Fake news always dangerous

[Koadharber]

That rumor and the falling or the price may not be directly linked.

But as a general precaution, I would suggest avoiding linking of news to movements. Because doing so leads to emotional decisions. We humans have the habit to find out why a dip happened. At that time our brains are linked to anything thay seems negative to be linked to that downtrend and the weaker hands might sell in fear.

To be a good trader, read the news but dnt be influenced by it.

It is really unhealthy to keep hearing rumours such as this because 80% of them are fake and created to trigger panic.
I bet there are people who dumped their bitcoin just because that rumour only to see saylor's clarification that he instead is buying bitcoin and added to his holding. Even this not only happening in crypto.

Even gold have its share of fuds and rumors.

This happens all too often and the people affected are those who are new to Bitcoin or investing in it, so some people take action based on the news they see.
There's a lot of fake news and rumors circulating, and it can't be stopped, but it all comes down to how we respond to them. I'm sure that for those of us who have been familiar with Bitcoin and invested in it for a long time, such news won't have any impact.

Rumors are one of the oldest tools in the financial world and crypto is no exception when fear spreads it’s usually amplified because investors feel the need to act quickly without verifying facts that’s why emotional reactions dominate during volatile times a single misleading tweet or headline can cause millions in liquidation within hours.

The truth is markets move because of multiple factors liquidity shifts institutional plays whale orders macro news and trader psychology connecting every small price drop to a rumor is a mental trap it leads to reactionary decisions instead of strategic ones and the people who fall for it are mostly those who haven’t yet built emotional discipline. The best approach is to always verify the source first and even then not to make decisions based solely on external news cycles long term holders and experienced traders focus on fundamentals and on-chain indicators rather than temporary noise over time you’ll notice that the market always recovers after panic news fades away while those who sold out of fear are the ones regretting it later.

[WatChe]

This happens all too often and the people affected are those who are new to Bitcoin or investing in it, so some people take action based on the news they see.
There's a lot of fake news and rumors circulating, and it can't be stopped, but it all comes down to how we respond to them. I'm sure that for those of us who have been familiar with Bitcoin and invested in it for a long time, such news won't have any impact.

If we hear any news these days then we can use internet to verify that news. There are many authentic sources that can validate a news, like in case there is a political event we can check that from CNN.com and in case of crypto, cointelegraph.com is very much reliable source. Never believe news that are circulating on social media.

For Bitcoin, there are scores of news and speculations on daily basis. It's up to us as a hodler on how to tackle these news. Since the price has gone down, the news are filled with negativity. If we follow these news then we can only do loss to ourselves.

[BALIK]

This happens all too often and the people affected are those who are new to Bitcoin or investing in it, so some people take action based on the news they see.
There's a lot of fake news and rumors circulating, and it can't be stopped, but it all comes down to how we respond to them. I'm sure that for those of us who have been familiar with Bitcoin and invested in it for a long time, such news won't have any impact.

If we hear any news these days then we can use internet to verify that news. There are many authentic sources that can validate a news, like in case there is a political event we can check that from CNN.com and in case of crypto, cointelegraph.com is very much reliable source. Never believe news that are circulating on social media.

For Bitcoin, there are scores of news and speculations on daily basis. It's up to us as a hodler on how to tackle these news. Since the price has gone down, the news are filled with negativity. If we follow these news then we can only do loss to ourselves.

News from mainstream media like CNN.com or cointelegraph is also not as reliable as you think. For political news, it is best to wait for official announcements or reports from government agencies. Mainstream media like CNN, BBC News, Reuters are sometimes inaccurate because most of them are not politically neutral. Some are run by Democrats, some are run by Republicans.

Similar to cointelegraph, they can also spread false news. Remember when ETFs were first approved? Cointelegraph spread fake news about the SEC approving BlackRock's spot Bitcoin ETF and then deleted all of their posts. That event sent bitcoin prices soaring but it also dumped shortly afterward, leading to the liquidation of thousands of investors.

https://cointelegraph.com/news/clarification-sharing-false-spot-bitcoin-etf-news

[Popkon6]

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.

Some people spread rumors and create Bitcoin price dumping, when the market is dumping, they buy Bitcoin in large quantities and hold it for a long time. However, the current market dumping is regular, the Bitcoin price is dumping. Now the Bitcoin price has touched $86K, the Bitcoin price will not always be high, but will continue to rise and fall. Since the bull run is at the end of the season, and before entering the bear market, it is normal for the Bitcoin price to be dumped. However, there are some rumors and some conditions in this, but Michael Saylor himself has clearly said that he will not sell Bitcoin.
Michael Saylor is regularly buying more Bitcoin through the DCA method, so the rumors that unique people are spreading are basically false.

