Topic: Do you really think news can change the Crypto Market Sentiment very easily? - page 2. (Read 608 times)
April 10, 2020, 11:29:55 PM
People reacts to news good or bad because it has an impact on how they are going to live, like what is happening right now we are in a pandemic and this has drastically change our sentiments in the market and in the world in general, once we have a news of vaccine, the investors sentiment will change and will be in a hurry to get back investing in the market.
April 10, 2020, 10:02:36 PM
It is not normal to have sentiment in crypto market and any reason for sentiment will be a reason for news and hearing from different perspective information reaches the miners and traders from which they know the mind of crypto users.
However, the news will have an influence on crypto market traders are there because miners , coin users and hunters are here.
The answer should be maybe yes or maybe no. As far as i know crypto market is really sensitive to any news. This doesn't mean anynews will bring a huge impact on the crypto market. The news that comes from the important party will totally bring a huge impact to the crypto. However, the news will have an influence on crypto market traders are there because miners , coin users and hunters are here.
Bad news from a trusted party means bad sentiment for sure caused by it can affect the trust of the users of crypto itself.
April 10, 2020, 09:37:20 PM
since the covid-19 attack it just a few weeks ago the crypto market was experiencing a minor problem due to some news outbreak and there was an immediate change in currency exchange of crypto, but you shouldn't be allowing yourself to discourage this kind of situation whereas it is probably that it will be a temporary, not a majority in which is the technology of crypto is simple if where they have a sentimental value that even if, it were to be destroyed it would be poured out their energy to remain intact.
April 10, 2020, 03:08:54 PM
The news is about the fundamental changes in the background, without the news analyzing the fundamental data will be impossible, IMHO. Single technical analysis is not enough to get the idea about sentimental changes, so better to stick to the old rules.
Fundamental and sentimental analysis is essential than all other details, IMHO. Sentimental analysis is not always profitable for the inexperienced traders because they don't know how to read the data in front of their trading desk. They check the emotional support/resistance lines on the chart but forget to measure the power of sentimental trades around the key price levels. Mistakes cost them a lot in fake breakouts, it has been proven several times.
Fundamental and sentimental analysis is essential than all other details, IMHO. Sentimental analysis is not always profitable for the inexperienced traders because they don't know how to read the data in front of their trading desk. They check the emotional support/resistance lines on the chart but forget to measure the power of sentimental trades around the key price levels. Mistakes cost them a lot in fake breakouts, it has been proven several times.
April 10, 2020, 10:45:02 AM
Of course, news is affecting sentiment in the Crypto Market, just like in any other market. Another thing is that news is also often manipulated, and therefore price. First of all, we need honest and objective news. Although, it is quite difficult to put into practice.
April 10, 2020, 10:22:19 AM
It does not depend on the single factor, maybe the news is just one of it but holds a lot of percentage to influence the price. Not all the factors that affects the price of bitcoin has the same amount of effect, do you think Craig's opinion matter every time he speaks? ofcourse it does not but a global news like corona virus can really affect the movement of price especially when it is very serious. However it depends to the people, people are the ones behind the price so the price is people and the only thing you can influence is the people.
It also depends on the impact of the news on the crypto community because there are a lot of news also that don't have an effect to crypto so it never changes the price at all. But with the current phenomenon we have right now, corona virus has made a great impact not just on crypto alone but to the welfare of all the people in the whole universe.
Yes, that is what I meant. News is on of the factor that influence the price of bitcoin.
It is quite obvious that not every news affects the price of bitcoin. Only the news which is relevant to the crypto community can affect bitcoin's price.
Also, it's not necessary that every crypto news would make an impact on bitcoin's price but there are some global news which makes an impact on it.
The point being 'news' does have an influence on bitcoin's price. Just that the news' severity also matters while making an impact on bitcoin's price.
April 10, 2020, 02:52:53 AM
That's old trick or scheme, in 2017 if any good news get to public about a particular project there will be effects, many investors will quickly go and buy the coin but now things have changed
April 10, 2020, 02:22:59 AM
Of course, the crypto industry thrives on news, updates and new developments that are popping up in the industry.
Thrive? Thats harsh word to say. You mean they just depend on the global news? Then the market will be seen is depend also on upcoming fud or shill? You must be right on some point but this isnt a good reference though. How about market technical analysis? It will not matter if the sole basis of the prices is only came from news.All the list by OP are no doubt creates a huge flaws on the current price make it dips like hell but thats not all the factor and sometime we missed it. Anyway looking on the bright side of market is slowly it is recovering. Hope it does.
April 10, 2020, 01:46:30 AM
Of course, crypto news have a big part in this industry. So if ever that there is a news that circulates throughout the internet (whether if it is in social media, articles, etc.) especially FUD or FOMO it actually gives a huge effect in the market.
