Topic: Did you notice the silence about this bitcoin crash in Mainstream media! - page 2. (Read 4573 times)

BTC is still it's in infancy stage it can always be improved however the technology simple but can be built upon on many levels. I do not think people at this stage even acknowledge it due to understanding.

Basically, no one cares because it affects very few people... and the hipsters have moved on.

I'm very pro-crypto, but the Bitcoin dinosaur is in trouble.

There is no way one can defend the flat-lining of velocity despite 10 or 100 times the retailers...
Dead flat at about 70,000 transactions/day... of that at least half is just trading/exchanging/speculating.

http://qz.com/276841/falling-prices-arent-the-real-reason-to-worry-about-bitcoin/

Forbes has an article on the recent "crash". I think that is pretty mainstream as far as crypto goes. I don't expect to see bitcoin news to be reported on Fox News TV or whatever.

Probably because we rip them a new one when make an article about it LOL.

And there it is. Today's BBC article. Off-putting title, but quite objective overall:

"Bitcoin price falls to 11-month low"

http://www.bbc.co.uk/news/technology-29507443

I did find it quite interesting that all the naysayers didn't jump on this crash. Perhaps in a few days they will "realise" its down and the negative media stream will restart.

I for one am quite happy the 30k sellwall didn't last long

The media knows about waves in the market. The media is not scared yet. They don't know what to expect. But, they will be scared when the next wave comes, and Bitcoin goes to $10,000. If fiat doesn't collapse then, it will absolutely be the end of fiat the following wave, when Bitcoin goes to $1,000,000.

good video

but it should explain more why retailers are putting downward pressure on exchanges since retailers churn btc into fiat

mainstream media is 100% biased to vested interests

just follow the blockchain.info user base for their wallets

that's in our opinion the only number to follow

it's at 2M range now

700K wallets btc was at 1100 or so

70K wallets btc was around 100

7M is the next major number for that fundamental if you can consider any number to be a legit fundamental for btc

in our opinion we think that vice use is the main need at this time to grow btc

more silk roads
major casino exposure
adult site exposure

drugs are illegal but casinos and adult sites all have a need for btc in our opinion

so having a net currency just for vice related activities that traditional banks hate is the fuel to feed the growth of btc in our opinion

so viral growth vice portals are way more important to btc than financial news and major retailer news

all that stuff needs btc to be mainstream

whereas viral vice growth is a real need for the net

you know how many points sites pay to even begin to try to accept traditional fiat for casinos and adult related sites?

way too many points so in our opinion vice portals demanding btc is the key way to move this concept globally

the more adult sites and casinos that take btc is a reason for the average consumer to try a btc wallet

so if the people that like the 'concept' of an international currency focus on spreaing viral vice related growth there will be nothing to stop btc

all the govs there are can say we regulate it, but guess what, it can't be regulated

LOL

the real growth 'need' for btc is to fuel hard to get regular bank account industries to use and demand btc

drugs are of course illegal in most areas

but in some its legal

so btc is great for legal drug areas (recent cannabis states an example)
pill mill doctors too is a potential growth area of btc users to acquire wallets
online casinos and adult sites are a natural place for btc too

if btc had a legitimate PR department they would focus on sites that traditional banks give a hard time

illegal drugs
legitimate drugs
online gambling
online porn and cams and hos

that's the real current need for average consumer to acquire btc to feed their vice related habits

sure it's nice to see mainstream retailers take btc, but these retailers all churn btc into fiat that fuels downward pressure on exchanges

so back to basics, btc was supposed to be a non regulated net currency

who needs that?

vice sites do

so if there was a central PR department for btc merchants they should be focusing on educating major vice portals that all have problems with banks

no problems with btc for vice sites is there?

with the numerous legitimate retailers now at least taking btc, is enough of a reason for a vice portal to get involved in btc

when they see no real trans fees, that's a great reason for any vice related site like adult and online casinos to say to their users

oh your old credit card isn't good at our site now

get yourself an anonymous btc wallet, it's now our PREFERRED payment method

vice moved the early net from dialup to high speed global connections

if you've been on the commercial net you know what I mean

the more large vice portals that take btc will drive the value of btc up

vice is actually the major reason why the average consumer would NEED to acquire btc in our opinion

true AND there are even positive and nearly accurate videos:

http://www.nasdaq.com/video/why-bitcoins-tumble-probably-doesnt-signal-its-demise-518448353

There was some attention when BTC fell to around $400. I wouldn't expect them to report every BTC movement.

Hopefully, if BTC bounces back, they'll pick it up.

Bitcoin price is still much higher then was year ago. People wil have to start doing suicides, for media to notice.

Bitcoin is just the game of minority and doesn't worth their reporting for it.

Mainstream media reports incident not fact. Price crash is a fact and Mt. Gox crash was an incident. Hence price crash is not reported, but BFL shutdown has been reported. As a corollary price crash may find its mention in BFL news.

I'm actually kind of glad the mainstream media hasn't poo poo'd all over this recent downward trend.  It'd probably make more investors sell off more causing more price lowering.

I'm sure once a price spike occurs to pre Mt Gox fail levels($600 and up) then the news will be all over it.  Just have to take each news article as it comes, BTC price is jumpy and fickle as it is.

I saw an article about it on business insider the other day. Not that they are a reputable news agency anyway.

But yeah, it has been slightly quiet.

If you rate bitcoin on how mainstream it is today from 1-10, I give it 1.. Sad to say.

The price of something falling is generally not going to attract as many readers as other bitcoin related scandals. The MSM has reported heavily on bitcoin when the price was rapidly increasing (likely contributing to further increases in prices).

I think media already seen similar patterns before for not getting too shabby at this point.

media is not the free world.
free world don't choose the news ... media do this.

it's ebola or bitcoin ... don't afraid the "good" people (that they pay the taxes !)