One more filed smear campaign against Bitcoin

[kentrolla]

Haven't we learnt from the past? We are still doing panic selling which was witnessed as there were fuds created by some influencers about possible rejection of spot ETF and once this spread across we saw how people were on selling mode which literally brought down the value of Bitcoin to $40750. But this was a tight slap on face of those who tried bringing down Bitcoin as it survived this attempt as well and rising again.

When I as we I meant those who have panic sold their holding and it's sad people don't understand that just one event like spot ETF approval cannot define Bitcoin's future and people should stop believing in these smear campaigns because no one can predict much about crypto or Bitcoin.

[btc78]

It is true that even without ETF approval, bitcoin’s price will continue to increase but if in case ETF does not get approved it is known that a lot of people would sell their bitcoin either way so that is probably why a lot are taking precautions now but like you said Bitcoin is much stronger than that and selling it now because you think it is gonna drop will not be a wise move

[Zaguru12]

Let’s get it straight, Nothing can actually stop this FOMO of a thing, No amount of warning can do that. This is a volatile market, some people ride on speculations that’s why we have traders on cryptocurrency. What you saw yesterday was just two side of how the Market is and will be. Yesterday they were sellers who thought the news was true, or probably miners who sold some profits, or better still people who had set a target price of $45k as when they will sell all three combine and the price hit $40k. Immediately many who wants to seize the opportunity to accumulate also jumped in and bought and the price immediately stabilized. All this are parts of it. The best thing is for one to set his own target, and invest what you can afford to lose but you can’t definitely eliminate FOMO from this market

[Natsuu]

When it comes to Bitcoin, it's easy to get caught up in the hype. But reacting to every bit of news can lead to unnecessary panic. Bitcoin's value can swing, but it's essential to remember that one event doesn't have the final say on its future. Crypto is unpredictable and believing every rumor can be a confusion.

[Zlantann]

Haven't we learnt from the past? We are still doing panic selling which was witnessed as there were fuds created by some influencers about possible rejection of spot ETF and once this spread across we saw how people were on selling mode which literally brought down the value of Bitcoin to $40750. But this was a tight slap on face of those who tried bringing down Bitcoin as it survived this attempt as well and rising again.

Matrixport came up with the prediction that Bitcoin ETF might not be approved in this first quarter based on some careless analysis. And people who knew nothing about the sector were consumed by fear of the unknown. This shows that many people who have invested recently are targeting just the ETF approval by the SEC. I think we might see more of this and other smart investors will seize the opportunity to buy more.   
 

When I as we I meant those who have panic sold their holding and it's sad people don't understand that just one event like spot ETF approval cannot define Bitcoin's future and people should stop believing in these smear campaigns because no one can predict much about crypto or Bitcoin.

Spot ETF is currently having the biggest attention from investors. It has attracted so much money to the industry but these events cannot define the future of Bitcoin. With or without ETF approval, Bitcoin will keep growing. Experienced investors will only sell when they get to their targets regardless of the FUD.   

[ImThour]

This guy thinks we the normal buyers control the market. That's not how it works mate. Your volume is nothing as compared to those who manipulate it. Even if the whole Bitcointalk forum is just buying, price can go down or stay same. There's no panic in the market, it's just the smart money trying to create a selling pressure by dumping like 1% of their coins in the market after doing a 2.5x on their coins.

[BitcoinPanther]

This guy thinks we the normal buyers control the market. That's not how it works mate. Your volume is nothing as compared to those who manipulate it. Even if the whole Bitcointalk forum is just buying, price can go down or stay same. There's no panic in the market, it's just the smart money trying to create a selling pressure by dumping like 1% of their coins in the market after doing a 2.5x on their coins.

Well explained, the recent Bitcoin price drop is possibly due to some whales cashing out, while they are at it, they try to manipulate the traders sentiment by using some released negative statement like the prediction of Matrixport that the ETF will not be approved and start dumping some of their coins hoping those with weak hands follows and then they (manipulators who initially shorted their trade) buy back at a much lower price making them regain their Bitcoin with extra money in hand.

This had been a practiced of those who have lots of BTC/funds in hand.

[BlackBoss_]

This guy thinks we the normal buyers control the market. That's not how it works mate. Your volume is nothing as compared to those who manipulate it. Even if the whole Bitcointalk forum is just buying, price can go down or stay same. There's no panic in the market, it's just the smart money trying to create a selling pressure by dumping like 1% of their coins in the market after doing a 2.5x on their coins.

