Bitcoin being branded as a 'Meme' by Mainstream Media Manipulators

[very_452001]

CNBC, Fox, Sky News, BBC and the lot are branding Bitcoin as a Meme  

Central Banks & Government know that banning Bitcoin is Futile and waste of time so they are targeting Bitcoin at a different sinister angle.

That angle is Psychological Warfare that has been proved very effective against the masses from Hitler's Nazi Propaganda program till this day.

They know bitcoin is a new technology where youngsters and the young generations will relate to it more than over Gold/Silver that is seen to be now out of date, old fashioned investments for old grumpy men, not cool right.

Now they giving technology a cool trend meme image. Elon Musk has gained a lot of trend from youngsters because of Dogecoin and he's got a lot of young followers now.


However...


But as we all know with meme's, trends it becomes like clothing fashion where its not cool to wear it anymore and youngsters will ditch it and this can quickly reverse a btc bull bull market into a really long term bear market where the market cycle fundamentals has been forever changed according to the traditional finance rule books and markets can come back into a bull trend where its cool and trendy again like a meme not on fundamentals anymore.

What's your thoughts on this where psychological market manipulation is possible?

WSB WallStreetBets is a classic example where youngsters on Robinhood see stock symbols as memes not on fundamentals. One day Gamestop GME wont be cool anymore.





  

[Casdinyard]

They are free to conceptualise this technology whatever they want; a meme, entertainment, something promising or simply anything. Anything which is gaining popularity will earn the same thing. Some will make fun of Bitcoin simply because they do not know what it really is. Same thing happened before when the market price was still low. Many people laughed on the idea of the market price of cryptos that it will increase in the future. And look at them now, seeing how high the market price reached for a short period of time. Regrets are evident to some and that simply proves how things can turn around because of the thing called potential.

[Yogee]

.....But as we all know with meme's, trends it becomes like clothing fashion where its not cool to wear it anymore and youngsters will ditch it and this can quickly reverse a btc bull bull market into a really long term bear market where the market cycle fundamentals has been forever changed according to the traditional finance rule books and markets can come back into a bull trend where its cool and trendy again like a meme not on fundamentals anymore.

It would be interesting how many of these teens and early 20s are actually buying a portion of BTC but I don't think they have the numbers to reverse this bullrun since institutions and platforms like Paypal or Visa are still the main market drivers.

Here's an interesting article which suggests that youngsters are generally into "technologically-based investments" like bitcoin https://www.marketwatch.com/story/overconfidence-why-its-mostly-men-under-30-trading-bitcoin-11612473601 It's not just memes.

[mk4]

While there's always a possibility, I don't necessarily think mainstream media are implying that Bitcoin is a meme for their own agenda. I think it's simply the fact that most of them are just completely ignorant.

With that said, let's be honest though— there's a teeny tiny bit of truth into it. Bitcoin communities are literally meme-ing Bitcoin into global adoption, mostly through platforms like Twitter and Reddit. Also taking note that something that is being memed doesn't necessarily mean it's BS or useless. Meme-ing things to relevancy is just something in the handbook of retail investors(and the masses in general); in contrast to institutions and companies whereas almost everything is taken too seriously.

[Sterbens]

Psychological warfare using memes, it doesn't matter because with the younger generation taking part in the growth of bitcoin, they will be more aggressive in fighting back and of course their souls who still have high morale will be able to overcome the attacks of the launched institutional piahk. We all know that the current generation is easy to turn things around, didn't the aggression that stopped the Nazis stem from the dislike that was spearheaded by young people. especially in the era of highly sophisticated grobalization. I am sure they will be able to handle it.
Thank you Elon, for bringing the younger generation in and contributing to the growth of the cryptocurrency industry.

[hatshepsut93]

CNBC, Fox, Sky News, BBC and the lot are branding Bitcoin as a Meme  

Central Banks & Government know that banning Bitcoin is Futile and waste of time so they are targeting Bitcoin at a different sinister angle.

They don't need to ban Bitcoin software, they can just close Bitcoin exchange, prohibit institutions from owning it, don't allow companies to accept it as payment, and it would be enough to ensure that there will be no mass adoption and that Bitcoin will be just a currency for "nerds".

