Does every mainstream media article on Bitcoin end in negativity?

Torque

legendary

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So the reason we didn't break $10K recently: It's all Warren Buffett and Bill Gates' fault!! Angry

Bitcoin almost broke through the $10,000 mark—then Warren Buffett and Bill Gates came along
https://www.cnbc.com/2018/05/07/bitcoin-backs-away-from-10k-after-buffett-gates-criticism.html

You hear that Average Joe?? Bitcoin is rat poison! Bitcoin is like trading tiny baby brains! It should be shorted!

Run. Far. Away.

Aikidoka

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Activity: 1078

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Sinbad Mixer: Mix Your BTC Quickly

That is because Media always tries to manipulate people, especially investors. To be honest, I do not care about what Media says about bitcoin, not to mention that they hire analysts or experts in order to state the negative things about bitcoin so the investors do no invest in it. The problem lies with people not the Media. People have their own free will. If I had lots of money, I would have only invested in bitcoin and nothing else.

trako

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are affected by negative news. because it is distorting the supply-demand balance. people are reading and are impressed by the news. they are not buying. or they sell panic. so stability is decreasing. the market is fluctuating.

Torque

legendary

Activity: 3710

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The MSM coming back at ya with more doom and gloom!

Cryptocurrencies heading towards 90 percent correction, investment bank warns
https://www.cnbc.com/2018/05/02/cryptocurrencies-heading-towards-90-percent-correction-investment-bank-warns.html

Did you hear that, Average Joe? Huh

A 90 percent crash from here!! Sell it all and run for your lives!!

Torque

legendary

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Aaaannd they're back! Oh how we've missed you MSM fudsters.

Bitcoin unlikely to ever hit another record high, Barclays says
http://markets.businessinsider.com/currencies/news/bitcoin-price-will-likely-never-hit-another-record-high-barclays-says-2018-4-1021287408

Quote

Barclays says peak prices for bitcoin are a thing of the past.
Analysts at the bank compared the cryptocurrency to other speculative assets and say it's only downhill from here.

"Unlike past peaks in Bitcoin prices, the survey evidence, based on our modeling, suggests that the speculative bubble in crypto currencies may have passed its peak," the bank said as part of its annual Equity Gilt report this week."

You hear that Average Joe?? It's over!!!

Bloomie

newbie

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Even the positive articles have some mention at some point of "never invest anything in Bitcoin unless you're willing to lose it." I think that's true of any investment, but for some reason it has to be said on Bitcoin articles. Give me a break.. Roll Eyes

gabmen

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CryptoTalk.Org - Get Paid for every Post!

Quote from: MidKnight on January 22, 2018, 10:18:57 PM

These articles are all bias. It's fair to say that it's a risky investment but making people panic everyday is not acceptable. They might be getting paid with lumps of money behind to state that "bitcoin is over, it's the end" and using the word total ban even its just regulation.

Probably since banks and bankers' influences in the government is pretty solid. And we all know crypto doesn't sit well in their manipulative system. Though of course, those of us who've been here for a time knows that it's quite inevitable that crypto will emerge. Give it a year or two and these fuds would men little

Torque

legendary

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Oh, so now Goldman Sachs is flip-flopping again? Bitcoin is in a bubble?

Goldman Sachs investment chief: Bitcoin is definitely a bubble, Ethereum even more so
http://www.businessinsider.com/goldman-sachs-outlook-for-bitcoin-and-ethereum-2018-2

Quote

"And we show the returns of cryptocurrencies against other asset classes that have been in bubble territory. So for example, we compare it to the TOPIX in 1990. We compare it to the Nasdaq in 2000. And what you can see is that, basically, these other big bubbles that we've had look like a flat line, even compared to tulip bulb prices, tulip mania in the 1600s, which was a bubble. We always talk about tulip mania. The bitcoin prices are astronomical. Then we compare that to Ether, and Ether is even more astronomical. So clearly, these valuations don't make sense to us. In addition, we think that these currencies have major shortcomings. Is there room for a digital currency, maybe sponsored by one of the major central banks like the Federal Reserve? Yes. Could it be incredibly useful? Could it reduce transaction costs? Yes. But not these ones. "

Ah yes, bringing up Tulip Mania and a potential future FedCoin all in the same article. How wonderful!

MidKnight

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These articles are all bias. It's fair to say that it's a risky investment but making people panic everyday is not acceptable. They might be getting paid with lumps of money behind to state that "bitcoin is over, it's the end" and using the word total ban even its just regulation.

Torque

legendary

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GAME'S UP? Panicky Bitcoin investors struggle to withdraw cash from money exchanges as they look to ‘safe’ gold investments amid fears of cryptocurrency collapse
https://www.thesun.co.uk/news/5396239/bitcoin-price-investors-selling-gold-value-collapse/

Ooooh, you hear that kiddies? Panicked crypto investors are flocking to gold! Bitcoin is collapsing, get out while you still can!

