Quote from: InvoKing on April 26, 2018, 01:22:56 AM

Quote from: brawdias on April 25, 2018, 10:50:25 PM

Have you seen that MIT technology review explaining 3 ways to destroy Bitcoin ? It is from a month ago.

Well I won't discuss that, but briefly, imo they have too much imagination, for real, it's all biased.

So basically, even with this news the prices went up from about 7k at the time to the prices that are now. I learned that Bitcoin prices usually fluctuate due to bad news, but I started to follow prices only this year. What kind of news would make the prices decrease ? Anyone remembers one ?

Most of us have the impression that the Bitcoin price drops after bad news but this isn't accurate most of the time. If I am not wrong I remember lately that the Chinese exchanges' ban made the price drops (i have a shitty memory btw), while when the US auctioned +3k BTC, the price wasn't affected.
Same thing goes for good news.

It is never accurate as far as I am also concerned. The thing is there are some news that can actually spring up some reaction in the market, but really I just see as the whales and traders reacting to it and most of the time, the sentiments around may actually not go in hand with the movements on the chart which has made me to believe that no one can actually use news to judge the market movement unless we sure believe it is something that is worth listening to. Most investors are not actually stupid anyway.

Does anyone really care about news anymore? It is glaring that news are just some ways to make some gullible people get themselves screwed into missing out from the future in the long run. MIT technology reviewing how they can destroy bitcoin is actually absurd and I wonder why anyone would want to pay attention to such news. The market react based on how it wants to react at every present moment based on most especially how the whales and traders want to do their thing.