I feel like they are only making things worse, because newbies get false hopes that get ruined by these dips, which then makes them anxious all the time. Why can't they just acknowledge the bear market? It's not like Bitcoin is going to zero, there's no shame in bear market, it's a natural part of the cycle.
i feel like the media is always just chasing price. they're often good counter-indicators. i see the same things in real markets. they hype things at the top and talk smack at the bottom, and they're always looking to explain price movements with news stories. they're just clueless about how markets work.
Exactly. The media's agenda isn't that of stirring sentiment, it's that of peddling what's likely to be read. Bull or bear serves them equally, so they don't really need to think long term or even to think objectively. Bad TA, good TA, if it's something people want to hear, they'll publish it.
I can't imagine anyone who hasn't acquiesced to the acknowledgement of a bear market. What I feel people are finding hard to let go of is the hope that we're not mired in it, and that a new dawn is just around the corner.
The corrections from last year, the maturing of the industry... finding its way and stumbling. All this has to happen and all this will take a while.
