Bitcoin Falling due to FUD (Fear Uncertainty Doubt) ?

[dvndr007]

What you think about this new FUD roaming around.

You can't hold crypto in private wallets anymore ?

Maybe this is the reason crypto market is Falling.

Or there is some other reason behind ?



  

[AGD]

This dump is made for us to buy more and I can still hold my Bitcoins in my private wallet. You even can not take it from my cold dead hands

[buwaytress]

Go ahead. Try and ban holding Bitcoin in private wallets. Try and ban people from using Bitcoin. Try and ban Bitcoin.

It's all been tried before, it's all not worked before. Sanctioned addresses, banned exchanges, banned trading. It's all futile.

This is good news. I've always said this. Every attack on Bitcoin makes it stronger. Every step taken to prevent people from using it forces them to seek out means to do so and in this way, educates them.

[maju69]

Go ahead. Try and ban holding Bitcoin in private wallets. Try and ban people from using Bitcoin. Try and ban Bitcoin.

It's all been tried before, it's all not worked before. Sanctioned addresses, banned exchanges, banned trading. It's all futile.

This is good news. I've always said this. Every attack on Bitcoin makes it stronger. Every step taken to prevent people from using it forces them to seek out means to do so and in this way, educates them.

Simply put, Bitcoin being attacked means that it signifies how important Bitcoin is to people who feel threatened. Therefore I agree if this brings a positive value where we can collect more Bitcoins at a cheaper discount. Besides the number of our holdings, of course, when else can we buy Bitcoin at times such as the correction that is happening now. The problem of decreasing price value in the portfolio does not mean it will disappear forever, because the number of Bitcoins in the wallet never decreases. This is only a temporary value so what are you waiting for. Buy the dip.

[dothebeats]

Of all the FUDs I've heard, this has got to be the worst one ever.

How can one ban or restrict users from using private wallets and getting bitcoins in them? They can ban exchanges, the trades to fiat, and all those other things, but they can never restrict or ban people from using bitcoin and private addresses.

It's like saying people can no longer use purses to keep their coins because the government doesn't want them to, or because the coins no longer fit on the purses. It's just absurd.

Every FUD that appears after the other gets dumber and dumber, and proves that they are already running out of ideas to bring bitcoin down.

[rozak]

I never thought it would be possible to restrict the use of personal wallets.
FUD is made by people who do it on purpose. when the market falls then there is a great opportunity to enter again at a lower price.
I never worry and still keep my BTC in my wallet. and no one will ever stop me, or anyone else from doing the same.

[Vannie12]

Before getting involved with crypto, we all know that it is volatile and unstable. It is one of its characteristics, either you enjoy the hype or panic for the rest of your assets. I think people try selling because its a bit of a fall. In line with it, they think they are trying to save what they already have. haha. Lets just sit back and hodl for now, try to buy at the cheapest. People should try not to be alarmed every time there is such a drop. Its nonsense, more for us maybe.

[dvndr007]

I dont think people are fool bringing bitcoin down 15k in several hours there maybe some truth behind it.

Overall you are a citizen of a country and as a responsible citizen you have to follow rules implemented there.

But not allowing to own private keys is not a normal statement, it's better to ban crypto instead.

If it become true, Its like you can work/invest in crypto but we will own the private keys.



  

[tomahawk9]

You can't hold crypto in private wallets anymore ?  

apparently this rumour originated in India, no? are they doing this because they couldn't ban cryptos at all? i could see this causing some panic among crypto users in India which escalates into a massive selloff like the one we're seeing right now.

Man, we went from china being the main hub for crypto FUD to India now taking that spot. Well, sooner or later the market will get tired of the same bs over and over again and will no longer care about the news coming from india, just like it did with all chinese crypto related fud (for those who don't know, there was a time when even the stupidest fud coming from china would cause a crash). Who do you think will become the next big fud central? some european country? another big player from asia?

[kryptqnick]

The price fell very rapidly, so the reason must be very particular, and not merely volatility. So let's look at the news. CNBC is ridiculously tying the drop to Omicron, even though Omicron is clearly not a big enough deal, has not reason to affect Bitcoin, and is only a variant of concern that was also announced almost two weeks ago, whereas a drop was swift and happened today. Bloomberg does something very similar, but also mentions a general tendency of unstable financial markets, and a potential clue about Singapore. I couldn't find anything more, but I believe that for a quick drop like this, there must have been a direct event (news, probably) that caused it. What's that about private wallets? I didn't see anything about it online but this sounds like FUD that could potentially result in a drop like this.

[Pmalek]

A link to one of those FUD news articles would have been appreciated so we can take a look at those "reasonable" demands.
I thought that the recent drops were somehow related to the new COVID variant that was discovered and which is also affecting the stock market right now.

I had no idea that someone was trying to ban private wallets. Just use the opportunity and increase your holdings with a 20% discount if you believe in bitcoin.

