Bitcoin and Social Media Controversies

[Nathrixxx]

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.

[Yaunfitda]

Or we are just at the start of the bear market, doesn't matter if there are some media outlets or accounts that create this kind of FUD. Bitcoin still goes on the traditional 4 year cycle starting this year and up to 2027. And for all we know we haven't seen the lowest low of this bear market. So we really need to just understand how everything works. On the contrary, this is the best time to start our accumulation phase. You don't have to listen to those entities spreading false and negative news. For sure they have their narratives behind, for clicks and noises. But for smart investors, it doesn't matter. What's important for us is to see where this market is going and then take that opportunity to buy as the price is on a decline and look for the bigger picture. And just remember this, https://bitcoindeaths.com/. Bitcoin has been declared death many times in the past and yet we bounce back.

[Thrower8729]

It honestly feels like a psyops to discourage all retail from Bitcoin. Yes we have a normal bear cycle but these news about Epstein and Bitcoin are ridiculous. Its like saying the HTTP protocol is used to distribute CSAM so we must boycott and ban it

[bitterguy28]

Keep on holding and buy the dip.

no matter what the reason is, bitcoin will still recover. that may be in a few months or years but i have confidence in bitcoin to recover either way. there could be various reasons why and some might seem believable or some might be too outrageous (like epstein being satoshi lol) but whatever it may be i will still buy btc

[melinoe]

It honestly feels like a psyops to discourage all retail from Bitcoin. Yes we have a normal bear cycle but these news about Epstein and Bitcoin are ridiculous. Its like saying the HTTP protocol is used to distribute CSAM so we must boycott and ban it

FUdsters gonna FUD, unfortunately.

Our job is to just skip such narratives.

[Hewlet]

Keep on holding and buy the dip.

no matter what the reason is, bitcoin will still recover. that may be in a few months or years but i have confidence in bitcoin to recover either way. there could be various reasons why and some might seem believable or some might be too outrageous (like epstein being satoshi lol) but whatever it may be i will still buy btc

Every time there has ever been a DIP, there are always people who try to relate it to something and while it is possible that some of those things might have an element of truth in them, the majority of them are just a product of their emotions getting the better of them. social media survive based on trend and for a big thing as bitcoin that is currently experiencing her downtime, there is no way it will not become a major subject of discussion because a news about bitcoin at this point has the ability of leading to massive reason which is what the social media users feed on.

[henry_of_skalitz]

Every time there has ever been a DIP, there are always people who try to relate it to something and while it is possible that some of those things might have an element of truth in them, the majority of them are just a product of their emotions getting the better of them. social media survive based on trend and for a big thing as bitcoin that is currently experiencing her downtime, there is no way it will not become a major subject of discussion because a news about bitcoin at this point has the ability of leading to massive reason which is what the social media users feed on.

Weak hands need to die in order for strong ones to hodl through. It's a simple structure both of the mindset and the market.

[JeromeTash]

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.

There are so many articles pointing out that Epstein had no connection at all. It was just someone who created a fake document, maybe so that it could go viral
Also, signs of the bloodbath started way before the release of the Epstein files. People will just do about anything to taint Bitcoin's image.

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.

How come there was no dump when Israel bombed Iran, Israel bombed Qatar, Iran bombed Israel, the US bombed Iran, and Iran attempted to bomb a US base in Qatar?

[Shadiq]

Such events are normal in daily life, we cannot connect the market with any event when we see a recession. We see many people who try to connect real events behind every decline. Basically, if we Bitcoin users are not affected by these events and trade Bitcoin like normal days, then maybe Bitcoin is not affected by the effects of these events. Basically, fear and collapse of demand are affecting Bitcoin. I am moving forward based on my current belief, real events are limited to reality.

[macson]

I don't think that news like that really affects the price of bitcoin because until now the news is just speculation and there is nothing that explains that Epstein is related to bitcoin. Current market conditions are being further pressured by the uncertain global geopolitical conditions, coupled with macroeconomic sentiment which has really pushed the price of bitcoin to a low point.

This is actually not something that needs to be so feared because this is already part of the market cycle and there have been so many predictions that this year Bitcoin's price movements might be corrected sharply, but it is still not something that is that catastrophic.

Just wait for market conditions to recover again and then print a new ATH.

[vanesha]

I will continue to think positively about Bitcoin, and I am not surprised by the current situation, because it is clear that the market has shown bearish prices since its collapse at the ATH price, this kind of thing has also often happened in previous years, the 4-year cycle is still valid, old people will understand how to take action

[Rashlyowl]

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.

