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Author Topic: Is the FUD starting to wear off?  (Read 370 times)
Reatim
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June 01, 2021, 10:05:20 AM
 #21

As China bans bitcoin again while India unbans bitcoin again, this is getting played out.
Wait india unbanned Bitcoin ? but india had unbanned bitcoin years back so what's this?  and china did not totally banned bitcoin as whole , instead there are some part that has this issue in regards to energy consumption .
Quote
The energy consumption FUD is tired BS. The tweets, the misinformed articles, media FUD, etc. This is all getting boring. The fundamentals haven't changed, and the manipulation is getting boring. Seems like every rally, the same boring FUD comes in and scares the newest wave of recent buyers.
It's media's work so none can stop them from Shitting the crypto market so be aware and use to it.

Quote
It's cool if you bought within these recent few months, but stop fucking panic selling and wait for fuck sake. Don't like the current price, wait. Not giving you a good profit, wait. Fucking hold and wait.
Great stuff there mate, yeah we should consider holding and don't get affected by  this attacks.

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June 01, 2021, 10:12:54 AM
 #22

@mk4. Agreed. However, if you do the research and check some of the news media’s sources, you would see that there is some basis for the news. But what the news media is also doing is add some exaggeration and sometimes misreport the news to make it appear more than what the news really was to clickbait the readers.

Read the article from Okex. That is the real news. There will be policy changes in China but it is not targetted towards bitcoin.
They invest because of news and get out because of news. If they win, it is because of they are lucky to see news and join before the top and crash. If they lose, it is because they see news a few times but over-hesitate and when they invest, it's too late.

It is not the first year, crypto exchanges have to reconstruct their operations from China to other nations. It was resolved fine in the past, hence I believe it will be resolved well this time as well.

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June 01, 2021, 10:35:25 AM
 #23

@mk4. Agreed. However, if you do the research and check some of the news media’s sources, you would see that there is some basis for the news. But what the news media is also doing is add some exaggeration and sometimes misreport the news to make it appear more than what the news really was to clickbait the readers.

Read the article from Okex. That is the real news. There will be policy changes in China but it is not targetted towards bitcoin.
They invest because of news and get out because of news. If they win, it is because of they are lucky to see news and join before the top and crash. If they lose, it is because they see news a few times but over-hesitate and when they invest, it's too late.

It is not the first year, crypto exchanges have to reconstruct their operations from China to other nations. It was resolved fine in the past, hence I believe it will be resolved well this time as well.

Indeed, information today is very important, who always updates the latest news on crypto developments is definitely more likely to make a profit
when investing. Because most people are lazy to read and only depend on information from other people, it seems very difficult to enter the market
on time, most people enter the market when crypto prices are hype and at their peak. Who ended up buying Bitcoin at a high price, therefore always
follow the news related to crypto. But choose news from legitimate sources, so what we get is not fake news.

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June 01, 2021, 10:46:59 AM
 #24

As China bans bitcoin again while India unbans bitcoin again, this is getting played out. The energy consumption FUD is tired BS. The tweets, the misinformed articles, media FUD, etc. This is all getting boring. The fundamentals haven't changed, and the manipulation is getting boring. Seems like every rally, the same boring FUD comes in and scares the newest wave of recent buyers. It's cool if you bought within these recent few months, but stop fucking panic selling and wait for fuck sake. Don't like the current price, wait. Not giving you a good profit, wait. Fucking hold and wait.

It was to be expected. When the FUD towards cryptocurrencies begins, it is clear that someone really wants to lower the price of crypto assets in order to buy them at a low price. And as we can see after a short time, when the deed has already been done, FUD disappears and positive news reappears. Everything is designed for weak hands and this is not the first time this has happened. So, as you rightly pointed out, if you don't like the price of your crypto asset, then just wait for the price to go up.
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June 01, 2021, 10:59:03 AM
 #25

As China bans bitcoin again while India unbans bitcoin again, this is getting played out. The energy consumption FUD is tired BS. The tweets, the misinformed articles, media FUD, etc. This is all getting boring. The fundamentals haven't changed, and the manipulation is getting boring. Seems like every rally, the same boring FUD comes in and scares the newest wave of recent buyers. It's cool if you bought within these recent few months, but stop fucking panic selling and wait for fuck sake. Don't like the current price, wait. Not giving you a good profit, wait. Fucking hold and wait.
Did China put a full ban on crypto currencies or just mining? Last time I read that China put a ban on mining and was taking down those mining farms and arresting people involved in mining. Weren't they about to launch their own crypto currencies? As for India, they keep on banning and unbanning bitcoin. Like they aren't even sure what they want. The FUD stopped a week ago. People are no longer "concerned" about the energy consumption or market manipulation. Price tanked hard but has started to recover. Slow but progressive.

