Bloomberg shifting position on Bitcoin

jtipt

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Quote from: JPnotmorgan on September 18, 2017, 10:33:52 PM

I am guessing they recognize they lost the war!
In the last week, Bloomberg negative coverage for bitcoin was obvious, but in the last 72 hours, multiple positive articles, and news been released.

Yeah that's only because they can clearly see what they were saying was either completely wrong or turned out to be wrong. And now since the price is increasing they need to address that. I don't think Bloomberg was covering negative things about btc purposely, it was probably a correct decision given the drop in price.

DoublerHunter

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That is the proof that most of the doubters of bitcoin are now changing their position and they are now going into investing in bitcoin and i think that in the future those against about investing in bitcoin will make a huge change and they will choose to be with bitcoin in the market and for sure they will invest in bitcoin because they doesn't want to lose the chance to make a lot of money in just a shorter period of time than investing in stock market.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: The Sceptical Chymist on September 18, 2017, 10:40:49 PM

That's because the price is rebounding. When something drops, media gives you bearish stories. When the price soars, all you get is bullish stories. That's the way I've always seen it to be. But all these news outlets have their heads up their asses. I don't read or view anything from the MSM anymore. Too much bias and sheer stupidity.

This type of FUD and propaganda based news is common in every aspect of life as far as I have seen. Everyday the media is looking for clickbaits and methods to draw traffic to their product. They just need exposure and thus are ready to throw in every other method of drawing the public to their website. I hate how these companies are ruining the system of news and making everything biased. But yes that is how the internet works after all.

magneto

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Quote from: JPnotmorgan on September 18, 2017, 10:33:52 PM

I am guessing they recognize they lost the war!
In the last week, Bloomberg negative coverage for bitcoin was obvious, but in the last 72 hours, multiple positive articles, and news been released.

It's weird how they change positions so quickly. Really makes me wonder whether or not they have any vested interest in bitcoin, and switching from negative news from one day to completely positive coverage talking about the rally and how the previous negative news were wrong the next.

We've seen this countless times with news outlets, public figures and politicians - their words seem to affect bitcoin's image and price so much. But people don't realize that in the end, they have no influence over the bitcoin network apart from limiting its environment and surrounding factors. They can't rule over the network, because it is decentralized.

So don't believe the FUD, and don't fall into the hype either. Make your decisions rationally yourself. Bitcoin isn't a fraud just cause some guy says it, nor is it going to go to 1 million dollars overnight if someone says that either.

bitjoin

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Quote from: JPnotmorgan on September 18, 2017, 10:33:52 PM

I am guessing they recognize they lost the war!
In the last week, Bloomberg negative coverage for bitcoin was obvious, but in the last 72 hours, multiple positive articles, and news been released.

They cover both positive and negative for most of the whole time i can remember, i mean check a video out from them years ago https://www.youtube.com/watch?v=88s66zy1n9I Seems to be mostly postive right. Them and RT have a decent investment into bitcoin imo.

Odora

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I think all that is said in bloomberg is only for politics, they are like declaring war on bitcoin, but the fact is bitcoin is even stronger because of the community ..

1Referee

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Media rides that what is popular. I remember having seen an article from CNBC I believe, not exactly sure on that, but it was pointing at Ethereum that it wouldn't take long to replace Bitcoin as being the most valuable crypto asset in terms of its market cap (yep, that's pure market cap noobishness). That was when Ethereum was increasing in value and reached its all time high peak - looking back now at all the media sources, there is nothing they have to say about this anymore. Cheesy

It's like they just have never said it and try to bury these articles deeply under another load of worthless articles.

yugyug

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this is dedicated to the people who make shit with the bitcoin :

Wrong information always shown by the media
Negative images is the main criteria
Infecting the young minds faster than bacteria
Kids wanna act like what they see in the cinema

- if you are as influential as MR. Dimon, then you can easily manipulate the market and buy the dipping bitcoin to your desired price.

eternalgloom

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They are just blindly following the trends, I mean it's just too easy to jump on the bandwagon when there is negative news about Bitcoin and focus on that instead of bringing some nuance to the whole matter.
Nuance doesn't sell but exaggerated headlines do. They're just looking to get more people to click on their articles, it's as simple as that. I personally don't think they have their own agenda to push with bitcoin.

agustina2

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Quote from: Carlsen on September 19, 2017, 02:55:53 AM

I somehow get the feeling that bad news sells better.
It's not only a thing concerning bitcoin or the financial industry.
The positive news, to me they seem to disappear much faster from the media.
But whenever there is drama, you se reports about that over and over again.
Until nobody can hear or see it anymore. Then they move on to the next drama, if they can find one.

Im seeing that too. Bad news always gives good results after some stressful days. And for media, they can't fully manipulate now people's mind since we have lots of resources already. Actually not just in the world of cryptocurrencies, but media sucks even on politics.

Good thing social media is there and we can share thoughts about a certain thing hence giving us some enlightment if things are fabricated or not.

