Are mainstream events linked to crypto's price movement on the market?

[kro55]

Crypto prices are highly fluctuating and they need some event to move up or go down. I don’t think crypto prices can remain independent of global events. What we need is stability in price of crypto, only that can take crypto into mainstream adoption.

[shiming]

Yes, currently, cryptocurrencies are indeed affected by external influences. As the cryptocurrency market becomes larger, I think that impact will diminish. By then, the price of the cryptocurrency market will suddenly change due to the sudden appearance of some people's language. This indicates that cryptocurrency indicates that the market is being manipulated. It has a great impact on newcomers. This is not suitable for the healthy development of the crypto market.

[duuuuude]

I don’t understand how cryptocurrency can be separate from everything, especially since its infrastructure is getting bigger every day. Obviously the flap of the butterfly's wing will affect crypto prices more and more.

[electronicash]

crypto is almost going mainstream too, we can not isolate crypto from other mainstream events specially if facebook is going to launch a currency using the same technology like blockchain. we're lucky to have those events affecting the price, its going to give you profit. we do hope for more adoption of crypto and technology advancements deserved to be on media and events.

[Latines]

Of course, everything is connected. For some, new problems, a new crisis, but for us, people who believe in cryptocurrency, this is a good opportunity to make money. The price rises so fast that the fastest growing in the history of bitcoin has been recorded. I am in shock, I did not expect such a turn, but of course I am happy.

[Xcode7]

Do you think current prices on the market for each cryptocurrency are largely attributed to events in the mainstream world? I've noticed that every time the stock market goes up, crypto goes down in price. The same thing happens vice versa. Even Facebook's Libra announcement, had a positive impact in crypto's price within the short term. I believe this shouldn't happen in the first place as crypto was meant to distance itself from the centralized world. Linking mainstream events to crypto, will result more harmful than good, in my own opinion. Crypto should be independent from whatever happens in the outside world. Once this is achieved, cryptocurrencies will be able to reach prices far beyond reach. At least, that's the way I see it. Maybe I'm wrong. But, if crypto is truly linked with events in the mainstream world, we could have an idea when it'll rise in price or when it'll fall.

What do you think?

This is all out of our control, I can not be absolutely sure that the price here is influenced by movements in the outside world, but it could be the slightest possibility of happening, even in our world like that. To be sure we all expect the best here, regardless of all that is here it is influenced by the outside world, for me it is not so long as the price does not cause huge losses for us. And sometimes crypto also likes to cast its magic unaffected by the outside world or anything that happens out there. I think everything is unpredictable and enough to enjoy while running it.

[isaac_clarke22]

If I heard the Libra announcement like a year before I learned about Bitcoin (assuming that it was announced during 2016), then I would never think of investing in cryptos at all even if they mentioned that.
It depends on some people that heard it. Maybe they'll be curious of it.
Consider also the effect of what the media will tell them in case the non-crypto people got curious of what cryptos are and also what the common reference like the Wikipedia will tell them.

[Swordsoffreedom]

Last year Chinese president statement on blockchain adoption took bitcoin to its ATH for the year 2019. Iran USA tension this year also started a bull run. Crypto price is directly linked with what’s happening around us. You can buy crypto when it’s down and wait for some global event that can trigger crypto price increase.

[disconnectme]

I don't think there are related at all, stock market movement is not related to crypto, though there may be some news that influence both prices and make them to react in a certain way, like the Iran attack could help BTC price and dump the stock prices, we have seen many news event like this affect their prices

[stephanirain]

Do you think current prices on the market for each cryptocurrency are largely attributed to events in the mainstream world? I've noticed that every time the stock market goes up, crypto goes down in price. The same thing happens vice versa. Even Facebook's Libra announcement, had a positive impact in crypto's price within the short term. I believe this shouldn't happen in the first place as crypto was meant to distance itself from the centralized world. Linking mainstream events to crypto, will result more harmful than good, in my own opinion. Crypto should be independent from whatever happens in the outside world. Once this is achieved, cryptocurrencies will be able to reach prices far beyond reach. At least, that's the way I see it. Maybe I'm wrong. But, if crypto is truly linked with events in the mainstream world, we could have an idea when it'll rise in price or when it'll fall.

What do you think?

Not exactly the stock market itself but something can affect the prices of some cryptocurrencies. Last December 2019, we have observed the decrease in the prices because many have sold their crypto for fiat. This has been linked to the holiday season as we people tend to be more expensive so they sold their crypto.

[CjMapope]

Do you think current prices on the market for each cryptocurrency are largely attributed to events in the mainstream world? I've noticed that every time the stock market goes up, crypto goes down in price. The same thing happens vice versa. Even Facebook's Libra announcement, had a positive impact in crypto's price within the short term. I believe this shouldn't happen in the first place as crypto was meant to distance itself from the centralized world. Linking mainstream events to crypto, will result more harmful than good, in my own opinion. Crypto should be independent from whatever happens in the outside world. Once this is achieved, cryptocurrencies will be able to reach prices far beyond reach. At least, that's the way I see it. Maybe I'm wrong. But, if crypto is truly linked with events in the mainstream world, we could have an idea when it'll rise in price or when it'll fall.

