Careful With Your News

[williamz902 696]

I saw that China put a ban on Tether (USDT). Many people expected that the coin would loose value very quickly since China is one of the biggest players in Crypto and a ban on trading would spell disaster for that coin. However, according to this Bloomberg article (https://www.bloomberg.com/news/articles/2019-10-15/china-trading-ban-is-fueling-rise-of-controversial-crypto-coin), it seems that the ban on trading Tether has only fueled the desire of Chinese people to trade that coin. As a result, it has gained 17% over the last three months.

Looking at another coin, traders in Stellar Lumens (XLM), are afraid that the Keybase airdrop over the next few months will drive the price of Stellar into the ground. However, if you do your calculations, you will find that the airdrop will have very little effect on the overall price. At worst, it may drop to 700 Satoshis, from it's current level of 770. These calculations are based on the Market Capitalization and the amount of coins in circulation currently.

So the point is that you need to be careful about the news that you read and do your own research. Sometimes, we think something may affect the price, but it may actually be beneficial.

[seriousguywithfunnypants 266]

There are more stable coins on the market. Probably China is trying to launch their own stable coin for the crypto market. LOL. When the China ban comes it is always a bull market indicator. 😄

[Jajak 41]

59 minutes ago, williamz902 said:

I saw that China put a ban on Tether (USDT). Many people expected that the coin would loose value very quickly since China is one of the biggest players in Crypto and a ban on trading would spell disaster for that coin. However, according to this Bloomberg article (https://www.bloomberg.com/news/articles/2019-10-15/china-trading-ban-is-fueling-rise-of-controversial-crypto-coin), it seems that the ban on trading Tether has only fueled the desire of Chinese people to trade that coin. As a result, it has gained 17% over the last three months.

Looking at another coin, traders in Stellar Lumens (XLM), are afraid that the Keybase airdrop over the next few months will drive the price of Stellar into the ground. However, if you do your calculations, you will find that the airdrop will have very little effect on the overall price. At worst, it may drop to 700 Satoshis, from it's current level of 770. These calculations are based on the Market Capitalization and the amount of coins in circulation currently.

So the point is that you need to be careful about the news that you read and do your own research. Sometimes, we think something may affect the price, but it may actually be beneficial.

it's better if you don't follow the coin from the beginning, it's better not to buy the coin, because it can be fatal if you don't follow it

[cryptokram 102]

37 minutes ago, james said:

yeah remembering when the tether droped from 1 usd to 93 cents everyone was scared and started to calling it scam. but now again its now stable position. getting panic in frequently is a bad habit.

That is something to be panic before. a stable coin is moving its price and not just moving but going down.

USD stable coin is made to be the resting place of cryptocurrency trader and investors but that price move is really something to doubt. why it moved?

[bentayebsalah 2280]

Do not make the news fool you, some of them just nonsense and false talk
Its goal is to influence you to make that news true because of your emotions

[Zzoro6110 19]

The news I do not follow and do not interest me and this is the reason for my success
Because I decide and there are no external factors affecting the opinion

[Saoha 189]

Yes, there is always news every day and the problem is how do we view it? USDT is a stablecoin, it is quite stable so there is absolutely no need to worry about its price. Keybase seems to have delayed the airdrop distribution until November 15.
Do you have any comments when Paypal left Libra project?

[Khan 1414]

Most people following the news trading and companies or countries publish different fake news to move the Crypto or any stock pair and stock market in their favor. 

[Retno 163]

I don't know much about china ban tether. But why many chinese buy and hold usdt righ now? It's still mystery. Are they trying make usdc (china stable coin) more powerfull? 

About keybase, I'm also worried about this. How can they giving free xlm  over 1 year, and what will happen with xlm price soon. 

[Migo 7946]

Not all blogs or news sites are honest about crypto, in effect it is hard to pretend that you know about bitcoin because crypto world is very complicated, of cours I will not believe everything I read 

[Keith700 1885]

On 10/16/2019 at 7:49 AM, williamz902 said:

I saw that China put a ban on Tether (USDT). Many people expected that the coin would loose value very quickly since China is one of the biggest players in Crypto and a ban on trading would spell disaster for that coin. However, according to this Bloomberg article (https://www.bloomberg.com/news/articles/2019-10-15/china-trading-ban-is-fueling-rise-of-controversial-crypto-coin), it seems that the ban on trading Tether has only fueled the desire of Chinese people to trade that coin. As a result, it has gained 17% over the last three months.

Looking at another coin, traders in Stellar Lumens (XLM), are afraid that the Keybase airdrop over the next few months will drive the price of Stellar into the ground. However, if you do your calculations, you will find that the airdrop will have very little effect on the overall price. At worst, it may drop to 700 Satoshis, from it's current level of 770. These calculations are based on the Market Capitalization and the amount of coins in circulation currently.

So the point is that you need to be careful about the news that you read and do your own research. Sometimes, we think something may affect the price, but it may actually be beneficial.

