Coindesk & Cointelegraph give Fake News

[Yamifoud]

Unfortunately, one of the biggest problems in the market is the lack of reliable and significant data flow. There is too much misleading and manipulative information pollution over the internet. When it comes to money, it is normal for everyone to provide misleading information for their own interests.

By now, we don't know whos gonna be trusted, even exchange reviews might be paid in order to have an interesting feedbacks to read.
This will be intentionally made just to divert peoples mind and putting its risk. This couldn't only ruin Poloniex but of the entire crypto market.

[AmoreJaz]

If the big media about crypto presents fake news, then which news media about crypto should we believe?
I am very disappointed if the biggest crypto-journalist media and trusted by large populations in the world give false news

We should not trade based on the news, none of these news! The news are a tool for the whales to trick the small investors. You probably heard before about "buy the rumor sell the news"! If you look at their news, when they fud, it's usually at the bottoms or near the bottoms. Whales never sell at the bottom, only a small trader does, they panic sell at the bottoms. Whales buy their cheap coins. When there is a good news they are usually starting to sell. Because whales have a huge amounts of coins and they can't sell everything without causing a dump. So they need some good news when dumb money starts buying. That's when they can sell a huge amounts at the higher prices. That's how it works. 

a trader should know how to get the impulse of the market before giving in to those news. thats right, some news are being manipulated to divert the attention of traders especially small timers.
i always check on coindesk, but it doesnt mean i am a believer of every article they published. up to you how far you want to believe all those crypto news and how it might help you in dealing with crypto.

[lixer]

Really surprised that some of you are still making use of the Poloniex exchange even till now . Well, let’s just say that they can’t afford to pay back the money that was lost and they have decided to pay back by allowing those that were affected to trade without fees. But, it would have been better if they paid back all these people, but since they wouldn’t, those who wants can still make use of the alternative they have offered.

As for cointelegraph and coindesk, that’s one annoying thing I hate about most of these media sites they are fond of carrying news that they are not even sure about, unless they are being paid to broadcast fake news. Another thing is that I don’t even know what they gain from broadcasting fake news like people wouldn’t get to know about it or what? At the end people always finds out. So it doesn’t make any sense spreading news that are fake.

[Bardman]

They are not entirely fake news but yeah I certainly get your point. It seems that most of the top crypto ''news'' sites write the same stories using different words and they definitely clickbait like hell. There was another story recently like 3-4 days ago about Mike Tyson using the blockchain in his new business, Fight for Fame or something like that, well, turns out it was fake and he is not involved at all, he said it himself lol.

[countryfree]

Fortunately, I'm not a victim of misinformation myself, but I've created this topic so that people won't become victims. Those 2 articles give a white hat to Poloniex, it certainly doesn't deserve it.

these headlines are pretty insulting. i scoured the articles for disclaimers about being a paid advertisement and there's nothing---shady to say the least. describing discounts on trading fees as "refunds" or "reimbursements" is blatantly false.

of course, reasonable people won't get a cent back because they won't risk keeping funds at poloniex anymore.

I know very well how they work. It's not paid advertisement, it's just content. Some big company is sending a news release and they publish it without understanding anything it. Actually, I'm sure it doesn't matter to them. They just want to publish news, and the more news they're able to publish, the better, so they need to spend as little time to possible on each news, to quickly move to the next one.

[Liquid_Gas]

Somehow, this is showing me that there's a business opportunity there: doing real journalism related to crypto. Because that doesn't exist as of today.

I remember one site attempting this, I think it might have been called Coinfire, and the geezer running it was doing crazy shit like actual research and questioning the stuff he'd been fed which didn't make him popular. He was moaning about not being able to make it pay and threw in the towel.

Let's face it, most people involved in cryptoland are stupid and greedy. There's little room for interest in intellectual rigour or truth.

Follow people you respect on Twitter. Anything beyond that is likely to be crap no matter what.

Fake news is expected in a place with so much new wealth flying around. If most people involved in cryptoland are stupid and greedy, then we get the news we deserve, right?

[rodel caling]

Both news media are the most popular and updated all about crypto related news but always remember to avoid mistakes investing don't relay in the news speculation just learn well before investing.

The two companies that you mentioned are still one of the best news provider...

Yes, that's what's scary. If those 2 fail to deliver good information, you can't expect much from the others.
I'll keep on reading The economist. I don't always agree with what they're saying, but I know that at the very least, the journalists there, have done some research before writing.

You can really differentiate a good and well searched article to a non-searched/no effort ones.If you are keen with journalism matters then you can easily spot out.

About fake news, this haven't been a new issue among these days even on traditional news site on traditional markets do have the same and what do shock me is that these sites are still on top highly being recognized to be a good news source. 

It is the responsibility of the reader to filter the news itself. Even known news websites are not free from fake news. Crypto websites are more on speculations of the writers as they can't get straight facts from the respective entities involved. So I won't expect them to publish accurate data.

That is correct news is responsible for this, but sometime we need to be carefull because nothing can get perfect ans and as I said need to analyst well the news to avoid blaming.