What do you think?

i think, its really hard to find correlation in those things, as theres just too many variables : /   we live in a complicated world, and crypto markets are complicated themselves
Theres so much going on all the time that its the "broken clock theory". It must match up once or twice here and there, just by chance, theres too many lottery ticket variables constantly
NOW: thats not to say it NEVER does. things like Mastercard doing crypto or the libra thing, could definitely have direct impact on coins prices i believe, as cryptotrading IS a mostly speculative market
So if people lose/gain faith in a coin, it can cause surges easily. It prob best to just try accept what happens day by day, instead of looking for patterns in it (tho that IS a natural human thing tooso dont feel bad)

[Bossfidelity]

It's actually impossible for cryptocurrency to be independent of the mainstream market. The individuals and projects who make up the cryptocurrency industry are also involved in the mainstream markets and that makes the both industry interwoven.

[Janus101]

I have been noticing that Bitcoin's price has a history of appreciating over time as a result of minor events that are connected to major events (semi-major events). But the most visible event which seems to occur is massive price volatility that often occurs within a day or two. So yes, mainstream event makes Bitcoin's price volatile.

[setialovers]

Do you think current prices on the market for each cryptocurrency are largely attributed to events in the mainstream world? I've noticed that every time the stock market goes up, crypto goes down in price. The same thing happens vice versa. Even Facebook's Libra announcement, had a positive impact in crypto's price within the short term. I believe this shouldn't happen in the first place as crypto was meant to distance itself from the centralized world. Linking mainstream events to crypto, will result more harmful than good, in my own opinion. Crypto should be independent from whatever happens in the outside world. Once this is achieved, cryptocurrencies will be able to reach prices far beyond reach. At least, that's the way I see it. Maybe I'm wrong. But, if crypto is truly linked with events in the mainstream world, we could have an idea when it'll rise in price or when it'll fall.

What do you think?

I think what's happening in the world has an effect on the price of Bitcoin, as a recent example is the Iranian crisis which is making Bitcoin prices rise near $ 9,000. With this influence, it indicates that Bitcoin is already considered a mainstream investment and I think this is a good development for the cryptocurrency market.

[TheClownSong]

It's actually impossible for cryptocurrency to be independent of the mainstream market. The individuals and projects who make up the cryptocurrency industry are also involved in the mainstream markets and that makes the both industry interwoven.

The cryptocurrency market, in particular Bitcoin is already known by many people not only by large investors. With the increasingly mainstream cryptocurrency market, prospective investors are increasingly convinced that cryptocurrency is not a scam as they have always heard and I think this is an opportunity because cryptocurrency has the opportunity to grow even greater

[oktana]

impossible to be independent, because investors always look at conversion prices.

as well as fundamental factors, bitcoin is also closely related as an alternative asset even though not everyone is aware of it. but behind that crypto still has its own agenda, especially bitcoin, so speculation will remain complex with several different points separate from the mainstream event.

[FanEagle]

Also shouldn't it depend on the mainstream event? I mean lets say today is my birthday, that is an "event" but 99.999999% of the world doesn't know about it, so would that change the price of bitcoin? I guess not. Iran vs USA war? Would that change bitcoins price?

Maybe, depends on how long it takes and how serious it gets. There is absolutely no way we can collect data big enough to show what actually changes the price of bitcoin and what doesn't, there is no way something like that can be calculated in general, so we just "assume" some mainstream stuff do affect it and some doesn't.

In this example, we know Iran war could change it, and my birthday won't, now those are big marginal obvious examples, lower the Iran war and increase birthday and you got yourself a sweet spot where its just in the cusp of changing or not changing, that level is still unknown.

[radjie]

crypto should not be influenced by the outside world because the stock market is experiencing an increase and crypto is always in conflict with things like that. even today many people assume there is a change in market prices due to the Iran war which is always associated with major events taking place in the world

[JCviggen]

The cryptocurrency market is connected with people, and people are connected with news that occurs in a centralized world and depending on what is happening in the world, people choose an investment strategy and therefore the cryptocurrency market will always depend on news that occurs in a centralized world until the world will become decentralized

[Abiky]

I don't think so, All of the payment gateways for ordinary people to create txs to the crypto pegged to the centralized system. Dex, atomic swap or something else will not be a solution. In another case, just imagine what will be happening when the government will be creating an order to block all of the gateways to the crypto and then, people have no choice to do people2people transaction only. The fact that we can't even leave from the centralized entities because it's the main thing for crypto to get more and more demands.

Exactly. The mere fact that crypto has centralized exchanges, links mainstream events to it. Satoshi intended Bitcoin to be decentralized and free from middleman. But all I see is that crypto is becoming more dependent on a third party than anything else. In effect, any mainstream event (either good or bad) has a direct impact on its price. Of course, we already have decentralized solutions for the exchange from one crypto to another without counterparty risk. But, centralization still dominates the crypto space which could turn out to be bad for the longevity of the crypto industry over time.

Since people are mostly into crypto for the money instead of its technology, we see how little events on the mainstream world have a huge impact over a coin's price across the market. Sadly, this has been the way of crypto for a couple of years since inception. There's nothing we can do in our part, since people don't want to use decentralized services for their own benefit. We just have to live with what we have now, and do our best to prevent crypto from becoming too tied to the mainstream world. It's hoped that new developments in the crypto space, would bring positive news that could gather a large number of people into it. This would result in higher demand, which leads to higher prices across the market.

Nonetheless, the recent events of the Iran-American war has brought a slight increase in crypto prices. This means that if there's conflict in the real world, prices of crypto will rise to the moon as people consider them to be a safe haven against traditional Fiat. In the same way, the decline in stock's price allows crypto to increase in price across the market. Which leads me to believe that crypto prices are linked to mainstream events one way or another. Just my thoughts