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The Bitcoin hype cycle is driven by the mass media. Like this article, they pile on when BTC/USD exchange rate falls through the floor. During the period of st
by apo 8y ago
The Bitcoin hype cycle is driven by the mass media. Like this article, they pile on when BTC/USD exchange rate falls through the floor.
During the period of stability that follows, they're nowhere to be found.
After things have already turned around, they jostle with each other in an attempt to explain it all to Joe Sixpack.
What the article fails to mention is that each "pop" has left the exchange rate higher than the previous top.
Missed opportunity to investigate an emerging asset class with no direct analogy to anything preceding it, periodic manias or not.
- will_brown 8y ago>The Bitcoin hype cycle is driven by the mass media. It’s much more nefarious...the boom and bust articles are essentially ordered by individuals/groups with the influence as part of the market manipulations. It’s not entirely unlike what people refer to as submarine articles, what’s lurking underneath these publishing’s are attempts to move the markets (the first wall street movie actually does a decent job of demonstrating this practice in the 80’s for the stock market). These details will be exposed now that the SEC is beginning to target manipulations in these markets.