[Agbe]

Snip

Some people spread rumors and create Bitcoin price dumping, when the market is dumping, they buy Bitcoin in large quantities and hold it for a long time. However, the current market dumping is regular, the Bitcoin price is dumping. Now the Bitcoin price has touched $86K, the Bitcoin price will not always be high, but will continue to rise and fall. Since the bull run is at the end of the season, and before entering the bear market, it is normal for the Bitcoin price to be dumped. However, there are some rumors and some conditions in this, but Michael Saylor himself has clearly said that he will not sell Bitcoin.
Michael Saylor is regularly buying more Bitcoin through the DCA method, so the rumors that unique people are spreading are basically false.

This is True with the dip that Bitcoin is experiencing in recent times, fake news has become a good tool in the hands of many. It's Targeted at creating a scenario where people will be deceived and cause panic which will eventually impact negatively on the price of Bitcoin. so that they can continue to accumulate it on a large scale. No body should give too much attention to what they see on the Internet space these days especially on social media platforms were there is no source to verify such information.

[8rch7]

I don't know why many people right now easily acceptable fake news about cryptocurrency and make easily price of market going down, not only about Michael Saylor sold $1 billion of MicroStrategy's BTC but also many kinds of bad news has relation with cryptocurrency easily accepting by every one to sell their bitcoin due panic moment. Firstly many top whales twitter and media of cryptocurrency make holder or investor panic to sell bitcoin after releasing bad news, I think we must filter if any top media about cryptocurrency publishing about bad or good news of cryptocurrency.
Don't easily accepting all news has relation with cryptocurrency without seeing that official surely release information or not? Nowadays many people take benefit by sharing bad news to buy back bitcoin or altcoin at lower price.

[Guccho]

Rumors are one of the oldest tools in the financial world and crypto is no exception when fear spreads it’s usually amplified because investors feel the need to act quickly without verifying facts that’s why emotional reactions dominate during volatile times a single misleading tweet or headline can cause millions in liquidation within hours.

That is where the real harm is created when the new investors make fast decisions basing on the news and rumours. They panic selling when the market is responding a bit and then they repurchase when the hype is on and all are confused.

I have witnessed it myself, fake news or a headline that accidentally scares people can easily put them off their feet. Seasoned investors tend to disregard it since they are aware that the market makes such sounds every now and then. But new investors believe that all that is left is to either get out or flee. All that matters in my view is to maintain a cool mind and think before taking a decision. The instances of panic selling that has not been fruitful are extremely few.

[Cgrexp]

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.

When fake news is spread and if the fake news creates fear in the investment market, many people will sell their investments for fear of financial loss. Especially new investors are afraid of the market falling and they easily decide to sell without investigating. Therefore, one should not be too emotional by believing rumors and it is everyone's responsibility to verify the truth before making decisions based on rumors.

[Hanadawa]

If we hear any news these days then we can use internet to verify that news. There are many authentic sources that can validate a news, like in case there is a political event we can check that from CNN.com and in case of crypto, cointelegraph.com is very much reliable source. Never believe news that are circulating on social media.
For Bitcoin, there are scores of news and speculations on daily basis. It's up to us as a hodler on how to tackle these news. Since the price has gone down, the news are filled with negativity. If we follow these news then we can only do loss to ourselves.

Fake news is essentially created to gain traffic and attention from the public by exploiting current viral trends. I agree with you that Cointelegraph is a trusted source of information, especially about Bitcoin and crypto. There are many Bitcoin and crypto sites out there that create fake news to gain traffic and monetize advertisers. Many novice investors have lost money because of rumors fabricated as news by fake news sites.
They monitor market conditions and then create news accordingly. When the market is down, they will publish negative news. When the market shows signs of recovery, they will publish news about the market rising.

[Velemir Sava]

Fake news is essentially created to gain traffic and attention from the public by exploiting current viral trends. I agree with you that Cointelegraph is a trusted source of information, especially about Bitcoin and crypto. There are many Bitcoin and crypto sites out there that create fake news to gain traffic and monetize advertisers. Many novice investors have lost money because of rumors fabricated as news by fake news sites.
They monitor market conditions and then create news accordingly. When the market is down, they will publish negative news. When the market shows signs of recovery, they will publish news about the market rising.

If the news comes from a newly created account, I'll ignore it. But if the news comes from an account with tens of thousands of followers, for example, on Twitter, discussing the BTC price and suggesting a further decline for various reasons, it's worth considering. If they're new and just replying and adding comments, that's fine.

