Topic: Does positive news have any impact in bitcoin price - page 8. (Read 902 times)
Certainly, positive news about bitcoin will surely av positive impact about bitcoin, it does change negative impression of people over bitcoin and as such attract new investors
Postive news about bitcoin can help to bitcoin groq the value because the people can see the news about bitcoin they have chance those people who see can invest to bitcoin and you will gain more profit once the value increase and better to spread the good news if they have.
It is obvious that the positive news has a positive impact on the growth of any cryptocurrency but it is not the only factor which governs the upward movement of that particular currency. The investors' trust and the demand towards that currency will be the major factors which will ensure the upward price movements and that will be supplemented by the positive news.
You've mentioned that you have a comparative data from last year? well, if you really take into consideration studying the price market preview, you will have different statement, Market is Volatile, yes, Market react on both the positive and negative news posted on the social media, print, and even on broadcast media, positive news positive reaction in the market, negative news has also a negative reaction, But there are a lot more indicators that affect the price value of Bitcoin in the market, like the issue on Regulation by government financial institution whom critical on Bitcoin transaction on the market.
It is obvious that the positive news has a positive impact on the growth of any cryptocurrency but it is not the only factor which governs the upward movement of that particular currency. The investors' trust and the demand towards that currency will be the major factors which will ensure the upward price movements and that will be supplemented by the positive news.
I have been observing a trend from last year bitcoin price movements to this year movement.
I have observed how we're getting so much positive news and adoption about bitcoin this year, but still the prices refuse to go up. If this was last year a single positive news will have pumps the prices by at least 10% or more.
Its that positive news don't longer have any effect on the price movement or is their any manipulation going on.
I have observed how we're getting so much positive news and adoption about bitcoin this year, but still the prices refuse to go up. If this was last year a single positive news will have pumps the prices by at least 10% or more.
Its that positive news don't longer have any effect on the price movement or is their any manipulation going on.
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