Bitcoin Forum

The chart you are seeing below is not of Bitcoin or one of those meme shitcoins. Folks, this is a chart of the "mighty" Paypal Holdings stock price over the years, which a steep slump in the last few months. Whereas the chart maybe open for interpretation, but imagine if this was happening to Bitcoin. There would be lots of FUD everywhere, spearheaded by mainstream media about how it's over for Bitcoin.

https://i.imgur.com/WmGnjmZ.png

When it happens to the likes of PAYPAL, they go silent. What does this tell you about mainstream media?

Biased towards crypto!

In the future, when waves of FUD come by. Just ignore  :)

Only if this topic could be covered by the main stream media instead of Bitcoin Talk where most of us already know the trick.  Bitcoin has died so many times I cannot count.  It seems to be revived every time by some miracle though.

They are distracting the average reader to make them perceive that Cryptocurrencies seem like a bad, bad investment.  And it seems to work.  Tell a lie enough times and it becomes the truth, no?

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Regards,
PrivacyG

Each time Bitcoin has crash, people make a Bitcoin death call. In total there are more than 400 calls like that in Bitcoin Obituaries (https://99bitcoins.com/bitcoin-obituaries/).

Hilariously, people don't make such death call when other traditional assets crash. PayPal is example, Crude oil in 2020 is another example. Let them be and who can accept Bitcoin sooner, they are only-one-chance takers.

Oil prices went negative a year ago: Here’s what traders have learned since (https://www.marketwatch.com/story/oil-prices-went-negative-a-year-ago-heres-what-traders-have-learned-since-11618863839)

There will be no doubt about that and that's just how they want because they can easily put some of their opinions which are usually negative to keep the crypto market falling. They were doing it back then when some criminals used bitcoins as tools for their scams and Ponzi scheme, they will highlight the name bitcoin so it will be the main villain in the story, not the actual person who does the crime. Thankfully we are seeing almost zero news like that today because they already realized that those kinds of news don't really take seriously by the potential investors.

We also have to remember that stocks like PayPal are under a heavy regulatory guidelines administered by the government so saying anything like a FUD especially in mainstream media is not always advisable. Now, in the case of cryptocurrency like Bitcoin, there remains no established regulation even up to now so the mainstream media is allowed to say anything they wanted to say on it and its future...and they have the propensity to proclaim it to be dead whenever there is a big dip...and they go silent on its death when there is a big bull run with many even taking a ride with it to gain more audience and attention. These days the mainstream media can not anymore be trusted hence many outfits are suffering from low ratings - people shutting them off in favor with some famous influencers.

That's only one picture if we compare it to bitcoin, the difference with bitcion is that even though the market may look like it will collapse, it will still eventually bounce back and will create a new ATH. I'm sure everyone who study the market and been here for awhile already would know the nature of the market so far, instead of calling it a collapse, we just consider it as a volatility as it happen all the time with only one ending and it's very positive.

When it happens to such big companies they will conceal it as much as they can from public scrutiny, but when it happens in btc the gate of All FUD will be open wide for the media to cause fear and chaos  - and panic sellers will rise to the occasion.
Unfortunately, some people feed on any form of FUD coming from the media, they don't know how to ignore, if not btc will do better. See below

https://i.imgur.com/iZoPpCS.jpg

Right people have some pre-assumptions about Bitcoin and with slight decline in prices also we see this negative news or statement popping over the internet like it's dead or bubble has burst out.But bitcoin is digging them up in piles and last few times we have seen decline in haters percentage as they might know it can't be stopped and it will rise each time with more stronger boost so we should keep quiet.

The other assets also have the same way of going up and down but people accept btc to always go up and give them returns and when it's not happening they feel pissed about it and start behaving abnormal as this was oppose to the market sentiments.So be wise and long term holding is best.

It's not just the Paypal stocks.Almost all big corporations were heavily pumped by the Federal Reserve during the pandemic.That was clearly a stock price bubble and it popped.You could see it on the chart.The stock price went crazy after the pandemic struck in the beginning of 2020.Perhaps there were expectations that the people will abandon cash payments due to the risk of getting infected and focus only of digital payment solutions like Paypal.Well,this didn't happen and the people didn't abandon cash payments.
We cannot compare stocks to crypto,because spreading lies and FUD that would manipulate stock prices is considered illegal,AFAIK.The sad thing is that the same regulation doesn't apply to the crypto market.
Spreading lies,in order to manipulate cryptocurrency prices should also be considered illegal.

