Beware the FUD!

mikepm74 (66)in #fud • 8 years ago (edited)

View this post on Hive: Beware the FUD!

8 years ago in #fud by mikepm74 (66)

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longcat (40) 8 years ago

I'd say beware of fake news. In my opinion, the crypto community should 'embrace' FUD when it's real news, facts, etc. It happens very often that legitimate concerns on some coin are brought up and people just dismiss it as 'FUD'. As an investor, you should embrace information from multiple perspectives so you can make informed decisions! :)

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mikepm74 (66) 8 years ago

So you think Kim Jong-Un created Bitcoin? I mean... wasn't he like, 12 in 2009?

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longcat (40) 8 years ago

No, it's fake news / satire. As I said, beware of fake news! :)

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charitybot (63) 8 years ago

Sometimes FUD isn't FUD and instead just new information and common sense combined. Crypto and bitcoin have seen huge drops in the past and have not sustained price after spikes. Obviously there's no chance the quoted story is true but the other info coming out in recent days is cause for worry, and if you've just been trading since December you might want to look into some of the practices of exchanges like Bitfinex and their association with tether and how tether influences price on the majority of the major exchanges.

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mikepm74 (66) 8 years ago

I did have an account on Bitfinex, but I let it go when they shut down US access. Probably a good call, though I was picking up EOS while it was cheap there. I am trying to learn as much as I can about the space, but there is so much to know. DYOR seems to be the best golden rule to figure out if the news is FUD or legit. That's a golden rule I can abide by.

But this silly story just needed to get some limelight. hahaha

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charitybot (63) 8 years ago

Good call indeed. Ya individual due diligence is needed and sorely lacking amongst many which is part of why so many of the blatant pump and dumps have been so successful. Definitely one of the funnier reasons claimed for bitcoins inception, that's for sure.

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caitycat (59) 8 years ago

I chuckled out loud. How crazy!!! I hope no one bites on that one!!!

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aussieninja (62) 8 years ago

I kinda hope they do... who wouldn't want another dip to try and get some cheapy BTC?

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caitycat (59) 8 years ago

Clever clever!!

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insideoutlet (58) 8 years ago

Lamo hahaha omg. Really people will believe anything sometimes. The downs can be very scary if your not I a HODL mindset. We still are like well if we were traders we could have made some money on the movements but it is just to stressful trying to figure out the inconsistent movements. Only thing that is for sure it's it will go up and down. Pre Christmas was another great fall that had all the newbies in a tail spin. Hodl all the way.

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