![]() ![]() While the CNBC Curse may seem mystical and otherworldly, what unites these misguided souls is an undying belief in Bitcoin. “If someone bought at or close to the top, and then prices declined sharply, I could see why that would be aggravating.” He has not “seen the excitement extend into truly euphoric territory just yet, so I feel ok about this rally.” Carter added, “Retail is just less interested in the asset class this time around.”Ĭharles Bovaird, a crypto analyst at Quantum Economics, said that the paranoia may stem from bad experiences in the 2017-2018 bull run, which was in part spurred by all the media coverage. 1.45M subscribers Welcome to Around the Blockchain, a new cryptocurrency show where we bring in the TOP crypto experts to discuss the latest developments in the space. Nic Carter, a venture capitalist at Castle Island Ventures, told Decrypt that he does not think that Kelly’s appearance on CNBC suggests Bitcoin-mania. ![]() Some savvy investors would look to sell.” Then Peters quoted Warren Buffett: “Be fearful when others are greedy and greedy when others are fearful.” When asked about the theory, Simon Peters, a market analyst at trading site eToro, told Decrypt that there’s “Some truth to it I suppose. ![]() Given the lack of research around the topic, the theory’s hard to disprove. The #Bitcoin top is in when CNBC starts analyzing again. Look at previous market tops in bitcoin and markets and what was communicated on the news. Wilco van Boxtel, a crypto trader, told Decrypt that the “Curse” is a “well known fact under traders.” When asked for evidence, Boxtel said, “Part of untold trader secrets. “A lot of crypto twitter just find it funny when the mainstream media wade into crypto and make pronouncements as if they know what is happening because those of us closer to it see how rarely it is possible to have a clue what is going to happen next,” they said.īut others take the “Curse” more literally. Mathew, like others, thinks the curse is more of an inside joke than a trading signal. “I think there is an underlying sense within cryptocurrency communities that mainstream media don't understand much about crypto and by the time they catch onto something it is too late,” the pseudonymous operator of Million Fiat Homepage, "Mathew," told Decrypt. Then the price crashed at the beginning of 2018 and Bitcoin news stopped circulating among the masses. At the tail end of 2017, Bitcoin was everywhere, part of the 24-hour-news cycle and the investment of the year. It’s not that Kelly or CNBC crash Bitcoin’s price, but that his presence on CNBC shows that Bitcoin has hit the big time once again. ![]()
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