We need to see how they interpret this issue and how the market will react to what they say, even though it hasn't happened yet. Because their statements must be proven, otherwise it will affect their electability. I remember when Peter D. Schiff, an American stockbroker, said you should sell BTC right now or you'll have to wait a long time for it to return to $100,000. At the time, the price was around $112,000, and that was true and indeed happened.

[Rabata]

If the news comes from a newly created account, I'll ignore it. But if the news comes from an account with tens of thousands of followers, for example, on Twitter, discussing the BTC price and suggesting a further decline for various reasons, it's worth considering. If they're new and just replying and adding comments, that's fine.

Fake news is usually shocking. Those news come to people's attention quickly. If a person can observe very well, then he will definitely understand which ones are fake and which ones are authentic. Generally, the news received from these accounts, which are new accounts or have less followers, can be fake most of the time. Moreover, after receiving any exaggerated news, one should not make a quick decision after seeing that news and rather compare it with other sources. If you do anything based on false information, the chances of losing will increase.

[juttsab@]

.. 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.

Yet people are quick to act on fake news because of FOMO (fear of missing out) or fear of losing a significant portion of their portfolio. There will always be bad actors who create fake news for their own self-interest, so make it part of your routine to double-check and verify the news, identify the source of the fake news, and assess their reputation.
It's better to wait for your favorite crypto media for the news; if it's big news, they always cover it for their followers.

To be honest, it is very common in the crypto world to spread fake news by exploiting people's fears and greed. Especially if someone spreads rumors about a big name many people sell out in panic without thinking. Even though the guy himself has repeatedly said that he will hold onto Bitcoin and buy more. In my own experience, FOMO and panic force most people to make the wrong decisions. So instead of jumping on the bandwagon it is very important to stop and check the news. If you see a site that is reporting the news and if they have reported something fake before, you can avoid many pitfalls.

I think it is good to have some media or analysts that you trust. If there is big news, they will cover it no matter what so there is no harm in waiting a little. If you make a hasty decision in crypto, the profit is less and the loss is more.

People always try to make fake news because they want to destroy the market to make profit from that and they want to buy Bitcoin and after hearing that kind of news many dumb people will sell their Bitcoin and have fear of losing money. People always try to make more money from financial illiterate people and if you have common sense then you will research on the News because you will get the real knowledge about that . The person for OP is talking, is a intelligent person and any intelligent person will not sell his Bitcoin because Bitcoin is powerful and we saw Many people who are riding BMW due to the investment in Bitcoin and they invested at a right time and now they are enjoying easy life .

[Hispo]

Those rumors and fake news are always targeted to the general public with a clear intention, in this case it is very likely those news were being pushed in order to shake paper hand investors by whales who sought to buy at even lower prices, below 90k.
In the worst case scenario, fake news are shared by news webpages themselves, in order to take advantage of highly leveraged positions on the future market.

In this era of artificial intelligence when one cannot longer believe what one is seeing on one's screen, we are not supposed to immediately take financial choices on news which have not even verified.

Information is power, so is disinformation.

[maknyos]

Those rumors and fake news are always targeted to the general public with a clear intention, in this case it is very likely those news were being pushed in order to shake paper hand investors by whales who sought to buy at even lower prices, below 90k.
In the worst case scenario, fake news are shared by news webpages themselves, in order to take advantage of highly leveraged positions on the future market.

In this era of artificial intelligence when one cannot longer believe what one is seeing on one's screen, we are not supposed to immediately take financial choices on news which have not even verified.

Information is power, so is disinformation.

They create fake news because they want to buy at a lower price, and they exploit the panic some people still feel, leading them to create such news. This is common in the cryptocurrency world. If someone is afraid, then that fear will be exploited by others. And when someone doesn't want to miss out, others will exploit it, and this is what we commonly call FOMO.
So, we must be careful with the news circulating, because nowadays, there is a lot of news with unclear sources that suddenly appears, and it often uses big names in the Bitcoin space.

[Oshio-man]

Those rumors and fake news are always targeted to the general public with a clear intention, in this case it is very likely those news were being pushed in order to shake paper hand investors by whales who sought to buy at even lower prices, below 90k.

This is the reason you don't need to depend on other investors information before you can do what will lead you to success, there are some rumors that will look like real and if you are not careful, you will begin t follow the wrong direction because you heard the rumors and you failed to verify to know if truly he sold his bitcoin or he is still accumulating bitcoin from the market, to me, I don't think the price is too high for investors to buy again because there are some investors that bought when the price decreased to $100k hoping that it will be the lowest in this season, but it decreased more in few days before the price begin to increase again to get to where it is now.

