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Topic: Bitcoin is being discussed on CNN just now (Read 244 times)

full member
Activity: 854
Merit: 108
January 11, 2021, 06:50:46 PM
#24
I think this media coverage has nothing to do with the price falling down except if they are discussing Bitcoin disadvantages that will make the price fall but with your shared screenshot, the title favored Bitcoin so maybe there are some other reasons that affected the current price like the corrections.
full member
Activity: 1190
Merit: 117
January 11, 2021, 06:39:10 PM
#23
It's not strange that CNN has a discussion about Bitcoin, because since Bitcoin managed to reach the price of $ 40,000 in a fast time it became
trending on various social media. Right now Bitcoin is experiencing a correction, but slowly the price is starting to recover again. I agree that
a pause in the Bitcoin rally is necessary, so that the increase in the Bitcoin price become more stronger. So it provides an opportunity for several
investors to buy Bitcoin, I bought Bitcoin when the price dropped to $ 32,000. But now it has gone up again to the price of $ 35,000. And I hope
Bitcoin will in a few days continue to rally past $ 40,000 again.
sr. member
Activity: 2366
Merit: 305
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January 11, 2021, 06:17:44 PM
#22
No wonder that bitcoin will talk on the news and even on social media if you will see the price that has been increased recently, no wonder it becomes viral on the news or anywhere. Because when it comes to financial, many people will get interested if they saw a potential profit that I guess to be made.

But good thing we didn't hear the bad news that comes from social media, not just like before. So people are very well educated about this crypto and now they talk about it and bitcoin getting more awareness to the public.
legendary
Activity: 3122
Merit: 1140
January 11, 2021, 05:58:42 PM
#21
we will always hear analysis that wasted time when the Bitcoin boom...
this forum is the best place to read analysis on the price of Bitcoin from lovers and those who focus on Bitcoin *not a general analysis that never focuses on Bitcoin.
Expect for social media or news outlets would really be having these kind of headlines and as long they do able to publish something but doesnt mean that it would be reliable when it comes to price analysis.
This forum is really already enough to read up things that would really be sufficient and helpful towards your trading analysis. Those people who had been talking on this current price situation
doesnt really now anything about bitcoin.Theyre just basing on what their eyes can see but to be known that they had just recently jumped nor studied this market.Therefore, they dont
really have any idea in overall aspect.
sr. member
Activity: 2338
Merit: 365
January 11, 2021, 05:51:53 PM
#20
we will always hear analysis that wasted time when the Bitcoin boom...
this forum is the best place to read analysis on the price of Bitcoin from lovers and those who focus on Bitcoin *not a general analysis that never focuses on Bitcoin.
hero member
Activity: 3066
Merit: 629
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January 11, 2021, 05:25:15 PM
#19
It is on different news mainstream media. They're all making discussions about it and with the UK's FCA's words, they can't stop taking it on their screen time and start discussing it.
My thought on it is that there could be a bigger whale that's interested to get in and buying all of those discounted bitcoins today.
hero member
Activity: 2744
Merit: 588
January 11, 2021, 05:16:23 PM
#18
Well, I didn't watch this particular, but I think that with the increased interest, buzz, and hype, we will watch more mainstream media coverage. This could bring some fresh blood into our eco-system.

Same thought here, CNN found Bitcoin topic as an interesting and trendy one since it surges over 300% in just a short period of time then losses almost 23% of its all time high value in just a matter of days.  How good it is to see Bitcoin on media depends on how they tackle the conversation about it.  

I agree with what has seen in the picture that the pause on the Bitcoin rally is healthy for Bitcoin because it opens new windows for the newcomers and at the same time gives another opportunity to those who missed buying at the current price.

Haven't watched that news segment but hopefully they tackled matter-of-fact with regards to bitcoin.
Some people are having negative perception towards crypto or bitcoin in particular because of how the media portray it to people.
And as we embark new levels in bitcoin, definitely, it will gain huge interest from viewers.
However, they should take note that getting into crypto is not a get-rich-quick scheme here.
There's more than meets the eyes here. Because a lot of newcomers thought that this is their way to get their riches.
hero member
Activity: 2926
Merit: 722
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January 11, 2021, 02:33:23 PM
#17
After washing the dishes, I just saw this live on TV but never had a chance to record this interview on my phone. Who else is watching this too?

