But not exposure is good for bitcoin when it comes in trying to appease the general publics expectations of what they want from buying and using it.
This is the problem with these large corporate shows covering stories about it. They do it on their terms and alot of editing of interviews can make it out to what they want the viewers to see.
Topic: CBS '60 Minutes' 5/19/19 on Bitcoin. Will it cause FOMO or FUD? (Take the Poll!) (Read 397 times)
May 20, 2019, 07:08:35 PM
May 20, 2019, 06:19:56 PM
It doesn't matter if it's Fomo or Fud. They just want to be on the mainstream and make sound because Bitcoin's current price is in the mainstream as well. What I observed is they lack an explanation so it became pointless for me. I guess their main goal was just to promote and to advertise.
May 20, 2019, 04:12:15 PM
The piece was so bland IMHO, that it did not hurt nor help btc in anyway...
Seasoned Bitcoiners are pretty demanding, therefore consider most news coverage and/or documentary fragments to be bland or non information, but for average joes this is completely different. Everything related to Bitcoin is new and exciting, and I'm certain that this documentary or whatever you want to call it will do good and even motivate people.
The first time I heard about Bitcoin was through a documentary and I can remember that I got pretty pumped after watching it. If even a slight percentage of the viewers of CBS's 60 minutes end up digging into Bitcoin, that's a massive plus. It means more adoption than we had before the documentary, which we can't complain about, right?
May 20, 2019, 03:23:16 PM
So I guess I should have voted for Neither in the poll, not FOMO...it was kinda meh...for whoever watches it IMHO.
It did not do anything good or bad toward Bitcoin's Reputation...It simply did what we all do/know when talking with newbs about BTC, so 60 minutes got BTC
It did not do anything good or bad toward Bitcoin's Reputation...It simply did what we all do/know when talking with newbs about BTC, so 60 minutes got BTC
Any coverage is good coverage, especially if it's not intentional misinformation and debunking. 60 Minutes is huge among the mainstream middle-aged crowd. That kind of coverage combined with the recent rally will expose lots of regular folks to Bitcoin. Some of them will look further into it, or will be asking their children to invest for them.
May 20, 2019, 11:26:10 AM
Well, CBS on '60 Minutes' Tonite will have a segment on Bitcoin.
What do you think? Either before you watched or after you watched or just guessing. Take the Poll.
Will the result of this cause FOMO? (Balanced reporting IMHO on Bitcoin?)
or
Will it cause FUD? (Unbalanced reporting IMHO on Bitcoin?)
Take the Poll on here.
Chump or Champ, we are always the 'first' to know! Ack!
What do you think? Either before you watched or after you watched or just guessing. Take the Poll.
Will the result of this cause FOMO? (Balanced reporting IMHO on Bitcoin?)
or
Will it cause FUD? (Unbalanced reporting IMHO on Bitcoin?)
Take the Poll on here.
Chump or Champ, we are always the 'first' to know! Ack!
Here is the actual source:
Bitcoin's wild ride
Anderson Cooper reports on how bitcoin was started, where it may go and some of the people who have ridden the cryptocurrency roller coaster over the last 10 years
Watch it, its good. No wonder the price is rebounding up...
Laszlo (Pizza man) achieving world fame (again) by getting interviewed in CBS 60 minutes world famous show.
This was good coverage, it think it was quite accurate. Worth watching and sharing for those that still don't get it. Genesis mining got a little free advertising, but thankfully no one mentioned their core business (cloud mining).
Oh and my country got mentioned too, because, reasons...
May 20, 2019, 09:57:40 AM
What is the most important thing here is that bitcoin is now truly being talked about in the popular mainstream media and reality speaking we could not expect these people who are into cryptocurrency to fully grasp the whole beast. As they say, even negative press mention can still be turned into a positive one because you are on the buzz. I am sure that there will be some people who will research for more details on bitcoin because of that broadcast. Somehow this can create some FOMO but we should not think that a single program time allocation can create a tide for bitcoin there is no way for that to happen.
Some pieces say it is POSITIVE for Bitcoin..go figure...I think it was 'meh' also...but anything from the mainstream that does not come right out and bash BTC or crypto
is probably a good thing.