A veteran talks to me about BTC & market conditions. He told me not to believe influencers who claim to know the market & its future, because all of that is a lie from them. However, if the price of BTC falls, it is only temporary & the price will eventually rise again. Nobody knows when it will happen, all I know & he told me, I have to believe in BTC. By the way, the price fell to $62,000 today & then rose back to $70,000.

[Saltysugar99]

This kind of rumor has been around for a long time. Rumors may have been spread in different ways at different times. Now people spend more time on social media. And what I notice is that most of the news on this social media is false and fabricated news that has no basis in truth. And even after people know this, after seeing the same thing again and again, they go to a stage and think it is true and decide. And now this has happened in the case of Bitcoin too. today Bitcoin has started increasing. Now Bitcoin has crossed 70k. That is why we should take time before taking any decision.


https://academic.oup.com/heapro/article/40/2/daaf023/8100645

[Obim34]

Keep on holding and buy the dip.

Some news can affect the price of Bitcoin, fall or pump, although not every news or rumor. We as Bitcoiners enjoy linking too many stories or narratives to whatever happens to the price of Bitcoin, this Epstein case is not the reason for the sudden crash earlier on, is it the first time we are experiencing such a crash within a short period?

Linking any story as a reason for the sudden fall, it has to be concerning the bear market, I've always thought of this year to be a bearish season, in the shortest time, it's already looking like it.

[BIT-BENDER]

Or we are just at the start of the bear market, doesn't matter if there are some media outlets or accounts that create this kind of FUD. Bitcoin still goes on the traditional 4 year cycle starting this year and up to 2027. And for all we know we haven't seen the lowest low of this bear market. So we really need to just understand how everything works. On the contrary, this is the best time to start our accumulation phase. You don't have to listen to those entities spreading false and negative news. For sure they have their narratives behind, for clicks and noises. But for smart investors, it doesn't matter. What's important for us is to see where this market is going and then take that opportunity to buy as the price is on a decline and look for the bigger picture. And just remember this, https://bitcoindeaths.com/. Bitcoin has been declared death many times in the past and yet we bounce back.

I believe social media will always have it's own ideology. When a question is brought up it creates room for answers and some answers can just be to make a propaganda to prosper.
Bitcoin price has been declining before the year started and the question has been why , and as Bitcoin decline further the question gets louder and consistent. The Jeffrey Epstein files brings they type of controversial answer social media loves to play, that's my thoughts on this.

[xbetz.io]

In my opinion this looks like a combination of short-term sell pressure and macro uncertainty rather than anything fundamentally breaking. Large holders distributing, exchanges rebalancing liquidity and leveraged positions getting flushed usually create exaggerated moves like this. We’ve seen similar behavior multiple times in previous cycles. Bitcoin tends to move hardest during periods of fear, especially when sentiment flips quickly. Historically these phases don’t last long compared to the broader cycle.

[livingfree]

The fall isn't due to the Epstein files. All of the markets have dropped significantly so it means that there's a deeper reason to that.

I don't think that someone being exposed and given those proof of their guilt will make the market shake so much.

The demand is due to the force that's from several markets and so, this means that a huge entity or corporation or even a country have sold.

Do we get a clue from that? no. But with the warmongers and triggering of wars, it seems that there's a need for funding to do that. Thus, the market corrected.

[liuka]

All the points you said about the decline in bitcoin price are all true, yes of course some people cannot help but panic if they see the current war situation and also the latest news from Epstein, especially this news has involved many big figures. And the fact that bitcoin is a speculative market makes the market cannot help but be affected by this kind of news. But those who lose are those who play short-term or let's say trading. This is one of the reasons for the decline.

[Cookdata]

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.

There has been some FUD between Binance, CZ and some influencers about the bad things CZ has done in the last couple of years. Are they right? I can't say but numbers don't lie in crypto. People has stop listening to online Bitcoin critics but you see the recent allegations, Binance and it's cycle has done has cause a lot of damages to many investors, they art hurt by Binance force liquidation and now there voices are heard which is affecting the market.

Even this one will stop, it's just time and I like the fact that Binance cycle that has been manipulating the market are getting exposed. One thing I like about X, you can lie to people but evidence doesn't lie, those guys has made people to lose money, that's what they have been agitating for, if it's this particular one I support this Binance agenda.

[Patikno]

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.

From the past to the present, there have been many names of people suspected of being Satoshi, but none have been proven to be Satoshi in the end. The person who was recently suspected of being Satoshi also has no indication, or concrete evidence regarding the allegation. Epstein is known to have died in 2019, and if he were Satoshi, then he should have moved his wallet containing Bitcoin (if it were true), but in fact, during Epstein life, he did not do so. I do not believe that Epstein is Satoshi. Epstein is a selfish criminal, while Satoshi is a selfless revolutionary. How could those traits be combined? So, I do not believe at all.