Bitcoin Forum

A lot of people asking what happened after a steep move of btc price. Just like there must be a bad news for down and good news for up. There is no rule like this and probably a lot of people will not really understand. There are few thing affects btc price but news are less affective on price, dont like to give numbers but it is more %5 of btc price is related with developing news, infact there was no real relation but some people think there is a relation so it causes an affect on price. Likely a lot big drops happened without a proper reason. But still people was wandering around any news which may cause to this. Big company accept btc so it should rise? they dont microsoft accepted btc affected only %0.5 bump on price just long 10 hours and price continued to drop that days, some people says mtgox crysis is the cause of 2013 rise and fall i find it funny. There are a lot of price moves on btc and you cant find matching news with them. If you wonder what is real cause of that steep drop i can say it is manipulation, not even free market can react that fast it is manipulators. But it is another topics's subject.
Just know bitcoin price is almost not related with any news. :-*

Sometimes it does and sometimes it doesn't. Bitcoin has clearly reacted to the first few waves of ETF rejections, Bitcoin has crashed and then recovered after last year's China ban. There are more correlations like that, but also there's a lot more coincidences or simply lack of any price change. So, as a rule of thumb, one can assume that only truly big and relevant to Bitcoin news are important. Generally, it's the news that involve important governments like the US, EU, Korea, Japan, and the news have to be specifically about Bitcoin.

Well, I agree that the news doesn't affect too much in the bitcoin price like what happens these days. Honestly, I was looking for the latest news days ago after the price suddenly drops. However, no latest news that can give you accurate reasons and almost all articles are related on speculation why the price was dropped in just one day. So, I guess the reason behind the price dropped is that there is a huge group of whales that I think who sold a large number of bitcoins. So, I agree with your opinion too about manipulation.

I wouldn't say it completely doesn't affect bitcoin price. Rumors and news still push the price up and down. For example, the ETF proposal by VanEck and SolidX was news, and it drove bitcoin price up to $8,200 before the decision came to be postponed (still news), and bitcoin went on a downtrend. I believe that bad news (and FUD) impacts bitcoin price much more than good news (especially if it is not a bull market).

My opinion is with bad news and some issue is spread by whales or some people so they want public (or maybe people with new in crypto world) will think if there are bad news then the price of bitcoin will fall so the will sell their asset and then the target of some whales is reach the will buy bitcoin with low price.  And the target of this bad news is psychology from new traders. So we only can hope that people will learn and can be smart so they know about how can bitcoin will going up or down. and there are true if price of bitcoin is have been manipulated with some people i agreed with you.

news is always effective without an exception, but the size of that effect is always different. for example during a bull run when price is rising up fast with a lot of money coming in, a negative news can not even put a dent in it but you can see a drop because of it. similarly during a downtime such as these days where the money is waiting on the sidelines to see the direction bitcoin is going first before entering, a positive news can't have much of an effect.
that is why FUD is always more successful during a drop or correction rather than during rises and near the peaks.

the way i see it, news is always secondary to the actual underlying fundamentals. for example, if bad news triggers a major selloff, that indicates very weak bid support and lots of supply that was ready to be sold. in other words, the sell pressure was already there, and demand was already weak. 

as another example, as pooya87 points out, bad news can't put a dent in a bull market. that goes to show you the important thing is whether you're in a bull market or bear market. you might see a selloff following negative news and think therefore that news drives the market. but most traders will tell you, that move was going to happen anyway.

I agree with you. I think the biggest impact of Bitcoin's gains and losses comes from those manipulators (whales/sharks) who deliberately create panic and make a profit!

You cannot assume that this statement is 100% correct. Some drops happened in reaction to some bad news but most of the time people struggle to find what caused it.
This fact is less common in bitcoin comparing to small cryptocurrencies.

The market is based on speculation. So any news whether positive or negative will have some impact on the price. A classic example in China's sudden U-turn on crypto and Jamie Dimon capitalising on it. So the price is fueled by that news itself causing the price that time to plummet. What investors should do is to filter those news and read the story between the lines. Maybe its fakes news so don't immediately jump in and panic sell. You really need to understand everything before making decisions to hold or sell. And at the end of the day, when everything settles down, bitcoin will recover and back to where the price is prior to FUD or negative news.

I'll agree to some extent that news does not play an important role in deciding the movement of the prices, however it depends on which phase are we in. If you remember last year when the bulls were raging, none of the negative statements had any effect on the prices, but no sooner did prices start to drop and all fud news came in the prices got effected. This happened cause we had given up support for bitcoins, and were ready to believe the fud was true, but not all news effect, the only news effects the prices are the one community chooses to be effected by it.

News sometimes affect bitcoin price as we have seen it quite a few times. i wont list any examples as anybody who is following crypto sphere knows what events are in question.

I personally think that what we must learn is to stay focus and never get affected with this fake news ,things that is really making all of us crazy when almost truth releases by the press that in the end will comes out as fake and not reliable,that this are a paid news to bring the market rattles .hoping with this we shoul$realize that even how bad the news is,bitcoin will always be bitcoin and crypto will remain for the future

Price is sometimes related to news. We can see this quite clearly when China announced that they were banning ICOs and the markets went into a frenzy of panic dumping.

However, prices moving are not due to one single factor, and people who attribute price movements to a single factor generally is trying to push an agenda. It's obvious to me that the previous dump that we saw a few days ago from $7300+ to $6300 is probably not attributed to any single media piece, but rather a variety of factors, the most of which is probably just that the sentiment within the market is still overwhelming bearish, causing this correction to happen in the first place.

Another thing to understand also that in a bear market, markets are less likely to be affected by bullish news because the sentiments are negative. That's why I think ETF approval at this point of a bear market may not even spark an entirely new bull market, but rather just have a short term pump associated with it.

While I'm not at all convinced of the actual impact of ETFs in the long term, I do strongly believe that an approval might initiate a speculative bull run that will last till the actual product becomes publicly accessible.

In other words, we'll get to experience a sell the news scenario just like what happened once it was clear that we for sure knew that the futures markets were reality. After CME went live, the price started to plummet logically.

I'm interested to see how the market will respond after yet another SEC delay. It's for sure that they won't approve an ETF and I see that more people finally start to realize that, so maybe there won't be that much of a selloff this month.

Well, short term prices are definitely related to news. Don't think that the correction from $7k+ to now is a result of any particular piece of news, though.

It's just that sometimes people overly stress the importance of such news. Sometimes news is exaggerated within the market to bring market sentiment artificially down in the short term, just like we saw with ETF rejections when the first ones came out. But as you can see now, no one cares anymore about ETFs being rejected in the market.

News does play emotionally on the market in the short term which could drive prices up or down. But in the long run, what matters most is adoption, not news at all.

There's the voice of reason right there. People no longer wake up to read the news and then go straight to their trading panels to act on it. There is existing sentiment, and sure the effect of news is either to support that sentiment and strengthen it, or to slowly erode confidence in sentiment. The seeds of hope and doubt are planted much earlier on, and there really is little that news can do to change them.

Underlying fundamentals determine the market direction. There really was so much "FUD" in the 2017 bull run. The incredible congestion. The "civil war" with Bitcoin and Segwit that threatened splits. The China bans screaming out churlish headlines every day. Those may have prompted some sell offs but the price climb couldn't be stopped.

And now that the contraction is well underway, no amount of bullishness spouted from the media can convince the mainstream that they should be buying up now. Those significant buyers already know their entries and perhaps news helps them reach those entries, but goalposts don't shift for the serious, long-term players.

I'm somewhat on the same side, and it could even be that current "lower" levels have calculated bad SEC news in already, and thus we might not see any sales at all. If the price doesn't go up in the runup to the announcement this month, which means that the ETF announcement has no relevance anymore, then it's probably safe to say that the aforementioned applies.

My initial plan was to open a short position just before the SEC deadline, but if the market doesn't react I'm no longer doing it since there is too much risk attached at that point. I only strike when the risk reward ratios are favoring a potentially positive outcome for me, and right now it's not looking all too good.

I think after affecting the Bitcoin only news are comes in the market so most of news channels are spread the negative rumours but Bitcoin price is depends on supply and demand. I know many peoples are panic in negative news of Bitcoin but everyone have own brain so they analyse properly then leave the investment of Bitcoin and altcoin.

I actually thought by now, a lot of people would have realized this. It is still very surprising that a lot of people usually think with some news, the market will behave in certain ways and then we will either get to see a drop or something.

