by mattdennewitz on 12/29/17, 7:08 AM with 1 comments
by mtgx on 12/29/17, 7:22 AM
The media is really doing cryptocurrencies a disservice by reporting on every up and down of their prices, especially when it's the "tech media" doing it, and not say stock-related media. Not to mention sites like TechCrunch basically have little clue about what is going on so they don't always report accurately what happened or what will happen.
I've also always said that I don't think price-related stories belong on HN. If the price skyrockets, then everyone who has invested in the cryptocurrencye just wants the stories to be seen as much as possible here and everywhere else, so the price can rise even further. If the price crashes, then everyone who has said that "Bitcoin is like the tulip mania" wants to show everyone else how "right they were" because "Bitcoin is finally crashing." (spoiler: so far, it's usually been proven they weren't right a few months later).
Anyway, I guess what I'm trying to say is that 99% of the price-related stories are either hype or FUD and they are worthless in essence.