Hacker News Reader

Comment by jaxondu | Hacker News Reader

Did not read the article, looks like someone is writing to boost the rise. As of this writing BTC is about $18.6k. It was hovering around $19.5k this past weekend.

View on HN

You didn't read the article but people had to read your comment. I'm not sure why people do this, isn't Reddit available for that?

I don't see why Bloomberg journalists (or the corporation responsible for selling terminals, software, datafeeds and such) would care one way or another about the rise. Or drop.

This seems to be the case with most of the articles about Bitcoin. I suspect there are a number of large holders and exchanges paying PR firms to get stories like this published/upvoted/etc and keep the train going.

I don't view Bloomberg as a paid-to-write-articles-to-sell type of place [edit: other than advertising space]. Otherwise no one would be taking them seriously, least of all financial professionals sitting in front of their expensive terminals.

Call me skeptical about the alleged claims about Bloomberg's motives.

Also the article doesn't contain mind-blowing information, it's just pointing out that shorting isn't happening yet.

I'm not suggesting Bloomberg is accepting money, but individual writers would be a much softer target.

It's also possible that the writers are invested in Bitcoin themselves.

Anything is possible, but an accusation of bad faith requires more than the off chance that the accuser is correct. Some argumentative support for the accusation, for example.

Reply on news.ycombinator.com