Short comment: Crypto and journalists

in #crypto6 years ago

Today I would like to mention one funny fact. Of course, there are lot of good journalists which do their job great, they do some research and verify theirs claims before they publish their articles. But I am surprised about how many journalists try to write about crypto currencies, but they have no clue what they are saying (well some of them do this even with regular news).

Yesterday I read about Verge (XVG) and their big announcement. It is known for some time, that this announcement should be done on 17th April. Many articles (2 days old) mentioned day before (originally it should be day before, but it was changed some time ago). But OK, it is not that bad.

Today, I read about Bitcoin bubble. Yes, again. Seems like there is nothing more important than to keep people away from decentralized currency. Article with only one point of view on the crypto, unbalanced, no opinion from crypto world (it is in Czech News). My favorite statement is that crypto currency, especially Bitcoin and Tether are very volatile (yes, TETHER -USDT). Sh*t even Tether? Maybe next time we will see starving kids because of cryptocurrencies, but wait, Smartcash provided food supplies for Venezuela... they will find something, for sure.

Some time ago I saw in TV (Again, Czech TV, seems like we are crypto idiots) some guy, who works as Financial advisor, claiming that "blockchange" is revolutionary technology, but Bitcoin is not interesting, interestin is "Das" (probably DASH)... it looks promising, because it has more fancy "blockchange". Really, was that guy expert, who should give advises to people, what they should do with their money?

Be careful about what you read. Think twice before you will invest your money into something which is adored by some article or bloggers or even youtubers. People like to be rich quickly, but do not do anything for that, such as do own research, try to understand the purpose and don't blindly follows someone's orders. It will take some time, but reward MIGHT be great. Good luck!

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Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d
BTCBitcoin8087.370$8.26%22.03%
DASHDash384.076$15.7%33.32%
USDTTether0.997$-0.33%-0.29%
XVGVerge0.094$8.52%74.01%

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