So, it really makes no sense to develop some complicated plots to combat Bitcoin if they can stop if with flicks of their fingers. But because now we have big companies invested in BTC, the governments wouldn't want to antagonize them, so the chance of ban grows smaller and smaller.

[tabas]

I noticed that most of the news recently are about those "experts" and known personalities such as CEOs giving thoughts about bitcoin. They're making headlines and articles that says bitcoin isn't an ideal payment. I have no appetite to read them but is it just a coincidence that they've made those articles that mostly contains negative thoughts about bitcoin. When they're putting negativity to bitcoin, we know that the opposite is about to come and a sign of bullish.

[Rengga Jati]

Is it really the purpose? Well, actually, this is always happening where the mainstream media always create issues about Bitcoin (and cryptocurrencies) based on what probably they are aimed to do. Sometimes, many parties are about not liking Bitcoin because of the many interests of both the government, banks, and other parties. so yes, it's not surprising if indeed they use various methods to make Bitcoin's image decline or bad.

What's your thoughts on this where psychological market manipulation is possible?

We should know that most Bitcoin lovers, holders, and also traders are not those people who care about such things. As we know, many negative issues about Bitcoin, but we still don't even care about that. What we care about is the rise of BTC, increasing-price and its value, including a focus on how the utility of this coin can be.
This is not new.
Maybe some people will be influenced by that kind of way, but maybe they are only the beginners that only enter crypto because of hype or FOMO, following someone popular.

[hugeblack]

There is a difference between the investments that thousands of people who watch CNBC, Fox, Sky News, and BBC may make, and one investment that a company or investment fund may make because of hyperinflation, a government strategy, or a zero interest level.
The movements that small investors may make may be beneficial for a small period of time, but a long prediction needs some whales.

If Bitcoin is a safe haven then it should not be affected by such speculation.

[Obito]

Let them say what they want to say, everyday there is less and less people listening to the crap this media that keeps on spouting. The people is slowly realizing that media doesn't care for the truth, they care more about the sensational stories that will perk up ears. We have to optimistic with this even though they are obviously defaming bitcoin, this defamation can be helpful for traders that are shorting bitcoin prices.

[franky1]

It would be interesting how many of these teens and early 20s are actually buying a portion of BTC but I don't think they have the numbers to reverse this bullrun since institutions and platforms like Paypal or Visa are still the main market drivers.

??dont think they can reverse the bull run??
the bull snared its horns on the 21st of feb at $58k. when bitcoin was at a 2.7x of speculative bubble above underlying value. since then it seems like the bears are on the field now.
the big players got their beef dinner. now its time for them to thank the chef and go home and take a nap.
big players dont advertise their investment interest before the deal is done as the advert would end up costing them higher prices.. so its always a buy first advertise later. then sell at the peak
yep many think its a form of pump and dump. but thats business
a true manipulative pump and dump is not jst the pump. but the dump. and whenthey advertise a sudden dislike for something they just promoted. that the dump.
(secret is they want the dump because they already sold and want the prices dwn to get back in at a lower price for more later profit)

also the main bitcoin open markets are not where most of the big players play.
just look at the markets, the market order lines are usually way under 0.1btc a line. not really holding enough volume collectively to be able to have some big player buy 50,000 coins in one month. without causing big impact
big players use private OTC services to get the big hoards. yes this ripples down to later affect the public markets. but is not a direct impact when they initially buy
by the time the markets react to a big player. the big player has already finished

its actually the small players affected by drama and speculation pushing price up. and also some smart veteran traders with bots programmed to recognise trends to play the waves.. and just go on a buying spree when prices are at under 1.3x underlying value and go on a sells spree when over 2x
so yes the teens/early 20's can affect the prices. because they are the main speculators on public markets that cause this volatile speculation due to news of events that finished days before it was news
big player elon bought his 50k btc in otc services in december..(no price drama)
millenial speculators bought small 0.1btc's on public markets afterwards collectively, reacting to news after the event
causing the jan/feb bull.
but that speculation has died down.

