Bitcoin Forum

I just thought about a little theory. When I usualy tell friends or people in generall about cryptocurrencies and that they need to inform themselves about the subject the feedback is 90% positive. People realize that cryptocurrencies is the next "big thing".

So back to my theorie. In recent days there were a lot of discussions about Jamie Dimon CEO of JP Morgan spreding FUD. So if he actually gets people aware of crypto even by bad puplicity won't it be positive for the market despite causing a price drop by panic sellers.

So do you think even bad news about crypto in the wider media will drive the market up in the long run becuase it makes people aware?

Me it is the reverse ahah, 90% of the people to whom I speak about it is not !
Either they earn too much for their lives or I do not know how to convince them ... In any case, the system takes more and more importance in the traditional press, it will surely bring back people

haha okey that odd ;D maybe it's because I mostly tell younger people who are also often involved in engineering jobs or studies.

doesn't take much to get a programmer-peer to get into Bitcoin.  Just tell him/her your personal experience.  That usually gets it done.

as far as the op's theory: yes the more news of any kind the more people will adopt bitcoin

some of this is because a non-trivial amount of people hold a fair amount of gold.

and gold stinks compared to bitcoin.  portability, security,  etc

Obviously yes any type of news can drive people's attention towards bitcoin and actually bitcoin is quite hard for some non-techy guy to understand which make people to have deep research on bitcoin before using it.

All form of media coverage is good for bitcoin but most of the media outlets are known for spreading only bad news about crypto or bitcoin.

Haha same is the case with me here. Most of them just end up saying that online is a scam and its not backed by anything. But yes surely these comments provide publicity to cryptos but might make their mindset negative about it.

While I agree there is a certain amount to be said for bad coverage being better than no coverage, I think it is important not to be complacent either. Many people have a very short attention span and if their first encounter with crypto-currencies is a "Respectable" WBanker telling them that it is a fraud, many of them may have a hard time processing any subsequent positive message.

Ask around you if they heard recently about this reptilian telling Bitcoin is shit. And people from the Bitcoin community are now used to read this kind of thing

Bad publicity is still free advertising and good to take

Additionally, I may be showing my age here - but back in the early 90's I remember trying to rally some enthusiasm locally with a business gathering around internet adoption - many dismissed (and some actively resisted adopting) the internet at that time because some big wig (who's identity I dont recall) put out a message that the internet had no practical use and was a fad

I think this is a good question. Since the bitcoin market is not large, large media can easily manipulate it.

And at the moment BitKoin is only protected by the fact that it is not very popular among different groups of people.

I still find many people think bitcoin is only used by criminals and drug dealers on the internet. It is such a pity, because if they only know the benefits that it has I am sure they would not ignore it so much.

It could usually go down at first, then big sharks came in and buy bitcoin at the low prices, then the price will go up again, awareness is a hard reference when some big time FUD news like mafias butt in, It was the time also that updates and forks has been implemented that makes the Fud news even more attractive to panicking sellers.

People thinks that bitcoin will really crash specially to those that are not really aware of the cryptocurrencies specially newbies. From the day I first encounter crypto, I was eagerly want to trade because it was really fast to invest, no papers needed, but not knowing the world on how to deal with the trading, I have already invest a portion of my asset.

As far as I know, since it was not regulated and people can trade with bitcoin freely, many people will lose money. The future of bitcoin will be bleak because of this kind of awareness that people will be needing that not being shared specially by the medias, BIG medias.

In the long run, yes a bad publicity like the one we experienced from that man named Jamie Dimon can actually help in raising awareness for cryptocurrency in general. However, there is that short-term bad effect because there are some who look up to the man as he is a CEO of a big firm known worldwide. Anyway, he is eventually exposed as just a shameless brat because his firm is actually working with clients who are into Bitcoin.

They say, even bad Press is Good Press.... so I guess in theory you might be correct. The problem is, the attack on Bitcoin

via the media is constant. If people open the news paper or their favourite news sites and they only hear bad things, it will

not paint a pretty picture in their mind. This is why you commonly hear people saying something negative, when they get

confronted with the subject.  >:( .....We counter this, by educating these people in the facts.  ;)

A lot of people have very negative opinion about big banks and his ceo's.Big banks coused financial crisis,big banks have been found guilty of money laundering etc
Madame Legarde IMF director gave positive feedback about cryptocurrencys.It was her answer to our lovely Dimon.Sheis caling for change in current banking and financial system.People from banking industry are calling her communist.Big banks want to keep everything like it is any change,competition is danger for them
So all that is expression of his fear

It always happen I must say there are hundreds of stories about all charming entities that happened in history. There are eventually notorious bugs and rumors created so that the fame of that particular entity can be spoiled enough. So, same happened with bitcoin as you said that guy Jamie did. Still, we are happy that was exposed as well and now things are okay.