Torque

legendary

Activity: 3710

Merit: 5286

The make sure to get the negative news out, article is literally minutes old:

Bitcoin drops below $10,000 with $30 billion of value wiped off in a day as cryptocurrency sell-off deepens
https://www.cnbc.com/2018/01/17/cryptocurrency-sell-off-continues-as-bitcoin-ethereum-sink.html

Bitcoin falls below $10,000 as cryptocurrency 'bloodbath' enters a 2nd day
http://www.businessinsider.com/bitcoin-ethereum-prices-january-17-2018-1

Run away, Joe, run away!

Torque

legendary

Activity: 3710

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They make sure to put negative articles right on the front page now:

The top 10 cryptocurrencies are all plunging in a big sell-off
http://www.businessinsider.com/bitcoin-ethereum-ripple-cryptocurrency-prices-fall-on-january-16-2018-1

AVERAGE. JOE. PLEASE. STAY. AWAY. FROM. BITCOIN.

Torque

legendary

Activity: 3710

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Another article waiting for you this morning right on CNBC's front page! Oh joy, right as you are enjoying your coffee and breakfast.

Bitcoin dives below $12,000 to six-week low over crackdown fears
https://www.cnbc.com/2018/01/16/bitcoin-price-slips-to-its-lowest-level-in-six-weeks.html

Average Joes, isn't it clear enough?? Stay far away from Bitcoin! Don't buy it, and if you have it you should sell it! Run away.

Kubra Dam

sr. member

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Quote from: Torque on January 11, 2018, 06:44:07 AM

The MSM will rarely if ever print something positive about Bitcoin, but when its price goes down they make sure to put news about it right on the front page:

Bitcoin falls as one of the world's biggest cryptocurrency markets considers a bill to ban trading
https://www.cnbc.com/2018/01/10/south-korea-official-reportedly-readying-bill-to-ban-all-cryptocurrency-trading.html

Cryptocurrency markets are tanking after news of shutdown in South Korea
http://www.businessinsider.com/cryptocurrency-market-plunges-after-reported-crypto-exchange-raid-2018-1

You hear that Average Joe, they're going to ban ALL crypto trading in South Korea!

Sell it all now! Run very very far away!

Very well said actually, most of the articles coming from them ends in the same result, just in order to panic people so that they can take wrong decissions and the tension on the market increases.

Very similar to China's summer action.

Torque

legendary

Activity: 3710

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The MSM will rarely if ever print something positive about Bitcoin, but when its price goes down they make sure to put news about it right on the front page:

Bitcoin falls as one of the world's biggest cryptocurrency markets considers a bill to ban trading
https://www.cnbc.com/2018/01/10/south-korea-official-reportedly-readying-bill-to-ban-all-cryptocurrency-trading.html

Cryptocurrency markets are tanking after news of shutdown in South Korea
http://www.businessinsider.com/cryptocurrency-market-plunges-after-reported-crypto-exchange-raid-2018-1

You hear that Average Joe, they're going to ban ALL crypto trading in South Korea!

Sell it all now! Run very very far away!

Malsetid

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CryptoTalk.Org - Get Paid for every Post!

Quote from: Torque on August 18, 2017, 06:03:54 PM

So for years now there's this running joke, that you can spy an MSM Bitcoin 'hit piece' article by either 1) the left compliment title, or 2) by the negative note left by the very last paragraph or the last line. If the headline doesn't turn Average Joe off completely, then the author must always end the article on a negative note to make sure and sway Average Joe away from Bitcoin.

Here's a typical one:

Bitcoin is more valuable than gold — but nowhere near as stable
http://www.businessinsider.com/bitcoin-price-surges-past-gold-chart-2017-8

I'll quote the very last paragraph:

Quote

Despite their similarities, there's one key difference: Gold has been much stabler than bitcoin, as we can see in this chart from Statista, which is based on data from Coindesk and onvista. So, for investors looking for a safe bet, the precious metal is still the way to go.

I beg you, find me one that breaks this format pattern and prove me wrong! Grin

I don't think all of them are, but mostly.yes. i don't know what it is that they fear about bitcoin but it seems most mainstream media don't have any idea about how btc can help people.

Torque

legendary

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Bitcoin price WARNING: 'STAY AWAY!' – Why this investor REFUSES to trade bitcoin
https://www.express.co.uk/finance/city/897825/Bitcoin-price-value-update-warning-latest-news-cryptocurrency

Good lord, Average Joe. Aren't you listening to the financial experts like this 67 year old dinosaur?? The title has the words "Stay Away!" right there in the title. Don't invest in Bitcoin, like ever!

DO. NOT. BUY. BITCOIN.

