My cryptocurrency experience

[boyptc]

You're still quite new and you're right with your observation. But I think you also have to experience those big positive news but did nothing to the market.

There were a lot of in 2018 and yet the market got through a bear run by that time.

[Rengga Jati]

One of the most influencing reasons why crypto will crash or rise up is the news that is spreading.
There are so many FUDs that we can find and these cause dropped prices. Why? because it will influence many people to worry because of the FUD, lead people to panic sell and then the market can drop so easily on several hours only.

And so does the good news. Many newcomers will be in and many also other people will be a blessing and happy to know that the crypto market rises up so significnalty. And this makes many people earn profits hihgly. But, many newcomers are also trapped in this situation, when they come and buy coins at the top price.

Whereas, in every rise, there will be also market correction. And not all people are ready with the market correction.

[cryptoaddictchie]

My conclusion therefore is to take note of these factors as they have shown to be indicators of direction of where price may move to.

Fundamental analysis and news can be a good source of Hype and price direction. Sometime it's influence the price that fast and we can see it once there is a news of someone influencer or big people invest on this, the price of the token and coin will skyrocket. Yes most of them are like that. Traders and investors easily fomo with the hype and sometime it gives a good profit.

[palle11]

This is what I notice in the little time I have been here.

Apart from few months after halving, I have noticed that news is one important factor that will increase or decrease the price of bitcoin. And when price affect bitcoin, it gradually affects altcoins and you see red all the places. For example, when the recent deep happened, all altcoins also went down.

I realize also that at every bull or bear, the market is waiting for a news to change the direction. Like such news from Elon musk is capable to do that and now I realize the power of such influence on the market. The fud gradually caused huge dump because it created panic, though price is recovering as bitcoin is appreciating.

Also that anytime that there is adoption news by influencial personality or institution, price increase because it means more investors would leverage on that. I remember this when PayPal announced the use of 4 cryptocurrency including bitcoin, it gave an increase in price and that pushed for the current ATH.

My conclusion therefore is to take note of these factors as they have shown to be indicators of direction of where price may move to.

First, I'm surprised that you still call yourself new with an activity of 1300+. In principle, you are an old hand

Lol can you point me to where I called myself new in the post you quoted  
Experience is different from saying new  
However, human are still learning and we can't stop learning because the day we stop learning we start dying.

Because if you could remember back then in February when Elon Musk bought Bitcoin worth $1.5billion, and accepted it to be used as a means of payment for his electric cars, which resulted to much demand and led to it's value reaching $63000 per bitcoin.. 

And likewise, when that same Elon Musk  made a statement of stopping the use of bitcion for the sells of his electric cars, the price went the opposite, as it's demand decreased, resulting to it's price to fall to almost $35,000..

So, That's how it works...
News really matters...

You get the point on it and these are the two (PayPal and Elon musk) major news in recent times that have changed the direction of the market, one for bull and the other for bear. The news from my observation force the market to change direction while technical continues from the direction.

[Woodie]

Quite true with what op has said, which is why every trading style can be applied on the crypto market.

Be it trading fundamentals, applying technical analysis or whatever works for you will work here, but do we also categories  tweets from Elon to be news as well?

I realize also that at every bull or bear, the market is waiting for a news to change the direction. Like such news from Elon musk is capable to do that and now I realize the power of such influence on the market. The fud gradually caused huge dump because it created panic, though price is recovering as bitcoin is appreciating.

Could it be people look at these for market direction because we don't have expert advisors/analysts that aren't bias.

[khaled0111]

All markets can be affected by news and rumors. But since the cryptocurrency market is relatively new and small the impact of positive/negative news is bigger and more noticeable.
Influencers like Elon Musk are trying to take advantage of it to manipulate the market for their own benefit. But likely, the community is gaining immunity against it and are paying less attention to their manipulative tweets.