Fake news always dangerous

[tabas]

Don't be also too much believing in what these people say. They have a huge company, employees and investors that have entrusted them their money. So, it means that there can be a time that they have to sell their resources just to cover all of the people that are part of their journey. While I am believing him with what he says that he's not going to sell at this moment, don't close your mind that he's going to be faithful to his words forever. A time of selling might come and we'll be surprised when he do that. Just saying that they're still human and can always break their promises.

Michael Saylor is a human being like us, so their promises can be broken. Today they may be promising not to sell their company, but there may come a time when they may sell Bitcoin. Michael Saylor said in an interview that he will never sell his Bitcoin. That is, he believes in the prediction that Bitcoin will hit $21 million by 2041. He may be saying it now, but no one can say whether he will be able to keep his promise in the future.

That's what I am saying, we don't hold his mind and we can't control whatever is in it. That's why don't trust them even if we're part on the same herd, and that's through holding Bitcoin. I think that we have to be too careful as well when we admire them because sometimes that could lead into blind belief and idolizing them. While it's interesting the thoughts he's got on how much Bitcoin will be in the future and we want to see that together but still, just guard yourself and heart with all of the speculations that they are selling because everything can change in split moments.

[fredericktaylor]

It is very common to create various kinds of rumors in cryptocurrency focusing on the possibility of big profits and losses in a short period of time. If a person does not understand crypto well, any fake news can cause big losses. There are many people who analyze the market too much themselves, fake news can cause big losses. Before taking any decision, investors should definitely verify the authenticity of the news so that they do not face losses. One should not take any action just after seeing any news on social media. One should control oneself in any moment of excitement.

Anyone that will be losing in crypto currently are newbies because they can easily confuse them, that is why anything you want to do you need to be making research before doing anything. If you are someone that always research is very hard for anyone to confuse you and lose. People that share fake news about bitcoin are the enemies of it. And they will do everything to make people to not invest and with how bitcoin is no one can make bitcoin go down because if bitcoin will lose value he should have lose since for some years but is still moving well and others are investing smoothly without any difficulties. We should always make research before taking action because they alot of fake news in the Internet.

It is true that there is a lot of fake news on the internet, and there are some people who comment on a news without checking it. Therefore, it is very important for us to always be aware and make a good decision before doing anything. Different people have different opinions about Bitcoin, so it is very important to prioritize your own research rather than listening to their words.

[Natalim]

Bitcoin is currently at $91k at the time of this writing, and what I see is that is we are continuously going downward trend so this is not all about fake news anymore, we are already heading into the bearish market while temporarily leaving the bullish market.

Still, we have to keep observant with bitcoin and its market events. And be educated on what is truly happening, without falling on fake news that will only add more confusion especially on the part of newbies where they are still processing on what is happening in the market. For most of us who are old here, this isn't something new anymore.

[reefsea]

Bitcoin is currently at $91k at the time of this writing, and what I see is that is we are continuously going downward trend so this is not all about fake news anymore, we are already heading into the bearish market while temporarily leaving the bullish market.

Still, we have to keep observant with bitcoin and its market events. And be educated on what is truly happening, without falling on fake news that will only add more confusion especially on the part of newbies where they are still processing on what is happening in the market. For most of us who are old here, this isn't something new anymore.

In terms of conditions for now actually we just have to be prepared with all the possibilities that occur, actually I still believe that bullishness will still last at least until the end of the year or even the first q1 at the beginning of the year later but indeed with the conditions that occur now of course we have to suck because all possibilities can happen.

Conditions like this will indeed be a little difficult for some people but on the one hand we must still realize that when there is a bullish then we must prepare for bearish and vice versa. So don't make the current conditions actually make you down and lose faith in bitcoin because whether you realize it or not this condition should have been calculated and will definitely exist every period.

[serjent05]

Bitcoin is currently at $91k at the time of this writing, and what I see is that is we are continuously going downward trend so this is not all about fake news anymore, we are already heading into the bearish market while temporarily leaving the bullish market.

There are still people who are positive on the Bitcoin market, thinking that this is just another consilidation phase and Bitcoin will possibly uptrend one last time to record another ATH before the market completely transition to bear market.  As proof, there is one recently created thread talking about the person with highest IQ predicting Bitcoin price will surge to $200k+ in 45 days.

I am hesitant that this will happen but obviously there are still people who thinks that Bitcoin bull run is yet to be over.

Still, we have to keep observant with bitcoin and its market events. And be educated on what is truly happening, without falling on fake news that will only add more confusion especially on the part of newbies where they are still processing on what is happening in the market. For most of us who are old here, this isn't something new anymore.

True, falling for fake news is like being scammed big time.  We must ensure that we verify all information we had received before acting.  This way we can avoid unnecessary losses especially when we are dealing with finances.

[Powerjumboo]

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.

