Topic: Does press dictate movement? (Read 805 times)
The mainstream media conducts an increase in the BTC's value (or skyrocket ) the most of the time.
headlines give short term reactions for the most part that soon revert back,
unless they are major like USA adopts bitocoin, scraps USD
unless they are major like USA adopts bitocoin, scraps USD
The headlines a meaningless its how poeple act on them that matters
say you've heard about bitcoin, looked into it, liked it, but didn't want to buy bitcoin because you thought " its in a bubble right now, i missed the boat, bla bla bla"
then you read a headline that says " BITCOIN IS DEAD, its lost 30% of its value and is dropping fast", you find it hard to blieve bitcoin is dead, but you dont give a shit because you don't own any.
next time you see your friend, he tells you bitcoin is now down 50% from its high and he has started buying back in like a boss.
what do you do?
say you've heard about bitcoin, looked into it, liked it, but didn't want to buy bitcoin because you thought " its in a bubble right now, i missed the boat, bla bla bla"
then you read a headline that says " BITCOIN IS DEAD, its lost 30% of its value and is dropping fast", you find it hard to blieve bitcoin is dead, but you dont give a shit because you don't own any.
next time you see your friend, he tells you bitcoin is now down 50% from its high and he has started buying back in like a boss.
what do you do?
You are so confused and scared from the volatility that you do nothing
The press dictates much of the public mood which in turn influences govt and regulators
In that sense in a lagging way press does drive price action
In that sense in a lagging way press does drive price action
The press noise lags the price movement by a few days I would say
Though the press do go over the same rubbish over and over, I think it is gradually engraining Bitcoin into the mainstream.
Soon people won't think of it as kooky and for computer nerds, instead they will notice the problems with offline money and see the advantages of BTC
Soon people won't think of it as kooky and for computer nerds, instead they will notice the problems with offline money and see the advantages of BTC
The headlines a meaningless its how poeple act on them that matters
say you've heard about bitcoin, looked into it, liked it, but didn't want to buy bitcoin because you thought " its in a bubble right now, i missed the boat, bla bla bla"
then you read a headline that says " BITCOIN IS DEAD, its lost 30% of its value and is dropping fast", you find it hard to blieve bitcoin is dead, but you dont give a shit because you don't own any.
next time you see your friend, he tells you bitcoin is now down 50% from its high and he has started buying back in like a boss.
what do you do?
say you've heard about bitcoin, looked into it, liked it, but didn't want to buy bitcoin because you thought " its in a bubble right now, i missed the boat, bla bla bla"
then you read a headline that says " BITCOIN IS DEAD, its lost 30% of its value and is dropping fast", you find it hard to blieve bitcoin is dead, but you dont give a shit because you don't own any.
next time you see your friend, he tells you bitcoin is now down 50% from its high and he has started buying back in like a boss.
what do you do?
It's BOTH.
Or is it the other way around, where price movement dictates the headlines?
The masterluc, a popular analyst in this forum, said that price dictates the headlines. He has made some bold predictions, and when he gets it right he looks like a master, but he has also gotten some things severely incorrect.
The masterluc, a popular analyst in this forum, said that price dictates the headlines. He has made some bold predictions, and when he gets it right he looks like a master, but he has also gotten some things severely incorrect.
Jump to: