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Author Topic: Does every mainstream media article on Bitcoin end in negativity?  (Read 1493 times)
Kemarit
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August 31, 2017, 05:57:11 PM
 #21

Here's one that I found on zerohedge. This website is extremely biased against bitcoin. Well, they are precious metal hugging to begin with.

Bitcoin's Rise To Record Highs In Context
After a two-year long bear market, bitcoin came roaring back in 2016, and has been climbing ever since.

Quote
The digital currency reached a new all-time high above $4,650 on Tuesday, an increase of more than 350% year-to-date. The sheer intensity of its gains has inspired some comparisons to the digital currency's initial run-up, which ended with the collapse of bitcoin exchange Mt. Gox in early 2014, marking the end of the first bitcoin bull market.

And in the end:

Quote
Bitcoin has made a habit out of routinely defying its most ardent skeptics. But the shadow of Mt. Gox still looms large over the digital currency market. And the risk of another bull-market-ending catalyst like a 51% attack on the bitcoin network or another major hack at one of the more mainstream exchanges could force out the week hands, sparking another precipitous drop.

http://www.zerohedge.com/news/2017-08-29/bitcoin%E2%80%99s-rise-record-highs-context

But there was one from CNBC or MSNBC claiming that mainstream media brought bitcoin closer to middle class American.

Quote
Middle-class Americans are indeed hearing about the investment opportunity bitcoin holds from mainstream media like NBC, CNBC, and other mainstream news outlets regularly, and now from family members and co-workers too.

Just find it funny that they are now owning the responsibility of bitcoin being known today as good investment platform specially for the middle class Americans.

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August 31, 2017, 06:18:56 PM
 #22

So for years now there's this running joke, that you can spy an MSM Bitcoin 'hit piece' article by either 1) the left compliment title, or 2) by the negative note left by the very last paragraph or the last line. If the headline doesn't turn Average Joe off completely, then the author must always end the article on a negative note to make sure and sway Average Joe away from Bitcoin.

Here's a typical one:

Bitcoin is more valuable than gold — but nowhere near as stable
http://www.businessinsider.com/bitcoin-price-surges-past-gold-chart-2017-8

I'll quote the very last paragraph:

Quote
Despite their similarities, there's one key difference: Gold has been much stabler than bitcoin, as we can see in this chart from Statista, which is based on data from Coindesk and onvista. So, for investors looking for a safe bet, the precious metal is still the way to go.

I beg you, find me one that breaks this format pattern and prove me wrong!  Grin
It's true, people just cannot accept the fact that bitcoin has breaken so many records that any other currency or gold, and other precious metals have not broken.  And media does this so that people will believe in it ,and then media will play their usual mind games with the people.


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August 31, 2017, 07:42:35 PM
 #23

Lets admit it; bitcoin is risky for short term investment. Mainstream media has to do that because some people would get angry if they buy at 2500 usd and than bitcoin drops to 2000usd the next day. We all know that it will increase soon or late but some unexperienced people may panic sell and blame the media because of that.

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August 31, 2017, 08:46:44 PM
 #24

We all know that it will increase soon or late but some unexperienced people may panic sell and blame the media because of that.

And who exactly is there to be blamed? It's not like an Average Joe has someone that they can 'sue' over it. They can't sue the media. Hell, you can't even sue Jim Cramer for giving out bad investment advice on TV.

Worrying about 'blaming the media' is laughable, since the media pumps out fake news every single day and real people have died because of it. They don't give a shit about real people, like at all.
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August 31, 2017, 10:57:59 PM
 #25

We all know that it will increase soon or late but some unexperienced people may panic sell and blame the media because of that.

And who exactly is there to be blamed? It's not like an Average Joe has someone that they can 'sue' over it. They can't sue the media. Hell, you can't even sue Jim Cramer for giving out bad investment advice on TV.

Worrying about 'blaming the media' is laughable, since the media pumps out fake news every single day and real people have died because of it. They don't give a shit about real people, like at all.
We are the one who decide on our decisions in market,whether to buy or sell. We should do a research or believe on such coin as much as possible or if were going to believe on media and rely only on it. It depends on us.

