In my own journey in the cryptocurrency space the word "FUD" always pops along where it is like a party-pooper every time. So here we see a crypto or Bitcoin pumpin' along with altcoins and then boom! Elon Musk would TweeX, "But Bitcoin is energy hog, bad for the environment", then whoosh! Bitcoin took the elevator and went down or freaked-out and driven south although we know, it was the people who did that, i.e. selling and thus Elon's intentional/unintentional FUD had triggered mini-FUD to everyone's mind to run out to the nearest exit altogether at the same time and an explosion of FUD just happened thereby BTC's value for this example plummet into who knows where it will go.
We all know that there are big entities out there that can manipulate the market, they can make people to sell and then buy some more at lower prices. Then they create a pseudo good news about that particular crypto or even BTC and then sell at your face to profit. These entities are so powerful and we small people are their farms, they grab money from us because we are always susceptible of being manipulated. Although those powerful entities always remains in the background, we can feel their presence and one indicator of that are our emotions, to make us feel sad and worried and basically Fudded, to sell and forget about crypto and making us buy back and at that point we already have no money because remember? you sold! Now you might only can buy a bike and not a Toyota Highlux with snorkel. My unsolicited advice is to just chill especially for Bitcoin because you will always not go wrong in collecting and HODLing Bitcoin, it will bring you along the way up in long-term perspective.
Crypto influencers are also being made as tools by shady rug-pulling developers who would pay these YouTube influencers to sell you services to invest in or move you to buy cryptos that would soon go bust and leave you with a painful loss, regardless of that, you still watch these vultures in YouTube or in platforms that they use to bait you in buying what they want you to buy after which you are rug-pulled upon and leave you with an aching head contusion but it was your pockets that were aching after. So as a rule, if an influencer wants you to buy Bitcoin, believe him/her for that, but he is advertising to make you buy this shady service or crypto, then all of the time you will soon feel it with painful pockets. Just be wise, don't eat the whole chicken, throw out the chicken bones, beak, nails, feathers and the beak.
We are actually in the FUD season right now, in-fact the FUD years to be exact and we can just look at the bitcoin chart since its inception, yes I call it FUD because otherwise people will not sell more than buying it plus we can only have good news for BTC, where most of the news are bad for BTC with regards to its price, remember with just a TweeX from Elon? The years following peak of the regular Bitcoin halving are just generally FUD years for me because of its slow move downwards but it is just going down from the new high and only the continuous buyers of Bitcoin would eventually win because of the time-tested possibility of the value of Bitcoin going up almost indefinitely until world war 3, I am just doubting that any more miners would be able to survive for continuing to make blocks at that point nor anyone that would still be existing to trade it with nor anything to buy with it, and yeah, that sucks.
Eventually all BTC holders will die and leave their Bitcoin either be trapped or lost forever or if not the appointed heir will also spend or die too, these things will also make the value of Bitcoin get up in what we call unbelievable levels where a single Satoshi will cost enough to buy you a property and that is crazy right? It doesn't matter to me already because at that time I am already past way of being an ash and all the ten generations that past me after didn't even knew that I existed, forgotten, but maybe not because of the next, next, next level of technology from that point where maybe it will also not come.
We can only see FUD as a good opportunity to buy back in with regards to Bitcoin in particular because its value as we see it only goes up. Never mind the supposed crashes in many instances like what happened in the onset of 2020 pandemic, the bad news that the US SEC would always cause, rug-pulls and scams of some altcoins which caused great loss for the victims, and from that Fried man with kinky hair, the price of BTC will just rise and rise. I might say that buy BTC and forget about it, I mean just accumulate and then of course sell when the is already meeting your expectations which is certain to come unless you die and you family either has no clue or just not interested with all your fake money, again yes it could pretty much happen too.
Dɪꜱᴄʟᴀɪᴍᴇʀ: Aʟʟ ᴏғ ᴍʏ ꜱᴛᴀᴛᴇᴍᴇɴᴛꜱ ʜᴇʀᴇ ᴀʀᴇ ɴᴏᴛ ᴛᴏ ʙᴇ ᴛᴀᴋᴇɴ ᴀꜱ ғᴀᴄᴛꜱ, ꜱᴏ ᴘʟᴇᴀꜱᴇ ᴅᴏ ʏᴏᴜʀ ᴏᴡɴ ʀᴇꜱᴇᴀʀᴄʜ ʙᴇғᴏʀᴇ ɪɴᴠᴏʟᴠɪɴɢ ʏᴏᴜʀꜱᴇʟғ ɪɴ ᴛʜᴇ ᴠᴏʟᴀᴛɪʟᴇ ɴᴀᴛᴜʀᴇ ᴏғ ᴄʀʏᴘᴛᴏᴄᴜʀʀᴇɴᴄɪᴇꜱ.
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