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Author Topic: Why Media is negative about Bitcoin?  (Read 2733 times)
coindrops
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February 08, 2018, 05:19:39 AM
 #1

Whenever a government announces to regulate bitcoin or cryptocurrency or whenever BTC price is in downfall, most of the media start to warn everyone not purchase or invest in Bitcoins.
https://www.bitex.in/a-class-of-indian-media-unnecessarily-damaging-bitcoin-reputation/


What is the reason for doing this? Do they intentionally do this so that even they can invest in Bitcoin and make some profit?
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February 08, 2018, 05:48:29 AM
Merited by Vannie12 (1), Psalms23 (1)
 #2

Whenever a government announces to regulate bitcoin or cryptocurrency or whenever BTC price is in downfall, most of the media start to warn everyone not purchase or invest in Bitcoins.

the media earn money with news that provoke panic or very enthusiastic, in short... the media make money publishing news that has a big impact.

Did you see when the bitcoin price was $18,000 what happened? all news channels were talking well of bitcoin, if today the news channels are talking bad bitcoin is because they need news that have some impact.

if you do not have great good news about bitcoin, then the media will post bad news.



get used to it because this is something that happens with everything that is popular (in this case, bitcoin is popular)


What is the reason for doing this? Do they intentionally do this so that even they can invest in Bitcoin and make some profit?

well I've answered these questions and just to add: imagine that tomorrow you become the only person on the planet with superpowers, you would be on the cover of the newspaper every day and the critics would surpass the compliments

Eros1on
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February 08, 2018, 06:05:03 AM
 #3

It's very simple, the media will only report malicious reports, they don't have bitcoin, they can't see that we bought bitcoin and made money, and the news in the media is mostly eyeball.


MisterPrada
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February 08, 2018, 06:10:45 AM
Merited by savushkinTA (5)
 #4

You must understand that the majority of the media is controlled by the same powers that control the western central banking system. Bitcoin being a finite, decentralized, transparent system is inherently against the current centralized private banking regime. As such, there are countless articles that cast negativity on Bitcoin, but fail to make any strong arguments. These articles are propaganda at best. It is crucial to read critically during these times.
jdl0930
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February 08, 2018, 06:23:50 AM
 #5

Media is become negative about bitcoin cause they want to ride in popularity of bitcoins. They create nonsense reports that will made them to become famous all over the world. Many media people want only to be known.
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February 08, 2018, 06:28:48 AM
 #6

Because of there is no any control over the bitcoin or crypto currencies.  Even there is no any governing body.  Further more there is a huge unpredictable risk in this.
VitKoyn
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February 08, 2018, 06:30:22 AM
 #7

Whenever a government announces to regulate bitcoin or cryptocurrency or whenever BTC price is in downfall, most of the media start to warn everyone not purchase or invest in Bitcoins.
https://www.bitex.in/a-class-of-indian-media-unnecessarily-damaging-bitcoin-reputation/
What is the reason for doing this? Do they intentionally do this so that even they can invest in Bitcoin and make some profit?
The reason is just two things. First, the media didn't understand the announcement of the government and reported it wrong, meaning it is just a misunderstanding or they intentionally did it because there is someone that pays them to spread false news and FUDs for Bitcoin price to drastically drop. But this is not happening only with cryptocurrencies but also happening in different kinds of news/reports. People are now more active in web/internet and some media are taking advantage of it to spread fake news and earn money. This is why we should always double check if the news we see are legit and find other source because we can not trust media on every news they give.

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February 08, 2018, 06:32:20 AM
 #8

I think a story about bitcoin going down is more exciting than story predicting bitcoin would go up. So I think they do this to attract more viewers and readers.
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February 08, 2018, 06:38:28 AM
 #9

Actually it is not the media who are negative about Bitcoin, it is the people behind media, the people who paid the media to spread negative news about it. There are people who wants to control the price of Bitcoin by spreading FUD and fake news. Some of them wanted the price to go down so that they can buy it on a cheaper price while some of them wanted to destroy Bitcoin.


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Taqi Ahmad
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February 08, 2018, 06:47:37 AM
 #10

Because it is made by people who dislike to bitcoin. So, the people always make trouble of it so as that users of bitcoin become afraid and worried, then through negative media, the value of bitcoin become lower than before. However, bitcoin is still uptrend in virtual currency.
princesspoppy
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February 08, 2018, 06:53:13 AM
 #11

Whenever a government announces to regulate bitcoin or cryptocurrency or whenever BTC price is in downfall, most of the media start to warn everyone not purchase or invest in Bitcoins.
https://www.bitex.in/a-class-of-indian-media-unnecessarily-damaging-bitcoin-reputation/


What is the reason for doing this? Do they intentionally do this so that even they can invest in Bitcoin and make some profit?


It is because media are influenced by government and politics. Some medias are controlled and payed by government to spread news about bitcoin - risks and negative impact that might  happen if bitcoin falls. Because media has wide range to influence people, government use media to spread negative news to brainwash people who wanted to invest in bitcoin and to people who already invested to bitcoin to have doubt about the capabilities of bitcoin to change someone's life.

