Bitcoin Market Price in Respect of News - page 2.

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Quote from: flyingcarpet on August 15, 2023, 01:23:49 PM

Quote from: imamusma on August 14, 2023, 02:59:47 PM

-snip-

We've got nothing but Halving. I know prices will go up, but I think it's too early yet. Bitcoin price is no longer affected by negative news as much as before. We have seen this in many news. So the market may be sensitive to negative news, but Bitcoin is not as affected as other coins.

There is an expectation in the market that the price of Bitcoin will decrease. Bitcon has been stuck at 29k 30k prices for a long time. The expectation of decline must be met before the price begins to rise. Of course, I think this way, maybe the price will go up without ever falling.

There's not much I can say other than asking you to look at the actual market conditions. The market is volatile all the time and you cannot avoid that negative news like FUD and big news in the mainstream can influence the price to go down. Believe me, bitcoin has a correlation with such things in low and high percentage due to the influence of traders.

Something is not completely certain, especially about speculation about the future price of bitcoin. The market will be affected by anything, both news and others, such as politics and world financial conditions, even a pandemic can affect prices.

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Quote from: flyingcarpet on August 15, 2023, 01:23:49 PM

We've got nothing but Halving. I know prices will go up, but I think it's too early yet. Bitcoin price is no longer affected by negative news as much as before. We have seen this in many news. So the market may be sensitive to negative news, but Bitcoin is not as affected as other coins.

There is an expectation in the market that the price of Bitcoin will decrease. Bitcon has been stuck at 29k 30k prices for a long time. The expectation of decline must be met before the price begins to rise. Of course, I think this way, maybe the price will go up without ever falling.

We have ETF pending approval that submitted by Blackrock which starts the current hype for ETF once again on crypto market. Halving is too far to be considered as relative to the current price pump since the price reacts on current news being headline on news channel.

I believe the inflation gives a price boost too since some of the fiat holders is using Bitcoin to escape from inflation that hitting hard the fiat especially the USD.

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Quote from: imamusma on August 14, 2023, 02:59:47 PM

Quote from: bitbollo on August 14, 2023, 12:41:05 PM

My opinion...There are many reasons for a change on this price trend.

We are pre halving (previous years there was no pump before halving), price Is already up of 70% YTD, general bear market due high inflation/post COVID-19 season, I mean, there are always many factors to be taken in count.

Exactly, and in my opinion this is a reasonable condition. Many things can affect the price of bitcoin and cause its price to fluctuate, of course news is one of them.

With regards to the halving, I also believe that some correction may be coming. The market is still very sensitive to negative news, some even see it as manipulation. There's a lot to factor in although ultimately I do believe in the price potential in the long term. Current market conditions allow for accumulation, but still consider DCA to anticipate falling prices.

We've got nothing but Halving. I know prices will go up, but I think it's too early yet. Bitcoin price is no longer affected by negative news as much as before. We have seen this in many news. So the market may be sensitive to negative news, but Bitcoin is not as affected as other coins.

There is an expectation in the market that the price of Bitcoin will decrease. Bitcon has been stuck at 29k 30k prices for a long time. The expectation of decline must be met before the price begins to rise. Of course, I think this way, maybe the price will go up without ever falling.

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Quote from: bitbollo on August 14, 2023, 12:41:05 PM

My opinion...There are many reasons for a change on this price trend.

We are pre halving (previous years there was no pump before halving), price Is already up of 70% YTD, general bear market due high inflation/post COVID-19 season, I mean, there are always many factors to be taken in count.

Exactly, and in my opinion this is a reasonable condition. Many things can affect the price of bitcoin and cause its price to fluctuate, of course news is one of them.

With regards to the halving, I also believe that some correction may be coming. The market is still very sensitive to negative news, some even see it as manipulation. There's a lot to factor in although ultimately I do believe in the price potential in the long term. Current market conditions allow for accumulation, but still consider DCA to anticipate falling prices.

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My opinion...There are many reasons for a change on this price trend.

We are pre halving (previous years there was no pump before halving), price Is already up of 70% YTD, general bear market due high inflation/post COVID-19 season, I mean, there are always many factors to be taken in count.

