Topic: Something really fishy about the media couverage (Read 2969 times)

From current Google News headlines for "bitcoin":

> Bill Gates: Digital Currency Can Help the Poor, But Not Bitcoin
> Opinion: Bitcoin has no place in any portfolio
> Citi Digital Chief: Bitcoin's Economics Are Flawed
> US-based ISIS cell fundraising on the dark web, new evidence
> Isis uses bitcoin for fundraising and supporting US-based terror

There are probably an equal number (or even slightly more) of positive articles, but to say the "whole media industry" is "sheering for Bitcoin" is demonstrably false.

If anything, both the negative and positive articles have simply increased in pitch. Bitcoin is being taken more seriously by both the fans and the detractors.

I am actually surprised I didn't see much media coverage about the price swings, which actually demotivates people to buy . They have covered everything, to make them like it.

Bullshit, now that their Master's money is also in the game, they have to talk positively about Bitcoin with some funny negativity now and then (to make it look as objectivity), but before the mega bubble, Bitcoin was only a speculative bubble that was used by criminals to purchase drugs, weapons and child porn on the darknet markets such as Silkroad, or some nerds and geeks "magic internet money".

There was a tiny blip of positive coverage and that was "fishy"?

Don't worry, we've returned to the norm of totally-not-fishy negative coverage now.

anyway, my explanation: They have to give *some* positive coverage now and then, just so they can hammer down even harder when something does go wrong. It's about the drama! The media generally loves a negative story, but they are not so dumb as to never be positive.

It's like they are story writers for a soap opera. The plot has to have its twists and turns to keep the readers engaged.

Don't worry, when people dump more of their coins and the price depreciate, mining a bitcoin will get easier

try to mine one-you will see how 'easy' it is.

Conflict sells papers.  Nothing like that daily outrage to get the morning started.  I think that exchange went live in the US because it's a Winklevoss twin production.  #nameRecognition #geneticNovelty 

You're surely not the only one that realized this. Every Greek and Cypriot knows about this. Hell even people that had an idea what was actually going on in Cyprus knew. People there had tiny withdraw limits for days. All until the huge cuts were made.

The dots didn't connect, there's no logical way Cypriots would have been "using bitcoin as an escape boat". The Greek community was almost nonexistent back then, I have only heard about a couple of Cypriots or so being aware of bitcoin to this day. There's no way this could have worked even as a concept.

Me myself being extremely pro-bitcoin back then didn't dare to speak out while I was seeing bitcoin growing. But now that the price craze has settled, I couldn't help but get this off my chest. Really, if they'd want to use the media for positive coverage they'd have to feed them with something that is at least realistically possible.

Yes, I forgot about the Cyprus Crisis... they claimed that the first bubble in 2013 was caused by that... what a fucking nonsense, and yes Bitcoin price is so over inflated.

So glad someone else realizes this. All of 2013 was complete manipulation with attribution to glorified news stories and unethical trading bots. Bitcoin's true value should not be more than $40-50 right now.

If the rumors are true, Mark K literally ruined Bitcoin.

"Regulated"

The press only writes about things that sell - that are interesting. And all those incredible turns and events in Bitcoin do sell well, I guess. After the Gox failure, the almost Stamp failure, it is pretty impressive that regulated exchange goes live - in the US.

For a non bubble period there is a fair amount of media coverage but its not fishy since there is so much to report on in the bitcoin space in the last year.  Things like gold market dont have many new stories.

Nah, if there's something positive happening they just grab that chance of reporting something interesting. It's always a great story, the old "from rags to riches"... now it's "from Gox, SilkRoad, etc. to legitimacy and being NYSE-backed"

In the interests of a balanced discussion this month has been a real record breaker in terms of bitcoin deaths in the media.

http://bitcoinobituaries.com/2015/

Always a bullish signal :-)

Nope, I think the thing is that the Media industry is a tool full of shit used by the elite...

Oh yes, of course, wall street is in your side...

The thing is that media will write anything as long as it attracts the most reader. When it's up, they were full of praises and creating the scenario that btc is finally the savior. When it's down, well, you know what to expect. Just follow and stick to your principle on what you think is right.

Wall street is on our side, that brings CNBC and the others with them because Wall Street can do no wrong in their eyes!

That isn't the point, they already have what they wanted, the VC money...

Then the media found out Coinbase was faking it, and the coverage turned negative.

SFgate: "Bitcoin exchange claims it is 'regulated,’ but not in California"

Time Magazine issued a correction. The Wall Street Journal updated their article.  Tomorrow's coverage will probably be more negative.  Claiming you're regulated when you're not yields very bad publicity.

Just because they have some VC money apparently doesn't mean they have a clue.

First they deny it
Second they try to destroy it
Third they befriend it
Lastly they assimilate

Investors, economists and many other "high profile" business people said Bitcoin was crap because they either didn't fully understand it, or wanted to be the first grasping the territory.

Now they say it's amazing because they either realized they can get some profit out of it, or simply want people to go in so they can dump on their faces... At least that's what I envision that's going to happen in near future!

Now, "real" people (like NASDAQ and NYSE) are doing it instead of hackers and spoiled rich brats who won a lawsuit.

(I don't believe this, I'm just commenting on what I believe the media's opinion is.)

Didn't see that coming, huh?
Money corrupts

basically, whoever wanted to buy cheap already bought during recent V, hence a difference in coverage.
watch them going into the overdrive with a theme: "there are not enough bitcoins for everyone" once we hit the psychological two thirds (14/21) issued-projected somewhere in April.

Fishy? More Fishy that the coverage claiming that Cypriots were transferring money into bitcoin while their money was LOCKED into banks? I don't think so. I'd rather say bad reporting.

All this positive cover in the media is really fishy to me, suddenly we've got the whole media industry sheering for Bitcoin when 2 years ago ( around the first bubble in 2013) most economists were telling everyone that Bitcoin is bubble and it wouldn't work and whatnot, late 2013 when the price skyrocketed the institutional investors started investing in Bitcoin startups and even bought Bitcoin in some cases, and now they are pumping their investment and telling the world how cool is Bitcoin !!!

Most of the investors/media will tell you that Bitcoin is the biggest and most important invention after internet and it is the best financial invention in the last 500 years which is kind of insulting to all other important invention.... a deep look at the whole scene gives me the feeling that most of these pumpers don't give a single fuck about the real potential technology, nor most of users here do.


The most sane people I encountered in this community were developers, if I am to thank anyone, I would start thanking them, they are one of the rare objective people here around, and I think it has to do with their knowledge of Bitcoin's code and how unprepared it is to the masses, many and the challenges will be facing Bitcoin the next couple of years... so brace your self and watch how things develop.