Of course, even negative attention is attention.
If the news turns out to be false and the opposite happens, people that read the negative news will interpret it as positive on the end.

Bitcoin or crypto market is still relatively small. So when prominent individuals representing big institutions/organizations say something negative about Bitcoin they are actually making more people aware of the existence of Bitcoin. Yeah in short-term negative news/FUD is bad, but in the long-term it doesn't matter.

As a matter of fact, I guess FUD does strengthen the market, it gets immune and then at some point individual statements wouldn't have any impact on the market.

Maybe. But there's still people who are easily panic. And i think that's normal and even on forex this happens. Cryptocurrency market has a very volatile ecosystem and small. So it can be easily collapse. So if people see a bad news. Panic sell happens causing a huge drop of price. If the cryptocurrency market is as big as foreign exchange (forex). Crypto market will be a strong market and it cannot be easily moved or collapse. But it's not forex. So you have to accept it. It is what it is. Some people are aware of that but not all specially those newbies who can't control their emotions.

i think that the bad publicity can work also in a good way. i think it would make people aware that bitcoin exists and that in turn would make people investigate it and maybe some of those people would see the good side of it then. i know there is a lot of maybe's there  ;D

Quite surprising that most of the people you told were positive on bitcoins, even if say they are engineeres or job people yet that's a high percentage. I don't think we all would have such a high number lol. No you're wrong about thinking that bad news does publicity of Bitcoins, it doesn't do that, it creates negative Vibes and mindset. People don't like to hear negative things about their investments, so only positive news are required.

The quote that is most often attributed to P.T. Barnum "I don't care what they say about me, just make sure they spell my name right". Bad publicity is also publicity. 99.999% of non technical users don't understand Bitcoin at all. Most of them are correlating it to some kind of criminal activities as they can read news about the ransoms beeing asked in btc. So they know about it but don't really know what is it. But they heard about it. Once they will be able to actually use it, they will probably change their opinion.

Yes, because as we compare then and now, the price of bitcoin goes up drastically and one of the reason is that many people get involved in bitcoin community which results to higher demand. Although there are times that its price goes down unexpectedly like when the issue about china banning ICOs released, we can still expect a rise in its price because of this involvement of more people in the community.

I have experienced the same, when trying to explain most people don't seem to be impressed and some seem quite negative.
Maybe we need to start explaining to people who really need money  ;D.

90% is a great number but how much people are involved as a whole? In my case I take 70% of about 50 people think bitcoin isn't a big thing and just a normal currency or didn't even have encountered the word bitcoin.


Somehow yes. Whether good or bad, a publicity is publicity. Because of such negative claims by those big people around a big company, bitcoin was given a free advertisement and traffic over the internet or even in a television.


You already seen the result, at least. Those 90% of your people became aware of what bitcoin really is. Even with a negative introduction, if people really like to know more about this "thing" then definitely they will do their own research.

for me the news is a thing while I mean if someone hears bad news bitcoin or crypto automatically they start to panic and this is where the speculators are not trained to buy or sell. they panic and they kulang experience of course the news only a glimpse of the wind through

Most of these negative news are targeted at creating artificial FUD's and it's unfortunate many fall victim to them. It's just a matter time before Bitcoin recovers from its tumble but these guys immediately sell jacking the patience and hence most are found on the wrong side of trading most of the time.

Yeah the price of the bitcoin was low a month ago and the people use to transact the bitcoin and the other crypto currency is also going down so it is the time to the price of the bitcoin that will increase in the coming days. The reaction of the bitcoin according to you is right and it will take the currency of the other state and the other forum go high so it is the time to earn and to invest in bitcoin to get the bright future.

Bad news in this  context is simply bad news. The mainstream population will be turned off using crypto when respected market participants make assertions such as Jamie Dimon's. That can't be a good thing. The fact is most people dont understand the tech and never will, so they rely on headlines in new media for their information. If all they hear is fraud fraud fraud that will hinder the future prospects of crypto.

