Will the collapse of the media mean the collapse of cryptocurrency?

[tyz]

The media has a huge influence on the cryptocurrency market because many people invest based on the news.
If one day there is bad news about the market, the price will definitely fall

Since people have seen the influence of media into crypto market movements, that's when they start buying or selling by basing on news. But if we start tracing back when crypto has just started, there is no big connection between crypto and media and investors only used their personal anlysis when to invest in crypto. It's just only today where big personalities have been affecting much the rise and fall of crypto price.

I agree. I see it the same way. The influence of media on crypto or bitcoin price was much higher in the past. It has also decreased with the number of professional traders that have come into the market.

[RealMalatesta]

Since people have seen the influence of media into crypto market movements, that's when they start buying or selling by basing on news. But if we start tracing back when crypto has just started, there is no big connection between crypto and media and investors only used their personal anlysis when to invest in crypto. It's just only today where big personalities have been affecting much the rise and fall of crypto price.

A lot of media have been collapsed already in the past but crypto never come to an end or even in a force shut down. Crypto will definitely live for another decade and its foundation will be even become stronger.

Mainstream and other media are different things though, we need to make sure of that. There has been bad news about bitcoin at all times on mainstream media, when you open up your TV and watch you will see that it is always going down according to them or will go down according to them and that is why I do not think that it is going to be that good.

However one thing is for sure if we are talking about social media that is another topic and that could impact bitcoin very badly. Hell even news websites of crypto world like cointelegraph or similar places do end up with bad news that impacts the bitcoin world more than the TV news people because they at least know what they are talking about. So if we can separate what we mean by "media" then we can know what is exactly the real reason why bitcoin can go down, some media can impact it while the others won't.

[iTradeChips]

I remember my stance here was somewhat apologetic, in a sense that I tend to belittle what mainstream media can do to Cryptocurrency and Bitcoin. Many here are on the yes side, meaning that mainstream media will be able to destroy crypto. I remember that I defended Bitcoin and Crypto since the media and even governments tried to belittle crypto and miserably failed. This experiment with Cryptocurrency is already 12 years old and still not a single coin got destroyed by Mainstream media. So even if the "yes" men are plentiful. There would still be apologists like me ready to say "no, media alone cannot destroy cryptocurrency". Concerning the collapse of Media. I think I stated this clear, there are many types of media. Thousands of media outlets around the world. And you expect me to believe that all of them will collapse on all 200 plus countries on this planet?

[acdc]

There is a lot of media coverage of the cryptocurrency market and the collapse of one media does not have too much impact on the market.

The opposite thing will happen. If the media will collapse and there will be no parties that can manipulate the cryptocurrency use the media.
We can remember it back a few years ago and we rarely got covered by media and crypto can still exist. Crypto was a technology and this will remain forever.
I think that media will always give a very big impact to the market for sure.

Of course the media has a huge influence on the crypto market. By covering the market it can cause the market to grow or decline.
However, if a certain media collapses, the crypto market will not be affected too much.

[jaberwock]

Think of this, these days cryptocurrency price movement (btc & other altcoins) is highly affected and dependent on the media. People now follow up closely with information around the world to know when to buy and dump a coin, as a result a simple occurrence because of the media might just cause a cryptocurrency value to go up or to come down.

Do you think the collapse of the media (Say a media blackout) can trigger the collapse of the value of cryptocurrencies?

I believe there is a good chance that we could potentially survive looong after the traditional media is gone. This is why I think crypto will not be impacted because let's face it we are in social media age now and the collapse of the regular media or a media blackout doesn't phase us because those can be gone and we will still talk with each other via social media and it will be fine.

I understand some people care about reading it on newspapers or watching it on TV but those are old peoples stuff nowadays, youtubers twitter influences tiktokers reddit and many other stuff like that ends up being more important than all those tv channels. This is why I agree that social media is another level and we are not going to get social media blackout, that is not possible, even if governments ban social media we still somehow can reach it via VPN without issue.

[oemar bakrie]

The aspect of drastic change is indeed from the media, it spreads too quickly in any media, especially about the doge news which is currently being discussed a lot because people are famous and behind so many people following the information, from my opinion it is very influential aboutcrypto on social media..not only information when the price is highest..

[acdc]

There is a lot of media coverage of the cryptocurrency market and the collapse of one media does not have too much impact on the market.
I think the market is still operating normally even if the media crashes.

Definitely right, if that time will come, I don't think so that it can crash or shall we say collapse the cryptocurrency. Media is somewhat an add on or helping hand to make crypto more known and attractive to many people. It is also one way that people can learn some knowledge about it.

So far we have seen a lot of media with negative views on the crypto market, even many governments are against the crypto market.
But the crypto market is still alive and well, so the collapse of a media or a government does not mean that the crypto market will follow.

[ven7net]

Think of this, these days cryptocurrency price movement (btc & other altcoins) is highly affected and dependent on the media. People now follow up closely with information around the world to know when to buy and dump a coin, as a result a simple occurrence because of the media might just cause a cryptocurrency value to go up or to come down.

Do you think the collapse of the media (Say a media blackout) can trigger the collapse of the value of cryptocurrencies?

I don't think the media shutdown will have a significant impact on the price of BTC and other cryptocurrencies. However, you are right that the media has an impact on crypto and very often it is through the media that the crypto market is manipulated. However, what exactly do we understand from the media? If we take all information platforms of all kinds, then I do not think that I will learn to turn off all of them at the same time, since it is irrational, if only you turn off the Internet or turn off all the power.

[MoneyJ]

Unless all miners and the Internet stop working, there is no way that cryptocurrency can collapse. With huge market capitalization right now and never before DeFis applications such as AMMs, lending and borrowing , liquidity mining,  yield farming, flash loans and some other application that would be impossible to implement in a centralized finance, it is unlike that crypto will be vanquished.