Cryptocurrency Fake News is Everywhere
When President Trump points fingers and calls the media "Fake News", we all take the accusation with a grain of salt. However, I'm noticing that cryptocurrency news is regularly inaccurate and yet investors are making decisions based on Fake News. Not too many people are standing up and calling out the media for causing panic and possibly intentionally manipulating the market.
Examples:
- South Korea plan to ban cryptocurrency
- South Korea plan to ban cryptocurrency exchanges
- China plan to ban cryptocurrency
- India plan to ban cryptocurrency
- SEC cracking down on cryptocurrency
- China freezing bank accounts
These articles are starting to seem a little too much like a pre-coordinated effort to bring the market down. I haven't seen any repercussion from these media outlets reporting fake news regarding cryptocurrency. Every hour there is another "news" report with some doomsday theme about cryptocurrency. We don't get the real story for days or a week, because no-one is willing to publish it.
Headlines are starting to pop up like "Bitcoin price plummeted again due to fake news". It is getting pretty clear that cryptocurrency is being attacked. But Why? There is big money in Fake News. Some of the Fake News is just to get the attention of the readers while others could be intentional market manipulation.