Topic: Will the collapse of the media mean the collapse of cryptocurrency? (Read 366 times)
Unless all miners and the Internet stop working, there is no way that cryptocurrency can collapse. With huge market capitalization right now and never before DeFis applications such as AMMs, lending and borrowing , liquidity mining, yield farming, flash loans and some other application that would be impossible to implement in a centralized finance, it is unlike that crypto will be vanquished.
May 27, 2021, 03:24:50 PM
Think of this, these days cryptocurrency price movement (btc & other altcoins) is highly affected and dependent on the media. People now follow up closely with information around the world to know when to buy and dump a coin, as a result a simple occurrence because of the media might just cause a cryptocurrency value to go up or to come down.
Do you think the collapse of the media (Say a media blackout) can trigger the collapse of the value of cryptocurrencies?
Do you think the collapse of the media (Say a media blackout) can trigger the collapse of the value of cryptocurrencies?
I don't think the media shutdown will have a significant impact on the price of BTC and other cryptocurrencies. However, you are right that the media has an impact on crypto and very often it is through the media that the crypto market is manipulated. However, what exactly do we understand from the media? If we take all information platforms of all kinds, then I do not think that I will learn to turn off all of them at the same time, since it is irrational, if only you turn off the Internet or turn off all the power.
May 27, 2021, 02:04:58 PM
There is a lot of media coverage of the cryptocurrency market and the collapse of one media does not have too much impact on the market.
I think the market is still operating normally even if the media crashes.
Definitely right, if that time will come, I don't think so that it can crash or shall we say collapse the cryptocurrency. Media is somewhat an add on or helping hand to make crypto more known and attractive to many people. It is also one way that people can learn some knowledge about it.I think the market is still operating normally even if the media crashes.
But the crypto market is still alive and well, so the collapse of a media or a government does not mean that the crypto market will follow.
May 27, 2021, 02:00:30 PM
The aspect of drastic change is indeed from the media, it spreads too quickly in any media, especially about the doge news which is currently being discussed a lot because people are famous and behind so many people following the information, from my opinion it is very influential aboutcrypto on social media..not only information when the price is highest..
May 27, 2021, 01:22:36 PM
Think of this, these days cryptocurrency price movement (btc & other altcoins) is highly affected and dependent on the media. People now follow up closely with information around the world to know when to buy and dump a coin, as a result a simple occurrence because of the media might just cause a cryptocurrency value to go up or to come down.
Do you think the collapse of the media (Say a media blackout) can trigger the collapse of the value of cryptocurrencies?
I believe there is a good chance that we could potentially survive looong after the traditional media is gone. This is why I think crypto will not be impacted because let's face it we are in social media age now and the collapse of the regular media or a media blackout doesn't phase us because those can be gone and we will still talk with each other via social media and it will be fine.Do you think the collapse of the media (Say a media blackout) can trigger the collapse of the value of cryptocurrencies?
I understand some people care about reading it on newspapers or watching it on TV but those are old peoples stuff nowadays, youtubers twitter influences tiktokers reddit and many other stuff like that ends up being more important than all those tv channels. This is why I agree that social media is another level and we are not going to get social media blackout, that is not possible, even if governments ban social media we still somehow can reach it via VPN without issue.
May 27, 2021, 12:55:13 PM
There is a lot of media coverage of the cryptocurrency market and the collapse of one media does not have too much impact on the market.
The opposite thing will happen. If the media will collapse and there will be no parties that can manipulate the cryptocurrency use the media. We can remember it back a few years ago and we rarely got covered by media and crypto can still exist. Crypto was a technology and this will remain forever.
I think that media will always give a very big impact to the market for sure.
However, if a certain media collapses, the crypto market will not be affected too much.
May 27, 2021, 11:45:47 AM
I remember my stance here was somewhat apologetic, in a sense that I tend to belittle what mainstream media can do to Cryptocurrency and Bitcoin. Many here are on the yes side, meaning that mainstream media will be able to destroy crypto. I remember that I defended Bitcoin and Crypto since the media and even governments tried to belittle crypto and miserably failed. This experiment with Cryptocurrency is already 12 years old and still not a single coin got destroyed by Mainstream media. So even if the "yes" men are plentiful. There would still be apologists like me ready to say "no, media alone cannot destroy cryptocurrency". Concerning the collapse of Media. I think I stated this clear, there are many types of media. Thousands of media outlets around the world. And you expect me to believe that all of them will collapse on all 200 plus countries on this planet?
