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Topic: Bitcoin and the power of media - page 4. (Read 1214 times)

sr. member
Activity: 630
Merit: 250
★Bitvest.io★ Play Plinko or Invest!
March 29, 2018, 01:14:01 AM
#51
The media as the fourth estate of realm, play a very critical role in creating awareness on issues surounding crypto currency and the need to popularize it beyond its current status. In most part of the world individuals and institutions are skeptical about bitcoin and it's acceptance as a legal tender. Hence the need to explore and leverage on the enormous power of media on propagating and putting crypto currency issues on the front Bonner. However, considering the fact that the media exist to inform, educate, mobilize and enlighten societies, which other vehicles or means could best serve the purpose of setting agender on a phenomenon as important as the rising prominence of crypto currency?

No other better than media can be use to advertise bitcoin . It does affect the masses easily and influence them according to how they deliver the message or how they portray a certakn topic. It can be beneficial to bitcoin but it can lead to destruction if the media who were posting was against bitcoin itself. From here you can realize the impact of bitcoins anywhere.
jr. member
Activity: 182
Merit: 2
March 28, 2018, 11:43:34 PM
#50
The media as the fourth estate of realm, play a very critical role in creating awareness on issues surounding crypto currency and the need to popularize it beyond its current status. In most part of the world individuals and institutions are skeptical about bitcoin and it's acceptance as a legal tender. Hence the need to explore and leverage on the enormous power of media on propagating and putting crypto currency issues on the front Bonner. However, considering the fact that the media exist to inform, educate, mobilize and enlighten societies, which other vehicles or means could best serve the purpose of setting agender on a phenomenon as important as the rising prominence of crypto currency?
Bitcoin will never escape from the media. Whether it is social media, print or electronic media. If the media can no longer promote bitcoin, we can promote the bitcoin with face to face or through the community we belong to.
member
Activity: 512
Merit: 10
BountyMarketCap
March 28, 2018, 11:40:13 PM
#49
The present era is technology based.Everyone read the news through the internet now.So the power of the media is on the internet.The only media can highlight the matter.Since the Btc is still the majority of the institutions and the people's conflicts,the media should play an important role.
member
Activity: 518
Merit: 14
March 28, 2018, 11:06:29 PM
#48
bitcoin and media are both very important. and greatly affect the bitcoin price. because of the power of the media if it gives negative news about the world of crypto, the price will be down. can even make the bitcoiners into panic .
member
Activity: 398
Merit: 10
March 28, 2018, 10:51:33 PM
#47
The media as the fourth estate of realm, play a very critical role in creating awareness on issues surounding crypto currency and the need to popularize it beyond its current status. In most part of the world individuals and institutions are skeptical about bitcoin and it's acceptance as a legal tender. Hence the need to explore and leverage on the enormous power of media on propagating and putting crypto currency issues on the front Bonner. However, considering the fact that the media exist to inform, educate, mobilize and enlighten societies, which other vehicles or means could best serve the purpose of setting agender on a phenomenon as important as the rising prominence of crypto currency?

Communication has a tremendous power that they can distorted the truth, they can make a normal phenomenon become more interested. It seems they have paid attention to bitcoin and cryptocurrency. They reported good and bad about bitcoin, they created a scandal that made people pay more attention, and media people get paid for it. I think if the media does not exist then no one knows bitcoin and cryptocurrency. Great.
hero member
Activity: 868
Merit: 506
March 28, 2018, 10:42:38 PM
#46
As you can see in advertisements. Bitcoin is popular in advertisements like in Youtube and website ads. Media plays a big role in improving the image of Bitcoin.