Right now, I see Bitcoin keeps going down below $33K. What are your thoughts, reactions or opinions about this CNN discussion about "A Pause in Bitcoin Rally is Helpful"?

Not surprising for Bitcoin to be a headline in some news specially now that it do breaks new ATH's or this not common events.

In the comment or headline about a pause in bitcoin rally then i do saw that its quite relevant yet seeing these numbers are based on observations
which is part of common sense though.

In investment perspective, any investor or business-related type of person can really identify or can make out presumptions about
price declines or corrections that neither might be helpful or not on said asset. They are just correlating words
from traditional investments that they've known.
hero member
Activity: 2310
Merit: 532
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January 11, 2021, 02:32:04 PM
#16
It's exactly the repeat of 2018, we witnessed similar breaking news coverage from all the media outlets back in 2018 as well Bitcoin was bullish we witness the same now as well, but the best part is without directly telling that Bitcoin is crashing or is going to go down media will start negative speculation about Bitcoin instill fear in the mind of new investors might panic sell which will cause more damage to Bitcoin.
I do think the same. During the previous bull market the market grew gradually, but the fall in price happened all of the sudden when people are thinking of the price to mark new ATH. Right now the market situation looks like the same market move of 2018. This time there is more chance of market growth once again. Those users who missed the opportunity during the previous bull market have made use of the present market's ath.
newbie
Activity: 9
Merit: 0
January 11, 2021, 02:28:42 PM
#15
I think we can think of this drop as a little bit of breathing and tremors. I see this as saving energy before the big jump
legendary
Activity: 3010
Merit: 1280
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January 11, 2021, 02:14:48 PM
#14
Well, I didn't watch this particular, but I think that with the increased interest, buzz, and hype, we will watch more mainstream media coverage. This could bring some fresh blood into our eco-system.

Same thought here, CNN found Bitcoin topic as an interesting and trendy one since it surges over 300% in just a short period of time then losses almost 23% of its all time high value in just a matter of days.  How good it is to see Bitcoin on media depends on how they tackle the conversation about it. 

I agree with what has seen in the picture that the pause on the Bitcoin rally is healthy for Bitcoin because it opens new windows for the newcomers and at the same time gives another opportunity to those who missed buying at the current price.
sr. member
Activity: 1638
Merit: 261
January 11, 2021, 02:04:24 PM
#13
It's exactly the repeat of 2018, we witnessed similar breaking news coverage from all the media outlets back in 2018 as well Bitcoin was bullish we witness the same now as well, but the best part is without directly telling that Bitcoin is crashing or is going to go down media will start negative speculation about Bitcoin instill fear in the mind of new investors might panic sell which will cause more damage to Bitcoin.
sr. member
Activity: 1820
Merit: 436
January 11, 2021, 01:55:41 PM
#12
CNN or news is a bit helpful for sure as they influence a lot of people seeing bitcoin making a lot of people millionaires or even billionaires.

From the news and articles, the drop was because of the miners selling their bitcoin in order to make a profit, because they were miners and to keep the company going they need to sell at some point.

The drops in the market for me are healthy in the market because that is where you could get the opportunity to invest and gets its profit.

In the past month, we could obviously see that the bitcoin market price just pumping and if you're in bitcoin long enough we know that it is just a roller coaster, the number of bitcoin holders compared to the past years is a lot higher so for me we are still in the bullish.
member
Activity: 350
Merit: 37
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January 11, 2021, 01:37:49 PM
#11
Well I didn’t catch the program but I think it’s not a good development. The mainstream coverage media will be emphasizing on the bull run and will bring in more new bitcoin enthusiasts into the system while the price of bitcoin keep going up and down.
sr. member
Activity: 2268
Merit: 275
January 11, 2021, 01:30:28 PM
#10

Right now, I see Bitcoin keeps going down below $33K. What are your thoughts, reactions or opinions about this CNN discussion about "A Pause in Bitcoin Rally is Helpful"?

In my opinion, this is a preparation at the beginning of the year to stabilize the price of bitcoin again. we are always in line with the bitcoin cycle, where the news will be very reflex when the world market multiplies two positions. first is a decline and second is an increase.
At the same time, some time ago, the media highlighted the price of bitcoin as increasing from year to year. which ends at a price of half a billion.

and today you gave me information related to CNN, I'm no longer surprised that the media will appear on the surface, some are making fun of the price. bitcoin rises and falls rapidly, marking a big difference from the relatively stagnant value of gold.

