Bitcoin Reaction

[Cicada1033]

I just thought about a little theory. When I usualy tell friends or people in generall about cryptocurrencies and that they need to inform themselves about the subject the feedback is 90% positive. People realize that cryptocurrencies is the next "big thing".

So back to my theorie. In recent days there were a lot of discussions about Jamie Dimon CEO of JP Morgan spreding FUD. So if he actually gets people aware of crypto even by bad puplicity won't it be positive for the market despite causing a price drop by panic sellers.

So do you think even bad news about crypto in the wider media will drive the market up in the long run becuase it makes people aware?

[soy]

Me it is the reverse ahah, 90% of the people to whom I speak about it is not !
Either they earn too much for their lives or I do not know how to convince them ... In any case, the system takes more and more importance in the traditional press, it will surely bring back people

[Cicada1033]

Me it is the reverse ahah, 90% of the people to whom I speak about it is not !
Either they earn too much for their lives or I do not know how to convince them ... In any case, the system takes more and more importance in the traditional press, it will surely bring back people

haha okey that odd maybe it's because I mostly tell younger people who are also often involved in engineering jobs or studies.

[acyclic]

doesn't take much to get a programmer-peer to get into Bitcoin.  Just tell him/her your personal experience.  That usually gets it done.

as far as the op's theory: yes the more news of any kind the more people will adopt bitcoin

some of this is because a non-trivial amount of people hold a fair amount of gold.

and gold stinks compared to bitcoin.  portability, security,  etc

[amacar2]

So do you think even bad news about crypto in the wider media will drive the market up in the long run becuase it makes people aware?

Obviously yes any type of news can drive people's attention towards bitcoin and actually bitcoin is quite hard for some non-techy guy to understand which make people to have deep research on bitcoin before using it.

All form of media coverage is good for bitcoin but most of the media outlets are known for spreading only bad news about crypto or bitcoin.

[ahmad21]

Me it is the reverse ahah, 90% of the people to whom I speak about it is not !
Either they earn too much for their lives or I do not know how to convince them ... In any case, the system takes more and more importance in the traditional press, it will surely bring back people

Haha same is the case with me here. Most of them just end up saying that online is a scam and its not backed by anything. But yes surely these comments provide publicity to cryptos but might make their mindset negative about it.

[thebanker28]

So do you think even bad news about crypto in the wider media will drive the market up in the long run becuase it makes people aware?

While I agree there is a certain amount to be said for bad coverage being better than no coverage, I think it is important not to be complacent either. Many people have a very short attention span and if their first encounter with crypto-currencies is a "Respectable" WBanker telling them that it is a fraud, many of them may have a hard time processing any subsequent positive message.

[LeGaulois]

Ask around you if they heard recently about this reptilian telling Bitcoin is shit. And people from the Bitcoin community are now used to read this kind of thing

Bad publicity is still free advertising and good to take

[thebanker28]

So do you think even bad news about crypto in the wider media will drive the market up in the long run becuase it makes people aware?

Additionally, I may be showing my age here - but back in the early 90's I remember trying to rally some enthusiasm locally with a business gathering around internet adoption - many dismissed (and some actively resisted adopting) the internet at that time because some big wig (who's identity I dont recall) put out a message that the internet had no practical use and was a fad

[criptogoon]

I just thought about a little theory. When I usualy tell friends or people in generall about cryptocurrencies and that they need to inform themselves about the subject the feedback is 90% positive. People realize that cryptocurrencies is the next "big thing".

So back to my theorie. In recent days there were a lot of discussions about Jamie Dimon CEO of JP Morgan spreding FUD. So if he actually gets people aware of crypto even by bad puplicity won't it be positive for the market despite causing a price drop by panic sellers.

So do you think even bad news about crypto in the wider media will drive the market up in the long run becuase it makes people aware?

I think this is a good question. Since the bitcoin market is not large, large media can easily manipulate it.

And at the moment BitKoin is only protected by the fact that it is not very popular among different groups of people.

[thanthan]

I just thought about a little theory. When I usualy tell friends or people in generall about cryptocurrencies and that they need to inform themselves about the subject the feedback is 90% positive. People realize that cryptocurrencies is the next "big thing".

So back to my theorie. In recent days there were a lot of discussions about Jamie Dimon CEO of JP Morgan spreding FUD. So if he actually gets people aware of crypto even by bad puplicity won't it be positive for the market despite causing a price drop by panic sellers.

So do you think even bad news about crypto in the wider media will drive the market up in the long run becuase it makes people aware?

I still find many people think bitcoin is only used by criminals and drug dealers on the internet. It is such a pity, because if they only know the benefits that it has I am sure they would not ignore it so much.

[leonix007]

I just thought about a little theory. When I usualy tell friends or people in generall about cryptocurrencies and that they need to inform themselves about the subject the feedback is 90% positive. People realize that cryptocurrencies is the next "big thing".

So back to my theorie. In recent days there were a lot of discussions about Jamie Dimon CEO of JP Morgan spreding FUD. So if he actually gets people aware of crypto even by bad puplicity won't it be positive for the market despite causing a price drop by panic sellers.

So do you think even bad news about crypto in the wider media will drive the market up in the long run becuase it makes people aware?

