Newbies should understand how bitcoin works before reading mainstream media - page 2.

Asiska02

hero member

Activity: 1008

Merit: 702

Quote from: Accardo on November 05, 2024, 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.

They are media sources that when they do beyond which they’re suppose to, they may have to face the government for it. I don’t think they don’t have enough information about the technicalities of bitcoin, they’re just not sharing it for people to get to know more about bitcoin and just allowing them to know the basics of it only, knowing the price of bitcoin only. The news about Trump will have a positive impact on his elections when it’s affiliated to bitcoin and that’s why they shared such news there.

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.

Those sites are focus mainly on the fundamentals of bitcoin and those are what the governments have influence on and can control. Any other thing that has not to do with them having some level of control over the system, they won’t allow the people to get to have that knowledge. This is not something that is surprising. The government and its concubines will always do what will favour them over what the masses will benefit more from.

Findingnemo

hero member

Activity: 2366

Merit: 793

Bitcoin = Financial freedom

People buy Bitcoin for multiple reasons such as mostly the investment purposes and to use on casino platforms, then to make actual peer to peer transfer by eliminating the traditional banking system. Now about people who buy Bitcoin just purely for Investment doesn't necessarily to have technical aspects of Bitcoin, just a overview is good enough but the real important thing is wallet security, finding the right trading platforms.

Mame89

hero member

Activity: 1736

Merit: 501

Quote from: _act_ on November 05, 2024, 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.

That's what happens to many people, why do they often lose bitcoins like being hacked or because of other things, it's all because they only read news or articles about bitcoin speculation. Especially when bitcoin is strengthening like now, many of them are interested in buying bitcoin, actually there is nothing wrong, it's just that they forget to learn about bitcoin as a whole, such as asset security, safety, and privacy.

So it is very important for everyone, especially beginners, to learn the most basic bitcoin system before buying because bitcoin investment has a big risk if understood correctly. And we are very lucky to be in this forum so that we can learn a lot about the basics of bitcoin which in the end we can maintain assets properly and correctly.

Doan9269

hero member

Activity: 812

Merit: 560

Quote from: Accardo on November 05, 2024, 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.

The most effective means to get the right and needed information's concerning bitcoin is from this forum at first, the second is from github and other crypto related platforms, articular and contents, platform like learn me bitcoin can also ne useful in acquiring the basic fundamental knowledge of bitcoin, but other mainstream apps and social media platforms like forbs youtube and facebook may not be accurate in their information contents because some people only post in other to achieve their own personal target which is quite been different form the reality in learning bitcoin.

Moreno233

sr. member

Activity: 434

Merit: 253

We have passed the stage in which the mainstream media were working so hard to discourage people from embracing Bitcoin, calling it all manner of names. Now almost everyone have come to terms with the fact that Bitcoin is neither a bubble nor a ponzi, two wrong assertions from some vocal Bitcoin critics. Understanding how Bitcoin works and the speculation of the mainstream media are two different and independent things. Both information are important for the newbies because they are what constitute good knowledge of Bitcoin.

Taskford

hero member

Activity: 2520

Merit: 783

Quote from: Davidvictorson on November 06, 2024, 06:48:12 PM

And for newbies who are looking for a place to start to under how Bitcoin works before reading mainstream media, I'll share mk4 compilation for those need to start from somewhere. It has helped me immensely and I hope it does so for you too. Here it is below.

Quote

Also, if you're new to bitcoin as well:

* If you like reading articles: https://coindesk.com/learn
* If you like reading books: https://theinternetofmoney.info/
* If you like watching videos: https://www.youtube.com/playlist?list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj

Security related:
* https://chainsec.io
* https://www.lopp.net/bitcoin-information/security.html

If you want to get more technical
* https://github.com/bitcoinbook/bitcoinbook#chapters

https://bitcointalksearch.org/topic/m.64121922

They can learn a lot from this site shared so if newbies would just go on credible sites that share information about bitcoin provably that they would found their selves getting good information that can help them to know more about bitcoin and what are helpful things that possibly can generate them some possible good profits.

By the way thanks for sharing this compilation and will provably share this to people I know who want to learn more about bitcoin. But what I can suggest to people is to search for more credible sources since there's provably more needed to learn about bitcoin.

