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Author Topic: when will you learn price is not related to news  (Read 263 times)
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September 09, 2018, 07:58:03 PM
 #1

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. Kiss

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September 09, 2018, 11:18:58 PM
 #2

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.

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September 09, 2018, 11:19:36 PM
 #3

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.

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September 09, 2018, 11:35:19 PM
 #4

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).


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September 10, 2018, 01:17:24 AM
 #5

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.

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September 10, 2018, 03:28:59 AM
 #6

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.

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September 10, 2018, 03:58:00 AM
 #7

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.

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September 10, 2018, 06:07:04 AM
 #8

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!
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September 10, 2018, 06:34:44 AM
 #9

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.

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September 10, 2018, 07:09:06 AM
 #10

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.



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September 10, 2018, 07:52:49 AM
 #11

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. Kiss

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.

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September 10, 2018, 08:54:18 AM
 #12

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.

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September 10, 2018, 09:15:42 AM
 #13

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. Kiss

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


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September 11, 2018, 08:49:20 PM
 #14

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. Kiss

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.

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September 11, 2018, 10:54:27 PM
 #15

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.

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September 12, 2018, 08:51:44 AM
 #16

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. Kiss

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.

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September 12, 2018, 09:26:36 AM
 #17

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.

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.

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September 12, 2018, 11:22:42 AM
 #18

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.

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.

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September 12, 2018, 11:45:27 AM
 #19

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 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.

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September 12, 2018, 01:01:42 PM
 #20

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. Kiss
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.
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