Torque

legendary

Activity: 3710

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Bitcoin is losing its dominance over the crypto market
http://www.businessinsider.com/bitcoin-price-losing-its-dominance-over-the-crypto-market-2017-12

And according to the MSM, Bitcoin's crypto dominance is over! Stay away from Bitcoin! Go buy Auracoin or something!

Torque

legendary

Activity: 3710

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Bitcoin is so volatile its risk-adjusted return is worse than stocks
http://www.businessinsider.com/bitcoin-volatility-risk-adjusted-return-worse-than-stocks-2017-12

Gosh people, the MSM is telling you to go back to stocks! Stay far away from Bitcoin!

Torque

legendary

Activity: 3710

Merit: 5286

Bitcoin is a 'gigantic price chase based on nothing': Cryptocurrency bear warns
https://www.cnbc.com/2017/12/13/bitcoin-is-gigantic-price-chase-based-on-nothing-boockvar.html

Bitcoin is worthless! It's based on nothing! Stay far away!

Torque

legendary

Activity: 3710

Merit: 5286

Bitcoin is a 'dicey investment' — why one veteran gold analyst predicts it could burn a lot of investors
https://www.cnbc.com/2017/12/26/bitcoin-is-a-dicey-investment-warns-commodity-analyst-dudas.html

You hear that Average Joe?? You're gonna get burned if you invest in Bitcoin! So stay very far away! Go back to nice safe stores of value like precious metals.

sjefdeklerk

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SODL

Quote from: Torque on December 20, 2017, 07:15:51 AM

If people don't believe the MSM is *against* Bitcoin specificially at this point, then look at this. The title says it all.

Bitcoin Price Continues Falling as Cryptocurrency Market Crosses $600B
https://www.investopedia.com/news/bitcoin-price-continues-falling-cryptocurrency-market-crosses-600b/?partner=YahooSA&yptr=yahoo

You make it look like it's some conspiracy. Fact of the matter is that bitcoin has no future because it has extremely high transaction fees, is extremely slow and only 3 of the 500 biggest market places offer it (it were 5 last year so it's even declining).

Torque

legendary

Activity: 3710

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Morgan Stanley says the true price of bitcoin might be zero
http://uk.businessinsider.com/morgan-stanley-on-bitcoin-value-2017-12?r=US&IR=T

You hear that Average Joe?? Bitcoin's true value might be zero!! I know it hasn't been zero in 8 years, but experts say it'll probably go back to zero any day now!

Stay far away or get out now!

Torque

legendary

Activity: 3710

Merit: 5286

This one is just straight up negative:

The last person into a speculative frenzy such as bitcoin never gets out before it's too late
https://www.cnbc.com/2017/12/22/the-last-person-into-a-speculative-frenzy-like-bitcoin-never-gets-out-before-its-too-late.html

You hear that Average Joe?? Stay the fk away from Bitcoin! And if you bought some, get the hell out now! Run away and never ever look back at Bitcoin again.

Grin

Torque

legendary

Activity: 3710

Merit: 5286

If people don't believe the MSM is *against* Bitcoin specificially at this point, then look at this. The title says it all.

Bitcoin Price Continues Falling as Cryptocurrency Market Crosses $600B
https://www.investopedia.com/news/bitcoin-price-continues-falling-cryptocurrency-market-crosses-600b/?partner=YahooSA&yptr=yahoo

suvo05

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Activity: 1162

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In my country every mainstream media article is against the investment in Bitcoin. They started their article by announcing the current bitcoin price and ended up by warning people to invest in btc. They says noone is controlling the market, you can not complain anyone, price volatility and so on. But couple of years ago they don't have a single article about bitcoin.( Still they don't have a article about bitcoin but about its trading )

MoneyMotivatesMe

newbie

Activity: 96

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Maybe the past year and in the past couple of months, it's more negative but now I could say that it's more positive.

Torque

legendary

Activity: 3710

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I owned bitcoin for a weekend and here's what I learned
https://www.cnbc.com/2017/12/12/what-i-learned-from-owning-bitcoin.html

Getting the message yet normies? The MSM knows what is best for you. They wish to save you from your own stupidity.

DO. NOT. BUY. BITCOIN.

Torque

legendary

Activity: 3710

Merit: 5286

This guy made $1M+ investing in Bitcoin. But his advice? Stay away!

Bitcoin millionaire: Don't invest in bitcoin
https://www.cnbc.com/2017/12/11/bitcoin-millionaire-grant-sabatier-dont-buy-bitcoin.html

You hear that Average Joes? Stay far far away from Bitcoin! Don't buy it, ever.

Torque

legendary

Activity: 3710

Merit: 5286

Here's one from CNBC.com, who's normally fairly pro-bitcoin or at least neutral.

Note the bullish headline:

Bitcoin breaks above $12,000 for the first time
https://www.cnbc.com/2017/12/05/bitcoin-price-breaks-above-12000-for-new-all-time-high-record.html

but then, of course, comes the negative ending:

Quote

"For one, Stephen Roach, Yale University senior fellow and the former Asia chairman and chief economist at investment bank Morgan Stanley, told CNBC on Tuesday that he was deeply skeptical of investing in bitcoin.

