[2018-06-23] CNBC Holds “Funeral” For Bitcoin, Brian Kelly Says Bitcoin is Still

[BitcoinArsenal]

CNBC is back again, with more cryptocurrency antics on the ‘Fast Money’ segment. However this time, Fast Money host, Melissa Lee, took jabs at the cryptocurrency market, holding a ‘funeral’ for Bitcoin. 
Full article on CNBC

[Palmerson]

It is not yet time for the funeral of bitcoin. The market is really going through a shock. But the situation can change very quickly. It is enough that a few weeks the whales did not sell their coins. They are now going to buy a large batch of coins at a low price and provoke a shortage of offers. This will instantly expand the market.

[davis196]

The BTC price decreased from 6700 to 6150 USD and they say this the "funeral" for bitcoin?!?
This is the most stupid and annying FUD I`ve ever seen and it comes from a big media like CNBC?
When the US dollar decreases it`s value by 10%,nobody says this is the funeral for the US dollar.
Well,F**k you ,CNBC.

[hatshepsut93]

I remember how CNBC was super bullish on crypto during the last rally, but now they are just as bearish. I won't be surprised if they are just working for market manipulators and help them fooling noobs with coordinated FUD/FOMO. Taking investment advice from media is a good way to lose money, because you can't get any decent advice for free, you either have to be a professional or hire one.

[gentlemand]

And this is the place that encouraged people to buy fuckin XRP when it was over the $2 mark. But hey - 'unlike bitcoin, you can actually buy several of these at once without spending too much money.'

https://www.cnbc.com/2018/01/02/how-to-buy-ripple.html

What a bunch of clueless hookers.

[Zadicar]

And this is the place that encouraged people to buy fuckin XRP when it was over the $2 mark. But hey - 'unlike bitcoin, you can actually buy several of these at once without spending too much money.'

https://www.cnbc.com/2018/01/02/how-to-buy-ripple.html

What a bunch of clueless hookers.

Only clueless people who would definitely be brainwashed by that kind of encouragement and its not really surprising at all for them to introduced things which would really give any benefit. Id actually laugh about Funeral for Bitcoin. They arent still aware its still kicking and we are still on higher highs compared on previous years and now they do saw percentage decrease they do already consider it dead? Hell No!

[Betwrong]

First of, the full article is not on the CNBC's official site. After clicking the link, I was met with a pop-up window inviting me to join an ICO, but before I had a chance to be deeply surprised I saw that it's actually NEWSBTC, not CNBC. 

I agree with Brian Kelly and imo it doesn't take a lot of brains to understand that this downward movement can't last forever. At some point one of the whales will think "Enough's enough. I'm buying from now on." and then the FOMO avalanche will start its movement. We all know how that happens and this time is no different from the previous ones.

[squatter]

CNBC saying Bitcoin is dead? Don't be surprised if the market turns bullish now.

I remember how CNBC was super bullish on crypto during the last rally, but now they are just as bearish. I won't be surprised if they are just working for market manipulators and help them fooling noobs with coordinated FUD/FOMO.

I remember how Fast Money ran a segment called "How to Buy Ripple" in early January and then boom, the top was in one day later and it crashed like 75%. I think it happened with BCH too, and probably others.

I think we should use them as an indicator.

[TraderTimm]

I love it when the talking bobbleheads call Bitcoin "Dead".

Because it means we're rounding the turn for the next cycle of basing/breakout.

Bring it on.

[richardsNY]

Why are people so surprised? They have been known to do this. CNBC just rides every sentiment wave as hard as they can, regardless of it being positive or negative. The only thing they care about is making content that catches people's attention. At the end of the day we are talking about them and people here go to their site to read the article, which is why they do all this. It's their business model that generates a good amount of extra income from a market they didn't cover much back in the days. If you want to hit them don't visit their site and don't watch their content on social media platforms.

[jjacob]

We periodically have obituaries and funerals conducted for cryptocurrencies. They always try to reason out why "this time" is different. The only surprising thing was that such stories went missing in 2017. They would have looked foolish to try and publish such things in a bull rally.
Now, they are back with a vengeance.

[BitHodler]

It's quite interesting to see how a well established media entity is willing to degrade itself like that. I can understand that they are looking to remain relevant, but they aren't shilly YouTubers.

Some times I see people comment under their articles and videos that they are tired of seeing crypto related news, and somehow I can understand it with how CNBC and others just act like idiots instead of professionals.

It's no longer who provides the best possible news coverage in terms of quality, but who spams the most crypto related nonsense as possible. CNBC is the obvious leader.

[Kakmakr]

Brian Kelly is Founder and CEO of BKCM LLC, an investment firm focused on digital currencies. ... Bitcoin cash is a must-own, says crypto investor Brian Kelly. 

"" Kelly also mentions the recent report by analysts at Barclays that referred to cryptocurrency as a “virus” and an infectious disease that would “never hit another high again.” Kelly notes that the moment right after such negative articles are published is when he “wants to buy any asset, whether it’s Bitcoin or not.”"

Sourced from : https://cointelegraph.com/news/cnbc-fast-moneys-brian-kelly-bitcoin-is-like-the-internet-in-the-1980s

So we should take the advice that he gave himself back in April and buy when all these media outlets are talking trash about Bitcoin. 

[Harlot]

It is dumb that they highlighted the cryptocurrency market going on a down trend while they haven't mentioned that other markets specially the stock market is on a bear market as well. This is one of those lame attempts on proving that Bitcoin or cryptocurrencies is really not some kind of investment to do. If that is so stock market and the foreign exchange market are also not good investments to make as both of them are also crashing in terms of prices. I wouldn't bother reading that kind of article again.

[Kemarit]

At least they have really unmasked themselves as a bitcoin hater and not reporting false news just for the heck on riding the waves. I'm not surprised at all because I have suspected all along that they are really against bitcoin and crypto since they included it in their segment. That's why I stop watching it and have a goo chuckle reading it on crypto news website. They just wanted to stay relevant but once they open their mouth, they doesn't say anything that has contributed to the growth of crypto to be honest. They just created this air of negativity surrounding crypto that might have swayed a few investors not to put their money on the market.