Social media rather because 99% of these companies owned profit oriented media are against bitcoin and crypto. Even social media owners at the moment are under pressure mostly if under the jurisdiction of the US government.
brand new
Activity: 0
Merit: 0
March 28, 2018, 10:16:28 PM
#45
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newbie
Activity: 36
Merit: 0
March 28, 2018, 10:25:31 PM
#45
As you can see in advertisements. Bitcoin is popular in advertisements like in Youtube and website ads. Media plays a big role in improving the image of Bitcoin.
member
Activity: 265
Merit: 10
The World’s First Blockchain Core
March 25, 2018, 01:59:54 PM
#44
rather than media educational institutions make a big impact on people and investors when they do make a establishment and if crypto would be taught in educational institutions it would be a good impact
member
Activity: 518
Merit: 14
March 25, 2018, 01:35:51 PM
#43
after i see ....
 the media is also very important and influential once gan to help and preach the World bitcon. especially positive ones. if the positive news we become more enthusiastic investing .try if the news is negative we must be less enthusiasm to invest. even our hearts become a bit agitated .
newbie
Activity: 78
Merit: 0
March 25, 2018, 01:28:55 PM
#42
The media as the fourth estate of realm, play a very critical role in creating awareness on issues surounding crypto currency and the need to popularize it beyond its current status. In most part of the world individuals and institutions are skeptical about bitcoin and it's acceptance as a legal tender. Hence the need to explore and leverage on the enormous power of media on propagating and putting crypto currency issues on the front Bonner. However, considering the fact that the media exist to inform, educate, mobilize and enlighten societies, which other vehicles or means could best serve the purpose of setting agender on a phenomenon as important as the rising prominence of crypto currency?
The media has a lot to do with bitcoin. If the media can promote bitcoin, it will increase the popularity of bitcoins and let more people understand and participate in bitcoins, which will be conducive to the development of bitcoin.
member
Activity: 686
Merit: 30
March 25, 2018, 01:27:32 PM
#41
because BTC are from internet (CMIIW ) so media also have power about bitcoin power , and then the bitcoin are from People power , if ppl was panic the price will crash anytime
cmiiw
sr. member
Activity: 1190
Merit: 253
March 25, 2018, 01:20:41 PM
#40
If I'm going to be honest, I think that the newfound cryptocurrency legalization in Asian countries like Japan and South Korea will lead to a lot more "user-friendly" websites, guides, ebooks, and apps that will help the average person get more familiarized with how to use Bitcoin, not how it works. HUGE difference.

I'm fairly tech-savvy, as I've been around technology since the late 90's, and Bitcoin took a while for me to understand. The media has thus far focused on news related to the effects of Bitcoin, and not really about the technology or security advantages of it. I believe that's simply because they don't understand how Bitcoin works.

If we're going to have any long-term staying power, the community is going to need to learn how to use Bitcoin, not how it works. Let's take banks, for example. Not many people know about how banks operate, what their internal procedures are, what happens to your money once it hits their vaults and private ledgers, etc. All we know is that we deposit $100 into our accounts, and we could use that $100 at a later time as we see fit. Do we understand how banks work? Nope. Don't need to. We just know that we can use our money (for the most part) when and where we want.

Electricity is the same way. Do we understand the circuitry and engineering behind how our light switch is connected via wires to a voltage regulator that has a light bulb attached to that? Nope, because we don't need to. All we know is that when we flip the light switch, the bulb turns on.

Bitcoin should be the same way, and until the media power houses start focusing on the uses of Bitcoin and what it can be used for, rather than trying to teach us about the technology behind it, Bitcoin won't become a commodity like we want it to become. From most of my experiences with Bitcoin in the media, there has always been a negative connotation to the stories they produce.

Simplify Bitcoin. More websites need to publish how to use Bitcoin, rather than how it works. My thoughts.


You’re absolutely right especially in this statement “The community is going to need to learn how to use Bitcoin, not how it works”. Users should learn how to use it and what are the benefits of doing so.

Power of media has a vital role in promoting awareness to everyone. Bitcoin is not a simple thing to understand but with the power of media and digital marketing, everything can be illustrated in a very simple manner.


hero member
Activity: 756
Merit: 541
March 24, 2018, 02:30:19 PM
#39
Hi;

The impact of media tools on this market is too much especially television because television is a tool everyone can reach

Kind regards
sr. member
Activity: 1484
Merit: 326
March 24, 2018, 02:09:56 PM
#38
it's all about money. we can not blame the media because of the many oblique issues circulating about cryptocurrency, and we can not appreciate the media because it has spread the phenomenal news about this technology. That's how the media live, create or search trending topics and processed into a discourse, news, or certain articles from which they can take advantage of it.

