Post
Topic
Board Altcoin Discussion
Re: Do you really think news can change the Crypto Market Sentiment very easily?
by
CryptopreneurBrainboss
on 08/04/2020, 04:43:27 UTC
Crypto news is one of the major player of market manipulation. It's a tool used by whales, who are the owner of the news agencies that gives a biased news or even the real one after making significant market change. Sometimes they are also supported by the insiders of different project. The team leaks the news themselves to others and they make the market move accordingly before publishing it.
Is this only a presumption or do you have evidence to back your claims? I've never heard of whales owning news agencies. The "insiders" part is true though - if you're a whale, it means you have a ton of money so you do have contact with some key persons from the crypto world.

I don't think he needs any proof to back his claims as by just observing you can easily notice this. The Media has  more bigger audience and rhe general public tends to rely on them for their everyday information. If they decide to hype a certain propaganda it affects the market either negatively or positively. Trump's hate speech on bitcoin had no immediate impact until the media decided to hype it by constantly repeating it and other media source followed making the speech a norm in the space and it affected the market negatively.

In the real world we know, this media platforms are responding for some unnecessary attention given to things such attention shouldn't be given to. They hype certain news that profit then while down playing others. Information is power which means anyone who has control over the information control the power.