Post
Topic
Board Speculation
Re: Effect of news circulating for Bitcoin prices
by
millgates
on 27/11/2018, 08:49:32 UTC
I am a little doubtful that what I wrote is worth it or not, but this always comes to my mind and wants to ask this,
I have read several topics here that the drop in Bitcoin prices sometimes occurs because investors experience panic and sell their assets after reading the bad news circulating, and here I have thoughts what if a crypto community has the intention to raise the price of Bitcoin and other crypto by spreading the good news about bitcoin and also introducing bitcoin and its usefulness to the wider community?
Will it help to increase Bitcoin prices?
Actually I also heard that bitcoin price will keep fall, maybe until $1500 so I decide to sell all of my cryptocurrency, not only bitcoin. I did it because I want to get better chance to buy bitcoin at lower price and when the adoption is become better then the demand of bitcoin will increase and the price will rise. If the whale want to stop it then they have to sell and sell their coin but how long they can do such thing? Until all of their coin sold then they will have no coin anymore and the adoption keep growing and the price keep rise. I agree that the news that spread is give really big effect on bitcoin price but usually the effect is only for short term.