Fake news always dangerous

[Abuobyda218]

Rumors have emerged that Michael Saylor sold $1 billion of MicroStrategy's BTC, causing the market to temporarily crash to $95,000.
Sometimes the Bitcoin market is heavily influenced by false propaganda, as has been the case with the price crashing based on this fake news. Before believing in fake news, one should patiently understand the situation well. Michael Saylor himself has made it clear that he will not sell his Bitcoin but will continue to buy his Bitcoin.

[Z-tight]

The fall in price had nothing to do with that rumor though. The rumor started spreading after the latest fall in price, then coupled with on-chain data showing outflows from Strategy's wallets, which people interpreted to be the company selling some of their holdings. However, on a general note, it is true that weak hands will react to everything. Any rumor or news that seems negative and they are scrambling to sell BTC.

[Fiatless]

Rumors have emerged that Michael Saylor sold $1 billion of MicroStrategy's BTC, causing the market to temporarily crash to $95,000.
Sometimes the Bitcoin market is heavily influenced by false propaganda, as has been the case with the price crashing based on this fake news. Before believing in fake news, one should patiently understand the situation well. Michael Saylor himself has made it clear that he will not sell his Bitcoin but will continue to buy his Bitcoin.

Maybe you are getting your information from social media platforms like X and others.  According to most crypto news outlets, fear that the Fed might retain the current interest rates in December triggered a massive dump not just in the crypto market but in others like the AI industry. The news that Michael Saylor dumped Bitcoin is fake. And when news doesn't come from the right source, it should be debunked.

[Zaguru12]

The fall in price had nothing to do with that rumor though. The rumor started spreading after the latest fall in price, then coupled with on-chain data showing outflows from Strategy's wallets. However, on a general note, weak hand will react to everything. Any rumor or news that seems negative and they are scrambling to sell BTC.

Exactly I don’t get that it’s actually the news about Saylor selling that actually affected the market when the market was actually below $100k in the earliest hours of today and Saylor news was actually circulating in the afternoon, Saylor only posted on his X a picture of him in a sinking ship (titanic) and with onchain reports of the company signaling outflow and it was used to create panic but it never had any impact on the market in fact the Market has actually bottomed before that.

I know this period  we will be reading fake rumors or news and also fake speculations by so called experts just to actually cause the FUD in the market, to me as a long term investor it is best to actually know it is another perfect time to accumulate more

[Satofan44]

FUD is boring, FUD is for the lowest common denominator of humans. There is this old saying, sometimes referred to by individuals but understood in practice by very few.

A Fool and His Money are Soon Parted

This is the case for those that fall to FUD and those that would sell their Bitcoin because the price is slightly down on a day or a little bit more down from an extraordinary ATH. If you are selling in order to conserve your value in fiat, you have not learned anything about Bitcoin. You are here for the wrong reasons, and you are a slave. You are a slave financially, you are a slave mentally and soon enough the governments will make you a bodily slave too unless you wake up from your delusions.  

I know this period  we will be reading fake rumors or news and also fake speculations by so called experts just to actually cause the FUD in the market, to me as a long term investor it is best to actually know it is another perfect time to accumulate more

A long term investor should not even be opening the news, especially not from the cryptocurrency industry and especially not things that are circulating on social media.

[Hardyrobust]

] I don't believe if this is the cause of the recent bearish season. There are things that may actually trigger this which we may not know. Although such market sentiment or rumours can really trigger the market to dip but I don't think it will be to such a level. There are people that do believe in any information that they see online without verifying the authencity of such information . The question I would ask for those that make decide to sell as a result of the information they get online like the one op just said. If Michael saylor decide to sell , is it a reason for other investors to also sell there bitcoin even when there holding is not in profit.

[aoluain]

Its also worth noting that there are players in the market who are looking to influence
others to their own gain and this is probably another example.

What would be a great way to cause FUD when the market is hovering around $102k?
Lets put it out that MS sold Bitcoin, that will definitely relieve some of their Bitcoin.

Everyone really needs to understand that Bitcoin is bigger than any one entity,
and that includes Satoshi too! and while _fakenews like that
will move the market but it is only temporary and offers a great opportunity to buy.

[uchegod-21]

Rumors have emerged that Michael Saylor sold $1 billion of MicroStrategy's BTC, causing the market to temporarily crash to $95,000.
Sometimes the Bitcoin market is heavily influenced by false propaganda, as has been the case with the price crashing based on this fake news. Before believing in fake news, one should patiently understand the situation well. Michael Saylor himself has made it clear that he will not sell his Bitcoin but will continue to buy his Bitcoin.

