FUD-slingers saying 20K this weekend...

[wxa7115]

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?

It is just FUD, people like this are just trying to take advantage of the fear that is in the market to try to see if the market keeps going down but what they do not understand is that very few people have the influence to make this market move with just their comments so I suggest that you ignore him.

Most likely nothing is going to happen during the next weeks as everyone is just taking their time to accumulate more coins and see if the whales are finally ready to pump the market or they want to make it lose even more value for the time being.

[2double0]

20k is not a one week game, it will be seen but it will take time instead of falling it like a home of cards fall because, if the false players do it that way, then the confidence of everyone will be shaken so hard they will suck out every penny from crypto and this will increase the size of the dump even further. 20k is possible till btc is under $40k and does not break that level with a considerable volume.

[Lanatsa]

20k is not a one week game, it will be seen but it will take time instead of falling it like a home of cards fall because, if the false players do it that way, then the confidence of everyone will be shaken so hard they will suck out every penny from crypto and this will increase the size of the dump even further. 20k is possible till btc is under $40k and does not break that level with a considerable volume.

There would be lots of strong supports need to be broken first before we can see that 20k price once again and I agree that it wont fall in a snap of fingers or blink of an eye.

This isn't a market which would behave similarly on 2018 price crash, though its not an assurance for some possible crash of this market because its always been unpredictable.

Fuds are common and we should really prepare for that and instead of panicking then better to mind off for better re-entry.

[bbc.reporter]

Everyone was trolled by Scott Minerd. He is presently part of a new fund that registered with the SEC and might allocate a part if their money in bitcoin or other cryptocurrencies hehe. It appears some replies were correct. Minerd wanted the price to dump for his fund to buy hehehe.



The Fund may seek investment exposure to cryptocurrency (notably, Bitcoin), often referred to as “virtual currency” or “digital currency,” through cash settled derivatives instruments, such as cash settled exchange traded futures, or through investment vehicles that offer exposure to Bitcoin or other cryptocurrencies through direct investments or indirect exposure such as derivatives contracts. In addition to the general risks of investing in derivatives or other investment vehicles, described further below, the value of the Fund’s indirect investments in cryptocurrency is subject to fluctuations in the value of the cryptocurrency, which can be highly volatile.

The Sub-Adviser’s personnel with responsibility for the day-to-day management of the Fund’s portfolio are:

B. Scott Minerd, Chairman, Global Chief Investment Officer, Managing Partner and Portfolio Manager of the Sub-Adviser. Mr. Minerd joined Guggenheim Partners (or its affiliate or predecessor) in May 1998. Mr. Minerd leads Guggenheim Partners’ research on global macroeconomics and guides the firm’s investment strategies. Previously, Mr. Minerd was a Managing Director with Credit Suisse First Boston in charge of trading and risk management for the Fixed Income Credit Trading Group. He was responsible for the corporate bond, preferred stock, money markets, U.S. government agency and sovereign debt, derivatives securities, structured debt and interest rate swaps trading business units. Mr. Minerd is a member of the Federal Reserve Bank of New York’s Investor Advisory Committee on Financial Markets, helping advise the NY Fed President about financial market developments, risks to the financial system and steps that can be taken to understand and mitigate these risks. He is an advisor to the Organization for Economic Cooperation and Development (OECD) on long-term investments and is a contributing member of the World Economic Forum (WEF) and their Global Agenda Council on the Arctic.

Source https://www.sec.gov/Archives/edgar/data/1864208/000182126821000253/gug82397-n2.htm

[wxa7115]

20k is not a one week game, it will be seen but it will take time instead of falling it like a home of cards fall because, if the false players do it that way, then the confidence of everyone will be shaken so hard they will suck out every penny from crypto and this will increase the size of the dump even further. 20k is possible till btc is under $40k and does not break that level with a considerable volume.

There would be lots of strong supports need to be broken first before we can see that 20k price once again and I agree that it wont fall in a snap of fingers or blink of an eye.

This isn't a market which would behave similarly on 2018 price crash, though its not an assurance for some possible crash of this market because its always been unpredictable.

Fuds are common and we should really prepare for that and instead of panicking then better to mind off for better re-entry.

The conditions for such a drop are simply not there, look at how much the bears need to struggle for the price to go down a few thousands of dollars only for the price to recover almost immediately.

It is clear to me we are in an accumulation process, the bears cannot make the price to go down and the bulls are not interested in this as the price is very attractive for them and they are accumulating more coins, and once they are finally happy with their holdings that is when we will see the bull run taking place.

[chikading2016]

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?

Well i think they are right maybe we will experience a bloody weekend since bitcoin almost down up to 30k$ below last night. I saw a huge dump and maybe there is a big company or a group of investors dump thier coins. But we still need to be careful and believe to our self and not depend on others decision or analyses we need to decide by our own for us to earn.

[lepbagong]

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?

