From last few days, so many negative news regarding btc have been aired. Then lot of people speculate the price of bitcoin and just after that I have noticed some significant change in the price index of btc. Do you think that these speculation affect the price of btc a lot???
Speculation cuts both ways, it can be positive or it can be negative, in its positive side as soon as there is a positive news about bitcoin coming form the developers you can almost instantly see the price going up and then if we keep receiving positive news a bull market can form, the bad thing about speculation is that the media can influence people very easily and if several bad news appear then the price can go down dramatically and if it is big enough a bear market can form.