Post
Topic
Board Economics
Re: Iran/US tension's effect on crypto and economy ?
by
Wexlike
on 14/01/2020, 14:21:46 UTC

Same thought here.  The tension between US and Iran were just used to manipulate the market.  There is no direct correlation between the current Bitcoin price movement and this so called tension.  Because if it is so, why does the price of Bitcoin increase today when the situation in the middle east does not change nor the tension escalate?  I believe this kind of thing is just the result of the wild imagination of writers paid by some whales to incite something in the market.

Very correct! It is the media and their experts who need to tell the audience the cause and the effect of an action, even when there is no logical correlation between them.

Bitcoin would have to react much more to Trump tweets, when most of the time the market just doesn't give a fuck, until some big whale makes a splash in a direction.