Friends, how do you find out fake news? Do you think he impact of this news hinders the development of the market greatly, or the rates fluctuate only on major hype and fakes do not prevent the market from going forward?
It actually contributes to the price in terms of affecting people on investing. The spreading of fake news are common nowadays especially when something or someone is on the spotlight.
Let's take bitcoin as an example: when it was still on its embryonic stage, people were skeptical about investing and purchasing coins at that time as news were stating that it can be used under the dark web to purchase illegal products and services. With this being said, it convinced the public to avoid acquiring it and it also cascaded to countries prohibiting the transactions of such which contributed to its price falling below $1,000.
News do impact showcase somehow or another yet not all that fundamentally the same number of think. Regardless of whether they have some effect that doesn't keep going for long and I think this is a distinction contrasted with some past periods. I believe that Bitcoin showcase has turned out to be stronger and less delicate both to awful and uplifting news however that occurred in the lead position due to speculators that respond unique in relation to previously.
Being exposed and highlighted in the public is a double-edged sword, both that can benefit and be destructive depending on how it was showcased by the media. On the early days, bitcoin was regarded as an alternative currency which can be used under the dark web for illegal services. But such news also gave rise to a number of people who got curious and knew the existence of a decentralized currency which has unlimited potential. It really depends on how people perceive the news and on how they will do their research before coming to a discernment.