do you think positive and negative issues about cryptocurency on the internet will affect the rise and fall of the price of cryptocurency. therefore I have an opinion, what if we make a positive issue about cryptocurency that may make or affect the rise and fall of the market price of cryptocurency and here we are in a very big community, isn't that likely to affect globally ?
and how do you think about it ?, I want to see opinions from your side of perspective
Thank you for your concern
We, ordinary people, can not positively influence the cost. It can be big players - states, banks, creators and others. For example, if the US says that crypto currency is banned - then the cost will fall. And we can influence the cost only through demand - more demand, more price.
I don't think that even us casuals can't positively affect the price. Of course every trader who bought and sell coins has impact also its just minimal as compare to big players and whales around.
do you think positive and negative issues about cryptocurency on the internet will affect the rise and fall of the price of cryptocurency. therefore I have an opinion, what if we make a positive issue about cryptocurency that may make or affect the rise and fall of the market price of cryptocurency and here we are in a very big community, isn't that likely to affect globally ?
and how do you think about it ?, I want to see opinions from your side of perspective
Thank you for your concern
I think yes, bad news on cryptocurrency and bitcoin will makes the bitcoin price and the market going down. For example like facebook and google that banned paid ads about crypto, when it happened, the price goes down. If its a good news, a positive result will come and makes the market goes up.
On this kind of market i do always see that fundamentals would really have a big effect into this market specially on decentralized cryptocurrencies which it is already expected that every news neither positive or negative ones would really make effect on price movements thats why most traders or investors would keep an eye with fundamentals together with some technical which will really give some advantage on profiting this volatile market.
Of course any news will have a impact on the price because its based on pure speculation. So every positive and negative news bring emotions to traders, whether to dump or just hold. That's why we always need to be attentive and be updated on any news can comes our way, we don't want any negatives to come our way, but we can't really put a stop on it because its like a norm today specially if we are having a good rally. So we need to be careful as to what news we are reading, might be fake news but then you make the decision to offload your coins.