Did you notice the silence about this bitcoin crash in Mainstream media!

[pawel7777]

And there it is. Today's BBC article. Off-putting title, but quite objective overall:

"Bitcoin price falls to 11-month low"

http://www.bbc.co.uk/news/technology-29507443

[spazzdla]

Probably because we rip them a new one when make an article about it LOL.

[malaimult]

Forbes has an article on the recent "crash". I think that is pretty mainstream as far as crypto goes. I don't expect to see bitcoin news to be reported on Fox News TV or whatever.

[Zer0Sum]

And there it is. Today's BBC article. Off-putting title, but quite objective overall:

"Bitcoin price falls to 11-month low"

http://www.bbc.co.uk/news/technology-29507443

Basically, no one cares because it affects very few people... and the hipsters have moved on.

I'm very pro-crypto, but the Bitcoin dinosaur is in trouble.

There is no way one can defend the flat-lining of velocity despite 10 or 100 times the retailers...
Dead flat at about 70,000 transactions/day... of that at least half is just trading/exchanging/speculating.

http://qz.com/276841/falling-prices-arent-the-real-reason-to-worry-about-bitcoin/

[itsAj]

BTC is still it's in infancy stage it can always be improved however the technology simple but can be built upon on many levels. I do not think people at this stage even acknowledge it due to understanding.

[chenka563]

but was  what thing going on? anyone know?Does it  have a relationship with the drop of the  BTC price ?

[beetcoin]

bitcoin is no longer a novelty, so the media has backed off. besides that, there are a lot more pressing current events right now that was off the radar 6 months ago.

ebola, ISIS, israeli-palestine conflict, kim jong-un being deposed, and hong kongers for democracy name a few.

[gogxmagog]

I saw a link to a time magazine article today... if time magazine is even relevant? NYT's resident nobel lauriate took time to gloat...

reddit and twitter were all over it. But I mean, let's face it, unless you are invested there's really no story unless BTC is prepared to sh&t or get off the pot. If it dies, they will all have their say, if it "to the moon" they will also have something to say. I would bet there are journalists out there with both stories ready to go to press. Meanwhile, to everyone who does not have any btc...this has basically been a non-event. A boring story.

Like the world of finance in general. Most people dont want to know how finance works. And they find it dull unless it is associated with scandal. (or ridiculous winfalls of great luck)

As for financial journalists, how often can you reiterate that btc is unpredictable and nobody knows where its going to go next?

caveat - I find btc fascinating. when else has a commodity transformed into a currency before our very eyes?

EDIT- I DID notice that the 30k sell wall manbearwhale thing got very little mention anywhere but the most entrenched niche news sources. The sell wall and the reletive ease with which it manipulated the price, not to mention....who exactly was responsable for that???  IS interesting news imho.

[ANTIcentralized]

EDIT- I DID notice that the 30k sell wall manbearwhale thing got very little mention anywhere but the most entrenched niche news sources. The sell wall and the reletive ease with which it manipulated the price, not to mention....who exactly was responsable for that???  IS interesting news imho.

It is not usually news when someone sells a large amount of a stock at one price in the same fashion that the bear whale sold 30k BTC yesterday. I would say that it was noticed by the bitcoin community because the price is watched very closely however a $9 million order will commonly take place every minute on large cap stocks on the NYSE

[randayh]

Now is when money is made.

[jaybits]

The mainstream media which reports even small incidents bad about bitcoin is completely silent!

There is something going on

This
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https://i.imgur.com/2H55YCh.jpg

[CryptoCarmen]

The mainstream media which reports even small incidents bad about bitcoin is completely silent!

There is something going on

This
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You want to say that BTC was already on the moon and left its trace there and left?

[ChuckBuck]

The mainstream media which reports even small incidents bad about bitcoin is completely silent!

There is something going on

This
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Dam does that mean Bitcoin price crashed into the sun.   

Up in flames like my coin hoard!   

[Elwar]

There was as many articles about this weekend's crash as there were about the Silk Road crash 1 year ago.

Prices never recovered after all of that negative attention.

[Q7]

Maybe those that kept on urging people to buy and hold in the past is now facing with the dilemma on how to put together nice stories. Maybe not.

[cuddaloreappu]

The mainstream media which reports even small incidents bad about bitcoin is completely silent!

There is something going on

This
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seems like mars

[cellard]

I see Bitcoin articles pretty frequently in big economic sites and even CNN and what not.

[GailSan]

If its any consolation...


People like me can now get in to BTC. I just bought my first couple the other day.
When they were $600 the entry price was just to much. Actually I lied when I say I
just bought a couple the other day. I bought $350 of btc 8 months ago (?). I took it to
an exchange and promptly bought Aurora coin which of course promptly sank. I ended
up selling for about $12.

That was my first experience with BTC/Crypto and just being an average every day bloke
I couldnt afford to buy bits of btc and try again when they were $600+. Now though I can,
and am even prepared to take more risk because of their lower price.
Point is I surely cant be alone. There must be many others who can now consider getting in
on the Crypto scene. Of course if btc crashed to nothing....but I really dont see that happening.
I see the btc price drop as an opportunity. Of course for those that hold a lot of btc it wont feel
like that so I can empathise. But they should hold their coins because the newbies are coming. 

[BADecker]

I just love all you Bitcoin naysayers. Maybe, just maybe you will scare a lot of people into selling. The price will go down, and when I am comfortable with the low price, I will buy a lot.

When fiat crashes, Bitcoin just might be the world trade savior. Might even be local trade savior. But even if it's not, it WILL make things easier until we get a new money system going. That's where I will make out big.

[blastmaster]

I am rather surprised at their rather muted reaction. I would have thought they would be all over this trying to kick Bitcoin when it's down...