sana54210
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March 22, 2023, 08:41:24 PM |
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Because legal or not legal things in that country really affect what else, like the big country of the United States, it clearly really influences not only bitcoin but all of it, I think
Not only can it be an influence for other countries and for the world, but it can also be a good example for other countries who already believe in cryptocurrencies and Bitcoin. And in terms of legalizing cryptocurrencies, especially Bitcoin, as was done by the state of El Salvador, of course, it is always necessary to keep the country's economy stable and undisturbed by the presence of cryptocurrencies and Bitcoin into society. I would guess that El Salvador type of situation is a bit more governmental and not individual based. They have to use it, in a way that they have to accept it as a payment, but they could always turn that into fiat right afterwards if they don't want to deal with it, whereas if they are doing normally and want to invest, then that is up to them. But, when we are talking about the government they have to accept it and invested in it and they have so much bitcoin, hence when the price of bitcoin goes down, the government gets affected by it as well. I guess that it will be a lot better when the price goes up, it will allow the government to make a profit and use it to make the nation better. |
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Joshapat
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March 23, 2023, 10:42:36 AM |
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It can be said that bitcoin is a very popular global investment, and of course all types of investments are very affected by any condition or news, if there is a policy or rule that can make a big impact it will make users immediately give a positive or negative response.
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Mario Yamasaki
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March 28, 2023, 03:09:56 PM |
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Whatever happens to this world, of course, has an impact on bitcoin, for example, some time ago when there was an earthquake in Turkey, many were selling bitcoin, so that it put pressure on prices even though it didn't have a long impact, big countries certainly had a stronger influence, for example what happened with China, Japan or USA.
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DOH!
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March 28, 2023, 03:39:26 PM |
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Everything that has an important effect on the economy affects bitcoin. That proves the importance of bitcoin to the world and because bitcoin is a place to create absolute trust, not fake, unobtrusive, uncontrollable, risk-free... in terms of human perception towards bitcoin become familiar, as ownership - freedom awareness and belief in bitcoin become essential. Bitcoin will continue to make an impact.
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irsykes
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March 28, 2023, 03:49:34 PM |
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Everything that has an important effect on the economy affects bitcoin. That proves the importance of bitcoin to the world and because bitcoin is a place to create absolute trust, not fake, unobtrusive, uncontrollable, risk-free... in terms of human perception towards bitcoin become familiar, as ownership - freedom awareness and belief in bitcoin become essential. Bitcoin will continue to make an impact.
it's just that whenever the rich do FUD or some kind of bad news, bitcoin always goes down. small investors like me will be swept away by the control of the rich. because investors get bad news only investors will sell massively eliminating bitcoin volume, but everything will also return to normal again. bitcoin is a trusted altcoin |
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Freddie Boyer
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March 28, 2023, 03:59:45 PM |
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I apologize if this is a dumb question but the fact is that I don't know why.
My question is, why is Bitcoin market always affected by all economics news, example is the issues with US bank like the SVB. Thank you
That's normal in my opinion because Bitcoin is still a relatively new and volatile asset, and many investors see it as a speculative investment. As a result, any news or events that influence investor sentiment towards risk can cause significant price movements. Additionally, global adoption of Bitcoin is still in its infancy, making it vulnerable to regulatory changes and other disruptions. |
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Sterbens
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March 28, 2023, 04:14:21 PM |
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Everything that has an important effect on the economy affects bitcoin. That proves the importance of bitcoin to the world and because bitcoin is a place to create absolute trust, not fake, unobtrusive, uncontrollable, risk-free... in terms of human perception towards bitcoin become familiar, as ownership - freedom awareness and belief in bitcoin become essential. Bitcoin will continue to make an impact.
