Topic: Bitcoin is being discussed on CNN just now - page 2. (Read 244 times)
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.
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.
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.
Well, I don't think that's something that's going to happen 100% of the time.
The recent rally has been fuelled more by institutional investors than by retail ones. Also because a lack of supply. And I think institutional investors and the lack of supply are two factors that are not going to be influenced by wether there is a debate on bitcoin on CNN or not.
legendary
Activity: 2464
Merit: 3878
Hire Bitcointalk Camp. Manager @ r7promotions.com
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.
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.
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"?
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"?
Jump to: