Do you really think news can change the Crypto Market Sentiment very easily?

[shinratensei_]

It is not normal to have sentiment in crypto market and any reason for sentiment will be a reason for news and hearing from different perspective information reaches the miners and traders from which they know the mind of crypto users.
However, the news will have an influence on crypto market traders are there because miners , coin users and hunters are here.

The answer should be maybe yes or maybe no. As far as i know crypto market is really sensitive to any news. This doesn't mean anynews will bring a huge impact on the crypto market. The news that comes from the important party will totally bring a huge impact to the crypto.
Bad news from a trusted party means bad sentiment for sure caused by it can affect the trust of the users of crypto itself.

[fortunecrypto]

People  reacts to news good or bad because it has an impact on how they are going to live, like what is happening right now we are in a pandemic and this has drastically change our sentiments in the market and in the world in general, once we have a news of vaccine, the investors sentiment will change and will be in a hurry to get back investing in the market.

[ViralNation]

The last coin to 6000x recently twas Creditcoin. The secret to finding these types of moonshots i've found is actually to find press releases and news especially about investments into projects by prominent names.
For exmaple i found out about creditcoin because of a press release of how y combinator and coinbase had invested into the projcet.


these are basically breadcrumbs to find new projects

[Mpamaegbu]

The news, whether good or bad sets price race and moves it to meet with Technical Analysis (TA). Of course, it's the news of any sell off or transfer of Bitcoin by whales that crashes price. We see this often to doubt the overbearing influence of news on Bitcoin and by extension, the crypto industry.

[wozzek23]

News are always the market movers. No doubts.

Because, most of the traders are listening to news to finalize the directions of their trades. Moreover, alcoins are less sensitive to every news whereas almost all the cryptos are just depending on bitcoins' market directions but bitcoin is sensitive to world economy impacting news. This means altcoins are indirectly depending on news still.

Stocks, forex and commodity are purely depending on their related news. Stocks are being traded as per government and concerning sector news and more importantly based on the policies of that company. Forex and commodity are getting impacted by supply and demand along with government policies. But, compared to all of these, altcoins are depending on news in less levels only.

[Denreal]

Genuine news is one of the strongest points of gaining and winning the attention of people in general. When it comes to cryptocurrency, over time, it has been discovered that it has a strong influence whether positively or negatively.
People use the news to drive the market down and it can e used to bring it up.
Similarly, the news is a powerful tool that can be used to achieve crypto and blockchain technology adoption.

[FanEagle]

It is an indirect affect and not a direct one but it definitely does affect it. Think about it, a news by itself when nobody reads it can't really affect anything, nobody read it so nobody knows about it, so it is irrelevant to market as you might expect, however when a news gets big and there is a viral situation going on, everybody hears about it and the first ones make their moves so the later ones who reads it and sees the movement will join thinking that is what they should do and it creates a snowball affect where everyone reacts the same way.

If you read a news even if its a good one but the price falls, you think that is the reason and you start selling too (well you shouldn't but some people do). That is why news do make people move their money to market movements.

[ViralNation]

Heres a perfect example

look at this article
https://techpoint.africa/2020/04/03/millions-of-west-africans-can-now-access-affordable-health-insurance-thanks-to-aella-and-hygeia/


This is all done using BLOCKCHAIn technology and the underpinning coin Creditcoin is powering health insurance for 200 million poeple in Nigeria


Yet the price still hasn't pumped too much

i think its because its only on okex and bittrex right now but because coinbase invested into the coin hopefully soon it;ll be available for US residents to buy and trade

[Kezacky]

generally positive news about cryptoqurrency can affect the price of bitcoin or the market situation for the better. on the other hand when the market is really improving it can also have a positive impact on the adoption of crypto or new investors, we all hope this happens as soon as possible.

[royalfestus]

Bitcoin is protecting the price at the moment, staying above $5000 as the price resistance in the pandemic. The only challenge will be after halving and nothing looks attractive to the coin but if the price can stay above $5000 all thtough the crisis and post halving, a level of sentiment would have been achieved.
The stimulus package from most developed countries will be a positive add up to the space. After the quick inflation from the printed money then we expect a quick deflation as well where the bull market picks up and progresses. The space will need this 3-5 important months to know where we head.

