Why are there so many Bitcoin news sites?

[Lorenzo]

I used to have a short list of Bitcoin and general crypto-related news sites in my bookmarks bar but now I see that the list has become very, very long. There is CoinDesk, CoinTelegraph, CoinsSource, Bitcoin Magazine, Altcoin Herald, CryptoArticles, CryptoCoinsNews, as well as similar sites like Let's Talk Bitcoin which have articles and news but presents the information in a show format.

I'm guessing that most of these sites profit from ad revenue since they tend to have lots of ads. So is it profitable? And does there really need to be so many news sites covering a single topic?

[kolloh]

Yeah most people probably start one for the ad revenue. There is a ton of normal news sites as well so not too strange that there is a ton of bitcoin related ones.

[hua_hui]

I used to have a short list of Bitcoin and general crypto-related news sites in my bookmarks bar but now I see that the list has become very, very long. There is CoinDesk, CoinTelegraph, CoinsSource, Bitcoin Magazine, Altcoin Herald, CryptoArticles, CryptoCoinsNews, as well as similar sites like Let's Talk Bitcoin which have articles and news but presents the information in a show format.

I'm guessing that most of these sites profit from ad revenue since they tend to have lots of ads. So is it profitable? And does there really need to be so many news sites covering a single topic?

Good! They are competing to be the leading press media and try to attract as many readers as possible to generate revenue. We, as a cryptocoiner, pick the best site to read the information about it.

[Soros Shorts]

Good! They are competing to be the leading press media and try to attract as many readers as possible to generate revenue. We, as a cryptocoiner, pick the best site to read the information about it.

Most of the news is rehashed crap with no additional editorial analysis. I don't need to see the same three sentences of information rewritten in ten different ways.

[finlon]

Most of them are there only for the ad revenue. Nothing else.

[Herbert2020]

I used to have a short list of Bitcoin and general crypto-related news sites in my bookmarks bar but now I see that the list has become very, very long. There is CoinDesk, CoinTelegraph, CoinsSource, Bitcoin Magazine, Altcoin Herald, CryptoArticles, CryptoCoinsNews, as well as similar sites like Let's Talk Bitcoin which have articles and news but presents the information in a show format.

I'm guessing that most of these sites profit from ad revenue since they tend to have lots of ads. So is it profitable? And does there really need to be so many news sites covering a single topic?

you are guessing correct. there always were and always will be people who try to earn some bucks from creating a website and putting a lot of advertisement on. but there are only a couple of news websites that are worth even looking at. i myself prefer coindesk

[koelen3]

I used to have a short list of Bitcoin and general crypto-related news sites in my bookmarks bar but now I see that the list has become very, very long. There is CoinDesk, CoinTelegraph, CoinsSource, Bitcoin Magazine, Altcoin Herald, CryptoArticles, CryptoCoinsNews, as well as similar sites like Let's Talk Bitcoin which have articles and news but presents the information in a show format.

I'm guessing that most of these sites profit from ad revenue since they tend to have lots of ads. So is it profitable? And does there really need to be so many news sites covering a single topic?

Well! the more sites the better .
Why does it matter if most of the site is having same article or talk , it's news and everyone covers it in their own way.

[thebitcoinquiz.com]

You are free to create as many sites as you want on world wide web!
Although I only prefer reading coindesk, cointelegraph and cryptocoin news.

[12345mm]

it costs a couple grand per month to operate a basic website for news ... especially if you are the one person writing all the "articles" ... and if you've got 10,000 + btc or so ... each dollar up makes you more money than the total operating costs of the site + your time ... basically each and every one of the "bitcoin news" sites is operated by people with an extreme heavy position in bitcoin gaining value for profit ... ad revenue is irrelevant compared to the price of the bitcoin when you're heavily invested in bitcoin ... just ask yourself ... what would i do if i had 100,000 btc ? ... i'd make a website with nothing but positive slanted news in regards to bitcoin ... duh ...

