Bitcoin Forum

...undermine cryptocurrencies and convince the world that it's "not worth it" - maybe, in fact this is the time to get in, before the bitcoin skyrockets?
Any thoughts..?

For reference, here's the article I can across today: http://money.cnn.com/2018/06/18/technology/bitcoin-cryptocurrencies-internet-bis/index.html

The article is about a report that was commissioned by dozens of the world's biggest banks. Of course it's going to say Bitcoin is worthless/a scam/a ponzi/a bubble/whatever. They are protecting theiriwn self interests.

I can Google for 100 articles written by flat Earthers that say NASA is a scam. Doesn't make it true.

Most mainstream journalists don't have a clue what crypto is so they are going to demonise it and discourage others from investing. Ignore the fud, just follow the bitcoin experts instead

I think it won't affect the bitcoin price in anyway. People will start investing in bitcoin again when the price starts rising. I have seen countless time TV news creating fud even my local newspapers trying to creat fud but I think it's normal people will eventually find out about the blockchain technology and it's profitability. 

Sometimes they are being paid to do so. There's a lot of different approaches to crypto from enthusiastic to full of hate, we can't do much about it. They will eventually make fools of themselves like the Polish government that paid youtubers to defame cryptocurrencies. Just sit and wait, they can't win by making things up. The truth will always resurface and kick them in the ass.

Can't agree more: the level of ignorance is sometimes just appalling, I've seen some "reports" that show such low level of knowledge it's not even funny.
What I'm concerned about tis that general public still happens to trust these guys who show up on the screen and spread some inaccurate (to say the least) info. Doing my own share to spread the unbiased info via my own social media, but I'm not sure if that's enough.

Yes! Relentless attempts at frightening people away  ??? so annoying, please leave us be. It's all lies anyways and the few times it's not its just blowing things out of proportion, sometimes they just choose to show the bad news instead of the good, what happened to neutral media  ???

Nothing new to be honest, just the media being the governments puppets as usual. Trying to demonise crypto currency because they don't want people to be free. Media has always been used as a means to control and influence the masses but they won't succeed here, I'm sure that crypto will succeed in the end, the banks and the government can't prevent it, it is only a matter of time until the day comes where there will be more crypto users  ;D

I guess that's one approach - to wait. But it just makes me a little angry, their ignorance is getting in the way, and affects our community adversely.

They can't control the internet, that's why this is just a perfect ecosystem for the forward thinkers.
Thanks for sharing btw, in my line of work this kind of info is very useful.

I think they (Banks) are a bit scared, but don't want to show it. They will tell people different types of disgusting lie about crypto world to save their status and it is in our hands to show the truth to people around us. It will be long and hard way to mass adoption. In 1980s Internet was said not for pictures and videos and now :D The same with blockchain.

I think you are right that nearest 1-2 month are perfect time to jump in ;) Future is here and now it is not very expensive!

The media is pretty much all over the place in their reporting and price speculation of cryptocurrencies. They tend to lean toward the negative even when things are going well.

I have learned to mostly disregard the regular media because they don’t fully understand cryptocurrencies. I’ll pay more attention to the ones that do this everyday and can provide some useful information.

I am not even talking about the article. But dude, for real, if you still haven't bought into Bitcoin by now that means you too are indirectly a part of the Mafia media you criticize. How can you believe in something and still not buy into it. As for the media, I don't see anything shakeable they are doing. Those writing against bitcoin are mere bank puppets paid to do the yeoman job. That's all.

The banking world has always been against cryptocurrency because of their own benefts and interests. So this article is prepared by the banking sector and  they always criticizes cryptocurrency negatively. According to them of course Bitcoin can be scam. But despite all the criticism, I think the banking sector and their services will cover the cryptocurrencies in the near future.

The media recently published not very good news for the crypto world, and this is most likely specifically that the rate would fall even further, and there was a good time to enter.

The best thing we can do is to ignore these negative news and focus on advertising bitcoin and the blockchain technology in our own way. We can tweet good news, share posts on Facebook, twitter and other media outlets as though we were doing bounties. Every little effort will help bring bitcoin in the spotlight for very good reasons.

