Quote from: romero121 on August 12, 2021, 08:58:53 PM

Quote from: oHnK on August 12, 2021, 03:24:23 PM

Quote from: Wong Gendheng on August 12, 2021, 04:59:21 AM

Quote from: Levero on August 12, 2021, 03:53:40 AM

Bitcoin's price fluctuation is not entirely affected by technical indicators, it will also be affected by some social news.
When Musk declared to accept Bitcoin as payment, the price continued to rise and remained at that level for a long time. When negative news appeared, it was vulnerable to negative news and the price fell. Although the impact of these news on Bitcoin's price is temporary, these major events and the operations of some large companies will definitely have a huge impact on Bitcoin.

Public figures certainly have an influence but not significant, I'm sure when the price of bitcoin fell not because Elon Musk gave a negative opinion about bitcoin, but because many countries rejected bitcoin the big one of course was when the UK refused Binance to operate in the UK.

For me, the impact of Whales is still there and significant, however volatile crypto prices are actually when compared to stocks in terms of price movements, there are 2 influencing factors, namely technical and fundamental. The negative issues given by the Whales will indirectly disturb the psychology of other investors, resulting in FOMO. If there are regulations that also burden the market at that time, it is a fundamental issue that will have a fatal impact on crypto. But the problem with Binance seems to be not only in the UK but in my own country it is banned and this is not a fundamental issue I think.

Yes, the impacts of whales can be experienced over the market whenever there is some positive or negative statement from them. This is all because of being influential and holding a big volume of cryptocurrencies. Regulations from countries at present doesn't look more supportive to growth, because of the ban that is getting implemented over.

if you look at it from another point of view, it is precisely with the whales that make positive or negative news that ultimately affects the movement of bitcoin, this is actually an interesting time to make money, because we know the crypto market until now cannot be separated from such events.