The piece was so bland IMHO, that it did not hurt nor help btc in anyway...
here is a another view
https://coinfomania.com/60-minutes-bitcoin-was-a-positive-exposure/
May 20, 2019, 08:00:35 AM
Wow! I really loved that show when I was still watching TV! I think they won't be biased and will show the two faces of how people use bitcoin. I'm going to save it on my notes to watch the full segment. That exposure is guaranteed fomo for many people who watched the show when we see btc 20k$ again.
May 20, 2019, 07:52:04 AM
Hard to summarize Bitcoin in 13 minutes but they tried and did a decent job even though it was mostly about Charlie Shrem's story.
At least, there was no FUD and the ending says it all "it's a 50/50 chance that it will succeed".
At least, there was no FUD and the ending says it all "it's a 50/50 chance that it will succeed".
Yes, Neha Narula of the MIT Digital Currency Initiative did a fantastic job explaining cryptocurrency to Anderson Cooper and the audience. Her insights definitely made this clip a must-see for those who wonder where this industry is heading. It's nice to finally see one of the main academic figures working to advance the technology.
May 20, 2019, 07:48:50 AM
Here is a link to the CBS 60 Minutes piece of 5/19/19.
https://www.cbsnews.com/news/bitcoins-wild-ride-60-minutes-2019-05-19/
My view on this is posted in the thread below. Make your own conclusions in regards to the poll. (Take the Poll)
later
Brad
https://www.cbsnews.com/news/bitcoins-wild-ride-60-minutes-2019-05-19/
My view on this is posted in the thread below. Make your own conclusions in regards to the poll. (Take the Poll)
later
Brad
Thank you. I watched the program and I can say it was impressively done and neither pro- nor anti-bitcoin. It simply covers the rise of the cryptocurrency into a multi-billion dollar industry along with the struggles of early entrepreneurs such as Charlie Shrem, as well as its hyper-volatility. It leaves open the possibility that cryptocurrencies may transform the world just as the internet did.
May 20, 2019, 07:24:50 AM
Hard to summarize Bitcoin in 13 minutes but they tried and did a decent job even though it was mostly about Charlie Shrem's story.
At least, there was no FUD and the ending says it all "it's a 50/50 chance that it will succeed".
At least, there was no FUD and the ending says it all "it's a 50/50 chance that it will succeed".
May 20, 2019, 05:40:18 AM
The second they mention anything about fiat price, I am turning it off.
What a waste of time. CBS you owe me 16 time coins.
Charlie you are not the Moses of bitcoin you are the false prophet who did it for self profit.
Read the first sentence of the white paper, you changed bitcoin into fiat, contrary to the whole vision.
What a waste of time. CBS you owe me 16 time coins.
Charlie you are not the Moses of bitcoin you are the false prophet who did it for self profit.
Read the first sentence of the white paper, you changed bitcoin into fiat, contrary to the whole vision.
nice, albeit small, yacht, though
.Yah, I hope it is worth living millions of lives that have been ruined. Congrats on doing dishes for a few weeks! come work on my farm buddy! I bet I pick more cherry baskets in two hours than you in a day! I bet the 12 year old me beats the today you!
May 20, 2019, 04:39:48 AM
It's a lot less FUD-ish than I expected though, so I see that as a positive.
My standards and expectations were quite low as I was expecting clips from Warren Buffet and Jamie Dimon calling bitcoin a scam or something. Both of them not being in the video is a win for me. it may be because things are slowly starting to change a little over in US. for example with creation of Bakkt, with involvement of big companies in it and some other cases of involvement of big companies with bitcoin (like all those that started accepting bitcoin payment recently),... the media can't outright say bitcoin is scam anymore like they were doing before.
May 20, 2019, 03:05:53 AM
for me the shrem/pizza parts of the show was 'meh', just social drama entertainment.
