03-29-2023, 11:09 AM
The markets will not accept the recent FUD and I love it
<!-- SC_OFF --><div class="md"><p>In the past weeks we have seen some FUD spread around as many influential powers try and out downward pressure in Bitcoin and other cryptocurrencies.</p> <p>With interest rates again rising and banks collapsing one after another I’m sure the financial parties aren’t keen on Bitcoin being a safe and decentralized space to store an individuals wealth that is untouched and in the long term unaffected by governmental and financial policies.</p> <p>The SEC has been coming at crypto influencers, exchanges like Binance and Coinbase, and staking and P2P lending technology like never before. Never has the SEC so thoroughly attacked each sector of crypto one by one and so publicly.</p> <p>And yet Bitcoin lives, it thrives actually. I don’t think I can even call it a dump after Binance and Coinbase cases became public. A small pullback of 5% after a 50% rally is not a dump. It’s a small pullback at best. </p> <p>People aren’t selling. There are more holders than ever before. People are starting to realize the most basic use case of Bitcoin, keeping your money untouched by banks that can go under at any moment. </p> <p>I expect to see more negative articles, stories, and lawsuits about cryptocurrency come out soon. You just need to take a step back and think who would profit off of a story like this.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/wpeironnet"> /u/wpeironnet </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/1257j83/the_markets_will_not_accept_the_recent_fud_and_i/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/1257j83/the_markets_will_not_accept_the_recent_fud_and_i/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>In the past weeks we have seen some FUD spread around as many influential powers try and out downward pressure in Bitcoin and other cryptocurrencies.</p> <p>With interest rates again rising and banks collapsing one after another I’m sure the financial parties aren’t keen on Bitcoin being a safe and decentralized space to store an individuals wealth that is untouched and in the long term unaffected by governmental and financial policies.</p> <p>The SEC has been coming at crypto influencers, exchanges like Binance and Coinbase, and staking and P2P lending technology like never before. Never has the SEC so thoroughly attacked each sector of crypto one by one and so publicly.</p> <p>And yet Bitcoin lives, it thrives actually. I don’t think I can even call it a dump after Binance and Coinbase cases became public. A small pullback of 5% after a 50% rally is not a dump. It’s a small pullback at best. </p> <p>People aren’t selling. There are more holders than ever before. People are starting to realize the most basic use case of Bitcoin, keeping your money untouched by banks that can go under at any moment. </p> <p>I expect to see more negative articles, stories, and lawsuits about cryptocurrency come out soon. You just need to take a step back and think who would profit off of a story like this.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/wpeironnet"> /u/wpeironnet </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/1257j83/the_markets_will_not_accept_the_recent_fud_and_i/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/1257j83/the_markets_will_not_accept_the_recent_fud_and_i/">[comments]</a></span>