As many of you have probably noticed, the price of Bitcoin has dropped significantly since yesterday. Now of course each floor is higher than the last and most of us know this is a patience game and the long-run benefits far out-weigh the temporary issues, but a significant part of this patience game is also bringing more people on board!
Well it seems the media won't stop perpetuating myths about Bitcoin and creating false equivalencies between demand in the decentralized crypto-market and crazy out of control debt based derivatives markets based on manipulation.
As you can see above, the main stories on Bitcoin are negative ones. All a newbie interested in putting a significant amount of money into Bitcoin is going to get cold feet when all they can see is negative news like this based on COMPLETELY different market fundamentals.
Knowing how the central banking system, deep state establishment and market manipulators control the media, it seems this is part of a scripted talking point meant to scare people away from free market, competing currency decentralized wealth insurance!
Maybe I'm jumping to conclusions but the global establishment OBVIOUSLY doesn't want people using Bitcoin. They'd much rather push a centrally planned cashless society into the SDR (Special Drawing Rights) world currency while making use of some of the technological marvels involved in the innovation of currency on the blockchain to their benefit.
We saw just yesterday the value of Bitcoin drop great lengths over a few minutes due to Mark Cuban (who by the way, knows NOTHING at all about cryptocurrencies) claiming Bitcoin was a bubble.
We need to do our part in bringing the truth about true free market, free monetary value to the public. Much of the public still can't even begin to understand what cryptocurrencies are. It's mind boggling and I don't blame them. They're not being confronted with those facts so the confusion involved alone keeps them away, not to mention this media propaganda nonsense!
Just thought I'd do my little rant.
Thanks for reading and please feel free to Upvote & Follow! :)
If you like what I do, you can donate to my Bitcoin address below! :)
Not in my country. Bitcoin rise is on every economy section of the news and the price predictions of 1 million / btc are becoming dangerous since too many people I know buying BTC in a hope for a high revenue. I wish them all luck but there are many new potential bitcoins out there: look at Stratis.
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Thanks, I'll look into it. Kind of enjoying my experience with Ethereum right now.
By the way, what country are you in? In Canada and the U.S. I NEVER see anything on the news about Bitcoin unless it's negative.
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Europe, Montenegro. Yes, I see that American news are on the witchhunt Bitcoin.
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Fuck Mark Cuban!
He knows jack about Bitcoin or maybe he's playing it smart by driving the price down so he can buy more. It looked like it worked for a couple hours and then the price rebounded.
Didn't he also come out and say if Trump was elected the stock market would crash? Wrong about Trump and wrong about bitcoin.
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Cuban's an idiot. For someone so heavily invested in the derivatives market, you'd think he'd understand it and then realize when something's not a part of that manipulative debt based nonsense.
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I'm sure he realizes that but he'll never publicly admit it because he's part of the club.
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You nailed it ! The media is the whore to the bankers who fuel war and financial bubbles. Owned by giant advertisers like GE that make bombs. Cryptocurrency is exactly that !!!
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Looks like I can reply to things, its a start
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Great! I see you posting now! :)
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This is reminiscent of old media's war against independent journalists and the blogosphere. Anything that threatens the establishment, whether that be banks, government, the media, will be met with skepticism, bias, and outright lies. In the meantime, we can thank them for the buying opportunity.
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Someone is trying to "shake the tree"...
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I had similar thoughts today at lunch while watching some videos. Though mine are less articulate.
https://steemit.com/cryptocurrency/@harleymechanix/currency-snobs-lamestream-media
Theres no way establishment wants people in control of their own wealth. It doesn't jive with their control paradigm. Followed and upvoted.
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It definitely seems like it...All the major news networks keep mentioning how its in a bubble and that its bursting soon. Seems like they are just in fomo and want to drive it down. Blockchain is the future and they just can't accept it so far.
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I think the central banks are frightened of crypto. At least I hope they are and this is not just a ploy to get us all on digital currency. I can't see how this could be the case since it can't be centrally controlled. What do you think about that? Thanks Again!
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Cool info!
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Its when the media start saying its going up forever that you know its over, they will talk it down all the way up and they finally give in and start saying its here to stay and you should buy it with you ears pinned back that you will know it s over. Seen it time and time again its the same in every boom cycle they never get it right.
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