Bitcoin and Social Media Controversies

[Potato Chips]

LOL. There is so much BS on social media lately. I mean, there always has been, but it appears to have been worse as time pass by. I'm not sure if it's just the socials algorithm or there are more accounts with BS posts, or perhaps both.

Since the market is down, TBH I am expecting another wave of bitcoin is dead and it's all over sentiments as well. Brace yourselves for more FUD lol. It's usually time for the antis to rise up and get their attention lol.

[gibrab16]

Bitcoin and Social Media Controversies

Some are saying the recent fall was due to the release of the Epstein files, which also led to various controversies online among bloggers, influencers, and other Bitcoin users claiming that Epstein is likely to be Satoshi. This discovery was allegedly cited as the reason for the market falls.

Others are there saying that it was as a result of the US-Iran war, because they believed that the Middle East already sound a warning to US on the possible cost of launching the aimed attack on Iran, while Qatar is not allowing for US to mount on its airspace for such and the rest of the story, they also believed that this is part of the cause to the market falls.

As bitcoin community members, some believed that we were already in the bear season because the market was due to fall and create another opportunity for new investors to take advantage of buying the dip and invest in securing their financial future with bitcoin, even though this bear had come earlier than expected.

I want to remind us of the influence of social media a dbhiwnit could create more panic for the market I go more volatile than we already had, because alot are buying while there is more tension and fear of missing out as some were already selling in loss, while others are accumulating, this is such a period for us to hold and not be persuaded to act by the social media breaking news, Bitcoin has come to stay and can't be compared to ponzi schemes.

Keep on holding and buy the dip.

yea for sure media controls the way people think and act which is why the drop in bitcoin has happened. personally i think it was a mixture off all you have mention but people forget easily and the media will move on and bitcoin will recover like it has done before. i agree bitcoin is here to stay through all the controversies it people that get panic by the media and start selling off, new investors see an opportunity and take the risk. time will tell we will see 

[Vaculin]

It's very noticeable how every move or event of bitcoin is always accompanied by hypes or fuds coming from social media influencers. There are times it could be helpful, but most of the time its not because its already misleading and the social media has already become a source of spreading lies and wrong information.

Just imagine if some of the old members have fallen for this, how much more for those newbies wo have willingly risk their funds into bitcoin. This is very alarming, yet the best remedy for this is to be vigilant and cautious on what we supposed to believed.

DYOR is the key so we won't fall on their traps, and just focus on our goal on how to maximize stacking bitcoin.

[Ziskinberg]

Social media has become a second life for many internet users, but sometimes their absence can actually save their well-being. The news currently being published on social media is quite panicked and varied, and those who have only recently begun investing in Bitcoin, and have invested a significant amount, need to be diligent in ensuring the accuracy of each piece of information. Panic selling and the stress of what investors are witnessing will further encourage them to make mistakes, including the desire to recoup their losses through gambling, and, as a rule, further ruin. What should such people do? Simply turn off the internet for a while. Time will eventually put everything in its proper place.

It's a good thing to just turn off the internet for a while to avoid hearing news that could add more stress and lead to panic selling. Everything is not helping at all, and it adds more fuel to the antis to constantly attack bitcoin and ride with the current price dump of bitcoin.

Social media is supposed to be a stop-over to learn new insights, but with negative influencers around, we are getting deprived of this thing. A lot of bitcoin controversies are made from lies, not simply to attack bitcoin, but most probably to attack the bitcoin community where people have limitless faith for bitcoin.