April 10, 2020, 01:43:27 AM
Of course, the crypto industry thrives on news, updates and new developments that are popping up in the industry. Imagine if both the US and China announces to start using Bitcoin or adopt any use case of a crypto project. It will cause a rise in the market cap of that coin for sure and early investors are going to make huge profits.
That can make people try to buy bitcoin as soon as possible before the price increase so high. The news can give effect panic to many people because some of them are not trying to search from the other news, so they just follow that news and they decide to do what the news suggests. We cannot do that because without searching for the other news, we cannot know what is happening, and we cannot make the right decision. But the market will react with the news, whether if the news is bad or good, and we need to find out the truth.
April 10, 2020, 01:12:56 AM
News has an effect on the whole market. Any development on cryptocurrency can influence the who market aspect, this also includes FUD which most people buy whenever there are news than a whale had moved their crypto from a wallet to an exchange or vice versa. Cryptocurrency updates, news and articles has a huge impact on the whole market.
I also do believe, the market is also biased by the latest news and happenings. Currently, I use 'Google News' to understand the market. How do you follow the happenings?
April 09, 2020, 02:21:01 PM
Yes what we technically do here is trade news which is based on numerous speculations. We trade sec news, Bakkt approval or adoption by a big company or just any news that will bring people into cryptocurrency.
April 09, 2020, 01:58:39 PM
Of course, the crypto industry thrives on news, updates and new developments that are popping up in the industry. Imagine if both the US and China announces to start using Bitcoin or adopt any use case of a crypto project. It will cause a rise in the market cap of that coin for sure and early investors are going to make huge profits.
April 09, 2020, 01:40:46 PM
News are very effective for market movement and even the last pump in bitcoin price was due to good news from USA where news of crypto compliance was being circulated, Europe is also offering crypto purchasing from banks and also encouraging people to use crypto which is also a great news and alongwith the short term gains also indicate future growth, importance and adoption.
April 09, 2020, 01:36:33 PM
Bitcoin's price is not dependent on just a single factor. It is influenced by many factors and news is one of them.
I have personally seen cases where a news has triggered a good spike in bitcoin's price.
So in my opinion it does influence cryptocurrencies' price.
It does not depend on the single factor, maybe the news is just one of it but holds a lot of percentage to influence the price. Not all the factors that affects the price of bitcoin has the same amount of effect, do you think Craig's opinion matter every time he speaks? ofcourse it does not but a global news like corona virus can really affect the movement of price especially when it is very serious. However it depends to the people, people are the ones behind the price so the price is people and the only thing you can influence is the people. I have personally seen cases where a news has triggered a good spike in bitcoin's price.
So in my opinion it does influence cryptocurrencies' price.
April 09, 2020, 01:25:02 PM
I doubt it very much. Firstly, we are now in a state of strong human limitations, and even the most positive news will not greatly affect the market.
Secondly, the time when the news ruled the market passed, in order for this to happen, you need truly global news support from the main broadcasting companies.
Secondly, the time when the news ruled the market passed, in order for this to happen, you need truly global news support from the main broadcasting companies.
April 09, 2020, 11:49:20 AM
But in fact, no one knows how bitcoin will behave after halving. After the previous halflings, the price of bitcoin grew.I hope it will be this time.Regarding claims against top exchanges, I will personally closely monitor the development of the situation.We are waiting for many more events and, accordingly, UPS and downs.
April 09, 2020, 11:41:18 AM
Bitcoin's price is not dependent on just a single factor. It is influenced by many factors and news is one of them.
I have personally seen cases where a news has triggered a good spike in bitcoin's price.
So in my opinion it does influence cryptocurrencies' price.
It also depends on the impact of the news on the crypto community because there are a lot of news also that don't have an effect to crypto so it never changes the price at all. But with the current phenomenon we have right now, corona virus has made a great impact not just on crypto alone but to the welfare of all the people in the whole universe. I have personally seen cases where a news has triggered a good spike in bitcoin's price.
So in my opinion it does influence cryptocurrencies' price.
April 09, 2020, 10:25:36 AM
Bitcoin's price is not dependent on just a single factor. It is influenced by many factors and news is one of them.
I have personally seen cases where a news has triggered a good spike in bitcoin's price.
So in my opinion it does influence cryptocurrencies' price.
I have personally seen cases where a news has triggered a good spike in bitcoin's price.
So in my opinion it does influence cryptocurrencies' price.
April 09, 2020, 09:40:30 AM
from the past few weeks all users have seen very good developments for bitcoin and other altcoins. market analysis is very petrified to add insight into crypto money. but the demand for crypto money is far more important that influences the increasing value of crypto money
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