Supply and demand and supply must be big and reflected in big inflow capital to raise the price.

Bitcoin and cryptocurrency market is small compares to stock market. Because of this fact, people believe that if Bitcoin Spot ETFs get approvals, very huge capital from Wall Street will flow in this market and will help Bitcoin increases a lot in price.

I agree with you, users in Bitcointalk don't have enough big capital to pump or dump the market. Maybe there are some whales hidden in the forum and still watching our discussions in Wall Observers but generally I think there are not too many big whales here.

[Jawhead999]

Haven't we learnt from the past? We are still doing panic selling which was witnessed as there were fuds

We or only you?

If you're a trader then this news is important because it can affect your gains.

But for long term holder, it's nothing, when the price decrease, it's time to accumulate. When Bitcoin is keep rising and even break new ATH, they're still not sold it because they believing in the future.

[Wind_FURY]

OP, it's not a "smear campaign" if someone merely reported/posted/blogged that the ETF will not be approved. That particular individual could be lying, but that also doesn't make it a smear campaign. Nothing about Bitcoin was "smeared".

Plus for people who continue to DCA, and there's many of them in the forum, it's a good opportunity to buy Bitcoin with a small discount.

[hugeblack]

Has a price change of less than 10% become a significant event? The price of Bitcoin moves within a range from $38,000 to $45,000, and breaking these levels is what will cause a change in trading trends, either returning again to the 32,000 levels or moving forward to the 48,000 levels. Therefore, all news and analyzes within the $38,000 to $45,000 range are just fluctuations. The price is normal due to the movement of supply and demand and does not represent FOMO, panic selling or other psychological effects.

[Odohu]

Haven't we learnt from the past? We are still doing panic selling which was witnessed as there were fuds created by some influencers about possible rejection of spot ETF and once this spread across we saw how people were on selling mode which literally brought down the value of Bitcoin to $40750. But this was a tight slap on face of those who tried bringing down Bitcoin as it survived this attempt as well and rising again.

If you think that panic will stop in the market, then you are new to the business. It is not perculiar to Bitcoin, it happens to anything being traded in the open market even in our localities. A speech by Fed Chair, Jerome Powell inject volatility into the entire forex market with people selling or buying aggressively.  Many people profits from this while some also get burnt from this. The key point is that panic buying and selling will continue to happen as it is part of the business.

Different people have different perspective and targets. It is mastery that makes the difference.  While some will see holding for long as a way of keeping the money redundant and not yielding much profits, some see it as the way to maximise profits.

[moneystery]

i see that people are getting impatient nowadays and immediately selling even though it's just ordinary speculation, not a final decision yet. what if the sec really rejects bitcoin etfs? i feel that there will be more holders selling their assets.

but i think it's a natural thing, because many people when the bitcoin etf news first appeared invested in bitcoin just to get short-term profits. they don't really invest in bitcoin because of its potential, they went along for the ride just to be able to make a profit and when their goal is achieved they will immediately sell.

[tsaroz]

Haven't we learnt from the past? We are still doing panic selling which was witnessed as there were fuds created by some influencers about possible rejection of spot ETF and once this spread across we saw how people were on selling mode which literally brought down the value of Bitcoin to $40750. But this was a tight slap on face of those who tried bringing down Bitcoin as it survived this attempt as well and rising again.

When I as we I meant those who have panic sold their holding and it's sad people don't understand that just one event like spot ETF approval cannot define Bitcoin's future and people should stop believing in these smear campaigns because no one can predict much about crypto or Bitcoin.

Not everyone has the same thoughts and and analysis of the market. A blind bullish faith too might not work for everyone specially short term traders.
There's no doubt bitcoin has been making progressive all time highs historically. But there's also long pauses between. People who are into trading benefits from the price swings and people shorting even makes profit on decreasing market. Not selling could sound good for us who expects x4 on our investment within next year but their are traders who wish to x2 their money every months.
If everyone had the same mindset, the market would not work.

[kentrolla]

This guy thinks we the normal buyers control the market. That's not how it works mate. Your volume is nothing as compared to those who manipulate it. Even if the whole Bitcointalk forum is just buying, price can go down or stay same. There's no panic in the market, it's just the smart money trying to create a selling pressure by dumping like 1% of their coins in the market after doing a 2.5x on their coins.

