Post
Topic
Board Economics
Re: When bitcoin prices rise up the market also will
by
iMark
on 28/09/2018, 02:04:12 UTC
indeed, when the price of bitcoin rises, the market prices of other commodities also go up, maybe bitcoin can be said to trigger market prices, and vice versa when the price of bitcoin goes down. if we can take advantage of moments as best we can eat we will get the maximum benefit
Yes, if you can take advantage of that moment then you will have a good opportunity to make a profit because the price of bitcoin does determine where the crypto market will move, but so far when the crypto market goes down there will be panic everywhere and the unstoppable FUD makes worries and panic continues to occur. If you don't care about things or issues like that and stay calm in buying, then you will laugh when the market increase, whether it's for a long time or a short time.
So the point is not always the weakening price is the right time to buy and immediately take advantage of that situation is not the right idea, you have to look ahead with your analysis that fud has stopped along with weakening prices or not ?. for bitcoin we certainly know the great effect on the market