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RE: FAKE CRYPTOCURRENCY NEWS - Trust Yourself
I’ve noticed a lot of FUD, which seems to me to be orchestrated to coincide with the expiration of the Bitcoin futures. The latest was the reports that owning Bitcoin could soon become illegal, because child pornography was found on the blockchain. This later turned-out to be completely misleading and none of the pictures in question could be described as remotely illegal. The media outlets were however happy to pass this story around. I’m just watching to see what fake news comes out a few days in advance of the next futures expiration on the 18th April. I’m sure the Binance “hack” will also be wildly misreported.
Excellent observations. I wouldn't be surprised if your predicted correlations turn out to be correct.
Thank you. I'd be delighted, if I were proved wrong, but I can't help but notice the correlations mentioned. On the plus side, the futures could take on a more bullish outlook and, from what I've read, Hedge Fund managers are talking more positively about the outlook for Bitcoin this year. We can imagine the kind of people they're talking to and the kind of inside information they have access to. A few months back, I remember a HFM, whose name escapes me now, saying that he thought BTC would fall to $6k and at the time I thought that seemed unlikely. Now, as I say, they are talking more positively, so I just hope my comments turn-out to be redundant, but it's a pattern that seems to me to be repeating itself so far this year.