Bitcoin and the power of media

[Bagaji]

The media as the fourth estate of realm, play a very critical role in creating awareness on issues surounding crypto currency and the need to popularize it beyond its current status. In most part of the world individuals and institutions are skeptical about bitcoin and it's acceptance as a legal tender. Hence the need to explore and leverage on the enormous power of media on propagating and putting crypto currency issues on the front Bonner. However, considering the fact that the media exist to inform, educate, mobilize and enlighten societies, which other vehicles or means could best serve the purpose of setting agender on a phenomenon as important as the rising prominence of crypto currency?

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[coolcoinz]

The internet is a medium, so it includes almost every possible way the cryptos are promoted. It happens mainly because this is the money of the INternet, so both transactions and promotion is being done online. If you're asking about other ways of spreading the word, probably spoken word would be the second greatest. Gossip travels fast and a word from a friend, or even better a mentor, sinks deep.

[Sundark]

Standard old fashioned media like tv stations, gazettes & magazines have their own agenda. Every news source is controlled by someone rich and powerful.
We need to use alternative method of spreading the news about cryptocurrency and hopefully we have Internet. That is the only medium where we can have semblance of free speech nowadays.

[buenav]

Standard old fashioned media like tv stations, gazettes & magazines have their own agenda. Every news source is controlled by someone rich and powerful.
We need to use alternative method of spreading the news about cryptocurrency and hopefully we have Internet. That is the only medium where we can have semblance of free speech nowadays.

The internet is great but the media brings bitcoin mainstream. If you want bitcoin to truly be a common currency around the world you need to present it to people in a way the average technically incompetent person can understand and that typically happens through TV.

[giveen]

Power of media is the best way of advertising and there is no doubt that bitcoin was the lucky one to get the exposure from this very powerful tool. It not only helped bitcon but help all the crypto currencies in general. I'm pretty sure soon we are going to see news outlets comparing eth with bitcoin and saying that it is surely next bitcoin and best time to invest. In other words social media has made btc reach 3000$

[BTCforJoe]

If I'm going to be honest, I think that the newfound cryptocurrency legalization in Asian countries like Japan and South Korea will lead to a lot more "user-friendly" websites, guides, ebooks, and apps that will help the average person get more familiarized with how to use Bitcoin, not how it works. HUGE difference.

I'm fairly tech-savvy, as I've been around technology since the late 90's, and Bitcoin took a while for me to understand. The media has thus far focused on news related to the effects of Bitcoin, and not really about the technology or security advantages of it. I believe that's simply because they don't understand how Bitcoin works.

If we're going to have any long-term staying power, the community is going to need to learn how to use Bitcoin, not how it works. Let's take banks, for example. Not many people know about how banks operate, what their internal procedures are, what happens to your money once it hits their vaults and private ledgers, etc. All we know is that we deposit $100 into our accounts, and we could use that $100 at a later time as we see fit. Do we understand how banks work? Nope. Don't need to. We just know that we can use our money (for the most part) when and where we want.

Electricity is the same way. Do we understand the circuitry and engineering behind how our light switch is connected via wires to a voltage regulator that has a light bulb attached to that? Nope, because we don't need to. All we know is that when we flip the light switch, the bulb turns on.

Bitcoin should be the same way, and until the media power houses start focusing on the uses of Bitcoin and what it can be used for, rather than trying to teach us about the technology behind it, Bitcoin won't become a commodity like we want it to become. From most of my experiences with Bitcoin in the media, there has always been a negative connotation to the stories they produce.

Simplify Bitcoin. More websites need to publish how to use Bitcoin, rather than how it works. My thoughts.

[mrcash02]

Traditional media has a big power over people's opinions. They know it and they use it very well and those who wants to be on the top of the world know about it also, they know the media has a price and what they do is to pay this media to spread their interests.

Crypto-Currency isn't a powerful's desire yet, if they can destroy it, they will, but sooner or later they will try to command it and that is the most dangerous part, it's when the media starts talking about BTC with a more friendly speech.

If you want to really educate yourself, only approaches to independent sources of informations, from really trusted people that aren't "for sale". You can find it on the internet, the best currently source of information.

[tues]

If I'm going to be honest, I think that the newfound cryptocurrency legalization in Asian countries like Japan and South Korea will lead to a lot more "user-friendly" websites, guides, ebooks, and apps that will help the average person get more familiarized with how to use Bitcoin, not how it works. HUGE difference.

I'm fairly tech-savvy, as I've been around technology since the late 90's, and Bitcoin took a while for me to understand. The media has thus far focused on news related to the effects of Bitcoin, and not really about the technology or security advantages of it. I believe that's simply because they don't understand how Bitcoin works.

If we're going to have any long-term staying power, the community is going to need to learn how to use Bitcoin, not how it works. Let's take banks, for example. Not many people know about how banks operate, what their internal procedures are, what happens to your money once it hits their vaults and private ledgers, etc. All we know is that we deposit $100 into our accounts, and we could use that $100 at a later time as we see fit. Do we understand how banks work? Nope. Don't need to. We just know that we can use our money (for the most part) when and where we want.

