Bitcoin Forum

Quote
"Bitcoin is still a small market, prone to dislocations, but as the variety of instruments around the currency grows, it's starting to look more like the real thing."

https://www.bloomberg.com/gadfly/articles/2017-02-13/bitcoin-might-just-be-growing-up

A little good publicity is always nice, although I feel like an article like this won't do to much.

whenever bitcoin starts an upward movement and make some noise, most of the media starts posting positive articles about it. and right now that we have been sitting around $1000 price for a while it has been time for these types of news to come out.

I think some news media platforms are now starting to realize that most of their opinions on Bitcoin was based on a lack of knowledge and the

fear of the unknown. People can now see the benefits and the beauty of the technology, because big corporate firms are starting to take the

Blockchain seriously and this optimism is spilling over to Bitcoin.  ;D 

While a part of media publish bad things about bitcoin, we are earning virtual money.

To be honest something like this is a good comment on their part. The more confidence that gets established with a large majority of the media the better, as more investors listen and get involved.

Most of the people who listen to bloomberg make more fiat than we go in bitcoin value over the same period of time, but a lot of that information is worth noting.

Basically all investments are crazy ideas that slowly become trusted ans seen as serious.
Why is shiny metal worth so much? Why are hard and shiny stones worth even more?  Other stones are nearly worthless.

Bitcoin has gone past being a short term fad, or a bubble, so will be seen as an investment opportunity. Maybe not a mature one, but an option anyway.

One should never assume a change just because one article is different. Maybe the author is Bitcoin friendly, but that does not mean that Bloomberg is now supporting Bitcoin.
The fist step to acceptance is taken, since they deal with it. Hopefully they will understand it next and then start spreading the word. They were a time they would just accuse Bitcoin of being a fraud or ponzi or experiment that will fail. It feels like the media is seeing Bitcoin less as a bad drug money thing and more as an investment lately. 

They are always late, less late than goverments but still ;).
Bitcoin doesnt care, it just exist and thriving

Some investor from Wall Street may have paid someone to write that article. Maybe he wants the price to move up again so he can sell at +$1000. If you have not noticed that it has always happened in the past you have not been paying close attention.

Well it looks like media trying to paint bitcoin now as a good investment
option specially for those who are willing to take the risk. And this kind
of articles are good for the bitcoin community because it exposed it
for those investors who don't have an idea what bitcoin is.
For me, negative or positive press is still press so thanks to the author  :)
Also, its one way that it will be mass adopted sooner than we know.

coming around?
i don't really remember bloomberg publishing anything that was against bitcoin or in short negative about it! do you have any particular cases in mind that you said coming around?!

The thing is that media still haven't published as many articles as they have done on Bitcoins till now. They just want some "Breaking News" which happens only on the serge times. There are many financial guys who recognize Bitcoin as a good asset now.  :)

but they have had many articles about bitcoin, specially lately when price started moving up after some time towards the $1000 the first time and they have not stopped it.
you can see many of them this way:
https://www.google.com/search?q=bitcoin+site%3Abloomberg.com

Bitcoin is seen many times a day on Bloomberg TV. You can see its price there every day updated, and the charts. There are even some moderators speaking about it when there is a spike or something similar happening.

Yeah thats right cause Bloomberg has backed bitcoin from the start, a quick google search will give you the answer you seek, if you can be bothered looking for it.  ::)

Good to see these sort of positive news coming out when the price is riding high ,what worries me is the constant FUD news blocking the price movement and China is instrumental in stagnating the price of bitcoin when ever it crosses $1000 and i really do not understand why they are doing it. Either they are organizing these price movement with the kind of news coming out of China to book a substantial amount of profit since they have invested heavily into mining.

May will atract the attention of future BTCitcoin users

Why is it when every I see the name associated with Bloomberg I automatically think of Warren Buffet and his views on anything to do with innovation?
He is anti bitcoin and will never change his views.
Or is Bloomberg associated with Greenspan whom is with the Federal reserve?

yes it just a small publication only and bloomsberg dont want to be missed out..xd

Not much, but enough to start a positive reaction from readers and others not yet involved in cryptocurrency. All positive things/articles counts, whether they have large or minimal effect to pushing bitcoin toward mass adoption.

It looks more like an advertisement for bitfinex on end of the article

They have placed ad of bitfinex in pretty innovative way, are they paid by bitfinex for this.  ;D

They realized that bitcoin is growing, last week news from Bank of China hasn't a big impact on its price, and every day bitcoin is having more interest on investors. Possibly their readers could be interested on the bitcoin EFT.

It takes time. Bitcoin came from out of nowhere, created by an obscure, unknown source. It's human nature to be skeptical and even attack that which you don't know or don't understand and is different. If hypothetically, bitcoin had been created by some well-known mainstream business entity or government, the media would have fawned all over it and touted it as the greatest innovation ever from the beginning of its introduction.

As it is, Bitcoin has had to prove itself on its own merits starting from its beginnings without the media's help, which I think is better.

The latest swings followed a similar pattern. As soon as bitcoin breached $1,000, the Chinese authorities got involved and the price plunged. Last week, once again, that level was pierced, and once more the central bank entered the fray. On Monday, the price was little changed at $1,003. (https://www.bloomberg.com/gadfly/articles/2017-02-13/bitcoin-might-just-be-growing-up)

Answer me this: Why are the Chinese authorities entering into the fray when the exchange rate hits $1,000 USD oppose to say 7,000 CNY?

Currently media is mostly control under big brands which currently not going with bitcoins just because of this we have no coverage like we need but its good sign we are going slowly and studly hope this give us some big breakthrough in near future

If you are a greedy bastard who does not care as long as the price of Bitcoin is going up then yes. Who cares what they write about Bitcoin.

When I first discovered Bitcoin I used to think that it was a very good investment and I recommend people around me to also invest because it will change the world of finance forever. Now that I am learning more and more each day, if someone asks me if they should invest in Bitcoin, I always say be careful because they are putting their money in the hands of the miners, the developers and people who want to fork it away like the big blockers.

Mmmm, OK.  I guess any news in the mainstream financial press is good news.  This is certainly tepid at best, but they're right.  I don't know what kind of 'instruments' they're talking about.  Like the Twinklevoss's ETF and such?

There seemed to be a lot of press back in 2013 when bitcoin exploded, then it cooled off a lot.  There isn't much to say about it when it's not doing anything, so no surprise there.

many of the other news sites, i mean those big news sites that are pulishing economical news, have started to post positively about bitcoin for a while. and it is all about how good bitcoin has been performing for the past couple of years after the mtgox fake pump and the bubble.
and all that good news has been helping bitcoin a lot. you may not see it right away but it has been pretty helpful to the overall adoption.

Yes I agree, bitcoin is still a small market and users especially bitcoin users daily,
but with many media talking about bitcoin will make bitcoin become more popular
and many people who use bitcoin at least for investments.

Yeah, I mean they have to report something positive at some point when the price has been rising for so long. I'm sure if the price crashed they will post twice as many articles and extremely quickly. They know that their viewers love hearing negative things about it. Everyone loves to hear that someone else lost money to make themselves feel better about not investing. Glad to see they're giving the space a little positive press though!

Before the mainstream only seem to notice bitcoin when it's on a roll. That's starting to change though. Now they're reporting it as a viable investment whereas before they seem to paint it as some hype, especially when the price finally crash. Anyway, any good publicity goes a long  way for bitcoin. Who knows, if the upper-class start flocking to it, adoption might trickle down to the rest.