Yes, there are certain media that are damaging the credibility of bitcoin and affecting it's market growth. This anyhow made people to believe that bitcoin is a ponzi scheme which I think the people should verify to themselves how true is what media was trying to portray.  I personally  believe that all the bad thoughts about bitcoin were all FUD and not true. People should not listen to fake news and continue to believe in bitcoin as this will be back on track soon.

Lol. Media has been so biased against bitcoin. You should look at the 2016 and early 2017 articles and you will find a lot of them attacking bitcoin and saying that its really just a tool for criminals. I don't know if zerohedge though is still publishing negative news about bitcoin, but during the last couple of years, they are really putting a lot of crap and picturing bitcoin in a negative way. Some may argue that they are a more of a gold influencer, but I don't like the idea though of putting bitcoin is the bad spot. Again, this will not go away because bitcoin is slowly gaining a lot of attention and media just want to get a hands on every bitcoin news and will try to spin it for them to look like a clickbait. So just be careful, because not everything we read in the media right now is so true.

seriously who the hell still watches cnn?

mainly old people do.

of course the banksters are active there to protect their banking cartel, and keep their money earning cattle together that enriches them privately with billion and trillions

Just bankers and financial firms pay media to spread false information about bitcoin.

Nobody said that Bitcoin will replace any Fiat, and all of the news only expose the Bitcoin weakness, they never mention that Bitcoin bring more job opportunities and bring more business in this world, and it's the typical of media, it likes to expose the negative side of Bitcoin to create controversy and get big review, for me this is rubbish news

We can really never trust media. They are always spreading FUD just to eliminate what they want to be ended. Especially social media, nowadays this is the source of all the news regarding of all aspects in life and people who wants to create negative marketing will take advantage of it (almost all the people in the world have access now in the net). So, its better to try it yourselves or ask to whom you think is the most reliable source.

To be honest, it doesn't make any sense to give any attention to media as we all know that in most of the cases, these media houses are owned by the business groups associated with the government CEO media will always try to propagate the hidden agenda of the government. On the other hand, there are some media houses, supporting crypto (or say they are neutral about it). Thus, we shouldn't expect an independent approach from media and hence we should ignore and unproductive criticism.

Media can do whatsoever they could in order to let the people warn or let the people attract. In both sides the responsible is still the viewers and the hearers for everything we should not depends to media, we should have some research before believing.

Bitcoin technology is far beyond their scope. So what they simply do is reject it. Cryptocurrencies are doing a huge change in the world right now. eventually, all will come and join with this revolution.

Mainstream media is a big factor why people pay no interest on what bitcoin is. Most reported news are scam related and illegal activities related. People's impression are becoming negative about bitcoin. Right orientation should be given to the public, if people would see it something beneficial more demand will be gained  from the market and price will surely pump.

They didn't even mention that there are solutions being developed to avoid paying a lot of miner fees if Bitcoin goes back to $19,000. Also the crypto related articles are all bad news (exchange hack and price manipulation) and when you go on to those two articles you'll find more articles about how Bitcoin and crypto is a bad investment. It's hard to take their articles seriously if they're only going to mention the bad parts of Bitcoin and crypto.

That's right, media are catching the attention of all people and always saying negativity about Bitcoin and cryptocurrencies. Maybe because media are handled by the governments so for sure it influencing the media to release or spread negative believes and thoughts therefore the people are loosing interest of involving to this system.

This is why there are people who don't believe in bitcoin but as a matter of fact, social media users nowadays can be easily influenced even without showing evidence. This is the power of social media, it makes its users ignorant because there are people who don't actually invest time in researching.

By clicking the article after reading that it came from the banking group, I didn't continue reading the article.
Get in now before they get in and done with these statements that has a form of hidden agenda.

Maybe I was actually a little off: today's market seems to go up, and if the trend stays (and it looks like it's gonna stay) it's not gonna be two months, but two weeks at the most.
Happy to see things going upwards!

