Do you think current prices on the market for each cryptocurrency are largely attributed to events in the mainstream world? I've noticed that every time the stock market goes up, crypto goes down in price. The same thing happens vice versa. Even Facebook's Libra announcement, had a positive impact in crypto's price within the short term. I believe this shouldn't happen in the first place as crypto was meant to distance itself from the centralized world. Linking mainstream events to crypto, will result more harmful than good, in my own opinion. Crypto should be independent from whatever happens in the outside world. Once this is achieved, cryptocurrencies will be able to reach prices far beyond reach. At least, that's the way I see it. Maybe I'm wrong. But, if crypto is truly linked with events in the mainstream world, we could have an idea when it'll rise in price or when it'll fall.
What do you think?
i think, its really hard to find correlation in those things, as theres just too many variables : / we live in a complicated world, and crypto markets are complicated themselves
Theres so much going on all the time that its the "broken clock theory". It must match up once or twice here and there, just by chance, theres too many lottery ticket variables constantly
NOW: thats not to say it NEVER does. things like Mastercard doing crypto or the libra thing, could definitely have direct impact on coins prices i believe, as cryptotrading IS a mostly speculative market
So if people lose/gain faith in a coin, it can cause surges easily. It prob best to just try accept what happens day by day, instead of looking for patterns in it (tho that IS a natural human thing tooso dont feel bad)
