A reminder about the media

[coolcoinz]

I'd like to remind those of you who feel wear down by the  market and the media headlines make them feel even worse.
You wake up, check the news and get served a bunch of FUD about bitcoin. Then you go to youtube and get another dose because most bitcoiners there turned into bearish haters.
Here's a quick reminder that they're wrong every time and always follow the trend.

09 November 2021
Bitcoin (BTC) At New ATH, Key Factors Showing Why We Are At Beginning of the Mega Bull Run
https://cryptonews.net/en/2576747/

12 November 2021
Bitcoin due to hit $90K 'in coming weeks' despite pullback — Latest technical analysis
https://cointelegraph.com/news/bitcoin-due-to-hit-90k-in-coming-weeks-despite-pullback-latest-technical-analysis

Stay strong and don't follow the media

[krishnaverma]

I'd like to remind those of you who feel wear down by the  market and the media headlines make them feel even worse.
You wake up, check the news and get served a bunch of FUD about bitcoin. Then you go to youtube and get another dose because most bitcoiners there turned into bearish haters.
Here's a quick reminder that they're wrong every time and always follow the trend.

09 November 2021
Bitcoin (BTC) At New ATH, Key Factors Showing Why We Are At Beginning of the Mega Bull Run
https://cryptonews.net/en/2576747/

12 November 2021
Bitcoin due to hit $90K 'in coming weeks' despite pullback — Latest technical analysis
https://cointelegraph.com/news/bitcoin-due-to-hit-90k-in-coming-weeks-despite-pullback-latest-technical-analysis

Stay strong and don't follow the media

These media predictions is like a cricket toss with only two possibilities. It can come true also but you are right that these are not reliable. One should do his own research before investing in any coin.

[dimonstration]

Is the news outlet finally turning to mega bearish? The last time I read news was they are expecting a recovery since Bitcoin is consolidating around 15k to 16k price area. 

News outlet usually just follow the trend the market since that’s what people want to see. People wants to see the price to go lower on bear market since they want to buy cheaper price. This is what media outlet feeding to crypto people to attract them to read there articles. It will not hurt to play safe but following news is really the dumbest thing to do specially on trading.

Good catch on that news.

[kryptqnick]

Checked the pricing after these dates. Oh wow, they were extremely wrong and totally missed a start of the bear market. That, of course, doesn't mean that this time around we'll have the opposite situation, as the bear market may well continue into the next year. But it's indeed a good reminder that the media make terrible mistakes when it comes to predicting the price of Bitcoin, and that price predictions aren't scientific in nature. There's no science-backed way of making such predictions, and thus anyone is as good as anyone else in this matter.

[Ultegra134]

News outlet usually just follow the trend the market since that’s what people want to see. People wants to see the price to go lower on bear market since they want to buy cheaper price. This is what media outlet feeding to crypto people to attract them to read there articles. It will not hurt to play safe but following news is really the dumbest thing to do specially on trading.

I couldn't have said it better myself. I've also noticed this pattern in news coverage. When the market is bullish, excessively optimistic predictions keep popping up, and the exact opposite thing happens during bearish periods. News and predictions mostly follow market trends, just like you said. I don't see any valid reason to take them into account. I don't even bother reading any kind of analysis or news anymore. That keeps my mind at peace. Although Bitcoin has taken a hit due to the FTX fall, it's perfectly normal since the cryptocurrency world has taken a solid hit with it being one of the largest exchanges worldwide.

[elda34b]

Media is a good contra indicator if you can see the pattern. If you're super optimistic outlook or very bleak portrayal of the market, prepare for the opposite to happen or wait for the sideways. I remember there is a site that collect news articles on this topic but I can no longer find it. Twitter is the main echo chamber these days, if that website is truly gone maybe we won't see such an accurate contra indicator in the future. Of course, at the end of the day it is just a prediction, it may or may not come true.

[JeromeTash]

Media houses don't give a damn what Bitcoin price might be tomorrow. They care about numbers of clicks and money from ads.

Ever notices how so many media houses go quiet on Bitcoin during the bear market but then start making daily news about Bitcoin when it goes up and most of the content is usually just FUD with so many clickbaits.

