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What exactly precipitates articles like this? Reading this headline I went to naturally go check the price of Bitcoin [1] and was expecting some... well somethi

What exactly precipitates articles like this? Reading this headline I went to naturally go check the price of Bitcoin [1] and was expecting some... well something. Instead it's up about 5% on the month, a bit more than 1% on the week. In my cynical mind this just reads 'It sure is a slow news day, but we need to put something out. I know! the old trusty Bitcoin is crashing... or something!' Is there some other event that precipitated this that I missed? [1] - https://www.coindesk.com/price/ https://www.coindesk.com/price/

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lawnchair_larry 8y ago
Bitcoin doesn’t really count. It’s about all of the Also Ran shitcoins/ICO scams that bitcoin spawned.
- Big_crimpin 8y ago
  Hey you take that back! My ClownBoingCloudCoin holdings are going to make me a millionaire as soon as the whitepaper is released in quarter 2 next year
coldtea 8y ago
>What exactly precipitates articles like this? Reading this headline I went to naturally go check the price of Bitcoin [1] and was expecting some... well something. Instead it's up about 5% on the month, a bit more than 1% on the week. It was $19000 last year and ~ $6200 today, doesn't that give you any pause?
- dagw 8y ago
  Sure, but why publish this article now. Bitcoin has been pretty stable (well stable for a crypto currency) for the past few month
- brazzy 8y ago
  It was already $6800 in February. What has changed since than to write about "Crypto’s 80% Plunge" now?
  - coldtea 8y ago
    Articles are not just for breaking news. They are also for reflective pieces covering a longer period of time.
- aedron 8y ago
  Par for the course price volatility for bitcoin.
shoo 8y ago
this is a fair argument for why you should never read daily news, and instead only read news that's a historical summary of the top N most important things from a trailing M year period.
cjhopman 8y ago
Did you read the article? You didn't even have to get that far into it: "Wednesday’s losses were led by Ether, the second-largest virtual currency. It fell 6 percent to $171.15 at 7:50 a.m. in New York, extending this month’s retreat to 40 percent. Bitcoin was little changed, while the MVIS CryptoCompare index fell 3.8 percent."

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lawnchair_larry 8y ago

Bitcoin doesn’t really count. It’s about all of the Also Ran shitcoins/ICO scams that bitcoin spawned.

Big_crimpin 8y ago
Hey you take that back! My ClownBoingCloudCoin holdings are going to make me a millionaire as soon as the whitepaper is released in quarter 2 next year

coldtea 8y ago

>What exactly precipitates articles like this? Reading this headline I went to naturally go check the price of Bitcoin [1] and was expecting some... well something. Instead it's up about 5% on the month, a bit more than 1% on the week. It was $19000 last year and ~ $6200 today, doesn't that give you any pause?

dagw 8y ago
Sure, but why publish this article now. Bitcoin has been pretty stable (well stable for a crypto currency) for the past few month
brazzy 8y ago
It was already $6800 in February. What has changed since than to write about "Crypto’s 80% Plunge" now?
- coldtea 8y ago
  Articles are not just for breaking news. They are also for reflective pieces covering a longer period of time.
aedron 8y ago
Par for the course price volatility for bitcoin.

shoo 8y ago

this is a fair argument for why you should never read daily news, and instead only read news that's a historical summary of the top N most important things from a trailing M year period.

cjhopman 8y ago

Did you read the article? You didn't even have to get that far into it: "Wednesday’s losses were led by Ether, the second-largest virtual currency. It fell 6 percent to $171.15 at 7:50 a.m. in New York, extending this month’s retreat to 40 percent. Bitcoin was little changed, while the MVIS CryptoCompare index fell 3.8 percent."