Netflix to make a documentary about the altcoin side of crypto

[rdbase]

With the success of their last documentary about the ever surging interest in cryptocurrencies Banking on bitcoin was made for those who were wanting to learn just how bitcoin was created and how it was doing 7 years after the first transaction was made. As another thread was created about the netflix feature film.
I decided this news would be more intriguing to those who are in the other half of the spectrum
The alternative coin market of cryptocurrencies.

Netflix has announced they are working on a film/8 part documentary about the mysterious dark side of cryptocurrency. Well because it is in the background of the king of crypto.
There was alot of fallout in these alt coin markets due to the prices of some dropping to 95% of their value in just 6 months after those who purchased them causing people to be financially ruined.

They say this documentary will be released in 2020.
https://themerkle.com/is-netflix-making-a-documentary-about-altcoins

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[mk4]

This is going to be interesting. I can sort of already guess what scenes are going to be shown.

1. Person X invested in some altcoins at the beginning of 2017.
2. Person X earned huge amounts of money due to the bull run.
3. Person X invested a lot more in the end of 2017.
4. As the price continues to go down, person X bought a lot of dips.
5. Now in 2019, person X is now financially screwed.

[jackg]

2020 I have a whole year to wait to watch something that happened a few years ago.


@mj... They could probably start on the eth hype in 2013-15 when everyone was talking about it and said I was wrong for saying it wouldn't surpass bitcoin by tomorrow lol 😂.

But yeah those seem accurate, anyone want to speculate on the sequel?

[elda34b]

But yeah those seem accurate, anyone want to speculate on the sequel?

There's a lot of things to be shown to be honest. What about Bitconnect? I don't know if this has been documented before, but they might go for Bitconnect as it was popular. Altcoin is way too broad, probably they will only cover some general stuff or something very specific, one of them must be what happen in the bear market. There's no way this won't be covered because most people buy them with the hope to get rich quickly.

Hopefully they can stay neutral and focus on facts, not having some hidden agenda like some media out there.

[pooya87]

This is going to be interesting. I can sort of already guess what scenes are going to be shown.

i think this can go either way. it depends mainly on how realistic the people making this documentary are and how important facts are for them compared to unrealistic hype. if thy get caught up in the advertisement and the hype we may end up seeing a misleading documentary instead.

i also hope they don't focus ONLY on price! there is a lot more to altcoins than just price despite what 99% of the pump and dump ones are showing us.

[traderethereum]

6. In 2020, person X earn a lot of profit due to the bull run.

 

But I wonder why that article mention about PACCoin and not with the popular coins like Ethereum, Ripple, or other else in the top 10 positions? Or they want to promote those coin to the public? If yes, then it will be interesting to wait for the launch and watching that documentary.

[mk4]

i think this can go either way. it depends mainly on how realistic the people making this documentary are and how important facts are for them compared to unrealistic hype. if thy get caught up in the advertisement and the hype we may end up seeing a misleading documentary instead.

i also hope they don't focus ONLY on price! there is a lot more to altcoins than just price despite what 99% of the pump and dump ones are showing us.

Yeap. I hope they would find the perfect balance between showing the positives and showing the negatives. Showing slightly a bit of the money some people made(not too much to make too much hype), and showing the humongous amounts of scams as well. So people who are willing to enter the cryptocurrency space wouldn't get too turn off-ed, and at the same time, not too overconfident on the potential money they could make.

[CryptoBry]

This can be a very educational one and one that can honestly present the things that happened, are happening and even those that can happen yet in the altcoins world. I am sure that there can be some discomforting truths or realities but then again if we will not deal with these challenges then we can never look forward. There had been many people who had been burned by the unprecedented fall of altcoins values and many were destroyed financially...this is one reality that is open for the whole world to see. This can be serving as a good warning to all of us and yet can also be putting us to hope for the future. I am looking forward for this documentary of Netflix next year.

[Indrawan77]

This is going to be interesting. I can sort of already guess what scenes are going to be shown.

1. Person X invested in some altcoins at the beginning of 2017.
2. Person X earned huge amounts of money due to the bull run.
3. Person X invested a lot more in the end of 2017.
4. As the price continues to go down, person X bought a lot of dips.
5. Now in 2019, person X is now financially screwed.

