Re: South Korean exchange hacks causing Bitcoin price drops, but less consequential.
that would require the traders to be sitting behind their computers and refreshing all the news websites continuously and as soon as an article is published take action based on it!S
Or maybe when the bitcoin hack happened all the South Koreans noticed their coins were having problems so they told everyone and other people got scared and there was a panic sell...And when the Mobile Cash app got approved for Bitcoin trading everyone who
It's simply how society's work. Stop and actually think about what bitcoin news events actually mean with respect to human behavior...
I am not denying that news affects the price and human behavior. I am saying if these particular news articles were indeed affected the price then it should have moved a lot more than just 2-3% and also it would have taken a lot longer then a couple of minutes. this rise you are talking about in 19th only took about 6-7 minutes and the volume was about 300BTC and it literary happened exactly as I explained above. a big buy order happened then the rest followed in a FOMO buying fashion.