Well i think they are right maybe we will experience a bloody weekend since bitcoin almost down up to 30k$ below last night. I saw a huge dump and maybe there is a big company or a group of investors dump thier coins. But we still need to be careful and believe to our self and not depend on others decision or analyses we need to decide by our own for us to earn.

It's okay to use other people's analysis if what is said can be done and is in accordance with what we are going to do or at least can provide moral support so that what we are about to do seems to be correct.

Correction is too deep at this time, it is clear that news continues to come together which causes panic that has occurred and the actions taken are not analyzed beforehand, so what is being done makes the market move in a negative direction. and things like this are certainly not very good for the development of crypto if you always trust news from people who actually want to dredge up the market panic.

I believe that this will soon pass if I see bitcoin is very stable at the moment and does not want to drop below $30K. although there is improvement, it will continue to go down and up before bitcoin is sure to be able to move to achieve what it wants. Remember that the halving has not happened and will happen at the end of this year. we will wait for it to happen and it will be a surprise.

[buwaytress]

Right so we're heading for the second weekend after this original prediction -- counting not counting -- and I don't see much on the horizon except a Fed decision later today on monetary policy.

But since we're all expecting more of the same, any decision actually against further stimulus could take us bwck down towards 35k hm?

[btc_angela]

Right so we're heading for the second weekend after this original prediction -- counting not counting -- and I don't see much on the horizon except a Fed decision later today on monetary policy.

But since we're all expecting more of the same, any decision actually against further stimulus could take us bwck down towards 35k hm?

Possible to #35k again, price swing negatively now, down from $40k to $38k now.

We are far from the weekend, but I wouldn't surprised to see after the FED meeting on Wednesday-Thursday (depending on your timezone).

But if I'm not mistaken, before the FED decision, all other traditional markets is flat so we will see what will be the net effect on a volatile market such as crypto.

[BrewMaster]

We are far from the weekend, but I wouldn't surprised to see after the FED meeting on Wednesday-Thursday (depending on your timezone).

But if I'm not mistaken, before the FED decision, all other traditional markets is flat so we will see what will be the net effect on a volatile market such as crypto.

i don't think (US) FED has the effect that you think on this (global) market. there is definitely a lot of FUD these days from all those people who lost a ton of money because of the small rise above $40k that we had though. they are panicking and spreading any FUD they can to spread their panic and prevent the rise from growing any bigger.

[Hamphser]

Right so we're heading for the second weekend after this original prediction -- counting not counting -- and I don't see much on the horizon except a Fed decision later today on monetary policy.

But since we're all expecting more of the same, any decision actually against further stimulus could take us bwck down towards 35k hm?

Possible to #35k again, price swing negatively now, down from $40k to $38k now.

We are far from the weekend, but I wouldn't surprised to see after the FED meeting on Wednesday-Thursday (depending on your timezone).

But if I'm not mistaken, before the FED decision, all other traditional markets is flat so we will see what will be the net effect on a volatile market such as crypto.

Effect or not it would only be heading two possible scenario so better expect the unexpected because the market had always been like this neither it could really make out some significant move or wouldnt really just care at all.

When it comes to fundamentals then its no surprise that this is way too reacting and the people around who had seen about fundamental effects would really be having that kind of behavior that they do freak out in times like this.

20k or not it doesnt matter if it does go down then be prepare on your wallet to buy cheaper or bargained coins.

[buwaytress]

Possible to #35k again, price swing negatively now, down from $40k to $38k now.

We are far from the weekend, but I wouldn't surprised to see after the FED meeting on Wednesday-Thursday (depending on your timezone).

But if I'm not mistaken, before the FED decision, all other traditional markets is flat so we will see what will be the net effect on a volatile market such as crypto.

My guess is nil nett effect at best, since we're expecting "good news" and further pressure downwards if the unexpected happens. So nope. Fed decision not gonna help in a positive way. And yeah, 40k resistance standing strong mid-month. Altcoins all doing their best to project bright outlooks on defi I can see but also not having much impact.

Far way from home, and we're deep in the woods right now. I'm enjoying it as much as possible, of course -D

[Yaunfitda]

We are far from the weekend, but I wouldn't surprised to see after the FED meeting on Wednesday-Thursday (depending on your timezone).

But if I'm not mistaken, before the FED decision, all other traditional markets is flat so we will see what will be the net effect on a volatile market such as crypto.

i don't think (US) FED has the effect that you think on this (global) market. there is definitely a lot of FUD these days from all those people who lost a ton of money because of the small rise above $40k that we had though. they are panicking and spreading any FUD they can to spread their panic and prevent the rise from growing any bigger.

Yeah, they can used the FED news to fit on their narrative, and then boom new FUD again on crypto thanks to this people. So far though the market hasn't move a bit. Of course it went down ~$2000. But after that it seems to stabilised again at$38k. But it still 50/50, possible that a big move because of the FUD can cause the market to sub $35k.

[inoes]

We are far from the weekend, but I wouldn't surprised to see after the FED meeting on Wednesday-Thursday (depending on your timezone).