[DdmrDdmr]

One of the core factors behind is the need to generate articles very frequently, something that has multiplied over time as more media write about bitcoin news. This urge to publish paves the terrain for articles being spun with no solid fundamentals, many entering the speculative area base upon this or that analysis or prediction pulled out of the backside slit. On other occasions the news may be imprecise, misinterpreting what the original source really states, or decontextualizing it, causing the part to be taken for the whole. That is when we don’t get to see articles about how bitcoin has gone up 0,x% today, which are pointless.

The above though does not take away that news will be propagated through the media, and important information is bound to find its path to them, and subsequently to us. When we read articles here and there, it’s up to us to separate the wheat from the chaff, contrast the information we’re interested in, and formulate our own assessment.

It is true that, for those who casually take a peek at the media these days, they may be getting the impression that bitcoin is dead due to the amount of pseudo-apocalyptic articles around, just as a casual peek a year ago made us apparently make it to the moon and beyond (through bitcoin) without a shadow of doubt.

[coolcoinz]

Is the news outlet finally turning to mega bearish? The last time I read news was they are expecting a recovery since Bitcoin is consolidating around 15k to 16k price area.  

News outlet usually just follow the trend the market since that’s what people want to see. People wants to see the price to go lower on bear market since they want to buy cheaper price. This is what media outlet feeding to crypto people to attract them to read there articles. It will not hurt to play safe but following news is really the dumbest thing to do specially on trading.

Good catch on that news.

I feel like they're mega bearish and so is youtube. The majority of news revolves around 3 things.
FTX being a scam that will make people lose trust in cryptocurrencies and allow politicians and banks to overregulate.
Possible bankruptcies of other companies that had investments on FTX and possibly a liquidation of their assets.
FTX hacker dumping stolen coins on the market.

I haven't seen such fear in the media since the Chinese bans that followed Gox bankruptcy in 2015.

[aoluain]

The media have to sell their products and they need to sensationalise their cover story
especially when it comes to Bitcoin and crypto. The only ones who will be influenced by
these are the same game who will react negatively to the markets. Bitcoiners won't be
affected by what the media report.

[Welsh]

One of the core factors behind is the need to generate articles very frequently, something that has multiplied over time as more media write about bitcoin news. This urge to publish paves the terrain for articles being spun with no solid fundamentals, many entering the speculative area base upon this or that analysis or prediction pulled out of the backside slit. On other occasions the news may be imprecise, misinterpreting what the original source really states, or decontextualizing it, causing the part to be taken for the whole. That is when we don’t get to see articles about how bitcoin has gone up 0,x% today, which are pointless.

It's the story of every industry. Every company basically expects you to do better than previous years, in terms of revenue. So, everyone is expecting more money, and it's never sustainable. A lot of journalists as an example start their careers off very well, they don't just post for the sake of it, and they don't make stuff out.

Yet, with time the motives for covering stories changes, it's not to tell you truth or keep the world in the know, instead it's all about money. You're absolutely spot on, that it's about generating enough articles that they're meeting their quota. This results in plenty of stories that just don't cover anything new, and they're just reiterating the same bloody story that they've already covered.

Plus, negative news sells. Positive news, doesn't so much. Drama is literally the money maker, and that's why you see these headlines which are basically taking something bad, and turning it into the end of the world.

Bitcoin has been subject to this for years, I stopped following the news years ago. The only time I read the news related to Bitcoin is through this forum. Any other news I only read big the bigger stuff like the Ukrainian war etc. If we all did this, we'd probably live happier lives.

[Fatunad]

The media have to sell their products and they need to sensationalise their cover story
especially when it comes to Bitcoin and crypto. The only ones who will be influenced by
these are the same game who will react negatively to the markets. Bitcoiners won't be
affected by what the media report.

Doesnt trust up media since from the beginning.Yes, they might impose up some news but not all of them are precise and honest.Some of them are part of a propaganda which it doesnt surprise me.  
Making ourselves fully aware on whats the trend isnt bad, but you should really know on how to make yourself emotinally strong whenever you do be able to read up some FUD or obviously
just trying to make the market trend even more worst.Usually you cant really be affected with these kind of news or fundamentals if you've been around for this market for some time.
You cant really just easily trust up on what the media been showing off most of the time.