[verita1]

I think that this news comes from Elon Musk's wave of support for doge and the media uses these elements to spread the news but it should be momentary.
In any case, potential investors will turn to Grayscale for example to make their investments backed by safe and reliable information. Let's also remember that Michael Saylor has been invited in these media and he is a great defender of bitcoin. Maybe we shouldn't worry.

[pooya87]

It is not "psychological market manipulation" it is just their attempt at downplaying the power of bitcoin and hope that some people may fall for the story and eventually the adoption of bitcoin slows down. They are basically trying to buy time this way before they become obsolete. Sooner or later they will start their own centralized shitcoin out of desperation (some of them have already started) then after that failed they start adopting bitcoin to try and stay afloat.

[lovesmayfamilis]

I noticed that most of the news recently are about those "experts" and known personalities such as CEOs giving thoughts about bitcoin. They're making headlines and articles that says bitcoin isn't an ideal payment. I have no appetite to read them but is it just a coincidence that they've made those articles that mostly contains negative thoughts about bitcoin. When they're putting negativity to bitcoin, we know that the opposite is about to come and a sign of bullish.

I noticed that too. The recent and not the first statement by Nasim Taleb that anyone who idealizes bitcoin is equated with idiots and belongs to the group of amoebas has nothing to do with his early statements about bitcoin.

https://twitter.com/nntaleb/status/1364260212606177284?ref_src=twsrc%5Etfw

Yes, everyone can be disappointed with something, but those who actively criticize the financial system and support bitcoin, then switch to criticizing the latter, themselves are not consistent in their decisions.

[Lorence.xD]

It is not "psychological market manipulation" it is just their attempt at downplaying the power of bitcoin and hope that some people may fall for the story and eventually the adoption of bitcoin slows down. They are basically trying to buy time this way before they become obsolete. Sooner or later they will start their own centralized shitcoin out of desperation (some of them have already started) then after that failed they start adopting bitcoin to try and stay afloat.

So far, they are effective at doing that, we know how dumb some Americans are, they only rely on what is on the news, they never care for the truth. As long as their favorite news correspondent says so, they will believe anything they say. The only way to destroy this kind of psychological manipulation in the people is when the people are critically thinking and verify everything they hear and learn before believing so. I don't think that media will become obsolete, they will stay here for a long time, what they are trying to prevent is not their own but their customer base, they need the good for ears stories rather than what is really happening.

[babykika2027]

Im not sure that this is really important. Charts tell more for nocoiners than media namings

[slaman29]

Well if we're being fair, judging from what posts we can see on reddit and twitter, Bitcoin and crypto are really all about memes and people asking it to go to the moon right? Less lambos now I notice but still same amount of moonboys:)

Doesn't matter, the more mainstream media knock it, the better it goes it seems!

[Yogee]

It would be interesting how many of these teens and early 20s are actually buying a portion of BTC but I don't think they have the numbers to reverse this bullrun since institutions and platforms like Paypal or Visa are still the main market drivers.

....
so yes the teens/early 20's can affect the prices. because they are the main speculators on public markets that cause this volatile speculation due to news of events that finished days before it was news

Good lecture on the "behind the scenes" activities of big players. I should have been more specific with that comment. I meant to say they can't do it on their own. I doubt they have the volume to crash the market and those sell orders that are way below 0.1 BTC belongs to them. Can they contribute to the down trend? Yes of course.

Big players are still the main market drivers whether they do it by buying and selling on open market or by creating FOMO and FUD.

[isaac_clarke22]

~

My thoughts on the psychological effect?
Well from celebrities' influences as well were quite effective into putting some people to invest to the specific crypto to this through making memes, it is quite devastating actually.
But regardless if it is positive concept that they try to imply or not, let them be. They'll be laughing while we're earning.

[LUCKMCFLY]

Well this is to be expected, in fact they had been slow for the media to do it, if it can be a type of manipulation, they also want to show to make people believe that bitcoin is not a safe investment, that it has no backing, so so much so that they classify it as a meme, they want to continue controlling those who still do not know Bitcoin well and want to cut interest, it is common, it is possible that they are generating this type of news to cause panic and that many sell cheaply so that millionaires take advantage of purchase.

It may also be a type of strategy that they have under their control, since social networks are also difficult to control by governments, banks and enemies of bitcoin ...