But if I'm not mistaken, before the FED decision, all other traditional markets is flat so we will see what will be the net effect on a volatile market such as crypto.

i don't think (US) FED has the effect that you think on this (global) market. there is definitely a lot of FUD these days from all those people who lost a ton of money because of the small rise above $40k that we had though. they are panicking and spreading any FUD they can to spread their panic and prevent the rise from growing any bigger.

Yeah, they can used the FED news to fit on their narrative, and then boom new FUD again on crypto thanks to this people. So far though the market hasn't move a bit. Of course it went down ~$2000. But after that it seems to stabilised again at$38k. But it still 50/50, possible that a big move because of the FUD can cause the market to sub $35k.

FUD is very influential on price movements. Crypto prices are supported by the trust of their owners (investors) in the market. if there is an automatic FUD, investors may immediately secure their money. if there is Fud up to 20K$, it's already too much because the strongest BTC support is still 28K$. if this support is broken with FUD from all directions it will be bearish again. 

[ultrloa]

We are far from the weekend, but I wouldn't surprised to see after the FED meeting on Wednesday-Thursday (depending on your timezone).

But if I'm not mistaken, before the FED decision, all other traditional markets is flat so we will see what will be the net effect on a volatile market such as crypto.

i don't think (US) FED has the effect that you think on this (global) market. there is definitely a lot of FUD these days from all those people who lost a ton of money because of the small rise above $40k that we had though. they are panicking and spreading any FUD they can to spread their panic and prevent the rise from growing any bigger.

Yeah, they can used the FED news to fit on their narrative, and then boom new FUD again on crypto thanks to this people. So far though the market hasn't move a bit. Of course it went down ~$2000. But after that it seems to stabilised again at$38k. But it still 50/50, possible that a big move because of the FUD can cause the market to sub $35k.

FUD is very influential on price movements. Crypto prices are supported by the trust of their owners (investors) in the market. if there is an automatic FUD, investors may immediately secure their money. if there is Fud up to 20K$, it's already too much because the strongest BTC support is still 28K$. if this support is broken with FUD from all directions it will be bearish again. 

Its like tradition many sell when there's a fud spread and we need to cut that since if many people will still act badly on the fud spread well continuously we can exoerience this kind of market condition. But if majority will just ignore those fuds even how big or small it is we can possibly hit a big price jump and reach the 6 digits mark price of bitcoin.

[btc_angela]

We are far from the weekend, but I wouldn't surprised to see after the FED meeting on Wednesday-Thursday (depending on your timezone).

But if I'm not mistaken, before the FED decision, all other traditional markets is flat so we will see what will be the net effect on a volatile market such as crypto.

i don't think (US) FED has the effect that you think on this (global) market. there is definitely a lot of FUD these days from all those people who lost a ton of money because of the small rise above $40k that we had though. they are panicking and spreading any FUD they can to spread their panic and prevent the rise from growing any bigger.

I was under the impression that it can have an effect on the US first and then cascade it to UE and then Asian market. Anyhow, FUD will not go away, just a matter of time how we read it or take advantage of the situation.

@buwaytress - so far no effect at all, yeah you're right $40k too much mental barrier last month and this month. But we can all weathered this storm maybe August the least.

[Chato1977]

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?

3 weekends after what happened? still no 20k value?

tell the man that he is STUPID and LOSER.

from now on , there's nobody that will listen to him..

[Hamphser]

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?

3 weekends after what happened? still no 20k value?

tell the man that he is STUPID and LOSER.

from now on , there's nobody that will listen to him..

Does someone had listened to him in the first place? Get used to these kind of fake calls and Fuds where its a bit common where newbie accounts keep
telling about bitcoin going back to certain low price point.

And when the price havent moved as they do speculated then they do simply create another account and just wait up for some price dumps then would
say the same thing again.

Fud slingers are really lots on this market and if you are someone who do easily believe with these calls then better not if you dont like to experience
problems.

[wxa7115]

FUD is very influential on price movements. Crypto prices are supported by the trust of their owners (investors) in the market. if there is an automatic FUD, investors may immediately secure their money. if there is Fud up to 20K$, it's already too much because the strongest BTC support is still 28K$. if this support is broken with FUD from all directions it will be bearish again.  

This means we need to wonder why FUD is so effective and this is not difficult to know, a great deal of those that are investing in cryptocurrencies do not really have a lot of experience which means that as soon as something goes in the wrong direction then they panic and they sell.

And when we add that there are many parties interested in creating FUD unlike what we see in the stock market then this makes it even more effective, however whenever we see some FUD we need to ask ourselves what is the intention behind the FUD? And most of the time it is to make us sell so the price goes down which means we need to do the opposite and keep holding our coins.

[kapalmabur]

there will be no more $20000!, there are already a lot of people who want to buy Bitcoin at a price of $20000 to $25000,
and of course the whales already know this, and maybe the price of Bitcoin will fly off before the bears appear,
so remember! play the game of whales, and don't play alone