Davidvictorson

hero member

Activity: 1120

Merit: 887

Livecasino.io

And for newbies who are looking for a place to start to under how Bitcoin works before reading mainstream media, I'll share mk4 compilation for those need to start from somewhere. It has helped me immensely and I hope it does so for you too. Here it is below.

Quote

Also, if you're new to bitcoin as well:

* If you like reading articles: https://coindesk.com/learn
* If you like reading books: https://theinternetofmoney.info/
* If you like watching videos: https://www.youtube.com/playlist?list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj

Security related:
* https://chainsec.io
* https://www.lopp.net/bitcoin-information/security.html

If you want to get more technical
* https://github.com/bitcoinbook/bitcoinbook#chapters

https://bitcointalksearch.org/topic/m.64121922

uchegod-21

hero member

Activity: 1134

Merit: 643

BTC, a coin of today and tomorrow.

Quote from: Accardo on November 05, 2024, 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.

One thing I love about this industry is that even things that you neglect contribute to market effects. Even they so called lies have their way of contributing to the industry by creating FOMO or FUD. Sometimes, one does not need to be technically rooted in Bitcoin and cryptocurrency before they could influence the market. There is a lot of influence in fundamental and these media find way to create them.

At the end of the day, Trump won and BTC is above 70k and heading to 80k. However, it is expedient that newbies know the basics of bitcoin before following the media.

avp2306

sr. member

Activity: 1022

Merit: 363

Quote from: CryptopreneurBrainboss on November 06, 2024, 05:06:46 PM

Quote from: Accardo on November 05, 2024, 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.

We can't stop the media from spreading their lies and fomo attempts to manipulate the market. We can't stop them from reporting what they feel like doing but we can make them to stop with their manipulation through not believing what they say.

We can go opposite of everything that they claim will happen but some people will still believe them because people are looking for who they can follow as leaders.

Mainstream media has a propaganda to control the price of Bitcoin and they know they can only do that through reporting fake or wrong news to put fear in the markets and this what is happening in the market. Not everything that the media reports that we're going to believe. We can verify some news from external sources that aren't the typical media.

They believe on those outlets its because they think they are professional enough to deliver credible information, but they didn't know that this media outlets is weapon to manipulate peoples mind that's why people should be a critical thinker so that they would know what is right and what is wring they hear some information coming from them.

Its so important that we are knowledgeable enough to know bitcoin also how everything works so that we will not get mislead by their manipulative attacks and can really go opposite base on what they are spreading.

Now that Trump win as the President in US for sure Bitcoin will be in the limelight so its better for us to know some information to verify if we are been feed up by misinformation or not.

CryptopreneurBrainboss

legendary

Activity: 2450

Merit: 4295

eXch.cx - Automatic crypto Swap Exchange.

Quote from: Accardo on November 05, 2024, 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.

We can't stop the media from spreading their lies and fomo attempts to manipulate the market. We can't stop them from reporting what they feel like doing but we can make them to stop with their manipulation through not believing what they say.

We can go opposite of everything that they claim will happen but some people will still believe them because people are looking for who they can follow as leaders.

Mainstream media has a propaganda to control the price of Bitcoin and they know they can only do that through reporting fake or wrong news to put fear in the markets and this what is happening in the market. Not everything that the media reports that we're going to believe. We can verify some news from external sources that aren't the typical media.

Accardo

hero member

Activity: 1274

Merit: 561

Leading Crypto Sports Betting & Casino Platform

Quote from: nakamura12 on November 06, 2024, 03:41:42 PM

There are writers that are much like those social media influencers where they post or write something like that to make other people believe what they write or post. If you ask me it is the same as someone teaching bitcoin to other person the wrong information or details which leads to knowing a false information. It is the most important thing for a newbie to do when starting in cryptocurrency such as reading more about bitcoin and making sure that the information is from the right source.

