Mainstream Media is Having a Moment with Crypto, Becoming Increasingly Negative on Bitcoin

2018-12-17 03:48

Everyone knows that virtual currencies and Bitcoin had a bad 2018 when we have a look at the value of digital assets. Mainstream media seems to be very negative about the space and has been writing a lot of FUD around cryptocurrencies.

Bloomberg and CNBC have usually been reporting how Bitcoin (BTC) behaved in the market and how it was performing. However, since Bitcoin dropped under $6,000 the focus on its price has called their attention even more than expected.

Clearly, the space and news outlets are paying a lot of attention to Bitcoin’s price, but this is one of the many problems of why there is so much FUD. During 2017, a lot of money has been invested in virtual currencies and other projects such as Initial Coin Offerings (ICOs). However, the technology and developments couldn’t follow the price.

For example, newcomers that entered the crypto market when Bitcoin was reaching new highs and experienced high fees and low transaction times, they realized that the price was not related to the services offered. There were many things to solve, and scalability issues were one of them.

While newcomers experienced these issues, there were many reports talking about Lambos and new millionaires and billionaires that were earlier investors. Speculation exacerbated users that ultimately realized that virtual currencies were overvalued.

Between 2017 and the beginning of 2018, the industry has been full of speculators trying to become millionaires from one day to the other. However, things do not work in this way.

Projects will now start focusing more on creating applications that work rather than expecting investors to place funds into an idea that has not yet been developed. The ICO market will clearly play an important role in this shift in terms of how to analyse the market.

Aviv Lichtigstein, the founder of 101 Blockchains, commented about the future of the space:

“That’s something I see changing in the industry. We’re going to see more companies building technology before publishing a whitepaper. There need to be more working products and fewer papers.”

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 95235.44 (-0.71%)
Объем 24H $40.978b
Изменеия 24h: -1.83 %, 7d: -7.67 %
Cегодня L: $95217.68 - H: $97458.26
Капитализация $1885.64b Rank 1
Цена в час новости $ 3283.04 (2800.83%)

bitcoin media mainstream negative writing lot space

Источник: bitcoinexchangeguide.com

bitcoin media → Результатов: 126


Analyzing Bitcoin’s Evolving Mainstream Media Relationship as Crypto Assets Seek the Promise Land

After ten years in the market, Bitcoin (BTC) has appeared several times in mainstream media. Although during the first years Bitcoin did not have any coverage, as the prices and interest in the virtual currency grew, media started to talk about the most popular virtual currency in the market. One of the first things that […]

2018-12-29 22:15


Bitmain’s Bitcoin Mining Company Evaluation is Near $12 Billion After New Funding

$12 Billion: The Value of Mining Giant Bitmain in the New Funding Round Bitmain, the Chinese bitcoin mining giant reportedly closed a Series B funding that valued the company at around $12 billion. Caixin, Chinese business media reported on Friday the equity financing was somewhere between $300 and $400 million, though it is still unclear […]

2018-7-7 23:43


Фото:

Bitmex Co-Founder is the Youngest British Self-Made Billionaire

UK media has reported that 34-year-old Ben Delo, the co-founder of Bitmex, has become the youngest British self-made billionaire. Also Read: Japanese Regulator Responds to Reports of Overhauling Crypto Regulation Bitmex’s Ben Delo is the First British Billionaire From Crypto Industry According to The Sunday Times, Ben Delo’s college yearbook describes him as having been voted […] The post Bitmex Co-Founder is the Youngest British Self-Made Billionaire appeared first on Bitcoin News.

2018-7-5 14:20


Japanese Regulator Responds to Reports of Overhauling Crypto Regulation

Japan’s top financial regulator has responded to media reports that it is considering overhauling the way cryptocurrency is regulated in the country. The authority has been under fire for the inadequacy of its crypto exchange registration process after it issued business improvement orders to a number of exchanges it previously approved.

2018-7-5 04:40


Фото:

‘Extinguishing Capacity’: Bitcoin Could Swallow All M1 Fiat At $223K Per Coin

$223,186 is the price Bitcoin would need to be in order to convert the entire world supply of fiat currency, industry figures calculated July 2. M1 Fiat Could Go At Less Than $250k Part of an ongoing debate on social media, Blockstream CEO Adam Back and CSO Samson Mow joined Bitcoin Think editor Beautyon in discussing the phenomenon of ‘hyperbitcoinization’ – the as yet untested process by which consumers abandon fiat en masse for Bitcoin.

2018-7-3 00:00


Фото:

Bitcoin Hashrate Drops as China Floods Knock Out ‘Tens Of Thousands’ of Miners

Bitcoin network hashrate appeared to dip June 27, coinciding with reports floods in China had inundated and destroyed “tens of thousands” of miners.   Machines ‘Beyond Repair’ According to local Chinese media reports, the floods occurred principally in the country’s western Sichuan province, an area which accounts for around 70% of China’s mining output.

2018-7-1 19:00


Donald Trump Retweets News of Arrests of Darknet Illicit Goods Vendors – 2000 Bitcoins [BTC] Seized

The President of the United States is known for his use of social media to raise awareness on topics important to him and bypass what he calls “fake news.” So when President Trump retweeted the news of law enforcement agencies arresting 35 dark web vendors across the country, one can rest assured that it was […] Donald Trump Retweets News of Arrests of Darknet Illicit Goods Vendors – 2000 Bitcoins [BTC] Seized was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-6-30 16:19


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto market's weekly winners and losers – HYPE, BGB, WIF, APT

Movement, Hyperliquid, and Bitget Token were the biggest winners in the past week. Dogwifhat, Gala, and Aptos were the biggest winners from the other end of the table. In this week’s cryptThe post Crypto market's weekly winners and losers – HYPE, BGB, WIF, APT appeared first on AMBCrypto.

Ethereum whales purchase $1B worth of ETH: Market recovery ahead?

Whales bought 340,000 ETH in the last 3 days worth more than $1 billion. ETH might have completed its correction as the Long Term Trend Directions is strongly bullish. Ethereum's ([ETH] whalThe post Ethereum whales purchase $1B worth of ETH: Market recovery ahead? appeared first on AMBCrypto.

Is the Altcoin party over? Bitcoin dominance threatens alt sector!

Positioning for altcoins? These bearish signals call for caution.  The altcoin season index slipped below 50%, marking a new monthly low.  Altcoins are in massive discounts after the recenThe post Is the Altcoin party over? Bitcoin dominance threatens alt sector! appeared first on AMBCrypto.

Fantom breaks $1: Will FTM continue its bullish trend towards $1.50?

Fantom’s price surge is supported by strong network growth and key resistance targets near $1.50. Technical indicators and market sentiment highlight cautious optimism for sustained upward moThe post Fantom breaks $1: Will FTM continue its bullish trend towards $1.50? appeared first on AMBCrypto.

Why Ethereum Classic could be setting up for a 20% price jump

On-chain metrics revealed that exchanges have experienced a substantial $22.85 million worth of ETC outflow. ETC long/short ratio indicating strong bullish sentiment among traders. ETC, the The post Why Ethereum Classic could be setting up for a 20% price jump appeared first on AMBCrypto.