Purchasing power has always been the main reason for the impact of cryptocurrency prices, and these purchasing power is often affected by the outside world, such as news, hackers!
Purchasing power does get effected by the outside world most of the time but there is more to it and what I see our crypto community members have a huge problem with making decision according to the outside world events because most investor has no idea to clearly understand between a false new and a right one when they are making a decision so most traders do panic selling without thinking twice and we should understand that we can only change the outside world for some extend but the most effective one will be to change the mind set who are already in the crypto world so bad effects that comes from outside world can be reduced or eliminated