Their amateur publishers use keywords on "politics" to target fresh investors and write them contents that encourages buying on the hope of 'who wins the election'. With no details of security, scam, vulnerability, wallets sprinkled on the content. Such readers will end up confused during market changes.

nakamura12

hero member

Activity: 2268

Merit: 669

Bitcoin Casino Est. 2013

There are writers that are much like those social media influencers where they post or write something like that to make other people believe what they write or post. If you ask me it is the same as someone teaching bitcoin to other person the wrong information or details which leads to knowing a false information. It is the most important thing for a newbie to do when starting in cryptocurrency such as reading more about bitcoin and making sure that the information is from the right source.

robelneo

legendary

Activity: 3416

Merit: 1225

Enjoy 500% bonus + 70 FS

Quote from: Accardo on November 05, 2024, 10:01:23 AM

.. 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.

Its not good that what you know about Bitcoin is the financial aspect, it will make your belief in Bitcoin superficial, you only here because of the profit and when see that the market is in bear and you keep losing your investment, you will eventually discard investing in Bitcoin.
Its important to read and understand Bitcoin's whitepaper and use it to buy stuff on the internet, because this is the end goal of Bitcoin: to be used as a peer-to-peer payment.

Zoomic

sr. member

Activity: 630

Merit: 277

Any newbie who starts to learn about bitcoin for the first time from this forum should consider himself very lucky to have found a source he can learn everything about bitcoin the way it is and not like some random updates/teachings to get traffic on social media platforms. Many of us heard about bitcoin/crypto from the mainstream media, we got fed with only the ideas that excited us to invest. We made some mistakes because we were not fully informed. I guess that is what makes us newbies, if we knew better, we wouldn't settle there.

Using myself as an example, the mistakes I made with my first investment in crypto made me to research further to find out what went wrong. Found this forum along the line and I can only boast because I am sure of the information I am getting here.

Most newbies actually do proper findings before they invest, but the issue is, they are newbies and still at the learning stage. How sure are they that they are learning from the right people?

Media platforms are still neccessary to give insights to newbies, if the newbies fail, they learn from their mistakes like I did.

lovesmayfamilis

legendary

Activity: 2072

Merit: 4265

✿♥‿♥✿

OP, by making such a statement, how many newbies do you think will hear you? Everything that starts to be popularized initially comes from the most popular news channels. And newbies are those who just fall under the influence of this news. Weren't you the same? We all go through this path and then draw conclusions based on the information that is provided to us. Someone must learn on their own, and someone must learn from the mistakes of others. The curious will be safe because they will go further and find many sources, filtering out the garbage. But others can fall into the clutches of advertising; otherwise, it would no longer exist, and they still have a choice in their opinion and conclusions.
You cannot teach everyone or protect everyone; everyone has their path to information.

Publictalk792

sr. member

Activity: 448

Merit: 354

Popular media outlets like Forbes mainly talk about Bitcoin price going up and down. They do not explain good how Bitcoin works or its inner workings. This can confuse new investors who might believe sensational predictions like Trump win making Bitcoin price jump to $70000 or $80000. For good understanding it is best to check good sources like Bitcoin Magazine. They offer expert advice and guides on Bitcoin basics. Official Bitcoin website is also great place to start. It has detailed guides on how Bitcoin works its technology and transactions. To really understand Bitcoin do not just rely on mainstream media focus on prices. Look deeper into blockchain transactions and encryption principles

Felicity_Tide

full member

Activity: 168

Merit: 138

cout << "Bitcoin";

Quote from: Accardo on November 05, 2024, 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.

IMO, getting to know how political news and rumors trigger Bitcoin price movement isn't something that someone must really learn even as a beginner. It's something I believe every newbie can get to know as they keep hanging and spending more time on the Bitcoin space. Of course, I will agree with you that some blogs don't really teach those basic Bitcoin knowledge, though I've not check Forbes that you mentioned. I think in my early days here as a beginner, I used more of River learn, even though their teaching wasn't too technical and indepth, but was perfect for a beginner to gain that basic Bitcoin knowledge. I still read through some of their articles when I've the chance to do that.

GiftedMAN

hero member

Activity: 924

Merit: 600

Watch&Pray.

Quote from: _act_ on November 05, 2024, 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

Activity: 1064

Merit: 1298

Lightning network is good with small amount of BTC

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

sr. member

Activity: 518

Merit: 418

Fine by Time

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.

Topic: Newbies should understand how bitcoin works before reading mainstream media - page 2. (Read 521 times)