actually it's not only bitcoin that is affected, but other sectors are also affected, you say why bitcoin is always involved, because many people have put money there, so when good/bad news comes, the price will immediately fluctuate.
Topic: Why is Bitcoin always affected - page 6. (Read 999 times)
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
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 answer is on the surface: bitcoin has no real value, it is a purely speculative asset, and almost anything can influence its value. And influence both in the direction of growth and decline. And we do not take into account the influence of real market manipulators
This is an ordinary market effect - if an asset has no real security, a cost price close to zero, wild volatility ... Therefore, for now, its purpose is sometimes to play the role of a high-risk investment instrument, but storing your assets in it is stupidity. At least devirsification, into fiat, gold, ... and some part in cryptocurrenciesStrictly speaking, many people exaggerate about bitcoin, but they don't know that bitcoin has no utility other than being a speculative asset. A tool used by sharks to create a money game where people take money from each other, but people are thinking bitcoin is creating value for society, lifting the poor out of poverty. It would be foolish to invest without diversifying, and even more foolish to think that bitcoin is something that will yield returns without risk and invest it all.
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
Bitcoin has a risk-free, fair approach to control. Over time, the greater the importance and awareness of people towards bitcoin, the greater the belief in decentralized autonomy. That is exactly how bitcoin affects every aspect of the economy. Do you put your absolute trust in bitcoin or will you choose to take risks where you cannot be proactive and controllable? I think that's also part of what drives bitcoin's influence and value.
Bitcoin's value is often tied to its perceived utility and adoption as a payment method or store of value. Economic news and events that impact the wider financial system, such as changes in monetary policy, currency devaluations, or financial crises, can also have a ripple effect on the adoption and usage of Bitcoin. and the main reason is because it is a popular alternative asset for investors looking to diversify their portfolios.
Bitcoin even today is still something very interesting and fantastic for our circles but for the world bitcoin is not that big. Now we can be said to be still in the form of development so obviously this will be greatly affected by the economy. but on the other hand at this time it is actually not only about bitcoin or crypto but obviously all types of investments that have value in them will definitely be affected by the economy and this is something that will definitely happen.
But in this case we can conclude that actually the positive side is that when the world economy starts to improve this will also clearly affect bitcoin to improve again.
But in this case we can conclude that actually the positive side is that when the world economy starts to improve this will also clearly affect bitcoin to improve again.
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
Very interesting. In my opinion, The main reason why Bitcoin is so often affected by economic news is because it is still a relatively new and volatile asset. As a result, investors and traders may be more sensitive and reactive to news and events that can affect their value. Additionally, Bitcoin and other cryptocurrencies are often viewed as alternative investments, meaning they may be more susceptible to market swings and shifts in investor sentiment.
In the case of issues with US banks like SVB, there could be several reasons why this could impact the Bitcoin market. For example, if a bank stops providing services to cryptocurrency exchanges or companies, this could limit investors' ability to buy and sell Bitcoin, which could impact its price. In addition, news about regulatory crackdowns or other negative developments in the cryptocurrency industry can also affect the value of Bitcoin, as investors may become more cautious or unsure about the future of the asset.
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
Before, it wasn't like that. Whenever there's some news about economy related topics that were definitely bad news, it doesn't affect bitcoin a lot. But the dynamic changes, market changes and fundamentals have been greatly increasing for bitcoin. So, having this question play on your mind isn't really dumb at all. We're all wanting to know why it's like that and you'll get various possible good answers from here. Since there have been a lot of change in the market, adoption have increased and that's why having this question is also the same like thinking why every economic news affects the global markets. Let's think that, all investors and traders do follow the news because it is the market mover every time there will be a news release coming from FED or any bank that's in closure or collapse or anything related to them. 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
I think because bitcoin is a commodity too so it causes an effect for that, when the bank goes into disruption, people start to get scared and take all their money and then invest it in other sectors like crypto or something so there's a big transfer of funds then then the crypto market going up, investors will always be looking for a better place at that point.
Of course all news will affect Bitcoin's performance because Bitcoin users are globally, but the percentage of influence certainly depends on the community in the country, USA users are certainly very large so that anything related to the news in the USA will affect Bitcoin, the last of course when there is bankruptcy FTX who brought a big shock in the market
There are recessions, bank related problems as well economic issue in USA now that affects not only the US investors in stock but also any money related organizations. It is natural for the people to react also in their Bitcoin investments since some make trading crypto as their living income and uses it in their spending. That's why we need to diversify our investment and not only save in bank, stocks or crypto but to have multiple investment and sources so when problem occurs we have still some at saved. 
