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You can't trust anything Business Insider says. Earlier today they ran a story that was definitely advertising paid for by a VC. https://news.ycombinator.com/i
by kats 3y ago
You can't trust anything Business Insider says. Earlier today they ran a story that was definitely advertising paid for by a VC.
https://news.ycombinator.com/item?id=36866885 https://news.ycombinator.com/item?id=36866885
So who is to say their other financial stories aren't being paid for by someone.
- MrYellowP 3y agoFinancial media doesn't write for us, it writes for Big Money. It helps keeping prices down just as much as it helps pumping. When dumb money (that's an actual term used) starts to FOMO into cryptos, it's always because it got hyped by the media ... and when that happened, smart money cashes out, crashing the price. The FOMO is always caused by media and this must be true, because otherwise these people would have already known to invest. One can not ever trust a source that doesn't actually write for its audience. There are enough lemmings out there, who do as some perceived authority tells them to, that it's legitimate to say that mainstream financial media controls the flow of money of millions. This isn't even restricted to financial media. Regular newspapers have the same effect. Sometimes it just takes a simple oneliner: "Bitcoin crushed its AllTimeHigh!" Tangentially related: Jim Cramer, a Big Money shill.