Is all the bad news actually good for us?

[ChuckBuck]

No, If everything on BitCoin is bad news then why would average joe wanna invest in BitCoin?

Yes, not every piece of news should be ideally bad, but when you're first starting out, you pretty much just want to get your name out there.

Remember the Internet was the same way.  Only the computer literate with money, privilege, and know how had access to it back in the day:



There was the stereotypical nerd in his Mom's basement that was a hacker and had the latest and greatest equipment to be able to prowl BBS message boards and download German porn before anyone else.  And for awhile it was true, but now the narrative has changed for the common internet user.

This is how it is in year 6 of Bitcoin.  Not everyone is using, gets it, or has access to it, but there's building blocks and infrastructure and developing and investing that's underway.  Just to get the word out there is the hard part now, and if that means some bad news, then that's what we'll have to take for now.

[oblivi]

Yes, all news are always good news, advertisement 101.

[commandrix]

I figure the "bad news" is really just a shakeout of the bad actors and the exchanges that don't bother to get their security buttoned down. Once that's finished, we can just hunker down and start making cryptocurrencies the way to handle any kind of business in the digital world.

[GigaBit]

Many in marketing circles will say that there's no such thing as negative press.

However, if your company'[s CEO gets caught diddling little boys... yeah, there is such a thing as bad press.

This is not Bitcoin's case, everyone loves to back an underdog, look at the rise of islam; killed by negative press.

Volumes go up but Bitcoin's proven to be an impulse buyer's market, meaning, buyers always want the best price... not the 15 minutes ago price.

This means, in normal times, it won't get much attention; last US Gov't shutdown is where it got its big break; panic buyers.

If there is no impulse to buy, the price will always tick sideways or down; mining farms needs to sell... which is an impulse sell.

Right now it's all we're seeing but thing about it though... if CocaCola gave 1 free coke if you buy 1 12pack with Bitcoin?

People would trample over a dozen newborn babies to get on that deal!

The moral is, give deals to die for to entice people into buying Bitcoin more regularly.

[medUSA]

Is all the bad news actually good for us?
Does it actually get people looking into bitcoin?

Those who are not interested in bitcoin don't actually hear those "bad" news. They do not actively seek news on bitcoin what so ever. It is only us bitcoin users who remember chains of "bad" news and generate impressions of a failing bitcoin environment.

I believe more frequently people hear the word "bitcoin" the better. The context doesn't matter much. The news get forgotten, the "bitcoin" keyword sticks.