Post
Topic
Board Speculation
Re: How news influence the market.
by
1Referee
on 11/11/2018, 20:49:18 UTC
I think that Bitcoin market has become more resilient and less sensitive both to bad and good news but that happened in first place because of investors that react different than before.

It all depends on the sentiment of the market. During a bull run everything of positive nature functions as fuel for the price to be bought up further, which we saw last year. In the same way, the correction afterwards was followed up with tons of bearish tinted news, which accelerated the process of bottoming out. Currently we're at a state where both good and bad news don't have any sort of effect at all.

Just wait for it, once the price starts bubbling up again, the news that pops up after that will steer the market to even higher levels, which is how it has been for years. This market hasn't matured. It looks like that because of how we're left with smart money now, but that will change when the lunatics of the world enter the market again when we go up.