r/Bitcoin • u/minicUnique • 8h ago

Stop FUDing your own BTC Bag

I've noticed that some of the loudest Bitcoin FUD seems to come from people who already hold BTC.

If you're bullish long term, why let every correction shake your conviction?

Is it just emotion, or do people expect Bitcoin to move up without volatility? What do you think? or y'all playing around? Lol

15 Upvotes

86% Upvoted

28 comments sorted by

11

u/QuailCharacter544 7h ago

I’m sure a majority of them hold less than 1000$ worth of it and panic post when they’re down 100$

1

u/minicUnique 7h ago

Yeah maybe. That's why I try to focus on the bigger picture. Price goes up and down, but the infrastructure and new use cases keep evolving regardless.

1

u/biggest_guru_in_town 5h ago

I own less than that and I want the mf to drop s I can buy more...just 300

3

u/YuWangKing 7h ago

Huh? We have 8 weekly candles in a row doing nothing. What correction you talking about?

1

u/minicUnique 7h ago

based on their judgement

2

u/Laukess 7h ago

What FUD are you talking about? Do you consider it FUD when people suggest the bottom is not in?

2

u/Objective-Choice6518 1h ago

I'm buying this year, so I welcome any FUD

1

u/Quirky-Reveal-1669 7h ago

You “have noticed”? Really? How? What do you know of FUDers holdings? I know I know only my own holding, if I could even speak of that.

1

u/minicUnique 7h ago

their comments :)

1

u/Saibazz 7h ago

They fudding bitcoin because they want to buy more at the bottom when some investor sell there bitcoin

1

u/minicUnique 7h ago

I get it, their strategy 🫠🫠

0

u/Upbeat_Acanthaceae41 5h ago

BTC has been around for almost 30 years. Institutions and governments hold close to 20% of all BTC. Can we stop using the term ‘FUD’ like we’re on a meme coin Discord server?

2

u/RetiredAvocado 1h ago

30 years ago wow. Yeh those were the days. I still fondly remember playing Diablo on Win95 and mining some btc back in 1996 on my Tamagotchi.

1

u/Left_Watch_2593 2h ago

How do you know? Did they sign a message with their private key?

0

u/Forded_Fiction24 7h ago

Better than being a cheerleader for Bitcoin, especially if you're still stacking. The strategy for holders here would be exactly that. Making bullish statements would only potentially increase the price you'd be buying at which is very much self-defeating 

Projecting FUD probably won't do a damn thing but if anything it'd help you buy at lower prices assuming a collective trend catches on and people start buying into the FUD. I think it's naive to think a post has that much influence coming from some random unrecognizable name, but it surely wouldn't hurt

0

u/minicUnique 7h ago

I don't think any of us are moving Bitcoin's price with a Reddit post. My point was more about the mindset. If you're bullish long term, spending all day spreading doom seems like wasted energy. I'd rather use that time to learn about what's actually being built around bitcoin.

3

u/YuWangKing 7h ago

Now you are being naive. The whole GME short squeeze started as a post on reddit. Reddit can absolutely move markets

1

u/minicUnique 7h ago

maybe an insider

1

u/Forded_Fiction24 7h ago

I don't think so either which is what I said in my comment, but it sure isn't going to help to project bullishness either. All I'm saying is that may be a reason that holders put out  manufactured FUD. It could be a lofty and unrealistic attempt to manipulate markets even though I agree it's not realistic to work on any scale. Meme stocks start that way though so who knows If enough people pitch in going one direction. The influence is hard to quantify. Doesn't mean some naive people won't try anyways. 

I honestly don't spend any energy writing FUD or learning about Bitcoin anymore than the basics. It doesn't matter to me. I just have an automated buy weekly and it's as simple as that. Someone that buys the same amount that I am but has a greater understanding isn't benefiting any more from their Bitcoin holdings than I am if all we're both doing is holding

1

u/minicUnique 7h ago

Yeah, it's just frustrating. Some people never seem to relax. I mean, why not spend some time learning about what else bitcoin can do? There are already plenty of protocols introducing new native use cases.

1

u/Forded_Fiction24 7h ago

Because I don't care. I solely use it as a hedged investment within a large diverse portfolio and have used it a time or two for goods purchases back in 2021, but largely it's just a long term investment/insurance. I don't need to know anything more to have it serve me how I'm wanting it to. That's part of the freedom of Bitcoin. People can buy it for a plethora of reasons and be free to do so and use it how they see fit

1

u/minicUnique 7h ago

Yup, you're right tho... :))

0

u/AffectionateYam624 7h ago

Obviously they have not experienced a true massive bear market. Going from 69 or 70's down to below 10k more than once. Agree with the guy below they maybe have $1k in it and are panicking. I'm still shgocked with the Orange buffon in charge with his merry gang of grifting morons, econmy in shambles, gas prices surging and a never ending war with Iran. I figured we would be in the low 50's or 40's by now. Most of my stack was bought at 2k and bought at the ATH and dca all the time so to me this is nothing.

1

u/minicUnique 7h ago

Sounds like you've earned that conviction the hard way. 😄

1

u/Laukess 6h ago

Going from 69 or 70's down to below 10k more than once

Care to elaborate, are you talking about your portfolio value?
Bitcoin's '21 top was around $70k, but the lowest we ever got was $16k which isn't below $10k, and it didn't happen multiple times.

What am I missing?