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 is a huge part in the bitcoin market right now, but is it really something bad that we need to be concerned about? I think not. Speculation can move prices both upwards and downwards, and it doesn't necessarily always have to be downwards.
And also as exstasie mentioned, a lot of the times, what really influences the prices are the current sentiment in the market, not individual pieces of news coverage.
Right now, we're in a bear market, which means that naturally traders will have the tendency to feel pessimistic about the market movements in the future, causing the downward movements that we see right now. It's part of how prices naturally moves in cycles, it's not anything negative.