Quote from: Pipdips on September 10, 2019, 04:39:59 PM

Quote from: Mark_R on September 09, 2019, 11:46:06 AM

BTC PRICE DRIVER

Proven: Yuan falls, Bitcon grows, as Chinese regard BTC as a hedging asset. What happens now:
Yuan devaluation due to
-Chinese economy slowdown
-US trade war with the United States
-Monetary easing (China)
Long-term growth? 🤔

I think you are looking too far into this because blatant price manipulation is what controls Bitcoin prices. The price of Bitcoin does not coincide with any news or political events, it only seems that way if you read the news and if you follow politics. Otherwise the price of Bitcoin is just what it is. Bitcoin is still a very independent asset class that operates on it's own time and at it's own pace. I still think that all the Chinese politics and Chinese Yuan in the world are not enough to change Bitcoin price. Try not reading any news for a while and you will see. The only thing that really verifies drastic price moves are big buy or sell walls and you can see those by following the order books!

Yeah, I do follow the orderbook dynamics, chart and volumes.. Anyway, the sentiment has an impact as well, imo. It is reflected in the price as a complex of factors. Sometimes it is already discounted by the price. Sometimes it is still a trigger or a hint for trader. Stay informed but use the facts wisely.