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June 01, 2021, 11:12:05 AM
 #26

There always will be FUD until FUD doesn't matter. The most scary FUD moves price 10-20% today, then it will be 5-10% in x years, then 1-5% in another y years. Then bitcoin will truly be the blue chip of crypto and no one will care about FUD because everyone will have some bitcoin and it's as normal as owning a blue chip stock.
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June 01, 2021, 08:09:11 PM
 #27

~
It is just how some article writers control the public with the use of the words. I even recall back then when there was a proposal of ban of Bitcoin in India back then in my local news but it was just proposal after all when I did a thorough research. That was long time ago and I barely recall already. Cheesy
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June 01, 2021, 10:22:17 PM
 #28

The bad thing about FUD is that it is targeting those new engagers or investors in the market and scaring them all out to get into their weak hands doing panic selling and since they do not still have experience and not really into having such kind of scenario from before, they are easily being controlled and lured by the news casted by the media that are somewhat exaggerated and from the people around spreading FUD making them believe those were all true and they tend to give up and soon to realize they have been put into line and will get them to regret what they have done.

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June 02, 2021, 12:22:00 AM
 #29

...//...:
Wait a moment, stop, the crypto market and in general any other that is free of investment gives you the freedom of opinion, wrong or not. So, you are doing the same kick or crying from those you criticize but do not try to dissuade.

I believe that the best weapon against these people who disclose (FUD) and those who consume it is good information, the criteria of opinion based on credible bases.

So, spread good information, do not fear, trust for uncertainty and its all good for doubt.  Smiley

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June 02, 2021, 12:28:17 AM
 #30

~
It is just how some article writers control the public with the use of the words. I even recall back then when there was a proposal of ban of Bitcoin in India back then in my local news but it was just proposal after all when I did a thorough research. That was long time ago and I barely recall already. Cheesy

Publicity wise, if news about negative writeups the interest of readers are easily being catch.

Stop reading if you bought your assets when the market is bullish as you'll find yourself losing your money, fear will shake you and instead

of your willingness to wait, things will change and your mindset will look upon trying to sort it out with cut loss decision-making, be very careful and always have a very deep patience while working inside this market.
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June 02, 2021, 05:05:32 AM
 #31

It is just how some article writers control the public with the use of the words. I even recall back then when there was a proposal of ban of Bitcoin in India back then in my local news but it was just proposal after all when I did a thorough research. That was long time ago and I barely recall already. Cheesy

News of such headlines isn't even really anything close to bad as long as they titled it accurately— by saying that a proposal just exists; and not use a borderline misleading title such as "India planning on banning Bitcoin" or "India about to ban Bitcoin".

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June 02, 2021, 09:39:23 AM
 #32

It's definitely super boring but by now time to accept this boring cycle is going to resume again at some point.
It is boring because we are not used to it. A 3% rise in a blue chip in one day is a very good session while in Bitcoin it's boring. We are coming off a season of beating ath after ath, which is exciting but very rarely seen in the investment world. If you find this time in Bitcoin boring you will find almost anything investing boring.

Regarding what the OP raises, yes I think you have stated to wear off, but at the slightest it will reappear.

I was not referring to the current sideways trading but to the FUD cycle, as is the topic of this thread:)

I find it super boring because it's not even creative anymore, it's just the same old recycled crap on the same old unupdated and unresearched elements of the FUD.

Dirty Energy and wastage for example? Booooring.

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June 02, 2021, 10:08:36 AM
 #33

It's definitely super boring but by now time to accept this boring cycle is going to resume again at some point.
It is boring because we are not used to it. A 3% rise in a blue chip in one day is a very good session while in Bitcoin it's boring. We are coming off a season of beating ath after ath, which is exciting but very rarely seen in the investment world. If you find this time in Bitcoin boring you will find almost anything investing boring.

Regarding what the OP raises, yes I think you have stated to wear off, but at the slightest it will reappear.

I was not referring to the current sideways trading but to the FUD cycle, as is the topic of this thread:)

I find it super boring because it's not even creative anymore, it's just the same old recycled crap on the same old unupdated and unresearched elements of the FUD.

Dirty Energy and wastage for example? Booooring.

You know FUD is like a book, it always have a revised edition, it has no end. It is just depends on a person if after he/she read the revised edition, then still believe it. Usually, newbies and weak hands are always the victim of FUD. However, it also has a positive impact on other investors because fud can make a dump of the market, a good time to buy and it is an opportunity that traders and investors have been waiting for.

