Re: Guy we must stop crypto/btc FUD :( we need to start campaigne.
⭐ Merited by alyssa85 (1)
Many so called twitter/FB experts just spreading that btc will go to 3800-4200-4800$ just like that ,without showing any confirmations of the candlesticks,
And foolish followers updating on their timeline and retweeting their posts, so finally these leads to btc dump. when such kind of FUD spreads every where who will come forward to buy btc, all will be waiting for btc dump ,
And foolish followers updating on their timeline and retweeting their posts, so finally these leads to btc dump. when such kind of FUD spreads every where who will come forward to buy btc, all will be waiting for btc dump ,
People making these predictions are just being logical. They are looking at the fundamentals of bitcoin and seeing major problems. They are looking at the chart and seeing a CLEAR picture of a bubble that has burst and is currently collapsing. If you start a "campaign" to get people to make poor and irrational financial decisions such as investing in bitcoin, then you are most likely going to cause harm to anyone who listens to you.
1. Bitcoin can't scale, to the point that it will never be usable as a currency
2. Bitcoin is too unstable and volatile to be a store of value
3. There is tons of serious competition among alt coins, which did not exist in the past
4. Governments are cracking down on crypto
Why on earth would you look at these facts and still think bitcoin is a good buy? Nobody would think that, except for someone who already owns bitcoin and has likely lost a lot of money over the past month or so.