Hilarious FUD article about Bitcoin of course being doomed

[thecodebear]

This is too funny.

Author tries to argue that at this point a single bad piece of news will destroy Bitcoin and the entire crypto market. Says Bitcoin and the whole market's time is done. Any bad news he says, even a piece of news that doesn't seem that important, will suddenly send the market into a downward spiral from which it will never recover.

One of my favorite parts is when he says its impossible for anyone to claim to be an expert when it comes to the crypto market (in fact he calls it mind-boggling and just plain ridiculous)...in an article in which he says he is sure the market is about to collapse for forever simply because he believes the hype is over. The article is title "This spells doom for bitcoin" and yet there is no "this" in the article other than him thinking the hype is over and something about volatility in traditional markets being down.

The good news is we can put his ridiculous premise to the test very soon! If the entire crypto market doesn't collapse in on itself on the next piece of slightly bad news then he's proven wrong. Shouldn't take more than a couple weeks 

Just wanted to share this hilarious piece of FUD with you all.


https://seekingalpha.com/article/4166851-spells-doom-bitcoin?auth_param=1ehdal:1de6d9r:998a4d45efa366c6d3a89b51e4cd2bfc&uprof=45&dr=1

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[HabBear]

Here's another quote from the SeekingAlpha article:

In our view, we are one small news event away from a total collapse in Bitcoin and other digital assets like GBTC. When this does happen, the drop will be massive, as retail investors (with little or no other experience in the financial markets) run for the exits. We are short GBTC and our momentum trigger will be seen with a downside break of 9.60. The end is near - and, if you are long Bitcoin assets, it is time to find somewhere else to put your money.

All they can say is that one SMALL news event will send owners to the exits? That's ridiculous! Their lack of depth of their argument is evidenced by how short their article is - a whole two paragraphs! Negative news can always create a dip in the price. But one small news event doesn't create a crash...by definition alone any news event that has that kind of impact isn't small. Seriously, though, it's a global market. Any story to bring it all down has to be on the order of world war or the end of the internet.

In their defense they did get both of us to click from a thoroughly FUD premise.

[RodeoX]

I have made sooo much money ignoring stuff like this. 

[lusa]

I like this bitcoin obituary stat page. From December 2010 to today, bitcoin has died 288 times. It is really funny t read all those news from past to today.

It is just another obituary news with some fancy graphs.

https://99bitcoins.com/obituary-stats/

[HabBear]

I have made sooo much money ignoring stuff like this. 

Yeah man, buy on the dip...every time.

The reality is that if you still believe in the utility of the the cryptocurrency, negative news only provides buying opportunities. But always keep that sentiment grounded within the context of your own investment portfolio.

[thecodebear]

Here's another quote from the SeekingAlpha article:

In our view, we are one small news event away from a total collapse in Bitcoin and other digital assets like GBTC. When this does happen, the drop will be massive, as retail investors (with little or no other experience in the financial markets) run for the exits. We are short GBTC and our momentum trigger will be seen with a downside break of 9.60. The end is near - and, if you are long Bitcoin assets, it is time to find somewhere else to put your money.

All they can say is that one SMALL news event will send owners to the exits? That's ridiculous! Their lack of depth of their argument is evidenced by how short their article is - a whole two paragraphs! Negative news can always create a dip in the price. But one small news event doesn't create a crash...by definition alone any news event that has that kind of impact isn't small. Seriously, though, it's a global market. Any story to bring it all down has to be on the order of world war or the end of the internet.

In their defense they did get both of us to click from a thoroughly FUD premise.

Haha yes after reading it I was like wow that thing was dumb but dammit they got me to read it, and that's probably their only goal in such an absurdly stupid clickbait article.

[timerland]

This is too funny.

Author tries to argue that at this point a single bad piece of news will destroy Bitcoin and the entire crypto market. Says Bitcoin and the whole market's time is done. Any bad news he says, even a piece of news that doesn't seem that important, will suddenly send the market into a downward spiral from which it will never recover.

One of my favorite parts is when he says its impossible for anyone to claim to be an expert when it comes to the crypto market (in fact he calls it mind-boggling and just plain ridiculous)...in an article in which he says he is sure the market is about to collapse for forever simply because he believes the hype is over. The article is title "This spells doom for bitcoin" and yet there is no "this" in the article other than him thinking the hype is over and something about volatility in traditional markets being down.

The good news is we can put his ridiculous premise to the test very soon! If the entire crypto market doesn't collapse in on itself on the next piece of slightly bad news then he's proven wrong. Shouldn't take more than a couple weeks 

Just wanted to share this hilarious piece of FUD with you all.


https://seekingalpha.com/article/4166851-spells-doom-bitcoin?auth_param=1ehdal:1de6d9r:998a4d45efa366c6d3a89b51e4cd2bfc&uprof=45&dr=1

He clearly doesn't know what he's talking about.