I have not come across this news on the internet. I do not believe that this news is the reason for the dip, however I still know that weak hands will still panic upon reading something like this on the internet.

Fake news is not something new to me anymore. Manipulators have always been there trying to use weak hands in their own favour. Those who are still trying to understand how Bitcoin works should learn to always verify every noise before taking action. A simple fake news can lead to a very serious reaction because most traders panic alot; they'll react first to protect their assets before verifying.

[Despairo]

If it's a legit news it will give the same effect too.

Many people trust a big institution or popular person because their news could give some decision for people to buy or sell their coins, this has been happened since many years ago and it doesn't change despite Bitcoin's market cap is already huge.

It's not about fake news, but it's about how people react the news.

[Donneski]

Fake news has been a weapon in the Bitcoin market for years and sadly many traders still fall for it. Maybe more sensitization on how to react to news and how to make proper findings will help in saving is from future occurrences of things like this. This Saylor rumor is just another example of how manipulation spreads fast, while the truth moves slowly.

Most of us have been following Saylor and are aware of the fact that his stance hasn’t changed. He’s widely known to be a buyer not a seller. We all need to double-check information before acting on it especially in a volatile space like crypto.

[Alone055]

Its also worth noting that there are players in the market who are looking to influence
others to their own gain and this is probably another example.

Of course, manipulators are present in every market, and they will do whatever it takes to influence the decisions of other market holders so that they can dictate the market and make profits themselves, and retail investors and traders make them successful most of the time by selling immediately as soon as they hear something without any confirmation or waiting. They lose money themselves by selling early, and they also make the market lose value and thus make others lose money as well, but manipulators succeed in their venture.

Oftentimes, it feels like the crypto market has now matured enough to not quickly react to FUD and fake news and stuff, but then the weak hands surprise you, and you see the market reacting to the smallest and the fakest things and the stupidest FUDs that you have ever seen or heard, and then you realize that this market might get matured, but some things will always be the same, especially the fact that as long as there are weak hands in the market, those with strong positions will never have a day without profits.

[BIT-BENDER]

Rumors have emerged that Michael Saylor sold $1 billion of MicroStrategy's BTC, causing the market to temporarily crash to $95,000.
Sometimes the Bitcoin market is heavily influenced by false propaganda, as has been the case with the price crashing based on this fake news. Before believing in fake news, one should patiently understand the situation well. Michael Saylor himself has made it clear that he will not sell his Bitcoin but will continue to buy his Bitcoin.

Although I don't believe you got the reason for the drop in Bitcoin price correctly regardless we need to have all the panickers out of Bitcoin. It make no sense that anyone would sell off their Bitcoin at every slightest rumor or news.
There are people who earns from spreading news about Bitcoin and most of them have huge following and lots of viral capabilities so they do what ever to go viral including spreading fake rumors.

[osasshem]

Since the fed rate cut and the continuity of the tariff war from US to China and other countries has been the leading reason for the drop in the price of crypto currencies, of which Bitcoin is a major target among others. News like the one you pointed out can also affect things due to the presence of weak hands in the market, who ends up dumping their holdings.

[dunfida]

Rumors have emerged that Michael Saylor sold $1 billion of MicroStrategy's BTC, causing the market to temporarily crash to $95,000.
Sometimes the Bitcoin market is heavily influenced by false propaganda, as has been the case with the price crashing based on this fake news. Before believing in fake news, one should patiently understand the situation well. Michael Saylor himself has made it clear that he will not sell his Bitcoin but will continue to buy his Bitcoin.

I have not come across this news on the internet. I do not believe that this news is the reason for the dip, however I still know that weak hands will still panic upon reading something like this on the internet.

Fake news is not something new to me anymore. Manipulators have always been there trying to use weak hands in their own favour. Those who are still trying to understand how Bitcoin works should learn to always verify every noise before taking action. A simple fake news can lead to a very serious reaction because most traders panic alot; they'll react first to protect their assets before verifying.

The rumor about Michael Saylor selling off a billion dollars worth of bitcoin really shows how fragile the crypto market can be when it comes to misinformation even a small piece of fake news can trigger massive panic especially when it involves a big name like Saylor or companies with large btc holdings such rumors travel fast through social media and before any verification happens traders start reacting emotionally which often causes unnecessary dips.

