With the recent news that supposedly could have affect the fall of Bitcoin and probably crashes to lower support but instead the price remain in the upward momentum. Bitfinex with Tether issue and just of recent the biggest hacked than happened to Binance Exchange with the hack of over 7000BTC worth over 40 Million USD, despite all these negativity, the Bitcoin price keeps moving Northward.
Is it too early to assume that we are now getting matured in the crypto space and negative news will have less impact as compared to that of 2017 to early 2018? During that period, the price will move downward, sometimes with 10% within an hour.
I think the news is just that, news, the impact that is seen in the market will not be something significant, I say from a point as a market speculator, if there is no fundamental news, do not panic.
The problem of Bitfinex with Tether, the problem of Binance with its theft, is just theirs, the market does not move just for that, the market is handled by many people, by Market Makers, Strong Hands or the calls Whales, if you have in account that the market always movements are often not treated by having more features or the best technology, you can understand that moves by the Law of Supply-Demand, and that is demonstrable since the 1800s when they operated speculators of the size by Jesse Livermore and Richard Wyckoff.
The news can be strategies of the Market Makers themselves, and they can be negative so that they look for the way to cause panic, and make the weak hands release their bitcoin and altcoins as soon as possible, thinking that they will go down a lot of price, and thus manage to accumulate much more, knowing that we are in a phase of accumulation.
You just have to know how to be patient, wait for the important movements of the market, no matter what happens to those areas, you just have to study the market from a different perspective to how average people normally see it.
