No, Business Insider didn’t “change their prediction” – you cannot both complain about “biased media reporting” on crypto and when a medium reports in an unbiased fashion

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No, Business Insider didn’t “change their prediction” – you cannot both complain about “biased media reporting” on crypto and when a medium reports in an unbiased fashion

Sometimes you people are absurd. Right now, there's a post climbing to the top of "hot", titled

"Business Insider a few months ago: “Bitcoin price to $100k”. Business Insider now: “Bitcoin's slump could be the start of a crypto winter”

The OP read an article that talked about the possibility of a bear market and got really mad. That article is called

Bitcoin's slump could be the start of a 'crypto winter' that sees prices crash, UBS says. Here are three reasons why.

,emphasis by me (also in the following headlines). It reports on analyses by "analysts at investment bank UBS" and gives potential reasons why a bear market could be ahead. They make very clear that this is not their prediction, even in the headline. They report on stuff, they don't predict stuff.

Okay, so OPs criticism is that BI is too negative on crypto? Nope, he critizices that "they changed their predictions" and presents some articles from a few months ago, like

Bitcoin just surpassed all-time-highs, soaring above $66,000. A chief market strategist lays out why $100,000 is the next stop.

Bitcoin to $100,000, ether to $5,000: Famed investment strategist Lyn Alden explains her bullish predictions

for some of them he even fakes the headlines so they seem worse than they are: he altered

Bitcoin to peak at $100,000: Influencer BitBoy Crypto shares his journey into crypto, and explains why one of the worst bear markets ever could happen after the next big run up

to

Bitcoin to peak at $100,000

so he could make it seem like a prediction by Business Insider.

And you know what's the worst? He cherry-picked the current article. There were articles presenting bullish opinions by analysts 11 days and 3 days ago. And if you really need me to, I'll find you a few bearish articles from a few months ago.

"Their analysis" didn't change, they never had one. They present multiple opinions and predictions to their audience and hope it's intelligent enough to make up their own opinion. Well, I guess not all of them are.

tl;dr: you always complain that the media is so biased and one-sided – but if one medium presents multiple opinions and possible scenarios across the spectrum you don't like it either. make up your mind.

submitted by /u/mic_droo
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