how many more times should you fall for the same FUD before you learn?

[BrewMaster]

we have seen the same FUD that has been spread over the past month for the past years too. they don't even change the contents or make any new effort, it is all the same and yet people react to it the same exact way by handing over their bitcoins to whales.

i am wondering how many more times are we going to see the same "China banned bitcoin" FUD before people stop reacting to it?
or is the market cursed and for the next 100 years we are going to see China ban bitcoin every year and people panic sell how many times can a country ban bitcoin anyways?

[jackg]

Is there a theory that you'll always have a greater supply "stupid" people, then ones who'll learn...

I don't even know what's going on atm because all I look at for problems with my investments is mainstream media - they'll report the big stuff you need to worry about anyway. Probably a lesson in that...

It's weird anyone cares about China banning stuff, I don't think China has near half the hashrate anymore? Bitmain have put operations in texas and somewhere in Europe. Even if half the hashrate is Chinese, that's just 20 minute blocks instead of 10 minute ones while the people in China work out their moving plans.

[suchmoon]

Shouldn't it go the other way? Fewer bitcoins mined (at least until the next diff adjustment), lower supply, less dumping by miners to pay their electric bills.

[TopTort777]

i am wondering how many more times are we going to see the same "China banned bitcoin" FUD before people stop reacting to it?
or is the market cursed and for the next 100 years we are going to see China ban bitcoin every year and people panic sell how many times can a country ban bitcoin anyways?

This will never end.

FUD is always started with people that a new to cryptocurrency. Old crypto enthusiasts know, that the price will most likely recover. But newbies never experienced the path of "drop from 20k to 4k and a recovery to 60k bucks". Why it will never end? Because newbies wont stop bringing fresh money to crypto. It is a cycle of newbie-money-FUD.

[BrewMaster]

i am wondering how many more times are we going to see the same "China banned bitcoin" FUD before people stop reacting to it?
or is the market cursed and for the next 100 years we are going to see China ban bitcoin every year and people panic sell how many times can a country ban bitcoin anyways?

This will never end.

FUD is always started with people that a new to cryptocurrency. Old crypto enthusiasts know, that the price will most likely recover. But newbies never experienced the path of "drop from 20k to 4k and a recovery to 60k bucks". Why it will never end? Because newbies wont stop bringing fresh money to crypto. It is a cycle of newbie-money-FUD.

but we should expect that those who are already old in this market to know this and the market be mature enough that their panic sell doesn't cause big changes like we are seeing today.
are you suggesting that bitcoin market doesn't or cannot mature over time?

[Woodie]

Honestly , easier said than done!

People investing in crypto don't only do this financially, there is an aspect of emotion that's invested too,so it makes many people vulnerable to FUD but this will always remain a learning curve for those that survive it, as they are unlikely to fall for it the next time it happens.

Stay strong hodlers and take that FUD antidote to survive this blizzard .

[livingfree]

They'll keep on using it as long as there are a lot of people buying it.

I guess we're now going to see another surge once this huge correction is done. This is getting more excited than what the usual people see the drops of bitcoin.

For those people that are discouraged with the drop, look at the brighter side. 

[sgbett]

Hmm, this doesn't bode well!

https://haschinabannedbitcoin.com

[topbitcoin]

Maybe who already seen it think it is common thing. But in other side, there are a lot of new people too that joined crypto community and maybe a lot of them don't really see what happened in past. That is can be seen in some forum, or maybe social media when there are some people still discuss about that "china ban bitcoin" thing.

[UnDerDoG81]

I dont think most people fall for the FUD and panic sell. Most of them think if I sell now I buy back lower. And if everybody does this after a FUD we see what happens. There are always some speculators who sell the bottom of the FUD and then go on the web and start talking about 6K Bitcoins lol.

[el kaka22]

There are just way too many people who think that every fall will be the end of bitcoin and they are very wrong, this is why there are just way too many people who get out of crypto world the moment it drops and they claim that bitcoin is a scam all over the world.

The main problem begins with when they come, during the bull run they do not come in at the 10k mark, they do not even come at the 20k mark, most new people came in when things started to get super high, a lot of people came in after the 40k mark, it wasn't like a small number of people neither, the increase in buying of bitcoin after 40k is just insane. It means that there are now people who bought bitcoin for the first time ever after hearing about it for years, and then they lost their money in a month or two, that is just the way it is and the reason why they are scared and selling is that they bought at the wrong time.

