A reminder about the media

[FatFork]

Don't believe everything you hear and read. In today's world, opinions are often just that - opinions, and the truth of the matter may not be there at all. That's why it's always important to think for yourself, avoid media sensationalism, and do your research if you want to make informed decisions on investing in the markets. The point is, the current market movement does not exists because of people's opinions, but because of a big money global information distribution industry, who could be at the same time publishers, advertisers and the entire media stream.

[justdimin]

And the truth of the matter is that media will always tell a story the way people wants to hear, while taking advantage of the current market movement just to drive traffic to earn a penny, because I can remember last year how we got so many prediction after the ATH bull market, of people saying Bitcoin could likely hit $100k before the end of December 2021 simply because the market was bull back then, and likewise same thing now happening all over the media of most people predicting Bitcoin couldd fall to $10k due to the recent bear market caused as a result If FTX hack and Russia/Ukraine war
So the fact here is that there will always be news on social media predicting the possible price movement of Bitcoin at all times.

I feel like they do not even tell a story the way people want to hear, they just tell a story that will get a lot more attention. This doesn't need to be what people want to hear, as long as it gets attention, it could be hatred as well as long as it gets clicks.

That’s what media cares about these days, clicks, which means that they can tell the truth, tell the lie, tell good thing, tell bad thing, it really doesn't matter to them as long as they can get attention. One million unique visitors to a website equals to a HUGE company, and I mean huge, and you need just one website. So, it is very important to attract people to the website all together.

[Kelvinid]

Don't believe everything you hear and read. In today's world, opinions are often just that - opinions, and the truth of the matter may not be there at all. That's why it's always important to think for yourself, avoid media sensationalism, and do your research if you want to make informed decisions on investing in the markets. The point is, the current market movement does not exists because of people's opinions, but because of a big money global information distribution industry, who could be at the same time publishers, advertisers and the entire media stream.

Too unfortunate and now that hard to find a reliable source of information if the media can't be trusted anymore. I'm not going to disclose the fact that this is really happening but I think, some media are still doing their best in order to provide useful and reliable information. But some media has been controlled by politicians or business institutions and they have nothing to do but throw negativity against others.

[Cookdata]

People should be aware that the media can both make and destroy them, the media will always claim to be for the truth, but in fact, they are just interested in traffic and revenue for their authors.
I recall when bitcoin was making waves, setting new all-time highs, it was all bull headlines upon bull headlines but a little negative news, they will write more than what is required or needed for investors, which leads me to believe that the media always has short or open positions in the bitcoin market, they know they control the market and they know they can change people's views on the market and they use that to their advantage, don't listen to the media. It's no surprise that Donald Trump never takes them seriously.

[KingsDen]

If your level of maturity in this industry has not gotten to the extent that you have to ignore the media and also ignore the speculation that is making wave run the media and even in this forum, know that you are not mature enough to handle the things of Bitcoin.

I have come to an absolute idea about bitcoin and that is the fact that bitcoin is cyclical and your ability to know the cycle you are into and when next the cycle will end all new cycle begin is all you need to strive and succeed in the cryptocurrency industry.

When the media masters peddle false information they will do it to extreme and when they want to follow up a good information they will over-exaggerate it. Remember how the $100,000 target was defeated.
It is high time we learn only to buy low and sell high. If you think you don't know the low, just know the last ATH and compare it to the present price and you could make your decisions.

[lalabotax]

Why trust the media 100% if we already know that sometimes the media only reports negative news about Bitcoin, news from one party, based on pressure or requests from certain parties.. The media will continue to make something that goes viral because they always want to get money from the news. For some reason, nowadays, the media seems to only focus on getting people to read their news, not the essence because sometimes their reports don't match up. That's why we have to be wiser and smarter in managing all news from the media. Maybe there are times when that is true, but we should cross-check to find out what's behind the news. As is Bitcoin's ugliness and FUD. We already know and even understand, so it would be better if we were not influenced by the media. We need to be vigilant because sometimes unknowingly, the media leads us to bad opinions about Bitcoin and its aftermath.

