Why Media is negative about Bitcoin? - page 39.

laracastvue

member

Activity: 336

Merit: 10

Quote from: coindrops on February 08, 2018, 12:19:39 AM

Whenever a government announces to regulate bitcoin or cryptocurrency or whenever BTC price is in downfall, most of the media start to warn everyone not purchase or invest in Bitcoins.
https://www.bitex.in/a-class-of-indian-media-unnecessarily-damaging-bitcoin-reputation/

What is the reason for doing this? Do they intentionally do this so that even they can invest in Bitcoin and make some profit?

Medias are not really against cryptocurrency but there are companies behind those black propaganda's who are creating bad news in order to reduce the investors of bitcoins. Most of them are banks because it is affecting their business since cryptocurrency is more profitable more than placing your money on banks and setting it on time deposit.

MMS2017

full member

Activity: 546

Merit: 100

It is not only the media about bitcoin but there are so other people who are against the bitcoin like in the past month the big whales of bitcoin have said that the bitcoin is dead and they are not more existed the bitcoin users have lost hope and they did sell their bitcoin due to which the bitcoin supply high and the price of bitcoin fall due to this news they have noticed a good time for the buying and they buy bitcoin for a price less than the normal.

aoki231

newbie

Activity: 32

Merit: 0

It’s because they dont undertsand bitcoin very well. If only they knew that its pretty much normal for bitcoins to fluctuate.

removebeforeflight

sr. member

Activity: 696

Merit: 258

Media is like an advertising agency for government, banks and who ever pays for it, there is no true in their advertisement as news spread to people. They don't know what is Bitcoin or any matter but will say as per what the paid person request to say to the mass. Some people are getting panic due to their advertisement news and most people who have knowledge on Bitcoin would ignore such media news.

Jaya912

full member

Activity: 280

Merit: 101

Quote from: MisterPrada on February 08, 2018, 01:10:45 AM

You must understand that the majority of the media is controlled by the same powers that control the western central banking system. Bitcoin being a finite, decentralized, transparent system is inherently against the current centralized private banking regime. As such, there are countless articles that cast negativity on Bitcoin, but fail to make any strong arguments. These articles are propaganda at best. It is crucial to read critically during these times.

Yes the article is countless and its strong enough sometime to build panic.
The panic goes to higher then many user sell their asset. This is the effect of the news of the media.

Barbut

hero member

Activity: 1694

Merit: 502

★Bitvest.io★ Play Plinko or Invest!

I think they are just using situation, we all know that bad news are more interesting then good news, and bad news travel faster. Sensational titles attract people, mostly like on this forum, you see one headline, but topic has nothing or very little with that headline. You first think let's see this, who knows what is there let's check it, and in most case's there is nothing smart inside. That is why I don't read newspaper anymore, most of them are like tabloids. Old holders were talking about it years ago when I was newbie here, buy bitcoin, don't read any news, don't trust anyone who talks good or bad about bitcoins, just hold and watch your business, don't care about others and their endless spam.

dupee419

sr. member

Activity: 1344

Merit: 261

Media has been very biased about bitcoin, they have showed the negative side instead of showing how bitcoin could be a good benefit for netizens, the media has narrowed us about bitcoin, this is one of the many reasons people are avoiding bitcoin, their first impression about bitcoin is "scam", and I'm not gonna lie but there are lots of scammers inside the web, but as cybersecurity keeps on getting better I think there is no need to fear about investing, trading, or mining on digital coins, cryptocurrency will definitely be the future, but as of now, let's keep moving forward.

Noilee

full member

Activity: 532

Merit: 101

I think the main reason is they want people to discourage to invest in bitcoin, because they paid by the banks or the government officials. The government is the one who command and tell to the media to spread the negative news. Those people are believe only without knowledge about btc, and when they heard news they think twice to invest and this this is why btc price is falling because of afraid when heard information. But i think not all media against about bitcoin.. We don't know if what they are intention really is, but others is paid by the banks also so that they news a negative. Not all people believe in negative that what media news, especially to those already who are invested.

markdario112616

full member

Activity: 816

Merit: 133

Well, basically these media is fed and paid by people who are trying to manipulate the system by mentally and/or emotionally attacking the users. The tendency of media's spreading negativity about the industry contributes to emotional and mental breakdown to its audience in result users are starting to panic and sell their coins. It's quite a strategy put up by powerful people to gain more profit on their behalf without thinking about others.

