Post
Topic
Board Speculation
Re: Does positive news have any impact in bitcoin price
by
watashi007
on 08/09/2018, 11:08:22 UTC
Of course it does it could make the price of Bitcoin to go up,
Any news could affect the price because it will trigger the decision of the investors .
It is like the real estate market, the good news is that the price will grow drastically and vice versa. This is the information and communication age, all information will more or less determine the direction of the market.
You are right about the positive news affects any business or product in better way not only real estate goes better with positive news but almost all the products go better with positive news. Similarly Bitcoin has created different perceptions and we can only get attracted with it if we hear positive about it. When we hear that any other country when recognizes the Bitcoin then it shows us its positive image.
If you study the market trend then you'll see almost all the pump situations had some good news behind them which made the price go high. In future there are good news lined up for Bitcoin for sure and hopefully they will affect the market in positive way like always.