Electricity is the same way. Do we understand the circuitry and engineering behind how our light switch is connected via wires to a voltage regulator that has a light bulb attached to that? Nope, because we don't need to. All we know is that when we flip the light switch, the bulb turns on.

Bitcoin should be the same way, and until the media power houses start focusing on the uses of Bitcoin and what it can be used for, rather than trying to teach us about the technology behind it, Bitcoin won't become a commodity like we want it to become. From most of my experiences with Bitcoin in the media, there has always been a negative connotation to the stories they produce.

Simplify Bitcoin. More websites need to publish how to use Bitcoin, rather than how it works. My thoughts.

just know am finding this thred. no intentions in reviving. just what to give this post a thumbsup, if i had merit id give you some, well put man.

[tosindesign]

the media is powerful tool that can destory any thing you plant. top guys use media to influence economics of the world. they control media when they want to invest in something by bringing the price down.bitcoin price only comes down when there is media attack which is good signal to buy in the dip because the top rich investor have a target where they want to coming

[zxl912157]

Media has a big role to form trust and the media is also capable of excessive panic effects. The media can be used to spread fud to suppress the price of Bitcoin.
so far media have done everything they want.

[AliMan]

Media has a big role to form trust and the media is also capable of excessive panic effects. The media can be used to spread fud to suppress the price of Bitcoin.
so far media have done everything they want.

Media has a big role to form trust and the media is also capable of excessive panic effects. The media can be used to spread fud to suppress the price of Bitcoin.
so far media have done everything they want.

Yes it's true. Almost everyone you know use the internet, watch tv and use one or two social media sites. Some spend much time on the internet and on these social media sites that is why media has a very power influence on people especially on issue or topics that trends on media. But the effect on bitcoin can be positive or negative depending on what side they are and what image of bitcoin they show.

[vv181]

considering the fact that the media exist to inform, educate, mobilize and enlighten societies

or combined, to be exact manipulate people.

which other vehicles or means could best serve the purpose of setting agender on a phenomenon as important as the rising prominence of crypto currency?

I don't think cryptocurrencies needs a help from any media instances, remember, Bitcoin popular without any branding and marketing. Cryptocurrencies will survive on its own without any media intervene.

[RoftheN]

The fundamental issue with the approach of mainstream media is that the media outlets tend to explain every price movement of Bitcoin with the same method of evaluating the price trend of stocks.

[nitrousteam]

Media has a big role to form trust and the media is also capable of excessive panic effects. The media can be used to spread fud to suppress the price of Bitcoin.
so far media have done everything they want.

Media is the one to blame or to thank for so big base of the investors in the crypto market. Media is in 80 percent spreading bad news for the common people which even haven't heard about the cryptocurrencies. Till now the 70 percent of the people are aware of the cryptomarket and we can thank the media for that. 30 percent are investors and the number is rising because of the media.
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No matter if the news is bad the influence on the common people is drastically high and sooner or later the bad news is analyzed by the ordinary man which can soon seize the opportunity and gain the profit with the smart investment.

[mostkey]

all media have an important role to increase the popularity and awareness of the community towards bitcoins and digital assets. perhaps for now many people will start to read about bitcoin. that's the reason why bitcoin enthusiasts are getting bloated. I hope bitcoin continues to advance in the world of crypto digital assets

[liuqi]

considering the fact that the media exist to inform, educate, mobilize and enlighten societies

or combined, to be exact manipulate people.

which other vehicles or means could best serve the purpose of setting agender on a phenomenon as important as the rising prominence of crypto currency?

I don't think cryptocurrencies needs a help from any media instances, remember, Bitcoin popular without any branding and marketing. Cryptocurrencies will survive on its own without any media intervene.

Media intervene is occur in many times in crypto platform. Because most of the news channels are supporting and againsting the Cryptocurrency it is one kind of marketing but media is expecting TRP rating so both are benefit in same time. All the cryptocurrencies are survive in some support in back side.

[daarul50]

Lately, the price movement of bitcoin is always influenced by the media that bring up the news about crypto good or bad news (FUD) but it can not be denied because media is a powerful tool to influence people's mindset with the title of news that they come up. However, as a user I am actually disappointed with the media that always provide negative news about crypto because it will obviously affect people new to crypto who are vulnerable to influences by whatever news is raised

[xuv500]

Media is one of the medium to promote any thing which is nothing as worth to people and in the same way a good thing as nothing exposed to people, media is a powerful tool to make anything possible and that has to be used cautiously and effectively. Bitcoin has spread to people by media not in a good manner but by creating negative news spread across the world. This has to be changed and media should make people understand about Bitcoin's benefit and usage technology I think.

[WUUEX79]

But sometimes we are disappointed with information published by the media especially traditional media, they often spread False News (public lies) or often called FUD. Honestly, for me the media will not contribute proportionally they are just media easily enslaved by government or people who have a lot of money.

[swissgang]

With lots of decentralized platforms, few of them will probably news site about crypto. The control of the power will be in hands of all people then there will be only few wrong news.