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February 08, 2018, 06:53:57 AM
 #12

I truly think this is all about manipulation of the prices and the global financial companies wanting to get their fingers in the pie. Let's not also forget the recent decision to allow futures trading on Bitcoin. The likes of CNBC are just mouthpieces for the likes of Goldman Sachs, JP Morgan etc and the information they give is designed to transfer money from the hopefull to the informed.

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February 08, 2018, 06:56:06 AM
 #13

the media earn money with news that provoke panic or very enthusiastic, in short... the media make money publishing news that has a big impact.

Did you see when the bitcoin price was $18,000 what happened? all news channels were talking well of bitcoin, if today the news channels are talking bad bitcoin is because they need news that have some impact.

if you do not have great good news about bitcoin, then the media will post bad news.

Well said. The media has to talk, either negatively or positively.

ChickenDuck
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February 08, 2018, 06:56:22 AM
 #14

Media is the tool of big whales to control the market.
When they want to make people FUD and panic sell, they will use media to warn people.
Now is the time for whales to make people sell of so that you can see lots of bad news in media. Then big whales after cash-out can now ready to buy back.

Whenever a government announces to regulate bitcoin or cryptocurrency or whenever BTC price is in downfall, most of the media start to warn everyone not purchase or invest in Bitcoins.
https://www.bitex.in/a-class-of-indian-media-unnecessarily-damaging-bitcoin-reputation/


What is the reason for doing this? Do they intentionally do this so that even they can invest in Bitcoin and make some profit?

Michellekking
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February 08, 2018, 07:00:59 AM
 #15

I think now the currency has not been recognized global government, it is scattered, so someone will think through the media to spread some bad news about the COINS to control the price of the currency, and to gain profit
The media is only controlled by some people, and the abominable thing is to hide behind the people who have been kicked behind the kick.
morata
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February 08, 2018, 07:02:54 AM
 #16

Bitcoin is a limited, decentralized, transparent system inherently against the current centralized private banking regime. Thus, there are many articles that make negative on Bitcoin, Actually not a negative media about Bitcoin, it is the people behind the media, the people who pay the media spread negative news about it. There are people who want to control the price of Bitcoin by spreading FUD and fake news.

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krishnaverma
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February 08, 2018, 07:07:22 AM
 #17

Whenever a government announces to regulate bitcoin or cryptocurrency or whenever BTC price is in downfall, most of the media start to warn everyone not purchase or invest in Bitcoins.
https://www.bitex.in/a-class-of-indian-media-unnecessarily-damaging-bitcoin-reputation/


What is the reason for doing this? Do they intentionally do this so that even they can invest in Bitcoin and make some profit?


There had been a number of online scam which run away with investors money. Seeing the huge returns involved with Bitcoins, it also looks suspicious to many. As a result, media tries to make people aware about Bitcoins as well. Only thing is that they need to do more research before coming up with the news as it affects the prices.

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February 08, 2018, 07:15:19 AM
 #18

Whenever a government announces to regulate bitcoin or cryptocurrency or whenever BTC price is in downfall, most of the media start to warn everyone not purchase or invest in Bitcoins.
https://www.bitex.in/a-class-of-indian-media-unnecessarily-damaging-bitcoin-reputation/


What is the reason for doing this? Do they intentionally do this so that even they can invest in Bitcoin and make some profit?

in my opinion, in the world of crypto a lot of games. and maybe this is one of the games done to make a commodity or bitcoin holders will panic so they will sell bitcoin. and this is their chance to reap the benefits of investing because bitcoin is a very valuable asset and is still a great technology for the future.
be patient..
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February 08, 2018, 07:18:01 AM
 #19

Whenever a government announces to regulate bitcoin or cryptocurrency or whenever BTC price is in downfall, most of the media start to warn everyone not purchase or invest in Bitcoins.
https://www.bitex.in/a-class-of-indian-media-unnecessarily-damaging-bitcoin-reputation/


What is the reason for doing this? Do they intentionally do this so that even they can invest in Bitcoin and make some profit?


There had been a number of online scam which run away with investors money. Seeing the huge returns involved with Bitcoins, it also looks suspicious to many. As a result, media tries to make people aware about Bitcoins as well. Only thing is that they need to do more research before coming up with the news as it affects the prices.


Actually, Media only uses Headlines that can easily be sold. Wouldn't it be more sellable if you use a headline "Bitcoin a Scam" than to "The LN and whats the use of it." They tend to use negative news of bitcoin/Crypto because it generates more clicks for the readers.
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February 08, 2018, 07:28:14 AM
 #20

Just like any other 'trend', Bitcoin and other cryptocurrencies aren't far from them. You must know from the beginning that half of the media is washed up. They are being paid to tell lies on both national TV and their own news websites. This isn't new. Listen, the people that's behind every media oultlets are the worse kind. They believe in only what they want to believe. Let them bash for now. But don't worry because in the near future, we are the ones who's going to laugh at them.
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