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Topic: Why are there so many Bitcoin news sites? (Read 1662 times)

sr. member
Activity: 308
Merit: 250
March 05, 2015, 09:33:51 AM
#27

I'm guessing that most of these sites profit from ad revenue since they tend to have lots of ads. So is it profitable? And does there really need to be so many news sites covering a single topic?

You would be right here ^^ they must make add revenue and yes if it gets enough visitors it could become very profitable imo.

Also i would say it is better the more place you can go for news even if there is a lot at least you know no single entity has a monopoly which is what you definitely do not want,..     
hero member
Activity: 588
Merit: 500
What is making you think these sites are just making profit which is limited to themselves?
There are article writers who are getting paid in Bitcoins and if you think you are eligible to write, either open up a news site yourself or write articles for any of these and get paid in BTC. Instead of asking, you should take these as alternatives to either read or write there.
legendary
Activity: 1596
Merit: 1005
★Nitrogensports.eu★
I used to have a short list of Bitcoin and general crypto-related news sites in my bookmarks bar but now I see that the list has become very, very long. There is CoinDesk, CoinTelegraph, CoinsSource, Bitcoin Magazine, Altcoin Herald, CryptoArticles, CryptoCoinsNews, as well as similar sites like Let's Talk Bitcoin which have articles and news but presents the information in a show format.

I'm guessing that most of these sites profit from ad revenue since they tend to have lots of ads. So is it profitable? And does there really need to be so many news sites covering a single topic?
So I am wondering. You are sad and mad that there are a lot coverage about bitcoin and other altcoins? Or maybe you are dissatisfied with the level of articles you can find on these sites? I always thought that variety is flavor of life and when I have a wide choice I can find something for myself easier. I am happy that I am not limited to one or two news sites. That only means that bitcoin is popular!
sr. member
Activity: 354
Merit: 250
Yeah most people probably start one for the ad revenue. There is a ton of normal news sites as well so not too strange that there is a ton of bitcoin related ones.

Exactly this. It's the same reason why there's so many faucets and bitcoin forums. They're all trying ti get their foot in the door and build fanbases so they can earn money from advertising. It's not just news sites either but plenty of people are trying to get ahead with bitcoin businesses because they can see the potential for profit in it.
sr. member
Activity: 252
Merit: 250
I find very positive the existence of several Bitcoin news sites. Because, this can cause the subject (Bitcoin) arrives faster to people who do not know.
Q7
sr. member
Activity: 448
Merit: 250
It's a hot topic where people want to read news about btc. If you are into online marketing, you can also see that the keyword "bitcoin" has a lot of competition by advertiser to bid on it. Quite a decent amount there especially when you type the keyword "online investment", the word bitcoin will also pop up. So you might imagine the news site are doing pretty well off from the ads earning.
legendary
Activity: 3192
Merit: 1348
Well there were only a few originally to start with and once they started making some profit I think others thought they could do the same.
I see it kind of like the YouTube partner programme. A couple of kids did well and now every kid thinks he can be the next big thing so is creating his or her own channel.
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
Good! They are competing to be the leading press media and try to attract as many readers as possible to generate revenue. We, as a cryptocoiner, pick the best site to read the information about it.

Most of the news is rehashed crap with no additional editorial analysis. I don't need to see the same three sentences of information rewritten in ten different ways.

Pretty much this if I recall correctly sometimes some of the original sources use cryto articles on their services such as Virtex (not cavirtex) before mainstream as leverage towards legitimacy it takes more motivation to scam this way but I've seen it done.
As I recall there was a similar interview with the creators of mintpal and likely more such examples I missed.
But I think that is just a consequence more than a cause.

As with most things you'll have to filter the information and determine what is good and what is not.