Bitcoin is a decentralized currency and is not associated with the government. However, when something happens to the world economy it can greatly impact the price and exchange rate of bitcoin. Bitcoin can be influenced by several global economic factors such as stock market fluctuations, monetary policy and geopolitical instability. Yes, human perception of Bitcoin varies widely, some people see bitcoin as a profitable opportunity and some see it as a fast and secure transaction tool for their ownership. |
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D ltr
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March 28, 2023, 09:30:57 PM |
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because bitcoin is a digital investment and it is part of the economy in the form of digital gold, and is bought on the market, the effect of the news itself greatly affects the value of btc itself where btc still has a small market scope so it is easy to shake with negative news, but negative news also occurs in other investment stocks, not only in bitcoin,
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TheUltraElite
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April 05, 2023, 08:23:08 AM |
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because bitcoin is a digital investment and it is part of the economy in the form of digital gold, and is bought on the market, the effect of the news itself greatly affects the value of btc itself where btc still has a small market scope so it is easy to shake with negative news, but negative news also occurs in other investment stocks, not only in bitcoin,
They also drop or rise as per news on the market. These is perpetuated by the weak hands who have loose faith in the asset and are only here for the short term gains, not the long term profits. The same picture is seen in Bitcoin traders and here is lack of faith is even more prominent because of pseudo-anonymity that Bitcoin provides. We could see this occur if you observe the market well but we should use it to our advantage in order to buy at low prices. |
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Minecache
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April 05, 2023, 09:43:27 AM |
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because bitcoin is a digital investment and it is part of the economy in the form of digital gold, and is bought on the market, the effect of the news itself greatly affects the value of btc itself where btc still has a small market scope so it is easy to shake with negative news, but negative news also occurs in other investment stocks, not only in bitcoin,
They also drop or rise as per news on the market. These is perpetuated by the weak hands who have loose faith in the asset and are only here for the short term gains, not the long term profits. The same picture is seen in Bitcoin traders and here is lack of faith is even more prominent because of pseudo-anonymity that Bitcoin provides. We could see this occur if you observe the market well but we should use it to our advantage in order to buy at low prices. There is no need to blame anyone for what happened, that's the way the finance market works, that's how it works. If everyone were a diamond hand, there would be no weak hands in the market, everyone would hold, no trade would take place, and the market would crash too. The market needs to move, and for it to move, there must always be trading. Financial markets are like a gamble with winners and losers, you can't expect everyone to win. The market does not print money and distributes it to everyone for free, the market is where the money of the weak hands is moved to diamonds. |
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zaki12
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April 05, 2023, 01:45:30 PM |
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My question is, why is Bitcoin market always affected by all economics news, example is the issues with US bank like the SVB. Thank you
Because Bitcoin is indeed a digital commodity, its price can be affected by the same factors as other commodities, such as supply and demand, the influence of government policies, global economic conditions, and so on. When disruptions occur in the traditional financial sector, such as problems with US banks like SV, it can trigger concern among investors and cause them to seek safer places to invest their funds. Some investors may choose to switch their investments to crypto assets such as Bitcoin because they see greater profit potential or feel that the crypto market is more stable and can provide protection from vulnerabilities in the traditional financial sector. When there is a large flow of funds into the crypto market, the price of Bitcoin and other crypto assets can increase significantly, due to increased demand. |
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Kadal Ijo
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April 06, 2023, 10:02:35 AM |
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Bitcoin is indeed a sensitive investment, the market cap is large at the moment and has reached around $540 billion but price fluctuations are still high, and in my opinion the thing that makes bitcoin easily affected is because all investors always monitor daily prices so that when there is any issue they will immediately react.
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Paul Pogba
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April 07, 2023, 03:08:38 PM |
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Bitcoin is an asset that is easily affected by various issues, for example if there is an issue where the company or bitcoin owner sells bitcoin it will make a big impact, namely the price will go down, or vice versa if there is a big purchase plan then the price will go up.
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fadhilz123
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April 07, 2023, 04:08:35 PM |
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Bitcoin is indeed a sensitive investment, the market cap is large at the moment and has reached around $540 billion but price fluctuations are still high, and in my opinion the thing that makes bitcoin easily affected is because all investors always monitor daily prices so that when there is any issue they will immediately react.
Not only do investors always monitor the daily price of Bitcoin, but daily traders also always monitor the price of Bitcoin so that fluctuations will always occur and this is also a very natural thing to happen because when demand and supply always occur differently in Bitcoin, of course price increases and decreases will also always occur in Bitcoin and this is always seen in the market where Bitcoin never stays too long at just one price. |
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Wapfika
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April 07, 2023, 04:33:05 PM |
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Bitcoin is indeed a sensitive investment, the market cap is large at the moment and has reached around $540 billion but price fluctuations are still high, and in my opinion the thing that makes bitcoin easily affected is because all investors always monitor daily prices so that when there is any issue they will immediately react.