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June 02, 2021, 10:11:36 AM
 #34

It is just how some article writers control the public with the use of the words. I even recall back then when there was a proposal of ban of Bitcoin in India back then in my local news but it was just proposal after all when I did a thorough research. That was long time ago and I barely recall already. Cheesy

News of such headlines isn't even really anything close to bad as long as they titled it accurately— by saying that a proposal just exists; and not use a borderline misleading title such as "India planning on banning Bitcoin" or "India about to ban Bitcoin".

They intentionally do that and make people curious about how this incident will happen or if this could give effect unto bitcoin, or in short they want to clickbait people so that they can earn traffics for their articles if they share some links. And we should not easily believe on that things since we know how rigged this people are and want to create confusion to make people panic.

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June 02, 2021, 11:31:04 AM
 #35

It's not wearing off, they just don't seem to find anything original to spread in the crypto space because people now knows how they work. And I don't think that we are going to remove FUD, not until humans are extinct because humans.

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aysg76
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June 02, 2021, 12:13:07 PM
 #36

It's definitely super boring but by now time to accept this boring cycle is going to resume again at some point.

It is boring because we are not used to it. A 3% rise in a blue chip in one day is a very good session while in Bitcoin it's boring. We are coming off a season of beating ath after ath, which is exciting but very rarely seen in the investment world. If you find this time in Bitcoin boring you will find almost anything investing boring.

Regarding what the OP raises, yes I think you have stated to wear off, but at the slightest it will reappear.
Exactly I agree with you on this point that most of the investors who want to invest in bitcoin want 20-30% rise due to what they have seen in past and investing for short term high profits which makes them panic whenever the market crashes or say we witness dips due to FUD in the market.They try to save themselves from further loss and eventually gain nothing from that.

Regarding the prices they are once again showing growth signs and green candles appearing on charts which means FUD has been ended at some point now and capital once again flowing into btc market.Everyone holding or who have invested during these dips are going to ride on profit boats soon.

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June 02, 2021, 01:18:46 PM
 #37

Don't mind the FUD now because bitcoin cannot be stop no matter what, there were many FUDs few years back still bitcoin continues to slap haters faces as it stood it's ground and proving haters and fudders wrong. I must say that the FUD slowly gone as the new opening month was really a good start for the crypto market to recover sooner and with that I believed bullish season continues.

It has effects though, specially for newbies and beginner investors. A certain tweet could change their mindset on bitcoin, thus would rather sell instead of holding.

But as far as FUD goes, this is part of the market, the price would go up or down without this news to fuel the market and create this sort of cycle. 2017 there have been a lot of FUD as well, so it's just repeating itself this 2021.

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June 03, 2021, 06:57:39 AM
 #38

I was not referring to the current sideways trading but to the FUD cycle, as is the topic of this thread:)

I find it super boring because it's not even creative anymore, it's just the same old recycled crap on the same old unupdated and unresearched elements of the FUD.
You know FUD is like a book, it always have a revised edition, it has no end. It is just depends on a person if after he/she read the revised edition, then still believe it. Usually, newbies and weak hands are always the victim of FUD. However, it also has a positive impact on other investors because fud can make a dump of the market, a good time to buy and it is an opportunity that traders and investors have been waiting for.

I actually really hate revised editions of books. It's almost like a sign that they are worthless books. Dictionaries update, textbooks revise, but the content is more or less the same, although you tend to see big updates remove stuff or enter new stuff.

FUD is different. It's like there is a textbook and some people only found them later on and say wow I never knew this existed.

Like Elon and Bitcoin mining consumption. That was so funny to see.

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June 03, 2021, 12:13:18 PM
 #39

As China bans bitcoin again while India unbans bitcoin again, this is getting played out. The energy consumption FUD is tired BS. The tweets, the misinformed articles, media FUD, etc. This is all getting boring. The fundamentals haven't changed, and the manipulation is getting boring. Seems like every rally, the same boring FUD comes in and scares the newest wave of recent buyers. It's cool if you bought within these recent few months, but stop fucking panic selling and wait for fuck sake. Don't like the current price, wait. Not giving you a good profit, wait. Fucking hold and wait.

The problem is that we don’t know if it’s gonna wear off or not. These FUD events could happen at any moment without warning. The market is very unpredictable right now. No matter how the experts or technical analysts or pro traders assess or predict the market, they are not perfect or accurate. We just have to be prepared if something goes the other way around and not the way we expect. Risk management and controlling our emotions are still necessary.
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June 03, 2021, 12:19:11 PM
 #40

I hope so. I'm really fed up with these FUDs affecting the cryptocurrency market very badly.  This should stop by now. I think it is quite enough that people, companies etc. manipulated these coins. I know that FUDs are never going to come to a halt. But enough is enough.  Grin

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