People lie about news affecting crypto prices primarily to manipulate the market. By spreading false information, they create fear and uncertainty, prompting panic selling and driving prices down. This allows them to profit from short positions. The lack of regulation makes it easier for misinformation to spread without immediate consequences.

Social media plays a significant role in amplifying these lies, as misleading information can quickly gain traction and influence investor behavior. Ultimately, the combination of profit motives and the viral nature of information fuels the spread of false news in the crypto space.

To navigate this landscape effectively, it's essential to verify information from reliable sources. Consider following reputable news outlets and analysts, and engage in discussions within trusted communities. This approach can help you distinguish between genuine news and misinformation, allowing for more informed investment choices. #NoToBullshitNews