Media's asymetric bitcoin coverage - where/when is the crash ?

[a-dalora]

In the last 24 hours bitcoin's exchange rate to the dollar has climbed by 12% .

While there is allways big media coverage in the mainstream press every time the price dips,

there is no equivalent reportinh now the other way around.

If prices are rising, there are warnings about a bubble,
if prices are falling, there are statements that this will be the crash.

Why does media harm it's customers and why do customers pay such people ?

 

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[Jashhh]

In the last 24 hours bitcoin's exchange rate to the dollar has climbed by 12% .

While there is allways big media coverage in the mainstream press every time the price dips,

there is no equivalent reportinh now the other way around.

If prices are rising, there are warnings about a bubble,
if prices are falling, there are statements that this will be the crash.

Why does media harm it's customers and why do customers pay such people ?

 

Same reason as always. They don't understand it, so they're rather see it as a risk than a possibility. Fueled by the economical crisis several years ago, that was led by some bubbles as well.

[cryptonoob312]

Media need hype. That's why no matter what happens they make sensation out of it. Also media is usually controlled by governments or businesses that usually lobby cryptocurrency banning. As it was said above some media even have no idea what is cryptomarket and how prices are formed.

[zwtnkpknbd]

I do not believe this unscrupulous media, they will only promote the shortcomings of bitcoin, but also the infinite shortcomings of bitcoin amplification

[a-dalora]

Media need hype. That's why no matter what happens they make sensation out of it. Also media is usually controlled by governments or businesses that usually lobby cryptocurrency banning. As it was said above some media even have no idea what is cryptomarket and how prices are formed.

But they do not make a sensation out of a 12% rise in price as happened today. This is what I meant with asymmetric coverage.

I do not think that even finacial media has any idea how ordinary financial markets are working.

[fiulpro]

I think it's just because bitcoins didn't showed that much difference in dollars also when they did..they climbed pretty fast..up.. media.. don't think it's relevant reporting every now and then.. because all these ups and downs are just a part of bitcoins.
Thus I think they didn't bothered about it much.