FUD-slingers saying 20K this weekend...

[DaC0nsumeR]

I hope this does not overlap too much with other recent threads.

Been seeing market analysis that points to aggressive sellers, then some typical CNBC nonsense, then Scott Minerd on Twitter posts the following: "Crypto investors be warned: be prepared for a volatile holiday weekend."

Looking for your market readings for the next three days.

Is this just FUD for FUDsake, game playing, or are big sellers going to try and dump the price this weekend?

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[dothebeats]

Articles like these rise mostly from when bitcoin is in the red zone. Been seeing a lot of these predictions on reddit and twitter lately as well, though they don’t seem to hold enough weight given that most of the numbers they pulled are arbitrary numbers convenient to their models or predictions which, for the most part, hits once in a blue moon. Either way, I don’t think $20k is possible within this weekend despite the lackluster market performance. The buy and sell seems to even out on most exchanges too, hinting on a sideways or a stagnant market.

[cabron]

I just read an article about volatility in cointelegraph which they said the media wants people to think that volatility is bad. Bitcoin is very volatile and all the rest of the cryptocurrency is very volatile that's why the prices can just plunge in just a minute. But actually, it favours all so they could profit. Wallstreet guys are making money because of the market's volatility. Stock market is also volatile.

[headingnorth]

The institutions may try to dump their bitcoin over the weekend to cause a huge price drop so they can buy back at lower price. For the love of god don't fall for their market manipulation scare tactics and do not panic sell when it happens.

Because the price will quickly recover (even if it crashess to 20k) and you wont lose anything as long as you DO NOT PANIC SELL.

[Kemarit]

Just normal though, I think Bitcoin holders should try to stay away from this negativity. Or even just laugh at his because we all know that this FUD'ers will continue to bash Bitcoin specially when the price is going down like we have seeing right now.

But when the price goes on another bull run, those guys are going to be quiet, or will continue their attack but it doesn't have any impact on the price. We should be immune from this kind of tweets and articles floating around.

[Lorence.xD]

I just read an article about volatility in cointelegraph which they said the media wants people to think that volatility is bad. Bitcoin is very volatile and all the rest of the cryptocurrency is very volatile that's why the prices can just plunge in just a minute. But actually, it favours all so they could profit. Wallstreet guys are making money because of the market's volatility. Stock market is also volatile.

That's what media these days are doing, they want to make us think what their masters wants us to think, that's why I don't believe anything the newspapers say anymore, it is already tainted with propaganda and brainwashing. I don't really care if the prices are going to go down that far because I believe that it is all just a temporary event, if one whale gets out, another one is going to come in.

[dansus021]

I hope this does not overlap too much with other recent threads.

Been seeing market analysis that points to aggressive sellers, then some typical CNBC nonsense, then Scott Minerd on Twitter posts the following: "Crypto investors be warned: be prepared for a volatile holiday weekend."

Looking for your market readings for the next three days.

Is this just FUD for FUDsake, game playing, or are big sellers going to try and dump the price this weekend?

i already make thread when bitcoin down to 50K and now it more dip after bitcoin killed by dozen of bad news and fudder some analysis says bull run is end but some says its just correction to touch another ATH

in my opinion bitcoin down because some whale sell their bitcoin with following recent bad news retail trader selling more make bitcoin sell pressure high and bitcoin mining hashrate down

China always make ann about banning bitcoin in fact its happen in not just china alone, but since china have 70% hashrate it really punch bitcoin

[bbc.reporter]

Articles like these rise mostly from when bitcoin is in the red zone. Been seeing a lot of these predictions on reddit and twitter lately as well, though they don’t seem to hold enough weight given that most of the numbers they pulled are arbitrary numbers convenient to their models or predictions which, for the most part, hits once in a blue moon. Either way, I don’t think $20k is possible within this weekend despite the lackluster market performance. The buy and sell seems to even out on most exchanges too, hinting on a sideways or a stagnant market.

Bitcoin news and mainstream news media will publish and print what gets them the most clicks and the most views hehe. The sentiment at present is bearish, when the sentiment changes to bullish we would see articles like this with smaller fonts and not located in the big news headlines.

However, with this type of storyline will enter also the politicians who will grandstand and declare a war on bitcoin mining, a war on drugs, a war on something their citizens themselves do not understand. Do not be tricked. Politicians also only want what gives them the most views.



Massive bitcoin mine discovered in UK after police raid suspected cannabis farm

An illegal bitcoin mine has been found by police in the U.K. who were looking for a cannabis farm.

The mine — located in an industrial unit on the outskirts of the English city of Birmingham — was stealing thousands of pounds worth of electricity from the mains supply, West Midlands Police said Thursday.

Source https://www.cnbc.com/2021/05/28/bitcoin-mine-discovered-by-uk-police-on-cannabis-farm-raid-.html

[pooya87]

It's like Déjà vu. When bitcoin dropped from $6k to $3k the same media outlets  were filled with nonsense saying how price is going to fall down to $2k, $1k, etc. And now that price has fallen from $60k to $30k the same thing is being repeated but they are just adding a zero in front of their FUD.
I suppose we are going to see the same FOMO buying like that time too in a couple of weeks when price shoots past $100k.

[virasog]

I hope this does not overlap too much with other recent threads.

