Past scare rumors (Fud) about Bitcoin that completely failed

[Kelward]

Right after Bitcoin creation there have always been doubts upon doubts whether it will survive or not, up till now Bitcoin is still here and it's adoption is growing stronger so we shouldn't be discouraged if any new FUD about it emerges from nowhere. Before everything that OP mentioned that were FUD that Bitcoin has overcome most of us thought that it was a Ponzi scheme in it's early days and that was why many people didn't buy it then when it was very affordable for everybody. Today we know better than to believe any distractions about Bitcoin because it has on countless occasions proven haters and skeptics wrong.

Anybody that is not holding Bitcoin today because of FUD needs to study the history and precedents till date so they won't be acting on ignorance because Bitcoin is clearly a store of value. It is ok if somebody decides not to be involved with Bitcoin because we all have our preferences but let it not be on the bases of FUD.

[knowngunman]

China comes three times on this list but the FUD did not work even in china because they are still amongst the bitcoin community top holders and enthusiasts.
How about the FUD from economic expert, investors and business moguls, many of they spoke badly and some are still speaking badly about bitcoin, all Fuds about bitcoin will fail.

To a great extent, I assumed the Op post is mainly on China FUD event and not global FUD in general.

Government and their agencies some times attempt to deliberately cause unnecessary panic in the market to scare away doubters. Some observers on the fence might attempt to jump in to just to take advantage of that period.

If you have faith in what you know and believe about Bitcoin, you should know when FUD agenda is being pushed and never rush to take sudden decision without weighing the up and down. Historically, no FUD event has succeed to have a permanent impact on Bitcoin and as usual, they will keep on happening and fail.

[CryptoYar]

More Bitcoin can survive these attacks, more time it is likely to survive them in future, and hacks and bans are just form of shot that will help network to develop some protection and make users be more careful. To my mind, these frightening experiences are quite welcome as they remove all those with short term interest and leave behind more steady group of long term believers, getting market ready to enter professional step we are entering. After all, panic that you have described has not brought progress to stop, just made system tougher and more global ready.

[tbct_mt2]

More Bitcoin can survive these attacks, more time it is likely to survive them in future, and hacks and bans are just form of shot that will help network to develop some protection and make users be more careful. To my mind, these frightening experiences are quite welcome as they remove all those with short term interest and leave behind more steady group of long term believers, getting market ready to enter professional step we are entering. After all, panic that you have described has not brought progress to stop, just made system tougher and more global ready.

Welcome or not, it's not important while the reality is such attacks are free to come, you can not prohibit or block them by any means. The thing is what could not kill Bitcoin over years, actually parts of things to make Bitcoin stronger. It's exactly what has happened with Bitcoin blockchain, its adoption over more than 15 years.

Bitcoin has become stronger than earliest years from its transaction volume, trading volume, and other adoption types. It has already passed most hardest tests and survived very well, and it has also gone to one of two scenarios thought by Satoshi Nakamoto.

Right.  Otherwise we couldn't have a finite limit of 21 million coins, because there would always need to be some minimum reward for generating.  In a few decades when the reward gets too small, the transaction fee will become the main compensation for nodes.  I'm sure that in 20 years there will either be very large transaction volume or no volume.

[pawanjain]

Here are five Bitcoin-related panic events that have caused significant market volatility and impact in the past, but have not been able to derail Bitcoin’s progress.

The events are listed below by approximate year:

1) 2013–2014 China Trap: In 2014, the People’s Bank of China (PBOC) banned Bitcoin trading.

2) 2015–2016: The following events created a situation where Bitcoin stocks were expected to decline, as well as its price: the Mt. Gox debacle, legal restrictions, and fear of regulators.

3) 2017–2018: Another “China Trap,” during which exchanges and advertising were banned for security reasons.

4) 2018–2019: Attempts to forcefully recognize Craig Wright as the father of Bitcoin, along with attempts to reduce Bitcoin's influence by launching a new coin called "Satoshi Vision" as an alternative version of Bitcoin, which later completely failed.

5) 2021–2022: News of China cracking down on mining due to environmental concerns and the risk of harmful effects spread.

When you see so many attacks happening on bitcoin, you gotta know that bitcoin is causing trouble for some people.
Obviously some of the government and the banks don't like bitcoin because they cannot control it directly and so they try to attack it.
Their attacks have obviously failed as we still see bitcoin outperforming the biggest assets and that shows us that bitcoin is here to stay.
The true believers will keep holding on to it because at one point when economy collapses, bitcoin will still remain and outperform the others.

[avp2306]

Here are five Bitcoin-related panic events that have caused significant market volatility and impact in the past, but have not been able to derail Bitcoin’s progress.

The events are listed below by approximate year:

1) 2013–2014 China Trap: In 2014, the People’s Bank of China (PBOC) banned Bitcoin trading.

2) 2015–2016: The following events created a situation where Bitcoin stocks were expected to decline, as well as its price: the Mt. Gox debacle, legal restrictions, and fear of regulators.

3) 2017–2018: Another “China Trap,” during which exchanges and advertising were banned for security reasons.

4) 2018–2019: Attempts to forcefully recognize Craig Wright as the father of Bitcoin, along with attempts to reduce Bitcoin's influence by launching a new coin called "Satoshi Vision" as an alternative version of Bitcoin, which later completely failed.

5) 2021–2022: News of China cracking down on mining due to environmental concerns and the risk of harmful effects spread.

