Bitcoin and Social Media Controversies

[Agbamoni]

This is the first time such a thing has happened. I think the fall has nothing to do with the Epstein files specifically, but rather the fight against the Trump administration. The reason for the release of the Epstein files was to blackmail Trump or accuse him of illegal doing that may ruin his administration. Epsiten is not the first man to be accused of being Satoshi, the news dont sound like one that will have any effect on the crypto market. I wonder what the world is turning into, now every single political affair will affect the market drastically. Maybe Bitcoin is losing its decentralisation gradually, and we, the enthusiast are doing nothing about it.

[Nahl]

Social media influence is quite large currently that because when bad news happened social media can spread those news rapidly just like Epstein scandal that since this news appears to the public suddently market crashed but indeed Epstein could be the trigger why the prices suddently fall even within overnight bitcoin can dropped to range 63k but i don't think we can blame this scandal because in fact this is bitcoin that according to the history bitcoin has been through an the storm several times even if i am not mistaken on 2018 bitcoin has lost it's value 80% since new peak on that year but eventually bitcoin can survive until this year and as the bitcoiner to faced the current bear market is just hodl

[lovesmayfamilis]

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.

[hd49728]

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.

During market crashing times, reading more news will easily make people are more uncertain, fearful that can result in bad decisions. If they don't read news, don't check the price chart, they can simply enjoy their life and even several hours later, the market will recover a little bit or very well. It at least reduces risk of panic sell around lowest price during the crash, and when people return after a hangout, a holiday, they will have less loss than if they sell bitcoin during the crash.

News is used in the market to make price movements likely logic but we know news is only used for manipulations. Without news we will feel the market movement is very unreasonable but with news, even FUD, we will see it very logical and reasonable.

[Nathrixxx]

Let's not forget that the same social media you're talking about could be a reason to easily get informed about what is going on around the world and at the same time be a trigger to misinformation and cause market panic that people begin to exercise fear of missing out and fear of uncertainty demand to sell in loss, all because of what they are hearing from the social media about bitcoin and what may happen next, we can see from the story above that many have been attributing this man called Epstein as decorator of Bitcoin which is satoshi himself and that alone is misleading.

[The Cryptovator]

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.

I can write anything on social media; it doesn't mean I am telling the truth. Anyone could express their own opinion; in the same way, I can express my opinion, but I cannot impose that opinion on others. I do believe too the recent dump would probably have happened due to Epstein. But I don't believe the person is the same person who created the Bitcoin. It's my belief; it might be wrong as well since we haven't imagined something like Epstein coming in front of us.

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.

I don't think the current dump happened due to war. There was even attacks but we haven't faced any significant dump. Even still ongoing war Russia and Ukraine but doesn't affect Bitcoin to break ATH.

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.

No way to ignore that we are already in bear market. Unless Bitcoin attempt to break previous ATH at least I won't consider any bull market. Bitcoin often give opportunity, we all just need to read it and accumulate.

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.

If any FUD come from biggest influencer like Elon musk or Trump then we will have to see more dump. Otherwise we will stay on bear market for a few days.

[BTC_pokaop]

Most of the news on social media is fake and should not be believed. They will present various reasons but these are not real. How can the Epstein files be Satoshi? Is there any reasonable evidence about this? So stay away from believing them, otherwise your investment will not be safe, because if you believe such news then you will not be able to keep your mind calm. Remember that the price of Bitcoin has been down more than this in the past but has made a new ATH again. So there is no reason to get confused here, try to accumulate as much Bitcoin as you can, just HODL.