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News and manipulation
The cynic in me is pretty much ready to make this call. Most news outlets in the cryptosphere are just propaganda tools to spread misinformation.
As a matter of fact, recently some "undercover" agents contacted some news outlets and got offered the secret menu. Biased positive ICO reviews, undisclosed sponsored content and other shady things that in truth angered me a bit.
In other words, if you are reading something on coindesk, cointelegraph and other known outlets, before you believe anything being spouted, check the sources of their sources first. Yes, just like that, sometimes the reputable websites fail to get information from reputable ones making the whole thing a bit comical to say the least.
Of course, we could not really prove these things, I could not sit here and tell you that I know without an inch of doubt that these outlets have become manipulation tools for whales and scammers, but if a wikileakian event was to occur, I would not be shocked at all.
Hope of Gain, frozen legs
Not that I'm making an argument against long term thinking or anything, but the dance does seem two left footed. "Oh, price dropped a bit, release some hopium article about an ETF" - "Oh no! big green candle, release article on Tether" etc, etc.
I believe, maybe naively so, that I could do a better job at manipulating the markets if I was given these outlets, but of course, this doesn't mean I would even want to. Why do I say this? Because the articles both for and against BTC's future, seem cookie cutter these days, and I'm sure that's just laziness.
At least, the markets have been experiencing stability of the likes that no one ever expected. Comically some are commenting on how stable coins are pretty much useless at the moment, since nothing seems more stable than BTC anyways, but of course, that's hyperbole.
Building in the shadows, the bullish case
The one thing that truly keeps me going is this aspect to be honest. Not the institutional investors that may or not show up, but the fact that even if these bear markets have affected marriages, as I'm sure they have, the true believers of blockchain have not stopped developing.
Differences of directions aside, the communities of the cryptocurrencies that are sure to outgrow the wild west have been constantly releasing updates, new dapps and initiatives that indicate, at least to me, true passion and resilience.
So, in order to keep myself sane and not succumb to FOMO or despair, I'm choosing to ignore the price, at least for now and keep on chugging along so to speak.
We could very well be in this bear market for way longer, we could even dip more, but I'm not going anywhere regardless, and THAT is my stubbornness taking the wheel.
I try not to check the other cryptos @meno. I can grow and make a little profit on steemit, this had kept me out of the dumps. I believe the future is bright also for steemit! :) We really need to make it easier for people to get an account. I thought HF-20 was going to do that, but as of yet it is still a manual approval system. I got a friend to sign up and it's been a week and no word. I told him it would take time , but we live in a age of instant gratification.....
resteemed....
Sooner or later things will go in the right direction. Time as alway will do its magic :) Some may fool them self with the illusion of control and propaganda, but that is just a temporary thing.
Also ome should be wise and know that good things takes time :)
Just like you, I'm now immune to the hype. True, most news are either a form of hype with hopes to push noobs and other uninformed persons to invest in a particular token.
I take the fact that the markets seem to have gotten "boring" as a good sign. I am feeling hopeful that it means the "gamblers" (calling themselves "investors") are exiting the scene and getting replace with true "value investors" who don't *care" whether some token went up 20% today and down 15% tomorrow... they are just holding for the next 2-3-5-8 years. It may not be as "exciting," but I'd be happy with a long slow climb...
=^..^=
The most dramatic section of the bear market seems over, but sideways action is almost just as depressing and mind-numbing. Typically this is where market-manipulating whales pile in, but they do it in a stealthy way that bores the rest of us. Hang in there, @meno!!! :)
@overkillcoin bro. Y U flag me?
Because bro. You a spammer! 😆 😆 😆
Yes, we have to check the source first before doing something, let alone to invest must really check to avoid being fooled.
I noticed also that no matter what news and especially good ones are popping out Bitcoin doesn't seem to care and I also believe the theory regarding manipulative news and read that article on techcrunch in which there was even a graph with how much every outlet pays for such articles. It's media after all. They're made to be manipulative and that's what they do, but on the other hand blockchain development and adoption is increasing as you pointed out. We're gonna have to wait some time for a next bull run I guess.
Everything you read is truly just noise... you must read between the lines and follow the money. The amount of development, money and talent being allocated to fintech and blockchain is huge and will build the foundation of the future for many industries and economies. This does not translate to immediate value creation and neither does it mean that the cryptocurrency assets will increase in value either at least in the short term.
i do the same!, the only thing i care about right now is how i am gonna increase my followers, make better posts, better rewards and generally uplift my profile and presence here in Steemit given the time i have
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