This bitcoin news writer wants bitcoin price down

[bbc.reporter]

I reckon this might imply that there are whales who want to create fear to cause bitcoin to fall so they can buy or they are in a short position.

In any case, why this sudden sentiment from a bitcoin news journalist? Did JP Morgan pay for this article hehehe?


Tom Lee disapproves

The Feds Will Kill Bitcoin via Regulation

We’ve seen this before.

In 2011, the online poker world was rocked when the DOJ indicted executives of the biggest poker sites, seized the websites and froze player accounts.  It also turned out Full Tilt Poker was a Ponzi scheme in which only $60 million was available yet players had $390 million owed to them.

Barack Obama’s administration hated payday lenders, gun dealers, and pornography operators. So they attempted to shut those businesses down by choking off their access to the financial system. The FDIC threatened banks with fines and litigation unless they refused their business, while ACH houses that facilitated online payday loan transfers were shut down.

Make no mistake. The federal government wants bitcoin and other cryptocurrencies dead.

They will choke the life out of them through regulation.

Naturally, foolish bitcoin traders rushed into bitcoin and sent its value higher because they don’t really understand what Steven Mnuchin said. Now they do.

Read in full https://www.ccn.com/news/treasury-secretary-seals-bitcoins-impending-death-by-a-thousand-cuts/2019/07/15/?amp

[mk4]

Weird ass article indeed. I was expecting it to be a press release(basically you pay them to post your article), but it doesn't seem to be the case with this article specifically.

Anyway, I checked the writer's profile, and it seems that he's simply just a big bitcoin bear: https://www.ccn.com/author/lawrence-meyers/

He also has an article written titled: "Trump Says Bitcoin is Dumb. He’s 100% Right."

[bbc.reporter]

@mjglqw. Did a cryptocoin news site hire him to create a good cop, bad cop routine? When bitcoin's price fluctuation is 10% lower they put his article on the headline and when the price is fluctuating 10% higher they put a bitcoin bull's article hehehe.

[pooya87]

from the day they created this shitty site called CCN, they have been publishing articles with the same exact trend. if bitcoin is rising in the previous couple of days they will be publishing articles that talk about how bitcoin is going to the moon and reaching $100.....0 soon! and when in the past couple of days price has been dropping or even stable with sideways action they publish how bitcoin is dead and everyone is aiming to kill it and how it is dropping down to $1000!

Make no mistake. The federal government wants bitcoin and other cryptocurrencies dead.
They will choke the life out of them through regulation.

if they wanted to kill bitcoin they would have never let it grow and become this big for 10 years!

[figmentofmyass]

Make no mistake. The federal government wants bitcoin and other cryptocurrencies dead.

They will choke the life out of them through regulation.

Naturally, foolish bitcoin traders rushed into bitcoin and sent its value higher because they don’t really understand what Steven Mnuchin said. Now they do.

that's not the impression i get from the press conference. i recommend everyone watch it for themselves: https://www.youtube.com/watch?time_continue=402&v=zAICzg8ir50

it sounds like they're happy with a system of whitelisted, compliant exchanges. everything else runs the risk of being shut down though.

[mk4]

@mjglqw. Did a cryptocoin news site hire him to create a good cop, bad cop routine? When bitcoin's price fluctuation is 10% lower they put his article on the headline and when the price is fluctuating 10% higher they put a bitcoin bull's article hehehe.

I understand the reason why bitcoin/cryptocurrency related news sites post bull and bear articles when the prices rise/drop(because they garner a good amount of clicks from the newer folks), but this article specifically? It's straight off anti-bitcoin. Not even close to being neutral. It's like an article straight off written by Nouriel Roubini.

[Wind_FURY]

Bitcoin compared to poker, pornography, and gun dealers.

FUD. Bitcoin doesn't need permission, and nor does it care. It has been running for more than 10 years, and resisted all kinds of attacks against it. The Fed attacking it through regulation, will not kill it.

[Pursuer]

people like this dude need to be introduced to the long list of bitcoin obituaries to see that they are not the first idiots who came up with such nonsense about bitcoin. we may never know the true reasons behind the scene about why they keep publishing this type of stuff even though this type of FUD is starting to get real old. my guess is that some entity is paying them to publish negative stuff about bitcoin and they simply google bitcoin FUD and change some words and make an article. their employer can just be the news site itself though, it doesn't have to be a big conspiracy at work.

[jossiel]

Is this the crypto news website that was about to close a month ago correct? Well it's about differentiating articles and editorial and that made me research a bit about it.

This author sure is making these articles biased and pure editorial base on what he wants to publish and obviously he's spreading FUD.

[gentlemand]

it sounds like they're happy with a system of whitelisted, compliant exchanges. everything else runs the risk of being shut down though.

Seconded, then again everyone sees what they want to see.

The gist I got was the same it's pretty much always been - play nice, don't be naughty, anyone who does get balls deep is on their own and that's all fair enough.

[bitbunnny]

I can't fully agree with such claim, it's not the way I see it. But I guess everyone interprets news on its own way of understanding. In general I think that many Bitcoin users look at many Bitcoin news like someone wants to harm Bitcoin even when the crticism or opinion is in good intention or shows real issues and problems that Bitcoin and community certainly have.
Don't read and watch such news so much and don't bother so much with other people's opinion, that is my advice.

[Lucius]

Bitcoin compared to poker, pornography, and gun dealers.

FUD. Bitcoin doesn't need permission, and nor does it care. It has been running for more than 10 years, and resisted all kinds of attacks against it. The Fed attacking it through regulation, will not kill it.

