Topic: Bitcoin Reaction (Read 778 times)
If the media coverage of the benefits and advantages of digital currency then the community will slowly realize the importance of digital currency. But if media explanations reveal a loss, the danger of digital currency then people in their subconscious will reject the digital currency.
The news or updates are very vulnerable for bitcoin because the price of bitcoin reacts faster than what we expect because when there is a news like bad news for example, the price goes down dramatically and it causes a lot of losses from different investors who putted money in bitcoin and i think that if the wider media will spread the news fast then we can see even faster bitcoin reaction because that is one of the weakness of bitcoin, the news.
i think you can't really generalize it like this. it may have different results for different people. some may believe it and the first thing (the negative one) that they hear about bitcoin becomes what they will always remember from it. and no matter what happens in the future, they may never change their mind.
believe it or not some people are actually like that!
or some others may be affected by it, specially if it is someone big saying it but change their mind when they find out more about bitcoin and what it really is.
so far the result of all these FUDs which have been taking place for years, was never big enough to cause any permanent damage. it at least seems like it. and bitcoin is growing stronger every day despite all that!
believe it or not some people are actually like that!
or some others may be affected by it, specially if it is someone big saying it but change their mind when they find out more about bitcoin and what it really is.
so far the result of all these FUDs which have been taking place for years, was never big enough to cause any permanent damage. it at least seems like it. and bitcoin is growing stronger every day despite all that!
I just thought about a little theory. When I usualy tell friends or people in generall about cryptocurrencies and that they need to inform themselves about the subject the feedback is 90% positive. People realize that cryptocurrencies is the next "big thing".
So back to my theorie. In recent days there were a lot of discussions about Jamie Dimon CEO of JP Morgan spreding FUD. So if he actually gets people aware of crypto even by bad puplicity won't it be positive for the market despite causing a price drop by panic sellers.
So do you think even bad news about crypto in the wider media will drive the market up in the long run becuase it makes people aware?
So back to my theorie. In recent days there were a lot of discussions about Jamie Dimon CEO of JP Morgan spreding FUD. So if he actually gets people aware of crypto even by bad puplicity won't it be positive for the market despite causing a price drop by panic sellers.
So do you think even bad news about crypto in the wider media will drive the market up in the long run becuase it makes people aware?
I think this is a good question. Since the bitcoin market is not large, large media can easily manipulate it.
And at the moment BitKoin is only protected by the fact that it is not very popular among different groups of people.
Even bitcoin has a bad news,there are still a lot of people will be indulged with this which will be a result to have a higher marked up.Many countries are familiar with bitcoin and will not be affected by the bad news.
Bad news will make more people aware but not in a good way, and it can caused people to give bad judgement about bitcoin, in my place bitcoin popularity is already improving, people now recognized bitcoin as a future investment not as a criminal money anymore, but still some of my friends refuse to take part in bitcoin
So do you think even bad news about crypto in the wider media will drive the market up in the long run becuase it makes people aware?
i think that not a good way to drive up bitcoin to bad news. in my country have happen like this bitcoin become famous because there is a terrorist who want blow up bom and get paid using bitcoin. but it's not make bitcoin user in my country become afraid using bitcoin. in fact bitcoin not growing in my country Quote
So do you think even bad news about crypto in the wider media will drive the market up in the long run becuase it makes people aware?
Not really. This is money we're talking about. Some people are more tolerant of risks than others. Those who don't like risk will surely eat up any FUD they read and stay away. It might appeal to risk takers though. Still, if people are saying you're basically throwing away your money by getting involved in Bitcoin, then you're going to pay them attention. No one likes throwing away money after all.
very interesting theory. i have never thought about it like that. and i think it can be true. imagine you have never heard of bitcoin and you first hear about it from JP Morgan CEO who in turn calls bitcoin "fraud" or something like that and someone else calling bitcoin's collapse and calls it dead. then after a while (lets say 6 months) you hear about bitcoin somewhere else and see not only price is already 2 times more than previous time you heard about it but also it is being used more too, like in being accepted by the gaming platform you always place CS:GO (ie steam). you obviously will know who was right and who was wrong!
I just thought about a little theory. When I usualy tell friends or people in generall about cryptocurrencies and that they need to inform themselves about the subject the feedback is 90% positive. People realize that cryptocurrencies is the next "big thing".
