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

[Rruchi man]

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?

[mobtc]

The rise and fall of currency prices are often based on consensus，
However, a lot of information comes from news on various networks. Once negative news appears, the price of the currency will definitely fall in a short period of time.
I think the media is still an important means of publicity in the currency circle.

[Bttzed03]

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

Can you classify this media? Mainstream or social? A mainstream media blackout would surely have an impact but I don't think it would be that big because there's still social media which is more powerful now. If you're going to include social media blackout, then that's going to be tough to do. That might take shutting down the whole internet.

[ethereumhunter]

I do not think that is because of the media. The crypto market will go up and down with or without media. But I admitted that media gives part to the market, such as if someone like Elon says something, that can make the price jump high or low. If the media is collapse, the crypto market will still exist and will not collapse because the crypto market will not just depend on the media. Media is just something to promote and people use the media to help them to gain more investor and supports.

[Nalbo]

No. Crypto was flourishing even without the media and with a little help of them, crypto is already mainstream and crypto is in no way dependent on media. Media lately has been involved the same way they are involved in stock markets, creating FUDs and FOMOs. But crypto is totally dependent on internet, more than the media itself. It's internet whose collapse may lead to collapse of cryptocurrency.

[makishart]

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 it can trigger the collapse of crypto. Even since bitcoin being introduced by satoshi nakamoto and there have been bunch of medias already collapse and that didn't give any impact to the value of crpto.
The media is only playing to create FOMO and FUD to the crypto. That can affect the price of crypto by introducing bad or good news but it will never make crypto to be collapse.
it will never happen dude and you should not believe such rumour.

[MoneyJ]

Far from collapsing in my opinion . The future of finance lies within the power of blockchain and programmable smart contracts. But just like media it will always be there. Sometimes low other times high so enjoy the ride.

[btc_angela]

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.

That's always been the case, it's not that we have seen first hand the effects of crypto media in our ecosystem. You can compare it to 2017 as well, where crypto media is worst, they even writes something without verifying everything. So for me the effect is just the say, if we see good news then the price will go up, and vice-versa.

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

No. The price is not reliant to media instead, still base on the traders buying/sell crypto 24x7.

[covfefe_]

Media is just doing their usual stuff of paid reviews and shilling. Most of the media are just the speaker of some business or individuals and if you are talking about social media, here's where popular people make paid opinions and whales try to pump or dump a coin. Media has indeed given a rapid acknowledgement of crypto around the world but they have not much to offer to crypto development and adoption after this.

[nakamura12]

It is not because of social media if it's about social media affecting cryptocurrency prices. Social media did help cryptocurrency being taught by those who already know it. I'll tell you something that myself know about cryptocurrency not because of social media but knowing it from someone I know. With the help of social media then discussing or sharing about cryptocurrency is shared not only on the other platform but also in social media which many people are using it now.

[Reosta_]

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

Can you classify this media? Mainstream or social? A mainstream media blackout would surely have an impact but I don't think it would be that big because there's still social media which is more powerful now. If you're going to include social media blackout, then that's going to be tough to do. That might take shutting down the whole internet.

I agree also that shutting down the social media can have much bigger impact on cryptocurrencies. Because most of the people in the world follow social media for almost everything. For example, Elon Musk's tweets are very effective on people's cryptocurrency investments in the recent times.

[tyz]

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

Certainly not. You're painting a scenario on the wall that won't happen without it having a huge effect on the entire world, not just the crypto markets. There was a discussion years ago that is very similar to your topic: what would happen if the power went out worldwide, a mega-blackout so to speak, then crypto would become worthless and unusable, and fiat would be the big winner. All such discussions are highly hypothetical.

[bitkanu]

It may not make crypto collapse but in another case that if it will be making crypto go down. Media plays a lot in the publication of crypto and this triggers the massive adoption in the cryptocurrency.
That being said that the media will have a very big impact but it will never make crypto go collapse. A few years ago crypto was not getting a lot of attention from the media and it could still exist till this day.
I think that's only a theory.

[ilovealtcoins]

I think the media is getting bigger and bigger and they also make money from crypto. Remember that Bitcoin existed before the media talked about Bitcoin. Thanks to Bitcoin, professional crypto media was established.
With the speed of development of crypto and media, it is unlikely that the crypto market and the media will collapse together.
We can only see the media may have less coverage but they will not crash the market. Cryptocurrency market makers will come up with new trends and heat the market once again. Look at ICOs, IEOs, IDOs, DEFIs or NFTs, these trends have attracted a lot of media coverage. It is a fact that if the crypto market crashes, the media will crash.

[Teraboy]

Media was only used by some parties to create FOMO and FUD. So many times media and press release used to manipulate the market with so many fake news.
This is only contributing to the volatility of crypto but media has no power to make crypto becomes collapse. I think that you should know that if the tech will exist forever.
Crypto was starting from nothing to something. Media was only taking the advantage of it.

[udidrone]

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?

If media means news company, i don't think it can cause crypto collapse. Information can be found anywhere even in a little forum. For me, with media or not, as long people stay with bitcoin and other crypto, it will be not a problem then. Internet is still vert wide if we want to look about something.

[Ridwan Fauzi]

I guess not, they are just mediator. If the content that they serve is valid then that you think will be right, it means there is a main factor be it an adoption or crypto currency not a great place for an investment or a good tool to use. But, if the content that they serve is not valid, I mean they are trying to make FUD and make all crypto currency price decreased then it will just for a while. The crypto user will buy more when its price is low, take a look when bitcoin touched $3500 they were a lot of people who bought it and make another all time high like now.

[Atang Sulaeman]

with the media or in the absence of cryptocurrency media there will always be a strong community that will certainly continue to grow and will never back down because there will definitely be other altcoins to come. so the media is not a factor in determining the success or failure of an altcoin.

[BChydro]

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

Is it even possible to have a media blackout and does it really have anything to do with the market valuation. In the past each and every news coming out of China had an impact on the market now what i have seen is that any tweets from Elon Musk is creating a buzz in the market, what i think is that these are momentary and it will change. The only concrete thing i can say is that when the institutional investors starts selling then it can trigger a collapse and nothing else.

[leea-1334]

It has always been highly affected by the media. The media spins stories all of the time,,, but let us admit it, it works both ways.

Media did all the hype news and helped to drive fomo and we were happy. Then media also did all the Fudding news and we were unhappy.

Why not just accept that the masses (us) still read and want to believe the media so just enjoy the rollercoaster and stick to our beliefs about crypto?