I do not think they are trying to get in this market, even if they bought a lot of coins and they still retained their power the truth is they will not be as powerful as before, bitcoin will limit them, for example even if banks bought bitcoin they cannot print it at will in the same way they can do with fiat so we will have a fairer society not only that the services of banks will become unnecessary, so I think all of that propaganda is a real attempt to stop bitcoin.

This is true, because most of the media doesn't really care which is true or not, they only care on what they can earn, the popularity, the money they get from those people who paid for them to publish an article and this is what is happening right now, there are surely people that pay decent amountof money to those news website or news writers to spread FUD to cryptocurrency investors to make the price go down and to manipulate the market. This is why nowadays it becomes harder and harder to collect legit information on medias because you don't know which one is telling the truth or which one is just got paid to make fake news. This is also why you should not rely on just one source.

The wise ones are getting in at this point in time when the price of Bitcoin is considerably low. Unfortunately some weak hands keep listening to propaganda and developments  blown out of proportion by the media. If you allow yourself to be fooled by this and fail to invest, then you will have yourself to blame.

Well I think media are under the control of the government and like all we know a lot of government are very disagree to this system because for a certain reasons.  Thus, by the used of media bitcoin system are very affected because it spreading negative news about bitcoin so it's brings a big tendency that a huge of people which is the community will be hesitate to involved to this system.

The media loves sensationalism and the stories that can generate clicks, which is how they earn money. In the same medium outlet they can publish news that associates bitcoin with criminal activities and news about people who became millionaires with bitcoin. Obviously they publish more negative stories because those are the ones that draw the most attention and with which they get more clicks from the readers.

That’s all what the mainstream media can do, try. No amount of negative articles can stop the bitcoin juggernaut. Cryptocurrency will become mainstream despite the criticisms.

No matter what they try to FUD, it's really up to you now. You can have as many information you want with the FREE WWW and start thinking on your own - not like in those days when you had to accept what the TV were saying because there was only one-way-comunication.

So start googling or something and do not believe one at one or first resource.

I am not usually move by what is said in the media because the information in the media are either manipulated to be pleasant for hearing and in favor of government or say without proper deep research. Bitcoin do not need approval from media to survive.

They are trying to do that but while that is not going to be effective against us since we believe in bitcoin completely at the same time I really do think that their FUD campaign has been able to slow down bitcoin somehow since the average person only gets his information from the TV and some internet sites and if in those places they say bitcoin is bad they are going to believe it, but as reality begins to surface about the frail economic system then more people will adopt bitcoin despite this.

Media always trying to make negative news about cryptos. Maybe they are getting paid by crypto haters to discourage others. Or maybe just looking for attention as positive news will not get that much attnetion compared to articles like these.

it is because this technique has been effective so they keep on using it. some of them are only doing it to advertise their own website (get more traffic and earn money) some others are doing it to manipulate the price and make profit from the created chaos.

if people start paying less attention to nonsense FUD about bitcoin on the media and start using their heads and also as the market grows that the newbies who pay attention no longer matter, then we stop seeing this kind of ridiculous movements.

The media has played a critical role in trying to destabilize the mines of people towards cryptocurrency. Hard as they try though, the world is actually being informed better about the usefulness of the new money.

The more they publish negative reports, the more opportunity for us to explain the goodness of the cryptocurrency in the new era. Let no one loose sleep over media criticisms.

Media choose always strong side, i am very familiar with it. But when the time comes for cryptocurrency, we will see media side.

What banks want to do using these kind of articles is discourage people to use bitcoin as it is a kind of risk for them. If people move to digital currencies such as bitcoin, there is no need of banks. Therefore they are trying to protect their banking business by misleading people. My opinion is we should not even read articles and reports about bitcoin issued by banks.

Media choose the ones who pays for advertisement, in my county there is so many commercials on TV about banks and loans they give, many banks pays for that a lot.
I believe in changes, when time of crypto comes we will see different commerciala on TV. But there isn't interest for that now, crypto is targeting internet and people who use internet. Advertising on social networks, YouTube, many forums is current reach of crypto advertising, but in future that will spread on other types of media.
That will not do some of us, when huge companies adopt crypto in their television advertisement we will see how they accept crypto, they will pay for that and that's how it will start, later more crypto services will follow that.