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Quote from: _BlackStar on August 14, 2023, 12:05:26 PM

Quote from: 19Nov16 on August 14, 2023, 08:08:24 AM

If we pay attention to the current market conditions, it certainly makes us have to be patient, leaving bitcoin for a moment and doing other activities such as camp or to the beach is a thing that can make us not too dizzy with the current price conditions, it is natural that many predictions that the increase will begin end of the year or still about 3 months.

Hmmm - even you don't have to go anywhere if you are a long term investor. You only need to do the routine as usual while continuing to ensure the security of your storage wallet remains safe. I don't think long term investors in bitcoin should be concerned about market conditions all the time - of course that's not good for your mental and psychological health.

You know - long term investors tend to expect passive income on the assets they invest. Let the market work as it should - you just have to be patient and wait for the best time to take profits. After all you can set a selling price for your asset if you actually hold it on an exchange ^{[not recommended],} but for safety advice - you should just store it in a non-custodial wallet while waiting for the price to settle with you.

Long-term investors certainly have to enjoy their lives, enjoy every activity. No need to think about how the market moves. What needs to be considered is the security of their wallet and If you have a backup plan in case of a market crash, it's a good idea to make a buy back or do a DCA if that's necessary. The price target has been determined and we are just waiting for the price to rise to reach the target price. Long-term investing provides good mental health, less involvement with market charts that stress some people out.

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Quote from: 19Nov16 on August 14, 2023, 08:08:24 AM

If we pay attention to the current market conditions, it certainly makes us have to be patient, leaving bitcoin for a moment and doing other activities such as camp or to the beach is a thing that can make us not too dizzy with the current price conditions, it is natural that many predictions that the increase will begin end of the year or still about 3 months.

Hmmm - even you don't have to go anywhere if you are a long term investor. You only need to do the routine as usual while continuing to ensure the security of your storage wallet remains safe. I don't think long term investors in bitcoin should be concerned about market conditions all the time - of course that's not good for your mental and psychological health.

You know - long term investors tend to expect passive income on the assets they invest. Let the market work as it should - you just have to be patient and wait for the best time to take profits. After all you can set a selling price for your asset if you actually hold it on an exchange ^{[not recommended],} but for safety advice - you should just store it in a non-custodial wallet while waiting for the price to settle with you.

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If we pay attention to the current market conditions, it certainly makes us have to be patient, leaving bitcoin for a moment and doing other activities such as camp or to the beach is a thing that can make us not too dizzy with the current price conditions, it is natural that many predictions that the increase will begin end of the year or still about 3 months.

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Quote from: Sebas.tian on August 14, 2023, 01:41:20 AM

I agree with you that news affect Bitcoin price positively or negatively in the market which we have seen last year 2022, which the news came through the researchers that the price of Bitcoin and cryptocurrencies price will dump through out the season, which it happened through out the year to allowed both long term holders and short term holders to used the advantage to buy a huge amount of coins and hold for this season. Since the price of Bitcoin has increased to $30,000 early this year before it decreased to $29,445 few hours ago, show that new price will break out before the end of this month for the price to hit $40,000, so that holders will have the confident to start releasing their Bitcoin for profit making in the market.

But this news doesn't always have a positive impact or is in line with what's happening in the market, especially news about price speculation from experts, I think a lot of it misses, but for news about the world's finances and economy it has quite an effect on Bitcoin price movements, both it positively or negatively.
I don't believe in the price of $ 40,000 at the end of this month, many experts have predicted this since a few weeks ago, but in fact until now the price of Bitcoin tends to be stable, always at a price close to 30k.

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Quote from: Stepstowealth on August 09, 2023, 07:43:45 AM

Quote from: 348Judah on August 09, 2023, 06:13:25 AM

There's more to say and discuss on how the influence of news could alter the market price for bitcoin even though this may not be much felt but the impact of news has its own little way of contributing to the bitcoin market price,

The news coupled with other events have effect on the market, they fall under fundamentals and what you will analyze fundamentally if you trade cryptocurrency. The nature of the news can influence people's action in certain ways. A positive news about bitcoin will encourage people to buy, while bad news concerning bitcoin will make people who have bitcoins want to sell, or reduce the demand for bitcoins which then affects the price. The news influences the price of bitcoins.