Got your point and aligned with it as whales and manipulators have much much more than what this entire forum hodl and they can manipulate the market by shilling a small percentage of their holdings. I am only concerned about what follows when they create a selling pressure? Rest of us follows it without any second thought or do we still hodl on? I don't care about the whales or market makers or manipulators but my concern is limited to users who end up panic selling or buying in FOMO.

Highly appreciate your valid response.

[avikz]

When I as we I meant those who have panic sold their holding and it's sad people don't understand that just one event like spot ETF approval cannot define Bitcoin's future and people should stop believing in these smear campaigns because no one can predict much about crypto or Bitcoin.

Can't agree more! People who are involved in Bitcoin since some time, they understand that an ETF approval cannot define the future of Bitcoin. But the dumps are coming from novice speculators. Actually seasoned Bitcoin holders do not care about weather and ETF is going to be approved or not.

Honestly it just needs some market maturity before Bitcoin can stop responding to such events. Unfortunately we haven't yet reached to such maturity level.

[Dr.Bitcoin_Strange]

Haven't we learnt from the past? We are still doing panic selling which was witnessed as there were fuds created by some influencers about possible rejection of spot ETF and once this spread across we saw how people were on selling mode which literally brought down the value of Bitcoin to $40750. But this was a tight slap on face of those who tried bringing down Bitcoin as it survived this attempt as well and rising again.

Haven't we..!? No..!. It's, haven't they?

Definitely, there were people who sold out of panic yesterday, but it wasn't me, and I believe that not everyone here on the forum sold.

As for me, I am still holding my Bitcoin. I was not even aware when Bitcoin actually dropped to $40k yesterday until I came across a topic here on the forum, which prompted me to check the price, and it was already $42,600.

@OP, What you must know is that when there is FUD, some people will sell their Bitcoin out of fear of losing, while some investors will also sell because they believe that the price will dip more and will give them the opportunity to buy at a lower price. It's not a new thing, but it has always been a repeated event for some Bitcoiners.

[God bless u]

Haven't we learnt from the past? We are still doing panic selling which was witnessed as there were fuds created by some influencers about possible rejection of spot ETF and once this spread across we saw how people were on selling mode which literally brought down the value of Bitcoin to $40750. But this was a tight slap on face of those who tried bringing down Bitcoin as it survived this attempt as well and rising again.

When I as we I meant those who have panic sold their holding and it's sad people don't understand that just one event like spot ETF approval cannot define Bitcoin's future and people should stop believing in these smear campaigns because no one can predict much about crypto or Bitcoin.

it is called market manipulation. that's how big whales manipulate crypto market and influencer smaller bitcoin holders and traders, trap them into their panic trap and when they get trapped. start panicking and selling these big whales buy those bitcoins at cheaper rates.
Imagine how those people are feeling now who fell into this trap and sold their bitcoins. it is very sad but there is nothing can be done.
While ETF is still not approved. I am sure no matter what the result of ETF be. there won't be any effect on Bitcoin. panicking and selling your previous bitcoin at low rate is a stupid thing.

[Smartvirus]

When I as we I meant those who have panic sold their holding and it's sad people don't understand that just one event like spot ETF approval cannot define Bitcoin's future and people should stop believing in these smear campaigns because no one can predict much about crypto or Bitcoin.

One truth is, if you’ve been in this space for a couple of years and I don’t mean just having to invest in Bitcoin alone but to be involved in some news field or forum to discuss it’s mechanics and development, you would come to realize just how safe ot is and wouldn’t be moved by just any news or FUD that is being spread around.
The centralized nature of aspects to Bitcoin doesn’t define nothing of the currency. What they ought to realize first is that, Bitcoin is decentralized and having a decentralized system defined by centralized system is a big fraud and flaw. It just doesn’t make any sense. It’s always been a consensus of users and still would be.

[goldkingcoiner]

Haven't we learnt from the past? We are still doing panic selling which was witnessed as there were fuds created by some influencers about possible rejection of spot ETF and once this spread across we saw how people were on selling mode which literally brought down the value of Bitcoin to $40750. But this was a tight slap on face of those who tried bringing down Bitcoin as it survived this attempt as well and rising again.

