CRYPTOCURRENCY NEWS WEBSITES LIKE CCN AND COINTELEGRAPH GET CALLED OUT
If you have been following crytomarket fundamentals, then you have probably been watching closely news websites. If not then still continue to read because this could be an eye opener. Among the most popular sources for crypto news, because they are experts at reaching their followers. CCN and Cointelgraph are visited and followed by the averga joe investor in the crypto space.
By paying close attetion, you can observe that when these sites publish bullish articles about bitcoin, then a crash is on the horizon and prices fall. It's important to notice that these sites post sponsored articles. Also take note on the domino effect that takes place. By this I mean that one site publishes an article and then the same information appear on the others.
So why does this matter? Mainly because the bitcoin trading market is still very small. According to an article really theres about $4 billion worth of bitcoin that get traded, and $3 billion worth of Tether. This means that it is very easy to influence market prices with news and rumors.
How to not be fooled?
Read between the lines and dig deeper
Most of the articles published by cointelegraph are all headlines and no content to back it up. Usually there is an alarming headline, and then when you actually read it through you realize that it's not news yet but a rumor and nothing has been denied or approved or whichever the case may be.
I advice you to be on the lookout, be skeptical, a critical thinker, and always read between the lines.
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