Financial Times apologizes | Bitcointalksearch.org

tread93

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Quote from: Nwada001 on December 09, 2024, 05:42:09 PM

Quote from: tread93 on December 07, 2024, 11:27:46 PM

Even though people are calling it a weak apology at least they are taking ownership and admitting that they were wrong. I think that in and of itself is something to be respected of the firm & you've got to give them that at least. When it was back trading below $100 a coin man wouldn't it have been great to see some of those old blog posts! That surely didnt' age well lol

I don’t see them admitting to being wrong in anything that they have done in the past 14 years. At least from what I read from the article and understood, they are just trying to set things straight by letting everyone know that they still remain where they stand.

If you used their publication or what they said in the past not to invest in Bitcoin, they are sorry for that, but it’s entirely your own decision and not theirs. They are not completely taking responsibility but just clearing the air. Maybe that statement could have been based on the rumours they might have heard about them, which statement is a means to clear their name.

If they still remain where they stand on the subject they are just foolish. Making those types of gains from $100 a coin to 100,000 a coin is just silly not to admit that they were plain wrong. Just saying sorry to the folks who didn't invest because they read their article is them just being complete pussies lol. They should admit that they were wrong, because clearly they were entirely and they don't have the balls to set the record straight! Its like punching someone in the face and saying oh my gosh i'm so sorry that your face struck my fist!! Had your face not been there it would have never been struck. What they should have done was saying hey, I was wrong to punch you in the face I was a complete asshole for doing that.

Miles2006

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Recently I came across a topic relating to this although it’s totally different seeing an apology request while the previous one talked about Bitcoin critics if they ever try to apologize or not. Personally for those who missed out it’s not yet late, they can start their journey anytime. I’m in support with op because hearing such negative words about bitcoin influence your decision towards investing depends on you alone meanwhile there’s always a room to make deep research. While some will be wondering if this apology is necessary, it’s nice they’ve realized bitcoin is not what they expected yet it sound like they don’t trust bitcoin rather all this is just for the newsreader what will they think of the site after all the criticism so making amends can solve the problem IMO. I don’t think I will ever take news from such platform serious even if mistakes are bound to happen staying careful is more important.

Nwada001

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Quote from: rodskee on December 10, 2024, 07:27:22 AM

we have free will it was our decision to invest or not however as a news outlet or financial publication they should have been more careful with the criticism thrown at bitcoin and should have still stayed neutral

Exactly, everyone has the right to make their own decision, and no other person should be held responsible if they took the wrong one. Until this apology came out, I don't think I had heard about financial talk more or talked more about if anyone had tried to hold them responsible as a reason for not investing in bitcoin.

All this apology not being enough is because they came out opening to make a public statement and apologise, which shouldn't just be for what they have published in the past but anything which anyone read from their publication should not entirely be taken as financial advice.

rodskee

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Quote from: Slot Kid on December 07, 2024, 04:21:03 PM

They should be doing more than apologizing. They should be compensating their readers for the worst investment advice available. All of these mainstream media outlets have at some stage, publicly criticised BTC. They never like what they don’t understand until they’re made to look like fools & that time has come. They should give readers 6 months free subscription to their newspaper, it’s the least they could do.

we have free will it was our decision to invest or not however as a news outlet or financial publication they should have been more careful with the criticism thrown at bitcoin and should have still stayed neutral

the apology made it seem like they were making fun and wasn’t taking this seriously at all when the least they could do is write truthfully to what has now become of bitcoin maybe yeah we are entitled into our own opinions but when they have a huge following they need to be more objective

icalical

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Well from my point of view, their apologies does not sound quite as genuine. This is because its tone suggested exactly the opposite view, that Bitcoin still has issues with inefficiency and is the area where people just become caught up in their fervor. Nevertheless, Bitcoin has issued a valid proof of concept for the remittance sector and an addition to the hedge against inflation, even in the most troubled economies. There are issues of variance, such as population control and environmental management, which are usually decided by experimentation and local context in schools. The FT’s newspaper is in step with the call for unbiased and decentralized research and understanding of the truth behind the buzzword strategy, which prays on our fear of missing out and our desire for a given product. Thus, it is clear that market trends and widespread adoption precede the public’s acknowledgment of the new product.

kotajikikox

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Quote from: Spaceman1000$ on December 07, 2024, 04:25:14 AM

Their apologize to me looks very unpleasant, what do they mean by " on our coverage not to buy a thing whose number has gone up" what do they mean by a thing, the statement of calling Bitcoin a thing looks very unpleasant, why not categorical mention Bitcoin, because I believe when they where criticizing Bitcoin and cryptocurrency they where mentioning it.

