RE: The 3 Reason Behind the Crash by ricko66
Viewing a response to: @ricko66/the-3-reason-behind-the-crash
investors-group·@captbenwillard·
0.000 HBDI would say its NOT a news driven decline but an EXCUSE driven one. Every big media and financial institution on the planet missed the story on cryptocurrencies -- proving themselves total failures as info and advisory services. The only way they can recover some credibility is too have cryptos decline massively, and then claim blockchain was only a fad not news or revolutionary tech. OR "b", they can do what they are doing: which is put out news stories to explain sell offs and rises, convincing you that the media understands the market. And even drives it. It's the same game they've played for decades with stocks. Truth is "animal spirits" drive market swings, ie emotions; likewise, longer term market trends are driven by the reality of new tech slowing sinking into the public conscious. Neither of these is EVER explained by the media.
👍 ricko66,