Really, each news wants us to see a new perspective of what is happening in the current market, it can be a FOMO or FUD mnaera, it depends on how the news is structured and the indole to which the subject raised refers.
The various cases you raised are relevant and very informative, excellent article.

[Sumayya 493]

There is also a new ban that was placed this month on altcoins and Bitcoin. Now the crypto market is strong a ban doesn't make prices to fall 

[Jimmy 437]

Indeed, as you said, news sometimes has quite an effect on the condition of the market coin or token but it usually doesn't have much effect because of course the team behind the project has already suspected it and made a preventive measure. We really need to do research before fully digesting the news.

[ASDFGHJKL17 267]

Of course we should more be careful spreading news because you're not yet sure if that was real or just a fake news, however we must think before we spread the news. 

[Sumayya 493]

1 hour ago, Diamondchili said:

Wow that's good I can see  the sign from the Bitcoin price it keeps on stable and rising in this case the price those not fall that much

The price doesn't fall that mich, not like last 2 year you will notice how the price usually fall sharply in price due to a negative news

[Naga 1250]

On 10/16/2019 at 1:49 PM, williamz902 said:

I saw that China put a ban on Tether (USDT). Many people expected that the coin would loose value very quickly since China is one of the biggest players in Crypto and a ban on trading would spell disaster for that coin. However, according to this Bloomberg article (https://www.bloomberg.com/news/articles/2019-10-15/china-trading-ban-is-fueling-rise-of-controversial-crypto-coin), it seems that the ban on trading Tether has only fueled the desire of Chinese people to trade that coin. As a result, it has gained 17% over the last three months.

Looking at another coin, traders in Stellar Lumens (XLM), are afraid that the Keybase airdrop over the next few months will drive the price of Stellar into the ground. However, if you do your calculations, you will find that the airdrop will have very little effect on the overall price. At worst, it may drop to 700 Satoshis, from it's current level of 770. These calculations are based on the Market Capitalization and the amount of coins in circulation currently.

So the point is that you need to be careful about the news that you read and do your own research. Sometimes, we think something may affect the price, but it may actually be beneficial.

Even if you are careful with where you get your news from.and how you handle it then other coin holders won't react the same to the news as you because its they who drive the price down after every airdrop.

[dillah 56]

Indeed sometimes the news will turn around, not as we expect. Even for USDT banned in China it might not be surprising news and there is indeed an analysis of the increase in USDT after China notices. When finding news it's better to do your own analysis and try to understand what will happen in the market.

[khan22 3478]

Thanks for sharing the great news because i transfer some money into the USDT and i don,t have any idea about that now i just transfer my all USDT to XRP or in BTC exchange because may be in 24 hours the USDT will come down and we loss our so many dollar. XRP and BTC is the right time to buy and safe them.

[fuer44 1083]

not necessarily 100% will affect the market, so don't panic right away. keep trading as usual and see what can actually happen.

[avatarkiyoshi 270]

Fundamental is one of the factor which affect the market, especially cryptocurrency, whose the builders comes from the community and for community, if a news is moved massively it will affect market sentiment in the direction we want.

[Sumayya 493]

On 12/2/2019 at 6:36 AM, Diamondchili said:

Yes the price now is pending hanging sometimes on one point increasing and decreasing slowly  some how like stable in other words

Yes that is what i am seeing too, just like a stable coin. the price is just at one place movie the range of $500

[HammadAli 91]

I read news that usdt is not fully backed by us dollar. May be this news is false or may be true. If it is not.backed by us dollar then why are people buying it?

[Yanadia 1517]

 

Yes that's right. Be careful with the news that you read.  But certainly we must be good at filtering every news and find out the truth. Almost all countries today. Talk about BTC ans.crypto there is news. That is true and there is false news.  Buy or sell when expensive (trading key). Just thougt about it than u understand what they mean by make.bad news.

Edited December 4, 2019 by Yanadia
Wrong typing

[khan22 3478]

On 10/16/2019 at 4:57 PM, seriousguywithfunnypants said:

There are more stable coins on the market. Probably China is trying to launch their own stable coin for the crypto market. LOL. When the China ban comes it is always a bull market indicator. 😄

China is launching his own stable coin is that true or not? because there are so many coins in the market which are stable but that USDT coin is ban than we can use  that because no one can ban any coins in the market and if the market go to high or low stable coin will not move.

[Pearls Before Swine 815]

On 10/16/2019 at 7:49 AM, williamz902 said:

Many people expected that the coin would loose value very quickly since China is one of the biggest players in Crypto and a ban on trading would spell disaster for that coin.

People expected that for Tether?  Why?  Tether is a stable currency that's pegged to the US dollar if I'm not mistaken, so it shouldn't lose any value as long as the dollar doesn't, and it doesn't matter what china does or doesn't do.

 

And yes, I fully agree that I and everyone else need to be careful with crypto news sites.  I think a lot of them don't have real journalists on their staff, but rather a bunch of crypto enthusiasts who probably write stories about coins whilst getting a kickback from the coin's dev team.  Wouldn't surprise me at all.  There's a lot of garbage news out there and also a lot of fake news as well.