Media affects price because it is one of the few things that reaches a broad audience. And humans, as much as we try, are psychological by nature. That being said, I still think there are some fundamentals other than news/media that drive price, but it acts more as a stabilizing factor rather than a driving force with price.
Do have to say, the issues with Mt. Gox have also affected price too (that's why there is a much smaller spread between it and the other major exchanges). Apple is powerful, but I don't think it was the only thing that caused this price swing; after all, just yesterday the Gox price shrank quickly driving the other exchanges down a little too.
Topic: WHY does the media have so much control over Bitcoin price? - page 3. (Read 3572 times)
News affects the prices of anything people speculate on. When speculating on something the most common thing you have to go on is news or potential news thats coming out.
As you all know Apple had pulled the Blockchain.info app from its App Store broke in the early hours of this morning (UK-time) and the short-term effect seemed to be a dip in the price of bitcoin.
WHY does the media have so much control over Bitcoin price?
http://www.coindesk.com/venture-capitalists-bitcoin-companies-react-apple-blockchain-ban/
Apple declares war on Bitcoin, but it’s a war that it’s destined to lose:
http://siliconangle.com/blog/2014/02/06/apple-declares-war-on-bitcoin-but-its-a-war-that-its-destined-to-lose/
WHY does the media have so much control over Bitcoin price?
http://www.coindesk.com/venture-capitalists-bitcoin-companies-react-apple-blockchain-ban/
Apple declares war on Bitcoin, but it’s a war that it’s destined to lose:
http://siliconangle.com/blog/2014/02/06/apple-declares-war-on-bitcoin-but-its-a-war-that-its-destined-to-lose/
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