[yudi09]

Stay strong and don't follow the media

Nice reminder OP 

It is enough just to give a smile when reading news like that because after all we need to read the media to find out information. However, regarding the truth of the information displayed by the media, we must first consider it, not immediately accept it as truth because the actual accuracy of the data is the benchmark.
Often at the end of the news they write this information is only based on the author's thoughts not to be used as a reference.

[davis196]

The mainstream media would never be favorable towards cryptocurrencies. Way too many banks, investment funds and other fiat financial companies are advertising on the mainstream media. That's why it will always favor the fiat financial system.
I don't bother reading news about crypto on online newsletters or big blogs. The news are either FUD or straight on hating on crypto, mostly because "it's not regulated and there are way too many scams". Even when the ATH was hit on November 2021, most mainstream media was criticizing Bitcoin for being a giant bubble, which is about to burst. That was partially true, most Bitcoin bull markets are basically price bubbles, but there's nothing wrong with that.

[Issa56]

When it comes to bitcoin, I really don't believe anything I see on the Internet, because I know there are so many people out there who want it to die. Even people who don't know anything about bitcoin will still criticize it. If bitcoin were to follow the news on the internet, it would already be extinct by now. If you want to invest in bitcoin, you should just disregard what you hear on internet or you might endup losing hope.

[yazher]

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.

Though this news is positive, we need to consider not following it blindly instead doing some personal research and not rushing to invest would be good. Right now we need to be careful not to fall into the trap of scam exchanges because the more they offer weird freebies, the more they have some big plan to steal our money in the future. except for those that are truly legit that won't gonna try anything to harm their refutations and continue serving their users the best thing they can offer to them. Also, we need to know how to distinguish hype news from real one so that we can avoid not to be carried away when investing.

[Kasabus]

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.

Definitely it’s all about money at the end of the day. Media is not concerned at all if it’s reality or not but as long as people like their contents, they will eventually pursue about it. That is why we don’t have to rely on media for all our market movement decision, always check the news and make a good analysis on the crypto price movement in the market.

[isaac_clarke22]

~

This is like those usual "technology bad" mentioned by some ignorant boomers. Just because something is gaining a lot attention from the public, then they will just try to talk crap about it to bring it down to Oblivion. There are some news article page in Facebook that are just neutral which are hundred times better than those scums that are just biased at any ways.

Regardless of their neutrality anyway, I don't rely my decisions from what I just solely hear from the headlines and the first lines of the news. This is why most of the time I usually also use adblockers when reading these articles.

[danadc]

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.

Though this news is positive, we need to consider not following it blindly instead doing some personal research and not rushing to invest would be good. Right now we need to be careful not to fall into the trap of scam exchanges because the more they offer weird freebies, the more they have some big plan to steal our money in the future. except for those that are truly legit that won't gonna try anything to harm their refutations and continue serving their users the best thing they can offer to them. Also, we need to know how to distinguish hype news from real one so that we can avoid not to be carried away when investing.

I do not know much about investment, but if I look at many articles and when there is positive news I am happy because I have a little bit of bitcoin and that is something that makes me happy because if the price rises it means that the increase in money fiduciary is greater, I do not see my investment or review the amount of bitcoin I have because it demoralizes me, I bought a little bit of bitcoin when it was at 20,000 dollars, but I do not plan to sell when it reaches more.

For investors, how do they do when they see their bitcoin drop in price, how do they not go into despair? I don't have a complete 1bitcoin, but I know that many have more than 1bitcoin, and seeing the value drop is something tremendous.

[lionheart78]

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.

Profits is still their top priority. That is why there’s no significance anymore following the news and keeping up with updates, because they seem not happening at all in reality. The most important is we know what should be properly done with our bitcoin when the market is bearish or bullish.

Every industry's priority is profit.  Is there any industry that does not prioritize it?  Even the health industry which is supposed to be more concerned with life give priority to profit.  And that desire to get profit also drives media outlets to perform better.  So it is a pro-con thing but one thing is important, don't just believe things that we read online.  Have time to research and check them.  That way we can avoid doing things that may result in possible financial losses.

Media is just all about FUDS so we should know when to believe it and when not to.

