Cryptocurrency doesn't have your typical investors, it makes it tough to promote and promote and lose manipulation costs, which is the ever growing customers who've taken a wreck and used decentralized nature. which means that, earlier than the day's customer and manipulator sell their profits, we will now not see a huge spike in expensive. what's your opinion regarding this matter?
When investors keep holding bitcoin with an anticipation that the price will keep going up, that is the state that brings about bull run. Bull run always come up after a strong breakout from a long-term bearish channels and that is why as a trader you will need to have tools that show you that reversal has occurre in the market. We are hoping that the bull run is about to commence again and we should not be afraid to invest now in other to be part of the future.
Yep, news in crypto is definitely the biggest catalyst in crypto for price movements. There's plenty of examples of bullish or bearish news affecting coin prices in extreme ways, with some coins like Bitconnect going from a few hundred dollars to sub-$50 in under an hour being a relatively well-used example. A lot of people flock to one news source for crypto information, so one upvoted post on Reddit can cause massive price movements; because of this, crypto trading's both similar and different than traditional trading, with one difference being higher volatility.
The fud created by the manipulators who has spend quality time to observed the nature of this market create more spike in pricing than the forces of demand and supply. However, it will be very difficult to keep fud and fake news from this market and we need actually the forces of demand and supply in other to be able to makes business adopt cryptocurrencies and bitcoin as a mode op payment.