"This is a toxic concept for investors," Roach, described by Yale as one of Wall Street's most influential economists, told CNBC. "This is a dangerous speculative bubble by any shadow or stretch of the imagination."

"I've never seen a chart of a security where the price really has a vertical pattern to it. And bitcoin is the most vertical of any pattern I've ever seen in my career," he added."

The message:
Stay away, Average Joe retail investors!! Stay far far away! You'll only get burned!

sangwookie

member

Activity: 168

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Put it all on the line and go for broke

because they have an agenda to push. decentralized currency is not what they are paid to push.

Torque

legendary

Activity: 3710

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Quote from: orions.belt19 on November 30, 2017, 08:12:30 PM

However, there are many articles out there dissuading the public to get involved or invest in bitcoin. Perhaps this is simply the trend and writers just want to follow suit.

Or perhaps they actually have an agenda, other than trying to "protect the public"?

orions.belt19

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Quote from: panju1 on August 18, 2017, 11:56:47 PM

Rather then negativity, I would view it as a disclaimer. You don't want gullible readers suing you and telling that you misled them into investing in Bitcoin and losing a lot of money. Mainstream media are just playing it safe.

This may be the case. If the author were to persuade it's readers to invest in bitcoin, then they may get sued if these investors lose their money. As said, they could have just been playing on the safe side because they also fear the volatility of bitcoin and 'lack of security'.

However, there are many articles out there dissuading the public to get involved or invest in bitcoin. Perhaps this is simply the trend and writers just want to follow suit.

Torque

legendary

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Oh boy, now this doozy from billionaire Carl Icahn himself.

Billionaire Carl Icahn says bitcoin is a lot like an obscure bubble involving swampland in Mississippi
http://www.businessinsider.com/bitcoin-is-a-lot-like-the-mississippi-bubble-carl-icahn-says-2017-11

Another tulips comparison, but just in a different skin! Cheesy

Palmerson

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Activity: 434

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Live cams shows pimped with cryptocurrency

Quote from: 8270thNinja on September 05, 2017, 08:11:41 PM

I don't know why mainstream media always do this kind of shitty articles to make bitcoin look like it's a waste of time , they always show that supporting bitcoin is also supporting terrorism, SMH. Well, in order for you to stop bitcoin on entering mainstream media and to casual people as a good technology, why don't you introduce bitcoin first but as a bad technology. #SmartMedia #LOL Cool

It seems to me that this whole food is very well funded banks. They know that the first to suffer from bitcoin. The government is also controlled by the bankers, but they don't advertise. They make a pause. If the bankers manage to fan the hysteria about the fact that bitcoin is an asset for criminal activity, then the government will act to ban cryptocurrency.

Torque

legendary

Activity: 3710

Merit: 5286

As if right on cue, the MSM starts up the negative attack articles on Bitcoin again.

Another from Business Insider:

There's a 'fatal' flaw in cryptocurrencies which means they can never be real currencies
http://www.businessinsider.com/bitcoin-cryptocurrency-ubs-wealth-management-economist-paul-donovan-2017-11

Ridiculous quotes:

Quote

In the USA right now, he said "the Federal Reserve is reducing money supply in the USA at the rate of $10 billion a month. That's because "demand for liquid dollars has dropped, and in order to preserve the value of the dollar, i.e. avoid inflation, the Fed is reducing money supply to match a reduction in demand."

"That cannot happen with a cryptocurrency," he said.

Yeah we know that, asshole. And we know that they're not really reducing the money supply at all. Bitcoin is deflationary. Also the rate of Bitcoin issuance is on a mathematical curve, not at the whim of a bunch of Fed idiots. The Fed also QE'd the shit out of the dollar to the tune of $80-100B /month for years and years, devaluing the dollar and actually creating hidden inflation. At 6-8% inflation/ yr, we haven't even begun to see the knock-on effects of all of that money printing. Angry

Quote

Furthermore, Donovan noted, a key feature of anything that can be considered a true currency is that it must act as a store of value — essentially meaning that you can put your money into it and be reasonably comfortable that in normal circumstances its value is not going to fluctuate massively.

Cryptocurrencies cannot do that, he says.

"Bitcoin in particular has had, I think, three hyperinflation episodes this year. That is to say its ability to purchase goods has dropped more than 25% in the course of a week. That is not a particularly stable store of value."

Oh rly? I guess my net worth of bitcoin dollar value rising 20X in 4 years is not a 'stable store of value'.

