Topic: when will you learn price is not related to news - page 3. (Read 571 times)
Well, I agree that the news doesn't affect too much in the bitcoin price like what happens these days. Honestly, I was looking for the latest news days ago after the price suddenly drops. However, no latest news that can give you accurate reasons and almost all articles are related on speculation why the price was dropped in just one day. So, I guess the reason behind the price dropped is that there is a huge group of whales that I think who sold a large number of bitcoins. So, I agree with your opinion too about manipulation.
Sometimes it does and sometimes it doesn't. Bitcoin has clearly reacted to the first few waves of ETF rejections, Bitcoin has crashed and then recovered after last year's China ban. There are more correlations like that, but also there's a lot more coincidences or simply lack of any price change. So, as a rule of thumb, one can assume that only truly big and relevant to Bitcoin news are important. Generally, it's the news that involve important governments like the US, EU, Korea, Japan, and the news have to be specifically about Bitcoin.
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.
Just know bitcoin price is almost not related with any news.
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