When I as we I meant those who have panic sold their holding and it's sad people don't understand that just one event like spot ETF approval cannot define Bitcoin's future and people should stop believing in these smear campaigns because no one can predict much about crypto or Bitcoin.

Do not be too sure. I think that we will see more FUD in the coming days, which will push down the price of Bitcoin even further. It is obvious market manipulation, but there is nothing we can do but HODL and not give in to the panic.

And if you really want to stick it to the manipulative whales and their media/influencer friends who are trying as hard as they can to spread the obviously manufactured FUD, then buy the bottoms and hodl. No selling whatsoever.

If more people stuck to that strategy, then we would not see so much market manipulation.

[criptoevangelista]

sell now? That doesn't cross my mind, I'll start thinking about a possible sale when the price is close to 100 thousand dollars per unit.

Another thing I learned in my life in this cryptocurrency business, never follow influencers, you can lose all your money.

[puloweh555]

sell now? That doesn't cross my mind, I'll start thinking about a possible sale when the price is close to 100 thousand dollars per unit.

Yes, exactly. Those of us in this forum should be smarter in responding to bad news or dirty campaigns circulating. Because we here already understand that bitcoin will not be affected by this news because bitcoin will continue to increase and we believe the four-year cycle is real. So keep doing dca we will reach 100 thousand dollars per bitcoin.

Another thing I learned in my life in this cryptocurrency business, never follow influencers, you can lose all your money.

Influencers sometimes only take advantage of the moment of a developing issue to seek sensation and increase viewership, that is their only goal. As wise investors, we must understand how Bitcoin works so as not to be tempted by influencers who only sell fomo to the public.

[coolcoinz]

Haven't we learnt from the past? We are still doing panic selling which was witnessed as there were fuds created by some influencers about possible rejection of spot ETF and once this spread across we saw how people were on selling mode which literally brought down the value of Bitcoin to $40750.

Did it? Maybe on leveraged exchanges that are literally a factory producing bankrupt losers who think they can make easy money.
Here's 41454 on bitstamp.

But this was a tight slap on face of those who tried bringing down Bitcoin as it survived this attempt as well and rising again.

So you don't know who it was yet?
I'll give you a hint. The platform that posted this FUD has ties to Jihan Wu, the well known BCH supporter.

[The Cryptovator]

I know a few influencers are even saying Bitcoin ETF approval would be a selling event as well. So I was expecting a sell-off after ETF approval. But surprisingly, yesterday the dump happened, and I was looking for reasons. In the end, I haven't found anything except massive liquidation. The market still remains bullish, and we are seeing how Bitcoin is almost recovering right now. A lot of predictors are saying we may see ETF approval in the first week of this month. So I believe we will see the good news very soon. We have to wait with patience; we need to just ignore things like FUD and don't panic.

[letteredhub]

Haven't we learnt from the past? We are still doing panic selling which was witnessed as there were fuds created by some influencers about possible rejection of spot ETF and once this spread across we saw how people were on selling mode which literally brought down the value of Bitcoin to $40750. But this was a tight slap on face of those who tried bringing down Bitcoin as it survived this attempt as well and rising again.

When I as we I meant those who have panic sold their holding and it's sad people don't understand that just one event like spot ETF approval cannot define Bitcoin's future and people should stop believing in these smear campaigns because no one can predict much about crypto or Bitcoin.

Hey mate, this market is beyond our pay grade I tell you all our money put together ain't even controlling a 1% of the market movement's, the movers and shakers of the market will always manipulate it in the direction it suites them, it is we the smallest fishes in the ocean that's been troubled and affected by the FOMO and FUDS that accompanies all of the events/news as they unfold. To be on on a safer side is by investing and hodling whatever amount you can afford to lose so that when others are selling you can deal with the fear and keep holding.

What makes many sell in such circumstance in this crypto market is that amny persons are holding crypto assets above what they can ordinarily afford to lose so in the case of any threatening news they panic to sell.

[roller33]

Haven't we learnt from the past? We are still doing panic selling which was witnessed as there were fuds created by some influencers about possible rejection of spot ETF and once this spread across we saw how people were on selling mode which literally brought down the value of Bitcoin to $40750. But this was a tight slap on face of those who tried bringing down Bitcoin as it survived this attempt as well and rising again.

