1Referee
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May 26, 2018, 02:55:36 PM |
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It is just that some people are stupid and cowards. They believe everything they hear. If the media spreads rumors about Bitcoin falling down and it is going to get to an end, they will believe it and sell their Bitcoins.
It's not that people always start dumping after bad news pops up. People start dumping after whales initiating a dump, which then triggers noobs thinking it is indeed bad news and that the price is going down because of that. If whales don't do the dumping first, bad news mostly won't have that much impact at all. It's called the manipulation game where they mess with people mentally. The short term market is completely rigged. If whales want it to go up over $8000 right now, they can make it happen and have it stay there as long as they want it to stay there. Everyone will be looking for reasons why the price has gone up, and will come up with institutional capital that entered the market, or that it is good news from regulators, while it's just the whale squad doing it. The smartest kiddies will learn from their mistakes and adapt to how brutal this short term market is, and completely ignore it if they are just long term holding.
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availcrypto
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May 27, 2018, 05:30:03 AM |
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It is true for them who done trade without proper knowledge. But not true if a trade is done by doing technical analysis.
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supercanada1
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May 27, 2018, 06:26:15 AM |
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A study by finance professor Daniele Bianchi says that the prices of cryptocurrencies are influenced by the mood, hype and emotions of investors mostly rather than economic factors. It really sounds horrible. But I think it is partially true. Because if you see the number of people engagement with bitcoin, you will see that a large number of people came to this market after the vibe of BTC rising. And they entered here without gathering proper knowledge.
What do you think about this? What would be its effect???
The mind of this expert is very correct and explains the decision of an investor. Investor should learn how to make decisions? The major issue will solve by these type of analyses and news as the right decision is to hold your emotions and mode that will lead you to a reliable market and you will sell out in a high market that is favorable and profitable but if you do not have any con troll on your emotions then in a market where value is very low for a long time will make you panic selling. These are the consequences if you have hold of your emotions and mode.
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Vinalians
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May 27, 2018, 01:08:50 PM |
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Maybe for some people but for me it is a no because I am investing in bitcoin not just I like it and my mood is good at that time I invested in bitcoin because I knew that there is a big potential on it and in the future it will changes our world. Think of it. It is the future.
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Hatat
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May 27, 2018, 03:12:36 PM |
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Maybe for some people but for me it is a no because I am investing in bitcoin not just I like it and my mood is good at that time I invested in bitcoin because I knew that there is a big potential on it and in the future it will changes our world. Think of it. It is the future.
The bitcoin is a peer to peer electronic cash system. So many people will use it. It will be used more and more.
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Tungsten-1
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May 27, 2018, 03:41:33 PM |
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A study by finance professor Daniele Bianchi says that the prices of cryptocurrencies are influenced by the mood, hype and emotions of investors mostly rather than economic factors. It really sounds horrible. But I think it is partially true. Because if you see the number of people engagement with bitcoin, you will see that a large number of people came to this market after the vibe of BTC rising. And they entered here without gathering proper knowledge.
What do you think about this? What would be its effect???
I agree totally because consider a scenario when a person has 2 Bitcoin and 3 ETH and the market suddenly crashes. Now the thing he has to do is to keep calm and hold his coins but some people just do not and sell in panic. This fall in the demand for the coins actually contributes to the red market and this is the reason panic selling results in loss and also in the disequilibrium.
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miyaka26
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May 27, 2018, 03:47:46 PM |
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Half right but he totally nailed it in some part that it is moved by emotion and moods, but overall you can look that it is all about the investors, holders, and traders, in short, the people behind the bitcoin community, it is moved by the emotions of the weak handed and newbie that wants a short time gains and rich without learning anything from this market.
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rat03gopoh
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May 27, 2018, 03:50:17 PM |
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Yeah maybe, bitcoin prices are largely influenced by private investors. But still as if still controlled by the situation or external factors such as bad news and the volume of circulation in the market.
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buwaytress
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Join the world-leading crypto sportsbook NOW!
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May 27, 2018, 03:56:56 PM |
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Nothing really new nor surprising, though it might be useful to learn that the last Nobel Prize for Economics was awarded to a guy who proved that markets moved in directions that people failed to predict simply because every economic model and theory is based on logic.
And we, people, simply cannot help but be illogical. This isn't new in traditional markets and it's certainly no different in Bitcoin markets far from maturity.
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Marlo Stanfield
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May 27, 2018, 04:02:56 PM |
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A study by finance professor Daniele Bianchi says that the prices of cryptocurrencies are influenced by the mood, hype and emotions of investors mostly rather than economic factors. It really sounds horrible. But I think it is partially true. Because if you see the number of people engagement with bitcoin, you will see that a large number of people came to this market after the vibe of BTC rising. And they entered here without gathering proper knowledge.
What do you think about this? What would be its effect???
I think that's pretty much almost certainly true. And it would be hard to argue otherwise because actually fully understanding where exactly Bitcoin and possibly other crypto actually fits in to the global economy in the long run is virtually impossible to really be confident about. Most people jump on the hype train, some try to do some actual analysis, but there are so many conditional factors like how it plays out politically and legally, that it's really difficult to just approach it from a quantitative perspective.
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jasonhart
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May 27, 2018, 07:49:13 PM |
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I don’t agree with you. I think people invest in Bitcoin for its potential. BTC Bitcoin has a very good potential to invest and that attracts the investors.
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timerland
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May 27, 2018, 09:27:29 PM |
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A study by finance professor Daniele Bianchi says that the prices of cryptocurrencies are influenced by the mood, hype and emotions of investors mostly rather than economic factors. It really sounds horrible. But I think it is partially true. Because if you see the number of people engagement with bitcoin, you will see that a large number of people came to this market after the vibe of BTC rising. And they entered here without gathering proper knowledge.
What do you think about this? What would be its effect???
It's been known pretty much since day 1 of bitcoin speculation becoming a thing - bitcoin's pricing can be strongly influenced by mood of the market, or market sentiment. Even though it may be clear that bitcoin is entering a buy zone, people may still panic sell under the circumstances and drive prices even lower before bottoming out. The effect isn't much, in my opinion. Only effect I could think of is that it's a reason why bitcoin is currently so volatile. People not yet are adopting it as a unit of account in trade, but more of an investment, which leads to increased volatility due to the psychological nature of trading. It's not really that big of a deal. It's not something horrible. It's the case with any asset class that is being traded, not just bitcoin.
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laluna24
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May 27, 2018, 10:34:00 PM |
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Yeah maybe, bitcoin prices are largely influenced by private investors. But still as if still controlled by the situation or external factors such as bad news and the volume of circulation in the market.
Bitcoin prices movements partly affects the moods and emotions of an investors. Yes it influences hows a person attack the market. Also as others said never be emotional during trades as this is really affects the market.
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SixOfFive
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June 25, 2018, 03:17:06 PM |
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I agree with your thoughts on this. Emotions are one of the most important factors that affect decision making. But emotions should not get over us. A good investor should be able to control his emotions for earning profits in the long run, as there are many ups and downs in the value of cryptocurrency. So what one can do is avoid checking the prices again and again, especially when the market is low.
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vickybitcoin
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June 25, 2018, 04:00:17 PM |
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A study by finance professor Daniele Bianchi says that the prices of cryptocurrencies are influenced by the mood, hype and emotions of investors mostly rather than economic factors. It really sounds horrible. But I think it is partially true. Because if you see the number of people engagement with bitcoin, you will see that a large number of people came to this market after the vibe of BTC rising. And they entered here without gathering proper knowledge.
What do you think about this? What would be its effect???
This is why i think that the negative comments nd posts of other people posses a great threat to the down and up movement of any cryptocurrency because the morw people say positive comments about a certain platform the more people are incline to join and invest nd the more people say negative thing because of the down trend the more the price will fall. so we must uplift bitcoin and spread positive word.
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mriansa
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June 25, 2018, 04:18:47 PM |
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it seems that it does not change the bitcoin price it depends on the conditions and situations that exist in some media that provide requests and news about bitcoin when bitcoin there is good news then the price will move quickly and crowded.
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alex M
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June 25, 2018, 05:05:14 PM |
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Maybe for some people but for me it is a no because I am investing in bitcoin not just I like it and my mood is good at that time I invested in bitcoin because I knew that there is a big potential on it and in the future it will changes our world. Think of it. It is the future.
Yes, I am more convinced that it's a no. But we have different perspective in making our own insights regarding this idea. Maybe some other people believe that phenomenon. But for me, price movement depends on the demands and supply which are changing every now and then.
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jadenunderhill
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June 25, 2018, 05:26:49 PM |
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And that is why so cooled bitcain is worthlesss. Tjen you will see 2K, you will get it) HODL))))
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Denker
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June 25, 2018, 07:52:51 PM |
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I agree with your thoughts on this. Emotions are one of the most important factors that affect decision making. But emotions should not get over us. A good investor should be able to control his emotions for earning profits in the long run, as there are many ups and downs in the value of cryptocurrency. So what one can do is avoid checking the prices again and again, especially when the market is low.
Yes handling their emotions is the biggest issue many traders or retail investors have, especially at the beginning. You can have read several books, know all the theory, but if can not be cool when it is needed you will very likely screw up your trade or investment. That's the main reason why so many sell at the bottom or buy the top. Often you have to do the exact opposite of what the majority is doing or thinking. Buy when the majority of market participants is crying and sell when this majority is thinking about to get their first Lambos.
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gabmen
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June 26, 2018, 02:25:05 PM |
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Maybe for some people but for me it is a no because I am investing in bitcoin not just I like it and my mood is good at that time I invested in bitcoin because I knew that there is a big potential on it and in the future it will changes our world. Think of it. It is the future.
Yes, I am more convinced that it's a no. But we have different perspective in making our own insights regarding this idea. Maybe some other people believe that phenomenon. But for me, price movement depends on the demands and supply which are changing every now and then. Well if the market is like this, where there are really no significant fud or a reason for fomo, then yeah i don't think the movement is influenced much by the people. For sure the december pump last year though was caused by fomo and hype and what happened after that was fud and panic.
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