[Kprawn]

Not to mention the sites that spread FUD or misinformation or fake articles. 

In the end, you will have to decide on the most reputable sites and stay with them. People on reddit are quick to point out BS in articles, so it becomes easy to spot the good ones from the bad ones.

I tend to read articles with a open mind and then check them here ---> https://bitcointalk.org/index.php?board=77.0 { Our forum members are also quick to respond on BS, if it was posted there }

[Lorenzo]

it costs a couple grand per month to operate a basic website for news ... especially if you are the one person writing all the "articles" ... and if you've got 10,000 + btc or so ... each dollar up makes you more money than the total operating costs of the site + your time ... basically each and every one of the "bitcoin news" sites is operated by people with an extreme heavy position in bitcoin gaining value for profit ... ad revenue is irrelevant compared to the price of the bitcoin when you're heavily invested in bitcoin ... just ask yourself ... what would i do if i had 100,000 btc ? ... i'd make a website with nothing but positive slanted news in regards to bitcoin ... duh ...

From what I've seen, most of these news sites have more than one person writing the articles. For example, I can see four different names on the front page of CoinDesk alone. Although I'm sure the writers themselves have lots of BTC so it would be in their best interests to write favorable articles about Bitcoin.

Not to mention the sites that spread FUD or misinformation or fake articles. 

In the end, you will have to decide on the most reputable sites and stay with them. People on reddit are quick to point out BS in articles, so it becomes easy to spot the good ones from the bad ones.

I tend to read articles with a open mind and then check them here ---> https://bitcointalk.org/index.php?board=77.0 { Our forum members are also quick to respond on BS, if it was posted there }

Just out of curiosity but which news sites spread FUD, misinformation, or fake articles?

That reminds me, are there any negatively-slanted Bitcoin news sites? I know there was Buttcoin.org which liked to poke fun at the Bitcoin community but that one was satirical and not at all supposed to be serious.

[jacktheking]

Hmm.. why is there so many news channel around the world? Bitcoin is getting more and more popular.. Logic, more news sites will be set up. We would probably have over a thousand of Bitcoin news soon.. Or we might be having now.. :L

[Amph]

everyone wants its slice, it's natural, that so many site pop up, this is true in everything in the world when something new come out or get the world attention

[(oYo)]

One can only hope it's a sign that Bitcoin is becoming more mainstream. It's probably no exaggeration to claim that there's many thousands of news sites out there covering nearly just as many different kinds of topics. It seems only natural to me that the number of news sites covering Bitcoin is growing. It's also normal that many won't be original and some will even try to spread disinformation, but all of them will try to make money from whatever they're doing.

[Kprawn]

it costs a couple grand per month to operate a basic website for news ... especially if you are the one person writing all the "articles" ... and if you've got 10,000 + btc or so ... each dollar up makes you more money than the total operating costs of the site + your time ... basically each and every one of the "bitcoin news" sites is operated by people with an extreme heavy position in bitcoin gaining value for profit ... ad revenue is irrelevant compared to the price of the bitcoin when you're heavily invested in bitcoin ... just ask yourself ... what would i do if i had 100,000 btc ? ... i'd make a website with nothing but positive slanted news in regards to bitcoin ... duh ...

From what I've seen, most of these news sites have more than one person writing the articles. For example, I can see four different names on the front page of CoinDesk alone. Although I'm sure the writers themselves have lots of BTC so it would be in their best interests to write favorable articles about Bitcoin.

Not to mention the sites that spread FUD or misinformation or fake articles.  

In the end, you will have to decide on the most reputable sites and stay with them. People on reddit are quick to point out BS in articles, so it becomes easy to spot the good ones from the bad ones.

I tend to read articles with a open mind and then check them here ---> https://bitcointalk.org/index.php?board=77.0 { Our forum members are also quick to respond on BS, if it was posted there }

Just out of curiosity but which news sites spread FUD, misinformation, or fake articles?