When I as we I meant those who have panic sold their holding and it's sad people don't understand that just one event like spot ETF approval cannot define Bitcoin's future and people should stop believing in these smear campaigns because no one can predict much about crypto or Bitcoin.

Yeah, the panic selling whenever there's bad news is like a never-ending cycle. It's pretty wild how a bit of FUD can still send everyone into a sell-off. You'd think we'd have learned by now. Bitcoin always seems to bounce back though, doesn't it? Shows that these knee-jerk reactions to things like ETF rumors aren't always the best move. The crypto world's full of ups and downs; just gotta ride it out sometimes.

[TimeTeller]

Yeah, the panic selling whenever there's bad news is like a never-ending cycle. It's pretty wild how a bit of FUD can still send everyone into a sell-off. You'd think we'd have learned by now. Bitcoin always seems to bounce back though, doesn't it? Shows that these knee-jerk reactions to things like ETF rumors aren't always the best move. The crypto world's full of ups and downs; just gotta ride it out sometimes.

The cycle won't go away as there are always new users in this market.
But for those who learned their lessons well, such situation will give them opportunity to stash more btc in their vaults.
So the approach varies from one person to another, and they will get the benefits depending on how they act according to their instincts on this market.
Lucky if you got yourself into a situation where you are already in profit from your stash, and finally sell it in the market.

[hatshepsut93]

When I as we I meant those who have panic sold their holding and it's sad people don't understand that just one event like spot ETF approval cannot define Bitcoin's future and people should stop believing in these smear campaigns because no one can predict much about crypto or Bitcoin.

Do you believe that a lot of investors panic sold their stashes that they prepared for the big post-halvening bull run? Because I believe that 90% of all trades are done by day traders who try to profit from all movements, all media narratives, be it positive or negative. If they are selling it's because they are shorting and plan to buy back later.

[red4slash]

Haven't we learnt from the past? We are still doing panic selling which was witnessed as there were fuds created by some influencers about possible rejection of spot ETF and once this spread across we saw how people were on selling mode which literally brought down the value of Bitcoin to $40750. But this was a tight slap on face of those who tried bringing down Bitcoin as it survived this attempt as well and rising again.

There's no stopping this because it's part of the ever-present FOMO of thinking that ETFs are the only way for bitcoin to keep rising.
Things like this are bound to happen and they include will always utilise all means to make them individually profitable and aim for people to sell their bitcoin especially for beginners who really believe that ETFs are the way to bring bitcoin higher and when ETFs are not approved bitcoin will not move and instead they will lose.

But indeed things like this need to be emphasised to those new people who still believe in things like this so that panic can still be minimised. Even though if we remain confident in the long-term plans we have, we should be calm that things like this will not interfere with the plans we do for the long term.

[South Park]

Haven't we learnt from the past? We are still doing panic selling which was witnessed as there were fuds created by some influencers about possible rejection of spot ETF and once this spread across we saw how people were on selling mode which literally brought down the value of Bitcoin to $40750. But this was a tight slap on face of those who tried bringing down Bitcoin as it survived this attempt as well and rising again.

When I as we I meant those who have panic sold their holding and it's sad people don't understand that just one event like spot ETF approval cannot define Bitcoin's future and people should stop believing in these smear campaigns because no one can predict much about crypto or Bitcoin.

Those behind that campaign most likely achieved their objectives, they wanted to make the price of bitcoin to go down and if they used leverage to short the market then they made a lot of money even with that small movement, the ones that lost like always are the people that let their emotions to take control and listen to what a bunch of influencers and bots had to say, it is disappointing this keeps happening, but as long as they do not learn then those market manipulators have no reason at all to change their tactics.

[albon]

The misleading media, malicious influencers, whales, and others whose wallets were not sufficiently filled with Bitcoin at the time of its price decline are the ones who spread these false expectations, rumors, and smear campaigns to drive investors out of the market, prompting them to sell in panic, lowering the price of Bitcoin so that they can enter during these times to buy Bitcoin at an attractive price. While the approval of Bitcoin Spot ETF may be an important event in the cryptocurrency industry, boosting investor sentiment and allowing a positive impact to dominate Bitcoin's price, if things don't go as we expect and what businessmen and major investors expect in terms of approval, this does not mean the end of Bitcoin or its future stopping there.. There's the halving event and many other factors, reasons, and events that will make Bitcoin more rare and more valuable than ever before. Just don't succumb to FUD.