Ohh no, woas me. Cry

8270thNinja

full member

Activity: 210

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busy in real life, long post gap is understandable

I don't know why mainstream media always do this kind of shitty articles to make bitcoin look like it's a waste of time , they always show that supporting bitcoin is also supporting terrorism, SMH. Well, in order for you to stop bitcoin on entering mainstream media and to casual people as a good technology, why don't you introduce bitcoin first but as a bad technology. #SmartMedia #LOL Cool

Torque

legendary

Activity: 3710

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Quote from: ssmc2 on September 05, 2017, 03:12:30 PM

http://www.latimes.com/business/hiltzik/la-fi-hiltzik-bitcoin-price-20170905-story,amp.html

This guy's a real genuis

Yeah, and notice how he took the time to write a friggin' book! He's gotta double down on his pontifications, ya' know?

Dinosaurs doing what dinosaurs do when the meteor (Bitcoin) hits. He'll probably be dead by the time we reach $50K/btc. From the grave he'll be saying "Yeah, but..but.. it's still a dumb investment!"

ssmc2

legendary

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http://www.latimes.com/business/hiltzik/la-fi-hiltzik-bitcoin-price-20170905-story,amp.html

This guy's a real genuis

coastbank

full member

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Presale Starting May 1st

There are lot of positive articles on mainstream media about cryptocurrencies in Turkey (Especially coming from economy profs). So no.

aryana42

sr. member

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Now what happens from media about bitcoin is opposite. Because after all, media always make popularity that's becoming a global trend. As they do now, praise excellence and discuss bitcoin mission vision. Which has a positive effect, namely high demand.

Torque

legendary

Activity: 3710

Merit: 5286

More negativity from the 'Dumb and Dumber' trolling desk of Business Insider. This one follows up yesterday's article, just in case you missed the negativity from yesterday they want to make sure you hear it again today.

Cryptocurrencies are continuing to fall after China's shock ICO ban
http://www.businessinsider.com/bitcoin-ethereum-price-fall-china-ico-crackdown-2017-9

Quote from: very last line

"Further falls could be on their way, with a China-focused executive from the trading platform eToro describing the ICO crackdown as a 'huge deal.' "

As usual, they just gotta get that negativity jab in there as the exclamation point. Keep those Average Joes far away from Bitcoin!

Torque

legendary

Activity: 3710

Merit: 5286

Ok, this new one from Business Insider is really craptastic. The author doesn't even try to cover up the FUD, nor differentiate the ICO tokens from legitimate cryptocurrencies like Bitcoin.

Here's why China's crypto crackdown is 'bigger than most people think'
http://www.businessinsider.com/initial-coin-offering-china-bitcoin-ethereum-peoples-bank-of-china-law-all-crypto-illegal-etoro-2017-9

These quotes are a real howler:

Quote

"Wording of edict makes all cryptocurrency trading illegal, according to eToro China exec;"[/i]

and

Quote

But he added: "Cryptocurrency related exchanging and trading activities are officially forbidden. If you interpret the law literally then you cannot engage in any crypto exchange — crypto-to-crypto or crypto-to-fiat."

Gotta keep up that massive negativity, keep Average Joe away forever! It's sad that these authors have sold their souls out to the Deep State controlled MSM. Cry

But I guess they are getting paid to spread worthless FUD, so good for them.

AT101ET

legendary

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That used to be the case but I now find that to be the contrary.
Before BTC was widely accepted it was most frequently reported as having been used on the dark web to buy illegal services. Now articles have picked up on the increased adoption and Forbes has ranked it as one of the most rewarding investments in the last few years.
Bitcoin is still in its infancy. As time progresses people's perceptive of it will change too.

Beparanf

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Quote from: Torque on August 31, 2017, 03:46:44 PM

Quote from: faatipoke on August 31, 2017, 02:42:35 PM

We all know that it will increase soon or late but some unexperienced people may panic sell and blame the media because of that.

And who exactly is there to be blamed? It's not like an Average Joe has someone that they can 'sue' over it. They can't sue the media. Hell, you can't even sue Jim Cramer for giving out bad investment advice on TV.

Worrying about 'blaming the media' is laughable, since the media pumps out fake news every single day and real people have died because of it. They don't give a shit about real people, like at all.

We are the one who decide on our decisions in market,whether to buy or sell. We should do a research or believe on such coin as much as possible or if were going to believe on media and rely only on it. It depends on us.

Torque

legendary

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Quote from: faatipoke on August 31, 2017, 02:42:35 PM

We all know that it will increase soon or late but some unexperienced people may panic sell and blame the media because of that.

And who exactly is there to be blamed? It's not like an Average Joe has someone that they can 'sue' over it. They can't sue the media. Hell, you can't even sue Jim Cramer for giving out bad investment advice on TV.

