Re: Hilarious FUD article about Bitcoin of course being doomed
This is too funny.
Author tries to argue that at this point a single bad piece of news will destroy Bitcoin and the entire crypto market. Says Bitcoin and the whole market's time is done. Any bad news he says, even a piece of news that doesn't seem that important, will suddenly send the market into a downward spiral from which it will never recover.
One of my favorite parts is when he says its impossible for anyone to claim to be an expert when it comes to the crypto market (in fact he calls it mind-boggling and just plain ridiculous)...in an article in which he says he is sure the market is about to collapse for forever simply because he believes the hype is over. The article is title "This spells doom for bitcoin" and yet there is no "this" in the article other than him thinking the hype is over and something about volatility in traditional markets being down.
The good news is we can put his ridiculous premise to the test very soon! If the entire crypto market doesn't collapse in on itself on the next piece of slightly bad news then he's proven wrong. Shouldn't take more than a couple weeks
Just wanted to share this hilarious piece of FUD with you all.
https://seekingalpha.com/article/4166851-spells-doom-bitcoin?auth_param=1ehdal:1de6d9r:998a4d45efa366c6d3a89b51e4cd2bfc&uprof=45&dr=1
Author tries to argue that at this point a single bad piece of news will destroy Bitcoin and the entire crypto market. Says Bitcoin and the whole market's time is done. Any bad news he says, even a piece of news that doesn't seem that important, will suddenly send the market into a downward spiral from which it will never recover.
One of my favorite parts is when he says its impossible for anyone to claim to be an expert when it comes to the crypto market (in fact he calls it mind-boggling and just plain ridiculous)...in an article in which he says he is sure the market is about to collapse for forever simply because he believes the hype is over. The article is title "This spells doom for bitcoin" and yet there is no "this" in the article other than him thinking the hype is over and something about volatility in traditional markets being down.
The good news is we can put his ridiculous premise to the test very soon! If the entire crypto market doesn't collapse in on itself on the next piece of slightly bad news then he's proven wrong. Shouldn't take more than a couple weeks
Just wanted to share this hilarious piece of FUD with you all.
https://seekingalpha.com/article/4166851-spells-doom-bitcoin?auth_param=1ehdal:1de6d9r:998a4d45efa366c6d3a89b51e4cd2bfc&uprof=45&dr=1
He clearly doesn't know what he's talking about.
Bitcoin markets are cyclic in nature, and obviously there will be bear and bull markets. Anyone sees that. Certain events does affect bitcoin prices in the short term, but no way are they going to "destroy" the entire market.
Again, the hype that he talked about has indeed died down, but that does not affect the long term adoption of bitcoin at all. It's literally just a bull market coming to an end, jeez. Nothing more than that. I don't think the author realizes that in a bull market, people get hyped up, and in a bear market, the hype dies down. It's completely normal, and will eventually recover once the next bull market comes by. Honestly, just ignore these articles as they clearly have no substance to them.