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Title: The news is having a field day! Post by: yrtrnc on February 11, 2014, 11:06:25 AM As predicted, the news is exaggerating the crash yesterday. The market is back to where it was in less than 24 hours, and thats how resilient bitcoin is . However they are not writing about any of this. Once bitcoin breaks this resilience I see a bullish trend.
Title: Re: The news is having a field day! Post by: roslinpl on February 11, 2014, 11:31:09 AM As predicted, the news is exaggerating the crash yesterday. The market is back to where it was in less than 24 hours, and thats how resilient bitcoin is . However they are not writing about any of this. Once bitcoin breaks this resilience I see a bullish trend. It is normal you should get use to it :) and just relax and during panic time have some beer and lol @ panic makers. Title: Re: The news is having a field day! Post by: anu on February 11, 2014, 11:41:41 AM There is no such thing as bad publicity.
Title: Re: The news is having a field day! Post by: roslinpl on February 11, 2014, 12:35:30 PM There is no such thing as bad publicity. It might be right - but there is such thing as a bad idea :) Title: Re: The news is having a field day! Post by: bitcon on February 11, 2014, 02:01:22 PM good news doesnt sell
Title: Re: The news is having a field day! Post by: checkers6676 on February 11, 2014, 02:09:21 PM I would rather the news be full of doom and gloom about bitcoin than anything. People who have not yet bought in may see negative news as "the time to buy." There have been way too many posts on this forum suggesting people have missed the train when it simply isn't the case.
Title: Re: The news is having a field day! Post by: j3steven on February 11, 2014, 02:15:17 PM Media loves to glorify any piece of information they can grab. On Yahoo (USA) front page, the #1 trending topic is "Bitcoin Crash" ( https://search.yahoo.com/search?cs=bz&p=Bitcoin%20crash&fr=fp-tts-901&fr2=ps&woeid=2462066 ). Sigh.....
Title: Re: The news is having a field day! Post by: checkers6676 on February 11, 2014, 02:18:25 PM Media loves to glorify any piece of information they can grab. On Yahoo (USA) front page, the #1 trending topic is "Bitcoin Crash" ( https://search.yahoo.com/search?cs=bz&p=Bitcoin%20crash&fr=fp-tts-901&fr2=ps&woeid=2462066 ). Sigh..... Again: If people think it has "crashed" now, then they will think now is the time to buy if ever. Of course I come from a small household with not much disposable income for investing, but at this point we have 3 family members in BTC and have doubled our position, a month ago I was the only one with BTC. Title: Re: The news is having a field day! Post by: 7thKingdom on February 11, 2014, 02:28:15 PM Ends up 3% on day of crash.
Man, I wish it would crash everyday. Title: Re: The news is having a field day! Post by: the_sunship on February 11, 2014, 02:49:39 PM bad, scary news sells - always has and always will. Remember Y2K? How many people spent thousands on canned food, bottled water, and toilet paper because of the stories in the media. The US media is particularly problematic when it comes to FUD. Americans love drama and pay for it with their hard earned dollars.
What kind of attention grabber would be the headline "Bitcoin bounces back after price dip!" Title: Re: The news is having a field day! Post by: aminorex on February 11, 2014, 03:08:30 PM My comment on the news is that, just like the NYSE in 2008, bad news caused leveraged long positions to face margin calls. Unlike the NYSE in 2008, the news was false, and bitcoin recovered in a matter of hours.
Title: Re: The news is having a field day! Post by: bitcon on February 11, 2014, 03:18:20 PM and we didnt charge taxpayers anything to bailout the bitcoin market either!
Title: Re: The news is having a field day! Post by: Mythul on February 11, 2014, 03:46:19 PM Don't worry in one week everybody will forget all this "bad news".
Title: Re: The news is having a field day! Post by: roslinpl on February 11, 2014, 04:18:48 PM Don't worry in one week everybody will forget all this "bad news". true :) there was so many "bad news" that even I dont remember :P Title: Re: The news is having a field day! Post by: stylin on February 11, 2014, 05:37:35 PM There is no such thing as bad publicity. Agreed. All these people reading about the "crash" will be fuel for the next bull run. Imagine half a year from now "oh sh*t it's at 2000 now? Better buy" Title: Re: The news is having a field day! Post by: roslinpl on February 11, 2014, 05:47:11 PM There is no such thing as bad publicity. Agreed. All these people reading about the "crash" will be fuel for the next bull run. Imagine half a year from now "oh sh*t it's at 2000 now? Better buy" Hah. :-) it is going to be like this propably :-) And it will be always like that Its same with gold and silver I guess (I never had any gold investment but I realy imagine bitcoin as a gold) Title: Re: The news is having a field day! Post by: hellscabane on February 11, 2014, 06:19:07 PM There is no such thing as bad publicity. Agreed. All these people reading about the "crash" will be fuel for the next bull run. Imagine half a year from now "oh sh*t it's at 2000 now? Better buy" On a serious note, I wouldn't be surprised if this news will drive more speculators in and cause another run up in a few months. |