Re: Are mainstream events linked to crypto's price movement on the market?
Do you think current prices on the market for each cryptocurrency are largely attributed to events in the mainstream world? I've noticed that every time the stock market goes up, crypto goes down in price. The same thing happens vice versa. Even Facebook's Libra announcement, had a positive impact in crypto's price within the short term. I believe this shouldn't happen in the first place as crypto was meant to distance itself from the centralized world. Linking mainstream events to crypto, will result more harmful than good, in my own opinion. Crypto should be independent from whatever happens in the outside world. Once this is achieved, cryptocurrencies will be able to reach prices far beyond reach. At least, that's the way I see it. Maybe I'm wrong. But, if crypto is truly linked with events in the mainstream world, we could have an idea when it'll rise in price or when it'll fall.
What do you think?
This is all out of our control, I can not be absolutely sure that the price here is influenced by movements in the outside world, but it could be the slightest possibility of happening, even in our world like that. To be sure we all expect the best here, regardless of all that is here it is influenced by the outside world, for me it is not so long as the price does not cause huge losses for us. And sometimes crypto also likes to cast its magic unaffected by the outside world or anything that happens out there. I think everything is unpredictable and enough to enjoy while running it.What do you think?