Been seeing market analysis that points to aggressive sellers, then some typical CNBC nonsense, then Scott Minerd on Twitter posts the following: "Crypto investors be warned: be prepared for a volatile holiday weekend."

Looking for your market readings for the next three days.

Is this just FUD for FUDsake, game playing, or are big sellers going to try and dump the price this weekend?

I don't think that bitcoin will reach 20,000$ in this week end. If the bears wanted to take full control, maximum they can push the price to 30K and not below that.
However volume is low during weekends and therefore it is easy to manipulate the market.

[aoluain]

Anything is possible in this current market, When we were aiming to hit $70k very few
would believe then that there would be a 50% pull back. If it does drop to that level I
would borrow FIAT again to buy Bitcoin, golden opportunities to buy what
I consider now to be CHEAP Bitcoin.

Also the current price points between $35k and $40k I consider to be cheap also.

[kryptqnick]

The problem with the media is that while its supposed to inform people, they are also operating for profit. This pushes them to go for content that will engage more people, and people tend to respond to basic negative emotions. Things provoking fear, anxiety or anger become more shared because they seem important to people. So FUD about the price going down is something that will catch attention and that means profits. But this is done at expense of staying objective.

[blockman]

Sometimes you just have to unfollow or just ignore them whatever FUD they're spreading. It's very typical in the market even in the bearish market, they've been spreading FUD as if they want to push down the prices. These medias doesn't really know a thing about cryptocurrencies but it's only their author that sources out these content so that they can publish anything related to cryptocurrency. They keep on posting those 'experts' opinion even if the 'crypto expert' is not a crypto folk.

[darkangel11]

If you believe real sellers are waiting for a weekend to dump you're crazy. People who want to sell sell. They don't wait for weekends and they don't set up a selling meetings or whatever so they can all sell at the same time. People who say "big sellers are going to sell tomorrow" are idiots. A drop can happen but not because some group of millionaires. There's a lot of fear among new investors because any people lost a lot of money on this last move. It's going to take some time before their confidence is restored.

[buwaytress]

If you wanted to worry it threads overlapped with each other in Speculation, you'd never post heh.

But really really tough for me to see an almost 50% dump happening when markets seem to have already shaken out stop losses. Even if somehow we ping on 20k, the bounce should be spectacular.

[Yaunfitda]

So another massive sell off going to happen this weekend? memorial day massacre? Nah, I'm not buying it. On the contrary, investors are resting on weekends so I don't expect any movement at all. If there is, then it won't go as far as hitting $20k.

Another bullshit take from mainstream media again, what do you expect, just started to be annoyed by them and spewing FUD whenever they can. This is 2017 all over again, when the state of crypto media is at worst. Just pushing their narrative with baseless news and then some.

[Wind_FURY]

Been seeing market analysis that points to aggressive sellers, then some typical CNBC nonsense, then Scott Minerd on Twitter posts the following: "Crypto investors be warned: be prepared for a volatile holiday weekend."

Be prepared for volatilty? He must be new. He should sit back down. Bitcoin has always been very volatile. Plus a $20,000 crash will be a GIFT to buy the dip. For anyone who thought they missed a golden opportunity during the euphoria, this is your opportunity!

[cryptomaniac_xxx]

Been seeing market analysis that points to aggressive sellers, then some typical CNBC nonsense, then Scott Minerd on Twitter posts the following: "Crypto investors be warned: be prepared for a volatile holiday weekend."

Be prepared for volatilty? He must be new. He should sit back down. Bitcoin has always been very volatile. Plus a $20,000 crash will be a GIFT to buy the dip. For anyone who thought they missed a golden opportunity during the euphoria, this is your opportunity!

Yeah, for experience crypto investors it will be a good time to buy, and for those newbies, they might be affected by the FUD but still bought at dip. But majority of them could panic if they see such news, so I would say there is a trade-offs.

In any case, bitcoin is volatile at at the same time very resilient, even though its fairly young, it has proven itself that that the price could increase dramatically after a huge drop.

[Harlot]

Always ignore the noise around you, people who are spreading FUD and negative speculation always do it since they know that even if they are wrong nothing bad will happen to them as they can always spread another rumor/prediction and some people will still believe it. If your main goal is to hodl then you won't be having problems with what they are saying right? Focusing on your goals and avoiding the noise around you is what you need to do in order to go around this volatile market.

[decodx]

Been seeing market analysis that points to aggressive sellers, then some typical CNBC nonsense, then Scott Minerd on Twitter posts the following: "Crypto investors be warned: be prepared for a volatile holiday weekend."

Be prepared for volatilty? He must be new. He should sit back down. Bitcoin has always been very volatile. Plus a $20,000 crash will be a GIFT to buy the dip. For anyone who thought they missed a golden opportunity during the euphoria, this is your opportunity!

Yeah, for experience crypto investors it will be a good time to buy, and for those newbies, they might be affected by the FUD but still bought at dip. But majority of them could panic if they see such news, so I would say there is a trade-offs.

In any case, bitcoin is volatile at at the same time very resilient, even though its fairly young, it has proven itself that that the price could increase dramatically after a huge drop.

Well, there have been plenty of other examples of Bitcoin's speculative nature and price volatility. Bitcoin price has always been pretty volatile, and even with the price surge this year it still does not come close to the price swings of 2014 and 2015. Bad news and FUD are part of the game, as are good news. How you turn them into an advantage is the art of it.