The sentiment on Bitcoin has turned negative on CNBC, with articles talking about how much money has been lost, the price going lower, and possibly to zero, and it's dying.
Literally five pages earlier on this Bitcoin page and they were talking about how wonderful it was, the bullish experts saying $40,000 by the end of this year, as the price was being suppressed downwards.
My question is, Who even goes to CNBC for news on Bitcoin?
And if you know anyone that does, give them this article you're reading and tell them to stop.
CNBC is just a mouthspeak for the people that own it to make a ton of money off of you, the public, especially as it comes to Bitcoin. The number one thing they talk about is the price, as it goes up and down they say "this is risky, look at the volatility", but volatility is what you WANT in a market. It's exactly how you make capital gains.
CNBC talks most positively about Bitcoin as the price is going down. Why? So that you can put your money in.
They start to talk negatively about it once it's gone down far enough. Why? So that you can sell your assets to them.
Bitcoin isn't going anywhere, it's fair valued, and the alt coins are for the most part, being suppressed out of this world. CNBC is just another wealth transfer tool as far as I'm aware, and if it wasn't, would they really be in business?
I'm anxious to see what'll happen around mid-September. This suppression is following a course that could make cryptos and silver the best buy of all time. Of course they want you, out.
This is not financial advice, do your own research.
And if you're still worried about the price of Bitcoin (and Silver):
Its just a game they are playing.
They need to throttle back crypto adoption while infrastructure is built to ensure me and you sell our crypto so they can in turn purchase it for cheap, then they will inflate the price. Don't sell / Hodl
Exactly, it is a game. As much as I've tried to make family aware, they seem to trust the headlines far more then my months of pure analysis. It is what it is.