Any news that would bring about a huge adoption is the only thing that would actually be affecting the market, but the truth remains that, this is not something we are seeing that soon. Market manipulators are everywhere and they tend to direct the market to wherever they please, and only until people just realize this before they will start paying less attention to prices in correlation with news.

I am disagree with you, because you can not telling this, that global news has no effect on Bitcoin Price, because some drops in price happened then people  react to some bad news.

Right, I have always believed actually from time that even if the market tends to go down because of the ETF disapproval, it would still be just some whales trying to play with the market to their favor and nothing else. We may not want to accept that sometimes but it is the truth and because of the high volatility of the market, we know how people react to price movement pretty fast than even news.

Still, the approval of ETF should actually help to usher in more money and even more matured market, and that should be a positive thing for the market generally but it won't be like moon occurring overnight like some people always assume.

an alternate explanation is that altcoins and ICOs were were bubbling for months, forming a blow off top, and a harsh correction if not outright crash was coming no matter what. everyone sitting on massive gains on thin order books at a time when the market could run out of greater fools at any moment---that's the context we're talking about.

if the news dropped in may or june, it wouldn't have made a dent in the market.

so sure, news is related. this is a market; anything that causes someone to buy or sell is related. i think the point the OP was trying to make was that people are always trying to rationalize price moves---"there must have been a reason, this latest news piece must be the reason." the truth is that markets are much more complex than that. the markets will move regardless of whether there is news. and bad news might help to trigger a crash, but the only reason that happens is because of a bearish market context where strong supply already exists.

the price of bitcoin and altcoins have always been affected by news, whether they are good or bad, do you remember when China banned the exchange? the price fell as soon as the news channels published the news, do you remember the days when the core and segwit2x fought? whenever there was news about their fight, it had an influence on the price. Do you remember when japan adopted bitcoin? the moment the news channels published the news the price increased a lot. Even now, when the SEC rejected the ETFs, the price fell.

News is very important and it can really affect the price of bitcoin because people are reacting on every news. For me, price is really related with the news if you are trader you should consider this as part of your trading tools. Its hard to people not believe on news simply because this market is open worldwide and we have our own strategies so technically news is still important. 

I absolutely not agree, news is one of the important element wgen people want to trade, when there is a good news people will tend to buy more, if there is bad news then people tend to sell more, if suddenly you heard one of the country banning bitcoin, automatically there will be a lot of people selling the coin, and you will know the price going to go down, news is really important for traders to make decision, and some news will related to price

No. "News" isn't what affects price. Its stupidity and that only. I have been trying to analyse the bitcoin market in terms of demand and supply, its shifts, its equilibrium, its interactions, elasticities of it,and I only end up getting more confused and stupider. Crypto market's volatility and its decentralization has got us into a fucked up place rather than helping us. Pumps and dumps decide the price, not the market demand and supply,because fuck economics right? Crypto-economics should an interesting thing to learn.

That's not how it should work, you fucktard. But people think that, and it makes me go bang my fucking head. You  should common sense,if you can. Otherwise, crypto isn't meant for you.

Its not easy to believe on every news, but we should not depend on any news alone.
Newbies are tend to be more dependent with the news since this is the only source they have in this market. I have to disagree with the OP since news really affect the price of bitcoin, maybe its a fake news or what but the price movement will be affected for sure.

i think it's just that the market is so opaque. we know nothing about the OTC market, major exchanges are faking volume, miners don't file any sorts of financial disclosures, there's little to no commitment of traders data---even bfxdata is gone now! and trying to analyze network statistics and quantifying that into supply/demand on the spot market seems impossible and futile.

this is why i stick to technical analysis. price action always reflects supply and demand. fundamentals are just impossible to quantify.