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August 31, 2017, 11:06:04 PM
 #26

That used to be the case but I now find that to be the contrary.
Before BTC was widely accepted it was most frequently reported as having been used on the dark web to buy illegal services. Now articles have picked up on the increased adoption and Forbes has ranked it as one of the most rewarding investments in the last few years.
Bitcoin is still in its infancy. As time progresses people's perceptive of it will change too.
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September 04, 2017, 06:45:31 PM
 #27

Ok, this new one from Business Insider is really craptastic. The author doesn't even try to cover up the FUD, nor differentiate the ICO tokens from legitimate cryptocurrencies like Bitcoin.

Here's why China's crypto crackdown is 'bigger than most people think'
http://www.businessinsider.com/initial-coin-offering-china-bitcoin-ethereum-peoples-bank-of-china-law-all-crypto-illegal-etoro-2017-9

These quotes are a real howler:
Quote
"Wording of edict makes all cryptocurrency trading illegal, according to eToro China exec;"[/i]

and

Quote
But he added: "Cryptocurrency related exchanging and trading activities are officially forbidden. If you interpret the law literally then you cannot engage in any crypto exchange — crypto-to-crypto or crypto-to-fiat."

Gotta keep up that massive negativity, keep Average Joe away forever! It's sad that these authors have sold their souls out to the Deep State controlled MSM.  Cry But I guess they are getting paid to spread worthless FUD, so good for them.
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September 05, 2017, 01:58:16 PM
 #28

More negativity from the 'Dumb and Dumber' trolling desk of Business Insider. This one follows up yesterday's article, just in case you missed the negativity from yesterday they want to make sure you hear it again today.

Cryptocurrencies are continuing to fall after China's shock ICO ban
http://www.businessinsider.com/bitcoin-ethereum-price-fall-china-ico-crackdown-2017-9

Quote from: very last line
"Further falls could be on their way, with a China-focused executive from the trading platform eToro describing the ICO crackdown as a 'huge deal.' "

As usual, they just gotta get that negativity jab in there as the exclamation point. Keep those Average Joes far away from Bitcoin!
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September 05, 2017, 03:34:40 PM
 #29

Now what happens from media about bitcoin is opposite. Because after all, media always make popularity that's becoming a global trend. As they do now, praise excellence and discuss bitcoin mission vision. Which has a positive effect, namely high demand.

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September 05, 2017, 05:34:00 PM
 #30

There are lot of positive articles on mainstream media about cryptocurrencies in Turkey (Especially coming from economy profs). So no.

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September 05, 2017, 08:12:30 PM
 #31

http://www.latimes.com/business/hiltzik/la-fi-hiltzik-bitcoin-price-20170905-story,amp.html

This guy's a real genuis
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September 06, 2017, 12:46:52 AM
 #32


Yeah, and notice how he took the time to write a friggin' book! He's gotta double down on his pontifications, ya' know?

Dinosaurs doing what dinosaurs do when the meteor (Bitcoin) hits. He'll probably be dead by the time we reach $50K/btc. From the grave he'll be saying "Yeah, but..but.. it's still a dumb investment!" <shakes zombie fist>
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September 06, 2017, 01:11:41 AM
 #33

I don't know why mainstream media always do this kind of shitty articles to make bitcoin look like it's a waste of time , they always show that supporting bitcoin is also supporting terrorism, SMH. Well, in order for you to stop bitcoin on entering mainstream media and to casual people as a  good technology, why don't you introduce bitcoin first but as a bad technology. #SmartMedia #LOL  Cool
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November 30, 2017, 04:26:01 PM
 #34

As if right on cue, the MSM starts up the negative attack articles on Bitcoin again.

Another from Business Insider:

There's a 'fatal' flaw in cryptocurrencies which means they can never be real currencies
http://www.businessinsider.com/bitcoin-cryptocurrency-ubs-wealth-management-economist-paul-donovan-2017-11

Ridiculous quotes:

Quote
In the USA right now, he said "the Federal Reserve is reducing money supply in the USA at the rate of $10 billion a month. That's because "demand for liquid dollars has dropped, and in order to preserve the value of the dollar, i.e. avoid inflation, the Fed is reducing money supply to match a reduction in demand."

"That cannot happen with a cryptocurrency," he said.


