Why is Bitcoin always affected | Bitcointalksearch.org

flyingcarpet

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Quote from: Mrbluntzy on March 16, 2023, 06:54:18 AM

My question is, why is Bitcoin market always affected by all economics news, example is the issues with US bank like the SVB. Thank you

It's not just Bitcoin that's affected, everything is affected. Bitcoin reaches more people every day, and the biggest reason why it is affected by this news is the large number of investors and investor diversity. Actually, this is not a bad thing. I think that the more Bitcoin is affected by negative news, the more it will be affected when something positive happens. In other words, the whole world now accepts the reality of Bitcoin, and this wonderful investment tool is not only affected by the news around it, but can also become a news in itself.

I see these situations as a positive situation for Bitcoin. If Bitcoin is affected by a news, it means that it will be talked about more and expectations will increase.

nurilham

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Quote from: jeraldskie11 on November 30, 2023, 10:18:45 AM

Not all economic news affect the market of Bitcoin, only those related to Bitcoin can affect its price.

I don't think so. Although the economic news have no correlation with Bitcoin or crypto, it can affect the Bitcoin price. For example the raise of food prices in many countries in the world, it probably can affect the price of Bitcoin because people may prioritize their money to buy foods. So, the demand to buy Bitcoin will be decreasing and even people may decide to sell their Bitcoin for foods. This news has no direct correlation with Bitcoin, right? But I'm very sure it will bring big impact to Bitcoin if it really happens in most countries in the world.

Quote from: jeraldskie11 on November 30, 2023, 10:18:45 AM

News is commonly use as fundamental analysis and it is being used by a manipulator effectively until now to get money from people. Without the news, I don't think if they can manipulate the market very well.

Yes, the news can be a fundamental analysis, it can bring direct impact to Bitcoin price. Sure, the whales can manipulate Bitcoin price by spreading news, whether it is valid or fake news. We already know about this for a long time, but people become smarter now. I'm sure most people won't be easier to be affected by the manipulation nowadays.

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That was an event in March 2023 (9 months ago) , and I feel Bitcoin was only get small impact by its incident (SVB Bankrupt). BTC price tended to experience a correction of 5% to 10%, and then it rebounded and making bullish pattern, even spiking by +25% within 2 weeks (actually at March 20).

IMO..the market remained fair for all instruments for investing purpose, so when there were economic issues in the banking sector, some people panicked a bit and made adjustments to their investments or changed their plans to get better position. Some shifted assets, and others swapped assets, so it's normal to see some turbulence on the market.

But at the end, Bitcoin was not fully impacted because the issues with SVB did not significantly affect the blockchain, cryptocurrency, and Bitcoin industries. Bitcoin back to normal and maybe some investor choose BTC to relocate their assets as safe haven position in BTC, that's why the price spike up again in some week. Just don't panic if there is another moment like this.

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Quote from: shawonngp on December 02, 2023, 09:27:03 AM

Bitcoin now a very strong popular currency and it's widely used around the globe. Even it's playing many important roles in the economy of many countries, So its affected if any bad news or good news are coming in the market as like war, government regulation, when it's directly affected on Bitcoin because many people holding this currency.

The impact of the influence of news can still have an effect on Bitcoin and the market simply because it is easier for most Bitcoin holders to panic so that price drops can still occur when there is bad news that can affect the minds of many people, especially the minds of Bitcoin holders. But this also doesn't last forever because apart from Bitcoin being able to bounce back through the effects of good news, Bitcoin can also continue to rise through the trust of many people who still want to continue owning Bitcoin after bad news occurs.

You can also see evidence of bad news that has happened in the past and can influence the price of Bitcoin in the market which ultimately makes Bitcoin return to a better price after that. And other evidence has also occurred this year where everyone has also seen how Bitcoin's movements can still increase and continue to improve after the bad times last year.

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Quote from: btc78 on December 01, 2023, 06:25:12 PM

Quote from: jeraldskie11 on November 30, 2023, 10:18:45 AM

Quote from: Mrbluntzy on March 16, 2023, 06:54:18 AM

I apologize if this is a dumb question but the fact is that I don't know why.