Bitcoin markets are cyclic in nature, and obviously there will be bear and bull markets. Anyone sees that. Certain events does affect bitcoin prices in the short term, but no way are they going to "destroy" the entire market.

Again, the hype that he talked about has indeed died down, but that does not affect the long term adoption of bitcoin at all. It's literally just a bull market coming to an end, jeez. Nothing more than that. I don't think the author realizes that in a bull market, people get hyped up, and in a bear market, the hype dies down. It's completely normal, and will eventually recover once the next bull market comes by. Honestly, just ignore these articles as they clearly have no substance to them.

[thecodebear]

This is too funny.

Author tries to argue that at this point a single bad piece of news will destroy Bitcoin and the entire crypto market. Says Bitcoin and the whole market's time is done. Any bad news he says, even a piece of news that doesn't seem that important, will suddenly send the market into a downward spiral from which it will never recover.

One of my favorite parts is when he says its impossible for anyone to claim to be an expert when it comes to the crypto market (in fact he calls it mind-boggling and just plain ridiculous)...in an article in which he says he is sure the market is about to collapse for forever simply because he believes the hype is over. The article is title "This spells doom for bitcoin" and yet there is no "this" in the article other than him thinking the hype is over and something about volatility in traditional markets being down.

The good news is we can put his ridiculous premise to the test very soon! If the entire crypto market doesn't collapse in on itself on the next piece of slightly bad news then he's proven wrong. Shouldn't take more than a couple weeks 

Just wanted to share this hilarious piece of FUD with you all.


https://seekingalpha.com/article/4166851-spells-doom-bitcoin?auth_param=1ehdal:1de6d9r:998a4d45efa366c6d3a89b51e4cd2bfc&uprof=45&dr=1

He clearly doesn't know what he's talking about.

Bitcoin markets are cyclic in nature, and obviously there will be bear and bull markets. Anyone sees that. Certain events does affect bitcoin prices in the short term, but no way are they going to "destroy" the entire market.

Again, the hype that he talked about has indeed died down, but that does not affect the long term adoption of bitcoin at all. It's literally just a bull market coming to an end, jeez. Nothing more than that. I don't think the author realizes that in a bull market, people get hyped up, and in a bear market, the hype dies down. It's completely normal, and will eventually recover once the next bull market comes by. Honestly, just ignore these articles as they clearly have no substance to them.

haha yea so true. I've seen so many articles saying how bitcoin is doomed because transaction volume and interest have dropped so much since december. It's like well duh December was a straight up mania phase of course interest and txs are much lower during a bear market! Silly people.

[pooya87]

i think the author of that topic has heard something about how bad/negative news or FUD can affect bitcoin price and cause drops and now he thinks he is an expert on the matter. then he uses that fact and exaggerates is a lot more than it really is.
it is true that negative news has negative effect on bitcoin price, but it won't kill it and not all of them have the same size of effect on price either. and most importantly negative news needs perfect timing otherwise it is just noise. for example a negative news during a bull run is just wind in the air that nobody cares about.

[starblocks]

That article is quite speculative and doesn't have a very optimistic outlook

The amount of negative publicity thrown at it so far this year hasn't resulted in a total collapse yet even though anythings possible it does not seem that likely

[GoldenLad]

So many newbies who just started out with bitcoin will see this news and freaks out and this is because they don't know the value, important and future worth of bitcoin. Many of them believes that the price of bitcoin should always be on the high without a single dip. But they don't know that the price fluctuation of bitcoin is one of it characteristics and indirectly,  it favor we they investors.

[tomahawk9]

So many newbies who just started out with bitcoin will see this news and freaks out and this is because they don't know the value, important and future worth of bitcoin. Many of them believes that the price of bitcoin should always be on the high without a single dip. But they don't know that the price fluctuation of bitcoin is one of it characteristics and indirectly,  it favor we they investors.

Some newcomers might freak out but only if this "news" causes a lot of noise, which I don't think it'll do since we see FUD articles pretty much on a daily/weekly basis yet we don't to see a massive sell-off from the weak hands whenever a FUD article pops up.
But I think we're at that point where even the bitcoin noobs are starting to realize that these kind of articles are nothing more than gargabe, they know these type of negative news have no effect (maybe a small dip but nothing more) in the market in the long run...

[cmacwiz]

This is too funny.

Author tries to argue that at this point a single bad piece of news will destroy Bitcoin and the entire crypto market. Says Bitcoin and the whole market's time is done. Any bad news he says, even a piece of news that doesn't seem that important, will suddenly send the market into a downward spiral from which it will never recover.