Actually you are perfectly correct, because its a news that determine the increment of bitcoin and decrement of bitcoin, from my first comment I made here that is what I portray very well, so I believe many people will not understand especially newbies that negative information concerning bitcoin can make the market to against the wish of the market, some people doesn't develop the interest to buy any cryptocurrency when their is a negative information that concerns bitcoin degradation in value and the investors will like to watch and understand the movement of the market before going into it, but some people doesn't believe agree in such and they will invest, at a point they will run out of profits because the market might continue to go low, so I believe that bitcoin market is very strength forward something and two things can trigger its rising and falling

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Quote from: Nrcewker on August 10, 2023, 07:57:25 AM

News really play an important role in manipulating the price. Now whether the news is good or bad, it really diverts the flow of the price. The news influence the people and they do the necessary actions next. We know that Bitcoins follow the policy of supply and demand, hence the price goes up when the demand to accumulate it increases by the people. This happens due to the fix supply of the coins. So when there is good news about the coin, more people shows interest and buy the coins and hence the news is affecting the price.

Yes i also think news impact on price. News play important role in market price there has no doubt. Some days ago we saw ripple won the case and then ripple price huge pumped within short time. And when El Salvador accepted Bitcoin as national currency then bitcoin price huge pumped. I think news is big matter for cryptocurrency market. When FOMC meeting held then We saw Bitcoin price huge up and down. If we saw positive news then Bitcoin price huge pumped and when news were negative then Bitcoin price huge dumped. Now Bitcoin price is near about $29k stable from some days, if we saw any positive news then Bitcoin price will go up otherwise we will see it will go down. So we have to wait for positive news who are invested on bitcoin. Overall considering we tell News play big role on Bitcoin and cryptocurrency market there has no doubt.

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I agree with you that news affect Bitcoin price positively or negatively in the market which we have seen last year 2022, which the news came through the researchers that the price of Bitcoin and cryptocurrencies price will dump through out the season, which it happened through out the year to allowed both long term holders and short term holders to used the advantage to buy a huge amount of coins and hold for this season. Since the price of Bitcoin has increased to $30,000 early this year before it decreased to $29,445 few hours ago, show that new price will break out before the end of this month for the price to hit $40,000, so that holders will have the confident to start releasing their Bitcoin for profit making in the market.

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We have what triggers bitcoin getting increased to a particular point and also get decrease, what can stop bitcoin or affect the chances of bitcoin increasing and chances of decreasing and people will get astonished or be wandering while is bitcoin that increased a moment now is getting decreasing, so it's as result of negative information passed across concerning bitcoin, so I believe that bitcoin bitcoin that demand and supply of the gravity of this two things can affect the chances of bitcoin getting decrease neither getting increased, that is while we always emphasise on a particular point that bitcoin price is not predictable because the market can change at any point in time.

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Well, talking about the role of the media, of course, has a correlation and it has an impact not only on the price of BTC. But, other investment asset components as well. Even though today the market tends to be green, some market analysts still see that the brightness of Bitcoin is still temporary, because investors tend to invest in the short term.

In my view, at this time Bitcoin will still sell in the price range of US $ 30,000-US $ 29,000. the reason is simple because Bitcoin volatility still tends to be high, meaning that global macroeconomic conditions are still stagnant. So, one more thing, as you said above, the Fed also determines the speed and means of achieving this goal.

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Quote from: 348Judah on August 09, 2023, 06:13:25 AM

There's more to say and discuss on how the influence of news could alter the market price for bitcoin even though this may not be much felt but the impact of news has its own little way of contributing to the bitcoin market price, information reaching that the FED take a new dimension on bitcoin approach seing it as a currency and given it due recognition in cryptocurrency might be the reason for the shift we had as seing that bitcoin gets to $30,000 few hours ago before coming down to $29,880 what are your opinions and thoughts on this.

https://twitter.com/BitcoinMagazine/status/1689020443091460097?t=TAvL7VkY61CjyiTxhPjU2A&s=19

News will always bring impact to the marekt , either it will be having FUD inside or legit news,
always people seeing it a place where they can charge the market , from investing to taking out their funds.
so I believe that news such this has one of those mention characteristics .

