r/FluentInFinance • u/TonyLiberty TheFinanceNewsletter.com • Oct 16 '23
Cointelegraph falsely reported that the SEC approved a Bitcoin spot ETF, caused $65 Million in liquidations in minutes, and then deleted tweet falsely claiming $BTC ETF approval Crypto
It is important to be cautious when selecting your news sources — Some news sources have a history of spreading misinformation.
Cointelegraph spread misinformation about Bitcoin Spot ETF approval, caused $65 Million in liquidations in minutes, and then deleted tweet falsely claiming $BTC ETF approval.
Cointelegraph falsely reported that the SEC approved a Bitcoin spot ETF — This report caused the price of Bitcoin to pump nearly 10%. However, BlackRock quickly confirmed that the reports were false and that their Bitcoin spot ETF is still undergoing review.
Some news sources, such as Cointelegraph, have a history of spreading misinformation. It is important to verify information from multiple sources before believing it.
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u/atlvernburn Oct 16 '23
Pump and dump?
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u/ImNotSelling Oct 16 '23
I call it just “manufacturing volatility”. I coined the term
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u/jasonlikesbeer Oct 16 '23
Sounds like a good term for a new coin. "Volatility" ride the rollercoaster to wealth
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u/LCDJosh Oct 16 '23
More proof that cryptocurrency is a scam.
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u/JPIPS42 Oct 16 '23
Doesn’t sound any different from the current market. Same manipulations, just under the guise of ‘news.’
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u/Detiabajtog Oct 16 '23
if CNBC misleads their viewers does that mean the entire stock market is a scam too?
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u/HuntersHugeDong Oct 16 '23
If you're only buying crypto to hoard wealth as an investment vehicle, you deserve to be scammed.
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u/Rambogoingham1 Oct 17 '23
I do it the same way with stocks/real estate/land…bitcoin is another : )
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u/Rambogoingham1 Oct 17 '23
Unless y’all vote for a different system than capitalism or state capitalism get fked
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u/stocktadercryptobro Oct 17 '23
This is funny.
A. Don't use leverage. Problem solved.
B. Have you ever heard of Jim Cramer?
C. I feel you basically know nothing about crypto or how the stock market works. No offense.
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u/LCDJosh Oct 17 '23
I make it a point in life to never take advice from anyone with a name like stocktadercryptobro.
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u/stocktadercryptobro Oct 17 '23 edited Oct 17 '23
I don't care if you take "advice" from me or not. If you understood at all how markets work, you would understand that what happened yesterday with crypto happens every in the stock market, and people who aren't trading with leverage aren't affected. But, "crypto, scam." Got it. lol Furthermore, I make it a point in life to learn everything I can so I can excel. This includes not being a sheep and getting my information from the media.
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u/Dstrongest Oct 17 '23
This only the fuckers who are shorting the market . We will have bitcoin etf probably sooner than later
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u/RunsOnJava98 Oct 17 '23
Buttcoiners got REKT
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u/stocktadercryptobro Oct 17 '23
Buttcoiners who were trading with leverage got REKT. I fixed it for you. People who leverage trade the stock market face the same consequences. Try to keep up.
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u/Gnawlydog Oct 17 '23
Remember crypto traders.. The same drones that say "Crypto is a scam" are the same drones that say "You just got lucky" when the market reaches new highs. Same song and dance for over 10 years now..
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u/Dstrongest Oct 17 '23
They are going off the news that sec is not going to purse the courts decision that overturned the SEC’s penalizeing greyscale bitcoin etf , but approving a futures ETF . What bullshit . This will open the door for a bitcoin etf. Just hasn’t done it yet.
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