Bitcoin Falling due to FUD (Fear Uncertainty Doubt) ?

[OcTradism]

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

See how many times Bitcoin fell deeply in 2017 bull run?

Endthefud can give you good list of articles to understand more about fud in crypto. I don't see how this fall today can be a worst in history of Bitcoin or is a signal of bull run ending.

[cheezcarls]

I believe the whales are cashing out for big Christmas shopping and panic sellers soon following suit lol. It dipped somewhere $42k before hanging on around $46k to $47k+. But that’s just my opinion of course, coz’ Christmas is coming anyways.

[Wexnident]

Well, that was a dumb reason to be stated as FUD, it's like whoever made it assumed that the person they were trying to scare was as dumb as them. Honestly, I won't deny that there's some part of FUD here with the dip (as always is) but your reason is definitely one of them. Honestly, this dump is just, as others have said, an opportunity to buy more. Bitcoin has so far not disappointed us in the growths that it has experienced over the past years. Just zoom out a bit and that should be proof enough.

[K4C]

All the market is dump today ... Not only Bitcoin. But every time in December market is doing something new. In previous December Bitcoin was in dip . But it doesn't mean that Bitcoin is fud. So don't worry keep hold it high tight.

[UserU]

I believe the whales are cashing out for big Christmas shopping and panic sellers soon following suit lol. It dipped somewhere $42k before hanging on around $46k to $47k+. But that’s just my opinion of course, coz’ Christmas is coming anyways.

It was a flash one, but those with the buy orders were very lucky to snatch them before it rebounded.

[philipma1957]

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.

My $50 a day order at coinbase is in.

I also grabbed more coins on PayPal.

I have a unique hedge possible with PayPal BTC

If price drops to about 38k and I sell all my PayPal BTC it would be a short term capital gains   loss giving me a tax deduction of a few 1000 dollars. Since I have amazing capital gains this year it may pay to do this.

The reason it is unique is PayPal BTC is never truly realized as btc it goes in as cash and comes out as cash.  You can not move it as btc. So for a USA holder with a lot of capital gains it is the ideal sell off item.

[decodx]

Personally, I have never thought it would be possible to restrict the use of personal wallets. I never worry about that and still keep my BTC in my wallet. No one can prevent me from doing so, or anyone else from doing so. Those who claim that it will be possible to prevent or restrict the use of personal wallets are in the dark about crypto and its underlying principles.

[stadus]

This FUD is useless, people who do not have enough knowledge and experience in crypto will certainly panic, and I like that because their mistakes are our opportunity. We have had a lot of FUD before, of course, it will result in a market dump but look where we are now, we are still surviving and not only that, the crypto market has grown significantly in just a year (more or less).

[Victorik]

Any attack on Bitcoin that doesn't 'kill' it will only make it stronger. Why so much fuss about Bitcoin. This goes to show that the world system is afraid of it's potential. And every time they will attack it, it only gets more popular.
Anyways, the dip is good, it means we can bag more.

[michellee]

It seems we were getting a big discount before Christmas because bitcoin somehow dropped deeper than before, and there are no signs of it going up. I can still hold my crypto in my private wallets and even, I guess this is a big chance to accumulate more amount while we still have a chance. There are more reasons why the crypto market is falling but we do not know the truth and speculate about the reason. If you can not hold your crypto, you can sell it right away and leave the market and come back to the market when the price starts to jump. But you will not have a chance to buy at a low price. The decision will be yours but be careful to decide and make sure you have already analyzed the market movements.

[Sweetbtc]

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 ?



  

Crypto is volatile. It's dominated by large players who regularly turn dips into large drops to liquidate leveraged players and to scare retail investors out of their crypto.
Personally I think a lot of folks have taking funds out and out them into NFTs, Digital Land plays and Staking projects with crazy APYs. That coupled with the major exchanges being called to Congress on the 8th. Along with all that general market sentiment everywhere is negative for now even in the stock market.

[DaveF]

The biggest thing I have hear this morning from people with $100k+ positions is that a lot of it was stop loss triggers.
Bought in the sub $50k price and set a stop at $50xxx or $51xxx and then once they hit the next people with different triggers hit and so on.
Since it did hit overnight in the US there were probably a lot of people who woke up this AM and went WTF?
But, they still make a profit so in their mind it's not the worst.

-Dave

[buwaytress]

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.

Yup, that's the (small and necessary) price to pay for recognition. They tried dismissing it, and now they're fighting it. Many have already realised they can't, and what happens when you can't fight it? You join it haha.

It's not just about discounted prices though (that's a nice bonus for sure). As I said, it also forces people to learn about the basic things like self custody. If this doesn't cause people to question why the state wants control over their money, I don't know what will.

[The Cryptovator]

Where did you find the news? From any cryptocurrency portal? Anyone could make a thread in the forum or Reddit. That doesn't mean everything is true. It's quite impossible to stop using private wallets especially non-custodial wallets. Perhaps the government could prevent using custodial wallets or exchange. But can't prevent using your wallet at all. I don't think this was the reason for the recent dump. It happened suddenly and look like pre-planned. Very big whales played with Bitcoin in my opinion. Otherwise, I can't recall such as dump Bitcoin price. Adding a source would be better once you create this type of thread. So that we can realize whether it's potential or not.

[dvndr007]

News is real and when it will get implemented then only I can share link till then sharing FUD is not the right way.

FUD:
 
1) No more private key holding allowed.

2) Holding assets in exchanges are compulsory.

3) Cryptocurrencies will be called as crypto assets.

This is all I know till now.


 
 

[Lucius]

News is real and when it will get implemented then only I can share link till then sharing FUD is not the right way.

FUD:
 
1) No more private key holding allowed.

2) Holding assets in exchanges are compulsory.

3) Cryptocurrencies will be called as crypto assets.

This is all I know till now.

Don't be a shitposter and read all the answers you got, it's not like you have a few hundred of them and you'll spend hours on it. By repeating complete nonsense like this, you are only showing that you have not realized that no one can forbid anyone to be in exclusive possession of private keys. Bitcoin also exists to prevent such things, every person can be his own bank if he wants to - and those who would obey their governments in anything (however stupid it may be) are not too important anyway.

[dvndr007]

News is real and when it will get implemented then only I can share link till then sharing FUD is not the right way.

FUD:
 
1) No more private key holding allowed.

2) Holding assets in exchanges are compulsory.

3) Cryptocurrencies will be called as crypto assets.

This is all I know till now.

Don't be a shitposter and read all the answers you got, it's not like you have a few hundred of them and you'll spend hours on it. By repeating complete nonsense like this, you are only showing that you have not realized that no one can forbid anyone to be in exclusive possession of private keys. Bitcoin also exists to prevent such things, every person can be his own bank if he wants to - and those who would obey their governments in anything (however stupid it may be) are not too important anyway.

These are not my words these are FUD rolling around. I am just sharing the FUD to inform that dont believe it yet, what's wrong in it?

[Ararbermas]

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 ?



  

fud always exist when market always turn into bearish wherein because of the situation they can intimidate holder easily using false information, it's very often actually in such event, but you know only newbies will fell on that tricks, and you know why they need to do that? Its because those fraud want to bring the price below which particular level they can only afford to buy, and what others doing is to advertise their projects as well. So don't be surprise!.   its normal nowadays..

[dvndr007]

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.

Maybe you are right this maybe a reason for the drop, this all look interlinked why this FUD come out at same exact time?  

[Woodie]

What you think about this new FUD roaming around.

Unfortunately fud as always been there and it wont stop now either! FUD can also be a strategy used by  the big guys(whales) to force a sell off from the weak hands so that they get the cheap coins to grow their bags using fear...its all about standing our  ground to prevent falling for these cheap tricks.

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 ?

Never heard of this one affecting markets, because for all I know this issue is just concerned with full control of your coins and not linked to the market.