Michael Saylor has built his entire public image around being a bitcoin maximalist and his company MicroStrategy has been one of the strongest institutional holders of bitcoin so the idea of him suddenly selling such a large amount doesn’t add up it’s the kind of headline designed to scare new investors and give market manipulators a window to buy cheaper coins from panicked sellers. This is exactly why patience and verification are essential in crypto markets reacting to unconfirmed news can easily destroy a trader’s portfolio the smart move is always to check multiple credible sources first watch the on chain data for confirmation of large movements and remember that the biggest players usually stay calm during chaos because they know that panic always benefits the patient ones.

[Fara Chan]

Rumors have emerged that Michael Saylor sold $1 billion of MicroStrategy's BTC, causing the market to temporarily crash to $95,000.
Sometimes the Bitcoin market is heavily influenced by false propaganda, as has been the case with the price crashing based on this fake news. Before believing in fake news, one should patiently understand the situation well. Michael Saylor himself has made it clear that he will not sell his Bitcoin but will continue to buy his Bitcoin.

Where do you get this kind of news from? Because if you only listen to the words of others without accurate evidence, it is clearly unreliable, although some weak holders may have believed this fake news and sold Bitcoin into the market. I am currently seeing increased selling pressure, pushing the Bitcoin price below $95,000, but I don't believe this is the work of Michael Saylor's selling. He is a strong believer in Bitcoin and never panics, holding on to Bitcoin tightly at all times, including in times like these.

[Josefjix]

Rumors have emerged that Michael Saylor sold $1 billion of MicroStrategy's BTC, causing the market to temporarily crash to $95,000.
Sometimes the Bitcoin market is heavily influenced by false propaganda, as has been the case with the price crashing based on this fake news. Before believing in fake news, one should patiently understand the situation well. Michael Saylor himself has made it clear that he will not sell his Bitcoin but will continue to buy his Bitcoin.

Any time the price of Bitcoin falls dipper like it did recently, there used to be many news regarding the crash from different sources where some might be true and while some faulty. But what I strongly believed is that at every price of Bitcoin, there has always been strong buyers who pushes the price higher no matter the situations.

[Z-tight]

but I don't believe this is the work of Michael Saylor's selling. He is a strong believer in Bitcoin and never panics, holding on to Bitcoin tightly at all times, including in times like these.

Just for the record, Strategy were actually not selling, as confirmed by their chairman Michael Saylor. According to him they are actually buying more. The onchain data showing outflows was probably Strategy moving some of their coins to another wallet, rather than liquidating it. Just putting this here to set the record straight, not that BTC is dependent on what Strategy does, neither should people take decisions based on what Saylor says. If you are a true bitcoiner, you should trust the network enough to make your own decisions.

[mindrust]

Haven’t this dude said that he is expecting a bear market this year? I knew he was gonna do something stupid and he is doing it now. He probably used too much leverage to buy bitcoin and now he has to pay all those debt back and he is forced to close his positions so btc starts crashing. He could have said this to us directly instead of telling us his “expectations” as some of us don’t take him seriously no matter what he does or says. In these situations it is better to be direct and honest instead of throwing hints. “Look, I fucked it up and I’ll be selling some coins to get unfucked again. If you don’t wanna get rekt soon be careful with your leveraged positions. -cya uncle saylor”  Good news is btc is still close to $100k, it is not much of a crash really. We have seen much worse than this.

[Fivestar4everMVP]

Rumors have emerged that Michael Saylor sold $1 billion of MicroStrategy's BTC, causing the market to temporarily crash to $95,000.
Sometimes the Bitcoin market is heavily influenced by false propaganda, as has been the case with the price crashing based on this fake news. Before believing in fake news, one should patiently understand the situation well. Michael Saylor himself has made it clear that he will not sell his Bitcoin but will continue to buy his Bitcoin.

You can't possibly blame any one who comes across such news that Michael Saylor sold $1 billion dollar worth of bitcoin and believe it, people say one thing today but end up doing another one tomorrow, Trump (for example) was a bitcoin hater but today have changed his mind, so also can Michael Saylor say a thing now and end up doing something else tomorrow, so it is really important not to trust any of this people and their comments, they all are after their own personal interest and may change their mind at the slightest threat or challenge..

The thing actually is as independent investors, we should ensure we are not investing in bitcoin because of any body else but ourselves, and when you hodl, hodl because you want to and not because someone else is Hodling.
Those who have bought/invested in bitcoin because of Michael Saylor is investing in bitcoin are the ones who will first rush to go and sell when they see the news of Micheal Saylor selling, they will do this even without first verifying if the news is true but it's their lose at the end of the day btw.

[Stalker22]

So, you know that saying, Buy the rumor, sell the news?  Well, it was flipped on its head this time.  The rumors popped up after the sale had already happened.

Honestly, if you are making trades based on unconfirmed headlines, you deserve to get burned.