Worrying about 'blaming the media' is laughable, since the media pumps out fake news every single day and real people have died because of it. They don't give a shit about real people, like at all.

faatipoke

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Token That Will Transform The Venture Capital Mark

Lets admit it; bitcoin is risky for short term investment. Mainstream media has to do that because some people would get angry if they buy at 2500 usd and than bitcoin drops to 2000usd the next day. We all know that it will increase soon or late but some unexperienced people may panic sell and blame the media because of that.

pitiflin

hero member

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Quote from: Torque on August 18, 2017, 06:03:54 PM

So for years now there's this running joke, that you can spy an MSM Bitcoin 'hit piece' article by either 1) the left compliment title, or 2) by the negative note left by the very last paragraph or the last line. If the headline doesn't turn Average Joe off completely, then the author must always end the article on a negative note to make sure and sway Average Joe away from Bitcoin.

Here's a typical one:

Bitcoin is more valuable than gold — but nowhere near as stable
http://www.businessinsider.com/bitcoin-price-surges-past-gold-chart-2017-8

I'll quote the very last paragraph:

Quote

Despite their similarities, there's one key difference: Gold has been much stabler than bitcoin, as we can see in this chart from Statista, which is based on data from Coindesk and onvista. So, for investors looking for a safe bet, the precious metal is still the way to go.

I beg you, find me one that breaks this format pattern and prove me wrong! Grin

It's true, people just cannot accept the fact that bitcoin has breaken so many records that any other currency or gold, and other precious metals have not broken. And media does this so that people will believe in it ,and then media will play their usual mind games with the people.

Kemarit

legendary

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Here's one that I found on zerohedge. This website is extremely biased against bitcoin. Well, they are precious metal hugging to begin with.

Bitcoin's Rise To Record Highs In Context
After a two-year long bear market, bitcoin came roaring back in 2016, and has been climbing ever since.

Quote

The digital currency reached a new all-time high above $4,650 on Tuesday, an increase of more than 350% year-to-date. The sheer intensity of its gains has inspired some comparisons to the digital currency's initial run-up, which ended with the collapse of bitcoin exchange Mt. Gox in early 2014, marking the end of the first bitcoin bull market.

And in the end:

Quote

Bitcoin has made a habit out of routinely defying its most ardent skeptics. But the shadow of Mt. Gox still looms large over the digital currency market. And the risk of another bull-market-ending catalyst like a 51% attack on the bitcoin network or another major hack at one of the more mainstream exchanges could force out the week hands, sparking another precipitous drop.

http://www.zerohedge.com/news/2017-08-29/bitcoin%E2%80%99s-rise-record-highs-context

But there was one from CNBC or MSNBC claiming that mainstream media brought bitcoin closer to middle class American.

Quote

Middle-class Americans are indeed hearing about the investment opportunity bitcoin holds from mainstream media like NBC, CNBC, and other mainstream news outlets regularly, and now from family members and co-workers too.

Just find it funny that they are now owning the responsibility of bitcoin being known today as good investment platform specially for the middle class Americans.

Torque

legendary

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Merit: 5286

Coming at you from Forbes again, another typical article fitting the profile. The obligatory complimentary title, but of course ends in negativity.

Bitcoin Is The New 'Gold'
https://www.forbes.com/sites/panosmourdoukoutas/2017/08/30/bitcoin-is-the-new-gold/#54cf56b33b36

Quote from: last paragraph

"Still, investors shouldn’t rush to substitute the yellow metal for the digital currency in their portfolio.

Especially if they don’t quite understand cryptocurrencies. And they should always be prepared to face the prospect of big governments crushing Bitcoin, as discussed in a previous piece."

I love these schizophrenic articles. The apparent message is "Bitcoin is awesome and people (investors?) are buying millions $$ worth! But big government will soon crush it!" Roll Eyes

hatshepsut93

legendary

Activity: 3024

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I think one of the reasons why journalists end their articles on cryptocurrency is because they try to present a balanced opinion, but because of their low competence on the subject, their arguments look rather stupid. But if I were writing some article for mainstream media, I'd also include some warning regarding risks of investing in cryptocurrencies, especially altcoins - people need to understand the technology they are about to invest in, we don't need any "dumb money" that destabilize the price with panic buys/sells and act chaotically in general.

Torque

legendary

Activity: 3710

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Here's another doozy from Business Insider. Notice the 'hit piece' title:

Here's why bitcoin could be illegal someday
http://www.businessinsider.com/why-bitcoin-could-be-illegal-someday-2017-8

It seems like they will just let anyone write an article these days. Not only does this half-baked opinion piece make zero sense and sounds like it was written by a fifth grader, the article rambles around and actually doesn't have much of a point. The last couple of lines is especially ironic since this guy worked at Lehman Brothers (which collapsed and went bankrupt in 2008). Perhaps the irony was lost on this idiot.

Quote

"It’s good to have a plan. It’s no fun coming up with a plan when everyone else is trying to come up with a plan at the same time.

Back in the 2000s, I had a thing for Greece. I watched The Bourne Identity, and at the end of the movie, Matt Damon finds Franka Potente renting bicycles on some remote Greek island, completely off the grid.