[Jating]

A link to one of those FUD news articles would have been appreciated so we can take a look at those "reasonable" demands.
I thought that the recent drops were somehow related to the new COVID variant that was discovered and which is also affecting the stock market right now.

I had no idea that someone was trying to ban private wallets. Just use the opportunity and increase your holdings with a 20% discount if you believe in bitcoin.

Yeah, me too, I thought the drop was due to the seriousness of the new Covid-19 variant that gripping Europe and Africa and not to these 'you can't hold your private wallet' FUD.

Anyhow, I try to do a search about it: https://www.reddit.com/r/CryptoIndia/comments/r7y34v/so_apparently_private_wallets_are_gonna_get_banned/

But still for bitcoin holders, this doesn't make any sense at all.

[Ozero]

The price fell very rapidly, so the reason must be very particular, and not merely volatility. So let's look at the news. CNBC is ridiculously tying the drop to Omicron, even though Omicron is clearly not a big enough deal, has not reason to affect Bitcoin, and is only a variant of concern that was also announced almost two weeks ago, whereas a drop was swift and happened today. Bloomberg does something very similar, but also mentions a general tendency of unstable financial markets, and a potential clue about Singapore. I couldn't find anything more, but I believe that for a quick drop like this, there must have been a direct event (news, probably) that caused it. What's that about private wallets? I didn't see anything about it online but this sounds like FUD that could potentially result in a drop like this.

I was also interested in the reason for such a sharp drop in prices in this market, but I could not find anything specific. However, there must still be a reason. Perhaps a significant amount of bitcoins were thrown onto the market for sale, or maybe the whales agreed on such joint actions, which is most likely in this case. Too sudden and sharp drop happened. Bitcoin has dropped by 17 percent in the last 24 hours and its price is more than $ 47,000. It is hoped that such a fall will be short-lived.

[franky1]

if someone was 5steps up and then now 4 steps up.. did they fall down, or take a step down

dont think of a dip as a fall/crash. think of it as a discount period or settling back nearer to value instead of premium

no one should fear discounts.
would you really cry if your cars gas price got cheaper, knowing in the end it will go premium price again

[hugeblack]

The news follows the price, no matter how bad it is, it definitely will not cause such a drop. It seems that something has happened or will happen soon, meaning either it is an attempt by whales to buy at a low price and then pump the price to make a quick profit, or someone has sold at levels of 57K

In any case, listening to all this news and analysis is a waste of time because we will try to understand something that has already happened, the most important thing is to buy more Bitcoin.

[Beparanf]

What you think about this new FUD roaming around.

You can't hold crypto in private wallets anymore ?

Maybe this is the reason crypto market is Falling.

Or there is some other reason behind ?



  

Where do you see this kind of FUD. I believe only newbie will gonna believe on this kind of news and also crypto market is not shallow that can be affected by useless FUD. The real reason why Bitcoin started to turn bearish is because of the new threat of Pandemic. Global market is crashing non stop due to panic of new pandemic outbreak. This new variant "omicron" is making people panic because we all witness how devastating the first covid 19 outbreak on global market. Everything will fine once there's a new vaccine develop to counter this new variant.

[Oasisman]

What you think about this new FUD roaming around.

You can't hold crypto in private wallets anymore ?

Maybe this is the reason crypto market is Falling.

Or there is some other reason behind ?
  

Do you think this is a disadvantage?
Well, think again.
I guess there's no relevant news that creates FUD to pull down Bitcoin price, infact the speculations in crypto space has always been very bullish. It just happened that a huge sell off happened, thus normally and will always affect Bitcoin's price.
This is kinda normal for Bitcoin and this is the highly anticipated by the bearish people and this might be the start of the bearish season.

[Taskford]

What you think about this new FUD roaming around.

You can't hold crypto in private wallets anymore ?

Maybe this is the reason crypto market is Falling.

Or there is some other reason behind ?



  

Another fud? or just make up stories? maybe this is one of the reason but I don;t think this create a huge effect on the bitcoin price, maybe the huge reason is many people got afraid for the dump itself nothing else more so hopefully we can see the storm became calm since if this still exist then maybe the other adopters will think twice if they adopt bitcoin or not since the volatility is so high and that is bad for certain adopters especially if they don't know how to counteract on the dumping market.

[GeorgeJohn]

It seems that people is afraid of falling of bitcoin within this interval of two days been yesterday and today, let us not be afraid or rushed to sell all our bitcoin because of decrement right now, it's obvious that this is the methods of bitcoin even all cryptocurrencies from on set, let us endure and not to panic to withdraw our bitcoin in our wallets, because we don't know what tommorow might define bitcoin for, it's possible that it might trace up within some days, because it's indeterminate currency which no one can predict it's values fully.

[Lucius]

You can't hold crypto in private wallets anymore ?

It's unbelievable that anyone can believe such nonsense at all - and let's start again to reconsider whether someone can forbid me or you to have Bitcoin in your full non-custodial private wallet?

Or there is some other reason behind ?

How about this? If you are interested in something more about it, I suggest you visit the WO board and find out a little more.