This is main power of bitcoin, they can make any restriction they want, but at the end it would be only wasted money. What US is actually wants is to put Libra and Bitcoin in same basket, but most of us know that those coins are something completely diametrically opposite.

It is well known thing that the one who controls the media control public opinion about something, and in case of crypto related media I guess some of them are on the government payroll. They can influence our thinking, but they can not change Bitcoin white paper and some basic facts. At the end of the day all that articles are just dead letters in the digital space, with value which is zero or close to zero.

[fabiorem]

This is cheap FUD. Regulation is inevitable, and its the only way to attract institutional money. Look at how the exchanges have their prices manipulated, going down 30% in a matter of days.

The right way would be to implement a self-regulation within the exchanges, through a independent comitee, but since nobody wants to do that, governments will step in, as they always do. Of course, this on the long term will make the price stagnate, like it happened with gold and silver, but I believe we will see six digits before it happens.

[eaLiTy]

@mjglqw. Did a cryptocoin news site hire him to create a good cop, bad cop routine? When bitcoin's price fluctuation is 10% lower they put his article on the headline and when the price is fluctuating 10% higher they put a bitcoin bull's article hehehe.

We have seen these sort of bear riders in the past and it is not a big surprise, when the market is looking for a direction these media will come up with something to take the market down and they might achieve that for a while, we cannot do anything for these sort of market manipulation and it will cool down after and i am certain they will take advantage of the situation and earn big bucks with these sort of manipulation.

[el kaka22]

I understand the reasoning behind it and I can totally agree with them if it was remotely similar but this literally has nothing to do with it.

First of all pokerstars is still running and making a ton of money as well, they are giving away millions from their profits to gamblers all the time. Payday lenders are still making a killing as well, it is one of the biggest downfalls of america. The thing he talks about is that the corporations that is based on USA and government can be blamed of not doing anything about it, if the corporation moves it is headquarters somewhere else and starts to operate in places like Malta or Bahamas and what not then you can easily continue your operations.

Bitcoin doesn't even have a headquarters, what can they do about bitcoin? They can't jail the "owner" since there isn't any, they can't seize the website because there isn't one, it is decentralized and global so they can't do anything about it.

[davis196]

Every bitcoin user in the world is expecting this to happen.Sooner or later,the USA government and the Federal Reserve System will hit cryptocurrencies and will try to burn them to the ground.The important question is,when it will happen?People like Tom Lee are playing with the fears of bitcoin users for their own benefit.

[ethereumhunter]

It is happening now, and bitcoin price suddenly drops too deep than before

We don't know if that is because of the news, but I think many people have panic sell their bitcoin. I still believe that there is new hope for bitcoin to be stronger to face this situation. I think the government will use this time to buy bitcoin at a low price because they made people in panic mode.

[600watt]

I reckon this might imply that there are whales who want to create fear to cause bitcoin to fall so they can buy or they are in a short position.

In any case, why this sudden sentiment from a bitcoin news journalist? Did JP Morgan pay for this article hehehe?

[img]https://i.ibb.co/C0w3zL6/immg]
Tom Lee disapproves

The Feds Will Kill Bitcoin via Regulation

We’ve seen this before.

In 2011, the online poker world was rocked when the DOJ indicted executives of the biggest poker sites, seized the websites and froze player accounts.  It also turned out Full Tilt Poker was a Ponzi scheme in which only $60 million was available yet players had $390 million owed to them.

Barack Obama’s administration hated payday lenders, gun dealers, and pornography operators. So they attempted to shut those businesses down by choking off their access to the financial system. The FDIC threatened banks with fines and litigation unless they refused their business, while ACH houses that facilitated online payday loan transfers were shut down.

Make no mistake. The federal government wants bitcoin and other cryptocurrencies dead.

They will choke the life out of them through regulation.

Naturally, foolish bitcoin traders rushed into bitcoin and sent its value higher because they don’t really understand what Steven Mnuchin said. Now they do.

Read in full https://www.ccn.com/news/treasury-secretary-seals-bitcoins-impending-death-by-a-thousand-cuts/2019/07/15/?amp

i was really starting to get concerned about this correction not being accompanied by really scary FUD. it used to be "china bans bitcoin" and now it is "trump will kill bitcoin". a deep correction with no AAA grade FUD would scare the shit out of me. now i feel much better.

the china FUD worked for years and created lots of 40% corrections. price may go down to low $8ks. this is regular bitcoin price action and it will shake the weak hands.

trump will not try to kill bitcoin. think of him what you want, but he is not that stupid. the message is clear: u.s.gov does not want big tech to become global banking players.


long term btc hodlers not affected.

[dothebeats]

Yup, straight outta anti-bitcoiners head. Trump will never kill bitcoin, and if he does, he should have done it way before it gets big, where it can easily be controlled and contained. If they are really serious in killing bitcoin, they would go for centralized exchanges and completely shutting them off but no, they just imposed these ridiculous regulatory stuff and shooed away international competitors so as to make things 'exclusively American.' Stuff like this pops out of nowhere on CCN every now and then, specifically on times where the price action becomes somewhat dramatic.

the china FUD worked for years and created lots of 40% corrections. price may go down to low $8ks. this is regular bitcoin price action and it will shake the weak hands.

I remember that time where China's on-off bans for months affected the price severely, and this was in 2015 I think, where price tanked hard and reached sub-$200 for a brief amount of time. Good times.

[Slow death]

look at the articles he writes:

https://www.ccn.com/author/lawrence-meyers/?amp

and look at one of the articles he wrote month ago:

02/06/2019

Bitcoin is for Suckers – Fight Me

the guy hates bitcoin and altcoins, but the ridiculous is that he writes it in a site that is related to cryptos. It is a shame that ccn publishes these articles