Its not all about money . People will look back on the news from bitcoin as their investment choice and how the market is going now. the media provides a container investor as a source of input analysis what will happen. and from the first also information from the valid media always give positive or negative effects. it clearly makes the media as one of the basic analyzes of crypto prices.
jr. member
Activity: 126
Merit: 5
March 24, 2018, 01:23:55 PM
#37
The media as the fourth estate of realm, play a very critical role in creating awareness on issues surounding crypto currency and the need to popularize it beyond its current status. In most part of the world individuals and institutions are skeptical about bitcoin and it's acceptance as a legal tender. Hence the need to explore and leverage on the enormous power of media on propagating and putting crypto currency issues on the front Bonner. However, considering the fact that the media exist to inform, educate, mobilize and enlighten societies, which other vehicles or means could best serve the purpose of setting agender on a phenomenon as important as the rising prominence of crypto currency?
If the media is willing to promote bitcoin, it can be a big help for bitcoin. It can increase the popularity of bitcoin and let more people know about it, so there will be more people involved in bitcoin, which will be conducive to the development of bitcoin.
full member
Activity: 563
Merit: 102
March 24, 2018, 01:21:39 PM
#36
The internet is a medium, so it includes almost every possible way the cryptos are promoted. It happens mainly because this is the money of the INternet, so both transactions and promotion is being done online. If you're asking about other ways of spreading the word, probably spoken word would be the second greatest. Gossip travels fast and a word from a friend, or even better a mentor, sinks deep.

Very well said. Because nowadays people are very much into technology, dependent on internet. So media plays a very important role in spreading the bitcoin or crypto world. social media like twitter and facebook are powerful tool as well. Conversation with other people and telling about cryptocurrency is also effective. Either way for as long as it is being explained well to people, no one will ignore this once in a lifetime opportunity .
hero member
Activity: 1806
Merit: 671
March 24, 2018, 01:19:45 PM
#35
If we are speaking about "tools" then what is more greater than media itself? Of course the first thing will come to mind is the internet, without it the growth of Bitcoin and other cryptocurrency would be impossible. And in my opinion I think the internet as a whole contributed more to the growth of Bitcoin as everybody is getting their information as well as their buying and selling decisions based on what they see in the internet.
newbie
Activity: 56
Merit: 0
March 24, 2018, 01:10:45 PM
#34
The denouement occurred in November, when suddenly Sberbank announced that it was he who was to blame for the shortage of video cards in the country.
sr. member
Activity: 1071
Merit: 253
March 23, 2018, 02:54:58 PM
#33
Media has a big role to form trust and the media is also capable of excessive panic effects. The media can be used to spread fud to suppress the price of Bitcoin.
so far media have done everything they want.

Media is the one to blame or to thank for so big base of the investors in the crypto market. Media is in 80 percent spreading bad news for the common people which even haven't heard about the cryptocurrencies. Till now the 70 percent of the people are aware of the cryptomarket and we can thank the media for that. 30 percent are investors and the number is rising because of the media.
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No matter if the news is bad the influence on the common people is drastically high and sooner or later the bad news is analyzed by the ordinary man which can soon seize the opportunity and gain the profit with the smart investment.
I do not deny that, and I recognize the media has an important role in the development of blockchain technology. but the media should also have controls to filter out false and political news such as fud to drop and attack the crypto.
I'm afraid the media is being used by people to make panic.
For sure media is the only source to promote and advertise something at very high level, media is helping every kind of product to be famous worldwide and to be able to get high acceptance, I think in few months with help of social media and TV media blockchain technology very famous and worldwide us, I think nothing can grow well without media help, so according to me as well media is playing vital role in the development of bitcoin and blockchain technology in my country.
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