Hello, community. Political, economic and social news in the media significantly affect the life and behavior of the crowd. How can crypto news affect the movement of the market?
of course media is the most effective way to influence people. and when most people (coin holders) are affected by the news they can panic sell / buy and of course this will affect the market. and most media also become a tool of government hegemony to the public. so that what is broadcast by the media is very influential on people. and we should not easily believe and be influenced by the media.
Yes I agree with this statement. Cryptocurrencies users are the ones who run the market. Their decisions affects the movement of the market that could better or worsen it.. For instance, human stupidity like their panic selling could contribute a lot to the price decline/downfall.