Can human stupidity affect the movement of the market? - page 21.

Freddie Aguiluz

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Quote from: Dimon8 on June 14, 2018, 02:35:15 PM

Hello, community. Political, economic and social news in the media significantly affect the life and behavior of the crowd. How can crypto news affect the movement of the market?

Yes, obviously, the majority of the people control the market the if the majority of the people have the stupidity we call the they can control the market awefully.

crazycatwoman03

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Quote from: gamalzour on June 21, 2018, 04:42:43 AM

Quote from: Dimon8 on June 14, 2018, 02:35:15 PM

Hello, community. Political, economic and social news in the media significantly affect the life and behavior of the crowd. How can crypto news affect the movement of the market?

It can affect the price rate of Bitcoin and other cryptocurrencies in a lot of ways. But this is a normal thing, the price still has it fluctuate, it happens in every market and without it I don’t think there will be anything like loss and gain. In Bitcoin, whenever some people are making profit there are also others that are making loss in it. That’s how it works. So all you have to do is not mind this and focus on making good use of your money and making better profit.

Bad news could really affect the movement of the market big time. An example of this, what is currently happening right now. I think because of the pump last December 2017, people find a way to trick other by inviting them to invest. There was a big noise about the pump especially about how big profits earned. With that, people are being invited to invest with the promise of gaining but month by month the price started to fall until now and because of that, profit seems impossible to earn. Those who invested since Dec 2017 have lose for sure and those who did not clearly understand what volatility is and how bitcoin is volatile must be devastated with huge loss. Therefore, accusing people who invited them and bitcoin as a scam.

elysion

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Of course, the media and even other people can affect the movement of the market. Many media tools that are under state and bank control can make aggressive explanations against crypto market. Both media and some people can show them as useless. I have seeen samples of it many times. Also, panic selling affects the value of the cryptos.

ov3rflow9x

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Quote from: Dimon8 on June 14, 2018, 02:35:15 PM

Hello, community. Political, economic and social news in the media significantly affect the life and behavior of the crowd. How can crypto news affect the movement of the market?

Even furthermore I have heard that some guys are making the false news, in order to manipulate the price of particular coin, to buy or sell it for a good price.

crypki21

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Definitely yes! Media and news can massively affect people's way of thinking, even if they are not necessarily valid information. People can panic, e.g. when BTC price goes down, sell everything and that can affect the whole market

boddy.dy

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Yes of course human stupidity can affect the movement of the market. In everything and aspect here in world, human stupidity is the most thing that can affect. It is very hard to prevent the effect of the human stupidity because this can produce chain effect like one stupidity can be followed by others that don’t know that this is wrong. Just like in market if someone buy or invest in something that is not really profitable and this move was been spread to others surely all those people who follow that stupidity will have the same effect.

gamalzour

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Quote from: Dimon8 on June 14, 2018, 02:35:15 PM

Hello, community. Political, economic and social news in the media significantly affect the life and behavior of the crowd. How can crypto news affect the movement of the market?

It can affect the price rate of Bitcoin and other cryptocurrencies in a lot of ways. But this is a normal thing, the price still has it fluctuate, it happens in every market and without it I don’t think there will be anything like loss and gain. In Bitcoin, whenever some people are making profit there are also others that are making loss in it. That’s how it works. So all you have to do is not mind this and focus on making good use of your money and making better profit.

jcarlo

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Quote from: Dimon8 on June 14, 2018, 02:35:15 PM

Hello, community. Political, economic and social news in the media significantly affect the life and behavior of the crowd. How can crypto news affect the movement of the market?

News and rumour is most effective thing to move market. Bad news will bring market drop and good news bring market increasing. Some peoples can be panic when they read about bad rumour and its affecting market to drop the price .

Incodium Coin

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API-Based Smart Contract Solution For Exch Hacking

Human stupidity seems a little strong, but l do agree that the news cycle has important effects on the market. Good news from a congressional hearing, a series on how cryptocurrency trade funds an important project, benefits communities and individuals will certainly push the market up. On the other hand, hacking of exchanges and speculation on more regulations has a negative impact on the market.

Dudeperfect

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Yes, I won't call it a stupidity but the lack of awareness, knowledge and experience in dealing with the tough situation. As a Crypto user, we have already experienced such behaviour in the last quarter of last year and first quarter of this year when most of the traders and investors responded to the situation as per the expectations of big whales and institutional investors. It is something that we can call fear of missing out the opportunity that affects our decision-making ability and indirectly the market.

