 | Seems like every month there's some scary rumor about some upcoming bad news, some big wallet about to dump, something happening with China, some regulation, or something that's about to doom the crypto market, and send us into a collapse. Then a week later, we go on a rally. The whale wallets dumping:Remember those posts that promised a big crash or major dip, from a whale wallet that was supposedly about to dump a massive amount of coins? The most recent ones are these: 22K BTC about to dump on the market! It's good to know these things, and it was nice of OP to inform us about this. But here's what really happened the following days: Again, no dumping happened. And a nice redditor explained what happened: https://np.reddit.com/r/CryptoCurrency/comments/w3mn8k/whale_3_is_tricking_everyone/ And another one... Again, no price collapse. The "brutal" week:The latest one was this week, where we were promised the ultimate bear bomb, with the perfect storm of FUD (remember FUD doesn't mean fake, it means something that causes fear/uncertainty/doubt in a market) with Fed rates, CPI, GDP, and earnings. All expected to be bad. And for the most part, they were pretty bad. But we didn't get the crash or bloodbath that was promised, we had a very nice pump. China:There's a ton of classics we get almost every months. The one we probably get the most is China. Whether it's a ban, or some real estate mega company collapsing. Remember when the ban on Bitcoin mining took effect in June 2021, and the hash rate began to drop that month? By the end of June, Bitcoin was beginning to have a significant drop in hash. We were told it would be followed by a dramatic crash as the hash rate became low. Instead, the market went up from around $35K to $52K. But we never know, maybe the next FUD news about China's economy collapsing might actually come true. What has come true:This is not to say that all FUD doesn't come true. Obviously, some have over the years. It might actually be shorter to list what doomsday scenarios have actual nearly killed the market, than list everything that hasn't come true. Outside of just the cyclical bear markets, we've had a few doomsday events that rocked the entire crypto market. For me, the 3 biggest doomsday FUD scenarios that I really felt nearly killed the market, are the collapse of Mt Gox, the Hash Wars, and the collapse of Luna and UST. [link] [comments] |
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