Bitcoin Forum

Seems like the press starts to turn against bitcoin, perhaps out of jealously or just their desire to "see the world burn". All my google news stories include the word "bubble".

Naah, they only care about profit and market share, an article that speak about bubbles and hacks attract moar readers than a normal one  :)

It is not important what they are writing. Once i saw article that was explaining people that buying site views on ebay is not worth the effort. Meantime in comments person who was selling it thanked for this article because his sales increased 10 times. I dont know maybe people have problems with understanding what someone is saying to them. Looks like its not important what they write, as long as they write :)

It's true; people like sensationalism. Find a friend, start talking about how great bitcoin is and how it will solve the world's problems - they'll yawn and be like "... ok. ANYWAYS."

But give them a news article about how thousands of people are being scammed into making 1000+ percent profits and retiring early, and how the ground-breaking alternative to fiat currencies is a "bubble," and how you can "hack bitcoinz" - and they'll be all over it.

bubble sounds like "sensation" the press just love sensation stories
especially when its in theire favor  :)

+1

I don't care what they write about me so long as they spell my name right! P.T. Barnum

I would be much more worried if all  press was pro bitcoin.

There is so much FUD going on right now, much of it based on nothing. Check out this guy's analysis:

https://self-evident.org/?p=993

Gandhi comes to mind.

It feels to me like it's a scramble amongst them to be the ones who were "right" and predicted the popping of the bubble. They like to write the news before it happens, if they can. And since the last time the price rose like this it was a bubble and popped, they blindly assume everything will happen exactly as before. One data point is enough for them!

And now, if the value decreases at any point in the future they can feel vindicated too.

The whole attitude of the press towards anything new is so terribly similar to bullying and other mob behaviours. The hatred of things or people that are different.

These articles are probably exactly what we need right now. If the popular sentiment is that we're in a bubble, we may manage to avoid becoming one.

They love scare mongering and have been making money doing that for years. A lot of them probably have a few coins tucked away.

If this is true, and I don't follow mainstream news very much, all it is to me is further evidence that the big money is taking an active interest and wish to tamp down competition and shake some BTC down out of the small orchard of geek/petty-thief trees.

The financial press in particular a a fully owned subsidiary of the hedge fund types.  How anyone could listen to them after being burnt again and again and again since back to at least the dotcom bubble days when I started watching is beyond me.

You can't blame them for suggesting it's a bubble, many people within the Bitcoin share their view that this is a speculative bubble.

The only thing about Bitcoin that is a bubble is the paper money it's being traded for, too bad people just aren't realising it.

There is an ebb and flow within the media. Once a story comes out, if there is positive attention paid to something, the opposite will be true within days. Same if something negative comes out, a few days later there will be articles about the other side of the story. Ever followed politics?

For every story the media gets two stories out of it this way.

The key to all this is Ebb & Flow.
It all justs Ebbs & Flows.

^^ Well Put Elwar

I've been watching for news about the massive leak of financial data.  Very few mainstream US media outfits have much about it.  It's just not very interesting in the US somehow.  Gee...I wonder why :)

When I pay attention to mainstream media these day it is almost always just to see what media covers what news rather than to actually read the content.

I owe a huge debt of gratitude to GW Bush for stealing the election of 2000.  That really opened my eyes to how the mainstream media works in the US.  My ceasing paying attention to the mainstream media coincides with my success in various other efforts which is almost certainly in part due to chance, but also to freeing my mind from contamination.

given the rise in value, ill take this chance to agree with you on this :)


id agree that there is a much larger chance now then there was two weeks ago(when the price was 50$) that this could be a bubble. but i dont so much care if it is or isnt. rather it will be interesting to see where the price ends up if it is a bubble. I dont expect it to drop below 50$ even if this is a bubble. in either case the value still rose.

I really hope that bad press will slow down bitcoin pricing a little bit.

if they call this a bubble, what will they call 400$ bitcoins???

Bitcoin is not a bubble... bitcoin is a rice krispie square! snap, crackle, POP! :P

Edit: seriously tho, what do you call it when an asset has a justified exponential increase in price?

An adoption curve.

1) I don't think the media cares either way when it comes to bitcoin, they are just reporting the news in this case

2) It's very normal for anyone to say bitcoin is in a bubble, it very well might be.  Typically when things skyrocket in value in a short period of time it results in a bubble.

People can argue all day weither or not BTC is in a bubble and if it's going to have a hard landing or not,  but it's certainly not weird for many people to view BTC as a bubble because it shows pretty much every sign you would need to show for something to be considered a bubble.

That. Bitcoins better stay in firm and knowledgeable hands.

1- Most people have no idea what bitcoin is, how it works or what the fundamental concepts behind it are.

2- That doesn't stop them from writing about it.

3- Rational, well reasoned thought doesn't sell newspapers or get a lot of web views.

screw the presstitutes !

I like this term. It's amazing how many journalists are unable to see the difference between a bubble and an adoption curve. When something has to start at zero but has the potential to be worth millions, there is by definition going to be a phase in which prices increase exponentially. On reddit, Nassim Taleb immediately got it when he stated that much of Bitcoin's current volatility was due to the low dollar value. Why is it so hard for journalists to understand?

sounds kinda jewish to me...

Maybe we should somehow hold them accountable or at least point out their flaws...

https://bitcointalk.org/index.php?topic=168651.0