Blood on the streets in crypto land
There has been a strategic release of articles designed to create FUD
(fear uncertainty doubt) and the effect is evident when we glance at this coloured overview of crypto land provided by https://coin360.io
Not much to invest in right now except ICOs, though the green will find it's way back into this picture when the mainstream media is done with its FUD and some might say now is the perfect time to invest!
Three days ago BTC started plunging again when the following three articles hit the news at the same time:
The U.S. SEC published this:
Bloomberg topped this off with the suggestion we will see further decline:
And last but not least Reuters pushed this one out in the same moment:
Do you see how the FUD machine is controlled?
Here is a more positive article from an unlikely source in the form of Steve Bannon, former aide to Donald Trump.
Provided by https://www.coindesk.com
He sums up our current predicament rather well:
Central banks are in the business of debasing your currency. Central governments are in the business of debasing your citizenship. The central technology conglomerates are in the business of debasing your own personal sovereignty and your own personal data. Steve Bannon
It's a great article if you're not interested in reading FUD ;)
https://www.coindesk.com/steve-bannon-crypto-revolution/
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I’m wondering when it will be the bottom before we see any green and sunny day
I keep saying... NOW. But then it just keeps on going south.
How about now??? ;)
March supposed to be a bull month still 22 days to go tho.. time will tell since all these markets can do a 180o turn in a couple of hours ! Thats the magic right ?
By the way here an article with some more infos about Tokyo whale and all that Mt GOX AIDS story
http://www.coindaily.co/2018/03/08/meet-the-man-responsible-for-the-latest-bitcoin-price-crashes/
Now lets all breather keep calm and hold our bags ! Or even other people bags !
Many thanks for the link. Good to learn as much about this as possible...
It's remarkable how coordinated it truly is. And sites like Coindesk are the absolute worst. Just FUD after FUD....They are scared and they know how damaging crypto will be to what they control.
And they own mass media so...It makes for a rotten combination.
The more of this news that gets spread around, the stronger I'm holding and even buying more LOL
Thanks for this info. Wasn't aware that Coindesk was controlled like the rest...
It's bad man. Just FUD after FUD, during the last dip they just spewed everything negative and rarely mentioned all the great things happening in the space. Sad but expected. lol
The bitcoin whale selling on behalf of Mt Gox is the big one for me. That’s a huge amount of BTC to be dumped within a downtrend and even more to come. At least now we know it will begin to be priced in which should stabilise things. When it does in fact all get accumulated by the wider market, and mark my words it will, the BTC market will be healthier for it. Chill! 😎
I’ve given you a follow and will hopefully see you around. Nice wrap up mate.
Thanks. Have followed you back. Am new to this and looks like you've had far more experience than myself ;)
I agree with you 100% on that. It will go back up, this is just temporary and perhaps part of the scare tactics. But we dont scare easily , we just carry on as normal and bide our time!
i always feel my sig is too large until i start checking other steemers posts lol ...
As far as i know the whole cryptotrading economy has been driven on fud and hype ... hype it up ... wreck it down since its not backed like fiat by the daily spending of joe slob up unto megacorp. BTC goes up everyone goes crazy starts writing about it, then someone finds an article about government regulation and the panic goes viral ... profits are taken, the whole market "crashes", its the end of the world and a month later it just goes back :)
i think its a bit too much lately, everyone wants their own currency, ICOs all over the place . Statistically looking at how many startups actually succeed in staying above water within five years that means there's a lot of money that will be invested where someone will run off with to some tropical sands to go drink coctails ...
but i agree its probably best to wait until the storms subsides and actually personally im such a bum i dont have to worry about losing money i invest
cos i dont have any hahah
(check out bitpandas overlapping system to pull some blockchains together btw, i think thats the way to go before there's an information singularity and no one know whats going on where, like in an appstore lol)
haha! Yes, love my crazy crypto CV I tack on the end these days ;) Though it could really use with an update.
Agreed the ICOs seem to be popping up in every field now. Have read a little about bitpanda & Panthos and for sure multi blockchain access looks promising.
When the inevitable resurgence comes I am sure you will eventually find yourself with investment money assuming you are making a little steem from time to time...
very nice wrap up my friend, keep them coming bro
Thanks bro! Always enjoyable to get a bit of encouragement here as I'm still a total beginner really.
Wow you a beginner? what is left for me? hahah I've learned SO much from you.
Depends on which side of the fence you are at during a major FUD, some traders want the price to go down drastically to buy at a cheaper price.
I was waiting for Bitcoin to go down so I could buy at cheaper price.
That is very true my friend. Not a bad time to buy in... assuming we are at the bottom!
Why, you think BTC can go further down? Now, it is around $9.2k
Personally I feel as if it will be uphill from here but not all members of my trading group agree. If the Mt Gox connection is true further sell offs may happen just when things are looking promising again...
Would you please check this:
https://steemit.com/bitcoin/@honarparvar/bitcoin-double-top-pattern-will-hit-usd6000
checking now...
Thanks ;)
Thanks sam, it means a lot to me :)
There are so many articles trying to spread the FUD daily it's hard not to think it's hard not to believe it is coordinated
Agreed. The timing seems far too coincidental. Just after BTC breaks a trend line, along comes all the FUD to keep it going south.
It’s funny how none of these articles says anything too detrimental but the headlines are meant to scare.
I don’t expect myself to fsllcin love with Banon but might as well go look and see what he hasn’t to say.
haha! for sure there isn't too much love being felt, though he does seem to have a grasp on the bigger picture.