RE: Well folks I called it yesterday that the bear run looked like it was coming to and end...

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Well folks I called it yesterday that the bear run looked like it was coming to and end...

in bitcoin •  7 years ago 

as you said, more media fake news and regulatory headlines will still take us lower..i also haven't heard anything new on Tether..are we all content with knowing it's a scam and not doing anything with it? would love a consolidation at these levels but I think we still got some downside.

Thanks for the post @embomb701, you got a new follower.

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Tether is screwed my opinion, and we don’t need it in the news, if we like seeing the green prices

well, if it's screwed then all the liquidity it's providing on coin-to-coin exchanges is gone..if liquidity on 3 major exchanges is gone then we going to see more red.

then we better hide what they are doing :)

Well the regulation news I think will be good, if we get a little regulation, hen hedge fund managers can start using people money to buy Crypto. Now also all the FUD is actually a but good, hear me out... They say that their is no such thing as bad publicity, look at Paris Hilton, lol. But seriously, how often do companies get hacked and then their stock stays the same of goes up (https://hbr.org/2015/03/why-data-breaches-dont-hurt-stock-prices). Right now Bitcoin is being bashed and all of the people see it on the news and say "Bitcoin is Bad" but they get to know the name, then next time Bitcoin goes on a Bull Run now they know about it and will FOMO.
I hope the price does not go much lower, it looks like we will go sidways at least until Chinese New Year on the 16. Thank you for the Follow, I am following you back friend.

I agree with you on raising awareness but it would help if the media coverage was objective..in December they were writing about massive overnight gains and now it's all FUD. why is no one talking about underlying technology and utility of some of these tokens and the implications they will have on every part of our lives in like 5 years?

Yeah, the powers that be are intentionally using their influence to drop the price. You think the Rothchilds and the Rockefellers want people like you and me no longer needing banks for transfer and worse still for loans?