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Topic: WHY does the media have so much control over Bitcoin price? - page 2. (Read 3568 times)

newbie
Activity: 56
Merit: 0
because bitcoin is a Ponzi Scheme Bubble back by nothing but rumor / lie / fake hope

that's why media or rumor matter
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
There are two different subjects here.

One is about the power of media, which isn't only over BTC but also over elections and thousands of issues, and the second is about Apple versus BTC.
BTC has survived the silk road crash, and it will survive that sad affair with Apple. Back to the media, it's a sad fact that recent news, like the MtGox failure aren't positive news. I guess we just need more success-stories. It's a bit the ratings on politicians. Some months they're down, then they're up.
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
The media is responsible for the majority of pumps and dumps since the inception of cryptos
legendary
Activity: 3906
Merit: 1373
The exchanges are media. So is Bitcointalk.org. Even the Bitcoin blockchain is media. They all induce us to either trade for Bitcoin, or to trade Bitcoin for other things.

Usually there isn't just one soldier in a war. Usually there are lots of soldiers working together. Lots of times the efforts of a single soldier mean very little. Yet, without all those "single soldiers" nothing would get done.

Do you want bitcoin to flourish? Become the media. Remain the media. Become the soldier. Remain the soldier. USE BITCOIN.

Smiley

hero member
Activity: 926
Merit: 1001
weaving spiders come not here
Could not answer the poll because of limited choices, but my answer is;

Media has so much control over Bitcoin price because people are excitable, fearful, riotous, irrational, uncertain and doubtful. Some may also say stupid.
full member
Activity: 168
Merit: 100
That's why i am Sending the bitcoin flag into space. After the event hits main stream media prices on BTC will soar . https://bitcointalk.org/index.php?topic=441303.new#new

When we launch.You can get live stream video of the launch here http://www.bitcoinsniper.com/bitcoin-federation-of-space/live-stream-bitcoin-mission-to-space/

I have created the first Bitcoin space agency the Bitcoin Federation of SPACE http://www.bitcoinsniper.com/bitcoin-federation-of-space/ or https://bitcointalksearch.org/topic/bitcoin-federation-of-space-452111
legendary
Activity: 1456
Merit: 1000
Why? Because we have a high percentage of 'sheep' in our population.

BTC is trending up....do what I'm doing, fill your boots while you can.

legendary
Activity: 2674
Merit: 2965
Terminated.
Why? Because we have a high percentage of 'sheep' in our population.
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
The media has a large influence on anything speculative where the value is based heavily on public perception (which is shaped by media). For instance if all news outlets said at the same time that it was imperative that everyone buy at least 1 btc immediately, the value would sky rocket.
hero member
Activity: 602
Merit: 500
In math we trust.
media controlls btc price because governments controll bitcoin
legendary
Activity: 896
Merit: 1000
Apple is powerful, but I don't think it was the only thing that caused this price swing; after all, just yesterday the Gox price shrank quickly driving the other exchanges down a little too.

there is the russia news... http://rt.com/business/bitcoin-russia-use-ban-942/
Yeah, that state ban, and I think there was one more story. It was like four negative stories in a matter of less than two days. Those kinds of things will definitely drive down price. Because it's all about perception.
hero member
Activity: 868
Merit: 1000
short answer to the first post

because 99% of people are sheep and at the slightest soundwave to shock them, they want to run. i personally dont eat grass and run at the slightest soundwave to shock me. and those that do panic over such things really need to look at themselves and work out, if they are this sheepish and fearful, is this high risk high reward new form of payment something they should really be investing in? as it seems their nerves can't handle it.

it seems those that live in fear should not be walking in a field of landmines. i personally love walking in fields of landmines. but thats because i know the true signs to look out for and ignore the false ones made to trick you into changing your direction.

and for those that are of a nervous disposition that still feel that bitcoin is for them. DO NOT invest such an amount to affect your nerves.

EG do not put your whole salary each week into bitcoin. but if you usually waste $90 a week on alcohol, fast food (items that end up down your toilet within 6-9 hours after purchasing) then waste that amount, and that amount only on bitcoin.

that way you will believe it to be your "disposable" income and not your living expense, and as such will not panic as much at the slightest bit of news.

