Topic: Why Media is negative about Bitcoin? - page 22. (Read 2128 times)
Now a days Media is not performing it's duty well. They are writing reports without any deep study. Most of the papers are just doing copy and paste of the news from each other to save time and money. Also the media is keep interested in sharing those negative news which will give them huge TRP and promotions.
Media works with government and banks to bring negative news about Bitcoin.
Mainstream media has always had shtick against the decentralized cryptocurrency bitcoin. In the early days, you could find article after article detailing the digital assets imminent death. However, when reading these opinionated editorials, you can see quite a bit of confirmation bias, lack of research, and overall stupidity.
Just recently two mainstream publications the Financial Times (FT) and Time Magazine have published two negative articles covering the recent bitcoin price rise.
“As a phenomenon bitcoin has all the attributes of a pyramid scheme, requiring a constant influx of converts to push up the price, based on the promise of its use by future converts,” explains the FT article. “So the ultimate value for bitcoin will be the same as all pyramid schemes: zero.”
It seems the author has a great misunderstanding towards the bitcoin protocol and community. The truth is bitcoin has been called a Ponzi by many mainstream media publications and has been debunked each and every time. Even the World Bank Group has refuted this claim by saying, “contrary to a widely-held opinion, Bitcoin is not a deliberate Ponzi. And there is little to learn by treating it as such.”
Just recently two mainstream publications the Financial Times (FT) and Time Magazine have published two negative articles covering the recent bitcoin price rise.
“As a phenomenon bitcoin has all the attributes of a pyramid scheme, requiring a constant influx of converts to push up the price, based on the promise of its use by future converts,” explains the FT article. “So the ultimate value for bitcoin will be the same as all pyramid schemes: zero.”
It seems the author has a great misunderstanding towards the bitcoin protocol and community. The truth is bitcoin has been called a Ponzi by many mainstream media publications and has been debunked each and every time. Even the World Bank Group has refuted this claim by saying, “contrary to a widely-held opinion, Bitcoin is not a deliberate Ponzi. And there is little to learn by treating it as such.”
Media is in control by the upper class so that's why the media are spreading negative news about bitcoin.
it is sometimes very hard to admit that bitcoin suffers from serious negative perception issues from the media: that in the minds of many people bitcoin is still automatically linked to thoughts of drugs, terrorist financing and money laundering.
Needless to say, this has massive implications for all potential stakeholders: It slows down consumer adoption, it has regulators set the bar unreasonably high for bitcoin companies to operate and many banks still refuse to provide bitcoin companies with simple operating accounts.
All of this results in the stifling of innovation, the creation of an unfair competitive environment, and ultimately, a negative connotation for the consumer who is meant to reap the benefits of this new and useful technology.
therefore, if the media thinks they are giving bitcoin negative vibes, they are only succeeding in making it more popular.
Needless to say, this has massive implications for all potential stakeholders: It slows down consumer adoption, it has regulators set the bar unreasonably high for bitcoin companies to operate and many banks still refuse to provide bitcoin companies with simple operating accounts.
All of this results in the stifling of innovation, the creation of an unfair competitive environment, and ultimately, a negative connotation for the consumer who is meant to reap the benefits of this new and useful technology.
therefore, if the media thinks they are giving bitcoin negative vibes, they are only succeeding in making it more popular.
The theft of bitcoin has happened several times, and if it is publicized by the media, it makes people less believe in bitcoin.
Well are you referring to media of a certain country or media in general? I think there'se no evidence to show that media has always maintained a negative view about Bitcoins or to that matter on cryptocurrencies. Their view basically swings between negative and positive depending on the news that they receive about Bitcoin and other cryptos. During the Mt.Gox event and the recent Bitconnect event we saw that. So I think it all depends on how the market reacts to Bitcoins.
Because most media always like to spread FUD.
The FUD can cause panic in the whole market, but most of the time it doesn't make any sense.
The FUD can cause panic in the whole market, but most of the time it doesn't make any sense.
a lot of media are attacking the price of cryptocurrencies like bitcoin because I see bitcoins have haters trying to make the bitcoin price collapse by providing some fake information that makes many people panic.
The media may not know any merit about bitcoin and they make negative news about bitcoin or it could be in the control of the upper class who do not want bitcoin enter the country.
its not the media that is negative as they need to disseminate any news coming from the government bitcoin.. ..
Most people do not understand how bitcoin works, including the media. If you come to accept the benefits of bitcoin and how it is able to liberate people financially, you will begin to appreciate this invention. It is usual to see people oppose bitcoin; I bet paper money mist have faced similar problems on the verge of it's invention. People find it easy to embrace groundbreaking inventions especially when they feel uncomfortable to adjust. With time people will come to terms with bitcoin.
Indeed truly a lot of time or most of them really doesnt understand how bitcoin works. They were just basing reports on what people says but of course they will not go deeply to understand its process because they arent experts.
Yet we still have to accept the fact that bitcoin is really being used on the blackmarket and which is more secure for the criminals because they are untraceable
as long as bitcoin is not a major currency, it will certainly require a company or exchange site to exchange it. Therefore, if bitcoin remains in contact with the exchange, the transaction may be traced. so if any transactions are considered suspicious, the bank in a country will make the initial action to check the sources of funds.
Its not only for media. Every person and institution resist change. And bitcoin is the change of future. Bitcoin is change people's mind set regarding their money
Why Media is negative about Bitcoin?
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.
Do you see that, dont you?
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.
Do you see that, dont you?
Media does not cover all of the information about bitcoin. The sad reality here is when the media took only the negative sides of bitcoin that will make it fall suddenly. We are not sure that all of the people who can see these kinds of information will take it as media is not good on giving information. Probably people will see it in negative side and will not support bitcoin.
Why Media is negative about Bitcoin?
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.
Do you see that, dont you?
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.
Do you see that, dont you?
Not all media are sharing negative news about Bitcoin because there are lot of media that are saying good news too in favor of Bitcoin.Therefore i suggest that before we believe in the news releases we should check if the media is reliable and trustworthy because for me those media that are not reliable are the source of the fake news.
Because the media is controlled by the state, this country does not welcome bitcoin, and the media will definitely report the negative news of bitcoin. They won't report the benefits of bitcoin at all.
Well all of us know that media was also influenced by the government, so we can say that both of these institute is working together to allow people to have negative thinking towards the nature of Bitcoin. All you can get from media about bitcoin was always negative information, saying it was a scam, illegal to use etc., but even once we do not hear a bit of goodness of bitcoin system from them, lucky now that these days almost of the people in the world was informed about the legacy of bitcoin through internet.
Why Media is negative about Bitcoin?
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.
Do you see that, dont you?
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.
Do you see that, dont you?
I always see that the media say bitcoin is bad. Always give bad news. I do not understand why the media say is so bad. In modern times, modern creation is bitcoin. So I love bitcoin all the time. I think bitcoin does not give the tax, no bank is needed. Bitcoin is like himself. So many governments are forbidding this. Maybe it is bad for the media.
because media is controled by the goverment or highest company who wants bitcoin lost . and media they are not publish the good side . they always want to know more about the bad side .
A lot of people see Bitcoin as a means of big scam while some see it as fake way of misleading people with force information that's why so countries go against cryptocurrency because once you lose anything to cryptocurrency it cannot be traced. And most of this media don't know about bitcoin so they don't believe it's real.
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