[nelson4lov]

When FA news and rumors pumps the price of Bitcoin, it's all good. The moment it's done to have a net negative market impact, everyone goes about how we shouldn't listen to influencers and panic sell when in fact, these kinds up FA updates have been one of the very few things that have moved the price of cryptos for years.

Well, yesterday's sell ofds were just sneak peeks of how the market will react should the Bitcoin ETFs lined up for 2024 are all rejected.

Let's remember that Potential ETF approval news have boosted the price to the level we're at today.

[cyberninja2]

When FA news and rumors pumps the price of Bitcoin, it's all good. The moment it's done to have a net negative market impact, everyone goes about how we shouldn't listen to influencers and panic sell when in fact, these kinds up FA updates have been one of the very few things that have moved the price of cryptos for years.


Well, yesterday's sell ofds were just sneak peeks of how the market will react should the Bitcoin ETFs lined up for 2024 are all rejected.

Let's remember that Potential ETF approval news have boosted the price to the level we're at today.

This news will be an encouragement to experts who continue to follow the news that bitcoin conditions will improve again in 2024.
a process will become a priority for bitcoin experts with good news to continue the positive trend when they hear that there is a movement for something that is emerging in a direction that is not negative.
If something like that happens, it's time for us to prepare again for mid-2024 just to balance market prices until the conditions are realized without any rejection.

[AHOYBRAUSE]

Many people investing in bitcoin and other crypto currencies are not as educated about the whole thing as many people here in this forum. They just got advised to invest by some financial adviser or whatever or got caught up in main stream media that crypto is the thing to be in "don't miss your chance now" .

These people are most likely the ones that panic sell because they have no clue how the market moves and reacts. All they see is 1 tweet or one red number in the daily graph just to change their mind and sell as fast as they can.

Serious bitcoin enthusiasts don't even bother to look at the price for week or even months. They know they are in for the long run and it will most likely pay out whenever they decide to liquidate their investments.

[NotATether]

Imagine spending money and resources creating smear campaigns against Bitcoin when you could just buy some. 

I'm not sure why people think there is going to be an ETF verdict soon. Government agencies are not known to work quickly.

[kojektea]

I don't really care about this because if I'm not mistaken at the end of 2023 there will indeed be ETF news and what I heard is that they still deny the existence of bitcoin, finally bitcoin fell briefly as if it didn't have too much influence on the bitcoin price trend. Bitcoin is pretty solid right now, so there's no need to worry about Bitcoin ETFs this year. We don't even know that if they refuse again, it doesn't necessarily mean that Bitcoin will actually be a negative trend for a long time.

[Blitzboy]

The classic Bitcoin smear campaign - isnt it a rite of passage? Every hint of negativity triggers panic selling. Dont be too hard on panic sellers. It takes courage (or naivety?) to see your digital gold disintegrate into dust at the slightest sign of trouble.

Bitcoin is a belief system, not a currency or investment. It has fanatics and skeptics like any religion. The recent ETF mess? Another Bitcoin chapter. The price sank to $40,750, but look at the recovery! Bitcoin seems to like defying doomsayers.

So, to all you sellers going crazy, I have news for you: Bitcoin isnt a passing trend. Stronger storms have hit it. It goes beyond market patterns and ETF approvals. This is a dramatic change in value and transaction perception. Smear campaigns? They're noisy.

[Antotena]

Haven't we learnt from the past? We are still doing panic selling which was witnessed as there were fuds created by some influencers about possible rejection of spot ETF and once this spread across we saw how people were on selling mode which literally brought down the value of Bitcoin to $40750. But this was a tight slap on face of those who tried bringing down Bitcoin as it survived this attempt as well and rising again.

In every bitcoin market circle, there exist as a new cats and old cats and by cats I mean investors. Expect new people to have bought when the price was lower which was around 2022 and are now in profits in 2024 and because of the nature of bitcoin crash, they don't want to take chances and see that profits wash down by some price whales.

Similarly to old cats, some of them has been holding bitcoin since last bull run and I guess they must have bought at all time high, so now they are waiting for Bitcoin price to recover so they can pull out their investment and wait to buy back again. This is why I think that people will always sell even if the market is bullish.