This kind of news a a scrap news that recycled many times. It's been there since Bitcoin first rise and I'm expecting it to continue and use this kind of shit news in the future.

There really are certain agencies (not just media) that are not happy with how bitcoin and cryptocurrency has grown. We can never force them to be, but at least I, I don't want to listen to them. Cryptocurrency is more than what they think. They are just closed-minded.

Medias are controlled by influencial people.Those influencial people owned banks and big businesses.So it is normal to hear that medias are keep spreading bad news against bitcoin to cover up those influencial bosses.

I think it affects the beliefs of bitcoin holders, so there is a lot of fear that is present among investors until bitcoin prices drop because of panic sales. People will start investing in bitcoin again when prices start to rise. I have seen countless TV news, making fud even my local newspaper trying to create fud, but I think normal people will eventually find out about blockchain technology and profitability.

Maybe it isn't media, don't you think it might be whales or other major players trying to cause more fluctuations to gain more from them?

Communication is the decisive factor in everything that can make a big difference. Social media is today the source of all the news related to every aspect of life and people. Want to create negative marketing will take advantage of it (almost everyone in the world can access the network).

Crypto enthusiasts can use the media to our own advantage, imagine when the media talks positive about the world of crypto you notice how flourishing the market looks. A time is coming when the media will not be able to scare people away from the world of crypto.

Well said. I think media is negative towards bitcoin out of fear of change, or the fear of it being used for illegal activity. Bitcoin is the world’s first digital currency, and that’s a massive evolution that transcends the economy. Not everyone is adaptable to change, unfortunately. We need faith in the currency for it to prevail.

I would be very sad to see if governments and banks would win. Crypto is the answer to many people's hopes but it can be ruined with media spreading fud and strict regulations. Another problem is hackers. God knows how many millions were stolen from users.

It is normal for people to be afraid of change, of something new, of what they dont know. Crypto is unfamiliar ro most of us. It had emerged to the general public not so long ago. Not so many people fully understands how crypto works. The media has depicted the fear if most people or maybe they are just paid to write bad things about crypto in order to increase fear and pull down something thet cannot control.

We get our news from the media. That’s what they do, report the news. It’s up to you to fact check some news item that is too good to be true. Social media is no better.

It is not necessary to care too much about these media articles. Most media editors do not really understand the encrypted world. Their articles usually exaggerate the facts and take the attention of everyone. This is their work.

The banks are uniting against bitcoin when in fact it's good business for them since most withdrawals go through them. ALso, once converted to fiat, we also store our money in their banks, giving them more funds for their investments and whatnot.

Indeed it doesn't.  I'd say the more you listen to the media, the more your IQ embarks upon a slow decline.  Media often get facts wrong, and I think the days of conscientious journalism are long gone.  Every media outlet has an agenda, and it is all biased.  Banks advertise, and you can bet your bottom dollar that the media doesn't want to rankle their interests and therefore articles/reports that blast bitcoin are in their best interest. 

I watch movies.  That is the extent of my involvement with media.  Being blissfully ignorant I've found is not a negative in this day and age.  I can live my life how I want it, and I don't have to get frustrated by retarded news stories.

Many media aggravate the situation to destroy the dominance of Bitcoin.
They are backed by renowned Banks around the world.

The bank is afraid of the loss of its value when people choose Bitcoin to save their money. Believe it is all there is his rules and we do not need shirk against others.

I think most journalists do not know anything about Bitcoin, they try to exaggerate or they may be based on a report (which we have not yet verified)

If anyone still see cryptocurrency as a thing that has no future, it simply means such person is still living in the past. Several people said this in the tear 2009 and later took the blame. The price of cryptocurrency is good now for anyone to join and stop doubting. Don't let any negative news stop you.

Bitcoin is so news depended, and i'm sure the top people on the media are playing with it.
The big media can pump and dump coins with some FUD.
So, i think not really trust the media and do a technical and fundamental analysis by yourself