Yeah we know that, asshole. And we know that they're not really reducing the money supply at all. Bitcoin is deflationary. Also the rate of Bitcoin issuance is on a mathematical curve, not at the whim of a bunch of Fed idiots. The Fed also QE'd the shit out of the dollar to the tune of $80-100B /month for years and years, devaluing the dollar and actually creating hidden inflation. At 6-8% inflation/ yr, we haven't even begun to see the knock-on effects of all of that money printing.  Angry

Quote
Furthermore, Donovan noted, a key feature of anything that can be considered a true currency is that it must act as a store of value — essentially meaning that you can put your money into it and be reasonably comfortable that in normal circumstances its value is not going to fluctuate massively.

Cryptocurrencies cannot do that, he says.

"Bitcoin in particular has had, I think, three hyperinflation episodes this year. That is to say its ability to purchase goods has dropped more than 25% in the course of a week. That is not a particularly stable store of value."


Oh rly? I guess my net worth of bitcoin dollar value rising 20X in 4 years is not a 'stable store of value'.

Ohh no, woas me.  Cry
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November 30, 2017, 05:31:24 PM
 #35

I don't know why mainstream media always do this kind of shitty articles to make bitcoin look like it's a waste of time , they always show that supporting bitcoin is also supporting terrorism, SMH. Well, in order for you to stop bitcoin on entering mainstream media and to casual people as a  good technology, why don't you introduce bitcoin first but as a bad technology. #SmartMedia #LOL  Cool
It seems to me that this whole food is very well funded banks. They know that the first to suffer from bitcoin. The government is also controlled by the bankers, but they don't advertise. They make a pause. If the bankers manage to fan the hysteria about the fact that bitcoin is an asset for criminal activity, then the government will act to ban cryptocurrency.
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December 01, 2017, 12:26:23 AM
 #36

Oh boy, now this doozy from billionaire Carl Icahn himself.

Billionaire Carl Icahn says bitcoin is a lot like an obscure bubble involving swampland in Mississippi
http://www.businessinsider.com/bitcoin-is-a-lot-like-the-mississippi-bubble-carl-icahn-says-2017-11

Another tulips comparison, but just in a different skin!  Cheesy
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December 01, 2017, 01:12:30 AM
 #37

Rather then negativity, I would view it as a disclaimer. You don't want gullible readers suing you and telling that you misled them into investing in Bitcoin and losing a lot of money. Mainstream media are just playing it safe.

This may be the case. If the author were to persuade it's readers to invest in bitcoin, then they may get sued if these investors lose their money. As said, they could have just been playing on the safe side because they also fear the volatility of bitcoin and 'lack of security'.

However, there are many articles out there dissuading the public to get involved or invest in bitcoin. Perhaps this is simply the trend and writers just want to follow suit.
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December 01, 2017, 02:06:25 AM
 #38

However, there are many articles out there dissuading the public to get involved or invest in bitcoin. Perhaps this is simply the trend and writers just want to follow suit.

Or perhaps they actually have an agenda, other than trying to "protect the public"?
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December 01, 2017, 05:17:47 AM
 #39

because they have an agenda to push. decentralized currency is not what they are paid to push.

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December 06, 2017, 11:53:06 AM
 #40

Here's one from CNBC.com, who's normally fairly pro-bitcoin or at least neutral.

Note the bullish headline:

Bitcoin breaks above $12,000 for the first time
https://www.cnbc.com/2017/12/05/bitcoin-price-breaks-above-12000-for-new-all-time-high-record.html

but then, of course, comes the negative ending:

Quote
"For one, Stephen Roach, Yale University senior fellow and the former Asia chairman and chief economist at investment bank Morgan Stanley, told CNBC on Tuesday that he was deeply skeptical of investing in bitcoin.

"This is a toxic concept for investors," Roach, described by Yale as one of Wall Street's most influential economists, told CNBC. "This is a dangerous speculative bubble by any shadow or stretch of the imagination."

"I've never seen a chart of a security where the price really has a vertical pattern to it. And bitcoin is the most vertical of any pattern I've ever seen in my career," he added."

The message:
Stay away, Average Joe retail investors!! Stay far far away! You'll only get burned!
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