The answer is on the surface: bitcoin has no real value, it is a purely speculative asset, and almost anything can influence its value. And influence both in the direction of growth and decline. And we do not take into account the influence of real market manipulators This is an ordinary market effect - if an asset has no real security, a cost price close to zero, wild volatility ... Therefore, for now, its purpose is sometimes to play the role of a high-risk investment instrument, but storing your assets in it is stupidity. At least devirsification, into fiat, gold, ... and some part in cryptocurrencies
I would guess that there isn't really that much of a "value" in other things that you named neither, by logic we put value behind them and that's the issue .Gold has a value? What kind of value does gold really have, how much of it is used for something important and needed? This is an ordinary market effect - if an asset has no real security, a cost price close to zero, wild volatility ... Therefore, for now, its purpose is sometimes to play the role of a high-risk investment instrument, but storing your assets in it is stupidity. At least devirsification, into fiat, gold, ... and some part in cryptocurrenciesSure it is "used" in some stuff outside of jewellery but so rarely, which means that traders are the ones that decide it. Hell most stocks are like that as well, we could all sell our stocks and it would crash and most likely even bankrupt the company if we did that, which is an issue. On the other hand, we are talking about a situation where bitcoin is not really different from any of them.
Bitcoin makes good hopes for the future, today there was an increase of more than 7% and now the price position is more than $ 26k, I believe that slowly the price will recover and of course we can get big profits, this is because at this time I make bitcoin as an investment first choice.
Bitcoin continues to shine and this week has gone up more than 33%, of course this is a strong indication that this year the market can rise again, it's not wrong if many people believe ATH will occur in the range of $ 80k, it's time to keep buying and never sell again especially at a low price and loss.
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
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
Why is your account Archived, I'm seeing that in your profile and this is my first time seeing that status on a bitcointalk account profile. Back to your question, my friend, you see SVB is one of the oldest Crypto banks in the crypto space according to CoinDesk, and it's custody to other crypto custody like USDC, PAXOS, and some crypto exchanges. If you remember when UST collapsed last year due to deppeg, which affects other protocols and Lock bitcoin (wrapped and unwrapped), a similar thing happened to USDC, the SVB bank became insolvent and unfortunately, USDC had about $3-4B trapped in the bank and people hold USDC panic and start selling USDT to mitigate loss and not repeat what happened to UST occur again but fortunately, USDC covered the loss and burn some USDC with their reserve and everything becomes normal again and that's the reason you see Bitcoin was dumping.
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
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
Of course all news will affect Bitcoin's performance because Bitcoin users are globally, but the percentage of influence certainly depends on the community in the country, USA users are certainly very large so that anything related to the news in the USA will affect Bitcoin, the last of course when there is bankruptcy FTX who brought a big shock in the market
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
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 answer is on the surface: bitcoin has no real value, it is a purely speculative asset, and almost anything can influence its value. And influence both in the direction of growth and decline. And we do not take into account the influence of real market manipulators
This is an ordinary market effect - if an asset has no real security, a cost price close to zero, wild volatility ... Therefore, for now, its purpose is sometimes to play the role of a high-risk investment instrument, but storing your assets in it is stupidity. At least devirsification, into fiat, gold, ... and some part in cryptocurrencies
It is normal, many people who invest in properties through stock or real estate can get panicked, they react to bad news, they can get panic because they don't want to see their money lose some large percentage, it's the same with crypto investment, and once they start pulling out their capital the stock value or crypto value will be affected.
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
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
In my Opinion One reason why Bitcoin is affected by economic news is that it is often seen as a speculative investment, with many investors buying and selling based on market sentiment and news events. As such, any news that affects overall market sentiment, such as changes in interest rates, government policies, or major geopolitical events, can have a ripple effect on the Bitcoin market.
In the case of the SVB issue, the news may have caused investors to become concerned about the regulatory environment surrounding Bitcoin and other cryptocurrencies. This could lead to a sell-off as investors become more risk-averse, or it could cause increased volatility as investors try to gauge the potential impact of the news.
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 that we are looking at its daily price, and such a future has one side in trouble is going to be difficult. And there is no difference here, BTC has a small part in the economic market. And if it doesn't react to information like this then I find it unusual.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
Anyway BTC should be one of the financial portfolios, see the reaction of gold, oil, ... are reacting.
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
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
do you think Bitcoin is the only reason why the economy has been affected according to the news? I think you are wrong in your opinion on that dude.
In addition, even before the SVB was closed, bitcoin's market value was already up and down. I doubt that's because of the svb dude. There are many reasons why that happens, you should know that.
We have to accept that the Bitcoin market are also "infected" by a lot of speculators. These people do not care about anything other than profit. The speculators are very trigger happy, because they have to protect their profits, so they will dump at the slightest indication that there might be trouble.
They will sell their bitcoins before it happens and then move that money into other "safe heavens" to protect it. That is why the market are influenced by negative news.... even if that news are bogus. (FUD)
They will sell their bitcoins before it happens and then move that money into other "safe heavens" to protect it. That is why the market are influenced by negative news.... even if that news are bogus. (FUD)
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