MostHigh

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First it was all negative news items on BTC, now they are singing the praises. I dont blame them, with media they are all around to champion the agenda of the masters so if the banks see BTC as a threat to their gains then it trickle down to what they want reported at Bloomberg as well. If they making good headlines on BTC then it could be one of two things. They understand and accept BTC now or the Banks are also incorporating systems that can help them adapt to BTC

TheQuin

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Quote from: The Sceptical Chymist on September 18, 2017, 10:40:49 PM

That's because the price is rebounding. When something drops, media gives you bearish stories. When the price soars, all you get is bullish stories. That's the way I've always seen it to be. But all these news outlets have their heads up their asses. I don't read or view anything from the MSM anymore. Too much bias and sheer stupidity.

This is exactly how all the financial channels cover all markets not just crypto. If oil goes down today they'll highlight a negative story on oil to explain it, or if it goes up they'll feature a positive story. The same is true of any asset class. The traders only watch the wire services so they can immediately react at the instant a headline comes out, they don't care for the end of day roundups claiming to explain why the market moved. No one cares why they made or lost money today.

Carlsen

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I somehow get the feeling that bad news sells better.
It's not only a thing concerning bitcoin or the financial industry.
The positive news, to me they seem to disappear much faster from the media.
But whenever there is drama, you se reports about that over and over again.
Until nobody can hear or see it anymore. Then they move on to the next drama, if they can find one.

Pursuer

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Where is my ring of blades...

they just publish whatever they want according to things that are going on!
for example if bitcoin is rising, as in being in a rally and everyone is happy about the rise, then they will publish something encouraging that is according to the majority's feelings. they call bitcoin the breakthrough of the century and talk about how it will be 1 million dollar soon.

then if the price stops rising and a fall takes place, all of them change stance as fast bitcoin price changes direction. then the articles change from what it was before to: bitcoin is fraud and is dead. and they start talking about how it is waste of energy and money and they will predict the drop to $10 soon.

... it is all bad journalism. sometimes even they do it on purpose because they have some investment at risk.

iamTom123

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Quote from: The Sceptical Chymist on September 18, 2017, 10:40:49 PM

That's because the price is rebounding. When something drops, media gives you bearish stories. When the price soars, all you get is bullish stories. That's the way I've always seen it to be. But all these news outlets have their heads up their asses. I don't read or view anything from the MSM anymore. Too much bias and sheer stupidity.

We should understand that this is the way the media is doing their job all because they want to get as much attention they can have from their viewers because at the end of the day the most important for them is having a good ratings...they want their content to be sold to the market so they can attract more advertisers.

And because of that commercial interest, they are never good source of unbiased news and ideas. They are just going with the flow and as you said they can go with negative news when Bitcoin is low and when it is back surging expect more positive spin about Bitcoin. We should really be expecting this kind of a system because they are all at the mercy of their advertisers.

That is why intelligent people these days are already shunning the mainstream media and they just listen to them as a sort of a head-start and not anymore as the best source of detailed information.

swogerino

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Bloomberg is like the Goldman Sachs bank, they issue daily advises to their customers and sometimes they have views in longer term for certain economic factors. They change this long term view quite often so it is no surprise Bloomberg does the same with bitcoin. Bitcoin price will continue to grow as more and more people release how good it is as a payment system.

ramsdaj28

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اللعنة

Quote from: JPnotmorgan on September 18, 2017, 10:33:52 PM

I am guessing they recognize they lost the war!
In the last week, Bloomberg negative coverage for bitcoin was obvious, but in the last 72 hours, multiple positive articles, and news been released.

Because it's so obvious that the value of bitcoin is rising up again. He will look like a lost child if he kept on telling that bitcoin is dumping when in fact, people can even google the price of bitcoin. I think, that his negative feedbacks about bitcoin in the past few days is kind of sort of strategy to confuse people and get them into panic selling again and make the value of bitcoin drop. However, people nowadays are too smart to do some research before believing that man.

Kakmakr

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Do not be fooled by these people. They often package a bad article under a good title to grab people's attention. You see the click bait article and it looks positive, but when you start reading it, it is mostly negative. We do not see them as a unbiased source for news anymore. < not just because of Bitcoin news, but on other matters too >

The media is very unreliable and biased when they report on Bitcoin matters, and they will jump on any negative news and ignore the good news.

glowing10

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Well this is actually a positive sign I would be treating because Bloomberg might have realized the potential of bitcoin has and its future. So they would have made the stance change considering the future and other related media houses reaction to bitcoin.

Za1n

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Yeah, it really makes you wonder how much behind the scenes manipulation really happens by the big players. Jamie Dimon bad mouthing Bitcoin followed by nothing but bad press to help drive the price down along with the China news. Then not even a few days later the price rebounds not seeming to care about any of the recent events and the press suddenly is full of positive news again. The type of things that make you go hmmm.

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