Quote from: Sim_card on August 13, 2023, 04:00:52 PM

Bitcoin price movement can be affected by news because if there is good news from the government on bitcoin then the price will pump since more people will buy bitcoin and if there is FUD on bitcoin the price will dump,since more people will panic and sell their bitcoin. However there is the most noticeable even of bitcoin that caused pump in bitcoin price with news or without any new which is the bitcoin halving. The moment SEC approves ETF bitcoin we will see a rise in the pump of bitcoin because this is good news to cryptocurrency.

not just from the government but also from influential people that has big investments and circulating supply inside their pocket.

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Quote from: Franctoshi on August 13, 2023, 05:43:43 PM

Initially, when I started my journey as a trader I was not taking news events as seriously as the way I see them today because I'm a full-time Technical Analyst until the last year 2022 when I saw the massive impact that news has on moving prices, News events such as the FOMC meeting, and interest rate data reports, maybe some negative or positive news in the crypto space like we witnessed last year with Luna crash and FTX collapse.

That is how it changes the market trend and it influences a lot which a trader must have to look at and consider when to buy and when to sell.
This will imply how important to take the news as a part of a Technical Analysis. And that is why we can't compare the past, whatever happens before we can't expect it to happen today and in the coming years because the market sentiment changes from time to time and also the behavior of investors.
Indeed, the Luna scam issue has a huge negative impact on the market, and definitely, we can still witness the same scenario someday.

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Initially, when I started my journey as a trader I was not taking news events as seriously as the way I see them today because I'm a full-time Technical Analyst until the last year 2022 when I saw the massive impact that news has on moving prices, News events such as the FOMC meeting, and interest rate data reports, maybe some negative or positive news in the crypto space like we witnessed last year with Luna crash and FTX collapse.

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Bitcoin price movement can be affected by news because if there is good news from the government on bitcoin then the price will pump since more people will buy bitcoin and if there is FUD on bitcoin the price will dump,since more people will panic and sell their bitcoin. However there is the most noticeable even of bitcoin that caused pump in bitcoin price with news or without any new which is the bitcoin halving. The moment SEC approves ETF bitcoin we will see a rise in the pump of bitcoin because this is good news to cryptocurrency.

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Quote from: 348Judah on August 09, 2023, 07:35:07 AM

Quote from: Wiwo on August 09, 2023, 07:04:37 AM

On a second note you mentioned that the FEC consider bitcoin as a currency in your statement, but the link you shared does not mention anything like that, but if Fec truly approve Bitcoin as an asset or a currency that will indeed impact the value of bitcoin and most other assets that are pegged to Bitcoin.

This exact statement may not be captioned on the headline but we are all familiar with how SEC recently identify bitcoin from other cryptocurrencies as the only digital asset they recognized, which means the government itself as a whole is getting to understand the difference now between bitcoin and other cryptocurrencies, there comes in a little stir whenever government made mention of anything that have to give credit to bitcoin, same also was when the approval for spot bitcoin ETF was made and when the first display of interest was made, the breaking news make a stir in the market price.

The reason behind that is that a very large number of people depend on these news channels and the authorities to be able to take a step and they can't do it themselves, they believe that what these entities say is actually the truth and not what we see and learn. If news channels start going against Bitcoin and show it negatively to the public, I'm pretty sure that a lot of people will react to that, and people in large quantities will start selling their assets right away.

This is the reason why the cryptocurrency market is so sensitive to any news whether positive or negative. This thing has decreased heavily since the beginning because it used to be even more sensitive before but nowadays, the reactions are not that severe and the market doesn't take that big of a hit from these news and stuff.

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What we should keep in mind is that as the bitcoin keeps growing in terms of popularity the more news spreads about bitcoin and it has a crucial effect towards the pricing of bitcoin. People do capitalized on whatever news they derived from media be it TV stations or social media this effect changes the price and whatever positive news gives birth to increase whereas negative news keeps decreasing the price or causing it to be stationed at a place for so much long without any changes. For instance, bitcoin price has been hovering around $28k to 30k for long now this could be as cause of strong effect of news or possibly selling action being carried by traders.

Topic: Bitcoin Market Price in Respect of News - page 2. (Read 504 times)