do you think positive and negative issues about cryptocurency on the internet will affect the rise and fall of the price of cryptocurency. therefore I have an opinion, what if we make a positive issue about cryptocurency that may make or affect the rise and fall of the market price of cryptocurency and here we are in a very big community, isn't that likely to affect globally ?
and how do you think about it ?, I want to see opinions from your side of perspective
Thank you for your concern
I think yes, bad news on cryptocurrency and bitcoin will makes the bitcoin price and the market going down. For example like facebook and google that banned paid ads about crypto, when it happened, the price goes down. If its a good news, a positive result will come and makes the market goes up.
I completely agree with you that both negative and positive news make an influence to bitcoin price, but its not really that only those factor affect bitcoin price. There also have many different factors affect to bitcoin price which we dont know what it is. There is no doubt that positive news bring the market to a rise and on contrary, negative news can cause the price to drop. Besides, the demand and supply also take an impact to bitcoin price as well,the demand of bitcoin depends on many factors such as: its reputation, the trust between members to members and that sort of thing.Most importantly,trust plays an important role in crypto market. In a nutshell, there are so many factors that take impact to the rising and decreasing of bitcoin price.