[aemma]

News is a very strong element in many platforms and the crypto market is not different. With the right news or good news, the market will change in a minute and everywhere will be green, on the other hand, with the bad news, the market will turn down and every coin will bleed. Therefore, yes, crypto market sentiment depends hugely on news which is majorly the reason many people always search for good news in order to change strategy on most coins.

[ethereumhunter]

I would say maybe yes, and maybe no. Because if one person can handle his emotion after he read some news, he will not panic or want to make something at the market, and he will have a chance to calm himself down first and search for more news to find the truth. The news can easily give an impact on the market when people cannot learn or search for more and only depend on that news so they will be panic. But if you can calm down, and you can see that there is nothing to worry about the market.

[escalante28]

The crypto market isn't falling apart, but in just a glimpse of a second, it will change because of the news spread it. The news can be good, positive or works the other way such as violent, depressing and emotionally-charged. So make sure that the news you are following is verified Avoid to be mislead by the fudders also. According to the study, exposure to negative and violent news may have serious and long-lasting psychological effects.

[Eagervirtual]

News is very important in crypto, but definitely not a bad one. The weight of a news and the impact also depends on two factors, one is the source and the other is the authenticity of the news. A well known influencer is one thing people look out for in news and coming from such person, people tend to rely more on such news. You can bet me that crypto will skyrocket if there's a single news from Trump today concerning crypto. I think the last one where Trump condemned crypto, there was a little spike in prices.

[chainese]

News has always been one of the most important points for crypto pricing. One news can up or dump any coin and make the market crazy. Cause it's all about supply and demand that are dependent on what happens in markets, countries, governemnts, etc.

[leyton11]

Yes. The right nws will set the prices ablaze and the wrong news will shrink the prices of tokens. News is everything in business cryptocurrency is not left out. If today sec rules in favour of Bitcoin, Bitcoin can do a 100%/50% from here within few hrs. News is everything in life.

Yes, but it is a double-edged sword. What do you think is the manipulator's plan? The news does not come easily to us, it has been spread through many money-rich people. Then they bought all the coins at good prices and then just waited for us to fomo and sell it. That is also why many shitcoins in top exchanges always have long beards and make a lot of traders lose. so be alert before trading on news. Make sure you know the news early or never join it. This is a very risky way to trade.

[cytpoway121]

It is said that in crypto currency, trading involves emotions, and market trends depends on the emotions of both the seller and the buyer (because they make up a cryptocurrency market).

In that sense, i will concur that news thus affect market sentiment, some news will push sellers to sell, while the same news pushes buyers to buy the dumps.
Thats why its about the amount of information you have at hand, and your emotions.

Fud or fomo are part of emotions while trading, stay clear of it.

[minairia3]

News has always been one of the most important points for crypto pricing. One news can up or dump any coin and make the market crazy. Cause it's all about supply and demand that are dependent on what happens in markets, countries, governemnts, etc.

I agree that fundamentals are also a factor of coim drop and rise but we should not always depend on it. We should also look on the other side of crypto which is the trading. Lets make it a double reference and not only rely on some news that are created to fud and shill the market.

When the news about covid has been seen, we experience a huge down fall right? But its due to the reason of supplies and people needed shelter for their needs. However does this news make it really go down? How about those manipulatimg the trading on exchange? We should also consider that in my opinion.

[danherbias07]

When the news about covid has been seen, we experience a huge down fall right? But its due to the reason of supplies and people needed shelter for their needs. However does this news make it really go down? How about those manipulatimg the trading on exchange? We should also consider that in my opinion.

Yes, we do.

I do look at the news too mostly in social media.
Facebook and Twitter. But we cannot rely on it always to make a sudden movement in the prices.
Let's have some facts and make ICO listings as an example.
Whenever they are listed in a popular exchange (i.e. Binance) what happens afterwards?
People in telegram are screaming to be listed there but yet afterwards it goes sinking.

Yeah, trading should also be considered.

[ViralNation]

Not true at all. News can affect crypto market sentiment very easily. for example Creditcoin recently had a bunch of big news articles due to their coinbase and y combinator investment and the price increases almost 6000% so it definately does have some sort of effect.