A lot of people asking what happened after a steep move of btc price. Just like there must be a bad news for down and good news for up. There is no rule like this and probably a lot of people will not really understand. There are few thing affects btc price but news are less affective on price, dont like to give numbers but it is more %5 of btc price is related with developing news, infact there was no real relation but some people think there is a relation so it causes an affect on price. Likely a lot big drops happened without a proper reason. But still people was wandering around any news which may cause to this. Big company accept btc so it should rise? they dont microsoft accepted btc affected only %0.5 bump on price just long 10 hours and price continued to drop that days, some people says mtgox crysis is the cause of 2013 rise and fall i find it funny. There are a lot of price moves on btc and you cant find matching news with them. If you wonder what is real cause of that steep drop i can say it is manipulation, not even free market can react that fast it is manipulators. But it is another topics's subject.
Just know bitcoin price is almost not related with any news.
No. "News" isn't what affects price. Its stupidity and that only. I have been trying to analyse the bitcoin market in terms of demand and supply, its shifts, its equilibrium, its interactions, elasticities of it,and I only end up getting more confused and stupider. Crypto market's volatility and its decentralization has got us into a fucked up place rather than helping us. Pumps and dumps decide the price, not the market demand and supply,because fuck economics right? Crypto-economics should an interesting thing to learn.
I absolutely not agree, news is one of the important element wgen people want to trade, when there is a good news people will tend to buy more, if there is bad news then people tend to sell more, if suddenly you heard one of the country banning bitcoin, automatically there will be a lot of people selling the coin, and you will know the price going to go down, news is really important for traders to make decision, and some news will related to price
That's not how it should work, you fucktard. But people think that, and it makes me go bang my fucking head. You should common sense,if you can. Otherwise, crypto isn't meant for you.