How these events will affect crypto market? - page 3.

palle11

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Quote from: midori_samitto on March 11, 2022, 01:11:55 PM

Hi everyone, in these days where everything is happening I'm wondering a few things and I would love to receive your opinion.

How the crypto market will be affected by:
• Biden's new executive order, do you think that is going to pump the market these year?
• The election of Yoon Suk-yeol in South Korea, after his election the ICX price hit $1 and I wondering if it's just the beginning of something bigger or if this is just 'case'
• The Russian oligarchs that now their bank accounts are freezed, do you think they'll exchange their ruble with some crypto coins?

Thank you for your time.

All these factors you mentioned don't relate to bitcoin or cryptocurrency except for the last about Russian oligarchs but if Biden has made an executive order or not isn't about bitcoin. News likely to have a shake on bitcoin is adoption or legalizing bitcoin news. For now if the sanction of Russia regarding the oligarchs and there fiat assets maybe they may choose another means to keep there money away from US.

Mr.Scott

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These aren't much of a consideration since Bitcoin holds speculative features. Regardless of what the author says, crypto does not move based on sentiment. Opinions are not dictated by an audience's best interests. This is why cryptocurrency's price is manipulated so much by these comments. The market will soar if peace reigns, but we need it as a whole.

midori_samitto

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Quote from: Vatimins on March 12, 2022, 08:55:21 AM

You should understand that bitcoin as ut is right now is still very vulnerable with news and economical events. So whenever some big news pops out of nowhere, the price really increses fast and continues or dumps depending on the significance of the news. Byt this doesn't mean that just about anyone who know about news can have profits. There still has to be at keast basic knowledge abiut trading like some indicators, patterns, and support/resistances. Because news alone can fck you up since nit all the time the market react with news the way you want it too or asbug as you want it too.

I got you, thank you for your answer.
Have you any suggestions on where to check or learn how to use these indicators, patterns and support/resistance?

Vatimins

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Blue0x.com

You should understand that bitcoin as it is right now is still very vulnerable with news and economical events. So whenever some big news pops out of nowhere, the price really increses fast and continues or dumps depending on the significance of the news. But this doesn't mean that just about anyone who know about news can have profits. There still has to be at least basic knowledge about trading like some indicators, patterns, and support/resistances. Because news alone can fck you up since not all the time the market reacts with news the way you want it too or as big as you want it too.

Kemarit

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In paper this looks really good for crypto market, specially the Biden Executive Order. But if you look at it the price didn't move that much, indicating that it didn't have any effect on the price itself.

For the election of Yoon Suk-yeol, if he maintains S. Korean's pro crypto market, then it will be a welcoming news again.

For the Russian Oligarchs, I believed that they are already in crypto long time ago. Maybe some of their assets right now are just illiquid.

pooya87

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Quote from: midori_samitto on March 11, 2022, 01:11:55 PM

Biden's new executive order, do you think that is going to pump the market these year?

Not in short term but in long term if it ends up with more government created centralized shitcoins then it can lead to more bitcoin adoption hence more bitcoin price rise.

Quote

The election of Yoon Suk-yeol in South Korea, after his election the ICX price hit $1 and I wondering if it's just the beginning of something bigger or if this is just 'case'

This is literary the most random combination of events. A random (irrelevant) election, a random shitcoin, a random pump and dump.

Quote

The Russian oligarchs that now their bank accounts are freezed, do you think they'll exchange their ruble with some crypto coins?

Why should they? They knew how things are going to go and they first closed their foreign bank accounts as much as they could.

adaseb

legendary

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Don’t know if this is true but apparently there are reports that some rich Russian businessman are selling their crypto on some UAE exchange and it’s why there was a sell off recently.

Basically the complete opposite of what people wanted. It’s not good to let criminals get away with crime by using Bitcoin. It gives it a bad reputation and it’s what will lead to regulation which is what we don’t want.

Johnyz

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These world events can affect Bitcoin, but still depends on the reaction of investors with those news.

Look at the price of Bitcoin now, its down because US is planning to regulate Bitcoin which force this market to be more centralized if ever.

South Korea new president can’t affect much the price of Bitcoin, election is not a big deal what’s big deal here is that, what they will do after they elected?

Russian billionaires already into Bitcoin most probably, but still the market is down for some reason and we have to deal with it.

LeGaulois

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Quote

Biden's new executive order, do you think that is going to pump the market these year?

Not for the long term in my opinion. Once it hits the media and the buzz is created, the price will jump (perhaps a bit, perhaps a lot) but after some days or weeks, it will fade like any other "good" news about BTC. I think people are overestimating this new executive order.