That sounded pretty attractive to me. I even remember looking up some Greek real estate at my desk at Lehman Brothers. It was 2003. Bear markets make you think of some crazy stuff."

amacar2

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CryptoTalk.Org - Get Paid for every Post!

Despite significant increase in price over last few years bitcoin have gone through series of dumps in between that might have created a negative feedback from newbie bitcoin investors. Mainstream media are supported by governments and banks so they will always stand against bitcoin.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Yer average reader doesn't want to hear about outrageous success unless they're in on it. If it's framed as a curio then journos can write all they like, throw in some incredulity, some positivity and then wind it all up with 'and of course it'll all turn to shit'.

When it doesn't they can point to positive bits and credibility and history is neatly hedged. Hurrah.

Biodom

legendary

Activity: 3892

Merit: 4331

As soon as MSM will say that bitcoin is the greatest thing ever, it would be a time (period) to sell at least some.
I remember when Apple was coming out of doldrums of pre-Jobs return era, every MSM article (1997-2003) had something about the "rotten" Apple. Those who bought then and held are doing pretty good, I think Wink

.

Torque

legendary

Activity: 3710

Merit: 5286

Haha, Forbes at it again. Note the positive backhanded compliment title, but negative last paragraph:

Could Bitcoin Be Worth $619,047 In 10 Years?
https://www.forbes.com/sites/naeemaslam/2017/08/18/each-bitcoin-could-be-worth-619047-in-10-years/#78d6646f5168

Quote from: last paragraph

"However, if the Bitcoin supply goes unlimited which is feasible, because in August we also had an event of forking which gave birth to Bitcoin cash, things would change substantially. The value of new Bitcoin cash for now is approximately $5 billion. If the supply is not limited, the core foundation of cryptocurrency would shift and it a number of elements would come on par with central bank’s currencies."

Gotta leave 'em with that sour note! Wink

And gosh, who put the thought in the author's mind that Bitcoin should have NO coin cap?? Hmmm? His boss, who is loyal to the deep state central bankers, perhaps?

iram1011

hero member

Activity: 896

Merit: 521

Most of who write such article doesn't have deep understanding of Bitcoin. Many write negative articles because the government of that nation wants to propagate that idea among masses. What I believe is any type of publicity whether positive or negative only creates interest in reader to know more about Bitcoin and hence is good in turn.

Fortify

legendary

Activity: 2688

Merit: 1192

I can imagine a lot of journalist's have heard about bitcoin and other cryptocurrencies in their time. It's likely they heard about it years ago and are upset that they missed the boat. It is always good to be skeptical so including negative viewpoints is helpful, bitcoin has shot up massively recently and could quite easily be in a bubble.

aso118

legendary

Activity: 1918

Merit: 1012

★Nitrogensports.eu★

Quote from: alyssa85 on August 19, 2017, 01:55:17 AM

Quote from: Torque on August 18, 2017, 06:03:54 PM

I beg you, find me one that breaks this format pattern and prove me wrong! Grin

Here you go: Grin

https://www.cnbc.com/2017/05/31/bitcoin-price-forecast-hit-100000-in-10-years.html

Quote

Bitcoin's price has the potential to hit over $100,000 in 10 years, which would mark a 3,483 percent rise from its recent record high, an analyst who correctly predicted the cryptocurrency's rally this year told CNBC on Tuesday.

An analyst who predicted the rally told CNBC. Hey... they are just reporting the analyst's views, they aren't telling you to buy bitcoins.
And just in case you get the wrong ideas, the article also says the following.

Bitcoin's bad reputation
The bitcoin industry has had its fair share of problems and reputational damage. The digital currency has often had an image of being used for illegal means such as buying drugs online. The collapse of Mt.Gox in 2014, once the world's largest bitcoin exchange, is still fresh in the minds of users. Some members of the exchange are still waiting for compensation.

alyssa85

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CryptoTalk.Org - Get Paid for every Post!

Quote from: Torque on August 18, 2017, 06:03:54 PM

I beg you, find me one that breaks this format pattern and prove me wrong! Grin

Here you go: Grin

https://www.cnbc.com/2017/05/31/bitcoin-price-forecast-hit-100000-in-10-years.html

Quote

Bitcoin's price has the potential to hit over $100,000 in 10 years, which would mark a 3,483 percent rise from its recent record high, an analyst who correctly predicted the cryptocurrency's rally this year told CNBC on Tuesday.

aso118

legendary

Activity: 1918

Merit: 1012

★Nitrogensports.eu★

Quote from: aliashraf on August 19, 2017, 12:12:05 AM

Quote from: panju1 on August 18, 2017, 11:56:47 PM

Rather then negativity, I would view it as a disclaimer. You don't want gullible readers suing you and telling that you misled them into investing in Bitcoin and losing a lot of money. Mainstream media are just playing it safe.