My question is, why is Bitcoin market always affected by all economics news, example is the issues with US bank like the SVB. Thank you

Not all economic news affect the market of Bitcoin, only those related to Bitcoin can affect its price. News is commonly use as fundamental analysis and it is being used by a manipulator effectively until now to get money from people. Without the news, I don't think if they can manipulate the market very well.

we have to remember that one of the driving forces that affect the economy is people’s behavior even in business people’s behavior and attitudes affect the success your business will have it’s the same with economy and bitcoin it’s all almost psychological if you think about it if the news is good then investors will gain confidence and will buy or will keep holding on to their btc and the opposite is also true if the news is somehow bad then it might decrease their trust in the said investments

Human behavior Indeed plays a significant role. People's attitudes and actions have a profound impact on outcomes, whether in business or in the broader economy. This is particularly evident in the realm of cryptocurrency, such as Bitcoin, where the market is highly sensitive to psychological factors. The influence of news and sentiment on investor confidence is a crucial dynamic. Positive news can instill confidence, leading to increased buying or holding of assets like Bitcoin. Negative news can erode trust and prompt investors to reconsider their positions.

This psychological aspect of financial markets underscores the interconnected nature of economic behavior and perception. Understanding and anticipating these reactions become a must for investors and businesses alike. It highlights the delicate balance between economic fundamentals and the perceptions and sentiments that shape market trends. Staying informed and being aware of the psychological factors at play is vital for making well-informed decisions in the dynamic world of finance.

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Bitcoin now a very strong popular currency and it's widely used around the globe. Even it's playing many important roles in the economy of many countries, So its affected if any bad news or good news are coming in the market as like war, government regulation, when it's directly affected on Bitcoin because many people holding this currency.

btc78

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Quote from: jeraldskie11 on November 30, 2023, 10:18:45 AM

Quote from: Mrbluntzy on March 16, 2023, 06:54:18 AM

I apologize if this is a dumb question but the fact is that I don't know why.

My question is, why is Bitcoin market always affected by all economics news, example is the issues with US bank like the SVB. Thank you

Not all economic news affect the market of Bitcoin, only those related to Bitcoin can affect its price. News is commonly use as fundamental analysis and it is being used by a manipulator effectively until now to get money from people. Without the news, I don't think if they can manipulate the market very well.

we have to remember that one of the driving forces that affect the economy is people’s behavior even in business people’s behavior and attitudes affect the success your business will have it’s the same with economy and bitcoin it’s all almost psychological if you think about it if the news is good then investors will gain confidence and will buy or will keep holding on to their btc and the opposite is also true if the news is somehow bad then it might decrease their trust in the said investments

STT

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The larger BTC gets the more wallets you have with spare change in there it is more stable because of that almost by accident as people have other concerns to take of. Speculators who over buy, cannot hold on because they are paying leverage costs will drop and reverse their buy much quicker then a casual user of BTC. Ideally we only really count growth for BTC when its serving a greater number of people then it was the year before, the broader the population of users the better. Speculators arent actual users, its why I worry that people take investment funds as some greater positive then they are, real people count far more.
Its less dramatic, I say spare change and in many cases I mean quite tiny amounts. The speculators and whales, the big talkers and movers even though they are big and make waves I care less about them then just incidental normal users I think the long term lies with real people simple as that.

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Quote from: fauzan Ichsan on November 30, 2023, 11:34:38 PM

Quote from: livingfree on November 30, 2023, 05:54:48 PM

Quote from: oktana on November 30, 2023, 05:06:57 PM

Yes, not all economic news affects Bitcoin, but many of them do.

That is true, many of them have always been affecting to Bitcoin but there are times that they're not. Just like a normal news that don't have any effect to bitcoin.

I seem to believe it before that there's no connection for Bitcoin and outside world. But as we move year by year, we see the vast adoption and the connections become deeper for bitcoin and also for other financial aspects and sides of many corporations and news that comes from them affects it.

the more bitcoin is spread across many people, the more those who hold bitcoin in large amounts will be able to move the price of bitcoin even though it is not significant, we can imagine if a country experiences war, where the majority of its citizens hold bitcoin, then the majority of citizens will take action. the same thing towards bitcoin, thus forming a large force that can ultimately influence the price of bitcoin.

Shouldn’t this be the reverse? Shouldn’t it be that Bitcoin spreads and is hoarded by more people, the less people can affect the price of Bitcoin? Because if it’s just one person that has something, they can easily make a decision that will affect everyone. But when many people own the same stuff, and one person wants to sell. it won’t impact the price like in the first instance because there are more pillars.

livingfree

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Quote from: fauzan Ichsan on November 30, 2023, 11:34:38 PM

Quote from: livingfree on November 30, 2023, 05:54:48 PM

That is true, many of them have always been affecting to Bitcoin but there are times that they're not. Just like a normal news that don't have any effect to bitcoin.