When I as we I meant those who have panic sold their holding and it's sad people don't understand that just one event like spot ETF approval cannot define Bitcoin's future and people should stop believing in these smear campaigns because no one can predict much about crypto or Bitcoin.

I just think that people are entitled to their investment and they can do whatever they choose to do with their investment. What is even the essence of investment if you can't lock in profit when you like. This is one of the freedom of investing in bitcoin, it's an open market and free will of people, expect them to do what they want to do with their investment.

[AicecreaME]

We can't prevent that from happening, since we have our pwn judgment from things to things.

People who believe on influencers spreading FUDs are just those whose knowledge is not enough to figure out that ETF's approval will not determine Bitcoin's future. That's why it is so important to study as much as possible about bitcoin and other cryptocurrency to avoid panic selling and being in FOMO to avoid losing opportunities that could give you profits in the long term.

[Doan9269]

Haven't we learnt from the past? We are still doing panic selling which was witnessed as there were fuds created by some influencers about possible rejection of spot ETF and once this spread across we saw how people were on selling mode which literally brought down the value of Bitcoin to $40750. But this was a tight slap on face of those who tried bringing down Bitcoin as it survived this attempt as well and rising again.

But why has people got to be so concerned about this bitcoin spot ETF approval of a thing or not, any small changes observed with the bitcoin market price will be attributed to the event of breaking news on ETF approval, I can remember very well that Bitcoin has always been this volatile even before the issue of ETF application comes onboard, the market has been rising and falling and we are majorly focused on the halving, but what is happening now that we are shifting concentration on that to what may not really matters that much.

[DooMAD]

Haven't we learnt from the past? We are still doing panic selling which was witnessed as there were fuds created by some influencers about possible rejection of spot ETF

The real FUD comes from buying into the myth that institutional investors matter.  Bitcoin functions just fine without them.  It's only speculators who care about this. 

It is possible that the SEC could reject every single one of the current applications.  And it wouldn't matter in the slightest.  Unless you're a speculator and the current price in fiat is important to you. 

[franky1]

Imagine spending money and resources creating smear campaigns against Bitcoin when you could just buy some. 

firstly spending small money to create smear campaign. EG paying a couple trolls a couple hundred bucks to echo chamber a mantra.. if done right causes bitcoin price to discount saving someone THOUSANDS when they buy

I'm not sure why people think there is going to be an ETF verdict soon. Government agencies are not known to work quickly.

governments have deadlines and one deadline is next week

[blckhawk]

Ask a friend of mine about the recent dump, seems that it's miners selling a lot of their bitcoin that have been on hodl for a really long time. Sad thing that a lot of people have panicked and now they've made a mistake, the prices are stabilizing again and now they either can come back because they've lost value or they're so shocked at what happened. Can't blame them though, they're going to do that kind of thing no matter how much we want to warn people not to panic sell, some people just don't have the nerve to not sell when the price is not looking favorable to them.

[LogitechMouse]

Haven't we learnt from the past? We are still doing panic selling which was witnessed as there were fuds created by some influencers about possible rejection of spot ETF and once this spread across we saw how people were on selling mode which literally brought down the value of Bitcoin to $40750. But this was a tight slap on face of those who tried bringing down Bitcoin as it survived this attempt as well and rising again.
~

Don't think about yourself. Think about other people out there.
You might not get panicked because you've seen it numerous times already,  but there are still newbies out there who don't know what to do at times like that, thus they are panicking and then selling their Bitcoin.

I can't say the exact number, but I believe that there is always a newbie who comes and invests in Bitcoin on a daily basis. These newbies are the ones who don't know what to do when the worst thing happens. These investors are the ones that didn't experience the negative side of cryptocurrency. For the newbies, see FUDs as negative, but for old ones, see FUDs as opportunities. I mean if you only bought Bitcoin near its lows, you are now at least up by 5% or even more with your capital.

[someone703]

Yesterday's dip showcased this beautifully. A cocktail of news, profit-taking, and pre-set targets sent it tumbling towards $40k, only to be met by a wave of opportunistic buyers eager to snatch up bargains. It was a microcosm of the entire market, a constant push and pull, a waltz of fear and exuberance.

While eliminating FOMO entirely might be akin to defying gravity, I agree that individual discipline plays a crucial role. Setting clear goals, investing within your risk tolerance, and developing a long-term vision can be your armor against the siren song of the moment.