Wondering What FUD Is? Just Read Mainstream News.

in #crypto7 years ago

It is true, Bitcoin did go from almost $20K to fall below $10K in less than a month, but that doesn't mean that the entire crypto space is a scam and failing. 

(Source)

Of course it isn't... but if you read the news, they will want you to believe that it is collapsing and people are running away.

Look at this article that was posted on the Sun.

The very next sentence talks about how Bitconnect shut down and how people are losing their money. The funny thing is, the author made no reference about Bitconnect or explained the situation. It was just added to make it seem that the market is in terrible trouble.

People are pouring out of crypt to buy more reliable investments like gold. lol Come on. This is all crap. The market has gone from $100 billion over the summer to over $500 billion right now. How are things so bad? 

When I searched Bitcoin on Google News, look what came up.

One article says that Bitcoin could fall to below $1,000 in a year. HAHAHAHAHA What is that guy smoking? I bet it's that good legal stuff in Cali. 

Anyway, this is just ridiculous and it isn't working. More and more people are gravitating to crypto when they realize they can be their won banks.

One last point... and this is funny. Look at the last two sentences of the Sun article.

"The largely untraceable Bitcoins are beneficial to criminals who can use them to buy drugs and weapons on online black markets on 'The Dark Web'. They are less useful for everyday consumers who cannot buy goods or, say, invest in properties using the cryptocurrency."

Whoever this guy is, he clearly doesn't do his research. This is just FUD. Don't be fooled.

What do you think? Is the Sun article right or is this just FUD?

Let me know your thoughts in the comments below.

FUD - Fear, Uncertainty, Doubt

Thanks for reading.

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Yeah its a shame. Especially for those of us who got tired of scraping together what was left of our monthly salaries into shitty savings accounts that barely make it worth your while.

"You were thinking of trying to retire before the age of 68? Sorry but that just won't do, we need you to support our burgeoning NHS."

Coupled with asshats like this being in cahoots with the media, its def a shit tonne of FUD till they can figure out an angle to make money off of it, whilst keeping the rest of us joe-regulars in our places.

https://www.mirror.co.uk/news/politics/posh-tory-mp-jacob-rees-11021465

Sorry for the language, but I f@#cking hat dickheads like this one.

I really don't mind regulation, and paying my dues. In fact I think if you cash out big, then you owe it to society to pay back into the system. But don't cripple something out of fear and confusion, that you don't understand. When the majority of people are in it just to try and get a little ahead in life.

That is an awesome reply. I agree. I get why thy are trying to spread the fear. They did the same thing when the Internet came out and look what happened. lol. You are right though, I'm just trying to get a little ahead in life. I'm not delusional to think I'll be a millionaire because of my $2000 investment into crypto. Thanks for the reply, you got a new follower.

Cheers bud, likewise. Yeah I'll be happy if what I've put in pays off a chunk of my mortgage down the line. That's about it for me. I do have a couple of coins earning passive returns, and hopefully those net a nice little return compounding at 10% or so for the next 15 years.

No gold plated lambos on the horizon though.

Look at Kucoin btw, I signed up a couple of days ago, earns you a little dust on all of the trades for holding KCS. Not much but you never know.

It's easy to scare people looking to make a quick buck who don't do real research. Unfortunately it's F*ing the market for the rest of us right now HODLing...

I am in a holding an buying phase right now too. I think it is the best move. I agree, if you want to be your own bank, you better do your own research. lol Thanks for the reply. You got a new follower.

My pleasure. And thanks for the follow! :) Safe and profitable trading to you!

Well surely newbies in crypto will have cash out and the sun news is right for them but with hodl like me ,we know the market will rise well again and or that guy saying btc is coming to 1000$ ,what his smoking is not legal. Lolz

lol, thank for reading and you are probably right about not being legal. I mean, I don't think anyone can predict the crypto markets, but Bitcoin $1000 doesn't seem possible unless something dramatic happens all of a sudden. Thanks ro the great reply. You got a new follower.

thanks followed back

I think Bitcoin is Unstoppable @walkingkeys

It is strong. It will take a lot to stop it, until quantum computing, but that's a different story. lol Thanks for the reply and for reading my blog. You got a new follower.

Thanks bro I follow you and Upvote your posts lol

Nice post thanks for sharing @walkingkeys

You are welcome! you got a new follower. Thanks for reading.

The Sun is a notorious rag. It's a paradox in that it's a newspaper with no news. It's the literary equivalent of a lunatic standing on a box banging a pan with a rock. It's unfortunate that publications like this have such sway - in general, not just for Bitcoin.