How to maintain a strong Bitcoin hand. BTC moves on from another FUD Friday! Annoying empty blocks

in #bitcoin7 years ago (edited)

Bitcoin experienced another FUD (Fear Uncertainty Doubt) Friday that probably scared off a lot of weak hands. As I said in Friday's video you need to prepare yourself for $200 drop days in the future. It will happen again. If you were not paying attention to the price then it is possible that you never knew about the Friday price drop. The best approach for long term thinkers is to not pay attention to the price every second of the day. Speculators want you to panic and will play off of negative events to weaken your hand. Some people are still trying to freak people out about Bitcoin because the ransomware attack is demanding Bitcoin payments. That does not make Bitcoin bad, weak, or worth of a panic sell. Why is a Chinese miner mining empty blocks when transactions have slowed down?

This Week in Bitcoin
Bitfinex- https://twitter.com/ARKblockchain/status/863220534095564801
The Bitcoin Group Show- www.youtube.com/watch?v=9l6efL2NDSw
Andreas Antonopoulos- www.youtube.com/watch?v=i_wOEL6dprg
Tel Aviv Bitcoin Embassy- https://twitter.com/BitcoinemBassy and
http://www.bitembassy.org/
Empty blocks tweet-
"We don't use AsicBoost on the Bitcoin main net, we just mine (almost) empty blocks for fun with 150k txs backlog."- @AntPoolBITMAIN" https://twitter.com/WhalePanda/status/863468424940466178
Bobby Lee Altcoin marketing/poll- https://twitter.com/bobbyclee/status/862684819779502082
http://zappl.io/
Apple BTC Tweet-
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Thanks Adam, add me. Can you do more reviews about steemit and how to earn more steem?

I talk about Steemit pretty often, you will just have to tune in more to the show. I try to post an episode here every day. Thanks

WhalePanda WhalePanda tweeted @ 13 May 2017 - 18:58 UTC

"We don't use #AsicBoost on the #Bitcoin main net, we just mine (almost) empty blocks for fun with 150k txs backlog… twitter.com/i/web/status/8…

bobbyclee Bobby Lee tweeted @ 11 May 2017 - 15:04 UTC

With recent bull market, people have been asking when will @YourBTCC add new digital currency trading pairs.
What do you suggest? Take poll?

ARKblockchain Chris Burniske tweeted @ 13 May 2017 - 02:33 UTC

Withdrawals > $50K now being processed by @bitfinex in $USD, could be another contributor to #bitcoin softness. Thx… twitter.com/i/web/status/8…

alistairmilne Alistair Milne tweeted @ 11 May 2017 - 07:52 UTC

As Bitcoin passes $30billion in total value circulating, remember that Apple could buy it all 8 times over with its… twitter.com/i/web/status/8…

Disclaimer: I am just a bot trying to be helpful.

Excellent advice, Adam!

Please keep hammering on the idea that for the serious investor, Bitcoin is a long term investment. I love your "Hold until 2020" meme! I've already been burned a couple of times trying to time its rise and fall - - and would have been better off just holding.

Thanks! Trading is not easy or everyone would be great at it. Not worth the worry or risk. If you believe in Bitcoin and you can just wait a few years you will be happy in the long run. 2020 is really not that far off.

Gotta love those weak hands!!

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