Bitcoin in the News : 2018-11 More++

In last week's post, Bitcoin in the News : 2018-11 Price, I wrote, 'The month of November 2018 must show the worst chart for bitcoin during nearly two years.' I summarized the post with:-

When I look at the chart I see sideways price movement (= no movement) for the first half of the month, followed by three distinct downward price shifts. [...] These downward shifts can be roughly pegged to these start times:-
- 14 Nov 06:00
- 19 Nov 00:00
- 24 Nov 12:00

How to explain the drops? In separate 'Bitcoin in the News' posts a few months ago I highlighted two mainstream financial news services...

• 2018-06 More++ (July 2018) • CNBC
• 2018-07 More++ (August 2018) • Forbes

...by showing which stories had been published by the two news services. Let's do the same for November, comparing the stories from both services with the goal of understanding the November price movements. Of course, this isn't a comprehensive look at all of their stories -- it's a list of stories that were flagged by Google News, using whatever its criteria are.

CNBC:-

• 2018-10-31: Bitcoin turns 10 years old
• 2018-11-19: Bitcoin drops 12% to below $5,000
• 2018-11-20: Regulators investigate whether bitcoin price was propped up illegally
• 2018-11-21: Why you may want to leave bitcoin off the Thanksgiving dinner table
• 2018-11-23: Bitcoin tumbles again, loses a quarter of its value during Thanksgiving week
• 2018-11-25: Bitcoin extends losses, slides to lowest since September 2017
• 2018-11-27: SEC wants key upgrades in crypto markets before approving bitcoin ETF
• 2018-11-28: Bitcoin jumps 15%, lifting cryptocurrency market value by $20 billion
• 2018-11-29: Ohio 'rolls out the red carpet' for blockchain businesses by accepting bitcoin this tax season

Forbes:-

• 2018-10-31: How Gold Outshone Bitcoin In October
• 2018-10-31: Why Bitcoin May Make A Powerful Move Soon
• 2018-11-01: Initiative Q Founder Responds To Claims Calling The Bitcoin Competitor A Pyramid Scheme
• 2018-11-05: Write A Bitcoin Obituary Now, Before It's Too Late
• 2018-11-07: Bitcoin Ticks Higher As Overstock CEO Predicts A Cryptocurrency 'Revolution'
• 2018-11-08: Surprising Bitcoin Survey Reveals U.K. To Be A Nation Of Crypto Believers
• 2018-11-08: Initiative Q Won't Solve Bitcoin's Problem
• 2018-11-09: Bitcoin Mining (In A Mine) Without Breaking The Bank Or The Planet?
• 2018-11-14: Bitcoin And Crypto Market Plummets--Dealing Blows To Ripple (XRP), Ethereum, And Bitcoin Cash
• 2018-11-15: Big Investors Put $2.25 Million Behind Bitcoin Reward Startup Lolli
• 2018-11-16: The Five Stages Of Bitcoin HODLer Grief • 'Denial, Anger, Bargaining, Depression, Acceptance'
• 2018-11-16: Bitcoin Cash Forks -- Mayhem On The Markets
• 2018-11-16: As Bitcoin Sinks, Top ECB Banker Makes Bleak Warning Over Bitcoin 'Bubble' • 'Benoit Coeure, a European Central Bank (ECB) Executive Board member [...] labeled bitcoin "a combination of a bubble, a Ponzi scheme, and an environmental disaster"'
• 2018-11-19: Bitcoin Prices Have Fallen 75% From All-Time High
• 2018-11-19: Trader: Bitcoin Will Continue To Decline Below, $5,000 But Crucial Catalysts Exist
• 2018-11-19: Under $5,000 As Ripple (XRP) And Ethereum Fall--Here's Why
• 2018-11-20: Floor Found? Bitcoin Price Bounces As Sell-Off Slows
• 2018-11-20: Bitcoin: What Is Behind The Recent Plunge & How Bad Can It Get?
• 2018-11-21: Bitcoin Goes Crash, Now What?
• 2018-11-24: Bitcoin - Stick A Fork In It - It's Done
• 2018-11-26: Bitcoin, Ripple (XRP), And Ethereum Got Roasted Over Thanksgiving--Here's Why
• 2018-11-26: Bitcoin Crash Escalates, Equity Crash Developing
• 2018-11-27: As The Bitcoin Price Plummets, Its Dominance Is On The Rise
• 2018-11-28: The Trade Of The Decade: Betting On Bitcoin

Why are there more stories from Forbes? Because the service appears to have more writers covering the bitcoin++ topic. Since I have one extra Saturday this month to explore the topic, I'll use it to take a closer look at the relevant stories from both sources.

Before closing today's post, I have one more story to highlight. It's related to the first CNBC story, 'Bitcoin turns 10 years old':-

• 2018-11-01: How bitcoin has failed to achieve Satoshi Nakamoto’s original intent, in one chart (marketwatch.com) • 'What started in 2009 as an innovative currency solution, has become merely a hot asset class attracting more capital daily.'

The story is based on a Morgan Stanley report and copied the following chart.

'The evolution of bitcoin'

From 'Digital Cash: Untraceable but full Confidence' (Ha!) to 'New Institutional Investment Class' (Huh?), the 'Bitcoin/Crypto' believers have been one chasing one elusive thesis after another.