In fact, fake news is very dangerous which can create any situation. However, one should not believe in fake news without proving its authenticity, like you mentioned that Michael Saylor will sell one billion dollars of his investment in Bitcoin, but it should really be seen whether he is posting from any verified social media or whether he is posting on any of his verified websites. If such news were available after verifying everything, then it should be believed, but most people believe the rumors of many people without analyzing everything, due to which such fake news creates a very bad situation in the market. Actually, when fake news comes to the market or true news comes, I first analyze the issues well and then I believe all that news, besides, I do not believe any news very easily. Moreover, Michael Saylor has bought Bitcoin for his long-term investment and is constantly buying Bitcoin, even in the bad situation of this market, he has not stopped investing in Bitcoin.

[Emitdama]

Everyone is trying to play on a safer side and yes I already noticed that the market already dropped before the news circulation but I tried finding if it was true and search results from the link below says that, it was merely a rumor as Michael has no plans of selling their holdings. https://coinlaw.io/?p=19172

I have the dreams of holding for long and anyone who is a core holder I think should not be scared of market fluctuations because those volatility are what we need to make profit off the market

But, short term holders or mostly the ones who recently made their first purchase will panic because they will mostly rely on news around bitcoins. We all know, Michael has turned out to be one of the great bitcoin influencer because his firm now holds a significant amount in bitcoins so his decision around bitcoins will make the markets unstable. I am sure he will not sell his positions as of now because even he is here for long run but the rumors carrying around his name will make some noise and people will start panic selling.

For long term holders, this will not even matter because we are thinking for long term and we will not sell our positions no matter what happens. Also I am sure that long term holders are holding their positions since we crossed $50,000 so bitcoins dropping to $90,000 will still keep them in profits.

[Judith87403]

It is true that there is a lot of fake news on the internet, and there are some people who comment on a news without checking it. Therefore, it is very important for us to always be aware and make a good decision before doing anything. Different people have different opinions about Bitcoin, so it is very important to prioritize your own research rather than listening to their words.

Before even commenting, one should first of check the source of the news, check if it’s from a reliable source or if it’s just a random user who’s just trying to create an unnecessary fuss online or targeting to create or generate traffic in their social media pages, because that’s what a lot social media influencers now do, they really don’t care how the information they release online affects people, and you see people acting on those news without even checking the authenticity and validity of the news.

[YOSHIE]

Rumors have emerged that Michael Saylor sold $1 billion of MicroStrategy's BTC, causing the market to temporarily crash to $95,000.

The world economy is currently not good, it is difficult for anyone, let alone large companies, to maintain Bitcoin as an investment for a long time, so we know that the crypto market influences sellers and buyers. These two factors cannot be separated and always coincide.

There is a lot of news that we see at the moment, they are selling Bitcoin, not only Michael Saylor, the US president is also doing the same thing, for me the fall in the price of Bitcoin is a normal thing, the market will definitely have ups and downs, it will definitely happen.

Yes, maybe Michael Saylor said not to sell Bitcoin, that's if the economy is stable and improving, but if not everything can turn around, the point is I haven't seen what Michael said to be true and can be trusted, he made up a lot.

[Zackz5000]

This period that the market is dropping drastically I know that there will be so many news in the internet concerning the price decline of Bitcoin, well i don't think the recent fall of the price is because some body bought Bitcoin or sold out there can be rumors that Micheal Saylor sold $1 billion of microstrategy Bitcoin but i will not believe it to be true, the rise and fall of Bitcoin is the cause of it's volatility i don't think it's cause by any one thats just the nature of Bitcoin lets not panic over it rather it should be an opportunity for us to accumulate more Bitcoin.

[jostorres]

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.

How do we know that Michael saying he is willing to buy more bitcoins is not a rumour? It is really difficult to believe any rumour which is not backed by a solid research. People believing false rumours is because those false rumours are published and marketed efficiently because there will always be someone who will profit from such rumours and they will not mind spending a decent amount in marketing because they can earn way more than what they actually spend.

But yes, these fundamentals will affect the markets are people will panic and will start offloading their positions thinking someone well experienced is doing so. They think they can find a better opportunity in future to buy bitcoins again so they will start selling just to make sure they are not taking any risk here.

[DiMarxist]

How do we know that Michael saying he is willing to buy more bitcoins is not a rumour? It is really difficult to believe any rumour which is not backed by a solid research. People believing false rumours is because those false rumours are published and marketed efficiently because there will always be someone who will profit from such rumours and they will not mind spending a decent amount in marketing because they can earn way more than what they actually spend.

But yes, these fundamentals will affect the markets are people will panic and will start offloading their positions thinking someone well experienced is doing so. They think they can find a better opportunity in future to buy bitcoins again so they will start selling just to make sure they are not taking any risk here.

Crypto is full of headlines designed to manipulate sentiment, and some people spread these stories simply because they profit from the reaction and that is why it is always smarter to wait for confirmed statements rather than jumping on hype.

[Vaculin]

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.

Whatever the issues about big whales in the market, expect that the market reacts, that's how sensitive the market is with regards to the news and worldwide events. However, with this recent continuous price decline, I don't think Saylor has been the reason of this, but my own thinking says its time actually for bitcoin price to experience a bearish price, now the market is already seen bleeding. And we can't do nothing but to wait until the price recovers, so being patient will definitely make a big difference.

