How can a market drops by a single mistake of a single person ?

[Awaisjanizz11]

As we all would probably have recently heard that the NVIDEA's CEO Jensen huang has recently been caught with a girl. Which has made a huge impact on crypto markets. According to the news the market has dropped 4% after this incident.

I would like to ask why is the market so immature?

How can a market drops 4% just by a single mistake of a single person.

Is it normal in nowadays?

[Oshosondy]

United States is thinking that the woman that Nvidia CEO is having an affair with which is Alice Huang is working with Chinese government and which can be a good means to obtain information.

You should expect that the market could react to that.

If you know early, just sell and buy at a low price. If you hold, bitcoin is still going back up. Just buy more at lower prices.

[GreatArkansas]

United States is thinking that the woman that Nvidia CEO is having an affair with which is Alice Huang is working with Chinese government and which can be a good means to obtain information.

You should expect that the market could react to that.

If you know early, just sell and buy at a low price. Or wait until the whole thing is concluded which is what I will prefer.

Exactly, especially given that NVIDIA is currently the #2 highest market cap company in the world, and hello, it's AI era now, most controversial topic everywhere right now, AI is on hype, especially a lot of people talking about AI bubble, so every details are important now, like at first when  I saw some headline related with this, I was just expecting some jokes or fake news, but it's somehow real and they are still investigating. This is huge.

[STT]

That story is purely the handle by which people refer to this market sentiment and momentum right now.    If we were to be more precise it be technical maybe even an equation or two and the idea is less discussable at that point as not everyone speaks maths.

   Fears and doubts, this is one part of the storm for the moment and this whole period of trading every year is called autumn storms.  We could have predicted various forms of upset months ago because its almost by schedule the market revises prices at this time of year.   Dont get too sold by a story, its a convenient label.

[Free Market Capitalist]

That story is purely the handle by which people refer to this market sentiment and momentum right now.  

That's right—what we call “the market” consists of millions of people interacting, buying and selling—or holding onto—stocks and mutual funds.

Sir Isaac Newton famously said of the stock market that he could calculate the motion of the heavenly bodies, but not the madness of people.

Source: The Stock Market’s Irrational Exuberance

With that in mind, the 4% decline due to this factor is nothing out of the ordinary, it could have been much worse than that as sometimes small news stories cause major panic, and in this case, it seems like a story with far-reaching implications—not just a simple affair, but as Oshosondy says, it appears that the woman works for the Chinese government.

[Dr.Bitcoin_Strange]

Is it normal in nowadays?

Yes, it is normal. The market isn't reacting to Jensen huang private affair itself but the story showed an impact on the market because of how and what investors thinks and how they reacted. As you may know, Nvidia is among the world's largest companies and any news that causes uncertainty around its CEO or the security of the company can actually affect the broader risk sentiment in the market, that's why you see that the market reacted to the story as investors decisions changed.

[Akaenyi]

As we all would probably have recently heard that the NVIDEA's CEO Jensen huang has recently been caught with a girl. Which has made a huge impact on crypto markets. According to the news the market has dropped 4% after this incident.

I would like to ask why is the market so immature?

How can a market drops 4% just by a single mistake of a single person.

Is it normal in nowadays?

I also ask myself the same question sometimes, what I think is that the market is keen on any news that catches global attentions, investors are waiting to hear something that would prompt then to either buy or sell, it's like some of these big holders don't have a mind of their own. It's a volatile market and we can expect that the market should be very reactive and some of these whales will capitalize on these fundamentals to manipulate the market, they can dump some of their coins to create FUD and after weak hands would join and price drops they will buy back to make more profit. Some pronouncements by heavyweights like Trump, and some "mistakes" like we are discussing now might be deliberate to achieve some hidden aims then the Bitcoin market will react as usual.

[Wiwo]

There is a security threat based on the individuals involved and whose employees their are, considering this we should expect such market reactions which is around %5 or less down from bitcoin to ethereum and even the NVIDIA shares traded at -5% a sharp drop from the last price before the news broke out

Jensen Huang have admitted he was in a relationship and also say he is cooperating with investigators, but for now there is now risk of data and information loses but not certain sine the relationship was a security target one.

[perfect999]

As we all would probably have recently heard that the NVIDEA's CEO Jensen huang has recently been caught with a girl. Which has made a huge impact on crypto markets. According to the news the market has dropped 4% after this incident.

I would like to ask why is the market so immature?

How can a market drops 4% just by a single mistake of a single person.

Why not you go and analyse the marketcap of Nvidea and its percentage role on indexes including majestic seven? He is not a common man and the company he is working is not a small one and his role on the company is not on lower side then what kind of consequence that we could expect out of this negative news? Moreover, this affair was with a Chinese girl which may lead to US security issues because Nvidea is closing working with many US defence agencies. So, markets must have to react to this and exactly did!

Last week was a bad week for cryptocurrency market and I am not sure this news alone was a reason for BTC slipped but hack in major exchange and the results of US midterms were.

[KiaKia]

As we all would probably have recently heard that the NVIDEA's CEO Jensen huang has recently been caught with a girl. Which has made a huge impact on crypto markets. According to the news the market has dropped 4% after this incident.

I would like to ask why is the market so immature?

How can a market drops 4% just by a single mistake of a single person.

Is it normal in nowadays?

Which market are you referring to exactly? Crypto market? That's a wrong information, the only market that's reacting to this Huang's alleged affair with a suspected Chinese spy is the Nvidia stock itself.

The investigation has led to a significant drop in Nvidia's stock price and so far I believe the fall is around 4% to 6% since the last time I kept monitoring it, because it seems like investors are worried that Huang might be removed as the current CEO.

I believe that many will be reducing their Nvidia holdings in the coming weeks due to the uncertainty, it's just fear leading the way right now, something I was already expecting, and it's similar to what always happens with crypto when some.bad news gets leaked.

Invertors will surely react, it's a normal thing.

[Ayers]

There is a security threat based on the individuals involved and whose employees their are, considering this we should expect such market reactions which is around %5 or less down from bitcoin to ethereum and even the NVIDIA shares traded at -5% a sharp drop from the last price before the news broke out

Jensen Huang have admitted he was in a relationship and also say he is cooperating with investigators, but for now there is now risk of data and information loses but not certain sine the relationship was a security target one.

What does Jensen Huang's personal life, or Nvidia's own drama have to do with Bitcoin and the crypto market? There's no direct link at all, and yet the whole market still got dumped after news.

Imo that just shows this market is still highly speculative and still getting manipulated. Any negative news can become an excuse to trigger a sell off, even when it has no direct connection to Bitcoin or crypto.