Quote

The Russian oligarchs that now their bank accounts are freezed, do you think they'll exchange their ruble with some crypto coins?

And why should they do it? Do they really need to switch to an alternative currency? Yes, but does it mean it has to be a decentralized currency? Not really, they do have other alternatives and perhaps easier to use in their case. Secondly, in the situation in which the account is frozen, they'll unable to switch to something else. And finally, often they have not much in their name. It's often using the name of a family member, or a company. (It's called taxes optimization but some people call it taxes fraud)

Quote

The election of Yoon Suk-yeol in South Korea, after his election the ICX price hit $1 and I wondering if it's just the beginning of something bigger or if this is just 'case'

I can't really comment about it because I don't know Yoon Suk-yeol or ICX but I checked the price on CMC, I see the price crashed to 0.80$. 20% compared to some days ago.

That's what I said earlier: once the news fades, the price does...

midori_samitto

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Quote from: _act_ on March 11, 2022, 01:59:01 PM

I do not know if this will affect crypto market but what we should look more into is that this period may not favour crypto, I am expecting the market to be bearish but it can be otherwise.

I will also advice you to just use the amount you can afford to lose for trading and investing in altcoins. If you want to hold for years, you can go for bitcoin, the price can decrease but later it will increase and you will make profit.

I will advice you not to really follow the fundamental analysis like that in crypto.

Thank you for your advice, I often read about investing on alt coins, but I always end up with the same question: how to understand if an altcoin is valid? Are there other valid forums or websites where the main topic is trending on altcoin?

If you can answer me these questions I would really appreciate it!

Quote from: mk4 on March 11, 2022, 01:33:21 PM

Here's some general advice: if you're going to make investment decisions off specific events such as what you've listed — chances are, you're going to end up having a really bad time.

As for trading, while you sure can make quick trades over pumps/dumps, not because a certain news is bullish, it doesn't mean you're going to make money through an upwards price movement. A lot of times, if a certain news is bullish but everyone ended up expecting that certain good news, your long positions can end up in a very very bad situation.

I understand your point of view, thank you for the advice and your time!

[moderator's note: consecutive posts merged]

Fatunad

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Quote from: mk4 on March 11, 2022, 01:33:21 PM

Here's some general advice: if you're going to make investment decisions off specific events such as what you've listed — chances are, you're going to end up having a really bad time.

As for trading, while you sure can make quick trades over pumps/dumps, not because a certain news is bullish, it doesn't mean you're going to make money through an upwards price movement. A lot of times, if a certain news is bullish but everyone ended up expecting that certain good news, your long positions can end up in a very very bad situation.

You would be mostly be fucked up if you are really always sticking with fundamentals and as mentioned that not all the times you would really be seeing that these sentiments or news would make out some corresponding
effect on the entire market and if you do make use of it as part of your analysis then it would mostly ending up on disaster or lose of investment.So its still a personal choice whether you do apply it fully 100% on fundamental analysis or would still varying with some technicals or overall mixed up. So it would vary or depend.

_act_

legendary

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Lightning network is good with small amount of BTC

I do not know if this will affect crypto market but what we should look more into is that this period may not favour crypto, I am expecting the market to be bearish but it can be otherwise.

I will also advice you to just use the amount you can afford to lose for trading and investing in altcoins. If you want to hold for years, you can go for bitcoin, the price can decrease but later it will increase and you will make profit.

I will advice you not to really follow the fundamental analysis like that in crypto.

livingfree

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The crypto market is a speculative market.

So with that news and any of the same, they really are going to affect the market through speculations. But about South Korea's election, I don't know if there's any real effect on it and ICX's price.

And for the Russian oligarchs, they are rich people that are wiser than us. They know what to do and they have already some plans and alternatives that have planned all along.

mk4

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Here's some general advice: if you're going to make investment decisions off specific events such as what you've listed — chances are, you're going to end up having a really bad time.

As for trading, while you sure can make quick trades over pumps/dumps, not because a certain news is bullish, it doesn't mean you're going to make money through an upwards price movement. A lot of times, if a certain news is bullish but everyone ended up expecting that certain good news, your long positions can end up in a very very bad situation.

midori_samitto

newbie

Activity: 8

Merit: 0

Hi everyone, in these days where everything is happening I'm wondering a few things and I would love to receive your opinion.

How the crypto market will be affected by:
• Biden's new executive order, do you think that is going to pump the market these year?
• The election of Yoon Suk-yeol in South Korea, after his election the ICX price hit $1 and I wondering if it's just the beginning of something bigger or if this is just 'case'
• The Russian oligarchs that now their bank accounts are freezed, do you think they'll exchange their ruble with some crypto coins?

Thank you for your time.

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