Technically PayPal is a shitcoin too. It is a centralized closed source database that people use to convert their real money (fiat) to fake IOUs that may or may not be converted back to real money. In fact PayPal is the biggest shitcoin of all times since it is also the most centralized one!

P.S. one of the reasons they tried adding cryptocurrency trading to their platform has been this failing business that we are seeing here. It seems like it was a failed attempt to revive it ;D

Looking at the current situation of paypal it shows a massive decline by customers who doesn't want to make use of the platform out of the conditions attached to the platform.The CEO said that inflation affected the platform. Why the news is not trending on the internet like that of bitcoin is because some people didn't lose money, that's those that hold their money on the platform. But, the share holders are facing a serious downside of their investment which the CEO promised to get things fixed at the second quarter of 2022.

He also said that they was millions of illegitimate paypal accounts created by users which made it unable for them to control their guidance.


These are Some criterion that keeps a decentralized network like bitcoin better than other payment platforms. No one cares about Illegitimate accounts the market is moderated by the blockchain protocols and it cannot affect the price of bitcoin in any means.

Regarding your question Op, they are a bunch of top sites that lifted the Paypal news although it's not trending like that of bitcoin but, the news is all over the internet as well.

https://www.cnbc.com/2022/02/02/paypal-stock-falls-after-company-blames-inflation-for-weak-guidance.html

I have a different theory: what if nobody cares about Paypal? They know it's not going to get much bigger than it currently is, and chances are something will replace it.
Bitcoin on the other hand can get much bigger, so Bitcoin news is much more important than Paypal news.

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I've used Paypal to pay for many online orders in the past. Nowadays, I barely use it. That's Paypal's future.

PayPal who?

Don't know. It definitely makes you a passive liar, though.  ::)

It's a centralized platform used to transfer centralized shitcoins. Along with that, they allow you to buy cryptos in a centralized way, where you can't even transfer them to your own wallet. It's a shitcoin squared!

Not assumption but something like obsession or intention. They know how good or bad Bitcoin is in comparison with other assets. They just try to distort the fact and mislead people who are not knowledgeable about Bitcoin. What purposes do they want? To prevent as many people to get exposure and accept Bitcoin as possible. However, unfortunately for them, after 13 years, since 2009, now and in future, they won't be able to stop Bitcoin.

Paypal have to adapt to the big trend and have to bring Bitcoin to their platform. it is a proof that they already recognized how Bitcoin has changed the world and Paypal will have to grow together with Bitcoin.

There are also other companies that have been down as PayPal does. It's true that these mainstream media platforms are very bias towards crypto and mostly to bitcoin.
But despite being bias and always active in coverage whenever bitcoin slumps, there's no way for them to disrupt it as it's bound to recover no matter how low the drop is.
They should play fair and square when these tech stocks are also plummeting, they report the drop but the difference is really huge as there's no FUD unlike bitcoin.

Definitely. Crypto currency’s always been cursed with the FUD all the time. It’s so funny to watch that whenever market is going bear all the humanity would be following the bad news like sheep’s, yes it going down; oh my god crypto has fallen, bitcoin is bubble which is bursting and whatever it may be they will be all like publishing the same thing.

The funny part is, when the bitcoin is going up still peeps would be afraid because they will keep asking how far it will go and should I be selling my bitcoin or not? Dam in anyways they are spreading the FUD.

There is always an attempt by the media to highlight negative things about Bitcoin even when such is a normal occurrence, for example with the issue of people who lost funds, the media makes it always look like Bitcoin caused such people to experience such loss, forgetting about the individuals folly, or that millions more have lost funds in fiat currencies, but it never has been highlighted this way.

I do not know if all of that is in line with government (through the media), trying to ensure more people do not take their finances into their hands using Bitcoin, i also believe that CBDC's are also being launched as a result of this same campaign against Bitcoin, they are trying so hard to deceive people that CBDC's will work like Bitcoin when in reality it won't cause it is centralized. The thing remains that the Bitcoin consciousness has already spread amongst the masses, so people would continue to look above all this and be their own bank.

Mainstream media actually do report about large stock crashes, like the recent Meta (former Facebook) crash that wiped unprecedented amount of value from the company's capitalization. They also report the price movement of key commodities like oil, gas, gold. But they rarely make any predictions, because the general population is not too interested in it.



