BTC price moved by emotion and mood!

Hatat

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Quote from: n0ne on June 26, 2018, 11:25:29 AM

I don't find this to be an usual price move. Some external factors with the support from several business seems to be manipulating the entire cryptocurrency. The emotions and mood of the common man will think in such a way. There were several other factors affecting the life.

If they drop the price lower, we will buy more and promote bitcoin even more.

websoftwareengineer

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Quote from: CryptoRaymond on May 24, 2018, 09:28:43 AM

A study by finance professor Daniele Bianchi says that the prices of cryptocurrencies are influenced by the mood, hype and emotions of investors mostly rather than economic factors. It really sounds horrible. But I think it is partially true. Because if you see the number of people engagement with bitcoin, you will see that a large number of people came to this market after the vibe of BTC rising. And they entered here without gathering proper knowledge.

What do you think about this? What would be its effect???

In my own opinion, traders today are selling their coins based on their emotion because all they want is to earn more profit and since there are a lot of people today who are preferring to sell then it will just keep on dumping.

n0ne

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I don't find this to be an usual price move. Some external factors with the support from several business seems to be manipulating the entire cryptocurrency. The emotions and mood of the common man will think in such a way. There were several other factors affecting the life.

dunfida

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Quote from: Proton2233 on June 26, 2018, 10:03:18 AM

Quote from: Denker on June 25, 2018, 02:52:51 PM

Quote from: SixOfFive on June 25, 2018, 10:17:06 AM

I agree with your thoughts on this. Emotions are one of the most important factors that affect decision making. But emotions should not get over us. A good investor should be able to control his emotions for earning profits in the long run, as there are many ups and downs in the value of cryptocurrency. So what one can do is avoid checking the prices again and again, especially when the market is low.

Yes handling their emotions is the biggest issue many traders or retail investors have, especially at the beginning.
You can have read several books, know all the theory, but if can not be cool when it is needed you will very likely screw up your trade or investment.
That's the main reason why so many sell at the bottom or buy the top.
Often you have to do the exact opposite of what the majority is doing or thinking.
Buy when the majority of market participants is crying and sell when this majority is thinking about to get their first Lambos. Cheesy

In theory, it sounds simple but tell me why so many people are losing money. It is very difficult to deal with emotions. It seems to me that now the market is frozen in an emotional confrontation. Those who panicked have already sold the coins. There were only the most persistent. It's funny, but those who panicked at first won.

Most of the time we do hear out that we shouldnt panic sell but if we do try to elaborate or dig deeper and realize then those who panic sell or just sell off to take profits as soon as they can without holding or plan for long term do usually get benefits on bitcoins price. This is indeed correlated on emotion and once its being started specially when we do hear of on fuds or negative news circling around we do easily got affected and it do acts like on domino effect.

Harlot

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It is true, with whales doing the first move it is up to us to take the first bite on the bate or not. And if the small players do it can create a ripple effect in the market. People who succumb to their emotions while trading cannot be really called as investors as they are letting their emotions ruin their trade. Not to mention that bad news are always there for them to trigger panic in the market, they always think that one news can bring down the mighty BTC but the honest truth is they are the ones bringing down BTC.

Proton2233

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Quote from: Denker on June 25, 2018, 02:52:51 PM

Quote from: SixOfFive on June 25, 2018, 10:17:06 AM

I agree with your thoughts on this. Emotions are one of the most important factors that affect decision making. But emotions should not get over us. A good investor should be able to control his emotions for earning profits in the long run, as there are many ups and downs in the value of cryptocurrency. So what one can do is avoid checking the prices again and again, especially when the market is low.

Yes handling their emotions is the biggest issue many traders or retail investors have, especially at the beginning.
You can have read several books, know all the theory, but if can not be cool when it is needed you will very likely screw up your trade or investment.
That's the main reason why so many sell at the bottom or buy the top.
Often you have to do the exact opposite of what the majority is doing or thinking.
Buy when the majority of market participants is crying and sell when this majority is thinking about to get their first Lambos. Cheesy

In theory, it sounds simple but tell me why so many people are losing money. It is very difficult to deal with emotions. It seems to me that now the market is frozen in an emotional confrontation. Those who panicked have already sold the coins. There were only the most persistent. It's funny, but those who panicked at first won.

gabmen

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Quote from: alex M on June 25, 2018, 12:05:14 PM

Quote from: Vinalians on May 27, 2018, 08:08:50 AM

Maybe for some people but for me it is a no because I am investing in bitcoin not just I like it and my mood is good at that time I invested in bitcoin because I knew that there is a big potential on it and in the future it will changes our world. Think of it. It is the future.

Yes, I am more convinced that it's a no. But we have different perspective in making our own insights regarding this idea. Maybe some other people believe that phenomenon. But for me, price movement depends on the demands and supply which are changing every now and then.

Well if the market is like this, where there are really no significant fud or a reason for fomo, then yeah i don't think the movement is influenced much by the people. For sure the december pump last year though was caused by fomo and hype and what happened after that was fud and panic.

Denker

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Quote from: SixOfFive on June 25, 2018, 10:17:06 AM

I agree with your thoughts on this. Emotions are one of the most important factors that affect decision making. But emotions should not get over us. A good investor should be able to control his emotions for earning profits in the long run, as there are many ups and downs in the value of cryptocurrency. So what one can do is avoid checking the prices again and again, especially when the market is low.