It’s very obvious that they don’t still consider bitcoin neither do they respect it. I am fine with that because I can make my own opinion and I still believe in bitcoin. It doesn’t matter if a hundred articles come out criticizing bitcoin. I know what I have read and learned about bitcoin. I know what I have experienced from directly buying holding and trading bitcoin.

Quote

Their apology is only coming because they've seen the testimony Bitcoin has recorded in recent years and they feel, they've lost out, imagine if Bitcoin price didn't appreciate over the years, trust me they would been admonishing Bitcoin and criticizing those who investment in it.

Well, definitely. By “apologizing” but still not retracting their message, they acknowledge what they’ve lost on but still trying to remain like they didn’t just embarrass themselves.

PrivacyG

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They should apologize for more than that.

I hate how things became. Nobody does any research any more, they all rely on what the News says. They do not independently verify information on their own, but they rather quickly read a line or two on a Fact Check article to almost immediately have 'the answer'.

It is not bad at all to have articles proving or disproving a theory, a hypothesis et cetera. However. We became SO lazy it leads to unwanted consequences.

All the people who read the articles discouraging us to purchase Bitcoin now have a regret for not being part of Bitcoin at an earlier time. Or, they ended up still not purchasing Bitcoin and hoping for a larger drop to enter at levels they could have entered at years ago. Instead of taking a few minutes of their own time and reading up on impartial documentation on Bitcoin and how it works, their financial decisions is based on reading a few lines of text on X or random articles. This laziness drives me crazy.

Hewlet

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Quote from: Slot Kid on December 07, 2024, 04:21:03 PM

They should be doing more than apologizing. They should be compensating their readers for the worst investment advice available. All of these mainstream media outlets have at some stage, publicly criticised BTC. They never like what they don’t understand until they’re made to look like fools & that time has come. They should give readers 6 months free subscription to their newspaper, it’s the least they could do.

criticism and writeups that shows a sense of disbelieve will always be a part of what most media houses will project to the public depending on their view on the subject matter. it is always left for you to do your own research and come up with your own assessment which can be in line with what they said or against it. anyone that did not invest because of what a single media house said was never ready to invest.

as for the apology, it doesn't hold any ground and looks like them trying to create headlines since bitcoin is already doing well and better than what they expect of it. apology or no apology, a skeptic is a skeptic and real investors will continue to be bullish on bitcoin and bitcoin will continue to proved all the anti bitcoin wrong.

Darker45

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It's not even an apology.

But who cares? Are we expecting them to be pro-Bitcoin? Are we expecting the Financial Times to publish articles shilling Bitcoin? I don't think so.

And why should anybody take advice on Bitcoin from the Financial Times? Are we expecting them to be objective on this?

Anyway, it's unfortunate we can't sue Financial Times for missed profits. So, yeah, caveat emptor! Don't take their words as expert's advice. In the end, you can't run after them and the likes of Cramer, Schiff, and others for missing Bitcoin bull runs.

Alphakilo

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Quote from: franky1 on December 07, 2024, 03:42:42 PM

they are not changing their mindset, they still stand by their cynicism, criticism, scepticism
they are just apologising that any readers who read their articles chose not to invest back then.. (victim blaming)

This is just pointless sarcasm on their end. This publication seems to serve no real purpose other than jumping on the bandwagon of the latest trending topic, "bitcoin." Driving more traffic to their webpage.

It shows no level of emotional intelligence from them. If I had subscribed to their magazine, I would immediately cancel their subscription.

Nwada001

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Quote from: tread93 on December 07, 2024, 11:27:46 PM

Even though people are calling it a weak apology at least they are taking ownership and admitting that they were wrong. I think that in and of itself is something to be respected of the firm & you've got to give them that at least. When it was back trading below $100 a coin man wouldn't it have been great to see some of those old blog posts! That surely didnt' age well lol

I don’t see them admitting to being wrong in anything that they have done in the past 14 years. At least from what I read from the article and understood, they are just trying to set things straight by letting everyone know that they still remain where they stand.