I was actually confused by the news that disappeared when the price of bitcoin had stabilized.
hero member
Activity: 1652
Merit: 569
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January 11, 2021, 01:30:03 PM
#9
A lot of the rally is supposedly due to institutional money being poured in. Many other potential institutional investors are seemingly looking into bitcoin as a reserve of value, and looking at the big picture with a wider period of time, it seems to comply.

Nevertheless, the message that a 20% drop in 24 hours sends is not that brilliant (despite a sizable drop being expected). Money tends to behave rather cowardly, and from a corporate point of view, a potential drop of 20% is not that easy to digest. The positive side is that playing the longer game performs reasonably well.

Agree, people jumped to buy BTC at higher price too those who bought in 40k would be really worried now I mean excluding long-term holders, BTC is extremely risky and this live drop is a genuine evident for that nearly 20%
drop which is really shocking. Either a big institution would have sold in big numbers or a big whale would have entered.

We everyone know BTC market is very volatile and risky but it all depends on our plan and investment, so think and make a decision.
legendary
Activity: 2114
Merit: 1150
https://bitcoincleanup.com/
January 11, 2021, 11:30:56 AM
#8
For those who aren't aware yet, this is not the first time CNN talked about bitcoin.



A lot of the rally is supposedly due to institutional money being poured in. Many other potential institutional investors are seemingly looking into bitcoin as a reserve of value, and looking at the big picture with a wider period of time, it seems to comply.

Nevertheless, the message that a 20% drop in 24 hours sends is not that brilliant (despite a sizable drop being expected). Money tends to behave rather cowardly, and from a corporate point of view, a potential drop of 20% is not that easy to digest. The positive side is that playing the longer game performs reasonably well.
This got me thinking, what if these same institutional investors are playing the market to shake out weak handed retail investors to buy more BTC at a discount?
legendary
Activity: 2338
Merit: 10802
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January 11, 2021, 11:16:22 AM
#7
A lot of the rally is supposedly due to institutional money being poured in. Many other potential institutional investors are seemingly looking into bitcoin as a reserve of value, and looking at the big picture with a wider period of time, it seems to comply.

Nevertheless, the message that a 20% drop in 24 hours sends is not that brilliant (despite a sizable drop being expected). Money tends to behave rather cowardly, and from a corporate point of view, a potential drop of 20% is not that easy to digest. The positive side is that playing the longer game performs reasonably well.
hero member
Activity: 1890
Merit: 831
January 11, 2021, 11:05:19 AM
#6
The price of bitcoins below 33k $  is completely natural since people are now panic selling after the rally of 40k $. This was supposed to happen sooner or later and it's not as aggressive as the price was back in 2018.  
Well, I didn't watch this particular, but I think that with the increased interest, buzz, and hype, we will watch more mainstream media coverage. This could bring some fresh blood into our eco-system.
This could even mean that the government and the media can make negative reviews and the comments which can make people to panic sell more and the price can go well below 30k therefore this would be the perfect buying opportunity for the people who missed on the rally.

I will not consider it good. This means the price against fiat will drop now.

It's proven from the past that when mainstream media come into conversation and start highlighting the bull people jumps into the market but then market crash eventually. Whales start to sell and all those noobs in the community buy those coins. At some point price starts to drop and those noobs get panic attack and they also starts to sell in loss.

The opposite happens in bear market too. If anyone chase bitcoin based on the mainstream news then they will never be able to hold Bitcoin.


The media is never fair with Bitcoins therefore I believe they will do more harm than good and the people will say " see we told you "

The graph is fairly normal if people are there since the beginning it's completely fine if the price goes up and down after a major change.

Just wait and hold the coins.

Soon enough we will see a better rally in the future.
legendary
Activity: 2128
Merit: 1775
January 11, 2021, 10:59:39 AM
#5
Yes, Bitcoin is currently going viral, everyone is talking about it with this new 2020 record, the Bitcoin price hike has been counted 3 times this year, even though the stock market crashed due to the pandemic, Bitcoin is still going up.

It is not over yet. Currently investors prefer investing in cryptocurrency rather than gold, the biggest factor affecting the price of Bitcoin soar due to the weakening dollar USA, this is where the trigger for increased investment instruments against bitcoin.

If the dollar weakens over the next several years, it is likely that future Bitcoin prices will exceed current levels, Many televisions are currently discussing the current and future price of Bitcoin.
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