Post
Topic
Board Trading Discussion
Re: As we all know, the price of the coin can heavily depend on the news.
by
Helena Ruben
on 20/12/2018, 11:52:17 UTC
I have to say I'm not so convinced. The influence of different news on Bitcoin price, as well as politics is exaggerated. I'm not saying that it doesn't have any effect at all but it is usualy only temporary and short term. News could make impact on people to make their decision in different way but still there is limited number of users who act only because of some news so the impact on the market isn't that significant.
Even if you take some news into serious consideration first you have to look at the source because there are too many fake news around us.

well, there is always exceptions, but in general I strongly believe it drives the market, but not to forget the details of the project itself, due diligence, white paper and so on, always research should be done. Predictions can be given by any and most are not reliable.