The cyclical nature of cryptocurrencies

avikz

legendary

Activity: 3080

Merit: 1500

Quote from: WebTera on February 23, 2018, 11:11:58 AM

Hello, everyone. Tell me, what can you say about the cyclical nature of the cryptocurrency market and news that this correspond to? I came to the conclusion. When the market falls, we can see only bad news about different prohibitions, regulations and wallet break-ins. Conversely, when the market grows, the media screams about how well it is developing, about different releases, updates, successes and plans for the future.

Who that thinks about this?

You've mentioned the effect first and then the reason while it should be the other way around. Bad news and FUDs are the reasons for the negative effects on the market. There may be some news websites that posts bad news when the market goes down and vice versa. But it is because these websites catch up to the trend a little late when the effect is already present in the market. But if you follow major news websites like CNBC, CNN money, Yahoo Finance etc, you will see a different dynamics of the market.

GrannyC

member

Activity: 224

Merit: 10

I think that you should not play any attention to media and be able to judge each crypto on its own merit, but you will need a good technical background that not that many people have.

Coin-1

legendary

Activity: 2674

Merit: 2334

Quote from: WebTera on February 23, 2018, 11:11:58 AM

Who that thinks about this?

I think that the most of mass media are indifferent to the certain crypto currency, and usually they represent the true events which happen in economics and politics. But if the bad news are a fake, this should be recognized as a trying to manipulate the crypto exchange markets. When the markets falls, the most of people just give heed to negative news.

GrannyC

member

Activity: 224

Merit: 10

Quote from: WebTera on February 23, 2018, 11:11:58 AM

Hello, everyone. Tell me, what can you say about the cyclical nature of the cryptocurrency market and news that this correspond to? I came to the conclusion. When the market falls, we can see only bad news about different prohibitions, regulations and wallet break-ins. Conversely, when the market grows, the media screams about how well it is developing, about different releases, updates, successes and plans for the future.

Who that thinks about this?

Market is cyclical because it is firstly highly related to bitcoin that is an speculative asset (today) governed by the rules of FOMO and FUD along with greed and fear. It will eventually mature once value becomes more clear.

secondgarlic

member

Activity: 112

Merit: 16

Quote from: WebTera on February 23, 2018, 11:11:58 AM

Hello, everyone. Tell me, what can you say about the cyclical nature of the cryptocurrency market and news that this correspond to? I came to the conclusion. When the market falls, we can see only bad news about different prohibitions, regulations and wallet break-ins. Conversely, when the market grows, the media screams about how well it is developing, about different releases, updates, successes and plans for the future.

Who that thinks about this?

I have never seen media talking about releases, updates and the like, when the market was booming. They were only covering bitcoin with sensationalist titles like "IS BITCOIN MONEY?" and no substance. It is useless to expect that media will produce high quality news about bitcoin. If merits were a real thing in the real world, media outlets would get absolutely no merit at all lol.

squatz1

legendary

Activity: 1666

Merit: 1285

Flying Hellfish is a Commie

This is just like any market, when the times are good people are praising the market, praising the tech, praising the charts and praising EVERYTHING AND EVERYBODY. But when things start going downhill everything goes the other way, people are finding out about hacks, bugs, etc. I mean, you expect for that to happen. People want a reason for the market to be moving mass amounts, and the market gives them that reason -- even if they're not giving a truthful reason when they give it.

Quote from: drukoz2 on February 23, 2018, 12:44:01 PM

Based on the above reasoning, we can conclude that every news in the media can be bought. What prices are there for news that can affect exchange rates so much?

And of course this, the media can be bought to influence the sheep. There's no such thing as reputable news today.

drukoz2

member

Activity: 395

Merit: 10

Based on the above reasoning, we can conclude that every news in the media can be bought. What prices are there for news that can affect exchange rates so much?

cindygirl

full member

Activity: 280

Merit: 105

The media have a way of reporting things that oversells. They're always looking for reasons for every small price change and attributing too much weight to them. This only further influences people who aren't fully in the know about the whole industry.

DarLim11

newbie

Activity: 151

Merit: 0

You are right all cryptocurrencies are treated like that by the media. The media always make the simple happening in cryptocurrency into a hype way. It seems to us that media is a bad for the investors who does not have great skills in handling emotions unfortunately many traders are like that.

Lots of people lose lots of money because the impact that the news is giving to us always convinces us, we tend to believe easily to the media without taking the time to properly think and decide what to do in a certain situation.

WebTera

member

Activity: 322

Merit: 10

Hello, everyone. Tell me, what can you say about the cyclical nature of the cryptocurrency market and news that this correspond to? I came to the conclusion. When the market falls, we can see only bad news about different prohibitions, regulations and wallet break-ins. Conversely, when the market grows, the media screams about how well it is developing, about different releases, updates, successes and plans for the future.

Who that thinks about this?

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