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Author Topic: Hilarious FUD article about Bitcoin of course being doomed  (Read 123 times)
jseverson
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May 01, 2018, 09:31:12 AM
 #21

This only really mentions Bitcoin in passing though. It seemed to me like it was FUDing GBTC rather than BTC. It just uses BTC to drive its point home. Heck, all the charts it cited are of the traditional stock market..

Either way, why would you invest in GBTC when you can invest in BTC directly anyway? It's highly likely the author doesn't know much about crypto at all. It's usually safe to ignore FUD about Bitcoin, but it's especially safe to ignore this one.

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May 01, 2018, 11:20:16 AM
 #22

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  Tongue

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
do not be too confident with news like this, this will only make us lose and make big investors become anxious.


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May 01, 2018, 05:31:37 PM
 #23

Shouldn't take more than a couple days I believe you mean OP, in a few weeks we will have all kinds of news. These types of people shouldn't be allowed writing, making such extreme statements. It is unfortunate that they use this method as click-bait and that is the reason this story exists. If you talk to the author I bet you anything they don't even believe what they wrote. Teetering on the line of fake news if you ask me.

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audaciousbeing
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May 01, 2018, 05:36:36 PM
 #24

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  Tongue

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

FUD will always come and they don't get tired but what keeps amusing me is that despite the situation, they always have something to say. During the high price, they are quick to release statement about how its a pump and how its going to crash citing several historical statistics to back up such claim forgetting that the present is not a determinant of the future. When the price is equally going down, they are also quick to chip in about how their warnings are coming true and it is the end, its dead, the burble has bursted etc. The solution is to ignore and continue to ignore because ignoring once won't stop them from coming.

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