When you see so many attacks happening on bitcoin, you gotta know that bitcoin is causing trouble for some people.
Obviously some of the government and the banks don't like bitcoin because they cannot control it directly and so they try to attack it.
Their attacks have obviously failed as we still see bitcoin outperforming the biggest assets and that shows us that bitcoin is here to stay.
The true believers will keep holding on to it because at one point when economy collapses, bitcoin will still remain and outperform the others.

But what happen after those attack happen? they didn't succeed right? Since Bitcoin manage to stay alive despite of those crazy actions and failed eliminating attempt by those institution.

That's good indicator that Bitcoin is so strong and have more greater potential than those bad narratives they are trying to spread.

So after all those things continue to prove that those people believe on Bitcoin always get the best benefits than those people hate it.

[OcTradism]

Open your eyes buddy: https://investigation.bitcoin.foundation/svg/bitcoin-core-intelligence-capture-map.svg

Store of value huh?

Bitcoin might be the biggest financial surveillance system ever built.

You mean about this accounting revolution with Bitcoin blockchain and it's right about that. From Private Record Keeping, Double-Entry Accounting to Triple-Entry Accounting, Bitcoin has actually made a revolution and changed the world.

Bitcoin: An accounting revolution.
Bitcoin and the accounting revolution that shook the world.

[Dr.Bitcoin_Strange]

In all these, Bitcoin is still soaring high and what I think to be the reason behind all that is because Bitcoin is a decentralized asset and the creator of Bitcoin is not also known, if Bitcoin was actually centralized and authorities had the power to contact the creator, telling him to freeze the Bitcoin of certain user's on their list, that would have been a flawed in the technology and most people would not have trusted Bitcoin as they are doing today.

[Bastketsrus]

These aren't "scare rumors". They were true events in Bitcoin's history. China did kick out Bitcoin miners in the past. It wasn't a mere FUD.  And it somehow shook the market. The same with trading. To this day, Bitcoin remains banned in China. That's not FUD.

The collapse of Mt. Gox wasn't FUD as well. It was a real terrible event in the past that made Bitcoin's price plunge. This was somehow similar to the fall of FTX.

The point is that Bitcoin survived all of it. Bitcoin grew stronger from all those unfortunate events. Hopefully, this reminds us that despite certain hiccups in the market, Bitcoin always recovers. Dips are therefore an invitation to buy, sale opportunities.

There were FUDs and there were actual events but it's interesting to see Bitcoin has survived through all these things very well and impressively. With time, Bitcoin has become stronger in its network security and bigger in its adoption, so with Bitcoin holders, they have done great jobs if they bought bitcoin and hold their coins from the past years until now.

True, some were real events and some were just FUD, but Bitcoin keeps surviving and getting stronger. Those who held through it all really made the most of it.

[Zoomic]

2026-2027: Quantum computers to threaten Bitcoin.

Seeing that all the FUDS above failed is making me believe that Quatum computer FUD might also fail.

Yeah, another likely a FUD that we'll not see in the nearest future. What might happen is that whoever said that like google will buy a bunch of it for themselves. But we'll see although.

Sure. I am optimistic because bitcoin has proven many times that it has a way to adapt to the any situation. It seems that there's no way, but we could surprisingly see a softfork that will fix everything

China is the country that gets the most bans but I think they are far more of a country that accumulates more during those FUDs. It's really to shady that they've been banning the currency for like every year but in the end will be lifted and I think it's not known as well on how much this country owns too. Well, those FUDs are now absorbed by the market and I think it wouldn't mean that much even if they ban right now.

I have never thought of this from this angle you came from. You mean China might deliberately be creating these FUDs in order to buy bitcoin in a discounted price. I think it is more than as you thought. This is political, like US is now the friend of crypto, so China will like to go different ways from US.

[tabas]

2026-2027: Quantum computers to threaten Bitcoin.

Seeing that all the FUDS above failed is making me believe that Quatum computer FUD might also fail.

Yeah, another likely a FUD that we'll not see in the nearest future. What might happen is that whoever said that like google will buy a bunch of it for themselves. But we'll see although.

Sure. I am optimistic because bitcoin has proven many times that it has a way to adapt to the any situation. It seems that there's no way, but we could surprisingly see a softfork that will fix everything

Yes, it has proven itself and had the fixes that it needs. And so if the time that the quantum computers will be a real threat to it, there will be an upgrade of it, softfork or however or whichever it needs to be done.

if Bitcoin was actually centralized and authorities had the power to contact the creator, telling him to freeze the Bitcoin of certain user's on their list, that would have been a flawed in the technology and most people would not have trusted Bitcoin as they are doing today.

If it's centralized all along, I think that it has already died long time ago. People will understand that everything is controlled and manipulated by a central authority.

[Myleschetty]

I'm shocked that you left out the FTX collapse in 2022, which sparked a lot of FUD about it killing Bitcoin and causing it to drop to zero.
In 2022–2023, there was also some FUD about Ethereum and other altcoins replacing Bitcoin and claiming that Ethereum would flip Bitcoin.

[topbitcoin]

I think actually they don't really intend to drop bitcoin directly but the fud that was created was just to make the market turmoil more pronounced because we can see the scheme that happened for example here is China when they implemented their rules on bitcoin then the market turmoil from the fud they did was felt so that they could take the preparations to buy and sell it at a high price. It happened several times and this makes me feel that they created the fud just to make some of us feel panic and sell holdings so that they can get momentum to buy bitcoin at a low price and sell it when the price has increased.

It's not a complete fud but it could be the way they treat bitcoin. Although it can be said that this is the most asshole way but they managed to get what they planned.