Yes handling their emotions is the biggest issue many traders or retail investors have, especially at the beginning.
You can have read several books, know all the theory, but if can not be cool when it is needed you will very likely screw up your trade or investment.
That's the main reason why so many sell at the bottom or buy the top.
Often you have to do the exact opposite of what the majority is doing or thinking.
Buy when the majority of market participants is crying and sell when this majority is thinking about to get their first Lambos. Cheesy

jadenunderhill

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And that is why so cooled bitcain is worthlesss. Tjen you will see 2K, you will get it) HODL))))

alex M

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Quote from: Vinalians on May 27, 2018, 08:08:50 AM

Maybe for some people but for me it is a no because I am investing in bitcoin not just I like it and my mood is good at that time I invested in bitcoin because I knew that there is a big potential on it and in the future it will changes our world. Think of it. It is the future.

Yes, I am more convinced that it's a no. But we have different perspective in making our own insights regarding this idea. Maybe some other people believe that phenomenon. But for me, price movement depends on the demands and supply which are changing every now and then.

mriansa

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it seems that it does not change the bitcoin price it depends on the conditions and situations that exist in some media that provide requests and news about bitcoin when bitcoin there is good news then the price will move quickly and crowded.

vickybitcoin

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Quote from: CryptoRaymond on May 24, 2018, 09:28:43 AM

A study by finance professor Daniele Bianchi says that the prices of cryptocurrencies are influenced by the mood, hype and emotions of investors mostly rather than economic factors. It really sounds horrible. But I think it is partially true. Because if you see the number of people engagement with bitcoin, you will see that a large number of people came to this market after the vibe of BTC rising. And they entered here without gathering proper knowledge.

What do you think about this? What would be its effect???

This is why i think that the negative comments nd posts of other people posses a great threat to the down and up movement of any cryptocurrency because the morw people say positive comments about a certain platform the more people are incline to join and invest nd the more people say negative thing because of the down trend the more the price will fall. so we must uplift bitcoin and spread positive word.

SixOfFive

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I agree with your thoughts on this. Emotions are one of the most important factors that affect decision making. But emotions should not get over us. A good investor should be able to control his emotions for earning profits in the long run, as there are many ups and downs in the value of cryptocurrency. So what one can do is avoid checking the prices again and again, especially when the market is low.

laluna24

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Quote from: rat03gopoh on May 27, 2018, 10:50:17 AM

Yeah maybe, bitcoin prices are largely influenced by private investors. But still as if still controlled by the situation or external factors such as bad news and the volume of circulation in the market.

Bitcoin prices movements partly affects the moods and emotions of an investors. Yes it influences hows a person attack the market. Also as others said never be emotional during trades as this is really affects the market.

timerland

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Quote from: CryptoRaymond on May 24, 2018, 09:28:43 AM

A study by finance professor Daniele Bianchi says that the prices of cryptocurrencies are influenced by the mood, hype and emotions of investors mostly rather than economic factors. It really sounds horrible. But I think it is partially true. Because if you see the number of people engagement with bitcoin, you will see that a large number of people came to this market after the vibe of BTC rising. And they entered here without gathering proper knowledge.

What do you think about this? What would be its effect???

It's been known pretty much since day 1 of bitcoin speculation becoming a thing - bitcoin's pricing can be strongly influenced by mood of the market, or market sentiment. Even though it may be clear that bitcoin is entering a buy zone, people may still panic sell under the circumstances and drive prices even lower before bottoming out.

The effect isn't much, in my opinion. Only effect I could think of is that it's a reason why bitcoin is currently so volatile. People not yet are adopting it as a unit of account in trade, but more of an investment, which leads to increased volatility due to the psychological nature of trading. It's not really that big of a deal.

It's not something horrible. It's the case with any asset class that is being traded, not just bitcoin.

jasonhart

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I don’t agree with you. I think people invest in Bitcoin for its potential. BTC Bitcoin has a very good potential to invest and that attracts the investors.

Marlo Stanfield

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Quote from: CryptoRaymond on May 24, 2018, 09:28:43 AM

A study by finance professor Daniele Bianchi says that the prices of cryptocurrencies are influenced by the mood, hype and emotions of investors mostly rather than economic factors. It really sounds horrible. But I think it is partially true. Because if you see the number of people engagement with bitcoin, you will see that a large number of people came to this market after the vibe of BTC rising. And they entered here without gathering proper knowledge.

What do you think about this? What would be its effect???

I think that's pretty much almost certainly true. And it would be hard to argue otherwise because actually fully understanding where exactly Bitcoin and possibly other crypto actually fits in to the global economy in the long run is virtually impossible to really be confident about. Most people jump on the hype train, some try to do some actual analysis, but there are so many conditional factors like how it plays out politically and legally, that it's really difficult to just approach it from a quantitative perspective.

buwaytress

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Nothing really new nor surprising, though it might be useful to learn that the last Nobel Prize for Economics was awarded to a guy who proved that markets moved in directions that people failed to predict simply because every economic model and theory is based on logic.

And we, people, simply cannot help but be illogical. This isn't new in traditional markets and it's certainly no different in Bitcoin markets far from maturity.

rat03gopoh

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Yeah maybe, bitcoin prices are largely influenced by private investors. But still as if still controlled by the situation or external factors such as bad news and the volume of circulation in the market.

miyaka26

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Half right but he totally nailed it in some part that it is moved by emotion and moods, but overall you can look that it is all about the investors, holders, and traders, in short, the people behind the bitcoin community, it is moved by the emotions of the weak handed and newbie that wants a short time gains and rich without learning anything from this market.

Topic: BTC price moved by emotion and mood! (Read 407 times)