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.
I have no doubt about the power of media to play great role in the spread of information across the borders in the spur of the moment but this is a reality that it is controlled by the corrupt elites and certain authoritative individuals who can use media like a toll to portray the image of almost anything in another way. So I do think media can harm the market figures. Human can also disturb the market by making unwise decision which on aggregate level can affect the market.