Shocking to see more inexperienced finance analysts claiming to be Bitcoin "experts"
Image source: pixabay - geralt
I was appalled by the news presented to me today from Press Websites such as NYPOST and Express.co.uk writing so-called expert articles on Bitcoin. The headline was sensationalized and content poorly put together more like a rant or snippet. Maybe they should just tweet a sentence and place tons of unrelated hashtags to it.
Referring to the 117-words "article" on NYPost by John Crudele titled, "Why Bitcoin May Soon Be Worth Nothing" was a waste of 2 minutes of my life. He managed to squeeze in keywords such as "fake", "bitcon", "Ponzi scheme" and "fraud" in his less-than-significant post.
It was not the first time John Crudele, New York Post columnist, wrote controversial headlines for example, "Census ‘faked’ 2012 election jobs report." where he used a single "reliable" source to claim election poll skew and what not. Fake news seems to be coming from somewhat dubious news agencies. I might as well listen to the chitter chatter on the subway.
Image source: pixabay - Wokandapix
In another piece of news, critics look at Bitcoin as a "failed" experiment "doomed to die". The news was seen on Express.co.uk - Owen Gough. Based on Owen Gough's Twitter page, he is a "25. Aspiring rich guy. Just a poor millennial in London. Valar Morghulis. Digital Technology Reporter ". Although mainly a gaming and tech writer, Gough occasionally weighs in on Bitcoin and other cryptocurrencies such as Ripple on how they fail.
Bitcoin's recent price drop has many "experts" coming out to say, "I told you so". This includes an article on TheSun - Sean Kreach where comments from Evgeny Chereshnev, founder of tech firm Biolink.Tech goes:
"At least 90% of all cryptocurrencies that exist right now are doomed to fail, die, or will basically be rejected, because the people who are primarily interested in them are money makers. They're not businesses, scientists, academics or retailers. In most cases, this is due to the initial supply and demand, and it basically just enables them to make fast money"
Source: TheSun - Sean Kreach
I have doubts over what is reported on the news online. Perhaps sticking to Forbes and Wall Street Journal is safer? I am no "expert" myself!
-tysler
Image source: pixabay - Kaboompics
Most of the coins have no use-case . They have not working product like this project are will be zero in few year. Sorry for my English. Waht do you think?
Yes I believe many coins and projects may be killed amd only the best will survive. For example, we have about 10 social media platforms that are actively in use today.
I believe it is a matter of time that these naysayers will start reporting bitcoin as the next dot com revolution. Every rise of bitcoin hypes it up. Every fall frames it as a ponzi
Exactly! I hope to naysayers can have more objectivity when speaking up
Maybe because most of the so-called "experts" now a days,are 18 yr old youtubers😂 giving "opinions" under the tag "Not a financial advisor. Do you own research.". Most don't understand that if people who would be interested in doing their own research, they would not be watching his opinions on youtube in the first place. I don't say all are same, but a majority of them are.
Dont you think this is logical, what is this happens this has nothing to do with the failure of crypto but the project who are not worthy;
"At least 90% of all cryptocurrencies that exist right now are doomed to fail, die, or will basically be rejected, because the people who are primarily interested in them are money makers. They're not businesses, scientists, academics or retailers. In most cases, this is due to the initial supply and demand, and it basically just enables them to make fast money"
Experts in mainstream media = writer workman
Knowledge, excellent grammar don't needed.
Just to clarify, there are probably more people in the crypto-space who know second to nothing about "the blockchain" than there is of the naysayers. Yet, they are calling big economy names: "the Bitcoin Naysayers who Have Insufficient Knowledge As 'Experts'".