Andreea B O

member

Activity: 172

Merit: 10

The bad news sells better! Some journalists do not know and do not understand bitcoin. Others are tied to governments or institutions such as banks that have losses caused by bitcoin. Some just take some news and give it away.

michaelch

sr. member

Activity: 283

Merit: 250

Quote from: coindrops on February 08, 2018, 12:19:39 AM

Whenever a government announces to regulate bitcoin or cryptocurrency or whenever BTC price is in downfall, most of the media start to warn everyone not purchase or invest in Bitcoins.
https://www.bitex.in/a-class-of-indian-media-unnecessarily-damaging-bitcoin-reputation/

What is the reason for doing this? Do they intentionally do this so that even they can invest in Bitcoin and make some profit?

The problem is the anonymity leads to non-legal activities being used in bitcoin. Which is why governments are keen to regulate the industry. There have been hacks and scams that have affected many people as well. Don't necessarily agree with them, though.

Pain Packer

full member

Activity: 322

Merit: 101

I think media don't think about the topic that they report as long as it gives them views and people talks about it. They also based their opinions on the ones they interviewed. For example, if they interviewed a bank manager and it says that bitcoin is a scam, they will said on tv that it is also scam and the rest is history. I haven't watch a news program that interviewed a bitcoin investor/miner. Also, people who don't know anything much about bitcoin is afraid what bitcoin can do.

lucario21

jr. member

Activity: 146

Merit: 7

That's how media industry works by creating an over-hype or exaggerated impression to something that trends in positive or negative way. They always said that their stories were based on the facts and consulted an expert until the simple story become a headline.

Alexis77600

member

Activity: 98

Merit: 10

Innovation Powered by Crypto

but the worst thing is that their method works how many times i've heard say btc drop it's the end of the bubble or had to sell in general I laugh them in the nose they don't know the whole extent and the potential of crypto.

DoublerHunter

hero member

Activity: 2590

Merit: 644

They are getting paid and because of the manipulators and the whales who are manipulating the market they are paying the media especially the websites in the internet to say some negative thing about bitcoin and in the other side, the media in the television is saying negative because the government didn't want to give bitcoin a good exposure because it will surely have a revolution.

deathguardian20

jr. member

Activity: 35

Merit: 4

MORPHEUS LABS

Yes, media is always exaggerating the risk and always saying negative things about bitcoins. Most of the time, reporters doesn't really know what bitcoin is and how it works. Sometimes, they even give false informations just to gain attention. These things prevents us from going further because those statements are engraved on the peoples mind which makes them afraid on getting involved with cryptocurrencies.

imoet

member

Activity: 322

Merit: 10

homt.net

Quote from: coindrops on February 08, 2018, 12:19:39 AM

Whenever a government announces to regulate bitcoin or cryptocurrency or whenever BTC price is in downfall, most of the media start to warn everyone not purchase or invest in Bitcoins.
https://www.bitex.in/a-class-of-indian-media-unnecessarily-damaging-bitcoin-reputation/

What is the reason for doing this? Do they intentionally do this so that even they can invest in Bitcoin and make some profit?

That is realistic dude. Media will start make a news that attract people's attention the most. Media only care about earning their income too. If bitcoin bring a great news and this is affecting so many people, they will make the news about it too. It depend's on the situation too.

kotajikikox

full member

Activity: 2548

Merit: 217

Quote from: coindrops on February 08, 2018, 12:19:39 AM

Whenever a government announces to regulate bitcoin or cryptocurrency or whenever BTC price is in downfall, most of the media start to warn everyone not purchase or invest in Bitcoins.
https://www.bitex.in/a-class-of-indian-media-unnecessarily-damaging-bitcoin-reputation/

What is the reason for doing this? Do they intentionally do this so that even they can invest in Bitcoin and make some profit?

Because media they want to get an attention of people to become interested of their news
So neeed to spreads in the public the bad side effects of cryptocurrency as digital currency but in the end have good feedback for bitcoin become famous and people start researching what is bitcoin as currency.

YKTSSR*

newbie

Activity: 41

Merit: 0

The media and the government like the false news to manipulate the courts but remain vigilant Grin

Pinoyfan

member

Activity: 308

Merit: 10

Quote from: coindrops on February 08, 2018, 12:19:39 AM

Whenever a government announces to regulate bitcoin or cryptocurrency or whenever BTC price is in downfall, most of the media start to warn everyone not purchase or invest in Bitcoins.
https://www.bitex.in/a-class-of-indian-media-unnecessarily-damaging-bitcoin-reputation/

What is the reason for doing this? Do they intentionally do this so that even they can invest in Bitcoin and make some profit?

Media is getting negative about bitcoin because they themeselves doesnt know or cannot explain how a simple person can be rich in a bit. Well that was just a first empression and thats natural if they are lack of knowledge about bitcoin.Its just a matter of time for them to understand because we cannot forces someone to believe.

Topic: Why Media is negative about Bitcoin? - page 39. (Read 3162 times)