Guest Post

The‌ ‌Effect‌ ‌of‌ ‌Media‌ ‌on‌ ‌Bitcoin?‌ ‌

Author: Coinpedia

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Crypto Journalist and Editor of guest articles in CoinPedia. I am also handling Outreach & Partnerships Manager. Contact me: [email protected]

    There are billions of mobile users in the world because today’s era is the Every ordinary person has a smartphone because it is necessary, like other necessities such as food, shelter, and clothes. New things are coming with new and advanced technology. Almost all the businesses in the world are accepting online payments, even the physical or offline stores. Media is also becoming popular, and many people use mobile phones and media to increase their knowledge.

    Still, they are in the trap because the media is affecting our lives and essential decisions. We use social media like Instagram and Facebook for watching and reading news. Because no one is reading offline news or watching television; instead, people are using mobile phones because everything is available on the small pocket-size screen. But here, a question arises, How is media affecting the bitcoin price? So in this article, we will discuss the media’s lousy effect that affects the bitcoin user’s buying decisions. So without wasting time, let’s understand the absolute truth of the media.

    How media is powerful in this digital era:-

    When the internet came, it changed the perspective of people 360 degrees. After the jio revolution in India, people became addicted to the internet or mobile phone. All the information is available on the internet. In the past, we used televisions to watch the news and newspapers to read offline. Now we read news digitally through articles because there are a lot of news websites and applications. We are watching the news on the internet instead of using big-screen, i.e., television. We can say, the media is the king, and people are following this king.

    We are influenced by the catchy headlines that especially made us spend time on their channel, websites, or applications. Many headlines and videos become viral because social media has made it easy by adding the sharing buttons. Just click on the share button, and your friends or relatives will, or your followers will receive that news. Bitcoin is the same as the internet that means if the internet cannot stop, then bitcoin also cannot stop.

    Many people share the news with their friends circle without knowing the truth of gathering the facts, and it affects bitcoin and other decisions badly. Media is the most significant cause of love and hate, and needs viral content.

    Changing the Buying Decisions:

    Media affects the bitcoin buying decisions badly because billions of users are using the internet and social media. Viral content such as viral headlines of news or blogs or viral videos will affect the buying decisions of bitcoin that tremendously affect the bitcoin demand and supply. Many people make bad or wrong decisions by trusting the media.  You do not know the truth, but you believe this news.

    Why? Because it is the power of the media. Many people will make decisions in a hurry because the headline compels people to buy bitcoin by creating an emergency. Many people will invest in bitcoin, and when the price decreases, they will panic and sell their bitcoin, and the price will decrease. Many people will suffer loss because of this headline. So the media has the power to change the buying and selling decisions of users. The viral news can increase or decrease the price of bitcoin. So please do not believe in the viral news because it will pump the price for short terms, and after that, the price will decrease.

    A lot of news is fake, and I can also make a news website and post these fake articles to generate more traffic and revenue. However, it is just a source of revenue, and people do not understand the absolute truth.

    There are the following points how media is affecting bitcoin:

    • First, it will compel you to buy bitcoins or sell bitcoin through their headlines or posts.
    • There are a lot of social media pages on Instagram and Facebook, and some of them are not real. They are just posting to gain followers and likes.
    • Beginners can suffer loss because they will buy or sell bitcoin by listening to the social media news and videos.
    • It is fluctuating the price of bitcoin. When news about cryptocurrency or about a particular coin gets viral, people make decisions on its behalf. 

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    Crypto Journalist and Editor of guest articles in CoinPedia. I am also handling Outreach & Partnerships Manager. Contact me: [email protected]

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