Something really fishy about the media couverage

[mmitech]

All this positive cover in the media is really fishy to me, suddenly we've got the whole media industry sheering for Bitcoin when 2 years ago ( around the first bubble in 2013) most economists were telling everyone that Bitcoin is bubble and it wouldn't work and whatnot, late 2013 when the price skyrocketed the institutional investors started investing in Bitcoin startups and even bought Bitcoin in some cases, and now they are pumping their investment and telling the world how cool is Bitcoin !!!

Most of the investors/media will tell you that Bitcoin is the biggest and most important invention after internet and it is the best financial invention in the last 500 years which is kind of insulting to all other important invention.... a deep look at the whole scene gives me the feeling that most of these pumpers don't give a single fuck about the real potential technology, nor most of users here do.


The most sane people I encountered in this community were developers, if I am to thank anyone, I would start thanking them, they are one of the rare objective people here around, and I think it has to do with their knowledge of Bitcoin's code and how unprepared it is to the masses, many and the challenges will be facing Bitcoin the next couple of years... so brace your self and watch how things develop.


  

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[alani123]

Fishy? More Fishy that the coverage claiming that Cypriots were transferring money into bitcoin while their money was LOCKED into banks? I don't think so. I'd rather say bad reporting.

[Biodom]

All this positive cover in the media is really fishy to me, suddenly we've got the whole media industry sheering for Bitcoin when 2 years ago ( around the first bubble in 2013) most economists were calling telling everyone that Bitcoin is bubble and it wouldn't work and whatnot, late 2013 when the price skyrocketed the institutional investors started investing in Bitcoin startups and even bought Bitcoin in some cases, and now they are pumping their investment and telling the world how cool is Bitcoin !!!

Most of the investors/media will tell you that Bitcoin is the biggest and most important invention after internet and it is the best financial invention in the last 500 years which is kind of insulting to all other important invention.... a deep look at the whole scene gives me the feeling that most of these pumpers don't give a single fuck about the real potential technology, nor most of users here do.


The most sane people I encountered in this community were developers, if I am to thank anyone, I would start thanking them, they are one of the rare objective people here around, and I think it has to do with their knowledge of Bitcoin's code and how unprepared it is to the masses, many and the challenges will be facing Bitcoin the next couple of years.

 

basically, whoever wanted to buy cheap already bought during recent V, hence a difference in coverage.
watch them going into the overdrive with a theme: "there are not enough bitcoins for everyone" once we hit the psychological two thirds (14/21) issued-projected somewhere in April.

[waaat?]

All this positive cover in the media is really fishy to me, suddenly we've got the whole media industry sheering for Bitcoin when 2 years ago ( around the first bubble in 2013) most economists were telling everyone that Bitcoin is bubble and it wouldn't work and whatnot, late 2013 when the price skyrocketed the institutional investors started investing in Bitcoin startups and even bought Bitcoin in some cases, and now they are pumping their investment and telling the world how cool is Bitcoin !!!



  

Didn't see that coming, huh?
Money corrupts

[BitchicksHusband]

Now, "real" people (like NASDAQ and NYSE) are doing it instead of hackers and spoiled rich brats who won a lawsuit.

(I don't believe this, I'm just commenting on what I believe the media's opinion is.)

[unamis76]

Investors, economists and many other "high profile" business people said Bitcoin was crap because they either didn't fully understand it, or wanted to be the first grasping the territory.

Now they say it's amazing because they either realized they can get some profit out of it, or simply want people to go in so they can dump on their faces... At least that's what I envision that's going to happen in near future!

[B.A.S.]

First they deny it
Second they try to destroy it
Third they befriend it
Lastly they assimilate

[Nagle]

Then the media found out Coinbase was faking it, and the coverage turned negative.

SFgate: "Bitcoin exchange claims it is 'regulated,’ but not in California"

Time Magazine issued a correction. The Wall Street Journal updated their article.  Tomorrow's coverage will probably be more negative.  Claiming you're regulated when you're not yields very bad publicity.

Just because they have some VC money apparently doesn't mean they have a clue.

[ElectricMucus]

Then the media found out Coinbase was faking it, and the coverage turned negative.