[dimastegar]

I rarely make news from websites as a trading benchmark because it is too risky for me. Sometimes I don't really understand what content the journalists write on their website. And I am also a person who does not easily believe in a news. I prefer news from social media for every crypto project developer that I invest in.

[countryfree]

Despite this topic and several comments, no website has corrected its article.
I guess they just don't care giving real or fake news. They just provide content to brainless readers.

[LeGaulois]

@countryfree
I doubt any of both will correct their article to give clarification. The article is already forgotten for them.

They publish so many news per hours that they can't have all these supposed journalists. Most articles, especially about news, are published by VA from tier 3 countries (it's different when it's about technical topics). Coindesk and Cointelegraph receive so many emails with free contents, they publish some but don't verify. Free content matters more than the truth sometimes.

Unless, another article is published, with maybe the correction, they won't do anything.

As for what Poloniex did with the free FX fees, I call these trolling users who lost money in.

[countryfree]

@countryfree
I doubt any of both will correct their article to give clarification. The article is already forgotten for them.

They publish so many news per hours that they can't have all these supposed journalists. Most articles, especially about news, are published by VA from tier 3 countries (it's different when it's about technical topics). Coindesk and Cointelegraph receive so many emails with free contents, they publish some but don't verify. Free content matters more than the truth sometimes.

Unless, another article is published, with maybe the correction, they won't do anything.

Yes, I know very well how they work actually. I wasn't expecting anything...
I just wanted to highlight it to those who didn't know.

As for what Poloniex did with the free FX fees, I call these trolling users who lost money in.

Thanks for your support!

[countryfree]

Cointelegraph's getting better:

https://cointelegraph.com/news/poloniex-pledges-to-reimburse-flash-crash-losses-victims-displeased

Maybe they're reading this board, I don't know but at least they have understood that Poloniex's pledge to reimburse its lenders by offering free trades was a joke.

The other media haven't published any other article about the subject, so I want to point that Cointelegraph is better than all the others.

[thesmallgod]

Sorry for your lost. It is very painful to lose such a huge amount of money to thieves. However, I don't think this is something that should surprise anyone that has experience in crypto. Not all news are true some are mere hoax but since it is being carried by top crypto news provider like cointelegraph other copycats news house will also carry it and publish rubbish. All this has both positive and negative influence on trading because it is refers to as signal.

[FIFA worldcup]

If the big media about crypto presents fake news, then which news media about crypto should we believe?
I am very disappointed if the biggest crypto-journalist media and trusted by large populations in the world give false news

We should not trade based on the news, none of these news! The news are a tool for the whales to trick the small investors. You probably heard before about "buy the rumor sell the news"! If you look at their news, when they fud, it's usually at the bottoms or near the bottoms. Whales never sell at the bottom, only a small trader does, they panic sell at the bottoms. Whales buy their cheap coins. When there is a good news they are usually starting to sell. Because whales have a huge amounts of coins and they can't sell everything without causing a dump. So they need some good news when dumb money starts buying. That's when they can sell a huge amounts at the higher prices. That's how it works. 

Also both Coindesk & Cointelegraph publish paid content from the whales and big institutions. They are only concerned with money and they do not hesitant to publish any fake news. Since there reach is to many audience and people trust them, therefore any news fake or real have a big impact on the coins.

[rdluffy]

I follow these 2 web sites regurlaly, I'll be alert to see something suspicious, but in my opinion they didn't do this to affect people, or to their own benefit, it's just a mistake
And the real problem here are not the websites, they are not the guilty about this error

[countryfree]

they are not the guilty about this error

Yes, they are. News magazines are supposed to give verified news, otherwise they're worthless.

[comchien]

Coindesk or Cointelegraph gives us a lot of news, but not all are 100% real, so I don't fully trust them and these two sources, that's why we have to learn more from Other sources, because 1 or 2 sources are not accurate enough and safe, hope you will learn from experience and have said this for people to learn more.

[eaLiTy]

This is worrying because investors need good information and 2 leading crypto websites aren't delivering. I guess they don't have any journalists.

You might see paid news in these publication and you cannot make any judgement because some publication said so, i have seen your issues with Polo and i am not sure how that will end, lately we are seeing old news being resurfacing in many leading crypto website and it is mainly due to lack of new interesting news to attract their audience and they are simply click baiting with these old news.

[Capt00]

This is worrying because investors need good information and 2 leading crypto websites aren't delivering. I guess they don't have any journalists.

You might see paid news in these publication and you cannot make any judgement because some publication said so, i have seen your issues with Polo and i am not sure how that will end, lately we are seeing old news being resurfacing in many leading crypto website and it is mainly due to lack of new interesting news to attract their audience and they are simply click baiting with these old news.

A media trick maybe. We know how it affects the mindset of new investors and hopes it won't make a big deal for them and not a way of giving them doubts. In a particular reason why they resurfacing that old news? To keep them alive and hot to the public, it should not cause it is already dead. We are facing into another side of crypto the same thing that we have to forget the past and open opportunities for the incoming.

[countryfree]

i have seen your issues with Polo and i am not sure how that will end

#MeToo!
If it ends badly for me, my only hope is that it will end badly for Poloniex too.
At the very least, their reputation is now quite terrible among traders, and I'm very happy with that.