Historical Example of a Scam Startup

Good news. Literally! We have been featured in several online financial news magazines. You can read all about us at:

http://bitcoinmagazine.com/12213/virtex-launching-international-cryptocurrency-exchange/
http://www.leaprate.com/forex-industry-news/entry/virtex-expands-the-revival-of-the-bitcoin-exchanges-as-they-shift-to-emerging-markets.html
(NOTE: Leaprate has made a misteke: we will not allow traders from FATF blacklisted countries, we have contacted them in order for this mistake to be corrected)
http://www.cryptocoinsnews.com/news/sponsored-stories/virtex-cryptocurrency-exchange/2014/04/10

We hope that you are as excited about the upcoming launch as we are. If you have any questions please do not hesitate to contact us through live chat (online 8am - 4pm +2GTM Mon - Fri), or send us an e-mail to [email protected]

P.S. @cavirtex does the 'Canadas oldest and biggest exchange' really have nothing better to do than spam?
legendary
Activity: 3542
Merit: 1352
Cashback 15%
I used to have a short list of Bitcoin and general crypto-related news sites in my bookmarks bar but now I see that the list has become very, very long. There is CoinDesk, CoinTelegraph, CoinsSource, Bitcoin Magazine, Altcoin Herald, CryptoArticles, CryptoCoinsNews, as well as similar sites like Let's Talk Bitcoin which have articles and news but presents the information in a show format.

I'm guessing that most of these sites profit from ad revenue since they tend to have lots of ads. So is it profitable? And does there really need to be so many news sites covering a single topic?

Yup. That's why an ad blocker comes in handy when visiting these sites  Tongue And some of their ads are too annoying for the user that reading the news they've come for isn't achieved without too much hassle going around.
legendary
Activity: 1022
Merit: 1000
Ad revenue.
People arent even original anymore..

They have scripts that fetches articles from the bigger sites like coindesk and a new other big ones.

Its rather sad to see people trying so hard to make some money off others success like that.

I hope that they will go down and let those who accually work hard for their website make the real money.
sr. member
Activity: 392
Merit: 250
I hadn't noticed that there aren't really any anti-BTC sites out there. I think BTC has a great future but I would love to watch a major TV show called Fuck Bitcoin or whatever
sr. member
Activity: 278
Merit: 251
As recently as 2013 I could find barely any mentions about bitcoin on the entire web on any given day except for here on this forum and a few reddit posts. So much better and easier to glean info about the ecosystem now.
legendary
Activity: 1904
Merit: 1074
it costs a couple grand per month to operate a basic website for news ... especially if you are the one person writing all the "articles" ... and if you've got 10,000 + btc or so ... each dollar up makes you more money than the total operating costs of the site + your time ... basically each and every one of the "bitcoin news" sites is operated by people with an extreme heavy position in bitcoin gaining value for profit ... ad revenue is irrelevant compared to the price of the bitcoin when you're heavily invested in bitcoin ... just ask yourself ... what would i do if i had 100,000 btc ? ... i'd make a website with nothing but positive slanted news in regards to bitcoin ... duh ...

From what I've seen, most of these news sites have more than one person writing the articles. For example, I can see four different names on the front page of CoinDesk alone. Although I'm sure the writers themselves have lots of BTC so it would be in their best interests to write favorable articles about Bitcoin.

Not to mention the sites that spread FUD or misinformation or fake articles.  Sad

In the end, you will have to decide on the most reputable sites and stay with them. People on reddit are quick to point out BS in articles, so it becomes easy to spot the good ones from the bad ones.

I tend to read articles with a open mind and then check them here ---> https://bitcointalk.org/index.php?board=77.0 { Our forum members are also quick to respond on BS, if it was posted there }



Just out of curiosity but which news sites spread FUD, misinformation, or fake articles?

That reminds me, are there any negatively-slanted Bitcoin news sites? I know there was Buttcoin.org which liked to poke fun at the Bitcoin community but that one was satirical and not at all supposed to be serious.

There is a thread or post on this subject on this forum... I searched for key words, but cannot seem to find it. {Maybe one of the other forum members can post a link to it... but I will keep on searching for it, and I will update this post, with the link}

The point I wanted to make, is not all Bitcoin news sites are above board, with the content provided. {They will post FUD and fake articles to attract attention to their sites, and this will increase their traffic for better adverticement income}

You should always "check" them against comments made on forums like this. {They get exposed VERY quickly} To take one example .... the announcement made, Coinbase - first licensed u.s. exchange for bitcoin... and it listed 24 jurisdictions.... some people checked it, and it was false. Some of these jurisdictions had no registered licensing for a bitcoin exchange. {Hype / misinformation.... ?} you decide.