It could usually go down at first, then big sharks came in and buy bitcoin at the low prices, then the price will go up again, awareness is a hard reference when some big time FUD news like mafias butt in, It was the time also that updates and forks has been implemented that makes the Fud news even more attractive to panicking sellers.

[criz2fer]

People thinks that bitcoin will really crash specially to those that are not really aware of the cryptocurrencies specially newbies. From the day I first encounter crypto, I was eagerly want to trade because it was really fast to invest, no papers needed, but not knowing the world on how to deal with the trading, I have already invest a portion of my asset.

As far as I know, since it was not regulated and people can trade with bitcoin freely, many people will lose money. The future of bitcoin will be bleak because of this kind of awareness that people will be needing that not being shared specially by the medias, BIG medias.

[iamTom123]

I just thought about a little theory. When I usually tell friends or people in general about cryptocurrencies and that they need to inform themselves about the subject the feedback is 90% positive. People realize that cryptocurrencies is the next "big thing". So back to my theory. In recent days there were a lot of discussions about Jamie Dimon CEO of JP Morgan spreading FUD. So if he actually gets people aware of crypto even by bad publicity won't it be positive for the market despite causing a price drop by panic sellers. So do you think even bad news about crypto in the wider media will drive the market up in the long run because it makes people aware?

In the long run, yes a bad publicity like the one we experienced from that man named Jamie Dimon can actually help in raising awareness for cryptocurrency in general. However, there is that short-term bad effect because there are some who look up to the man as he is a CEO of a big firm known worldwide. Anyway, he is eventually exposed as just a shameless brat because his firm is actually working with clients who are into Bitcoin.

[Kprawn]

They say, even bad Press is Good Press.... so I guess in theory you might be correct. The problem is, the attack on Bitcoin

via the media is constant. If people open the news paper or their favourite news sites and they only hear bad things, it will

not paint a pretty picture in their mind. This is why you commonly hear people saying something negative, when they get

confronted with the subject.   .....We counter this, by educating these people in the facts.  

[Pab]

A lot of people have very negative opinion about big banks and his ceo's.Big banks coused financial crisis,big banks have been found guilty of money laundering etc
Madame Legarde IMF director gave positive feedback about cryptocurrencys.It was her answer to our lovely Dimon.Sheis caling for change in current banking and financial system.People from banking industry are calling her communist.Big banks want to keep everything like it is any change,competition is danger for them
So all that is expression of his fear

[yvesp110]

I just thought about a little theory. When I usually tell friends or people in general about cryptocurrencies and that they need to inform themselves about the subject the feedback is 90% positive. People realize that cryptocurrencies is the next "big thing". So back to my theory. In recent days there were a lot of discussions about Jamie Dimon CEO of JP Morgan spreading FUD. So if he actually gets people aware of crypto even by bad publicity won't it be positive for the market despite causing a price drop by panic sellers. So do you think even bad news about crypto in the wider media will drive the market up in the long run because it makes people aware?

In the long run, yes a bad publicity like the one we experienced from that man named Jamie Dimon can actually help in raising awareness for cryptocurrency in general. However, there is that short-term bad effect because there are some who look up to the man as he is a CEO of a big firm known worldwide. Anyway, he is eventually exposed as just a shameless brat because his firm is actually working with clients who are into Bitcoin.

It always happen I must say there are hundreds of stories about all charming entities that happened in history. There are eventually notorious bugs and rumors created so that the fame of that particular entity can be spoiled enough. So, same happened with bitcoin as you said that guy Jamie did. Still, we are happy that was exposed as well and now things are okay.

[Aura]

Of course, even negative attention is attention.
If the news turns out to be false and the opposite happens, people that read the negative news will interpret it as positive on the end.

[krishnapramod]

I just thought about a little theory. When I usualy tell friends or people in generall about cryptocurrencies and that they need to inform themselves about the subject the feedback is 90% positive. People realize that cryptocurrencies is the next "big thing".

So back to my theorie. In recent days there were a lot of discussions about Jamie Dimon CEO of JP Morgan spreding FUD. So if he actually gets people aware of crypto even by bad puplicity won't it be positive for the market despite causing a price drop by panic sellers.

So do you think even bad news about crypto in the wider media will drive the market up in the long run becuase it makes people aware?

There's no such thing as bad publicity

Bitcoin or crypto market is still relatively small. So when prominent individuals representing big institutions/organizations say something negative about Bitcoin they are actually making more people aware of the existence of Bitcoin. Yeah in short-term negative news/FUD is bad, but in the long-term it doesn't matter.

As a matter of fact, I guess FUD does strengthen the market, it gets immune and then at some point individual statements wouldn't have any impact on the market.

[Immakillya]

Maybe. But there's still people who are easily panic. And i think that's normal and even on forex this happens. Cryptocurrency market has a very volatile ecosystem and small. So it can be easily collapse. So if people see a bad news. Panic sell happens causing a huge drop of price. If the cryptocurrency market is as big as foreign exchange (forex). Crypto market will be a strong market and it cannot be easily moved or collapse. But it's not forex. So you have to accept it. It is what it is. Some people are aware of that but not all specially those newbies who can't control their emotions.