Yes it will really drive the market up in the long run even if it is good or bad publicity because whatever is the issue in a thing it will still make a noise especially when some people that is in authority or in power is making a hate on something's that is really good then suddenly it pops and slam the face of the naysayers. Good publicity or Bad publicity, Publicity is publicity.

I think that such news can not influence the long-term trend.
The communion bitcoin is very faithful. And in the world there is a certain number of people ready to deal with bitcoin. These people have certain parameters, such as income, employment, lifestyle, values, and so on.

These factors involve new people in bitcoin, these people create demand. And this entails an appreciation of the course.

And one, even large, interview does not change the way and values ​​of a large group of people. But for a qualitatively different growth - growth based on the use of ordinary people, and increasing the speed of turnover, bitcoin is an obstacle.

I have read or heard about this quote, “bad publicity is still a publicity”, is it logical by the way. And most celebrities is using this gimmicks to gathered attentions to masses. Is it applicable to investments or cryptocurrency itself? Yes and I don’t have no doubt that it also affect the perception of every bitcoin enthusiast and investors.

The more the bankers suffer from bitcoins popularity today, the more people will invest in cryptocurrency because of hatred towards that institution. It would be described as a “sweet revenge”. Especially to the greedy and corrupted banking system we have.

What the JP Morgan guy said is the last hurrah of banking in general. Take the case of WELLS FARGO. They defrauded their customers as a banking giant. But nobody cared about banks like JP Morgan and Wells Fargo. It is not about Bitcoin getting the publicity. It is a question of why is it getting all the publicity. Because primarily Bitcoin deserves it.

I don't really think that there is any bad publicity. It all serves to create more awareness of crypto currency so it will drive the market up in the long term.

bad news is still publicity and it will rais more interest good and bad in crypto. Wile dimon was spreading his fud not necessarily everyone would trust what he has to say just because he is the CEO of jp morgan.

very interesting theory. i have never thought about it like that. and i think it can be true. imagine you have never heard of bitcoin and you first hear about it from JP Morgan CEO who in turn calls bitcoin "fraud" or something like that and someone else calling bitcoin's collapse and calls it dead. then after a while (lets say 6 months) you hear about bitcoin somewhere else and see not only price is already 2 times more than previous time you heard about it but also it is being used more too, like in being accepted by the gaming platform you always place CS:GO (ie steam). you obviously will know who was right and who was wrong!

Not really. This is money we're talking about. Some people are more tolerant of risks than others. Those who don't like risk will surely eat up any FUD they read and stay away. It might appeal to risk takers though. Still, if people are saying you're basically throwing away your money by getting involved in Bitcoin, then you're going to pay them attention. No one likes throwing away money after all.

i think that not a good way to drive up bitcoin to bad news. in my country have happen like this bitcoin become famous because there is a terrorist who want blow up bom and get paid using bitcoin. but it's not make bitcoin user in my country become afraid using bitcoin. in fact bitcoin not growing in my country

Bad news will make more people aware but not in a good way, and it can caused people to give bad judgement about bitcoin, in my place bitcoin popularity is already improving, people now recognized bitcoin as a future investment not as a criminal money anymore, but still some of my friends refuse to take part in bitcoin

Even bitcoin has a bad news,there are still a lot of people will be indulged with this which will be a result to have a higher marked up.Many countries are familiar with bitcoin and will not be affected by the bad news.

i think you can't really generalize it like this. it may have different results for different people. some may believe it and the first thing (the negative one) that they hear about bitcoin becomes what they will always remember from it. and no matter what happens in the future, they may never change their mind.
believe it or not some people are actually like that!

or some others may be affected by it, specially if it is someone big saying it but change their mind when they find out more about bitcoin and what it really is.

so far the result of all these FUDs which have been taking place for years, was never big enough to cause any permanent damage. it at least seems like it. and bitcoin is growing stronger every day despite all that!

The news or updates are very vulnerable for bitcoin because the price of bitcoin reacts faster than what we expect because when there is a news like bad news for example, the price goes down dramatically and it causes a lot of losses from different investors who putted money in bitcoin and i think that if the wider media will spread the news fast then we can see even faster bitcoin reaction because that is one of the weakness of bitcoin, the news.

If the media coverage of the benefits and advantages of digital currency then the community will slowly realize the importance of digital currency. But if media explanations reveal a loss, the danger of digital currency then people in their subconscious will reject the digital currency.