Bitcoin Reaction

[cynical]

i think that the bad publicity can work also in a good way. i think it would make people aware that bitcoin exists and that in turn would make people investigate it and maybe some of those people would see the good side of it then. i know there is a lot of maybe's there 

[Juggy777]

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?

Quite surprising that most of the people you told were positive on bitcoins, even if say they are engineeres or job people yet that's a high percentage. I don't think we all would have such a high number lol. No you're wrong about thinking that bad news does publicity of Bitcoins, it doesn't do that, it creates negative Vibes and mindset. People don't like to hear negative things about their investments, so only positive news are required.

[salihno71]

The quote that is most often attributed to P.T. Barnum "I don't care what they say about me, just make sure they spell my name right". Bad publicity is also publicity. 99.999% of non technical users don't understand Bitcoin at all. Most of them are correlating it to some kind of criminal activities as they can read news about the ransoms beeing asked in btc. So they know about it but don't really know what is it. But they heard about it. Once they will be able to actually use it, they will probably change their opinion.

[Ilegendph]

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?

Yes, because as we compare then and now, the price of bitcoin goes up drastically and one of the reason is that many people get involved in bitcoin community which results to higher demand. Although there are times that its price goes down unexpectedly like when the issue about china banning ICOs released, we can still expect a rise in its price because of this involvement of more people in the community.

[w5pn73]

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?

Quite surprising that most of the people you told were positive on bitcoins, even if say they are engineeres or job people yet that's a high percentage. I don't think we all would have such a high number lol. No you're wrong about thinking that bad news does publicity of Bitcoins, it doesn't do that, it creates negative Vibes and mindset. People don't like to hear negative things about their investments, so only positive news are required.

I have experienced the same, when trying to explain most people don't seem to be impressed and some seem quite negative.
Maybe we need to start explaining to people who really need money  .

[harizen]

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".

90% is a great number but how much people are involved as a whole? In my case I take 70% of about 50 people think bitcoin isn't a big thing and just a normal currency or didn't even have encountered the word bitcoin.

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.

Somehow yes. Whether good or bad, a publicity is publicity. Because of such negative claims by those big people around a big company, bitcoin was given a free advertisement and traffic over the internet or even in a television.

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?

You already seen the result, at least. Those 90% of your people became aware of what bitcoin really is. Even with a negative introduction, if people really like to know more about this "thing" then definitely they will do their own research.

[umbara ardian]

for me the news is a thing while I mean if someone hears bad news bitcoin or crypto automatically they start to panic and this is where the speculators are not trained to buy or sell. they panic and they kulang experience of course the news only a glimpse of the wind through

[Pettuh4]

for me the news is a thing while I mean if someone hears bad news bitcoin or crypto automatically they start to panic and this is where the speculators are not trained to buy or sell. they panic and they kulang experience of course the news only a glimpse of the wind through

Most of these negative news are targeted at creating artificial FUD's and it's unfortunate many fall victim to them. It's just a matter time before Bitcoin recovers from its tumble but these guys immediately sell jacking the patience and hence most are found on the wrong side of trading most of the time.

[Kevondo]

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.

Yeah the price of the bitcoin was low a month ago and the people use to transact the bitcoin and the other crypto currency is also going down so it is the time to the price of the bitcoin that will increase in the coming days. The reaction of the bitcoin according to you is right and it will take the currency of the other state and the other forum go high so it is the time to earn and to invest in bitcoin to get the bright future.

[Marileno]

Bad news in this  context is simply bad news. The mainstream population will be turned off using crypto when respected market participants make assertions such as Jamie Dimon's. That can't be a good thing. The fact is most people dont understand the tech and never will, so they rely on headlines in new media for their information. If all they hear is fraud fraud fraud that will hinder the future prospects of crypto.

[jekjekman]

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?

Yes it will really drive the market up in the long run even if it is good or bad publicity because whatever is the issue in a thing it will still make a noise especially when some people that is in authority or in power is making a hate on something's that is really good then suddenly it pops and slam the face of the naysayers. Good publicity or Bad publicity, Publicity is publicity.

[IdoandWill]

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 that such news can not influence the long-term trend.
The communion bitcoin is very faithful. And in the world there is a certain number of people ready to deal with bitcoin. These people have certain parameters, such as income, employment, lifestyle, values, and so on.

These factors involve new people in bitcoin, these people create demand. And this entails an appreciation of the course.

And one, even large, interview does not change the way and values ​​of a large group of people. But for a qualitatively different growth - growth based on the use of ordinary people, and increasing the speed of turnover, bitcoin is an obstacle.

[Nameless27]

I have read or heard about this quote, “bad publicity is still a publicity”, is it logical by the way. And most celebrities is using this gimmicks to gathered attentions to masses. Is it applicable to investments or cryptocurrency itself? Yes and I don’t have no doubt that it also affect the perception of every bitcoin enthusiast and investors.

The more the bankers suffer from bitcoins popularity today, the more people will invest in cryptocurrency because of hatred towards that institution. It would be described as a “sweet revenge”. Especially to the greedy and corrupted banking system we have.

[monkeydominicorobin]

What the JP Morgan guy said is the last hurrah of banking in general. Take the case of WELLS FARGO. They defrauded their customers as a banking giant. But nobody cared about banks like JP Morgan and Wells Fargo. It is not about Bitcoin getting the publicity. It is a question of why is it getting all the publicity. Because primarily Bitcoin deserves it.

[btcprospecter]

I don't really think that there is any bad publicity. It all serves to create more awareness of crypto currency so it will drive the market up in the long term.

[cynical]

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?

bad news is still publicity and it will rais more interest good and bad in crypto. Wile dimon was spreading his fud not necessarily everyone would trust what he has to say just because he is the CEO of jp morgan.

[Red-Apple]

very interesting theory. i have never thought about it like that. and i think it can be true. imagine you have never heard of bitcoin and you first hear about it from JP Morgan CEO who in turn calls bitcoin "fraud" or something like that and someone else calling bitcoin's collapse and calls it dead. then after a while (lets say 6 months) you hear about bitcoin somewhere else and see not only price is already 2 times more than previous time you heard about it but also it is being used more too, like in being accepted by the gaming platform you always place CS:GO (ie steam). you obviously will know who was right and who was wrong!

[Opquar]

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?

Not really. This is money we're talking about. Some people are more tolerant of risks than others. Those who don't like risk will surely eat up any FUD they read and stay away. It might appeal to risk takers though. Still, if people are saying you're basically throwing away your money by getting involved in Bitcoin, then you're going to pay them attention. No one likes throwing away money after all.

[datodota002]

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 that not a good way to drive up bitcoin to bad news. in my country have happen like this bitcoin become famous because there is a terrorist who want blow up bom and get paid using bitcoin. but it's not make bitcoin user in my country become afraid using bitcoin. in fact bitcoin not growing in my country

[machinek20]

Bad news will make more people aware but not in a good way, and it can caused people to give bad judgement about bitcoin, in my place bitcoin popularity is already improving, people now recognized bitcoin as a future investment not as a criminal money anymore, but still some of my friends refuse to take part in bitcoin