I seem to believe it before that there's no connection for Bitcoin and outside world. But as we move year by year, we see the vast adoption and the connections become deeper for bitcoin and also for other financial aspects and sides of many corporations and news that comes from them affects it.

the more bitcoin is spread across many people, the more those who hold bitcoin in large amounts will be able to move the price of bitcoin even though it is not significant,

If you mean by the influence of people who have lots of it due to manipulation, well, IMHO that's just a thought and hard to prove.

Quote from: fauzan Ichsan on November 30, 2023, 11:34:38 PM

we can imagine if a country experiences war, where the majority of its citizens hold bitcoin, then the majority of citizens will take action. the same thing towards bitcoin, thus forming a large force that can ultimately influence the price of bitcoin.

I am confused and I don't understand the logic about what you've said. But I do think that it's about the influence of the majority and the topic is all about the news.

So, let's relate it to war and then everyone's going to move here and there but the easiest thing is to bring their phrases with them. While the news outbreak that could lead to panic for every person everywhere in the world.

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Quote from: livingfree on November 30, 2023, 05:54:48 PM

Quote from: oktana on November 30, 2023, 05:06:57 PM

Yes, not all economic news affects Bitcoin, but many of them do.

That is true, many of them have always been affecting to Bitcoin but there are times that they're not. Just like a normal news that don't have any effect to bitcoin.

I seem to believe it before that there's no connection for Bitcoin and outside world. But as we move year by year, we see the vast adoption and the connections become deeper for bitcoin and also for other financial aspects and sides of many corporations and news that comes from them affects it.

the more bitcoin is spread across many people, the more those who hold bitcoin in large amounts will be able to move the price of bitcoin even though it is not significant, we can imagine if a country experiences war, where the majority of its citizens hold bitcoin, then the majority of citizens will take action. the same thing towards bitcoin, thus forming a large force that can ultimately influence the price of bitcoin.

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Quote from: Mrbluntzy on March 16, 2023, 06:54:18 AM

I apologize if this is a dumb question but the fact is that I don't know why.

My question is, why is Bitcoin market always affected by all economics news, example is the issues with US bank like the SVB. Thank you

The services provided by mixers happens to be an integral part to the essence of what is; be it to an individual or government or perhaps a body charged with the investigation of a situation that has to do with money laundering or the channel by which funds is distributed.
Mixers play a role of ensuring privacy at all cost and low cost for crypto users.
This in turn hinders a lot of progress on the part of an on going investigation in the case of an illegal transaction of which, mixers never distinguished between any but treat all transactions as same although, there policies separate them from anything illegal.
Still, having yo disrupt a process has always been the bane of mixers and a cause for trouble.

livingfree

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Quote from: oktana on November 30, 2023, 05:06:57 PM

Yes, not all economic news affects Bitcoin, but many of them do.

That is true, many of them have always been affecting to Bitcoin but there are times that they're not. Just like a normal news that don't have any effect to bitcoin.

I seem to believe it before that there's no connection for Bitcoin and outside world. But as we move year by year, we see the vast adoption and the connections become deeper for bitcoin and also for other financial aspects and sides of many corporations and news that comes from them affects it.

oktana

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Quote from: jeraldskie11 on November 30, 2023, 10:18:45 AM

Quote from: Mrbluntzy on March 16, 2023, 06:54:18 AM

I apologize if this is a dumb question but the fact is that I don't know why.

My question is, why is Bitcoin market always affected by all economics news, example is the issues with US bank like the SVB. Thank you

Not all economic news affect the market of Bitcoin, only those related to Bitcoin can affect its price. News is commonly use as fundamental analysis and it is being used by a manipulator effectively until now to get money from people. Without the news, I don't think if they can manipulate the market very well. But I'm so glad that Bitcoin is not the same as before that it can be easy to manipulate and people were getting panic just because of a simple news. Even CZ stepped down as CEO in the biggest exchange, it never affect the price not just because it's doesn't matter to people but also because its volatility is improving.

Yes, not all economic news affects Bitcoin, but many of them do. Understand that the news doesn’t have to spell out the name “Bitcoin” for something to start happening. Sometimes, it could be a simple linkage between what every sector it is in the news, and Bitcoin. Also, you speak of CZ step down not affecting the market price. Well, I beg to differ; BNB price was down by some percent that day. Idk if it was a coincidence but I think it had to do with the news. In all, I’m glad there wasn’t some crazy FUD because the whole market could have been impacted.