[Adbitco]

Media personality or blogger and press do use a catchy topics for trending their news line even on youtube as well. Impossible news seems to look very attractive to viewers whereas without knowing they are misleading the general public, let's say the article was created on the 12 of November and expecting price to get 90k in next week which was meant to be 19th and today is 20th yet we didn't see any sign of bull for market to hit $90k as the article says.
This is misleading investors and to those who don't have their own portfolio that is too open to be deceived by market news.

[AmoreJaz]

Media personality or blogger and press do use a catchy topics for trending their news line even on youtube as well. Impossible news seems to look very attractive to viewers whereas without knowing they are misleading the general public, let's say the article was created on the 12 of November and expecting price to get 90k in next week which was meant to be 19th and today is 20th yet we didn't see any sign of bull for market to hit $90k as the article says.
This is misleading investors and to those who don't have their own portfolio that is too open to be deceived by market news.

those are clickbaits of these people just for the public to take notice of their vlog or blog. if you are a crypto user, much better if you will trust your own instincts and not be bothered by some baseless speculations. if you will follow these people, you will more likely lose your money in no time. as anyone is free to publish what they thought of this market, you can surely read such predictions that more then likely won't happen in real scenario. don't expect too much. stick to the reality of this market.

[dothebeats]

Right, another speculation on the price of bitcoin. Well, these are no different to what the media portrays anyway, however on these predictions, bullish sentiment can be seen whereas in the media it's only negative from that they're after. No matter how feel-good or positive these predictions are, you can't deny the fact that we are still being battered by lots of sell orders due to the FTX fiasco that occurred very recently. Investor confidence on any alts is very low, and you can't really convince them otherwise at this point in time given how fresh the issue is.

[jossiel]

Follow only and extract those that are helpful not just to get those information but also for your mental health.

The market has been stressing and many can't think properly when they're already invested that much to it. Well, the experience ones will just endure everything to it.

But the concerning are the new ones. It's true if the media is just adding stress to your mental health, don't follow them, unfollow all of them and free yourself from being attached to rumors, hypes, good and bad news.

[GeorgeJohn]

Media houses don't give a damn what Bitcoin price might be tomorrow. They care about numbers of clicks and money from ads.

Ever notices how so many media houses go quiet on Bitcoin during the bear market but then start making daily news about Bitcoin when it goes up and most of the content is usually just FUD with so many clickbaits.

Some people do decisive themselves in Bitcoin via online which is wrong conception, because it's obvious that social media Carrie's a negative information concerning cryptocurrency, so about hundred percent of newcs out seventy carried via social media is not trustworthy information, so personally I can't adhere to social media dispensing of cryptocurrency price, i tagged such informations as fake one. So obtaining information's there is not adoptive.

[sheenshane]

It depends!
Social media reports sometimes depend on their broadcaster/author, while others will against it, while some of them are on the Bitcoin side.
I believed legitimate social media delivers quick news that happens in the crypto space, but when they give predictions on Bitcoin price or the entire crypto market, that's the time I won't listen to them because it might some of them, are attention seekers.

Prediction, guessing, or speculation regarding crypto price, no other than just believing in yourself.  Use social media to use your fundamental analysis but not their price predictions which mostly are terrible.

[hatshepsut93]

Here's a quick reminder that they're wrong every time and always follow the trend.

If they were wrong literally every time, you could do the opposite of what they say and become a billionaire.

The way I see it, the media generally just follows the trend. They amplify bullish message when the market is bullish and do the same when its bearish.

What people should remember is that Bitcoin is purely speculative and very unpredictable. The trend can reverse at any moment, there is no good way of calculating what point will be the top or the bottom of a market. There's no expert that has made consistently precise predictions.

[Baofeng]

You really have to learn how to read between the lines. Crypto based media is one of the worst journalism that you can get, I mean those writers didn't do research and probably just putting articles there to create FUD.

And I think this has been the subject this 2017, as far as I can remember. There was even one thread just to have all this negative news.

So yeah, we shouldn't believed what we all see in the internet specially if it's about crypto and what is going on around with the market. Those media outlet could have some narrative and try to spin every news to create confusion and panic.