This bitcoin news writer wants bitcoin price down

[Bitcoinwaist]

Bitcoin is down almost $4000 in the last 6 days.  #rektcity

[Kemarit]

The government seems cant fight fair with crypto,its so obvious that they want to shutdown crypto because they afraid their fiat fall down, they don't realise that the criminal also can be used with fiat and there are more case of criminality using fiat, but this news is going to affect the market,hopefully we stay together and defend btc price

They obviously had the tools and the power to shut it down it they wanted to, but the thing is, the more they try, the more crypto leave them in the dust. I don't know if the author intention is to create a FUD, it's just the state of crypto journalism for years, click bat and misleading articles to get the attention of their readers.

But I guess what the Feds want is complete regulation because I'm sure they know that this can't kill because it's already been out there and growing. And thanks to this article as the price goes down and more players and new and fresh blood will pump the market in the next coming days.

[bbc.reporter]

look at the articles he writes:

https://www.ccn.com/author/lawrence-meyers/?amp

and look at one of the articles he wrote month ago:

02/06/2019

Bitcoin is for Suckers – Fight Me

the guy hates bitcoin and altcoins, but the ridiculous is that he writes it in a site that is related to cryptos. It is a shame that ccn publishes these articles

He was hired for moments of dumps and crashes. This will cause their article factory business to have a continous stream of hits and clicks by manufacturing bull and bear articles in pumps and dumps hehe.

[omonuyak]

We are not new to this type of sponsor's news and articles! This type of articles and news has been there.  We have news before like "bitcoin is dead, bitcoin cannot cross $1,000, bitcoin is going to zero and bitcoin is a bubble"! However, Bitcoin may have put the latest one to shame by pumping from below $9100 to $10600 within 24 hour. It is good and nice that we have started understanding their manipulation through creating of fears.

[Lanatsa]

Bitcoin compared to poker, pornography, and gun dealers.

FUD. Bitcoin doesn't need permission, and nor does it care. It has been running for more than 10 years, and resisted all kinds of attacks against it. The Fed attacking it through regulation, will not kill it.

They must try it and realized that its an impossible thing to happen.Its been here for 10 years and we have seen on the things been experienced by Bitcoin
but still standing strong no matter what.People do compare this to traditional illegal stuffs doesn't really have the idea or knowledge on whats Bitcoin.
Its total non relevant at all.

[timerland]

We’ve seen this before.

In 2011, the online poker world was rocked when the DOJ indicted executives of the biggest poker sites, seized the websites and froze player accounts.  It also turned out Full Tilt Poker was a Ponzi scheme in which only $60 million was available yet players had $390 million owed to them.

Barack Obama’s administration hated payday lenders, gun dealers, and pornography operators. So they attempted to shut those businesses down by choking off their access to the financial system. The FDIC threatened banks with fines and litigation unless they refused their business, while ACH houses that facilitated online payday loan transfers were shut down.

So many things wrong with this comparison of bitcoin to a confirmed poker ponzi schemes. Literally nothing is similar between the two.

Would certain countries around the world try to "choke off" access of bitcoin businesses to the traditional financial sector? Most likely. We've already seen stuff like this happen in India, China, and a bunch of other countries that are currently poised to restrict access to that area.

But is that going to be enforceable or helpful when it comes to actually deterring people from using bitcoin? I strongly doubt it. Plus, we've seen markets react to certain regulatory concerns before, especially when China banned ICOs. It was never to the magnitude that these people make it seem like.

I reckon this might imply that there are whales who want to create fear to cause bitcoin to fall so they can buy or they are in a short position.

In any case, why this sudden sentiment from a bitcoin news journalist? Did JP Morgan pay for this article hehehe?

It's a classic scare tactic. I wouldn't jump to conclusions about a someone behind the scenes 'commissioning' for this fear to be spread, though none of the points raised are valid.

[shield132]

Weird ass article indeed. I was expecting it to be a press release(basically you pay them to post your article), but it doesn't seem to be the case with this article specifically.

Anyway, I checked the writer's profile, and it seems that he's simply just a big bitcoin bear: https://www.ccn.com/author/lawrence-meyers/

He also has an article written titled: "Trump Says Bitcoin is Dumb. He’s 100% Right."

haha, I saw that article too, here is the link if anyone interested: https://www.ccn.com/news/trump-bitcoin-criticism-is-right/2019/07/13/
Btw I think we need someone to tell Roger Ver about this man, he will be huge discovery for bitcoin.com
It's fault when writer states his opinion so directly in article, especially when he says so loudly trump said bitcoin is shit and he is 100% right, such publishers usually are left without jobs or are in shady companies.
Also as CCN stated, they were going to close so why are they still functional?

[Cherylstar86]

Well we have different opinions and predictions but of course we can't avoid if someone say like that but if we really believe to what we doing in crypto I think they can't change our mind of one person like him or even our beliefs.

Yeah everyone always give an opinion no matter what point of idea as long as they've expressed vocally. It's alright to say anything but to the extent that these reports wanting bitcoin to go down of its price, well that's their prerogative and I guess they're part of FUD whose paid to deliver bad news for bitcoin. Their aim is to pull bitcoin from where it is now, then they will purchase btc once it declined on value.