[woez]

This is the reason you don't need to depend on other investors information before you can do what will lead you to success, there are some rumors that will look like real and if you are not careful, you will begin t follow the wrong direction because you heard the rumors and you failed to verify to know if truly he sold his bitcoin or he is still accumulating bitcoin from the market, to me, I don't think the price is too high for investors to buy again because there are some investors that bought when the price decreased to $100k hoping that it will be the lowest in this season, but it decreased more in few days before the price begin to increase again to get to where it is now.

I've been following the news closely, and if I'm not mistaken, it emerged after the BTC price corrected to $80,000, starting with Peter Schiff's tweet, followed by other news reports that essentially indicated that major shareholders were selling BTC, including MicroStrategy, which will sell its assets in early January of next year, if I'm not mistaken.

That's right, and I agree with what you said above. Don't be too lulled by the news currently being widely discussed in the mainstream media about this. There are indeed two consequences if it happens or not. If it does, the price will exert significant pressure, although it won't last long.

However, if it doesn't, and MicroStrategy's owners provide further clarification or a denial, it will restore market sentiment to a positive direction, thus alleviating the panic. We also know that the market is currently very volatile and is quite quickly influenced by excessive market sentiment from market participants.

[Odusko]

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 must be joking to think that Rumors have the capability to affect the price of major cryptocurrency assets in the market like bitcoin,  he may or may not have sold a penny,  but that is his own business since no single  bitcoin holders have enough holdings to sigle handedly effect a change in the market like this one right here, what we have right now is market correction that is definitely expected even during the last bull market.

[spacelab]

If the news comes from a newly created account, I'll ignore it. But if the news comes from an account with tens of thousands of followers, for example, on Twitter, discussing the BTC price and suggesting a further decline for various reasons, it's worth considering. If they're new and just replying and adding comments, that's fine.

Fake news is usually shocking. Those news come to people's attention quickly. If a person can observe very well, then he will definitely understand which ones are fake and which ones are authentic. Generally, the news received from these accounts, which are new accounts or have less followers, can be fake most of the time. Moreover, after receiving any exaggerated news, one should not make a quick decision after seeing that news and rather compare it with other sources. If you do anything based on false information, the chances of losing will increase.

In digital era building strong network connection through media is as important as focusing on the good quality of the product. Maintaining your image or updating about your company it's mandatory to keep the customer in touch. Somehow new creators spread fake news to get attention but have you ever thought about Some time due to the severe competition when rival companies could not compete the competition. They usually did this type of stunt by using media or sources aim is just to  defame the other industry. Try spread fake news about the product or about the shares. To prevent yourself from this, one company has to build strong image in the market and should also have some control over the media Nd should have their own social channel, where they directly able to convey the right information to the customer about their product or about their shares.

It's reality, Fake news shake company's image, people behave differently with the product. It become very difficult for a company to regain their trust.

[Altryist]

Fake news is essentially created to gain traffic and attention from the public by exploiting current viral trends. I agree with you that Cointelegraph is a trusted source of information, especially about Bitcoin and crypto. There are many Bitcoin and crypto sites out there that create fake news to gain traffic and monetize advertisers. Many novice investors have lost money because of rumors fabricated as news by fake news sites.
They monitor market conditions and then create news accordingly. When the market is down, they will publish negative news. When the market shows signs of recovery, they will publish news about the market rising.

Even if you know that the news is not fake and has been verified, you still need to be careful with such news because you need to understand that it can be created in order to manipulate the market. You can look at Trump’s numerous statements about tariffs, and how strongly they affected the markets, and how often he said that these were only temporary announcements and that the tariffs would be introduced a bit later. In this way he created fluctuations in the market, that had a very strong impact on coin prices.

[iamsange]

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 must be joking to think that Rumors have the capability to affect the price of major cryptocurrency assets in the market like bitcoin,  he may or may not have sold a penny,  but that is his own business since no single  bitcoin holders have enough holdings to sigle handedly effect a change in the market like this one right here, what we have right now is market correction that is definitely expected even during the last bull market.

The rumor had an impact, but it wasn't a significant one. Those with significant investment capital certainly have a strong network of trusted sources. They wouldn't rush into action without definitive confirmation.

Rumor news is likely only consumed by a select few who have limited thinking and are overly panicked. I also believe the current price correction is irrelevant, as the individual in question has already openly sold his Bitcoin assets.