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Author Topic: Why Media is negative about Bitcoin?  (Read 3067 times)
jovs
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March 04, 2018, 05:53:46 PM
 #441

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?

Media and local news are always looking for topics and scoops that would catch the interest of the viewing public, it only proves that bitcoin is really gaining popularity. that is why they are following the latest development on the status of bitcoin, whether it is positive or against it. Wait until the score between bitcoin and other opposing countries get settled, you would probably hear positive news from media, instead of attacks and bad reviews.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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macartem
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March 04, 2018, 06:06:08 PM
 #442

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 media make money on articles, and they do not care what to write about, the main thing is to have readers
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March 04, 2018, 06:14:22 PM
 #443

The reason why Media is negative about bitcoin includes the decentralization of bitcoin which practically disallow the Banks to have access to your cash  investment , which also mean no commission on all transactions concerning as many that have invested in bitcoin. And on the part of Government, No power or control over your digital currency. This arouse the negative report in the Media which might have been sponsored to ensure that many members of the public see bitcoin as a scam, as a ponzi scheme and to scare away members of the public from having anything to do with Crypto currency. Some  media that are controlled by Government were used to propagate false and  Negative reports about Bitcoin.

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March 04, 2018, 06:22:17 PM
 #444

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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March 04, 2018, 06:31:56 PM
 #445

I do not exactly. What I think of is that they want to mislead the people because they are threatened or what. Or maybe they do not want them to believe so that they can still buy at a lower price. For me, they just have their own hidden agenda.

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March 04, 2018, 06:48:01 PM
 #446

You must have heard the proverb "Half Knowledge is dangerous", the same proverb applies to the media these days. Most of the journalists have absolutely no clue about the market and they just try to scare the people off. Also, a lot of people who weren't investing in bitcoin were hoping for the bubble to burst, and they did send a wave of negative vibes across the internet.
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March 04, 2018, 07:15:07 PM
 #447

Journalists need news that will arouse interest. And negative news is more interesting to ordinary people.
But there is another option - with the help of media, large players direct the market down/up.

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March 04, 2018, 07:28:49 PM
 #448

I think that it's because media is controlled by the government. They believe that Bitcoin is a greater threat to their economies.
Bitcoin is not being showed as a negative thing because the government wants to control Bitcoin. The government could be purchasing Bitcoin along with the media.

 
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G2z_Riya
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March 04, 2018, 07:39:10 PM
 #449

Media at times to make common news more interesting make additional phrases to the news statement. This makes the news go viral and a very few know the truth behind the respective news.
braZZers123
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March 04, 2018, 07:57:08 PM
 #450

Yes, probably it is. This can be done specifically for someone else who wants to increase their money. Or even at the request of the government.

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rocketbits
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March 05, 2018, 10:48:03 AM
 #451

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?


Well the main reason is they belive bitcoin is a fraud or like a ponzi , they see bitcoin as a threat on their society which is not. And second is they dont have the right amount of knowledge they judge bitcoin on what their see.
Media always have a very impressive role in building something or demolishing that thing. History is evident for this cause that whenever people start going toward one thing that have potential to benefit them, the haters started propagandas against that thing. Likewise, bitcoins are being affected by the opposition and governments through media. Need is not to bother such negativity being spread by media.
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March 05, 2018, 12:14:07 PM
 #452

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?


Hi there coindrops , it appears that they are unbiased in that part. I think there are various types of media, some want to communicate the cons or negative about bitcoin and the entire cryptocurrency while other media seek after to tell the positve impact of bitcoin. Toward the end those media needed is to be fascinated and collect people groups feeling with the goal that they will keep on watching out for assist news that media is cooking.
andika2018
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March 05, 2018, 12:33:47 PM
 #453

In media term, bad news is good news. Sometimes when bitcoin price down, media cover it on headline and always make news about it but when bitcoin rising up, no media cover it. I think media just dont have knowledge about bitcoin and cryptocurrency
megynacuna
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March 05, 2018, 12:44:17 PM
 #454

In media term, bad news is good news. Sometimes when bitcoin price down, media cover it on headline and always make news about it but when bitcoin rising up, no media cover it. I think media just dont have knowledge about bitcoin and cryptocurrency

Bad and negative news sells and so the media pays attention to them to sell and gain attention. I know bitcoin has a lot of enemies and people who wish its  downfall so that they can push their own altcoins through and these people will chance on the least opportunity to badmouth bitcoin and create FUD's for it to fall.
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March 05, 2018, 12:46:48 PM
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 #455

Media is not negative about crypto coins but the consequences the world or people have to face or is facing for the block chain based system thats what media is raising their questions.
As already btc has been listed in the black moneys for being listed as the darkweb top payment system. People are hirinf head hunters , dealing arms,  dealing drugs and taking payment as btc.
Do you recall a memeory the last news you saw on tele or news paper that narcotics have capture drugs. If u can recall then its easy for you to make a guess if payments are being done on btc then how much money is basically invested.
These are good money the price bumps are might be like payments have been made in large chunk and then its all cashed out.
Cause falling from 20k to 8k happened so fast its worthy to taise questions on it.
I think we people should support bitcoin along witb saying ttansection and causes should be clear so that mankind wont fet under any threats.
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March 05, 2018, 07:21:28 PM
 #456

Because media really knows about the darkness the btcs has been hiding within them.
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March 05, 2018, 09:36:30 PM
 #457

In media term, bad news is good news. Sometimes when bitcoin price down, media cover it on headline and always make news about it but when bitcoin rising up, no media cover it. I think media just dont have knowledge about bitcoin and cryptocurrency
If bitcoin use to increase in price it will be rise as news on social media. I think bitcoin will be more famous because of media. It is increasing the popularity of bitcoin even more now, it is pushing the bitcoin toward fame and profit, and everything is good for the future of bitcoin.  Some channels are using the bitcoin as an adds and they are promoting bitcoin because they have large trading for their channels   so I think there is no such channels which are against bitcoin,
7788bitcoin
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March 05, 2018, 09:43:13 PM
 #458

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.
The wall street might not like the cryptocurrency market because the money is moving away from the stock market to the new market and other than that i do not see why media could spread negative news,there is skepticism from most corner because it is a new market and people will take some time to trust the new one and it is understandable. 
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March 05, 2018, 09:54:08 PM
 #459

I love watching the law discuss internet technology... when I know there's no possible way they could regulate it. I can't wait to see how bitcoin will keep the lawyers and judges and lawmakers busy, as they helplessly watch something the cannot control.
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March 05, 2018, 09:56:53 PM
 #460

Always have to remember who controls the media and governments along with the lobbyists. Companies.
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