Bitcoin Just Doesn't Give a Fuck About FUD Anymore — Price Still Soaring — Currently Sitting At 8.2k

In the not so distant past, bitcoin and alternative cryptocurrencies were under mighty influence of the news pushed onto us by mainstream and other news outlets. Whether it was positive or negative, any relevant, new, piece of information considering digital currencies would greatly impact their prices, according to the sentiment and weight the news carried.

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We've seen this in action countless times with one of the most prominent cases being the China FUD (threatening to ban bitcoin and ICOs). As soon as the information was out there on the internet, the news slaughtered the price of bitcoin which in turn caused all other coins to crash down The Huge Red Candles Abyss with it.

Nowadays, this effect has decreased to the point where news can barely move the price, unrelated to how impactful it is, it does not seem to have much of an effect on the price. Moreover, bitcoin specifically, has proven to be immune to FUD. As if years of being under the influence of news, rumors and misinformation, inoculated bitcoin against FUD and FOMO perpetrated by news outlets like Coin Telegraph and others alike.

I'll try to better illustrate how much bitcoin just does not give a fuck about FUD lately by exemplifying my case through a couple of recent events which will prove the soundness of my observations.

Binance hack

One of the largest cryptocurrency exchanges lost 40 million USD worth of bitcoin in a hack. News outlets across the globe go wild on the news, report the shit out of it till every single crypto enthusiast on the planet knows what went down.

Bitcoin doesn't decrease in price.

Tether/Bitfinex fud

Tether, the ticking time-bomb in the center of attention once again as Bitfinex (creator of Tether) lost acess to 850 million USD. Consequently, they used funds that serve as Tether's peg to the dollar (supposedly backing it 1:1) to cover the losses. Crypto news outlets worldwide pounce on the opportunity like hungry hyenas and deliver the most sensationalistic news to their readers.

Bitcoin doesn't decrease in price a single bit.

Congressman calls for an outright crypto ban

Brad Sherman, US congressman goes on a desperate rant in order to try and convince the rest of the Congress men and women, that banning bitcoin is crucial and necessary to preserve the ill-gotten hegemony of the dollar. Once again, everyone reports on the news, a whole lot of FUD follows along but bitcoin....

doesn't decrease in price!

In fact,

Bitcoin did the exact opposite. Increasing from 6k to 8.2k in the midst of the biggest FUD shitstorm in recent times, bitcoin has single-handedly proven that it will not be affected by FUD anymore. Shutting down all naysayers and disbelievers, bitcoin has evolved into a whole nother beast than it was before.

One that doesn't give a shit about what the word on the block is.

One that treads the path to the Moon unphased by FUD.

Key takeaway

Learn to become like bitcoin and don't surrender your reasoning to either FUD or FOMO. Both are equally destructive to your portfolio and neither one of those states of mind will ever bring you much success in life.

#BeLikeBitcoin