Well said.
Some people change their decision very easily after reading an article or forum post...
legendary
Activity: 4410
Merit: 4766
i laugh at media stories. and their over dramatisation of the facts

EG "apple declares war on bitcoin"

........... no apple did not make a statement that they would track and kill any bitcoin users. they simply took it off of their website. this is not war, this is prohibition..
legendary
Activity: 4410
Merit: 4766
short answer to the first post

because 99% of people are sheep and at the slightest soundwave to shock them, they want to run. i personally dont eat grass and run at the slightest soundwave to shock me. and those that do panic over such things really need to look at themselves and work out, if they are this sheepish and fearful, is this high risk high reward new form of payment something they should really be investing in? as it seems their nerves can't handle it.

it seems those that live in fear should not be walking in a field of landmines. i personally love walking in fields of landmines. but thats because i know the true signs to look out for and ignore the false ones made to trick you into changing your direction.

and for those that are of a nervous disposition that still feel that bitcoin is for them. DO NOT invest such an amount to affect your nerves.

EG do not put your whole salary each week into bitcoin. but if you usually waste $90 a week on alcohol, fast food (items that end up down your toilet within 6-9 hours after purchasing) then waste that amount, and that amount only on bitcoin.

that way you will believe it to be your "disposable" income and not your living expense, and as such will not panic as much at the slightest bit of news.
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
Guys here's apples CEO EMAIL [email protected] PLEASE feel free to email and support blockchain:)
Here's my email to the CEO:)
""Hi, I've been a long time supporter of Apple, from the first iPhone Smiley I still have the first iphone lol Smiley  When people didn't believe in the iPhone I thought this people don't see where technology is going. I have always thought Apple was a supporter of future technology, bitcoin is the future and if you don't support the future and block any thing that's to do with Bitcoin your company will cease from being the number ONE innovative tech company in the world Smiley I love Apple but if your company Stops believing in the future (bitcoin) than I guess I will have to give up my iPhone for a Android phone or something:!) Please reconsider your decision concerning blockchain:!) ""
Thank you
Apple

[email protected]

Sent from iPhone

Let us all know if you get a response on that one. I remember back in the day when steve jobs would randomly reply to emails sent from customers.
hero member
Activity: 560
Merit: 500
StayFocus and LIVE
Guys here's apples CEO EMAIL [email protected] PLEASE feel free to email and support blockchain:)
Here's my email to the CEO:)
""Hi, I've been a long time supporter of Apple, from the first iPhone Smiley I still have the first iphone lol Smiley  When people didn't believe in the iPhone I thought this people don't see where technology is going. I have always thought Apple was a supporter of future technology, bitcoin is the future and if you don't support the future and block any thing that's to do with Bitcoin your company will cease from being the number ONE innovative tech company in the world Smiley I love Apple but if your company Stops believing in the future (bitcoin) than I guess I will have to give up my iPhone for a Android phone or something:!) Please reconsider your decision concerning blockchain:!) ""
Thank you
Apple

[email protected]

Sent from iPhone
hero member
Activity: 560
Merit: 500
StayFocus and LIVE
media affects minds, that sell me cheap coins and then buy from me expensive coins.

thank you media, thank you media affected minds.

Yes but if goes back Down to $100 it will affecte Ur pocket and everyone's toooooo:!(
legendary
Activity: 2632
Merit: 1023
media affects minds, that sell me cheap coins and then buy from me expensive coins.

thank you media, thank you media affected minds.
legendary
Activity: 2156
Merit: 1018
Buzz App - Spin wheel, farm rewards
Because, the media is the powerful method of sculpting public opinion.

That's why its power was recognized in American governance as the 4th estate, the fourth branch of government behind the legislative, executive and judiciary,  and given protections as such.

You have to control the discussion, otherwise people get other ideas.

Like how in America there are only 2 political parties that are not much different. If you set up the discussion in framing of only these two parties with no talk to any other of the other 1000s of political positions, then you have effectively removed any other political consideration out of the predominant political discourse for the nation.

Looks at the owners of the media conglomerates in any given country. You'd be hard pressed to find any of them that were not directly involved in governance as well, with enough political interaction to improve their positions and further their greed and power.

 
hero member
Activity: 715
Merit: 500
Apple is powerful, but I don't think it was the only thing that caused this price swing; after all, just yesterday the Gox price shrank quickly driving the other exchanges down a little too.

there is the russia news... http://rt.com/business/bitcoin-russia-use-ban-942/
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