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Author Topic: Isn't it FUD!!!  (Read 133 times)
cryptotezi
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May 15, 2018, 04:35:02 PM
 #1

Hi Good People,

People are afraid of having a great change in the price just after the consensus 2018. But I am not sure about the prediction. My thinking is that after the consensus, price of cryptos may go down or up. It all about the impact of feedback come from the conference. In this situation, I am just holding myself from any trade. Though I believe price can only change for the fluctuation of demand and supply.

Share your thoughts and note me if I am wrong.

Thanks in advance  Smiley
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May 15, 2018, 05:21:55 PM
 #2

Can Bitcoin hit $ 50,000 this year? While most of the cryptocurrencies are much below their earlier highs but there are newer and newer predictions coming up for cryptocurrencies. One such prediction is that Bitcoin can rise to as high as $ 50,000 in the calendar year 2018.

A cryptocurrency portfolio manager by the name of Jeet Singh, stated at World Economic Forum in Davos, that the current volatility is completely normal when it comes to the cryptocurrencies space. He also stated that it is normal for cryptocurrencies to fluctuate by 70% to 80%. This is one of the main reasons why the current volatility does not worry him at all.
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May 15, 2018, 05:40:54 PM
 #3

yes

Could you please clarify a bit???
bitcad4u
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May 15, 2018, 05:50:17 PM
 #4

Hi Good People,

People are afraid of having a great change in the price just after the consensus 2018. But I am not sure about the prediction. My thinking is that after the consensus, price of cryptos may go down or up. It all about the impact of feedback come from the conference. In this situation, I am just holding myself from any trade. Though I believe price can only change for the fluctuation of demand and supply.

Share your thoughts and note me if I am wrong.

Thanks in advance  Smiley

Some of your points are right.Now a days ,we able to see 500$-1000$ in single days.This make a common man into millionaire.But I don't know,why you are holding for trade.You can start a trade.In bitcoin,you will get some profit independent of price you had brought.
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May 16, 2018, 03:16:40 AM
 #5

right now price is being pushed down by manipulation and that is creating some panic so it increases the sell pressure. don't expect any rises for now because there isn't any coming until this pressure is lifted from the market.
it may actually be because of Consensus 2018 because they predicted a rise so they pushed the price down to buy cheaper coins and also prevent price from going above $10k because if it was near $9k and the rise came it would have shot up above $10k and then it might have continued rising and that is not what the whales want.

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May 16, 2018, 05:17:58 AM
 #6

The rise after the conference resulted from a historical fact that the price has risen in previous times, but this does not mean that the rate will increase after each conference"The good news from that conference and not the conference itself is the cause of those rises."
Also, the high positivity that anticipates a crazy rise in prices may have caused erroneous and therefore counterproductive assessments.

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May 16, 2018, 06:19:02 AM
 #7

I think this conference is going to affect bitcoin price positively and we are at the moment were bitcoin has passed through alot of challenges that was created through FUD and banning.  I don't think we can actually see the price falling after this conference and decisions making put bitcoin is going to hit another moon again.

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May 16, 2018, 07:24:34 AM
 #8

I think this conference is going to affect bitcoin price positively and we are at the moment were bitcoin has passed through alot of challenges that was created through FUD and banning.  I don't think we can actually see the price falling after this conference and decisions making put bitcoin is going to hit another moon again.

Well if anything, the price seem to be dragging down right now. I'm not too keen in monitoring the conference since i'm really just watching the price go up and down but people's confidence are a bit brittle when news like that goes out.

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May 16, 2018, 08:29:38 AM
 #9

The consensus will end in about a day but the price seems to be going down. Right now its hovering around $8200-$8300 so I don't think that the consensus has somewhat affected the market in a positive way. However, there might be other factors that pull down the price in the last couple of days just like the South Korean authorities investigation on Upbit. But I do hope that the we can see good outcome on the consensus, like projects who won in hackathon competition:

(https://bitcointalk.org/index.php?topic=3840211.0) - 8base team participated in, and ultimately won, the CoinDesk Consensus 2018 Building Blocks Hackathon challenge presented by AlphaPoint in New York City!

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May 16, 2018, 08:40:48 AM
 #10

The common thing in bitcoin and crypto currency is their fluctuation of price.Sometime their will be huge raise and huge fall.If you are wise trader ,you have to act differently.Don't worry about the fluctuation and fall.It is very good time to inverse in bitcoin.I don't know why people are not aware of this thing  and worry for fall.
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May 16, 2018, 09:39:36 AM
 #11

Hi Good People,

People are afraid of having a great change in the price just after the consensus 2018. But I am not sure about the prediction. My thinking is that after the consensus, price of cryptos may go down or up. It all about the impact of feedback come from the conference. In this situation, I am just holding myself from any trade. Though I believe price can only change for the fluctuation of demand and supply.

Share your thoughts and note me if I am wrong.

Thanks in advance  Smiley

The fall from $10k is probably not caused by FUD, or at least FUD alone. There was some uncertainty regarding Gox coins as well as Bill Gates/Warren Buffett openly condemning bitcoin, but the $10k resistance was pretty strong to begin with.

What people are claiming the Consensus event will do to bitcoin prices are merely predictions. I don't think that qualifies as FUD per se, otherwise, all speculative opinions would classify as FUD which is simply not true.