[slaman29]

What I don't get is why people are acting like it's such a big deal. US government doesn't like Libra and Facebook. Have we all forgot what Facebook did not too long ago? They sold you to companies and didn't tell you about it. So why would anyone like Libra or anything coming out from Facebook? Come on guys, I would attack them too.

[hatshepsut93]

"The US bans Bitcoin" is the new "China bans Bitcoin" FUD - every little bit of news about the US authorities and cryptocurrency will be turned into long sensationalist doomsday articles. These journalists and experts will then keep tying every single price dip to public statements of those authorities, just like they did with Trump's tweets, even if the timing isn't there.

The interesting question here is how is behind the FUD - the people who want to drop the price to buy coins cheap? Bankers? Shitcoiners?

[figmentofmyass]

"The US bans Bitcoin" is the new "China bans Bitcoin" FUD - every little bit of news about the US authorities and cryptocurrency will be turned into long sensationalist doomsday articles. These journalists and experts will then keep tying every single price dip to public statements of those authorities, just like they did with Trump's tweets, even if the timing isn't there.

The interesting question here is how is behind the FUD - the people who want to drop the price to buy coins cheap? Bankers? Shitcoiners?

nocoiners have been peddling this narrative for years already. part of it is just the nocoiner psychology---sour grapes when price goes up and schadenfreude when it goes down. i think a lot of them legitimately believe their bullshit due to their biases.

those who lived through the online poker boom and bust are also drawing on a particular experience: black friday marked the end of the poker boom. and tbh it never came back and probably never will. i'm not saying that will happen to bitcoin, but i can see why people who lived through it make the analogy.

[Herbert2020]

there are loads of people who want to see price go down. from those who are shorting bitcoin and have been losing money doing so, to those who have some money and want to dump it to get bitcoin instead. and since the FUD strategy has been successful in some cases everyone who wants a lower price always tries their hand at spreading it as much as they can. they just need some meaningless news to turn negative and push it all over the internet, then the shitty news sites who are always desperate for traffic pick it up and do the rest for them.

[BitHodler]

The interesting question here is how is behind the FUD - the people who want to drop the price to buy coins cheap? Bankers? Shitcoiners?

News outlets? CNBC has been shilling various coins where for a short period of time even put Bcash above Bitcoin as the investment to go for, then invite Roger Ver to have a chat with. Very suspicious.

I doubt banksters are behind it. I'm pretty sure that most of them want to think less about it than more. Other than news outlets it could very well be wealthy investors or exchanges such as BitMEX that thrive on volatility.

BitMEX couldn't care less about the short term direction of the price, which the CEO Arthur Hayes even said himself. All they care about is that the price bounces up and down and people trade against each other, and BitMEX against them.

[shoreno]

he seems to be biased on his opinion but we cant do about it because that what he thinks about bitcoin while other writers are honest and will only write stuffs depending on the current situation of bitcoin   . there are also writers that are being paid to  write fud stuffs so that people will panic and sell  . and lastly there are kind of writers that will write unrealistic stuffs just to catch the attention of the readers  .  let them , bitcoin will still move on its own way  .

[1Referee]

What I don't get is why people are acting like it's such a big deal. US government doesn't like Libra and Facebook. Have we all forgot what Facebook did not too long ago? They sold you to companies and didn't tell you about it. So why would anyone like Libra or anything coming out from Facebook? Come on guys, I would attack them too.

I don't think people forgot what Facebook did (i.e. selling user data to third parties), but people simply don't seem to care anymore. I have seen various groups that have been trying to get people to delete their Facebook accounts, but it was a very short lived hype because of how people actually like the service provided by Facebook.

In the end, Facebook's core business model is selling user data, so what's there to complain about? If you sign up to their service you sell yourself to Facebook. Facebook then resells you. 

[FIFA worldcup]

Bitcoin is down almost $4000 in the last 6 days.  #rektcity

Now where do you see bitcoin down by 4000$ ?  Bitcoin is currently at 10500$ and the maximum it reached in last few days was 13800$. It is mostly trading between 10K - 12K. Also do not forgot that at the beginning of this year bitcoin was only 3.5K so we are almost 3x higher the price as it was in Jan 2019.

[yvesp110]

Bitcoin is down almost $4000 in the last 6 days.  #rektcity

Now where do you see bitcoin down by 4000$ ?  Bitcoin is currently at 10500$ and the maximum it reached in last few days was 13800$. It is mostly trading between 10K - 12K. Also do not forgot that at the beginning of this year bitcoin was only 3.5K so we are almost 3x higher the price as it was in Jan 2019.

These are momentary changes and the crypto market is very prone to such fluctuations and we have been seeing it for quote long times so it should not bother you at all. What you need to worry about is how much of the coins can you own. This is important because if you are able to own some good number of coins, the bullish market and the halving in months to come will make you a millionaire.

[stfN2128]

it's always the same. you can remember when we fall from ath lower and lower. bitcoin is dead and so on... magically most of the medias stopped to write about bitcoin... they thought its dead or what? as bitcoin started to rise again, medias paying back attention on bitcoin. this comedy show lately about btc is really funny..