will try to destroy bitcoin it will survive. After the negative effects of those black proagandas now the price has rise back and show constant increase.
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April 26, 2018, 02:14:00 PM
 #12

I don't think this is FUD at all. They're doomsday scenarios, and as all doomsday scenarios are, they're somewhat rooted in reality. They're also all very unlikely. The article itself says they're nothing but ways "Bitcoin could be brought down, co-opted, or made irrelevant." It's all hypothetical. His closing statement makes perfect sense too:

Quote
Bitcoin’s early adopters have held fast to the dream of a single world currency that is private, free for all to use, and under the control of the masses. But the seven billion people not yet using Bitcoin might not care about any of that. With networks, convenience wins, and convenience is based on size. It’s the reason you’re on Facebook rather than some other social-media site—because everyone else is. If cryptocurrencies are to be widely used, it will be the habits of the masses, not the wishes of Bitcoin’s early adopters, that determine what becomes of Satoshi Nakamoto’s vision.

The author probably isn't a fan, but I don't see this as an attempt to smear, but rather to let readers take on a different perspective. None of what he says is new to us who are actually knowledgeable about the subject, but if I were new to the crypto world, I'd probably be quite amused.

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April 26, 2018, 02:48:29 PM
 #13

I think the only significant news that can lower the price of Bitcoin is when it is news relating to World War 3 commencing, anything lesser than that is not significant. Why? Because if you are a real trader you are not looking at news feeds but of course its price charts. Remembers price changes happens faster compared than people read the news, which means the price is changing more often even before half the market has read any significant news. People trading cryptocurrencies react and based their buying and selling decisions on the price movements. Cryptocurrecies are not like a stock of a company where you can relate good/bad news directly which will really affect their prices in the future.

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April 26, 2018, 03:45:26 PM
 #14

I think the only significant news that can lower the price of Bitcoin is when it is news relating to World War 3 commencing, anything lesser than that is not significant. Why? Because if you are a real trader you are not looking at news feeds but of course its price charts. Remembers price changes happens faster compared than people read the news, which means the price is changing more often even before half the market has read any significant news. People trading cryptocurrencies react and based their buying and selling decisions on the price movements. Cryptocurrecies are not like a stock of a company where you can relate good/bad news directly which will really affect their prices in the future.
Coinmarketcap is a great help o this situation, in it we will be able to know the progress of our coin, in economic analysis and even hrufuds, we will all agreed that the dips btc experienced last few months were all due in bad news that throws with bitcoin.


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zngit
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April 26, 2018, 03:51:01 PM
 #15

Yes news can strongly influenced the citizens in one particular part of affected area or until the boundaries reach. When it will be validated the rapid growth will be expected. Fake news can stumble the beliefs of many people out there that doesn't want to confirm what is real. Anyway bitcoin price will goes up and down that is the activities of price in the market.
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April 26, 2018, 05:11:55 PM
 #16

Though MIT demonstrated some ways to 'destroy' bitcoin, none of them seem to be practical to execute, Even then, the developers of bitcoin may have found a solution to negate all these exploits and loopholes just like what they did before. All in all, if these attacks are hard to do, why would anyone try to do it if they wouldn't be gaining some serious cash or anything that could benefit them? The news mattered less to the common folk and trades though I'm sure it stimulated some sleeping brain cells to some people. Any news relating to the ways to eliminate bitcoin isn't important to the traders; price and economic status matter most.

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April 26, 2018, 05:15:59 PM
 #17

Have you seen that MIT technology review explaining 3 ways to destroy Bitcoin ? It is from a month ago.

Well I won't discuss that, but briefly, imo they have too much imagination, for real, it's all biased.

So basically, even with this news the prices went up from about 7k at the time to the prices that are now. I learned that Bitcoin prices usually fluctuate due to bad news, but I started to follow prices only this year. What kind of news would make the prices decrease ? Anyone remembers one ?

In any investment field, like stocks, bad news always sends prices dumping. Crypto is just more sensitive to that due to the nature of the community.

For MIT, their post is pretty troll. They say that Fedcoin, Facebook, and ToyotaCash (among other coins) will destroy bitcoin :/....

I dunno what they study over there, but it's probably junk LOL. Given that FB recently went down in flames.

But anyway we might as well blame twitter for being able to destroy btc too. inb4 TwitCoin

PM if interested in buying these domains: EtherMining.org, CryptoMovement.org
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April 26, 2018, 05:42:25 PM
 #18

I do not see how altcoins will destroy bitcoin. Most new investors in cryptos choose bitcoin as their first foray into crypto investment.
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April 26, 2018, 06:35:32 PM
 #19

I do not see how altcoins will destroy bitcoin. Most new investors in cryptos choose bitcoin as their first foray into crypto investment.

Maybe because the btc is the only tradeable coin on the market? Bitcoin is like usd in fiat currencies, there is a euro (ethereum) which is honourable and tradeable, however it is still not the same volume.
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April 27, 2018, 06:30:08 AM
 #20

Have you seen that MIT technology review explaining 3 ways to destroy Bitcoin ? It is from a month ago.

Well I won't discuss that, but briefly, imo they have too much imagination, for real, it's all biased.

So basically, even with this news the prices went up from about 7k at the time to the prices that are now. I learned that Bitcoin prices usually fluctuate due to bad news, but I started to follow prices only this year. What kind of news would make the prices decrease ? Anyone remembers one ?

Most of us have the impression that the Bitcoin price drops after bad news but this isn't accurate most of the time. If I am not wrong I remember lately that the Chinese exchanges' ban made the price drops (i have a shitty memory btw), while when the US auctioned +3k BTC, the price wasn't affected.
Same thing goes for good news.
It is never accurate as far as I am also concerned. The thing is there are some news that can actually spring up some reaction in the market, but really I just see as the whales and traders reacting to it and most of the time, the sentiments around may actually not go in hand with the movements on the chart which has made me to believe that no one can actually use news to judge the market movement unless we sure believe it is something that is worth listening to. Most investors are not actually stupid anyway.

Does anyone really care about news anymore? It is glaring that news are just some ways to make some gullible people get themselves screwed into missing out from the future in the long run. MIT technology reviewing how they can destroy bitcoin is actually absurd and I wonder why anyone would want to pay attention to such news. The market react based on how it wants to react at every present moment based on most especially how the whales and traders want to do their thing.


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