So back to my theorie. In recent days there were a lot of discussions about Jamie Dimon CEO of JP Morgan spreding FUD. So if he actually gets people aware of crypto even by bad puplicity won't it be positive for the market despite causing a price drop by panic sellers.
So do you think even bad news about crypto in the wider media will drive the market up in the long run becuase it makes people aware?
bad news is still publicity and it will rais more interest good and bad in crypto. Wile dimon was spreading his fud not necessarily everyone would trust what he has to say just because he is the CEO of jp morgan. So back to my theorie. In recent days there were a lot of discussions about Jamie Dimon CEO of JP Morgan spreding FUD. So if he actually gets people aware of crypto even by bad puplicity won't it be positive for the market despite causing a price drop by panic sellers.
So do you think even bad news about crypto in the wider media will drive the market up in the long run becuase it makes people aware?
I don't really think that there is any bad publicity. It all serves to create more awareness of crypto currency so it will drive the market up in the long term.
What the JP Morgan guy said is the last hurrah of banking in general. Take the case of WELLS FARGO. They defrauded their customers as a banking giant. But nobody cared about banks like JP Morgan and Wells Fargo. It is not about Bitcoin getting the publicity. It is a question of why is it getting all the publicity. Because primarily Bitcoin deserves it.
I have read or heard about this quote, “bad publicity is still a publicity”, is it logical by the way. And most celebrities is using this gimmicks to gathered attentions to masses. Is it applicable to investments or cryptocurrency itself? Yes and I don’t have no doubt that it also affect the perception of every bitcoin enthusiast and investors.
The more the bankers suffer from bitcoins popularity today, the more people will invest in cryptocurrency because of hatred towards that institution. It would be described as a “sweet revenge”. Especially to the greedy and corrupted banking system we have.
The more the bankers suffer from bitcoins popularity today, the more people will invest in cryptocurrency because of hatred towards that institution. It would be described as a “sweet revenge”. Especially to the greedy and corrupted banking system we have.
I just thought about a little theory. When I usualy tell friends or people in generall about cryptocurrencies and that they need to inform themselves about the subject the feedback is 90% positive. People realize that cryptocurrencies is the next "big thing".
So back to my theorie. In recent days there were a lot of discussions about Jamie Dimon CEO of JP Morgan spreding FUD. So if he actually gets people aware of crypto even by bad puplicity won't it be positive for the market despite causing a price drop by panic sellers.
So do you think even bad news about crypto in the wider media will drive the market up in the long run becuase it makes people aware?
So back to my theorie. In recent days there were a lot of discussions about Jamie Dimon CEO of JP Morgan spreding FUD. So if he actually gets people aware of crypto even by bad puplicity won't it be positive for the market despite causing a price drop by panic sellers.
So do you think even bad news about crypto in the wider media will drive the market up in the long run becuase it makes people aware?
I think that such news can not influence the long-term trend.
The communion bitcoin is very faithful. And in the world there is a certain number of people ready to deal with bitcoin. These people have certain parameters, such as income, employment, lifestyle, values, and so on.
These factors involve new people in bitcoin, these people create demand. And this entails an appreciation of the course.
And one, even large, interview does not change the way and values of a large group of people. But for a qualitatively different growth - growth based on the use of ordinary people, and increasing the speed of turnover, bitcoin is an obstacle.
I just thought about a little theory. When I usualy tell friends or people in generall about cryptocurrencies and that they need to inform themselves about the subject the feedback is 90% positive. People realize that cryptocurrencies is the next "big thing".
So back to my theorie. In recent days there were a lot of discussions about Jamie Dimon CEO of JP Morgan spreding FUD. So if he actually gets people aware of crypto even by bad puplicity won't it be positive for the market despite causing a price drop by panic sellers.
So do you think even bad news about crypto in the wider media will drive the market up in the long run becuase it makes people aware?
So back to my theorie. In recent days there were a lot of discussions about Jamie Dimon CEO of JP Morgan spreding FUD. So if he actually gets people aware of crypto even by bad puplicity won't it be positive for the market despite causing a price drop by panic sellers.
So do you think even bad news about crypto in the wider media will drive the market up in the long run becuase it makes people aware?
