Hello everybody, I am new to the bitcoin and bitcointalk forum. I just wonder what/who make the price of bitcoin, and what does it depend on?
It can sound silly but I believe that we all are contributing in the process of forming bitcoins price. By panic sell and panic buy we can affect the price significantly more than som enews around.
Social media is able to make big impact upon bitcoin prices. As bitcoin is far more dependent on News than on fundamental or technical analysis, people tend to manipulate the prices by giving false and fake news. So we should be careful and always verify the source of the news.