If you used their publication or what they said in the past not to invest in Bitcoin, they are sorry for that, but it’s entirely your own decision and not theirs. They are not completely taking responsibility but just clearing the air. Maybe that statement could have been based on the rumours they might have heard about them, which statement is a means to clear their name.

Fivestar4everMVP

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Quote from: kotajikikox on December 07, 2024, 01:50:39 AM

Quote

We’re sorry if at any moment in the past 14 years you chose based on our coverage not to buy a thing whose number has gone up. It’s nice when your number goes up. And we’re sorry if you misunderstood our crypto cynicism to be a declaration of support for tradfi, because we hate that too.

In an article posted on the 5th of December, FT Alphaville (a news commentary/financial blog created by Financial Times) "apologizes". They acknowledged that they criticized bitcoin back then by saying that the coin did not have any utility and depended a lot on hype. They also said that bitcoin was an inefficient means of exchange and that they still stand by all of these. However, by the quote shared above they are apologizing to those who missed out on bitcoin back then when it was still trading below $100 if their articles or opinions had pushed them away from bitcoin.

People are calling this a weak apology as it seems sarcastic but I actually understand their point. I know that official news sites have a lot of bearings on our opinions but if someone decided to not give bitcoin a chance based on their article, who are we really to blame? There were cynics everywhere and people who decided to go against those criticisms are the ones coming out on top now. They knew better than to listen to people who were doubting bitcoin. We all have our own opinions and if they stand by their own that is okay. If their opinion managed to sway ours, that is our fault.

Well, the thing is, if at anytime, an article turns out to be the reason why I did not buy bitcoin, and right now, the price of bitcoin has gone up, and the company that wrote the article is now coming out to apologize to everyone who have because of the article, neglected or refused/failed to buy bitcoin, the company is really messing around - sincerely speaking.

Financial times are just being plainly stupid (forgive me for using that word, just can't find another to explain myself better with), what they are doing there is like adding salt to an already healing injury, just to make the injury to become afresh again, they should be hiding their faces in shame rather than post this garbage they term as apology.

Anyone who their negative articles on bitcoin have affected in the past, I am very sure such persons will become even more angrier if and when they come across this apology and read it, even though their not buying bitcoin is not really the fault of financial times, but their personal fault themselves.

hugeblack

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Anyone who bases their investment decisions on a single report or recommendation from an investment magazine would do well to stop investing. In investing, you listen to all points of view and then decide what your next step will be. Part of listening to all points of view is hearing the pros and cons and then making the right decision. As long as you have done good research, there is no regret over missed opportunities.

davis196

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They aren't completely wrong. The Bitcoin price still gets heavily influenced by hype and political decisions.
Their apology sounds like "crypto sucks(and it will always suck), but where sorry that you haven't bought cheap crypto 10 years ago".
It sounds like a joke and there's nothing wrong with that. There's nothing wrong with being cynical. I'm a pretty cynical person too. The "crypto bros" shouldn't get butthurt by such jokes. We all know that Bitcoin/crypto isn't perfect and we also know that there's no way for Bitcoin to become the one and only global currency. I don't mind constructive criticism against Bitcoin/crypto, even if the criticism is sometimes a bit salty and offensive.

bigmanik

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A very sarcastic apology
From my point of view, they actually still don't believe in Bitcoin
They are just apologising to the readers for giving them the worst financial advice of their lives
And besides, I'm sure they just want to catch some attention using Bitcoin

MarjorieZimmermanGinger

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Quote from: kotajikikox on December 07, 2024, 01:50:39 AM

People are calling this a weak apology as it seems sarcastic but I actually understand their point. I know that official news sites have a lot of bearings on our opinions but if someone decided to not give bitcoin a chance based on their article, who are we really to blame? There were cynics everywhere and people who decided to go against those criticisms are the ones coming out on top now. They knew better than to listen to people who were doubting bitcoin. We all have our own opinions and if they stand by their own that is okay. If their opinion managed to sway ours, that is our fault.

They should have been much wiser in their reporting and even if the apology was genuine then every decision should have been based on each of us individually. We all have our own views on bitcoin and it probably won't affect the whole thing. Any cynic will still find a justification for what they said but for those of us who know bitcoin it's not a big deal. Basically, the apology was uttered because Bitcoin has given implicit testimony regarding the consolidation of the price increase so it is natural for news publishers to want to clarify their mistakes.