BTC prices will be influenced by what goes on in the Consensus, though. I don't think you need to worry about it too much, I wouldn't panic sell at this stage since prices are so low.

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May 16, 2018, 04:17:40 PM
 #12

Hi Good People,

People are afraid of having a great change in the price just after the consensus 2018. But I am not sure about the prediction. My thinking is that after the consensus, price of cryptos may go down or up. It all about the impact of feedback come from the conference. In this situation, I am just holding myself from any trade. Though I believe price can only change for the fluctuation of demand and supply.

Share your thoughts and note me if I am wrong.

Thanks in advance  Smiley

Some of your points are right.Now a days ,we able to see 500$-1000$ in single days.This make a common man into millionaire.But I don't know,why you are holding for trade.You can start a trade.In bitcoin,you will get some profit independent of price you had brought.
Yeah, the last time I checked, the main idea of trading is to benefit from the fluctuation in prices within the short period you are trading. Although, I understand that there is a lot of FUD going on in the market based on different news but at the same time, the market will still always do whatever it wants to do.

The most important thing here is to just follow the trend and then see how things eventually end up turning out at the end. So far, I am seeing some divergence on the way down, so there may be some sentiment changing.
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May 16, 2018, 06:10:14 PM
 #13

Hi Good People,

People are afraid of having a great change in the price just after the consensus 2018. But I am not sure about the prediction. My thinking is that after the consensus, price of cryptos may go down or up. It all about the impact of feedback come from the conference. In this situation, I am just holding myself from any trade. Though I believe price can only change for the fluctuation of demand and supply.

Share your thoughts and note me if I am wrong.

Thanks in advance  Smiley

You focused way too much on the conference. As we've seen it had no immediate impact on the price although, regarding Bitcoin, there was lots of great news.
The dump we saw was not related to any news coming from this conference, not did the positive news pushed it as I said.
this year the conference did had the electricity or the excitement of the last 2-3 years.
And that's fine. We had a crazy run last year and are still in recovery mode from the 70% drop. And of course we could still go down and test the 6k again.
All you to know is: the fundamentals are looking great and had never been better. Just hold and be patient. Forget about all the noise which is mostly created just to separate you from your coins. The big guys wanna make you sell, because THEY want your coins for themselves!!
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May 16, 2018, 07:35:08 PM
 #14

It's not even that interesting anymore to focus on what might or might not happen in the very short term. If the price is going op or remains fairly stable, it's all fine with me. In case the price is going down, it's also fine with me. I seriously got a bit bored with all the things we have gone through lately, and that clearly shows everywhere. If the price is going down, it's not because of fud or other negativity, but just that the market is taking a healthy step back. Don't forget that we experienced price increases and developments in 12 months time, that usually would take us 2 or 3 years to go through. Let the market do what it wants to do, we can't stop it so it's pointless to even attempt it.
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May 16, 2018, 07:38:47 PM
 #15

Hi Good People,

People are afraid of having a great change in the price just after the consensus 2018. But I am not sure about the prediction. My thinking is that after the consensus, price of cryptos may go down or up. It all about the impact of feedback come from the conference. In this situation, I am just holding myself from any trade. Though I believe price can only change for the fluctuation of demand and supply.

Share your thoughts and note me if I am wrong.

Thanks in advance  Smiley

I totally agree with you. It all depends on the feed back after the consensus in 2018. The market now is even harder to speculate and it had become more volatile. So, I guess some investors or crypto holders are tired of speculating the price. Let's just see what will happen to the market condition after the consensus.

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May 18, 2018, 07:55:31 AM
 #16

People are afraid of having a great change in the price just after the consensus 2018. But I am not sure about the prediction. My thinking is that after the consensus, price of cryptos may go down or up. It all about the impact of feedback come from the conference. In this situation, I am just holding myself from any trade. Though I believe price can only change for the fluctuation of demand and supply.
Yes, FUD has been one of the main things that have been affecting the market for a while now and there is really no news to really affect the price or bring about some huge buying momentum. However, there will always be fluctuations and it is not like one cannot still find a way to trade them, it is likely possible that we may end up seeing a reversal or even more dips, but I believe only time can actually give us that information.

Bitcoin is known for recovering from any depth of falling down and it has proved it many times in its 9+ years of life cycle. This year may be a different one from what we had in 2017 and similarly 2019 also will be very different from this year. Lets just hope and bitcoin will never break our hopes like the past occurrences.


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May 18, 2018, 02:41:44 PM
 #17

this could be the main cause now the price has dropped so drastically over the long term and we hope big investors can take a wiser stance to get the price back to normal.

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May 18, 2018, 07:41:05 PM
 #18

Hi Good People,

People are afraid of having a great change in the price just after the consensus 2018. But I am not sure about the prediction. My thinking is that after the consensus, price of cryptos may go down or up. It all about the impact of feedback come from the conference. In this situation, I am just holding myself from any trade. Though I believe price can only change for the fluctuation of demand and supply.

Share your thoughts and note me if I am wrong.

Thanks in advance  Smiley

Prices have really been in the red today, especially the top 20 coins by CMC. What a way to start the weekend... However, am thinking crypto is up for any challenge, be it consensus 2018 or pending regulatory standards.

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