Crypto News: Mass Media Baiting People to Buy BTC?

Does manipulation exist in unregulated markets? Certainly. Does it exist in regulated markets? It does indeed but possibly not as much.

After Q1 2018 people have caught on to just how manipulated cryptocurrency markets are. A lot of lost tons of money by investing at the highs in November and December only to find themselves in despair if they followed the masses in that quaint but albeit very dangerous game of HODL.

But you can only spread FUD for so long if you don't want to completely destroy a market. Eventually you buy and after that, if you wield the power to move markets through publicity, you SHILL.

I recently read an article by Quartz which I would call 'bait.'

It is my belief that whales who sold the top have been buying down here and they have already filled their bags quite a bit. After their bags are quite heavy well, they need a moon mission so they can offload at higher prices and repeat the whole cycle again. So that is where I believe we are at now.

Bitcoin is bumping around near the lowest prices recorded since November, as government watchdogs around the world more closely scrutinize the crypto sector. The market value of all digital tokens, which includes bitcoin as well as ethereum, ripple, stellar, and hundreds of other variations, has declined by more than $500 billion since its peak in January, to about $257 billion, according to Coinmarketcap.com.

They try to illustrate the point above by using the chart below:

Wow! That certainly does look tempting... If you are willing to be a longterm investor and don't believe Bitcoin will simply die, vanish or fade into obscurity then now may indeed be a good time to buy...

The article then goes on to counter their original point and create a feeling of balance... They cite that regulation is a concern and also the fact that the public has lost interest in Bitcoin.

Perhaps just as damning for bitcoin is that public excitement appears to be waning. Google searches for “bitcoin price” peaked in December, around the time of its highest valuation, and the search term’s popularity is now about 20% of what it was then.

Another article published by CCN entitled '3 Reasons Why Bitcoin Price Will Rebound in Q2 2018' provides a few good reasons (shill) why they think Bitcoin will rebound soon...

They are as follows:

1.) US Tax Season’s Nearly Over
2.) Coincheck Deal in Sight
3.) History Is on Bitcoin’s Side

What does all this amount to? Absolutely nothing at all...

One thing that I have noticed is that the balance of positive news vs negative news has shifted the past week or two and it does seem that publishers as a whole are subtly trying to shift public perception favorably towards Bitcoin and the idea to invest in it. Only time will tell...

Thanks for reading @techblogger.

Source:

Bitcoin and its crypto cousins are trading at their lowest prices in five months - Quartz

Image Source:

Quartz