There is nothing more important to them than making the public believe in the news they publish and when they make a mistake, an apology is a must that they need to do and that is what happens most of the time.

tread93

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Quote from: kotajikikox on December 07, 2024, 01:50:39 AM

Quote

We’re sorry if at any moment in the past 14 years you chose based on our coverage not to buy a thing whose number has gone up. It’s nice when your number goes up. And we’re sorry if you misunderstood our crypto cynicism to be a declaration of support for tradfi, because we hate that too.

In an article posted on the 5th of December, FT Alphaville (a news commentary/financial blog created by Financial Times) "apologizes". They acknowledged that they criticized bitcoin back then by saying that the coin did not have any utility and depended a lot on hype. They also said that bitcoin was an inefficient means of exchange and that they still stand by all of these. However, by the quote shared above they are apologizing to those who missed out on bitcoin back then when it was still trading below $100 if their articles or opinions had pushed them away from bitcoin.

People are calling this a weak apology as it seems sarcastic but I actually understand their point. I know that official news sites have a lot of bearings on our opinions but if someone decided to not give bitcoin a chance based on their article, who are we really to blame? There were cynics everywhere and people who decided to go against those criticisms are the ones coming out on top now. They knew better than to listen to people who were doubting bitcoin. We all have our own opinions and if they stand by their own that is okay. If their opinion managed to sway ours, that is our fault.

Even though people are calling it a weak apology at least they are taking ownership and admitting that they were wrong. I think that in and of itself is something to be respected of the firm & you've got to give them that at least. When it was back trading below $100 a coin man wouldn't it have been great to see some of those old blog posts! That surely didnt' age well lol

BlackHatCoiner

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Yeah, I can't see how you interpreted this as an apology. I definitely owe myself an apology for spending my energy and time to convince fiat brains like these before to study bitcoin.

Financial Times need to wake the fuck up and realize we're in the middle of a currency reset. Thank you.

Cryptohygenic

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I formally had a responsive thought that they dont need to apologize because we were all into that not trusting bitcoin earlier on due to the facilitations of internet scamming tricks all over.

Quote from: kotajikikox on December 07, 2024, 01:50:39 AM

Quote

We’re sorry if at any moment in the past 14 years you chose based on our coverage not to buy a thing whose number has gone up. It’s nice when your number goes up. And we’re sorry if you misunderstood our crypto cynicism to be a declaration of support for tradfi, because we hate that too.

But I think they really owe more than just than apologize as they admits that they hated bitcoin. That is to say they knew what bitcoin would become in the future and die to hatred over the decentralized and potential values of the digital financial system of bitcoin, they just hates it and had to criticize it.
It is okay though as much they could come public to the confession. I hope this will as well play some am esteem influence of some anti bitcoins to realize themselves else they will keep living in the dark digital economy while enthusiasts are much doing well.

Perfectbaby

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Quote from: kotajikikox on December 07, 2024, 01:50:39 AM

People are calling this a weak apology as it seems sarcastic but I actually understand their point. I know that official news sites have a lot of bearings on our opinions but if someone decided to not give bitcoin a chance based on their article, who are we really to blame? There were cynics everywhere and people who decided to go against those criticisms are the ones coming out on top now. They knew better than to listen to people who were doubting bitcoin. We all have our own opinions and if they stand by their own that is okay. If their opinion managed to sway ours, that is our fault.

This is medicine after death and I wouldn't see this as apologies because they had already deceived lot of people with their information and or do they know the amount of billionaires that could have emerged by today? Okay, even though it's said that those who invested then weren't holding anymore but at least out of 100 percent of people who could had invested then, at least 1 to 10 percent could had hold till date and who knows what they could have been by now.

This is why I said this their apologies doesn't hold any meaning, and again those who also choose to listened to them do not only missed their live time opportunity rather has automatically drift away from knowing and adopting the technology on time to know what bitcoin and digital currency is all about.

But on other hands, I wouldn't blame them because they also choose not to make proper and adequate research about bitcoin, and had in mean they find themselves making research they could had still gone back to hold at least some shares of it knowing too well it was very cheap as then.

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