And as more countries are crafting their move to ban bitcoin and the cryptos in general, FUDing will be widespread even more throughout the crypto community which will cause panic and would lead them to sell their bitcoins at a very cheap price.
The ultimate aim of some people to spread rumors is to cause people's panic. They then buy bitcoin sold by panicked people at a lower price in order to increase their income. They already know that bitcoin will rise again after the Spring Festival.
I agreed with what you have said. This is so typical in crypto world.
My strategy is easy which is to hold BTC and buy more at such cheap price.