[SUPERSAIAN]

Rumors can influence markets. Some negative rumors can spread very quickly as news. This rumor wasn't real, many investors immediately realized it was fake news when they saw it. Furthermore, the reason for the decline had nothing to do with this rumor. The decline was already there, and it was just this kind of false news that started to spread.

[Jody.Drummer]

It is true that there is a lot of fake news on the internet, and there are some people who comment on a news without checking it. Therefore, it is very important for us to always be aware and make a good decision before doing anything. Different people have different opinions about Bitcoin, so it is very important to prioritize your own research rather than listening to their words.

Before even commenting, one should first of check the source of the news, check if it’s from a reliable source or if it’s just a random user who’s just trying to create an unnecessary fuss online or targeting to create or generate traffic in their social media pages, because that’s what a lot social media influencers now do, they really don’t care how the information they release online affects people, and you see people acting on those news without even checking the authenticity and validity of the news.

Yes, there are quite a lot of people who make blogs about news, but whether it is true or not, so even if we are interested in the news, we have to be more careful in looking at it before drawing conclusions such as looking for the owner of the blog, or the date or even the source, because currently, as you said, there are also many who deliberately create it but the aim is only to make a fool of themselves, and this can be a series where for example there is one hoax news but because of a lack of carefulness, one person believes it and spreads it to other friends, there is a possibility that their friends can also believe it, resulting in a commotion even though it is inaccurate news.

[MarjorieZimmermanGinger]

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.

This kind of FOMO or news is common, but I'm puzzled that so many people still fall prey to it even though they can verify the news before making a decision. This is why investment knowledge is also based on other aspects so that people don't fall into this trap, which can ultimately lead to losses. Influential people will create FOMO in the market because it might benefit them, or conversely, panic caused by fake news deliberately created to weaken Bitcoin. These are two different things, but they have the same impact on Bitcoin's progress in the market. If someone is not wise enough in responding to the situation, their investment can result in losses.

[dezoel]

there are quite a lot of people who make blogs about news, but whether it is true or not, so even if we are interested in the news, we have to be more careful in looking at it before drawing conclusions such as looking for the owner of the blog, or the date or even the source, because currently, as you said, there are also many who deliberately create it but the aim is only to make a fool of themselves, and this can be a series where for example there is one hoax news but because of a lack of carefulness, one person believes it and spreads it to other friends, there is a possibility that their friends can also believe it, resulting in a commotion even though it is inaccurate news.

These people who write blogs about the news are just looking for publicity as they can quickly gain traction over such news as people always want something interesting to read. It does not matter if it is right or wrong, people will still spend some time to read and that is where the income flows for such blog owners. We should always check official sources. These blogs are never meant to be the official source. They just spread the news which has no confirmed sources.

I would never take my financial decisions by reading any random blog. Yes, there are a few blogs which provide genuine information but still some of the news might not be confirmed on these blogs. I would rather spend my time in listening to news or checking official pages to get more information before I make my decision.

[Webutxo]

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 saw a tweet by watcher guru with screenshot but I don't know why the tweet was deleted over the weekend. I don't know why a reputed platform like that will spread false information or could there be something that was hiding. They also hold Bitcoin, why will they tweet misinformation if it never happens. There could be something that is not complete about the information.

I think some Bitcoin holders has sold their Bitcoin for profits and now has nothing left again. They want to see the market fall so they can be able to buy more when the price is down and then turn bullish again. I don't trust some of this Bitcoin market influencers, they are only after making money for the pocket.

[bubilas]

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.

He quickly responded to these rumors by calling them fake. We've discussed on the forum more than once that he's become an influencer who can truly exert significant influence on the price of Bitcoin and, by extension, all other cryptocurrencies. But Saylor truly seems like a very principled person who isn't concerned with speculation, unlike Trump the trader. I don't think we'll see a single sale from Strategy in the coming years, and that's very wise of them. It's good that Saylor is sending waves of positivity into the market with his buyouts and further arguments for price growth.

[allthebitandbobs]

Rumors can influence markets. Some negative rumors can spread very quickly as news. This rumor wasn't real, many investors immediately realized it was fake news when they saw it. Furthermore, the reason for the decline had nothing to do with this rumor. The decline was already there, and it was just this kind of false news that started to spread.

Not everyone but still there will be a few who will trust these rumors and start panic selling thinking one of the major personality has started offloading bitcoins. The price dip will just add fuel to such rumors as people will think others as well have started offloading their holdings. We should be really careful with these kind of rumors. Specially people who are recently starting with bitcoin investment should try and avoid such rumors. I might agree that sometimes it gets quite difficult to identify if the news is real or just another rumor.

We do need to go through news to understand the fundamentals of bitcoins but considering rumor as news is quite harmful for long term. There are official sources which can confirm these news so it is always better to check for official channels before making our decision.