In the entertainment industry, entertainers need the news to trend and remain in vogue. Be it a good news or a bad news, it puts their names up on blog post, newspaper headlines and most importantly in the mouth of people. We can deduce from this that Entertainers need the news to stay valid and in vogue and without trying to constantly be in the news be it for a good or bad reason, they can fade away and people quickly forget.
(Replace "entertainment" with "cryptocurrency")
In the cryptocurrency industry, cryptocurrencies need the news to trend and remain in vogue. Be it a good news or a bad news, it puts their names up on blog post, newspaper headlines and most importantly in the mouth of people. We can deduce from this that cryptocurrency need the news to stay valid and in vogue and without trying to constantly be in the news be it for a good or bad reason, they can fade away and people quickly forget.
Been thinking - What do you think is the biggest news cryptocurrency needs that will increase its popularity?
The hype on every news feeds is one of a key factor to consider cryptocurrency's increasing popularity of this modern days. Some would be good and might be bad depending with the content of their news and articles, because when bitcoin rises abundantly there's a lot of FUD paid by rich investors who's aim was to take down bitcoin cryptocurrency. Everything within competition would rather be good and evil, at least they'll going to create negative images to their rival in business.
It's more like a circus of ideas which became an entertainment for everyone, the more it's trending the it will become so popular.
I admit that the increasing popularity of cryptocurrencies is indeed a factor in the many news circulating on the internet about cryptocurrencies.
Therefore, if there are influencers or celebrities who promote crypto, surely crypto will very significantly increase in popularity and it will make
the price of Bitcoin go up. But on the other hand, this will be used by rich people who really want to manipulate for personal gain. It is usually
rich people who have large amounts of Bitcoin, will spread FUD to make Bitcoin price fall and they can collect Bitcoin by buying from panicked
investors. So in the crypto world, news is indeed a key factor in price movements in the market.