Topic: How do you assess the importance of news about cryptocurrency? (Read 148 times)
A good factor to judge and a logical explanation is that the investment of the cryptocurrency firms are coming a whole lot from the masses which means that they will reach out to the masses for any important information or update, the way to do that and the easiest approach is social media platforms so you should keep yourself in check with the coins pages
There are quite a few ways to assess the importance of a news, first, it is dependent where you are getting your news from and what is the source of their information, the information you get from news channels or social media outlets is not reliable these days the quantity of false information is increasing with time. In such time see if the news is true.
I do not believe in the quality of news in terms of reliable information at this time. It is better to get information from real sources. Such as the developer or their official channels about the project.
February 26, 2018, 04:07:25 PM
Fundamentals are more dominant because only few people are using technical analysis to trade and most of the people in the market is trading blindly and most of them are into fundamentals,more people are using fundamentals that is why these news has a lot of impact to the market,one good news and the market could rise,one negative news of FUD could destroy the whole marketcap.
February 26, 2018, 03:59:33 PM
In my personal experience, I assume that extremely negative news regarding a cryptocurrency from a reputable news source is likely to tank the price somewhat. For example, any headlines mentioning hacking of a large website and theft of a significant number of coins, bans or negative regulations in a large country such as China, USA, Germany etc. Or even large investment firms or popular individuals expressing negative opinions about cryptos might have a detrimental effect on its value. However, good news such as a new corporation accepting crypto, or relaxation of taxation etc will usually lead to a price improvement.
Overall, the source and how prevalent the news is determines the extent of its effect. You generally don't need to worry about what the small fish say, unless the big fish are saying it too.
Overall, the source and how prevalent the news is determines the extent of its effect. You generally don't need to worry about what the small fish say, unless the big fish are saying it too.
February 26, 2018, 03:51:33 PM
They are actually very important. Think about it, they directly affect its value. If the news is bad all start selling, if good, then buy. It is very important for us. After all, we are trying to make money
February 12, 2018, 12:22:00 PM
Crypto development is now very good, so now the news in the media has been very much and useful for people who do not know the world of crypto how.
February 12, 2018, 11:40:38 AM
Recently, news is probably of decisive importance. As soon as there is bad news, the rate of one or another crypto currency immediately begins to move down, so I do not even know what to say, the news has a very strong impact on the price of the crypto currency
February 12, 2018, 11:37:06 AM
Whatever the news, the most important news is price of bitcoin. Since I do not own BTC, I can always react with my alts.
February 12, 2018, 11:33:42 AM
Honestly it can be hard to evaluate the crypto news inf you are sure that for example the Indian crypto ban won't harm the market that much. This is more about the evaluating the possible amount of FUD that may be caused by this news. But on the first place always comes some kind of technical news. If any bug or exploit was found in any coin, service, or exchange and big amount of money was leaked this is obvious that in some time everything is going to be dumped together with the price.
February 12, 2018, 11:29:56 AM
Hey, guys. Share experiences. How do you assess the importance of news about cryptocurrency, their strength? Sometimes the news seems strong, but they not affect to chart.
I find these news has very important role on where would the market go in the future,fundamentals are more dominant in the cryptocurrency community because it can cause the market to fail or it might be the reason why people are starting to buy more bitcoins,while technical analysis only works for me in short trades because the market has more volatility than the stocks and forex,that is why long term investment wouldnt be an ideal option in cryptocurrency market. February 12, 2018, 11:20:50 AM
Hey, guys. Share experiences. How do you assess the importance of news about cryptocurrency, their strength? Sometimes the news seems strong, but they not affect to chart.
Most likely whenever the news is on a national scale or which Includes prominent people or group and even a system then that is the time when I think it may really seem to affect the market but yet again there are a lot of factors that affects the cryptocurrency market and its volatile nature render us to almost unable to predict its next value each moment so I am reducing my anxiety in just staying firm and holding possibly all throughout the year waiting for the right time to sell.
February 12, 2018, 11:12:51 AM
News is a source of information that we must be careful, although the truth is not necessarily proven but at least the news can add information and square off before it happens.
February 12, 2018, 10:58:53 AM
Even publications in trusted sources are paid for. But you should keep in mind that publicity generated by any kind of such publication will spur the interest and rate. That works for established cryptocurrencies, I believe, but things are a bit different for ICOs.
February 09, 2018, 09:36:11 PM
Hey, guys. Share experiences. How do you assess the importance of news about cryptocurrency, their strength? Sometimes the news seems strong, but they not affect to chart.
I think not only in the context of bitcoin, but generally a big factor in really qualifying the news is its credibility. The first thing that wee need is to identify the source and see how much trust could we give about what they published or if it's just crap. Like for example i seldom read bitcoin news that was posted on fb except if i gauge that it was really from an investor or they seemed to be really experienced in handling the crypto. About the content, i do cross referencing. I believe that each member of this community can post a "NEWS" about bitcoin based on actualy data that we see. That's why "reviews" could be more valid that a single news. As far as i see, most news contain what's already happening instead of what might happen which is essential for us in investing or probably the potential of a coin to rise.
February 09, 2018, 09:17:14 PM
I don't see news as valid information nowadays, if i want to inform my self about some information like running projects or incoming projects i prefer to get inform from the actual sources like the developer or their official channels, eventough i still read the news but with reverse psychology perspective, that means i do exactly opposite what the news told me how to. So basically i just don't care what the issues out there i just hold for the long run. Put trust on the project.
I often read and listen the news about cryptos and the like but I don’t mind them, they have nothing to do about it anyway. I would prefer reading the forum because I don’t want to me misinformed the fake news and chaos outside bitcoin.
February 09, 2018, 09:07:07 PM
I don't see news as valid information nowadays, if i want to inform my self about some information like running projects or incoming projects i prefer to get inform from the actual sources like the developer or their official channels, eventough i still read the news but with reverse psychology perspective, that means i do exactly opposite what the news told me how to. So basically i just don't care what the issues out there i just hold for the long run. Put trust on the project.
February 09, 2018, 08:56:12 PM
News such as the refusal of a country to legalize the use of crypto can be a bad thing, so often altcoin traders respond by opening a sell order. On the other hand, positive news such as the growing number of wholesalers like Amazon that receive Bitcoin, can be greeted with the purchase of crypto in large quantities by traders. And The main thing that affects graphics is usually q1, q2 etc. really proven.
February 09, 2018, 08:43:22 PM
I'm about to spend alot of time in Cryptos, Fuders everywhere that's what we see and they controlling the market with the prices but i love the volatility. I read Articles also and whitepaper every cryptocurrency coin that i want on how it will deal in the future and what the project goes into it.
February 09, 2018, 08:35:43 PM
I honestly do not like news lately. If we look and read carefully, the bad news is purposely made to add to the chaotic world of crypto and I'm sure there are great powers who want to control and monopolize the market.
Now I just like to read the news directly sourced from the developer of his project that I usually get in their site.
Now I just like to read the news directly sourced from the developer of his project that I usually get in their site.
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