Newbies should understand how bitcoin works before reading mainstream media

GiftedMAN

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Quote from: _act_ on Today at 04:12:07 PM

It is true that newbies in crypto should read about how bitcoin works before buying bitcoin and before reading mainstream news or articles. But what that is most important is not about how bitcoin works but about security, safety and privacy. Some people do not read it but what that taught them lesson is when they lost their coins to hackers.

Most newbies do not make proper findings before choosing to invest in cryptocurrency they do not take out time to know what they want to invest in what they do is just to read about the price of Bitcoin, plan on how they can use it to make gains and nothing more, majority of the people who have lost their funds as a result of negligence of the importance of adopting security measures to protect their funds.

People should know this, the media is just there to create their own content they may not take out time to do what any investor is supposed to do so it is the responsibility of the investor to do adequate ready and know the right time to invest before choosing to invest in the first place.

_act_

legendary

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It is true that newbies in crypto should read about how bitcoin works before buying bitcoin and before reading mainstream news or articles. But what that is most important is not about how bitcoin works but about security, safety and privacy. Some people do not read it but what that taught them lesson is when they lost their coins to hackers.

Agbamoni

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Bitcoin has become a good topic for discussion and publication. One thing I know is that these sites are deeply interested in building their reputation and speaking on current trending topics that will drive users to their sites. Forbes I know always has the latest on ongoing events. I am not surprised if they only speak about the price of Bitcoin rather than the development. Most of their visitors on the site are millionaires and billionaires, they will share content that helps these big men. Investors do not care about the development unless the development has something to do with the price of the asset. What they want to hear is opportunities they can derive in every news they listen to.

Ambatman

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Well it's hard to see any media outlet that post anything of substance pertaining to finance.
They just want to post something that would catch people's attention
Whether it's exaggerated or not
It's not uncommon to here news like this memecoin is more than just a memecoin.
In all they are just clickbaits they don't have time to properly researched when they thinking of a subject and title that would catch people's attention.

Coyster

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It is not new that one can get misleading information about BTC in the mainstream media, sometimes they even call bitcoin a scam and discourage people from buying it, but it is what it is, people who show a genuine interest still find a way to filter out what is false and fud, and they later find their way into bitcointalk.

That being said, at this point bitcoin is unstoppable, the government and the media knows that and despite regulations and the fud they create, the network is growing and will continue to do so.

tabas

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You nailed it OP. These sources are mainly doing content for Bitcoin about its price, there's no other content that they make about technicalities and they always romanticize some of the celebrities as usual saying that Bitcoin might pump due to them and just plainly giving prices. There's nothing wrong with that because all they wanna do is to cover something for their agency/news agency. And it's true that newbies have to learn the basic understanding of BTC first before relying to the news that they can read through these sources.

Wiwo

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When it comes to bitcoin, what an individual need is a self deep knowledge and understanding of the market in your own unique ways, most times what differentiate our experiences in bitcoin is the amount of our cash flows, because when an individual have a enough cash flow his bitcoin purchasing appetite will be highly increase and he may not consider timing and even price sometime when he want to invest in bitcoin.

So before a government or politicians will have such influence on bitcoin through the mainstream media, bitcoin real effect will have started from the individual level, so the real bitcoin suporters are the community and not the news or government since they have no control over bitcoin.

Mia Chloe

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Firstly is see the idea of trying to learn bitcoin or crypto currency in general from social media influencers is just a waste of time. One very huge defect of learning from social media platforms is lack of authentic and correct information. The internet as well as social media enis full of lies and a whole lot of wrong information all round. People really don't care these days what they promote as well as what they explain online if it's the right information or not.

As far as I'm concerned a majority of social media influencers really don't care much the kind of information they give out to the public as long as it benefits them especially in a financial way. One of the most important things a newbie is supposed to achieve is the ability to differentiate authentic information from wrong ones.

Faisal2202

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Quote from: Accardo on Today at 10:01:23 AM

Over the years, mainstream sites like Forbes, rarely share information regarding the development of Bitcoin or how it works. Most often these sites only publish information on bitcoin price only. The last post I read on Forbes was about trump and how his victory would pump the price of Bitcoin to 70k or 80k. These writers don't have deep rooted knowledge of Bitcoin other than to push naive investors to throw in money into Bitcoin without any proper background information.

However, their opinions are also generalized, everyone is aware of how bitcoin price works, and they could say anything like it'll hit 100k... Since they'll be nothing favorable to learn on the main media blogs it would be better for newbies to read resources here and be well grounded on Bitcoin before going further to research on sites that only focus on how politics would skyrocket bitcoin price.

You are right but most of the newbies don't really get at first that their approach to learning BTC is wrong, I don't know how I ended up here because the approach I chose was so dumb and would never have led me here but I think it's luck. I always think of BTC as money money-making machine when in 2018 I came to know about it. Point is after sometime when we leave it by frustration and then again give some time to it.

Then we realize we chose the wrong path to understand how BTC works and we chose the wrong sources. I am blaming myself and regretting for following some famous YouTubers from my country guiding us about online work while they were simply making some attractive thumbnails and making money out of us and when I realize that I left them but did not tried to find other best options and when I do I failed.

Now as time passes, I found more and more resources and I wish if I would have seen them before. The point is a lot of time has been passed when a newbie come to realize they are on the wrong tack with wrong friends.