[milewilda]

we have seen the same FUD that has been spread over the past month for the past years too. they don't even change the contents or make any new effort, it is all the same and yet people react to it the same exact way by handing over their bitcoins to whales.

i am wondering how many more times are we going to see the same "China banned bitcoin" FUD before people stop reacting to it?
or is the market cursed and for the next 100 years we are going to see China ban bitcoin every year and people panic sell how many times can a country ban bitcoin anyways?

We would continue to see like this whenever there are FUDS that do circle around in the market as if people never gets learn on the things in the past.
As long there would be involvement with big and known countries on a certain issue then its just really hard to tell the market or community that they shouldnt react because its just normal that the market would really be shaken off by something and it is just that we cant just ignore and tell that well
it wouldnt affect the market anyway but when the time that the price is start to fall down without any reason then this is where we do usually reacts.

[proudhon]

The "FUD" is the real news and the non-FUD-news is the fake news. That's the important fact to remember about bitcoin world.

[sheenshane]

I think this will never end IMO, as long as there are always newcomers in the market, expecting that there's a new holder of Bitcoin will get FUD and others also followed because as what they heard in news.  In fact, they don't even know how it will work upon investing in crypto and the cycle will always be repeated every time when there's a newcomer come.

We can't blame them because they are here knowing they will easily get rich without proper knowledge about Bitcoin.  They will think that it's the end of Bitcoin when they saw a long drop in the price, they don't even think that it is a great opportunity to reinvest and hold.

[bbc.reporter]

We might stop calling it fud because large miners are really being pushed out of China. There are evidences that they are moving to Kazahkstan, America and other places.

However, despite this bad news this whale of the mainstream market appear to be bullish on bitcoin. Ark Invest bought Coinbase stock and Grayscale Bitcoin Trust stock during the big dump.



Buy   COIN   COINBASE GLOBAL INC   214,718
Buy   GBTC   GRAYSCALE BITCOIN TRUST BTC   1,046,002

Source https://247wallst.com/investing/2021/06/23/cathie-woods-ark-invest-buys-for-6-22/

[Obito]

I don't think that these people will ever learn a thing or two because they have been so accustomed to panic that everytime the prices go down, they automatically sell their portfolio.

[Wexnident]

FUD makes newbie investors move, traders who know how to take advantage of it also move, which is probably what really happened. That, or what you said honestly. I'd rather believe the former since I still believe humanity still holds that bit of intelligence.

We might stop calling it fud because large miners are really being pushed out of China. There are evidences that they are moving to Kazahkstan, America and other places.

I mean, the FUD here is that miners leaving China should affect Bitcoin when in fact, miners would just migrate to other countries and the process would still be fine and all. It shouldn't affect Bitcoin at all, nor should investors and traders be afraid that China banning crypto mining negatively affects Bitcoin.

[Amplify]

The "FUD" is the real news and the non-FUD-news is the fake news. That's the important fact to remember about bitcoin world.

Nothing is real in this world. We all live in a simulated environment. Life is a simulation, reality is an illusion. That's why this world isn't real. It's a virtual world. We are merely entertainment, nothing more.

[ethereumhunter]

People who already joined in the crypto will not fall from the bad news, but I am worried that new people who do not have much experience in crypto will fall because they can panic to see what is happening in the market. They do not feel confident of holding and worrying when they see the price is falling and nothing they can think of except selling their coin before it's going down for more. We can not blame them for doing that because that is out of our control and if they can learn about holding their bitcoin from the bad news and use the moment to buy bitcoin at a low price, they will get the benefits later.

[magneto]

we have seen the same FUD that has been spread over the past month for the past years too. they don't even change the contents or make any new effort, it is all the same and yet people react to it the same exact way by handing over their bitcoins to whales.

i am wondering how many more times are we going to see the same "China banned bitcoin" FUD before people stop reacting to it?
or is the market cursed and for the next 100 years we are going to see China ban bitcoin every year and people panic sell how many times can a country ban bitcoin anyways?

For sure.

Unfortunately, the reason why people are still panicking over this type of news is that they have been so heavily levered up during the run-up to the bull market peak that they are now forced to unwind some of these positions.

Essentially, people are playing with money that they never could afford to lose in the first place, which is obviously a big no-go in investing. I have heard so many of my friends and acquaintances talk about absurd amounts that they have dropped on cryptocoins that they just think "sound cool". When you don't even understand what you're buying into, there is no way that you are able to hold onto that investment no matter how strong the fundamentals are.