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Author Topic: Why is There Problem In the Crypto-currency?  (Read 359 times)
Barinekapaul (OP)
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October 01, 2021, 12:31:01 PM
 #1

Can't the problem with a known source be solved?

You will agree with me that everyProblem has its root, things such as;
Destruction starts from planning,
Independence starts from Serving/Slavery
Reduction in bitcoin worth is a result of Ban in some countries such as China.
Now this has come to the crypto-currency which is caused by Fear, Uncertainty, and Doubt (FUD)

As regards our crypto-currency that is affected by "FUD" is there no contribution we can make to settle this?



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October 01, 2021, 01:04:00 PM
 #2

You simply spread accurate information and educate people. But while you can do that to decrease misunderstandings from the masses, there is simply an unlimited supply of idiocy. So while you can try as hard as you can(which is good), it's pretty difficult to have a meaningful impact.

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October 01, 2021, 01:39:59 PM
 #3

Ofcourse.
I do believe that everyone can make a contribution, be it small of big when it comes to crypto community. Let's talk about how :

1. Reach out to your friends and families educate them about cryptocurrencies
2. Make sure you are always rechecking the facts and news which is being spread on the social media websites
3. Always be willing to learn and keep the crypto news websites handy, also it's advisable to check any news regarding legal issues on the government websites and not anywhere else, some news sites can tilt and manipulate it, better to be safe than sorry.
4. If you do see a FUD, report to the moderator for example on the forum itself! It's just small steps that we can do in order to ensure that people don't fall prey to the FUD's, panic buy/panic sell and at the end of the day loose the track.

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October 01, 2021, 03:10:35 PM
 #4

You can help change things in your own little way. Educate whenever you can without sounding like you're forcing facts on to some other people's throats. Be nice and open to discussions whenever possible, and respect whatever other people has to say while subtly telling them facts about crypto. You can do these things all you want, and its impact may be extremely little, but it can still go a long way and even help someone out there and you just don't know about it.

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October 01, 2021, 04:07:57 PM
 #5

4. If you do see a FUD, report to the moderator for example on the forum itself! It's just small steps that we can do in order to ensure that people don't fall prey to the FUD's, panic buy/panic sell and at the end of the day loose the track.

Reporting FUD ain't gonna do nothing though. Unless the post is just obvious spam, the FUD stays because we don't censor here. All you can do is to respond to the thread with you debunking the FUD, as to prevent other people from getting unnecessarily scared or misinformed.

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October 01, 2021, 04:12:31 PM
 #6


Reduction in bitcoin worth is a result of Ban in some countries such as China.


I do not want to agree to you for this. I want to disagree here that the worth of bitcoin is not decreasing at least you know the price around $47,000 today. How do we come to that agreement that what is said in China is affecting bitcoin price, bitcoin price is impacted by demand for it and the information from China isn't impacting negatively on bitcoin. Such centralized mode of communication won't affect bitcoin because investors not giving attention to China. But such news like those from Elon musk can cause such not China.

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October 01, 2021, 05:02:42 PM
 #7

One small person can attract more mass for their idea. But this must be done very carefully, in no way violating the boundaries and opinions of other people. We know many historical figures, good and bad, who were able to lead the masses. The main idea, in this case, the idea of ​​cryptocurrencies, should be presented completely competently and carefully, recognizing not only all its advantages, but also disadvantages, and allowing people to hear not only good news but also bad news. Well, later, after negative news, which is often always broken on stones, to have time to prove the correctness of your idea.

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October 01, 2021, 05:44:14 PM
 #8

Besides medias, We are other key players here who is responsible in spreading out news on crypto currencies and supporting its growth. We who are here in this forum are already doing this knowingly or unknowingly. We have made our own friends (who really doubted) believe in Bitcoin's growth and its existence by showing the proof of our earnings. Seeing this proof, many have invested into either Bitcoin or on other crypto currencies. Like wise, the word got spread and we have so many investors now which just happened by word of mouth besides medias shout.

Lets continue our support to the best we can as we are doing it now. 

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October 01, 2021, 05:50:52 PM
 #9

I just want to reinforce/add to Mr. @mk4's statement that we really cannot make a big contribution if we are not influential influencers on social media or in the real world. But with a skilled mind and today's social media you can create information that they or others can digest, either for the general public who are not familiar with crypto or for people who are already familiar with crypto.

Then do what you can, from spreading information to people around that cryptocurrency or Bitcoin is not as scary as they hear from the mainstream media.

If you are a writer then provide educational work on the truth about Bitcoin and its existence. I've heard some statements that we are not at war physically, but are at war in the era of digitalization where everyone uses the internet, so everything can be reached quickly via social media in one second you can access thousands of people even millions.

For someone who is active on social media, this is the ideal space to share this information. We have different portions and tasks, but the impact is not too broad. But that doesn't mean it doesn't work. Because it can have an impact in 1 year or 10 years. Give what you can to those around you with the aim of providing the right benefits and information.
Tell them even if it's just a word. Because one day what you preach will reap benefits for future generations.