I strongly support this pov

It is not just about bitcoin, average typical journalists (they are dominating the field in our era) do not take responsibility by any means. They always put an emergency exit door to be used in case. But OP's discovery is about this door being often placed in the last paragraph, specially when the article has an encouraging headline .... interesting Wink

That is where all the disclaimers are usually placed. Right at the bottom where most people won't read it.
The positive thing to take away from this is at least the headlines are a lot more bullish than they were a year back.

aliashraf

legendary

Activity: 1456

Merit: 1175

Always remember the cause!

Quote from: panju1 on August 18, 2017, 11:56:47 PM

Rather then negativity, I would view it as a disclaimer. You don't want gullible readers suing you and telling that you misled them into investing in Bitcoin and losing a lot of money. Mainstream media are just playing it safe.

I strongly support this pov

It is not just about bitcoin, average typical journalists (they are dominating the field in our era) do not take responsibility by any means. They always put an emergency exit door to be used in case. But OP's discovery is about this door being often placed in the last paragraph, specially when the article has an encouraging headline .... interesting Wink

panju1

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Activity: 1246

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Rather then negativity, I would view it as a disclaimer. You don't want gullible readers suing you and telling that you misled them into investing in Bitcoin and losing a lot of money. Mainstream media are just playing it safe.

Nameless27

sr. member

Activity: 322

Merit: 253

I may be wrong or completely right. Central banks or banking industries has to do with it. Media just can't stand by its own if there is no such thing as biases. They were a corporation or company who profit by sponsors who work on our financial institutions. We can't actually blame them, it is what reality and money made them. Let them have their glory as of what they want to do and ignored them the way they should be.

jc89

sr. member

Activity: 364

Merit: 250

Yes, most of them really do that. But I think they missed the idea that the fact that they are writing anything about btc makes it even more popular. It's just like their writing negative about celebrities but people still follow them. Though some people will steer away right after reading that, we can't dismiss the fact that most people are now smarter than they think. We're not like back in the days where we believe the mainstream media. We now know how to do fact checking since we're in a technology era and with the use of internet informations are just right at the end our tips.

DaMut

sr. member

Activity: 1274

Merit: 263

most of them really make it that way,
it might be happen because of goverment trying to keep their citizen to hold their back to buy it,
they afraid when most of their citizen involved and crash happen,a lot of people will lose all of their sanity.
so to prevent such a thing will not happen in the future,a lot of media publishing something like that.

but not all of them,in my hometown CNN didn't show it that way,
instead they're showing us how much we can earn by mining it :LOL:

just play what you can affor to lose,that is what they said to me

lumeire

legendary

Activity: 1848

Merit: 1009

Next-Gen Trade Racing Metaverse

The ones especially at Forbes.com are like very much like that.

Seems they're trying to steer people away from crypto as an investment. Well, I can't blame them.

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: Torque on August 18, 2017, 06:03:54 PM

So for years now there's this running joke, that you can spy an MSM Bitcoin 'hit piece' article by either 1) the left compliment title, or 2) by the negative note left by the very last paragraph or the last line. If the headline doesn't turn Average Joe off completely, then the author must always end the article on a negative note to make sure and sway Average Joe away from Bitcoin.

Here's a typical one:

Bitcoin is more valuable than gold — but nowhere near as stable
http://www.businessinsider.com/bitcoin-price-surges-past-gold-chart-2017-8

I'll quote the very last paragraph:

Quote

Despite their similarities, there's one key difference: Gold has been much stabler than bitcoin, as we can see in this chart from Statista, which is based on data from Coindesk and onvista. So, for investors looking for a safe bet, the precious metal is still the way to go.

I beg you, find me one that breaks this format pattern and prove me wrong! Grin

I dont see any negativity in not stability. I only see positive, that Bitcoin price raise while Gold price stays same.

Torque

legendary

Activity: 3710

Merit: 5286

So for years now there's this running joke, that you can spy an MSM Bitcoin 'hit piece' article by either 1) the left compliment title, or 2) by the negative note left by the very last paragraph or the last line. If the headline doesn't turn Average Joe off completely, then the author must always end the article on a negative note to make sure and sway Average Joe away from Bitcoin.

Here's a typical one:

Bitcoin is more valuable than gold — but nowhere near as stable
http://www.businessinsider.com/bitcoin-price-surges-past-gold-chart-2017-8

I'll quote the very last paragraph:

Quote

Despite their similarities, there's one key difference: Gold has been much stabler than bitcoin, as we can see in this chart from Statista, which is based on data from Coindesk and onvista. So, for investors looking for a safe bet, the precious metal is still the way to go.

I beg you, find me one that breaks this format pattern and prove me wrong! Grin

Topic: Does every mainstream media article on Bitcoin end in negativity? (Read 1769 times)