Another fall in price, another day in FUD

Good morning everybody, a negative one for many crypto investors. Markets are like this anyway, one day is green, another day is red.

TL;DR

When dumps occur, close you mobile, set some alert if you wanna check the price movements but avoid news papers, blogs, influencers and pseudo-crypto journalists. They will eat your mind slowly, until you give up to what they declare and end up in loss.

Full rage post:

What makes me crazy in days like this is the FUD.

I understand mass medias which just make clickbait titles (in the best case) or highlight how many people have been victims of scams and bankrupted because of crypto exposure. They are pointing to uneducated people, making the interests of the big players (regulators).

There are then the so proclaimed specialized crypto blogs, pseudo-journals and so on which, instead of spreading pure information, educate people about cryptos, new projects, etc., just follow the mood of the day, like traditional media do with traditional finance.

"Powell declaration causes drop in Dow Jones by 2%" literally becomes "Powell declarations cause a drop in 10% for cryptos."

Useless information, in both cases. Same garbage. Analysis of prices which has no content, no real analysis, just vomiting numbers with reference to resistance, support trendline randomly.

Then there are the worse ones. Bloggers of success, with many followers on Twitter. One of this today written an article called "The possible but remote apocalypse of Cryptocurrencies".

A very neutral article about consequences of Gary Gensler declaration of securities and altcoins. A very superficial analysis of the consequences which may occur if Gensler words become reality.

The timing is what makes me really crazy. Normally I tolerate the presence of this articles in my feed, I know the contents and I just scroll down until they disappear. This guy spent almost a week to do an analysis which even a 11 years old child can do. Or it has been purposly posted the same day of the dump? Nobody will never be sure of the answer. Bit everybody with a minimum of logical thinking can give his own answer to this question.

I've started my personal war against these people. They are like scammers and traditional medias, trying to manipulate people for their likes. Or for a click in their article, so they can get some advert gain.

Avoid them. Let them vanish into oblivion. Learn how to make analysis by yourself. Learn how to evaluate a project fundamentals by yourself. This is the best thing you can do as an investor, in crypto and all other markets.