I got a mixed feeling about this documentary, it could be about how alt coin ruining people's life and how unpredictable the alt coin or it can be how crypto currencies change the payment transaction system, I think this will give a lot of different reaction, if the documentary focus on the downfall in 2018 then, it will makes crypto reputation falling down

[rdbase]

6. In 2020, person X earn a lot of profit due to the bull run.

 

But I wonder why that article mention about PACCoin and not with the popular coins like Ethereum, Ripple, or other else in the top 10 positions? Or they want to promote those coin to the public? If yes, then it will be interesting to wait for the launch and watching that documentary.

I like this point because I do see potential in the alt coin market and not a complete bitcoin maximalist.
You got to stay optimistic or thinking about how your portfolio is doing every minute of every day will swallow you up whole.

[Carrelmae10]

..I will going to wait for the next film of documentary to be introduced..how i hope that they will give justice to the true facts and events on the side of the crypto world..thus, they will balance the positive and negative sides that happens in the crypto world..This will be very interesting and educational especially to those who are new and beginners of crypto..

[aoluain]

Interesting that they are doing an alternative crypto documentary. The
one they did on Bitcoin mush have been received well.

I would imagine they cover the early days of alt coins, Litecoin, Zcash
and Ethereum and cover the secrecy aspects of Monero, Dash and others
and they will probably give a slot to Ripple and then go on to cover the
ICO frenzy.

It will certainly be interesting, there will be a lot to get through in this
documentary, a lot to cover.

[Happiest]

I just hope this documentary won't cause people to change their mind on Bitcoin. Though, it nice how the movie industry is creating awareness of cryptocurrency in their own part.
Netflix is huge and this means more bigger audience are been exposed to Bitcoin.

[talkbitcoin]

I just hope this documentary won't cause people to change their mind on Bitcoin. Though, it nice how the movie industry is creating awareness of cryptocurrency in their own part.
Netflix is huge and this means more bigger audience are been exposed to Bitcoin.

people who are changing their mind about bitcoin because of something they see on TV (or on netflix in this case) would also change their mind by seeing something random anywhere else as long as the advertisement bullshit is strong enough so documentary wouldn't change anything about that.

[vintages]

"Mysterious dark side of cryptocurrency" well, it's quite true everything has it bad side and good side but I wonder how bad they might paint this "mysterious dark side of Bitcoin".
A lot of people are really painting Bitcoin bad, I hope they won't use this as a means to fabricate more false story.

[romero121]

Media always try to broadcast the negative part of the cryptocurrency network which easily gains attention. Netflix should give a clear data about the need for Cryptocurrency as well the disadvantages and the risks associated with it. If then that'll get more users get into cryptocurrency usage. Now what they've planned seems to be truly something against the network.

[pinoyden]

I just hope this documentary won't cause people to change their mind on Bitcoin. Though, it nice how the movie industry is creating awareness of cryptocurrency in their own part.
Netflix is huge and this means more bigger audience are been exposed to Bitcoin.

I just hope this documentary won't cause people to change their mind on Bitcoin.

no they wont do it . bitcoin is the most important crypto above all  . people wont forget that  alts wont be possible without bitcoin  .

Though, it nice how the movie industry is creating awareness of cryptocurrency in their own part.

maybe the directors of the movie is also a crypto enthusiast and he wants to share crypto to others by making such film  . i salute this them .

Netflix is huge and this means more bigger audience are been exposed to Bitcoin.

right  .  not only bitcoin but also altcoins  because altcoins is the topic of this documentary .

[r1s2g3]

Documentary sounds quite boring to me. What about starting a sitcom like "How I met my Bitcoins".
This can be educational and comedic in nature, telling about risk ,scams and the precaution they need to take when they are dealing with crypto.

[tomahawk9]

if the documentary focus on the downfall in 2018 then, it will makes crypto reputation falling down

So, are they suppose to lie and just say that nothing happened in 2018? They need to show the pros and cons of entering this world. They can't just show the "good side" when everyone was making money in 2017 due to the bull run, they need to show not only that but also the bear market in 2018 (as well as the legit coins and also the countless scamcoins in the market) so that those who don't understand how this market works can get a better understanding of the crypto market.

But I don't think showing what happened in 2018 would be as bad as you think, if anything it'll warn newcomers to not invest recklessly their money, I doubt it would cause a new downfall or anything like that.

[gentlemand]

Crypto has to be one of the richest seams imaginable for documentarians. It has every shade of the human spectrum - greed, triumph, stupidity, desperation, crime. I'm surprised there hasn't been more content yet.

By the time it's out it's going to be hopelessly out of date. I guess most viewers probably won't care.