Maybe we should somehow hold them accountable or at least point out their flaws...
https://bitcointalksearch.org/topic/community-proposal-credibility-rating-a-grading-system-for-the-media-168651
Topic: The press turns against us? (Read 2613 times)
desire to "see the world burn"
sounds kinda jewish to me...
Edit: seriously tho, what do you call it when an asset has a justified xponential increase in price?
An adoption curve.I like this term. It's amazing how many journalists are unable to see the difference between a bubble and an adoption curve. When something has to start at zero but has the potential to be worth millions, there is by definition going to be a phase in which prices increase exponentially. On reddit, Nassim Taleb immediately got it when he stated that much of Bitcoin's current volatility was due to the low dollar value. Why is it so hard for journalists to understand?
screw the presstitutes !
1- Most people have no idea what bitcoin is, how it works or what the fundamental concepts behind it are.
2- That doesn't stop them from writing about it.
3- Rational, well reasoned thought doesn't sell newspapers or get a lot of web views.
2- That doesn't stop them from writing about it.
3- Rational, well reasoned thought doesn't sell newspapers or get a lot of web views.
These articles are probably exactly what we need right now. If the popular sentiment is that we're in a bubble, we may manage to avoid becoming one.
That. Bitcoins better stay in firm and knowledgeable hands. Seems like the press starts to turn against bitcoin, perhaps out of jealously or just their desire to "see the world burn". All my google news stories include the word "bubble".
1) I don't think the media cares either way when it comes to bitcoin, they are just reporting the news in this case
2) It's very normal for anyone to say bitcoin is in a bubble, it very well might be. Typically when things skyrocket in value in a short period of time it results in a bubble.
People can argue all day weither or not BTC is in a bubble and if it's going to have a hard landing or not, but it's certainly not weird for many people to view BTC as a bubble because it shows pretty much every sign you would need to show for something to be considered a bubble.
Edit: seriously tho, what do you call it when an asset has a justified xponential increase in price?
An adoption curve. 
if they call this a bubble, what will they call 400$ bitcoins???
Bitcoin is not a bubble... bitcoin is a rice krispie square! snap, crackle, POP!
Edit: seriously tho, what do you call it when an asset has a justified exponential increase in price?
Bitcoin is not a bubble... bitcoin is a rice krispie square! snap, crackle, POP!
Edit: seriously tho, what do you call it when an asset has a justified exponential increase in price?
I really hope that bad press will slow down bitcoin pricing a little bit.
These articles are probably exactly what we need right now. If the popular sentiment is that we're in a bubble, we may manage to avoid becoming one.
given the rise in value, ill take this chance to agree with you on this
You can't blame them for suggesting it's a bubble, many people within the Bitcoin share their view that this is a speculative bubble.
id agree that there is a much larger chance now then there was two weeks ago(when the price was 50$) that this could be a bubble. but i dont so much care if it is or isnt. rather it will be interesting to see where the price ends up if it is a bubble. I dont expect it to drop below 50$ even if this is a bubble. in either case the value still rose.
I've been watching for news about the massive leak of financial data. Very few mainstream US media outfits have much about it. It's just not very interesting in the US somehow. Gee...I wonder why
When I pay attention to mainstream media these day it is almost always just to see what media covers what news rather than to actually read the content.
I owe a huge debt of gratitude to GW Bush for stealing the election of 2000. That really opened my eyes to how the mainstream media works in the US. My ceasing paying attention to the mainstream media coincides with my success in various other efforts which is almost certainly in part due to chance, but also to freeing my mind from contamination.
The key to all this is Ebb & Flow.
It all justs Ebbs & Flows.
^^ Well Put Elwar
It all justs Ebbs & Flows.
^^ Well Put Elwar
There is an ebb and flow within the media. Once a story comes out, if there is positive attention paid to something, the opposite will be true within days. Same if something negative comes out, a few days later there will be articles about the other side of the story. Ever followed politics?
For every story the media gets two stories out of it this way.
For every story the media gets two stories out of it this way.
The only thing about Bitcoin that is a bubble is the paper money it's being traded for, too bad people just aren't realising it.
You can't blame them for suggesting it's a bubble, many people within the Bitcoin share their view that this is a speculative bubble.
If this is true, and I don't follow mainstream news very much, all it is to me is further evidence that the big money is taking an active interest and wish to tamp down competition and shake some BTC down out of the small orchard of geek/petty-thief trees.
The financial press in particular a a fully owned subsidiary of the hedge fund types. How anyone could listen to them after being burnt again and again and again since back to at least the dotcom bubble days when I started watching is beyond me.
They love scare mongering and have been making money doing that for years. A lot of them probably have a few coins tucked away.
These articles are probably exactly what we need right now. If the popular sentiment is that we're in a bubble, we may manage to avoid becoming one.
It feels to me like it's a scramble amongst them to be the ones who were "right" and predicted the popping of the bubble. They like to write the news before it happens, if they can. And since the last time the price rose like this it was a bubble and popped, they blindly assume everything will happen exactly as before. One data point is enough for them!
And now, if the value decreases at any point in the future they can feel vindicated too.
The whole attitude of the press towards anything new is so terribly similar to bullying and other mob behaviours. The hatred of things or people that are different.
And now, if the value decreases at any point in the future they can feel vindicated too.
The whole attitude of the press towards anything new is so terribly similar to bullying and other mob behaviours. The hatred of things or people that are different.
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