Bitcoin appeared in 2009, eight years, the total value of the circulation of bitcoins up and down 200 billion US dollars. Bitcoin was declared "dead" by the media countless times. However, it is undeniable that the media has a huge influence. Therefore, with each media claim that "bitcoin is dead", the price of bitcoin will drop sharply. The magic is that every time Bitcoin is alive, its price has hit a new high all the way. In other words, in the face of so-called drug poisoning amateur media reports, bitcoin gradually developed "resistance", negative media coverage for the impact of bitcoin prices getting smaller and smaller. What will eventually destroy bitcoin? If there is a force that can destroy bitcoin, it must be human greed.
Investors can destroy Bitcoin and the current Crypto market. Investors are the ones who decide the survival of all, it will continue to exist as long as the investor, and it will disappear when investors abandon it to choose a new more potential.
Unfortunately this is very true and with the current crop of investors that we have, that is those who are quick to immediately sell when they hear rumors or FUD, This is actually one of the reason why the value keeps plummeting all the time and the currency is so volatile.
Just like any investment mechanisms when investors pull out their investments from a certain company, it slowly becomes obsolete thus terminating its existence in a short matter of time. Unfortunately, the recent news circulating about bitcoin are mainly prejudicial conspiracies that primarily affects its price on the market supply which makes investors skeptical.
Bitcoin appeared in 2009, eight years, the total value of the circulation of bitcoins up and down 200 billion US dollars. Bitcoin was declared "dead" by the media countless times. However, it is undeniable that the media has a huge influence. Therefore, with each media claim that "bitcoin is dead", the price of bitcoin will drop sharply. The magic is that every time Bitcoin is alive, its price has hit a new high all the way. In other words, in the face of so-called drug poisoning amateur media reports, bitcoin gradually developed "resistance", negative media coverage for the impact of bitcoin prices getting smaller and smaller. What will eventually destroy bitcoin? If there is a force that can destroy bitcoin, it must be human greed.
Investors can destroy Bitcoin and the current Crypto market. Investors are the ones who decide the survival of all, it will continue to exist as long as the investor, and it will disappear when investors abandon it to choose a new more potential.
I both agree, media, investor or people who are negative about bitcoin can possibly destroy it. Some people will use bitcoin to scam so that they can earn money. With that impact people now will not believe and invest to it.
Well indeed, media has the capacity and power to influence new/existing investors regarding the circulation of news about bitcoin. Remember, everything that involves money also implies that there may be an underlying reason behind such news, backed out by the government or large trading companies who wants to oust bitcoin out of the picture.