Can human stupidity affect the movement of the market?

[domnablo]

Some decisions like selling in panic will bring the prices further down. So it can affect the movement of market.

[CaptainKid]

Hello, community. Political, economic and social news in the media significantly affect the life and behavior of the crowd. How can crypto news affect the movement of the market?

How do the news affect the currency market? Very simply: positive news, positively influence the market (prices go up), negative news, badly affect the market (prices are falling). We need to know all the news, but do not react to them.

[beej]

I surmise at this current point in time with the power and influence of social media platforms,
any form of misconduct, thoughtless comments and widespread of fake news and information
does have a lasting and immediate impact. In crypto negative news does tend to influence
people's view and choices, affecting decision making and averting a lot of stuff as it flows.

[developer101dev]

The stupidity of the human can really affect the movement of the market because it is their emotion and the emotion really affects the demand where demand affects the overall movement of the market whether it is going up or going down because it all depends on the emotion and how they think for the possible future of the market.

There are people that has been affected by cryptocurrency in a negative way and some of them are spreading wrong humors like cryptocurrency is a scam or ponzi and that is the reason why the market prices sometimes is dumping.

[roccobull]

Providing false Information or news about the Market has a great Impact on its movement. These people are trying to manipulate everything by discouraging everyone. and I'm sure they won't stop until they what they want. that's why we can hear a lot of negative news about the market. But, I also believe that there are a lot more believers that won't be affected by these news.

Not being affected by all then news and doing your own due diligence is a key aspect in the trading game! Gotta make all your decisions based on your own analysis of each company.

[Best Dreams]

Hello, community. Political, economic and social news in the media significantly affect the life and behavior of the crowd. How can crypto news affect the movement of the market?

Yes! Actually it hardly affects the market, people hardly easily affects it in a negative manner.

Well the effect of human on crypto currency can be positive and negative at the same time, some time price rises because of long term holding activity and some time it gets down for selling at panic so people use to effect the price and the value of bitcoin in both the positive and negative manners, so I suggest people not to panic but try to buy and hold as much as possible so the price will keep on rising only.

[BigDig]

Since ancient times, human stupidity has affected all aspects of life. Unfortunately the crypto market e has become an exception. Now the herd screams about collapse, fall and other horrors. Time passes, the tendency in the market to change and the same people will scream "to the moon" or something else there.

[Morgann]

Hello, community. Political, economic and social news in the media significantly affect the life and behavior of the crowd. How can crypto news affect the movement of the market?

I believe that not every company are being affected by cryptocurrency in a positive way just like banks and i think that there are companies who are using the media's in order to create black propaganda's that will decrease the number of investors of cryptocurrency.

[badungs]

yes, I think human folly can also affect the movement of the market. negative or positive news will greatly affect the market movement. Negative news about crypto can lower the price of cryptocurrency. so also positive news will make market prices improve. with negative news, not a few people panicked and sold theirs. FUD is so powerful that it can change the market landscape in just a matter of days. but I think it's not just news that affects market price movements. the number of demand and supply also greatly affect the market situation in my opinion.

[BlackBeauty]

yes, I think human folly can also affect the movement of the market. negative or positive news will greatly affect the market movement. Negative news about crypto can lower the price of cryptocurrency. so also positive news will make market prices improve. with negative news, not a few people panicked and sold theirs. FUD is so powerful that it can change the market landscape in just a matter of days. but I think it's not just news that affects market price movements. the number of demand and supply also greatly affect the market situation in my opinion.

But in my opinion news is very affective in this currency and it can change its price because that's why many people are better know about its value and those people who aren't know about bitcoin so they also know and that is why they will invest their most of money in bitcoin and bitcoin price will also superb high.

[CryptoKyddie]

Sure there are elements of stupidity in the markets. Especially knee jerk reactions to things like FUD and fake news. Additionally, we have big whales and banks manipulating the markets for sure, its how they make their money right. I can imagine many of the big banks are behind lots of this fake news and FUD. Of course the little investor is scared when they see dumping, the whales and banks feed off this mentality.

[Nakedbitcoin]

Hello, community. Political, economic and social news in the media significantly affect the life and behavior of the crowd. How can crypto news affect the movement of the market?

The social media is the number one source of human stupidity that can affect the movement of the price of crypto in the market. They want to kill crypto that's why they make a fake news in crypto and spreading it. So that many people will be afraid to invest their money in cryptocurrency.

[jojowar]

Social media has a great influence in humanity when it comes to economy and also in their decision making. If social media shows misinformation or fake news about cryptocurrency some of the potential investors who read those fake news will be afraid to invest in cryptocurrency.

[Janation]

Since ancient times, human stupidity has affected all aspects of life. Unfortunately the crypto market e has become an exception. Now the herd screams about collapse, fall and other horrors. Time passes, the tendency in the market to change and the same people will scream "to the moon" or something else there.

The crypto market is not an exception to that. Human stupidity is universal, it will affect anyone and anywhere it is applied and the crypto market and it's movement is not an exception to that. There is a proof here, in the past a lot of people bought Bitcoin and most of them became millionaires, some of them did not. And some of them, deleted their wallet.dat file losing all of their Bitcoin. There are some even that sent their Bitcoin to a wrong address that is not even generated. So what is the effect of that? Less supply, high demand.

As Satoshi Nakamoto says it, "Lost coins only make everyone else's coins worth slightly more.  Think of it as a donation to everyone.". Link

[qwertyup23]

Hello, community. Political, economic and social news in the media significantly affect the life and behavior of the crowd. How can crypto news affect the movement of the market?

One thing you have to consider is that media shapes what the view of the country is. With the control and manipulation of media, individuals in the society can believe lies and fake news circulating in the country. With regards to cryptocurrency, media has played an integral function with its popularity and reputation. When bitcoin began its operation, people were skeptical about its system and few investors tried their luck with it. The price of bitcoin skyrocketed from ~$1 to $6,4000 with the help of media and some other factors as well.

Controlling media can be destructive not only with cryptocurrency but also to some other aspects as well. Government intervention or political motives can also affect its price depending upon the damage it caused in the market. If a country prohibits the utilization of bitcoin, it may affect the price of it on the market due to losing investors and affecting new ones that enter to it as well.

[ClayDouglas]

No. It's not so much "human stupidity" but like big player influences. For example the head of some bank fudding Bitcoin, saying if he caught any of his employees buying Bitcoin he would fire them because of their stupidity, meanwhile he was secretly buying them.

[andrino]

Media can literally affect the decision making of the people for there are some instances that people relies everything to media such as the news about bitcoin and altcoins that almost negative ideas. People will immediately decide not to engage to cryptocurrency. They concluded without confirmation of what the truth is all about.

[WHTP]

It's all very tricky when people lack knowledge, or are brand new to something. They quite don't understand all the subtleties. That goes for even really smart people, if they don't have experience they will make mistake, sell when they should hold, etc. It's not necessarily stupidity, just lack of knowledge.

[Dudeperfect]

Yes, I won't call it a stupidity but the lack of awareness, knowledge and experience in dealing with the tough situation. As a Crypto user, we have already experienced such behaviour in the last quarter of last year and first quarter of this year when most of the traders and investors responded to the situation as per the expectations of big whales and institutional investors. It is something that we can call fear of missing out the opportunity that affects our decision-making ability and indirectly the market.

[Incodium Coin]

Human stupidity seems a little strong, but l do agree that the news cycle has important effects on the market. Good news from a congressional hearing, a series on how cryptocurrency trade funds an important project, benefits communities and individuals will certainly push the market up. On the other hand, hacking of exchanges and speculation on more regulations has a negative impact on the market.