Quote from: Semaj123 on June 03, 2018, 01:17:37 PM

Quote from: JamescrypTrader on May 22, 2018, 03:13:51 PM

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???

Yes, it can affect the price movement of Bitcoin because it can trigger it to those people who are affected by their emotions. From my point of view, crypto value depends on the speculation because we know that it's decentralized wherein no one control its value.

It's a known fact. Even the stock market can be affected by speculations. One negative rumor can spread to panicky holders and then panic selling happens. It will snowball into more people selling, often at a loss.