Almost all those obituaries come from economic news sites, which can't be considered "mainstream news", because very small percentage of the population reads them. And even actual mainstream news like The Guardian or Forbes have blogging sections where authors post all sorts of opinions that don't count as officials materials of the sites editorial team.

FUD will always be here for bitcoin but it’s easy for anybody with half a brain to ignore it. I mean who cares about ‘the energy’. I use FUD induced dumps as an opportunity to buy cheap coin & you should too. Mainstream media & the status quo will always try to shit on bitcoin but it’s easy to use their nonsense as a good buying opportunity. Bitcoin is unstoppable, they will all accept that soon.

Fuds are very biased to be honest because it seems they don't like to see bitcoin keep improving wherein reason they keep spreading false information everywhere, especially on this kind of situation of the market because they all keep emerging to make the situation worse.

And for sure these are the common topics of fuds rights now. For example between "Russia vs Ukraine and bitfenex platform issued because most of their opinion is it can make an impact in the market.

Some people who have been on the forum for some time should be clear about some things, and one of them is why the mainstream media always emphasizes Bitcoin in a negative context, while the losses of global companies are always presented as something normal in business.

All these mainstream media are owned by several large global corporations, behind which stand certain interests of various institutions, primarily banks for which Bitcoin (for now) does not fit into their business philosophy. Consequently, the one who controls the media can control public opinion about anything, and this has been proven countless times. If you do not want to listen to all this nonsense, just do not read and watch those media that serve you such information - ignore button is not something that exists only on this forum.

We also constantly hear about why gold is better than Bitcoin, but its value today is almost the same as 10 years ago, and no one mentions it in the context of inflation and the eternal claim that gold is the best store of value...

https://i.imgur.com/gzrgGzw.png
Source (https://goldprice.org/gold-price-history.html)

Over for btc huh? Why cant they say the same with paypal? Or someone already did this after they saw that chart? It could really be the end of paypal because btc is now getting noticed by the many and maybe the decline of paypal is caused by the btc because those that invests in paypal are now transferring in btc.

This can be a new thing to paypal so it will get threaten badly but how many times this happened to btc? People are now immune to fuds. We know that btc can still recover no matter what happens. Another reason why they target popular assets is because it is a good investment anyway, and if people panic that's the time they will attack investing.

Bitcoin isn't going to kill Paypal. Their competition nowadays comes from Apple Pay, Google Pay and Alipay. Websites on which I used to use Paypal now just know and remember my creditcard number.
Paypal used to be the only option, those days are long gone. I can't wait for Bitcoin to be more commonly accepted though, I'd gladly surrender the "security" of a creditcard for being my own bank.

There were no news or headlines about this stuff until you had mentioned it and i wasnt aware that Paypal does have that declining path which i do agree that whenever centralized things or big companies like this

wouldnt really be getting much headlines whenever they do experience the worst but for Bitcoin then we do really see the different side of things which it isnt actually surprising
yet Media would always be bias with the government or something that connects to it.Its not surprising that they do really focus with cons to make it look
bad or should be avoided into those people who doesnt know about its existence.

Well true that but even with all this information now being made available to the cryptocurrency community, the question is, why do we keep reacting to these FUDs even when we know they are FUD? It has been proven time and again that Bitcoin is unkillable by anybody or entity but some investors and most traders still react to every news which we know the mainstream media has never been fair when it comes to Bitcoin.

That looks the same as what happened with Bitcoin now and the rest of cryptocurrencies. FUD is hitting back again but not only crypto as we notice but also in the other form assets. Many speculations arise that this dropped because of the Russia and Ukraine conflict but seems it was wrong. Honestly, it was the media who spread FUDs caused panic and make people sell off their assets.

Hmmm, real investors are benefiting from this and say thanks to the media influencers who did this FUD.

I've seen yesterday that the Russian stock market's bleeding heavily (it was on the level of the losses of the pandemic announcement in 2020), but this was at least understandable with everything going on with the war. But I had no idea PayPal had such a terrible chart, so at odds with the stereotype of a stable stock market! So thanks, op, for sharing this chart. It indeed shows how unfair people are to cryptos when they say they're prone to volatility when even very reputable companies suffer similar losses from time to time. I do ignore the crypto FUD, and now I know what to show those who don't.

You’ve made a pretty good point here. At first I thought you were posting a photo of something like the S&P 500 or some other indicator but PayPal is a pretty worthwhile comparison. You are exactly right, a chart like this in bitcoin terms would have people going crazy with FUD. Great point made here.