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Quote from: jeraldskie11 on November 30, 2023, 10:18:45 AM

Not all economic news affect the market of Bitcoin, only those related to Bitcoin can affect its price. News is commonly use as fundamental analysis and it is being used by a manipulator effectively until now to get money from people. Without the news, I don't think if they can manipulate the market very well. But I'm so glad that Bitcoin is not the same as before that it can be easy to manipulate and people were getting panic just because of a simple news.

I agree with you, @jeraldskie11, it's not every news that can actually affect or make the price of Bitcoin fall; it depends on what the news is actually about. Some may not actually be economic news, like, for example, during the time when El Salvador made Bitcoin a legal tender, as the news came up, the price of Bitcoin shot up. Also, when the market dipped around the month of August, there was news that Elon Musk had sold a huge amount of Bitcoin, but that was not actually true. Bitcoin's price is not controlled by only one fact: its technology is not built on a centralized network. Even some whales hold a huge amount of bitcoin, but yet they don't control it as they want.

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Quote from: icalical on November 30, 2023, 08:41:04 AM

Quote from: Mrbluntzy on March 16, 2023, 06:54:18 AM

I apologize if this is a dumb question but the fact is that I don't know why.

My question is, why is Bitcoin market always affected by all economics news, example is the issues with US bank like the SVB. Thank you

Basically because Bitcoin is part of the economic itself so every economics event will affect Bitcoin value, and Bitcoin markets currently are a speculative market which most of the time are affected by political and economical policies of many countries, and those policies were influenced by Political and economical issues

What you say is correct, currently bitcoin has become an important part of the world economy and many people in this world use bitcoin as an investment asset and protect the value of the money they have. I also think that bitcoin will become one of the protectors of a world country's currency, replacing gold which is currently the only protector of the value of a country's fiat currency. Market sentiment is something that cannot be separated from changes in the price of bitcoin at any time, when there is economic news that emerges, the price of bitcoin will also be greatly affected.

jeraldskie11

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Quote from: Mrbluntzy on March 16, 2023, 06:54:18 AM

I apologize if this is a dumb question but the fact is that I don't know why.

My question is, why is Bitcoin market always affected by all economics news, example is the issues with US bank like the SVB. Thank you

Not all economic news affect the market of Bitcoin, only those related to Bitcoin can affect its price. News is commonly use as fundamental analysis and it is being used by a manipulator effectively until now to get money from people. Without the news, I don't think if they can manipulate the market very well. But I'm so glad that Bitcoin is not the same as before that it can be easy to manipulate and people were getting panic just because of a simple news. Even CZ stepped down as CEO in the biggest exchange, it never affect the price not just because it's doesn't matter to people but also because its volatility is improving.

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Quote from: Mrbluntzy on March 16, 2023, 06:54:18 AM

I apologize if this is a dumb question but the fact is that I don't know why.

My question is, why is Bitcoin market always affected by all economics news, example is the issues with US bank like the SVB. Thank you

The fact is that no matter how much we would like to believe that bitcoin is the new digital gold, but this is not quite true. In bad times, people don't invest in it, but in gold. After all, if the entire economy collapses, then gold will remain, and bitcoin will most likely be held only by the most desperate fanatics and enthusiasts. Therefore, it turns out that from every change in the economic arena of the world, the price of bitcoin jumps like a roller coaster. And that is why it is called a High-risk dragging instrument in the financial world.

icalical

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Quote from: Mrbluntzy on March 16, 2023, 06:54:18 AM

I apologize if this is a dumb question but the fact is that I don't know why.

My question is, why is Bitcoin market always affected by all economics news, example is the issues with US bank like the SVB. Thank you

Basically because Bitcoin is part of the economic itself so every economics event will affect Bitcoin value, and Bitcoin markets currently are a speculative market which most of the time are affected by political and economical policies of many countries, and those policies were influenced by Political and economical issues

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Quote from: oktana on November 27, 2023, 06:11:21 PM

I’m not sure if this is the reason but I’m always thinking that maybe it’s because most of the people who have heavy funds in Bitcoin are also invested in other places, and if there’s a news about that other part, they may want to pull out their Bitcoin funds, or whatsoever. So, like the bank news you mentioned, some of the people who have a lot of money there may react to bank news causing change in Bitcoin. Just my usual assumption Cheesy

There are many factors that could affect Bitcoin's price and banks' activities are part of it like what the OP suspected, this is especially true if the news is US-related. Such news could affect the USD, and as we all know, the most paired currency with Bitcoin is the USD (BTC/USD), so it can affect it depending on the nature of the news.

What you explained is another factor where pumping and dumping of the coin is playing out, but there are many other factors playing out as well that cause or encourage the market sentiment to shift.

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