Topic: News is a major factor that triggers Bitcoin pump and dump (Read 22 times)

News has a major impact on every assets/currency or investments so Bitcoin can never be an exception. With every positive news, the market is going to react positively and with every negative news, the market react in the same way.

But there are other factors that affect the price of Bitcoin and one of the most important one is Bitcoin block halving (I believe we all know about this so not going to go into much details). Make we too know say most of the news impact are always temporary and not permanent.

The Permanent impact on the price of Bitcoin is the rate of demand and supply of the market. Bitcoin supply go always they reduced while the demand go dey increase so that one be say, the projection of Bitcoin price will always upwards.

A dump factor can be the hostile treatment of some important government boards of the world towards Bitcoin but this too na still temporary.

What you need to know is that Microstrategy is a smart man and he knows what he is doing. There is no man out there that literally has free money to waste, they are literally doing everything to make back the money in the future, it might not be today or tomorrow but certainly they will sell but not now. He has massive accumulation of Bitcoin bought at $9k but he has refused to sell instead he raise more money almost $4 billion to buy more, not directly his money, it's from MSTR bonds and selling of some shares.


Crypto or no Crypto, Bitcoin or Bitcoin, every market run has it end and now Bitcoin is on the run and nobody knows exactly when it will cool down but one thing is certain, correction will be due and it's when yiu don't expect it will come, just enjoy the ride and worry less about what news will dump the Bitcoin market.

Right now, only ban of Bitcoin in United state can make Bitcoin make any reverse but that's not certain, the new elected president made some promise with Bitcoin, so even if the market plume here, it will quickly go up again pending when he gets to office and approved the the premises he made unless he change his mind or refuse to follow the things he wanted to do with Bitcoin.

Before I go into details I will want you to start by reading the bitcoin white paper

Perhaps you must have forgotten one thing that bitcoin has a protocol that it works with and whatever happens outside this protocol is just a spake to its original nature. the bitcoin protocol allows bitcoin to increase over time with the 4 years circle with you are full aware of but perhaps we are in this 4th year of bitcoin circle which is it's original pump mechanism, ATHs are always anticipated in this period and perhaps the election and very other big news that contributed to bitcoin price pump in this last quarter of the year is just a mere support to the protocol hence if we where in the bear market and all the big news happened its impact would have been for only a very short period of time.

Additionally, every other actions, events that seems to be the triggers of bitcoin price are just mere (planned) coincidence hence bitcoin nature of price increment has not changed and can't be changed except the community wants the change which is probably not possible.

I know that what determines Bitcoin price is supply and demand, in basic economics concept, if demand is greater than supply, price will increase, also if supply is greater than demand, price will decrease. But then there must be things that triggers the supply and demand, and from my research so far, one of the biggest determinant is news. For instance before the US election, Bitcoin price was hovering between $55k and $67k, but immediately Donald Trump, won the election price skyrocketed. I believe that the rallying was due to Trump's, friendly stance on Bitcoin during his campaigns and it has triggered the bull run to another level. Another instance was when the US SEC approved Bitcoin ETF, the positive news also triggered Bitcoin price and we saw ATH at that time.

I know that if the news of a whale or institutional investors like Microstrategy, where to dump a major Bitcoin holding from their bag, the news will cause a dip. This last example shows that whales can actually manipulate Bitcoin price to their favor but I know that the impact will be on the short term because there will be price correction in no time. Bitcoin has the potentials for price recovery.

Do you think that if there is no major news that can trigger Bitcoin price to either pump massively or dip, that the price will be hovering back and forth without rallying or dip, like we experienced before the US election? What other factors do you think that can trigger Bitcoin price to either pump or dump massively?