Post
Topic
Board Speculation
Re: When Bitcoin 100 000?
by
chuyengia2244
on 27/09/2018, 17:22:08 UTC
bitcoin is too sensitive to news. if there is negative news, the price of bitcoin will immediately drop. years earlier bitcoin rarely received negative news, but this year negative news came in succession.
It's correct. This market is very sensitive to news and can be seen as a news-controlled crypto market. All cryptocurrency fluctuates when news hits the market and bitcoins too. We can see that in 2018 there is too much bad news and it causes the prices of bitcoin and altcoin to fall very deep compared to the end of 2017.
If the market is sensitive to news, it has both good and bad sides. By 2020 all news about bitcoin are good, the market may look like 2017, prices will increase 20 times. We have the right to hope (although i only trust 1% Grin).