Some crypto influencers are selling FUD during the bear market to gain more followers. On the one hand, that's shady behavior but on the other hand, they found thousands of new followers who were dumb enough to buy their FUD.
Those who are buying the FUD during the bear market will also buy the shitcoin calls from these influencers during the next bull market. The shitcoins that the influencer will dumb on them after they bought them.
Some of them are even making Twitter spaces out of it. They pick up the latest bad news and add some FUD on top.
Spaces are the newest hot stuff on crypto Twitter and a new type of crypto influencer is born, the Twitter Spacooooor.
This meme from the internet hits it very well. I don't know who draw it first which is a pity. I really would like to give credit to the guy who came up with this awesome meme.
Now, honestly, what is this? This is absolutely not how investing in cryptocurrency works and newbies who are listening to them are probably going to lose a lot of money if not all of their money.
The bear market brings bad news that is based on facts like FTX filing for bankruptcy. That's bad news but not baseless FUD no doubt. However, there is also a lot of FUD. There is always FUD but especially during bear markets. In bear markets, there is a lot of fear and FUD gets a lot of clicks. Sometimes the FUD is even a part of market manipulation and other times, it is just an influencer fishing for new followers during the bear market.
The thing is that bear markets are offering opportunities, investing opportunities. Now is to time to invest in Bitcoin, Ethereum, or even an altcoin. The best investments are made now while there is blood on the streets and prices are low. This will pay off later during the next bull market.
In bull markets, on the other hand, it is hard to find a good investment because you are almost everywhere buying the top. Bull Markets are about protecting your capital. You need to make it fix and make sure that you are not losing your capital.
Your feeling may tell you the exact opposite but that's absolutely natural. However, use your brain when investing in cryptocurrencies, and don't just follow your feelings. Don't buy FUD during the bear market, instead see the investment opportunities.
Honestly, those who are buying the FUD now and selling their Bitcoin in fear are those who bought their first Bitcoin at $60k in FOMO. Make sure that this is not you and buy FUD on Twitter.
So, I hope that this read was not only entertaining but also useful to you. Stop listening to FUD and start looking for opportunities now. Later during the next bull market, you can earn the fruits of the seeds that you are planting right now in these disruptive times.
My Final Words
At the end of my post, I also like to remind you that my intention in this post is not to replace your own research. In other words: This is no financial advice. It is important that I mention this because the only reason that SBF is not in jail right now is that he always wrote: "This is not financial advice" under all his tweets
However, I gave you my honest opinion, and let me tell you, leaving crypto now after it is more than 75% down from its previous all-time high would be a fatal idea! Now is the worst possible time to give up on crypto but the best time to start.
I hope that I could provide you with some useful information. If this is the kind of stuff you like to read on Publish0x, make sure to hit that follow button.
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