Pages:
Author

Topic: Cambridge Analytica type tricks used to FUD crypto? - page 2. (Read 334 times)

newbie
Activity: 32
Merit: 0
What else could people expect? Such things are not fair, but they will remain it this form or another.
This is not the first time on Facebook or other platforms and I'm sure it won't be the last. Everyone who uses it should be aware of it.
legendary
Activity: 1582
Merit: 1064
In recent times we have seen a Polish YouTuber that was sponsored by the central bank of Poland to run an anti crypto campaign. If a central bank is willing to let itself sink that low, then we shouldn't discard any other possibilities of high level fud and manipulation. At the end of the day, the stakes in the crypto market are insanely high. It may very well have been an attempt of the central bank of Poland to stock up Bitcoin at lower levels, we just don't know. Central banks have stocked up thousands of billions in gold, so why wouldn't they slowly stock up Bitcoins to prepare for what has to come? Yes, it's speculation at this point, but I am not, and definitely won't surprised anymore. It's all part of the game apparently....

Central banks (at least the major ones) stocking up on cryptocurrencies does seem to be a very remote possibility to me. Countries like North Korea and Venezuela might still do it as a proxy for storing foreign exchange, as they effectively become shut out from the international financial system. If any regular country tries to stock up cryptocurrency, it would seem to me that they have lost faith in the world order and the IMF. I don't see that happening very soon,
If a targeted campaign like Cambridge Analytica does take place, my guess is that it would be sponsored by the big banks. It would have to be a continuous campaign, not centered around an event like the US election.
hero member
Activity: 616
Merit: 603
Unlike Cambridge Analytica, cryptocurrencies interest area is targetted towards an audience that is much smaller. Cambridge analytica had a secretive campaign to manipulate votes through advertisements on social media and collection of important data from such users. For cryptocurrencies, it wouldn't really require such a campaign (although it's most certainly possible). Most prominent and large banks are already in this game towards spreading fear and uncertainty for their customers who invest in cryptocurrencies. They've even gone to the extent to threaten their customers of account closures and breaking long-term relationships with them over just a small transaction in cryptocurrencies. Similarly in one of the presentations by Bank of International Settlements (BIS) they had mentioned that authorities must be prepared to act against the invasive spread of cryptocurrencies to protect consumers and investors. Agustin Carstens also described Bitcoin as a ponzi scheme. Most of these are just FUD's created by banks, just for the sake that the banks survive a little longer while Bitcoin attempts to overtake traditional money.
legendary
Activity: 1232
Merit: 1091
In recent times we have seen a Polish YouTuber that was sponsored by the central bank of Poland to run an anti crypto campaign. If a central bank is willing to let itself sink that low, then we shouldn't discard any other possibilities of high level fud and manipulation. At the end of the day, the stakes in the crypto market are insanely high. It may very well have been an attempt of the central bank of Poland to stock up Bitcoin at lower levels, we just don't know. Central banks have stocked up thousands of billions in gold, so why wouldn't they slowly stock up Bitcoins to prepare for what has to come? Yes, it's speculation at this point, but I am not, and definitely won't surprised anymore. It's all part of the game apparently....
legendary
Activity: 3080
Merit: 1500
We are living in a fragile world where almost everything can be manipulated through strategic marketing. Social media like facebook or instagram are just providing a platform to execute this. Google is doing such type of marketing since ages. Other social media websites are just nothing compared to Google. If you are an android phone user, you are actually giving away all your personal information to them willingly but unknowingly. So there is a huge possibility of what you have mentioned.

Just to give you an example, if google decides to discourage you from using crypto they can do it very easily. They will simply index all negative news about crypto like banning of crypto and negative statements about crypto. Then these types of comments would be served through their advertising distribution network. If you keep seeing such negative news about cryptos for few days, you will automatically turn negative about it in your sub conscious mind and apparently we have no way to fight such kind of manipulation.
sr. member
Activity: 2604
Merit: 338
Vave.com - Crypto Casino
The Facebook scandal opened people's eyes on how they're being manipulated.

The news is dominated currently by Cambridge Analytica, the data company that helped propel Donald Trump into the White House. It is in hot water this week, following reports that it harvested information from 50 million Facebook users without their consent.