I do agree, the market has its momentum but I wont say the news doesnt matter at all.  Its like snowfall on a mountainside, its accumulation of factors not just news just sentiment and a buildup in order books for prices that favours a move in one direction or the other. 
What happens even in mainstream market is the price moves, markets make that speculative trade and prices closes.  Then news sites come up with an estimation to describe that story and of course people want to read words not a price and numbers equation to describe what happened.   The news is only a small part of the story.   Actual changes to a protocol is much bigger then all the other parts.   I would also say people do react to news but I think the course is already set by price and trends previous to that news, its more like an ignition like an avalanche releases that snowfall and we see the action and think it all helped in instant when it took weeks to form this movement really  :)

I know price is not related to news but it react to it.  The force of demands and supplies are what determines the price but in reality we have see how those force obey news and drive price towards unexpected position. However,  it will be good for all of us to understand that "price is not related to news"

That is it, it is not like news will not always be good and there would still be some news that would help inform one's decision making. However, when it comes to the mainstream media, I want to believe that news and journalist has been so much bastardized that they really do not care about the authenticity of their news before even dropping it.

Now, what we cannot say exactly if this news is related to the drop in prices or if there are whales involved in the equation to create a panic or FOMO as the case may be, but the best is just to believe in what you believe in and take the mainstream media news most of the time as pinch of salt.

Most times, I feel it does not really. The truth is that some whales may use it as an advantage to drive in people to the market, and instigate some kind of growth, but we have seen it times without number that it is just a way for them to keep making more money and it is certainly not because of the news as the market will still either tend to do its own thing anyway.

Probably, news like ETF approval might drive in money into the market, but I would not be surprised that even with it, we might not even see any serious change immediately.

Bad news are just there for those who want to take it as bad news, and that is even if the bad news ends up to be true or not, as we have ended up having shit loads of them not being true anyway. However, for the fact that we see a market drop pretty fast with bad news, does not mean that there is still no form of manipulation going on even with the FUD being generated via the media. It is a speculative world, things are bound to move in the market, and it is the bigger whales that apparently instigate it.

In my own opinion, price is related to the news because most of the new traders today are trading based on their own emotions which makes the prices to dump or pump depending on the situation.

You can says just like that but in fact if there was bad news appears then suddently people will starting to being panic and the bad effect too bitcoin price will automatically fall because dumped by many people and in my point of view the current situations is bad news will have huge influence for the price which makes the market fall but when good news appears it only have slighty effect for the price because people feeling to fear and uptrend usually happened temporary

I highly doubt that actual new money will flow in just because of an ETF approval.

The money that might initiate a pump is money that has been floating through this ecosystem for a longer while already. And then we also have capital shifts from coin to coin that keeps this market active. The only way for actual fresh capital to enter this market is to have another bull run attract more retailers, or that institutions go ham on a coin backed ETF.

Both a bull run and an ETF approval are events with next to no short term viability to them, and with the bear market lasting longer, we should be happy that the $6000 level has been supported firmly. It's more likely to see money exit this ecosystem rather than entering.

Well, the truth is that the news will always be there and whether we like it or not, the whales will always use it to instigate price movement, whether upward or downward and whether we still like it or not, traders and investors will react accordingly.

This market is purely speculative as everyone just wants to get rich and the truth is that it is not really being used for what it is as people's mentality keeps getting focused on the idea of asset and long term investment. For that reason, it makes it so easy for the whales to make the price dance to their tunes based on chart emotions.

Right. A lot of people think that an approval could start another rally to get us to where we were before 2017 ended but i don't thnk many of them really understood what it meant. It won't magically pump the price if ever it gets approved and it's good effects may very well be for the long term instead of pumping the price. It's the whales that'll determine it.

that will depend on what kind of news you are reading . if that news is fake or only created on the forum or on social media sites without giving any information about its source then theres a big posibility that news was fake and shouldnt be an indication of your predictions .

But let say you are browsing for news on the legit news sites related to crypto and blockchain , then you should believe them because their news will have a big impact on the price of cryptos .

Not all news will react and effect to the price of bitcoin in the market, there are some news in the mainstream that makes by the whales that probably the old holder will already know then they did not do panic selling that, then if they do probably the market will crash the price.
It really depends upon on what news will come up in the mainstream when weak people believed that news that's the reason why the market has begun to drop the price.

But, people are easily believe those hoaxes as long as it looks promising, they will use it as reference and believe it as a 'right' source and it may lead to something bad.
Also, hoaxes are common thing in the internet so it would take a part on price movement.

It is your opinion and i respected that. But so you know, it all depends on how serious the bad or good news are. It may definitely affect the bitcoin's price. Probably, when small news are rising and spreading, just like you stated and admitted that it does have something to do with the market and is affected a small percentage.