Quote from: Moeda on Today at 05:29:00 PM

Quote from: shanhaigamefi on May 11, 2024, 07:51:02 AM

Bitcoin's recent price decline can be attributed to a combination of economic uncertainty, regulatory concerns, and market sentiment. Factors such as inflation fears, cautious remarks from Federal Reserve officials, and regulatory uncertainties have led to a sell-off in Bitcoin and other cryptocurrencies. Market sentiment and investor behavior also play a significant role in driving price fluctuations. Despite short-term volatility, long-term fundamentals, including adoption and institutional interest, remain bullish for Bitcoin and the broader cryptocurrency market.
Do you think these are the reasons?

Bitcoin price increases and Bitcoin price decreases always start from public issues, statements by officials and world figures.
When a world figure says he will buy Bitcoin, the price of Bitcoin will automatically increase. When it is rumored that a country is banning Bitcoin, the price will automatically fall.
But I see the exchange as just a whale's game. He can tinker as he pleases because he has capital. And one whale communicates with another in the business sector.

Going back into the past or lets say 2015-2019 on which this market isnt really that highly or really that reactive when it comes to news or sentiments but now on these years on which it is really that something that really been relying and people is really that basing up with those Fundamentals on which its not really that bad considering that it is really that correlated or something which is connected.
Aside from technicals then it would really be that significant that people would really be that keeping an eye when it comes to news on which it would really be something that a normal approach to have.
You would really be that definitely be thinking that if it turned out to be negative then it would be making some dump in the market, vice versa. There are really just that those individuals
who would really be that highly reactive or really that not thinking off that well.