You can see how they went about their business in this video:

https://www.youtube.com/watch?v=mpbeOCKZFfQ

"The two fundamental human drivers when it comes to taking information onboard effectively are hopes and fears, and many of those are unspoken and even unconscious. You didn’t know that was a fear until you saw something that just evoked that reaction from you. And our job is to get, is to drop the bucket further down the well than anybody else, to understand what are those really deep-seated underlying fears, concerns. It’s no good fighting an election campaign on the facts, because actually it’s all about emotion."

Could it be possible that the same kind of analytics and manipulations are called in by banks and/or governments to FUD cryptocurrencies?

I don't think that you have to even go that further if governments or banks really wanted to spread FUD about cryptocurrencies in the social medias. Just a simple 1 article can really put a lot of pressure on the investors and the market as well. And it some other social media publisher or author will just spin the news around for clickbait, I'm sure that it will have a domino effect putting a dent on the market price. So we don't need analytics here, its not rocket science. Try to test it yourself, just post negative or fake news in your social media account and I'm sure that it will draw a lot of attention and can bring a lot of negative sentiments to emotional traders.
For us experienced users here on crypto any FUDS wont really easily shaken us but same as you said tendency on creating a panic or pressure would really be there no matter how false is the news is but there are still people who do took advantage and the same time people do easily panic too. Manipulation isnt really surprising either they would use trick to FUD crypto the truth would really still prevail.
full member
Activity: 392
Merit: 137
It seems to me that such manipulation is possible only when a person has no ideas. Any negative news regarding cryptocurrencies only affects speculators. They are afraid of everything. For them, the main thing is their capital. I'm not afraid of any bad news in the cryptocurrency world. My opinion can not change Harvard, etc. I will support the idea of cryptocurrencies regardless of the price.
legendary
Activity: 3080
Merit: 1353
The Facebook scandal opened people's eyes on how they're being manipulated.

The news is dominated currently by Cambridge Analytica, the data company that helped propel Donald Trump into the White House. It is in hot water this week, following reports that it harvested information from 50 million Facebook users without their consent.

You can see how they went about their business in this video:

https://www.youtube.com/watch?v=mpbeOCKZFfQ

"The two fundamental human drivers when it comes to taking information onboard effectively are hopes and fears, and many of those are unspoken and even unconscious. You didn’t know that was a fear until you saw something that just evoked that reaction from you. And our job is to get, is to drop the bucket further down the well than anybody else, to understand what are those really deep-seated underlying fears, concerns. It’s no good fighting an election campaign on the facts, because actually it’s all about emotion."

Could it be possible that the same kind of analytics and manipulations are called in by banks and/or governments to FUD cryptocurrencies?

I don't think that you have to even go that further if governments or banks really wanted to spread FUD about cryptocurrencies in the social medias. Just a simple 1 article can really put a lot of pressure on the investors and the market as well. And it some other social media publisher or author will just spin the news around for clickbait, I'm sure that it will have a domino effect putting a dent on the market price. So we don't need analytics here, its not rocket science. Try to test it yourself, just post negative or fake news in your social media account and I'm sure that it will draw a lot of attention and can bring a lot of negative sentiments to emotional traders.
sr. member
Activity: 434
Merit: 255
I'm not interested in someone helping Trump become President. I wonder who paid for it. I still consider him an agent of the Russians. But this method of promoting trump says that those who support him fools. In my choice it is impossible to influence from outside. I always do my own analysis. But many people do not have their own opinion and this can be a problem for everyone.
member
Activity: 196
Merit: 17
EFFECT.AI▲Decentralized network for A.I
The Facebook scandal opened people's eyes on how they're being manipulated.

The news is dominated currently by Cambridge Analytica, the data company that helped propel Donald Trump into the White House. It is in hot water this week, following reports that it harvested information from 50 million Facebook users without their consent.

You can see how they went about their business in this video:

https://www.youtube.com/watch?v=mpbeOCKZFfQ

"The two fundamental human drivers when it comes to taking information onboard effectively are hopes and fears, and many of those are unspoken and even unconscious. You didn’t know that was a fear until you saw something that just evoked that reaction from you. And our job is to get, is to drop the bucket further down the well than anybody else, to understand what are those really deep-seated underlying fears, concerns. It’s no good fighting an election campaign on the facts, because actually it’s all about emotion."

Could it be possible that the same kind of analytics and manipulations are called in by banks and/or governments to FUD cryptocurrencies?
Pages:
Jump to: