Topic: Will the geomagnetic storm influence the BTC price again March 18 ??? (Read 250 times)

Well tomorrow will be March 18 and I wanted to see if there's indeed correlation between the said geometric storm and the bitcoin price. Today almost everyone has bounce back and going green so let's see how it goes tomorrow.

I agree with someone that it might affect the moods of investors for some strange reasons.

https://www.commdiginews.com/health-science/health/the-impact-of-solar-flares-on-the-human-mood-and-psyche-25963/

This is the stupidest idea I've ever heard. Lol!!! My answer is Yes. Big explosions in the sun will throw out the core of bitcoin. They will fall to the earth at the speed of light. Bitcoins will fall from the sky and this will provoke a fall in bitcoin prices. The price of bitcoin depends only on the behavior of people. It's impossible to say why bitcoin will never follow the rules.

Probably this storm will really affect Russians - they have the presidential elections on March, 18. However, it will have no influence on the cryptomarket.

So what is the conclusuon guys? Did the Russians create a geo-magnetic storm to cause Trump to attack the alleged North Korean chemical factory in an underground bunker in Syria? I jest not, there is a rumour that North Korea has an underground plant in Syria, I'll leave it to you to decide how likely that is.

LOL. WTF. I don't see any correlation about some big magnetic waves influencing how people will do to their money. It might be a coincidence though, I'm as superstitious man, I admit it, but sometimes we need to draw the line here. If probably we have more data to back up the claim, but for now I'm totally inclined to see as it as form of "excuse" and the explanation as to what is going on the market or even the whole stocks as well. Perhaps is already engrain into our consciousness to look seek explanation beyond the stars and the galaxy. It would be interesting to note though, as this is the first time I have read and the theory behind it. I guess their nothing to lose and see how it goes in March 18 in the "cryptoverse".

I would like to further explain how I'm trying to interpret in this thread the connection between the geomagnetic storm and the bitcoin price on the basis of what natural and economic cycle experts preach. The point is not about the geomagnetic storm interfering on our pc o mobile phone or if there is a "true" correlation with people buying or selling bitcoin. It's not like:"Ou my god, the storm is making my phone glitch, I gotta sell BTC" or "The storm makes me feel depressed today, I'll sell all of my BTC".

The geomagnetic storm is an event that is connected to natural cycles but on a much bigger scale. Unfortunately we cannot see how these type of cycles work as we have too little historic data to uncover the cycling nature of these storms. However, as we know everything in life is cyclic in nature, we could interpret this storm as a signal (not as a fact that something will change in the crypto world), but if other "signals" appear at the same time like FUD, Google banning crypto adverts, G20 (in case of a negative outcome), Mr Kobayashi dumping more coins, etc., the storm could be therefore seen as a prediction of an imminent low in bitcoins price ONLY IF other negative factors manifest at the same time, that is, the ones just mentioned above.

The storm by itself means nothing. It gets value only if supported by other much more concrete events in the crypto world.

Honestly, I do not see any connection between a geomagnetic storm and the bitcoin price. The only effect on bitcoin would be if the storm damaged the electrical network around the world. Otherwise, it does not matter.

I wonder what the direct correlation is (if there even is any) between the geomagnetic waves and markets in general. As in, is there any forced delay between buy/sell orders that make people want to wait out the storms before they actually buy? If there are no true correlations, I'd find it very funny how people put together anything to have impacts on "making money."

Regardless, even if there have been drops in the past, I don't think there's much grounds to say that the same will happen again. Always remember that correlation does not mean causation.

Well, maybe this wave or whatever they may call it got some influence in the decision-making process by Mr Kobayashi leading him to dump a big chunk of Bitcoin to the market. The world around us got many forces that can somehow make some manifestation or pull on humans though we may not be seeing these forces with our own naked eyes. Personally speaking though, I believe we are all free agents and we decide based on our own perceptions of things or projections of what can be based on vested interest or that of others.

This is just stupid, OP.

I didnt even feel this geomagnetic storm. It didnt affect any electronics here... why the fuck would this affect stock markets?

This is FUD specially cooked for newbies.

Predictions are becoming ridiculous

Tomorrow I'll go to the movies
Last time I watched a movie BTC crashed

Short of it wreaking absolute electrical havoc by thrashing mining farms and shorting out nodes, I honestly don't believe it can impact Bitcoin price. It looks like it was sensationalized anyway, at least according to this article. People are more likely to talk about the Northern Lights it could bring to the US rather than the minor electrical fluctuations anyway.

That being said, I see how it could be used for FUD to drive newbies to sell. Propagandists could say that it could knock out the Bitcoin network, for example. It's a long shot though, in my opinion. I wouldn't have even associated the two if I hadn't read this thread lol.

The report on the geomagnetic storm has been modified: it should hit us tommorrow and bitcoin started to fall today:
dailymail.co.uk/sciencetech/article-5494489/Huge-solar-storm-set-slam-Earth-TOMORROW.html

I too agree there is no direct influence on the bitcoin price, but if you look at these geomagnetic waves as a part of a cycle in Nature (or in the Cosmos in this case), the whole situation could get some consideration, at least out of curiosity.

Nature functions in cycles. Each 24-hour period can be divided into smaller cycles of morning, afternoon, evening, and night. The whole year can be divided into seasonal cycles. We are asleep, we are awake. We inhale and we exhale. We live and we die. Cycles are abundant in nature and they happen whether we like it or not.

Economic and financial experts have noticed that the world also follows different cycles, that is in trading, and from my experience also in crypto trading, or to be more exact, in crypto investing. An important pioneer in this field was the Russian social economist, Nikolai Kondratiev - check him out, amazing stuff. Basically by finding and following these economic cycles you can approximately predict when the stock market or the crytpo market will go in bear or bull mode.
So these geomagnetic waves could be one piece of a number of cycles merging into a point that could eventually become a buy or sell signal for the market (in this case probably a sell signal). When more different cycles merge at the same time, that highers the probability of a changein the market to happen.

To really predict if this is going to affect the market no one can really tell but we most be look at what has happened before and see there infect on pricing. If this has affect the price before then we should expect the repeat of the markets reactions and it is going to affect price negatively based on the current information we hear from people that has be monitoring this event.

Lol yeah, I also don't understand why a geomagnetic storm might influence bitcoin's price. From what I understand they can cause some disruption in electronic items if the storm is big enough but why would that affect bitcoin price. It might affect mining I suppose if it interferes with mining equipment and damages it.

I don't think so. I have never heard geomagnetic storms having any effect on humans or their behavior. They essentially only cause disruption in Earth magnetic filed, they shouldn't have any effects on humans.

Just wait for there to be negative decisions made at the G20 summit but the geomagnetic storm to get all the credit for the downfall of the market! Curse you solar wind shocks and your hatred of cryptocurrency!

I'm struggling to find a correlation here, and my first reaction was - do I have to wrap my computer in tinfoil?

On a more serious note, I suspect that geomagnetic storms can affect people's mood swings, and this could have an impact on investment, and quite a few other things.

Chalk it up to coincidence and leave it at that as far as I am concerned. What I would be more concerned with in and around March 18 is the G20 Summit that will be happening. Cryptos will surely be topic of discussion there, I feel like that will have more significant impact than a storm will.

As Cellard said there is no real way of knowing, it could be coincidence or there could be something behind it. When trying to consider causality such as this I like to first consider 'what could be the possible reason?' - If I cannot think of one then I suspect it's probably just some weird coincidence and for this I cannot think of one.