Topic: Bitcoin UP: bitcoin is awesome; Down: bitcoin is shit and fraud (Read 866 times)

Awfully interesting proposition. Obviously not a scam.  I shall examine.

Yeah, that would fall under media sensationalism. There is no middle ground because the middle ground is boring. Boring doesn't sell. It's better to just pay no mind to their projections. Separate facts from opinion.

Who has long been following bitcoin, or at least studied his history knows that bitcoin always grows, then falls. Only freshmen or non-professionals panic from falling. The task of the media is to make news, and in bitcoin as well. Positive, or negative.

It's not a conspiracy or anything complicated - it's clickbait, it's how you sell news. If you run a news site and want people to visit it (which is how you make money) you do this. You don't say when it's rising that it will probably level off soon or if it's falling that it might come back up later - who would click to read that?

Well to be honest, i will say that this is how the financial markets move, the Newspapers, Radio,TV, and internet all wants other amateur traders to stuck up their capital in Top or bottom and by this way they make losses if you follow them blindly. They don't want you to make money, because professional will make money from your losses and so the media is really misguiding us . I have came to know that all the media sources gives us positive news when the cryptocoin is trading at top and then they gives bad news when the cryptocoin is trading near bottom.

It the game of time and game of management of nerves when its high then sale and when it is low start buying. Same is the thing with bitcoin and no one will get as much as benefit than in bitcoins so don’t think its fake ask people who had scored profit In it and now living in better way so believe in it and invest you will never regret,

it just goes to show that crypto attracts terrified kiddies who know nothing about trading. the level of maturity, or lack of, constantly blows my mind.

i was a reading a thread today about someone who put $50,000 into a few alts just before all this china stuff and then sold a few days later for less than half. that's a huge sum to risk and a huge sum to waste.

i can't muster any sympathy for such a weak asshole. there's enough history out there now for people to know how violently it can move to the downside. if you're not strong enough for a little patience then you shouldn't be here in the first place.

Most people's sentiments are based on the past.

It's rare when someone can focus only on the future and discard the past in forming an opinion.

Well, that is how life is. When things are going good, everyone gets happy and they end up being full of praise but a slight drag to the negative, and we start having different stories out of panic and anxiety.

decentralization is cool and all, but decentralization does not money make. fiat is centralized as fuck, but has been working just fine as a medium of exchange for quite some time now. privately owned gold is decentralized, but that doesnt really add to the value/appeal in this circumstance. while bitcoin might seem trustworthy to us, users that are frustrated with the traditional banking system, its not so cool from their perspective. as a government, you need to be able to artificially contract and expand the supply, in order to accomodate certain legislative aims. you simply cant do this with bitcoin; it thus makes a poor choice as a "money" (national currency).

This is nothing new. Bitcoin has faced many adversities like this and has come out strong. Nothing can stop the rise of bitcoin and the crypto currency world. Just HODL your coins.

I don't think those words should ever be in the same sentence with Bitcoin. Bitcoin is the msot trustworhty currency because it is decentralized!!!

I think for those who are already used to investig, we always get this comment from everyone, whenever the price goes up, they will say, you have done an excellent job, no one saw it coming but you, you are always one sep ahead of the game, however if the price went down, it is usually common to say, it is a fraud, you were lucky you didn't invest all, some , even those who are not familiar with investments, would tend to teach you, they will advise you as if they were also investing. I think the problem we have here is that people are being miseducated or perhaps not being educated at all, it is sad to say, that those who bad mouthed bitcoin because of the fall, some of them are also bitcoiners, well i guess once in their lifetime, these people need to know the basics of investment, so they will not fall for any negativity again, if they will try to buy back their bitcoin and hodl, what i see here, is that these people are new to investing, they just go with the flow, they do not even bother to check out the updates, what they just want to see is them earning, they didn't even ask themselves at what level they can tolerate a loss. As a community, we can help those new to investments if they ask us, so in time, we will never hear such bad mouthing again from their own ignorance.

Sorry to say but this topic is made for you majority of people who think and say like this. . You're saying it because its down isn't ?.China banned the ICO's so its value decreased. If you think its dead so you can leave the community but you can't say its dead nobody's know when it go up.

Bitcoin is not dead or down forever, so no need to spread this negative news.

Yes!! People always fall in panic when bitcoin price growing up or fallen on $100!

Those news papers are mainly looking to get traffic/readers. They need to find something to say about anything, and when you're a journalist it's not always easy to find something (useful at least)0 So they just follow the trend and turn it into a soap opera. At this current situation, they can not really publish articles saying Bitcoin is swag.
Now there are people reading them and following them (no matter if the journalists are not specialized in crypto  market...) and there are people reading them and ignoring their stories

It's not only happened with bitcoin but also other altcoin too. When price is increase peoples support and once it's decrease they blame on Bitcoin, they blame on altcoin that it's fake.. I think Bitcoin is the real gold no matter price up or down... Its always give you a good return but you have to have patience and wait...

Those people maybe don't know bitcoin very well those who think it is a scam maybe doesn't have the knowledge about bitcoin it's in the nature of bitcoin to have this kind of fluctuations it sudden up then goes down but the sure thing is bitcoin continue to appreciate no matter what and it is always a investment for me

It's almost pathetic how people read first word of a comment and make their assumptions to just say what they like to say

show me where i said every single Japanese (man, woman, and child) are using bitcoin instead of cash!

not at all, next time you went to Japan try vising one of the shopping centers, you will see at least a couple shops with the "bitcoin is accepted here" sign.

you went out of your way to make this topic about something else that it is not. thanks!

When you trade, you need to build hype if you have a position on a coin. You want the value to go up and sell to make a profit (obviously, that is the name of the game). The moment you sell, however, you want the price to go down. The last thing you want is the price to go up, and end up possibly having to buy back in and lose money. Many people are selling now and they do not want the price to go back up, and this is why there is so much negativity in the past 24 hours.