That reminds me, are there any negatively-slanted Bitcoin news sites? I know there was Buttcoin.org which liked to poke fun at the Bitcoin community but that one was satirical and not at all supposed to be serious.

There is a thread or post on this subject on this forum... I searched for key words, but cannot seem to find it. {Maybe one of the other forum members can post a link to it... but I will keep on searching for it, and I will update this post, with the link}

The point I wanted to make, is not all Bitcoin news sites are above board, with the content provided. {They will post FUD and fake articles to attract attention to their sites, and this will increase their traffic for better adverticement income}

You should always "check" them against comments made on forums like this. {They get exposed VERY quickly} To take one example .... the announcement made, Coinbase - first licensed u.s. exchange for bitcoin... and it listed 24 jurisdictions.... some people checked it, and it was false. Some of these jurisdictions had no registered licensing for a bitcoin exchange. {Hype / misinformation.... ?} you decide.

Things are blown up, to sensationalize... it's like that all over the internet, and not just with Bitcoin news sites.

[monkeybars]

As recently as 2013 I could find barely any mentions about bitcoin on the entire web on any given day except for here on this forum and a few reddit posts. So much better and easier to glean info about the ecosystem now.

[calme]

I hadn't noticed that there aren't really any anti-BTC sites out there. I think BTC has a great future but I would love to watch a major TV show called Fuck Bitcoin or whatever

[Hamuki]

Ad revenue.
People arent even original anymore..

They have scripts that fetches articles from the bigger sites like coindesk and a new other big ones.

Its rather sad to see people trying so hard to make some money off others success like that.

I hope that they will go down and let those who accually work hard for their website make the real money.

[dothebeats]

I used to have a short list of Bitcoin and general crypto-related news sites in my bookmarks bar but now I see that the list has become very, very long. There is CoinDesk, CoinTelegraph, CoinsSource, Bitcoin Magazine, Altcoin Herald, CryptoArticles, CryptoCoinsNews, as well as similar sites like Let's Talk Bitcoin which have articles and news but presents the information in a show format.

I'm guessing that most of these sites profit from ad revenue since they tend to have lots of ads. So is it profitable? And does there really need to be so many news sites covering a single topic?

Yup. That's why an ad blocker comes in handy when visiting these sites  And some of their ads are too annoying for the user that reading the news they've come for isn't achieved without too much hassle going around.

[freedomno1]

Good! They are competing to be the leading press media and try to attract as many readers as possible to generate revenue. We, as a cryptocoiner, pick the best site to read the information about it.

Most of the news is rehashed crap with no additional editorial analysis. I don't need to see the same three sentences of information rewritten in ten different ways.

Pretty much this if I recall correctly sometimes some of the original sources use cryto articles on their services such as Virtex (not cavirtex) before mainstream as leverage towards legitimacy it takes more motivation to scam this way but I've seen it done.
As I recall there was a similar interview with the creators of mintpal and likely more such examples I missed.
But I think that is just a consequence more than a cause.

As with most things you'll have to filter the information and determine what is good and what is not.


Historical Example of a Scam Startup

Good news. Literally! We have been featured in several online financial news magazines. You can read all about us at:

http://bitcoinmagazine.com/12213/virtex-launching-international-cryptocurrency-exchange/
http://www.leaprate.com/forex-industry-news/entry/virtex-expands-the-revival-of-the-bitcoin-exchanges-as-they-shift-to-emerging-markets.html
(NOTE: Leaprate has made a misteke: we will not allow traders from FATF blacklisted countries, we have contacted them in order for this mistake to be corrected)
http://www.cryptocoinsnews.com/news/sponsored-stories/virtex-cryptocurrency-exchange/2014/04/10

We hope that you are as excited about the upcoming launch as we are. If you have any questions please do not hesitate to contact us through live chat (online 8am - 4pm +2GTM Mon - Fri), or send us an e-mail to info@virtex.com

P.S. @cavirtex does the 'Canadas oldest and biggest exchange' really have nothing better to do than spam?