SFgate: "Bitcoin exchange claims it is 'regulated,’ but not in California"

Time Magazine issued a correction. The Wall Street Journal updated their article.  Tomorrow's coverage will probably be more negative.  Claiming you're regulated when you're not yields very bad publicity.

Just because they have some VC money apparently doesn't mean they have a clue.

That isn't the point, they already have what they wanted, the VC money...

[NUFCrichard]

Then the media found out Coinbase was faking it, and the coverage turned negative.

SFgate: "Bitcoin exchange claims it is 'regulated,’ but not in California"

Time Magazine issued a correction. The Wall Street Journal updated their article.  Tomorrow's coverage will probably be more negative.  Claiming you're regulated when you're not yields very bad publicity.

Just because they have some VC money apparently doesn't mean they have a clue.

That isn't the point, they already have what they wanted, the VC money...

Wall street is on our side, that brings CNBC and the others with them because Wall Street can do no wrong in their eyes!

[Q7]

The thing is that media will write anything as long as it attracts the most reader. When it's up, they were full of praises and creating the scenario that btc is finally the savior. When it's down, well, you know what to expect. Just follow and stick to your principle on what you think is right.

[mmitech]

Then the media found out Coinbase was faking it, and the coverage turned negative.

SFgate: "Bitcoin exchange claims it is 'regulated,’ but not in California"

Time Magazine issued a correction. The Wall Street Journal updated their article.  Tomorrow's coverage will probably be more negative.  Claiming you're regulated when you're not yields very bad publicity.

Just because they have some VC money apparently doesn't mean they have a clue.

That isn't the point, they already have what they wanted, the VC money...

Wall street is on our side, that brings CNBC and the others with them because Wall Street can do no wrong in their eyes!

Oh yes, of course, wall street is in your side...

[mmitech]

The thing is that media will write anything as long as it attracts the most reader. When it's up, they were full of praises and creating the scenario that btc is finally the savior. When it's down, well, you know what to expect. Just follow and stick to your principle on what you think is right.

Nope, I think the thing is that the Media industry is a tool full of shit used by the elite...

[barrymac]

In the interests of a balanced discussion this month has been a real record breaker in terms of bitcoin deaths in the media.

http://bitcoinobituaries.com/2015/

Always a bullish signal :-)

[HarmonLi]

Nah, if there's something positive happening they just grab that chance of reporting something interesting. It's always a great story, the old "from rags to riches"... now it's "from Gox, SilkRoad, etc. to legitimacy and being NYSE-backed"

[BitCoinNutJob]

For a non bubble period there is a fair amount of media coverage but its not fishy since there is so much to report on in the bitcoin space in the last year.  Things like gold market dont have many new stories.

[ensurance982]

The press only writes about things that sell - that are interesting. And all those incredible turns and events in Bitcoin do sell well, I guess. After the Gox failure, the almost Stamp failure, it is pretty impressive that regulated exchange goes live - in the US.

[mmitech]

The press only writes about things that sell - that are interesting. And all those incredible turns and events in Bitcoin do sell well, I guess. After the Gox failure, the almost Stamp failure, it is pretty impressive that regulated exchange goes live - in the US.

"Regulated"

[Rawted]

Fishy? More Fishy that the coverage claiming that Cypriots were transferring money into bitcoin while their money was LOCKED into banks? I don't think so. I'd rather say bad reporting.

So glad someone else realizes this. All of 2013 was complete manipulation with attribution to glorified news stories and unethical trading bots. Bitcoin's true value should not be more than $40-50 right now.

If the rumors are true, Mark K literally ruined Bitcoin.

[mmitech]

Fishy? More Fishy that the coverage claiming that Cypriots were transferring money into bitcoin while their money was LOCKED into banks? I don't think so. I'd rather say bad reporting.

So glad someone else realizes this. All of 2013 was complete manipulation with attribution to glorified news stories and unethical trading bots. Bitcoin's true value should not be more than $40-50 right now.

If the rumors are true, Mark K literally ruined Bitcoin.

Yes, I forgot about the Cyprus Crisis... they claimed that the first bubble in 2013 was caused by that... what a fucking nonsense, and yes Bitcoin price is so over inflated.