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October 01, 2021, 06:37:59 PM
 #10

I think that the most important thing to do at this point is to educate people definitely. And I think that the source of many problems in this market is being uneducated. People don't have enough knowledge about cryptocurrencies and this causes them to take not very sensible actions. Even without FUDs, people themselves affect the prices in the market by their actions. Because the demand is everything for this market.

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October 01, 2021, 06:50:56 PM
 #11

-snip-
As regards our crypto-currency that is affected by "FUD" is there no contribution we can make to settle this?
The only way to stop people falling from FUDs is to spread knowledge among them. In other words, educate them. Don't share those articles that spreads FUDs through clickbait titles. If someone shares one, make sure to provide them with correct information while telling them not to share those contents. Assist people that are for the FUDs. Stop them and make them aware of what's going on. This is the only way to stop FUDs.

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October 01, 2021, 09:18:25 PM
 #12

No one way to settle it because there will always be those agenda that will be made that has their own plans too. Start to yourself and be the one that validates information first before you disseminate it.
And I think that the source of many problems in this market is being uneducated.
True that lack of knowledge makes everyone worry and that's where the fear starts if they don't understand how the market works.

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October 01, 2021, 10:51:27 PM
 #13

No one way to settle it because there will always be those agenda that will be made that has their own plans too. Start to yourself and be the one that validates information first before you disseminate it.
And I think that the source of many problems in this market is being uneducated.
True that lack of knowledge makes everyone worry and that's where the fear starts if they don't understand how the market works.

ignorance is the common reason why people spread fud, hate or dislike to certain things. but once you educate them, they will change their perspectives. so if you are hesitant on some things, why make a habit of educating yourself. don't just listen to other's opinions because it is tainted by bias already. just like many anti-bitcoin or anti-crypto, i believe most if not all them haven't experienced receiving or transacting crypto. but once they experienced it, high likely they will change their stance on this matter.

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October 01, 2021, 11:29:49 PM
 #14

Cryptocurrencies have no problem, we all benefit when the price goes up or down. I am sure that beginning investors learn a quick guide to investing.
That was the first method I used and I still put it into practice. Risk is always an element to take into account, do not invest what you are not willing to lose.
There are great testimonies that cryptocurrencies have done for people what in previous years they could not do.

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October 01, 2021, 11:58:12 PM
 #15

There are different problems in every cryptocurrencies we have , but if you know to choose the right or good one to use everytime you want it.Its give you a solution in your problem. The things that you can do is always searching the every crypto that you use everyday to avoid some problem. Have a nice choose and goodluck.

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October 02, 2021, 02:33:15 AM
 #16

As regards our crypto-currency that is affected by "FUD" is there no contribution we can make to settle this?

There is, of course. But, first, I guess FUD is always part of the market. I don't think we could ever remove it. Rumors or even news itself could cause FUD. FUD may be intentional or not. But FUD could only affect the market if people react to it. If people are well-informed; if they research, verify, analyze, and so on, FUD won't cause significant changes to the market. So you can actually contribute to lessen or even eradicate its impact. As mk4 said, accurate information and education are the keys.

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October 02, 2021, 03:14:45 AM
 #17


Investors listen to every story they got online, if there is someone out there posting negative thoughts on Bitcoin, it's somehow regarded as truth when in fact this someone is no way near to half-truth. The internet can spread information quickly without having to rely on news articles. Once someone sees something out there that can affect the price, they'll take a step to make sure they are favored with such news.


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October 02, 2021, 04:24:15 AM
 #18

Fear, uncertainty and doubts are constant in the market and are tools that help drive the market. As long as there is a market, FUD will continue to exist as you cannot eliminate it completely from people. Coming to terms with this reality might help you deal and handle your fear, feelings of uncertainty and doubts better, knowing that FUD are generally propagated misinformations that affect those who are gullible, or do not do research to verify whatever information they hear.

To help people deal with FUD, encourage people to always verify what they hear or read themselves, if they are too lazy at first, try to assist and do it for them for the time whilst encouraging them to pick up the practice of verifying whatever one hears or reads. The one or two persons that you can help, will help more other persons, and the ripple continues.

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October 02, 2021, 05:55:07 AM
 #19

Can't the problem with a known source be solved?

Just so you know, fud isn't a problem, it's part of the market. OP so let say you're trying to be the saviour here thereby tackling the fuds, how do you achieve this globally. The competition here is the government (China to be precise) and news outlets spreading this fud immediately they're published for their selfish reasons. How do you compete against the government and other elites in the media industry. Starting your own company wouldn't solve the problem because you'll still have the government to fight.

Negative news moves business than positive ones for this media houses which is why they published this news without verifying as a result, creating fuds. The news could be the government banning banks from participating in the industry but they'll published it as 'Bitcoin been banned by the government' just to attract readers. All we can do is enlighten the less informed individuals when the needs araises just as we're doing here on the forum.

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October 02, 2021, 06:01:58 AM
 #20

The main problem in crypto is panic and that is the biggest problem we are facing almost every day, especially for new people who do not know much about crypto. But I am sure that if we can learn, that will not be a problem for us because we can solve it and maybe we can use it for ourselves. People need to check every time they read the news and that can help them to reduce their panic and can think about what they need to do related to the current situation. If they can not do that, they will always get a bad impact from that and it is hard to recover if they are not changing themselves.

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