Another Fud in the market and bitcoin volatility

[bussybuddy]

the fact that people worry and stress in their mind whenever there is negative news and a sharp drop in the value of Bitcoin. But why not use this chaotic scene to make a profit? In every market one person's gain is another's loss and vice versa. Therefore, this is the time when we should look for buying opportunities at cheaper prices.

Maintaining a long-term vision and controlling emotions is a must in this market. Of course this takes confidence and patience to be happy with your investment decisions and not let these short-term fluctuations take away your long-term gains.

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[Trawda]

More pressure on Binance, I think CZ has become familiar with this, I don't expect it to have much impact on the market.

[AnonBitCoiner]

The movement from $28,000 to a price close to $30,000 is not some bullish news and market pumps. It is a natural movement for the price. We cannot say that the price rose unless the rise was above $38,000. All prices below that are a price move that has continued in The same movement since the moment of breaking $28,000.

Yes one cannot say that market is in Bull run after one percent increase in price as it is usual ups and downs. If the price increases and touch 40k$ value then we can say that yes now Bull run initiate so always try to understand the market as single value alteration does not decide the reality of market.

If the price moves back from 30k$ to 28k$ then everyone thinks that price goes down and now they will loss all their money but they don't remember that this alteration is feature of bitcoin which does not justify the bear and bull Initiation.

[isaac_clarke22]

If I was like a nervous investor, I would be shaken to just the headlines itself, but nah I ain't like that.

This FUDs will continue to just shake people up unless they're really into their hodlings.... just like me and other people that don't care about these attempts.

The problem is that many people are nervous investors because they don't fully understand bitcoin, so the funds/whales will always take advantage of these people who are willing to sell at loss just because they read some unconfirmed news somewhere on the internet. I find it interesting how people choose to take a loss when we know that sooner or later bitcoin will go up again. But hey, it's their money...

Well yeah I guess especially for newbies. Gotta admit that when I dip my toe for the first time in crypto, I was kinda expecting an instant $100 from my $50 investment due to volatile nature. The instant drop in price kinda made me want to quit, but then I refused to do so and tried to day trade since that might be working for me. I just thought that I should know about the technicalities of Bitcoin or any crypto coins to be able to learn if it is worth investing at.

While there are some part of it that I should learn, it isn't really like "mandatory stuff" to learn. Just like how you're not required to learn the whole technical parts of your computer if you're just going to use it as a casual user.

[serjent05]

More pressure on Binance, I think CZ has become familiar with this, I don't expect it to have much impact on the market.

Not only CZ but people who are trading in their platform.  If ever CZ is found guilty and the SEC release a ceased and deceased order for Binance to shutdown, I believe the users will be given enough time to withdraw their funds from the platform.  Besides Binance is not the only exchange where people can trade, there are lots actually.

Another thing is that people who are into cryptocurrency are also used to this kind of FUD tactics of SEC and other government.  The China's hot and cold treatment of Bitcoin really makes a good practice to people on how to react on the news like the @OP's stated.

[Wend]

the fact that people worry and stress in their mind whenever there is negative news and a sharp drop in the value of Bitcoin. But why not use this chaotic scene to make a profit? In every market one person's gain is another's loss and vice versa. Therefore, this is the time when we should look for buying opportunities at cheaper prices.

Maintaining a long-term vision and controlling emotions is a must in this market. Of course this takes confidence and patience to be happy with your investment decisions and not let these short-term fluctuations take away your long-term gains.

Very true, when others are afraid, we should be greedy, and wealth can only be found in risk, it is not born and given to the masses. Bitcoin investment is like a financial game, money from the weak hand will go to the diamond hand and that's how the market works. If we understand the laws of financial markets, we will see that every time Fuds hit the market, we should take advantage of it because it's our chance. This is not the time to be afraid and run away.

[AmoreJaz]

More pressure on Binance, I think CZ has become familiar with this, I don't expect it to have much impact on the market.

Not only CZ but people who are trading in their platform.  If ever CZ is found guilty and the SEC release a ceased and deceased order for Binance to shutdown, I believe the users will be given enough time to withdraw their funds from the platform.  Besides Binance is not the only exchange where people can trade, there are lots actually.

Another thing is that people who are into cryptocurrency are also used to this kind of FUD tactics of SEC and other government.  The China's hot and cold treatment of Bitcoin really makes a good practice to people on how to react on the news like the @OP's stated.

as they know about such scenario will happen, i strongly believe that CZ and his team is already prepared for this battle. they have all the resources to make things right, so i don't think their case will push thru to a very damaging one.
and besides, if in case worst comes to binance, we really have other trading platforms to go to. it is by no means, end of crypto trading.

[virasog]

More pressure on Binance, I think CZ has become familiar with this, I don't expect it to have much impact on the market.

Not only CZ but people who are trading in their platform.  If ever CZ is found guilty and the SEC release a ceased and deceased order for Binance to shutdown, I believe the users will be given enough time to withdraw their funds from the platform.  Besides Binance is not the only exchange where people can trade, there are lots actually.