I disagree, media is the major sources of information and isn't all about FUDs.  Although the media thinks that having bad news is good news for them because people are more interested in negative news than a positive one, but, the media also reports development, updates, political effect, economic effect, and a lot more.  Media is more than spreading FUDs, I bet we all know that but of course, we need to be vigilant because not all that is published online is the truth.  We need to verify them especially when it affects the market decision that may possibly bring us losses.

[uneng]

Stay strong and don't follow the media

Nice reminder OP 

It is enough just to give a smile when reading news like that because after all we need to read the media to find out information. However, regarding the truth of the information displayed by the media, we must first consider it, not immediately accept it as truth because the actual accuracy of the data is the benchmark.
Often at the end of the news they write this information is only based on the author's thoughts not to be used as a reference.

I believe we have to follow logic and reason. If you know how to filtrate the informations you receive from the media, you aren't going to get fooled by their fake news, while also being able to absorb legit content they report.

A big mistake nowadays is to go extreme, discrediting every journalists and media vehicles, because a portion of them don't have a compromise with the truth, with facts. There are honest and dishonest journalists, like in every professions.

Regards expectations on bitcoin price, we also need to be careful, because the same way there are the news to spread FUD, there are also the news to spread illusions, launched by speculators and social influencers over common investors.

[Ziskinberg]

I never hate media because it is still useful to others matter but sometimes it turns me off when keep hearing always on the negative side of crypto without telling us what we possible to get from it. Sometimes I can say that the media are biased in their reports,  I'd also say that they got influenced by someone else. This is the reason why we should not be reliant on them but rather do research from other sources. For now, it gives us no confidence at all because media are now become a medium to spread negativity.

[BitDane]

I never hate media because it is still useful to others matter but sometimes it turns me off when keep hearing always on the negative side of crypto without telling us what we possible to get from it. Sometimes I can say that the media are biased in their reports,  I'd also say that they got influenced by someone else. This is the reason why we should not be reliant on them but rather do research from other sources. For now, it gives us no confidence at all because media are now become a medium to spread negativity.

Yeah, instead of hating media, we must be selective of information to absorb.  We must compare the information with other sources and check the credibility of the writer.  More often than not, unknown writers often release misguiding information with an intention to cause chaos or FUD if it is in the marketplace.  So we shouldn't make ourselves to easily believe anything that we read online.  We must verify them as much as possible.

[AmoreJaz]

I never hate media because it is still useful to others matter but sometimes it turns me off when keep hearing always on the negative side of crypto without telling us what we possible to get from it. Sometimes I can say that the media are biased in their reports,  I'd also say that they got influenced by someone else. This is the reason why we should not be reliant on them but rather do research from other sources. For now, it gives us no confidence at all because media are now become a medium to spread negativity.

Yeah, instead of hating media, we must be selective of information to absorb.  We must compare the information with other sources and check the credibility of the writer.  More often than not, unknown writers often release misguiding information with an intention to cause chaos or FUD if it is in the marketplace.  So we shouldn't make ourselves to easily believe anything that we read online.  We must verify them as much as possible.

media is important in the publication of news and other things. as much as we want factual news, we can't always expect to read such. so yeah, it is our responsibility to validate what we are reading. no one will tell you which one is fake or not, it is on us how we will attack such content on the media. are we going to believe what has been said, and be disappointed or depressed from what we just read? if you want, you can only focus on one or two legit sites where you get your daily news. you don't need to read all the things happening around, it will just make you sick or stress.

[yudi09]

Regards expectations on bitcoin price, we also need to be careful, because the same way there are the news to spread FUD, there are also the news to spread illusions, launched by speculators and social influencers over common investors.

I just want to say that most of us already understand what must be done in receiving information from a media and most of us also understand very well their job, namely journalists in writing or covering news.

In the midst of many FUD media, we feel that there are also many media that provide information based on data and facts. Regarding Bitcoin price speculation, of course we need some indicators that we need to pay attention to and we don't take 100% of the source from the media. As we have discussed, historical data can be an initial consideration.

[meser#]

The media loves star news. If someone or something falls, they also blow a kick . If someone or something rises, they applaud like everyone else.  That's why we shouldn't pay too much attention to the news of the media.