Like other investments may it be crypto, Bitcoin or stocks it is affected by what economic situation the country is in. If there are on going economic problems, recessions or high inflation the investments of every individuals is affected too. Some withdraw their investments to use for their daily needs and left other investors at price decreasing due to those problems occuring in every country. That's why we will need to be updated in every news from technicals as well be updated in current news to have idea on what may happen or happening in our investments. |
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DiMarxist
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April 07, 2023, 05:45:48 PM |
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Bitcoin is indeed a sensitive investment, the market cap is large at the moment and has reached around $540 billion but price fluctuations are still high, and in my opinion the thing that makes bitcoin easily affected is because all investors always monitor daily prices so that when there is any issue they will immediately react.
Like other investments may it be crypto, Bitcoin or stocks it is affected by what economic situation the country is in. If there are on going economic problems, recessions or high inflation the investments of every individuals is affected too. Some withdraw their investments to use for their daily needs and left other investors at price decreasing due to those problems occuring in every country. That's why we will need to be updated in every news from technicals as well be updated in current news to have idea on what may happen or happening in our investments. According to my mate is not only do investors always monitor the daily price of bitcoin, but bitcoin is a decentralized currency and is not associated with the government. However, when something happens to the economic it can greatly impact the price and exchange rate of bitcoin.And Bitcoin is a digital currency exchange so anything happens in the economic, it's affect bitcoin market,but the things that makes bitcoin easily affected is because all investors always monitor daily prices so that when there is any issue they will immediately react.Because Bitcoin is indeed a digital commodity, its price can be affected by the same factors as other commodities, such as supply and demand,the global economic conditions affect it. |
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Pejoh Asu
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April 08, 2023, 06:35:03 AM |
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The thing that makes bitcoin too easily affected is because it is purely decentralized so that no person or company guarantees the value of bitcoin, of course this is in accordance with the concept of a market that relies on demand and stock, especially now that many people easily spread good or bad news so that it affects investors in making decisions.
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ichsan ardi
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April 22, 2023, 02:33:16 PM |
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I apologize if this is a dumb question but the fact is that I don't know why.
My question is, why is Bitcoin market always affected by all economics news, example is the issues with US bank like the SVB. Thank you
I think economic developments have greatly affected bitcoin, for example, the SVB bank that went bankrupt had a big impact on bitcoin because some people returned to risky assets like bitcoin and people returned to believing in Bitcoin from the bankrupt case of the SVB bank What do you think? |
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Sterbens
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Duelbits.com
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April 22, 2023, 03:01:07 PM |
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I think economic developments have greatly affected bitcoin, for example, the SVB bank that went bankrupt had a big impact on bitcoin because some people returned to risky assets like bitcoin and people returned to believing in Bitcoin from the bankrupt case of the SVB bank
What do you think?
Yes, the world economy greatly affects the price and demand for Bitcoin, when there is economic or geopolitical instability around the world, many investors are looking for alternative investments to protect their assets. Switching part of their portfolio to Bitcoin as a form of hedging. Fluctuations in global currency exchange rates greatly affect the price of Bitcoin. In fact, it is very difficult to avoid the influence of the world economy on Bitcoin completely because the crypto market itself is not isolated from global financial markets. However, to my knowledge there are a few solutions to reduce the impact, one of which is to reduce dependence on news and fundamental events outside of the crypto industry. |
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mvdheuvel1983
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April 22, 2023, 03:24:31 PM |
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I see bitcoin as a financial instrument that doesn't exit alone or is in a world of its own. It exists with other financial instruments - stocks, bonds, etc. Thus, it is logical that what affects one may have an indirect effect on the other one.
We recall how during the inflation in some countries people moved their wealth to bitcoin and held it there. They didn't even want their net worth to drop even if it was a split second. These people already know that stocks and bonds would be affected by the inflation and they would be affect pretty badly.
However, once there economy has returned to its normal state, that it the inflation has dropped and they would most likely return to having their trust in the financial system and keep their funds either in the bank, or buy stocks and bonds rather than bitcoin. We have seen this happen a lot of the times since bitcoin was created.
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