WHTP

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It's all very tricky when people lack knowledge, or are brand new to something. They quite don't understand all the subtleties. That goes for even really smart people, if they don't have experience they will make mistake, sell when they should hold, etc. It's not necessarily stupidity, just lack of knowledge.

andrino

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Media can literally affect the decision making of the people for there are some instances that people relies everything to media such as the news about bitcoin and altcoins that almost negative ideas. People will immediately decide not to engage to cryptocurrency. They concluded without confirmation of what the truth is all about.

ClayDouglas

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No. It's not so much "human stupidity" but like big player influences. For example the head of some bank fudding Bitcoin, saying if he caught any of his employees buying Bitcoin he would fire them because of their stupidity, meanwhile he was secretly buying them.

qwertyup23

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Quote from: Dimon8 on June 14, 2018, 02:35:15 PM

Hello, community. Political, economic and social news in the media significantly affect the life and behavior of the crowd. How can crypto news affect the movement of the market?

One thing you have to consider is that media shapes what the view of the country is. With the control and manipulation of media, individuals in the society can believe lies and fake news circulating in the country. With regards to cryptocurrency, media has played an integral function with its popularity and reputation. When bitcoin began its operation, people were skeptical about its system and few investors tried their luck with it. The price of bitcoin skyrocketed from ~$1 to $6,4000 with the help of media and some other factors as well.

Controlling media can be destructive not only with cryptocurrency but also to some other aspects as well. Government intervention or political motives can also affect its price depending upon the damage it caused in the market. If a country prohibits the utilization of bitcoin, it may affect the price of it on the market due to losing investors and affecting new ones that enter to it as well.

Janation

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Quote from: BigDig on June 20, 2018, 03:30:57 PM

Since ancient times, human stupidity has affected all aspects of life. Unfortunately the crypto market e has become an exception. Now the herd screams about collapse, fall and other horrors. Time passes, the tendency in the market to change and the same people will scream "to the moon" or something else there.

The crypto market is not an exception to that. Human stupidity is universal, it will affect anyone and anywhere it is applied and the crypto market and it's movement is not an exception to that. There is a proof here, in the past a lot of people bought Bitcoin and most of them became millionaires, some of them did not. And some of them, deleted their wallet.dat file losing all of their Bitcoin. There are some even that sent their Bitcoin to a wrong address that is not even generated. So what is the effect of that? Less supply, high demand.

As Satoshi Nakamoto says it, "Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.". Link

jojowar

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Social media has a great influence in humanity when it comes to economy and also in their decision making. If social media shows misinformation or fake news about cryptocurrency some of the potential investors who read those fake news will be afraid to invest in cryptocurrency.

Nakedbitcoin

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Quote from: Dimon8 on June 14, 2018, 02:35:15 PM

Hello, community. Political, economic and social news in the media significantly affect the life and behavior of the crowd. How can crypto news affect the movement of the market?

The social media is the number one source of human stupidity that can affect the movement of the price of crypto in the market. They want to kill crypto that's why they make a fake news in crypto and spreading it. So that many people will be afraid to invest their money in cryptocurrency.

CryptoKyddie

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Sure there are elements of stupidity in the markets. Especially knee jerk reactions to things like FUD and fake news. Additionally, we have big whales and banks manipulating the markets for sure, its how they make their money right. I can imagine many of the big banks are behind lots of this fake news and FUD. Of course the little investor is scared when they see dumping, the whales and banks feed off this mentality.

BlackBeauty

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Quote from: badungs on June 20, 2018, 06:00:52 PM

yes, I think human folly can also affect the movement of the market. negative or positive news will greatly affect the market movement. Negative news about crypto can lower the price of cryptocurrency. so also positive news will make market prices improve. with negative news, not a few people panicked and sold theirs. FUD is so powerful that it can change the market landscape in just a matter of days. but I think it's not just news that affects market price movements. the number of demand and supply also greatly affect the market situation in my opinion.

But in my opinion news is very affective in this currency and it can change its price because that's why many people are better know about its value and those people who aren't know about bitcoin so they also know and that is why they will invest their most of money in bitcoin and bitcoin price will also superb high.

badungs

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yes, I think human folly can also affect the movement of the market. negative or positive news will greatly affect the market movement. Negative news about crypto can lower the price of cryptocurrency. so also positive news will make market prices improve. with negative news, not a few people panicked and sold theirs. FUD is so powerful that it can change the market landscape in just a matter of days. but I think it's not just news that affects market price movements. the number of demand and supply also greatly affect the market situation in my opinion.

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