One of my favorite parts is when he says its impossible for anyone to claim to be an expert when it comes to the crypto market (in fact he calls it mind-boggling and just plain ridiculous)...in an article in which he says he is sure the market is about to collapse for forever simply because he believes the hype is over. The article is title "This spells doom for bitcoin" and yet there is no "this" in the article other than him thinking the hype is over and something about volatility in traditional markets being down.

The good news is we can put his ridiculous premise to the test very soon! If the entire crypto market doesn't collapse in on itself on the next piece of slightly bad news then he's proven wrong. Shouldn't take more than a couple weeks 

Just wanted to share this hilarious piece of FUD with you all.


https://seekingalpha.com/article/4166851-spells-doom-bitcoin?auth_param=1ehdal:1de6d9r:998a4d45efa366c6d3a89b51e4cd2bfc&uprof=45&dr=1

This is such a ridiculous article, only noobs fall for these kind of articles now a days. These kind of articles are mostly written for small cap coins whose price can easily be manipulated by spreading fake news on a few websites.

[magneto]

It is definitely ridiculous, and is completely speculative in itself.

He seems to think that bitcoin will only survive with hype, although that's definitely not the case. Bitcoin has survived bear markets as well as bull markets.

He is overreacting to a lot of things mentioned in the article, and no doubt, the article was probably made for the sole intention of bringing up some more uncertainty in the market's minds.

If any piece of bad news is able to send bitcoin down into a downward spiral, bitcoin would have collapsed thousands of times already. It's almost a daily occurrence that bitcoin gets negatively covered in the media. Sometimes, it does have some negative effects, but these effects aren't long lasting and definitely won't affect any long term holders of BTC. Remember that FUD from news pieces go as quickly as they come. Markets may react to it, but only for a short amount of time before another piece of news takes their atteinton.

[Wind_FURY]

The whole article reads like a long post in a forum made by a user called Kwukduck. Hahaha.

From the article's summary.

Cryptocurrencies have been trading under pressure since the end of last year.

No, the pressure is slowing down. There is not as many FUD and market sell down happening.

Digital assets are at a critical inflection point in terms of their broader acceptance and legitimacy within the financial markets, and this is being shown on the price charts.

The price charts are starting to look good. But I agree that an "inflection point" will come when the next global financial crisis hits. It may end up being Bitcoin's "killer app".

We believe that all the “hype” has run its course, and that it is time to start going the other way in the Bitcoin Investment Trust.

"Hype" comes and goes. It is time for the next one.

What are you doing by holding Bitcoin Investment Trust? Hahahaha.

In our view, we are one small news event away from a total collapse in Bitcoin and other digital assets like GBTC. When this does happen, the drop will be massive, as retail investors (with little or no other experience in the financial markets) run for the exits. We are short GBTC

My mistake.

Then good! Hahahaha.

[Altcoins enthusiast]

I am happy some of us has started to understand how people create fud in other to bring bitcoin and altcoins market down and we should not see there act as enemycal but we should understand they tricks.

[followmenot]

People spent their life on traditional economics have no clue about bitcoin. Its very very normal thing. They don't know even history of bitcoin how it kept recovering after crashes and reached higher prices..

[Pursuer]

all these dumb FUDs on the internet have one thing in common and that is the fact that they are all poorly written and are 100% ineffective. these dumb people who make these FUDs think just because they are talking against bitcoin they are spreading FUD but if you ask me we shouldn't even be calling them FUD because a real FUD is a well thought misleading article that is based on facts, is well written and has a good timing that is why they are effective.

in any case this dumbness can easily be detected by anyone who has been around for a short while to see at least 2 of these bullshits

[bobo012]

I am happy some of us has started to understand how people create fud in other to bring bitcoin and altcoins market down and we should not see there act as enemycal but we should understand they tricks.

Exactly, we have learned not to worry about dips, but new people didnt. We just have to hold and add on dips. Then we have to wait it out a few years and all will be good

[Wind_FURY]

all these dumb FUDs on the internet have one thing in common and that is the fact that they are all poorly written and are 100% ineffective. these dumb people who make these FUDs think just because they are talking against bitcoin they are spreading FUD but if you ask me we shouldn't even be calling them FUD because a real FUD is a well thought misleading article that is based on facts, is well written and has a good timing that is why they are effective.

in any case this dumbness can easily be detected by anyone who has been around for a short while to see at least 2 of these bullshits

But you have to understand that they are doing this only because they have their self interests at hand. They are already "short" GBTC and want it to crash. Hahaha.

We as "permabulls" are also guilty of the same, but on the opposite side of the scale. I know I want to sell some of my Bitcoin when it reaches 6 digits.