Journalists are shockingly dumb...

[DGulari]

http://www.wallstreetdaily.com/2014/10/13/bitcoin-volatility/

My favorite:
The currency is created when people compete to “mine” them. But, unlike gold, there isn’t a finite amount. New supplies of Bitcoins are created from a computer’s processing power and the users behind them.

[commandrix]

Yet another journalist who didn't bother to research the topic very much, or else that writer is talking about the wrong cryptocurrency. Dogecoin is the only cryptocurrency I know of that has a theoretical infinite supply.

[galbros]

This is really common.  It is always great to look at news stories based on things you already know about.  It makes you realize that almost everything else they report is equally distorted or mistaken.

I don't think they are dumb, they are just specialists in writing rather than research and focused more on balance than getting all the facts.  Add in the pressure of a deadline, and it is a lot easier to understand, though still sad.

[djnocide]

On many topics, journalists don't research the info on the subject they're writing on. Some do a good jobs and some do a shitty one.
Let just hope that not many people use this article as a reference

[acs267]

On many topics, journalists don't research the info on the subject they're writing on. Some do a good jobs and some do a shitty one.
Let just hope that not many people use this article as a reference

Since it has a name pertaining to WallStreet, anyone without five seconds is probably going to believe it. It's like when Yahoo got a team of journalists to do something on RATs, and, they said it was 'new technology' and other bullish.

Sad, it should just redirect them to Dailymail at this quality. That's why I'm a Huffington person.

[Chef Ramsay]

In many instances, these so-called journalists have to fulfill the meme their editor wants and the last thing that wall street wants is to give out good advice to run-of-the-mill main street investors. Their mission is to create bagholders so their people can exit toxic garbage as the market is going to see a major dip in due time. However, they're doing their damnedest to keep Bitcoin shrouded in uncertainty so those that are looking for safe havens won't come to play before the big boys can gobble up cheap long positions and then once the rally ensues the little guy gets caught up in panic buys rather than knowing the facts early on to make sound judgement calls. Just my opinion but it's similar to how the MSM reports on government operations. Toe the line w/ talking points so the low info person is merely kept up to the speed to which they desired to know. It's only the really smart people that can see visions or do their homework and see beyond the horizon.

[MrBig]

This is really common.  It is always great to look at news stories based on things you already know about.  It makes you realize that almost everything else they report is equally distorted or mistaken.

I don't think they are dumb, they are just specialists in writing rather than research and focused more on balance than getting all the facts.  Add in the pressure of a deadline, and it is a lot easier to understand, though still sad.

Many journalists are also biased in their reporting and are paid to support a certain agenda. Some are prone to lying too, and there are the dumb ones as the OP suggested.

[DGulari]

I don't think they are dumb, they are just specialists in writing rather than research and focused more on balance than getting all the facts.  Add in the pressure of a deadline, and it is a lot easier to understand, though still sad.

This woman is a commodities investment advisor.  She researches various investments and advises others to invest or not for a fee.  She is an idiot and her research on bitcoin tells me she is careless too.  Anyone who pays for her advice based on such garbage efforts to understand the underlying investment - is fucked.  The lady should be fired.  It is disgusting that someone like this has a license to advise others.  Where are the regulators now?

[PenAndPaper]

Although we have to admit that for the most part things are slightly better on how they describe bitcoin. I mean most of them are now able to make a clear distinction between a crypto-currency and internet magic money... 

[BTCmoons]

http://www.wallstreetdaily.com/2014/10/13/bitcoin-volatility/

My favorite:
The currency is created when people compete to “mine” them. But, unlike gold, there isn’t a finite amount. New supplies of Bitcoins are created from a computer’s processing power and the users behind them.

Most news articles are written on a 9th grade reading level. If they write at a more advanced level then their articles will not get read by much of their audience. News articles also need to be written in a way so that someone with no prior knowledge of the subject matter of the article could understand the substance of the article