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 many people who invested their money in bitcoin are those who do not know better about bitcoin and do not understand the price structure and the chart so they rely on the others speculations and when they hear about any negative speculation then they sell their bitcoin and because of that fool decision the price of bitcoin reduces.