Richbased

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Just like every other person or media platforms is trying to use the possible outcome of the United States elections in making speculations of bitcoin price, same way Forbes is also making assumptions. Perhaps, Forbes also specializes on influence of politics on world economy, so if they are ONLY talking about Trump's possible victory playing a major role in pumping the price of bitcoin instead of emphasizing on it's development, i don't see anything wrong or misleading there because that is literally what most bitcoin lovers think also.

We all know that newbies follow the news more than making thorough research about something but we can't completely say that it is mostly a newbie thing because old investors also follow the news and make speculations and moreover, we know that the United States elections will be a major factor of bitcoin price performance even though it won't be for a long time. However, since politics does not determine how further the price of bitcoin will be, we shouldn't be concerned about the outcome of the United States elections, but we should focus more on what is ahead of bitcoin after the elections since the impact wouldn't stand for long.

tbct_mt2

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Quote from: Accardo on Today at 10:01:23 AM

Over the years, mainstream sites like Forbes, rarely share information regarding the development of Bitcoin or how it works.

Soon they will have to change because Bitcoin adoption has ever been greater than in 2024 and it has been continuing its adoption growth in coming years.

Quote

However, their opinions are also generalized, everyone is aware of how bitcoin price works, and they could say anything like it'll hit 100k... Since they'll be nothing favorable to learn on the main media blogs it would be better for newbies to read resources here and be well grounded on Bitcoin before going further to research on sites that only focus on how politics would skyrocket bitcoin price.

If people want to learn about Bitcoin, they can search and find many resources for learning and they need to learn basics first, price is not everything about Bitcoin. They need to know fundamentals that make Bitcoin value, and value makes its price on the market.

https://learnmeabitcoin.com/
https://www.lopp.net/bitcoin-information.html
https://www.bitcoinmagazinepro.com/learning/
https://github.com/bitcoinbook/bitcoinbook
https://vijayboyapati.medium.com/the-bullish-case-for-bitcoin-6ecc8bdecc1

Hatchy

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Quote from: Accardo on Today at 10:01:23 AM

However, their opinions are also generalized, everyone is aware of how bitcoin price works, and they could say anything like it'll hit 100k... Since they'll be nothing favorable to learn on the main media blogs it would be better for newbies to read resources here and be well grounded on Bitcoin before going further to research on sites that only focus on how politics would skyrocket bitcoin price.

These sites are just there to cause major speculations in the market.. it's why most of the times I don't advice newbies to follow up on these news sites as most of the writers just put up contents to increase their views and likes not caring much of their informations has any real effect on the market on not.. they dont have good knowledge on Bitcoin and so if anyone really wants to know about Bitcoin then this forum actually teaches more than you will ever get outside.. again, the coming election might not necessarily affect price but you can see how these speculation has already been wide spread. so it might cause a major shock in the market leading to a short retest in price.

Apocollapse

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These medias do have articles about technical, although it just a copy paste, but at least they have.

Like this one https://www.forbes.com/sites/digital-assets/2024/06/06/how-much-should-bitcoin-change/

But, such news will not able to be popular because most people avoid to read that, most people aren't interested with technical and development stuffs. People should need to understand the basic, they don't have to follow the development, even myself can't able to follow all Bitcoin development.

pakhitheboss

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Quote from: Accardo on Today at 10:01:23 AM

Over the years, mainstream sites like Forbes, rarely share information regarding the development of Bitcoin or how it works. Most often these sites only publish information on bitcoin price only. The last post I read on Forbes was about trump and how his victory would pump the price of Bitcoin to 70k or 80k. These writers don't have deep rooted knowledge of Bitcoin other than to push naive investors to throw in money into Bitcoin without any proper background information.

Tell me one simple thing! Do you like free publicity or you don't? I say such negative news were most common back in 2018 and it went on till 2021.

Did Bitcoin got thrashed or the governments of most countries banned Bitcoin? What I see now is that those negative publicity made it to where we see Bitcoin now. Remember with every step that Bitcoin takes you will find one questioning about it. It is imperative that we as a community sit tight and let Bitcoin take it couse in this financially inefficient world. .

Quote from: Accardo on Today at 10:01:23 AM

However, their opinions are also generalized, everyone is aware of how bitcoin price works, and they could say anything like it'll hit 100k... Since they'll be nothing favorable to learn on the main media blogs it would be better for newbies to read resources here and be well grounded on Bitcoin before going further to research on sites that only focus on how politics would skyrocket bitcoin price.

I don't know or will ever understand why you need to come up with the same topic. I mean such topics are being posted every now and then by the newbie or a member account holder. I might have missed it! But l, I have never seen a higher ranking user create such an irrelevant topic that does not hold any systematic value. Let me know if you did not understand what I meant.

Accardo

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Over the years, mainstream sites like Forbes, rarely share information regarding the development of Bitcoin or how it works. Most often these sites only publish information on bitcoin price only. The last post I read on Forbes was about trump and how his victory would pump the price of Bitcoin to 70k or 80k. These writers don't have deep rooted knowledge of Bitcoin other than to push naive investors to throw in money into Bitcoin without any proper background information.

However, their opinions are also generalized, everyone is aware of how bitcoin price works, and they could say anything like it'll hit 100k... Since they'll be nothing favorable to learn on the main media blogs it would be better for newbies to read resources here and be well grounded on Bitcoin before going further to research on sites that only focus on how politics would skyrocket bitcoin price.

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