but when they interviewed the woman who is at a digital currency initiative department of MIT i thought there would be more accurate and deep content. but it seemed she was not very 'MIT' ish
firstly comparing it to fiats 'belief in value, and thats it' (facepalm)
next was the whole describing mining segment involving genesis mining.(facepalm)
ASIC's do not store records(asics have no hard drive).. so saying the mining done by genesis is the location where records are kept can be misguiding people to think genesis mining are 'the bank' and user software just 'watches the numbers and letters'
lastly the MIT woman then has the 50/50 mindset that 'it can flame out and die'. meaning she is on the fense and hasnt really got into understanding the potential
maybe i got this all wrong and the show '60 minutes' is not about 60 minutes of indepth reporting. but 60 minutes of how much effort they put into preparing, researching, interviewing and travelling.(meaning no spare time to double check before publishing)
but when they interviewed the woman who is at a digital currency initiative department of MIT i thought there would be more accurate and deep content. but it seemed she was not very 'MIT' ish
firstly comparing it to fiats 'belief in value, and thats it' (facepalm)
next was the whole describing mining segment involving genesis mining.(facepalm)
ASIC's do not store records(asics have no hard drive).. so saying the mining done by genesis is the location where records are kept can be misguiding people to think genesis mining are 'the bank' and user software just 'watches the numbers and letters'
lastly the MIT woman then has the 50/50 mindset that 'it can flame out and die'. meaning she is on the fense and hasnt really got into understanding the potential
maybe i got this all wrong and the show '60 minutes' is not about 60 minutes of indepth reporting. but 60 minutes of how much effort they put into preparing, researching, interviewing and travelling.(meaning no spare time to double check before publishing)
May 20, 2019, 02:08:46 AM
It's a lot less FUD-ish than I expected though, so I see that as a positive.
My standards and expectations were quite low as I was expecting clips from Warren Buffet and Jamie Dimon calling bitcoin a scam or something. Both of them not being in the video is a win for me. May 20, 2019, 01:53:31 AM
I think their main goal was to declare Bitcoin as a temporary FAD. They took "clickbait" type negative events from the past to discredit Bitcoin and sensationalized the topic. 
Many news media outlets did the same thing with the Internet back in the early days and look how that turned out now. These kind of things must be seen as a challenge for us to prove them wrong. Just continue what you are doing and grow Bitcoin organically without all the fuzz influencing your views on the technology.
Many news media outlets did the same thing with the Internet back in the early days and look how that turned out now. These kind of things must be seen as a challenge for us to prove them wrong. Just continue what you are doing and grow Bitcoin organically without all the fuzz influencing your views on the technology.
May 20, 2019, 12:47:57 AM
It won't cause neither FOMO or FUD,because nobody cares about CBS. 
Again the mainstream media starts paying attention to bitcoin only because the btc price is up.
If another price crash occurs,the mainstream media will forget about bitcoin(again).
Again the mainstream media starts paying attention to bitcoin only because the btc price is up.
If another price crash occurs,the mainstream media will forget about bitcoin(again).
May 19, 2019, 11:41:30 PM
The whole segment was about charlie shrem known as bitcoin moses and his fall into bad luck with taking a payment which was used to buy illegal things on the dark web.
It did have some good points but overall it was just directed towards the public view about it. As a skeptical thing to use and banks were safer with its fiat financial system.
It did have some good points but overall it was just directed towards the public view about it. As a skeptical thing to use and banks were safer with its fiat financial system.
This one. I think it was more on Charlie than bitcoin itself. So I say it's just a so-so interview and wouldn't have cause that much FOMO.
But at least we have that mainstream covering it, so I say it might bring some effect in the future. And there could be more sensationalized coverage later, who knows.
May 19, 2019, 11:33:04 PM
I do not assess FOMO and FUD because we do not know the reason why things are happening. But with what is going on, we see this is a big FOMO when the trading volume has increased sharply in the past days. Bitcoin prices have increased by $ 1,500 in a short time. It is still rising at present. We should be optimistic when CBS has brought Bitcoin back to the track.
May 19, 2019, 10:58:23 PM
What is the most important thing here is that bitcoin is now truly being talked about in the popular mainstream media and reality speaking we could not expect these people who are into cryptocurrency to fully grasp the whole beast. As they say, even negative press mention can still be turned into a positive one because you are on the buzz. I am sure that there will be some people who will research for more details on bitcoin because of that broadcast. Somehow this can create some FOMO but we should not think that a single program time allocation can create a tide for bitcoin there is no way for that to happen.
May 19, 2019, 10:31:28 PM
Just watched it minutes ago. Though it was a lot better than I expected(I was expecting mostly FUD), it was still "meh". I don't think it's going to bring in significant buyers. Probably just got a few people more curious about it, but beyond that, nothing significant.
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