Another thing is that people who are into cryptocurrency are also used to this kind of FUD tactics of SEC and other government.  The China's hot and cold treatment of Bitcoin really makes a good practice to people on how to react on the news like the @OP's stated.

as they know about such scenario will happen, i strongly believe that CZ and his team is already prepared for this battle. they have all the resources to make things right, so i don't think their case will push thru to a very damaging one.

No matter how strong the CZ and Binance is at the moment, there is always a possibility of a bad sworn event and therefore we should be cautious about it.

We have seen FTX collapsing despite the fact that they were considered one of the emerging and 2nd best exchanges after Binance. SAM was considered to be a strong trusted person and FTX was considered to be an exchange with enough resources to backup but everything failed.

So anything can happen with Binance too especially when SEC is after them with full force. What is required from us is to keep our funds out of binance so that if any mishap happens, our funds are not frozen or lost in the exchange.

[blckhawk]

Don't listen to this man, panic sell so you can save your money from depreciation because of the temporary price dump, bitcoin is volatile so you will never know what's going to happen to your money. When a FUD like this happens, remember that you need to save your money first before believing that bitcoin will eventually bounce back. Remember that you can always get back in when the price starts going up again. Hopefully, newbies will take this advice because I want to buy and accumulate bitcoin at a much lower price

[bitterguy28]

OP is using terms such as volatility and DUMP.. yet the price for the last 10 days have still remained in the average range of $29k-$29.7k

this is just normal wiggles.. 3% range for 10 days is not volatile, nor dump

Or He do not really understand what FUD means in the market and how this means to affect the volatility because like you mentioned , bitcoin is still holding at 29k and only drops to 28k few days ago but in short period only again recovered to 29 back.
though Fud will keeps banging the market but this is not how the effect means.

now investors are smarter at understanding the market, which doesn't really matter if FUD is spread, we can see the difference between FUD in 2018 and now, where at that time many people panicked after the anti-climax of the market reached its highest point, it was different with at this time, where even though there was a bearish trend, it was not as extreme as that time. therefore, because we are bitcoiners, we must be good at filtering news so that we don't lose ourselves

FUD actually only matters in newbie , because these days our engagement in crypto deepen and we already knew what is the real score in the market.
not like in the past that we have limited way to learn and understand crypto, now it is all over this forum and all over the internet.

[kro55]

OP is using terms such as volatility and DUMP.. yet the price for the last 10 days have still remained in the average range of $29k-$29.7k

this is just normal wiggles.. 3% range for 10 days is not volatile, nor dump

Or He do not really understand what FUD means in the market and how this means to affect the volatility because like you mentioned , bitcoin is still holding at 29k and only drops to 28k few days ago but in short period only again recovered to 29 back.
though Fud will keeps banging the market but this is not how the effect means.

now investors are smarter at understanding the market, which doesn't really matter if FUD is spread, we can see the difference between FUD in 2018 and now, where at that time many people panicked after the anti-climax of the market reached its highest point, it was different with at this time, where even though there was a bearish trend, it was not as extreme as that time. therefore, because we are bitcoiners, we must be good at filtering news so that we don't lose ourselves

FUD actually only matters in newbie , because these days our engagement in crypto deepen and we already knew what is the real score in the market.
not like in the past that we have limited way to learn and understand crypto, now it is all over this forum and all over the internet.

I think Fud is important for both new and old, newbies will be nervous and panicking when Fud comes and they don't like having too much Fud in the market. But for those with experience in the market, FUd will make them happier because newbies will panic sell and that's when they go shopping at a high discount to enrich their portfolio. That's also what the sharks are doing quietly, they spread Fuds to scare the newbies are panic selling so they can buy it cheaply.

[Fivestar4everMVP]

Don't listen to this man, panic sell so you can save your money from depreciation because of the temporary price dump, bitcoin is volatile so you will never know what's going to happen to your money. When a FUD like this happens, remember that you need to save your money first before believing that bitcoin will eventually bounce back. Remember that you can always get back in when the price starts going up again. Hopefully, newbies will take this advice because I want to buy and accumulate bitcoin at a much lower price

Selling at the top to later buy back in at a lower price is definitely one of the great ways to accumulate and increase bitcoin holdings, i personally support this strategy, but that is only if the person or investor have some experience with trading, a newbie who has absolutely no knowledge of trading might just end up buying back at a higher price if they try such a strategy, so for such type of people, the best advice still is for them not to panic sell, but hold tight no matter what, and if the price gets too low, seize that opportunity to buy even more bitcoin so as to bring your total buying average cost lower, wit this, when the price of bitcoin increases, you will earn more profit.

[ZAINmalik75]

I might be late to reply on this topic as that fud has already over and market returned to its original state back then. Overall, i do agree with you on the fact that such news which are directly or indirectly related to Binance has some good or bad impact on the market. Which is dangerous. But in the long run we all know BTC is the best and due to its unique characteristics it is going to increase it value.

But in the short time, we might see such slight ups and downs, which are beneficial and harmful for short term traders mostly for ones who are newbie and are into trading in short timespan candles. Because currently a lot of good news are coming but still BTC is holding its range from $28,800 to $29,800 which seems to be breakable easily but BTC is in consolidation state currently. What i think is, it's all just a correction as we all know BTC will hit $40k in this year. So, either it's short term or long term we all should not act in the play of such FUDs, by following our bad instincts. Better to remain calm.