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

[isaac_clarke22]

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?

No, especially for Bitcoin.
Shitcoins will cease to exist though, because people mostly get the hypes from media actually.
Bitcoin even managed run on its own regardless of the news we got recently although people think that Musk caused the recent crash, but it is not.

[Galley]

There will be no collapse. Of course, the media play a very large role and influence that they can have on their audience. And the crypto community is very susceptible to various rumors and news that can negatively affect the market situation. But the collapse is too pessimistic.

[imstillthebest]

following the news are important because it serves as a guide if what is going on to the coin your holding but it becomes a problem if they will cover a news that are false because some people reacts fast without validating it

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

whats a media blackout ? when there is no media or news  for a certain time ? i will be happy if that happen because people will be dependent can transact in their own way . there will be less manipulation and less collapse of the market .

[Gargulan]

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?

What do you mean by media? Which media are you talking about? The people I know who are interested in cryptocurrencies use the internet and the sources they can find there like websites or even scientific papers on research platforms. The rest of the media isn't that relevant for this area I thought. I have never seen it that way.

[batang_bitcoin]

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?

The only connection of media and cryptocurrency is its influence and the news that it brings. Other than that there's no connect of cryptos market and the media.
Even if there's a collapse in media, there goes the continues trading and market of cryptocurrencies and the same goes apply for the opposite.

[Brybtc]

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

Not really, how you do a total media blackout on this day an age? nobody I know who deals with crypto even older people who are new to this are watching CNN and the like, most of their info comes from social media and chat groups.

The real treat would be somebody cracking BTC or ETH, you would have a massive run to fiat from all the other altcoins trying to cash out before their coins are worth nothing and in the process the prices will plummet. This will basically destroy any confidence in crypto for years, maybe more.

[nurilham]

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

What media do you mean?
In my understanding, the collapse of the media seems difficult to happen. There are too many media that we can use, how can all the media collapse? As long as we have the internet, media will survive and the crypto world to exist in our life. We don't need to be afraid of the media, all parties support the media because it has a big role in our life nowadays.

[iTradeChips]

When I first saw the question, it raised my eyebrows and thought what kind of person asks something like this. Collapse of the media means the collapse of cryptocurrency? I mean why don't you just ask, "Will the collapse of the world be the collapse of cryptocurrency?". Do you think a media blackout is capable of stopping 9,000 plus cryptocurrencies in its tracks? And mind you we have the mainstream media and social media, you did not even stress which kind of media will collapse. Many have answered and I will stick with theirs. Collapse of media? In your dreams, mate.

[tyz]

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

What media do you mean?
In my understanding, the collapse of the media seems difficult to happen. There are too many media that we can use, how can all the media collapse? As long as we have the internet, media will survive and the crypto world to exist in our life. We don't need to be afraid of the media, all parties support the media because it has a big role in our life nowadays.

The question of the thread is so hypothetical that most probably have trouble understanding it at all. In principle, one could also ask: Would the fall of a bag of rice in China cause a collapse of the crypto markets? This question would be just as plausible

[Coroline]

I don't think so, mass media is only news for an event or situation. Keep in mind that cryptocurrency is a technology that is carried through the blockchain, of course to turn it off through even more advanced technology. The media is usually only a consideration for some people to make decisions. So it is not absolute that the media will kill the cryptocurrency world. No need to worry about the media cornering the crypto world, because on the other hand there will be media that are pro with the crypto world.

[Entei]

Well, you are certainly new and you probably don't understand why prices go up or down. The media today has some role, but it's not the most important and never has been. When a certain group of people wants a project, that group will have independent of what the media produces and talks about that project. If the media collapses the crypto world, it'll survive smoothly. For most people who are in crypto like anonymity and not exposure.

[Gargulan]

Well, you are certainly new and you probably don't understand why prices go up or down. The media today has some role, but it's not the most important and never has been. When a certain group of people wants a project, that group will have independent of what the media produces and talks about that project. If the media collapses the crypto world, it'll survive smoothly. For most people who are in crypto like anonymity and not exposure.

I agree that the media never played an important role. Maybe only when an expert or guru threw out some estimations about future prices but even then i wasn't of too much interest to anyone. The media today is even more irrelevant because most people consume their daily content in Youtube.

[Kasabus]

I don't think so, mass media is only news for an event or situation. Keep in mind that cryptocurrency is a technology that is carried through the blockchain, of course to turn it off through even more advanced technology. The media is usually only a consideration for some people to make decisions. So it is not absolute that the media will kill the cryptocurrency world. No need to worry about the media cornering the crypto world, because on the other hand there will be media that are pro with the crypto world.

Its obvious to say that media these days are affecting the value of cryptocurrency just like news from big celebrities either positive or negative give an impact to crypto. But it doesn't mean that the existence of crypto is fully dependent on the media.

Crypto has definitely its own role to its users and investors just like media which also give service to the people. But the collapse of media won't bring end to crypto. And same goes to media too which i think is too far to be dead.

[Gargulan]

I agree that the media never played an important role. Maybe only when an expert or guru threw out some estimations about future prices but even then i wasn't of too much interest to anyone. The media today is even more irrelevant because most people consume their daily content in Youtube.

Yes, consuming too much daily content on YouTube is also not good because almost all the content on YouTube is the result of editing from the owner of the YouTube account itself, because their goal is to find a lot of viewers so that editing the content is as interesting as possible which is what it will be removes the authenticity of content in general.

I wouldn't say there is a too much or too less. Media consumption is also a question of experience. Over time you will find out which sources are reliable and valuable for your personal judgment. I can say that there are a few very informative youtube channels where the goal isn't any hidden agenda but really focuses on highly quality information and education.

[J1mb0]

I don't understand your question.
If the media covers the crypto market it can make the price go up or down, but if a certain media crashes it has no effect on the market.

[verita1]

The means of social communication are necessary because it is the spokesperson for everyone because we are a society.
It is obvious that we are concerned about the powerful influence it has among us that affects all markets, especially that of cryptocurrencies, which is volatile.
We have two problems that we should not ignore is to show that the use of energy consumption by bitcoin and cryptocurrencies is not as harmful as the use of other industries and that we have the mission of contributing to the use of cleaner energy.

Every time the Chinese government announces the reduction of bitcoin mining and trading in the nation, it creates a nervousness that causes the market to crash.

There is great optimism that the price of bitcoin and cryptocurrencies will recover as good news begins to appear and thus stimulate market supply and demand.

Former U.S. Treasury Secretary Lawrence H. Summers compared crypto to gold as a safe haven asset.

“Crypto is here to stay, and probably here to stay as a kind of digital gold,” Summers said in an interview with David Westin on ”Bloomberg Wall Street Week.” “There’s a good prospect that crypto will be part of the system for quite a while to come.”

https://finance.yahoo.com/news/crypto-limps-weekend-hammer-blows-055114490.html

[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.

[makishart]

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.

[Viscore]

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.

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.

[senyorito123]

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.