Yes it will really drive the market up in the long run even if it is good or bad publicity because whatever is the issue in a thing it will still make a noise especially when some people that is in authority or in power is making a hate on something's that is really good then suddenly it pops and slam the face of the naysayers. Good publicity or Bad publicity, Publicity is publicity.
Bad news in this context is simply bad news. The mainstream population will be turned off using crypto when respected market participants make assertions such as Jamie Dimon's. That can't be a good thing. The fact is most people dont understand the tech and never will, so they rely on headlines in new media for their information. If all they hear is fraud fraud fraud that will hinder the future prospects of crypto.
Maybe. But there's still people who are easily panic. And i think that's normal and even on forex this happens. Cryptocurrency market has a very volatile ecosystem and small. So it can be easily collapse. So if people see a bad news. Panic sell happens causing a huge drop of price. If the cryptocurrency market is as big as foreign exchange (forex). Crypto market will be a strong market and it cannot be easily moved or collapse. But it's not forex. So you have to accept it. It is what it is. Some people are aware of that but not all specially those newbies who can't control their emotions.
Yeah the price of the bitcoin was low a month ago and the people use to transact the bitcoin and the other crypto currency is also going down so it is the time to the price of the bitcoin that will increase in the coming days. The reaction of the bitcoin according to you is right and it will take the currency of the other state and the other forum go high so it is the time to earn and to invest in bitcoin to get the bright future. for me the news is a thing while I mean if someone hears bad news bitcoin or crypto automatically they start to panic and this is where the speculators are not trained to buy or sell. they panic and they kulang experience of course the news only a glimpse of the wind through
Most of these negative news are targeted at creating artificial FUD's and it's unfortunate many fall victim to them. It's just a matter time before Bitcoin recovers from its tumble but these guys immediately sell jacking the patience and hence most are found on the wrong side of trading most of the time.
for me the news is a thing while I mean if someone hears bad news bitcoin or crypto automatically they start to panic and this is where the speculators are not trained to buy or sell. they panic and they kulang experience of course the news only a glimpse of the wind through
I just thought about a little theory. When I usualy tell friends or people in generall about cryptocurrencies and that they need to inform themselves about the subject the feedback is 90% positive. People realize that cryptocurrencies is the next "big thing".
90% is a great number but how much people are involved as a whole? In my case I take 70% of about 50 people think bitcoin isn't a big thing and just a normal currency or didn't even have encountered the word bitcoin.
So back to my theorie. In recent days there were a lot of discussions about Jamie Dimon CEO of JP Morgan spreding FUD. So if he actually gets people aware of crypto even by bad puplicity won't it be positive for the market despite causing a price drop by panic sellers.
Somehow yes. Whether good or bad, a publicity is publicity. Because of such negative claims by those big people around a big company, bitcoin was given a free advertisement and traffic over the internet or even in a television.
So do you think even bad news about crypto in the wider media will drive the market up in the long run becuase it makes people aware?
You already seen the result, at least. Those 90% of your people became aware of what bitcoin really is. Even with a negative introduction, if people really like to know more about this "thing" then definitely they will do their own research.
I just thought about a little theory. When I usualy tell friends or people in generall about cryptocurrencies and that they need to inform themselves about the subject the feedback is 90% positive. People realize that cryptocurrencies is the next "big thing".
So back to my theorie. In recent days there were a lot of discussions about Jamie Dimon CEO of JP Morgan spreding FUD. So if he actually gets people aware of crypto even by bad puplicity won't it be positive for the market despite causing a price drop by panic sellers.
So do you think even bad news about crypto in the wider media will drive the market up in the long run becuase it makes people aware?
So back to my theorie. In recent days there were a lot of discussions about Jamie Dimon CEO of JP Morgan spreding FUD. So if he actually gets people aware of crypto even by bad puplicity won't it be positive for the market despite causing a price drop by panic sellers.
So do you think even bad news about crypto in the wider media will drive the market up in the long run becuase it makes people aware?
Quite surprising that most of the people you told were positive on bitcoins, even if say they are engineeres or job people yet that's a high percentage. I don't think we all would have such a high number lol. No you're wrong about thinking that bad news does publicity of Bitcoins, it doesn't do that, it creates negative Vibes and mindset. People don't like to hear negative things about their investments, so only positive news are required.
I have experienced the same, when trying to explain most people don't seem to be impressed and some seem quite negative.
Maybe we need to start explaining to people who really need money
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