May 27, 2021, 11:10:05 AM
Since people have seen the influence of media into crypto market movements, that's when they start buying or selling by basing on news. But if we start tracing back when crypto has just started, there is no big connection between crypto and media and investors only used their personal anlysis when to invest in crypto. It's just only today where big personalities have been affecting much the rise and fall of crypto price.
A lot of media have been collapsed already in the past but crypto never come to an end or even in a force shut down. Crypto will definitely live for another decade and its foundation will be even become stronger.
Mainstream and other media are different things though, we need to make sure of that. There has been bad news about bitcoin at all times on mainstream media, when you open up your TV and watch you will see that it is always going down according to them or will go down according to them and that is why I do not think that it is going to be that good.A lot of media have been collapsed already in the past but crypto never come to an end or even in a force shut down. Crypto will definitely live for another decade and its foundation will be even become stronger.
However one thing is for sure if we are talking about social media that is another topic and that could impact bitcoin very badly. Hell even news websites of crypto world like cointelegraph or similar places do end up with bad news that impacts the bitcoin world more than the TV news people because they at least know what they are talking about. So if we can separate what we mean by "media" then we can know what is exactly the real reason why bitcoin can go down, some media can impact it while the others won't.
May 23, 2021, 10:55:59 AM
The media has a huge influence on the cryptocurrency market because many people invest based on the news.
If one day there is bad news about the market, the price will definitely fall
Since people have seen the influence of media into crypto market movements, that's when they start buying or selling by basing on news. But if we start tracing back when crypto has just started, there is no big connection between crypto and media and investors only used their personal anlysis when to invest in crypto. It's just only today where big personalities have been affecting much the rise and fall of crypto price.If one day there is bad news about the market, the price will definitely fall
I agree. I see it the same way. The influence of media on crypto or bitcoin price was much higher in the past. It has also decreased with the number of professional traders that have come into the market.
May 23, 2021, 01:30:31 AM
There is a lot of media coverage of the cryptocurrency market and the collapse of one media does not have too much impact on the market.
I think the market is still operating normally even if the media crashes.
Definitely right, if that time will come, I don't think so that it can crash or shall we say collapse the cryptocurrency. Media is somewhat an add on or helping hand to make crypto more known and attractive to many people. It is also one way that people can learn some knowledge about it. I think the market is still operating normally even if the media crashes.
May 22, 2021, 07:31:42 PM
The media has a huge influence on the cryptocurrency market because many people invest based on the news.
If one day there is bad news about the market, the price will definitely fall
Since people have seen the influence of media into crypto market movements, that's when they start buying or selling by basing on news. But if we start tracing back when crypto has just started, there is no big connection between crypto and media and investors only used their personal anlysis when to invest in crypto. It's just only today where big personalities have been affecting much the rise and fall of crypto price.If one day there is bad news about the market, the price will definitely fall
A lot of media have been collapsed already in the past but crypto never come to an end or even in a force shut down. Crypto will definitely live for another decade and its foundation will be even become stronger.
May 22, 2021, 07:08:18 PM
There is a lot of media coverage of the cryptocurrency market and the collapse of one media does not have too much impact on the market.
The opposite thing will happen. If the media will collapse and there will be no parties that can manipulate the cryptocurrency use the media. We can remember it back a few years ago and we rarely got covered by media and crypto can still exist. Crypto was a technology and this will remain forever.
I think that media will always give a very big impact to the market for sure.
May 22, 2021, 06:29:29 PM
There is a lot of media coverage of the cryptocurrency market and the collapse of one media does not have too much impact on the market.
I think the market is still operating normally even if the media crashes.
I think the market is still operating normally even if the media crashes.
May 22, 2021, 04:32:31 PM
The means of social communication are necessary because it is the spokesperson for everyone because we are a society.
It is obvious that we are concerned about the powerful influence it has among us that affects all markets, especially that of cryptocurrencies, which is volatile.
We have two problems that we should not ignore is to show that the use of energy consumption by bitcoin and cryptocurrencies is not as harmful as the use of other industries and that we have the mission of contributing to the use of cleaner energy.
Every time the Chinese government announces the reduction of bitcoin mining and trading in the nation, it creates a nervousness that causes the market to crash.
There is great optimism that the price of bitcoin and cryptocurrencies will recover as good news begins to appear and thus stimulate market supply and demand.
It is obvious that we are concerned about the powerful influence it has among us that affects all markets, especially that of cryptocurrencies, which is volatile.
We have two problems that we should not ignore is to show that the use of energy consumption by bitcoin and cryptocurrencies is not as harmful as the use of other industries and that we have the mission of contributing to the use of cleaner energy.
Every time the Chinese government announces the reduction of bitcoin mining and trading in the nation, it creates a nervousness that causes the market to crash.
There is great optimism that the price of bitcoin and cryptocurrencies will recover as good news begins to appear and thus stimulate market supply and demand.
Quote
Former U.S. Treasury Secretary Lawrence H. Summers compared crypto to gold as a safe haven asset.
“Crypto is here to stay, and probably here to stay as a kind of digital gold,” Summers said in an interview with David Westin on ”Bloomberg Wall Street Week.” “There’s a good prospect that crypto will be part of the system for quite a while to come.”
https://finance.yahoo.com/news/crypto-limps-weekend-hammer-blows-055114490.html
“Crypto is here to stay, and probably here to stay as a kind of digital gold,” Summers said in an interview with David Westin on ”Bloomberg Wall Street Week.” “There’s a good prospect that crypto will be part of the system for quite a while to come.”
https://finance.yahoo.com/news/crypto-limps-weekend-hammer-blows-055114490.html
May 22, 2021, 04:05:18 PM
I don't understand your question.
If the media covers the crypto market it can make the price go up or down, but if a certain media crashes it has no effect on the market.
If the media covers the crypto market it can make the price go up or down, but if a certain media crashes it has no effect on the market.
May 22, 2021, 03:14:07 PM
I agree that the media never played an important role. Maybe only when an expert or guru threw out some estimations about future prices but even then i wasn't of too much interest to anyone. The media today is even more irrelevant because most people consume their daily content in Youtube.
Yes, consuming too much daily content on YouTube is also not good because almost all the content on YouTube is the result of editing from the owner of the YouTube account itself, because their goal is to find a lot of viewers so that editing the content is as interesting as possible which is what it will be removes the authenticity of content in general.I wouldn't say there is a too much or too less. Media consumption is also a question of experience. Over time you will find out which sources are reliable and valuable for your personal judgment. I can say that there are a few very informative youtube channels where the goal isn't any hidden agenda but really focuses on highly quality information and education.
May 16, 2021, 06:52:41 PM
I don't think so, mass media is only news for an event or situation. Keep in mind that cryptocurrency is a technology that is carried through the blockchain, of course to turn it off through even more advanced technology. The media is usually only a consideration for some people to make decisions. So it is not absolute that the media will kill the cryptocurrency world. No need to worry about the media cornering the crypto world, because on the other hand there will be media that are pro with the crypto world.
Its obvious to say that media these days are affecting the value of cryptocurrency just like news from big celebrities either positive or negative give an impact to crypto. But it doesn't mean that the existence of crypto is fully dependent on the media.Crypto has definitely its own role to its users and investors just like media which also give service to the people. But the collapse of media won't bring end to crypto. And same goes to media too which i think is too far to be dead.
May 16, 2021, 03:19:32 PM
Well, you are certainly new and you probably don't understand why prices go up or down. The media today has some role, but it's not the most important and never has been. When a certain group of people wants a project, that group will have independent of what the media produces and talks about that project. If the media collapses the crypto world, it'll survive smoothly. For most people who are in crypto like anonymity and not exposure.
I agree that the media never played an important role. Maybe only when an expert or guru threw out some estimations about future prices but even then i wasn't of too much interest to anyone. The media today is even more irrelevant because most people consume their daily content in Youtube.
May 16, 2021, 11:48:54 AM
Well, you are certainly new and you probably don't understand why prices go up or down. The media today has some role, but it's not the most important and never has been. When a certain group of people wants a project, that group will have independent of what the media produces and talks about that project. If the media collapses the crypto world, it'll survive smoothly. For most people who are in crypto like anonymity and not exposure.
May 16, 2021, 11:41:30 AM
I don't think so, mass media is only news for an event or situation. Keep in mind that cryptocurrency is a technology that is carried through the blockchain, of course to turn it off through even more advanced technology. The media is usually only a consideration for some people to make decisions. So it is not absolute that the media will kill the cryptocurrency world. No need to worry about the media cornering the crypto world, because on the other hand there will be media that are pro with the crypto world.
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