Things are blown up, to sensationalize... it's like that all over the internet, and not just with Bitcoin news sites.
sr. member
Activity: 476
Merit: 500
I like boobies
One can only hope it's a sign that Bitcoin is becoming more mainstream. It's probably no exaggeration to claim that there's many thousands of news sites out there covering nearly just as many different kinds of topics. It seems only natural to me that the number of news sites covering Bitcoin is growing. It's also normal that many won't be original and some will even try to spread disinformation, but all of them will try to make money from whatever they're doing.
legendary
Activity: 3248
Merit: 1070
everyone wants its slice, it's natural, that so many site pop up, this is true in everything in the world when something new come out or get the world attention
legendary
Activity: 1484
Merit: 1001
Personal Text Space Not For Sale
Hmm.. why is there so many news channel around the world? Bitcoin is getting more and more popular.. Logic, more news sites will be set up. We would probably have over a thousand of Bitcoin news soon.. Or we might be having now.. :L
sr. member
Activity: 406
Merit: 250
it costs a couple grand per month to operate a basic website for news ... especially if you are the one person writing all the "articles" ... and if you've got 10,000 + btc or so ... each dollar up makes you more money than the total operating costs of the site + your time ... basically each and every one of the "bitcoin news" sites is operated by people with an extreme heavy position in bitcoin gaining value for profit ... ad revenue is irrelevant compared to the price of the bitcoin when you're heavily invested in bitcoin ... just ask yourself ... what would i do if i had 100,000 btc ? ... i'd make a website with nothing but positive slanted news in regards to bitcoin ... duh ...

From what I've seen, most of these news sites have more than one person writing the articles. For example, I can see four different names on the front page of CoinDesk alone. Although I'm sure the writers themselves have lots of BTC so it would be in their best interests to write favorable articles about Bitcoin.

Not to mention the sites that spread FUD or misinformation or fake articles.  Sad

In the end, you will have to decide on the most reputable sites and stay with them. People on reddit are quick to point out BS in articles, so it becomes easy to spot the good ones from the bad ones.

I tend to read articles with a open mind and then check them here ---> https://bitcointalk.org/index.php?board=77.0 { Our forum members are also quick to respond on BS, if it was posted there }



Just out of curiosity but which news sites spread FUD, misinformation, or fake articles?

That reminds me, are there any negatively-slanted Bitcoin news sites? I know there was Buttcoin.org which liked to poke fun at the Bitcoin community but that one was satirical and not at all supposed to be serious.
legendary
Activity: 1904
Merit: 1074
Not to mention the sites that spread FUD or misinformation or fake articles.  Sad

In the end, you will have to decide on the most reputable sites and stay with them. People on reddit are quick to point out BS in articles, so it becomes easy to spot the good ones from the bad ones.

I tend to read articles with a open mind and then check them here ---> https://bitcointalk.org/index.php?board=77.0 { Our forum members are also quick to respond on BS, if it was posted there }

sr. member
Activity: 406
Merit: 250
it costs a couple grand per month to operate a basic website for news ... especially if you are the one person writing all the "articles" ... and if you've got 10,000 + btc or so ... each dollar up makes you more money than the total operating costs of the site + your time ... basically each and every one of the "bitcoin news" sites is operated by people with an extreme heavy position in bitcoin gaining value for profit ... ad revenue is irrelevant compared to the price of the bitcoin when you're heavily invested in bitcoin ... just ask yourself ... what would i do if i had 100,000 btc ? ... i'd make a website with nothing but positive slanted news in regards to bitcoin ... duh ...
sr. member
Activity: 280
Merit: 250
You are free to create as many sites as you want on world wide web!
Although I only prefer reading coindesk, cointelegraph and cryptocoin news.
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