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

[Ndabagi01]

The market doesn’t just react to any news that happens in the market, there must be some important intel in that which has happened that will cause the market to react in this manner. Nevertheless, the effect is just for a short time before we are the market gets back up again almost immediately as if nothing happened that triggered the fall initially. All these are interconnected but it is not a decisive means to lose hope in the market, just play your game right when you notice is it early and take the quick profit you can.

[CryptoBuds]

I don't think that Nvidia CEO having an affair with that lady was the cause of the market drop of 4%. It's only a coincidence because I have been in the WO thread in recent days and there were some speculations over there that the price can even dip below $70k before this news. People will always love to connect any market dip with a scenario that played out which can be true or not. Moreover, 4% is a normal dip when it comes to bitcoin price movement.

Dunno if it's coincidence or the news really did rattle market sentiment. But one thing we can't deny, the market dipped right after it broke.

Not to mention there was barely any other bad news hitting  the market besides that . So its no surprise people reckon it played a part in the dip, even though its got nothing to do with Bitcoin directly.

As for predictions , I have even seen plenty of calls on X since 10 saying BTC would slide to $68-70k. Does not mean they are necessarily going to happen . Bearish predictions have been around for ages, just like bullish ones. There are alway multiple scenarios on the table, nobody knows for sure which way Bitcoin will move next .

[YellowSwap]

This is going to sound crazy, but I was expecting Bitcoin to go below 75k before this scandal came to light, why are you blaming this scandal on the drop of crypto market?

I'm sorry to say but Bitcoin was already due for a turn over, you can only argue here if you don't know your chart very well, if this scandal news never came up the price action will still go down.

[Nathrixxx]

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

It is very uncommon that you discover a single person's mistake having a significant impact on the market price at a certain point in time. Those who are in the best position to move the market significantly, but over a short period of time, are the whales, who have the buying or selling capacity that could cause a short-term market reaction as they make any move to either buy or sell, while it is more observable when you see them selling.

[Lucius]

~snip~
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.

She actually works for a very powerful Chinese spy organization, and to make matters worse, she was under the surveillance of the US spy services, and the US president was allegedly informed about everything a long time ago and did nothing. He and Mr. Huang are very good friends, and he obviously didn't want to ruin the man's love affair with the young lady - because it's obvious that both of them have a penchant for extramarital affairs.

[Captain Corporate]

Why is the market so immature? huh OP? It is because I think that many people are also immature on this age. That is why. The market is only like a big screen that displays all the result of the people's actions. It still looks unbelievable though and maybe there is only a coincident that occurs because the issue is already very personal and should not anything to do with the market or their stocks. Though maybe the netizens dislike the act, so they boycott NVIDEA all of a sudden. NVIDEA maybe among those components used in crypto or when mining, and that is why crypto had been affected in the issue.

It was only 4% anyway and I don't think that is so huge. We can only hope it won't escalate further though, as there are also crypto people that talks they are investing in NVIDEA too, I mean as one of their assets for the long-term.

[philipma1957]

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?

First off the woman was a spy.
And the stock has tanked bigly

it is about 177 right now so I went and purchased some more shares of it.

She the spy did you a favor as she lowered the price.

Take advantage of the sale. But be sure to have spare cash in case it tanks lower than 177.

[Alvin_talk]

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?

Different media and news outlet always look for different topics to make themselves remain relevant at times (both real and speculative news), therefore you have to always watch out for false positives.

This is not making sense to me. How does bitcoin even relate with the Nvidea ai company in the first place. It is just coincidence and nothing else. That bitcoin was selling around 73k dollar after the Nvidea CEO scandal does not prove anything because that same day the closing price of BTC was around 74.7k dollar, which is very close to the selling price before the scandal (75k dollar). I do not see anything connecting this price movement with the Nvidea scandal, its the normal price movement for the day probably influenced by other factors.

[EarnOnVictor]

As we all would probably have recently heard that the NVIDEA's CEO Jensen huang has recently been caught with a girl.

Let's be guided, he wasn't caught with a girl, but a lady; the two are not the same thing.

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?

The market has never been nature, if that is the right words, for ordinary rumour could drive it crazy.

However, I wouldn't say the market is not mature in this case, and perhaps, you are taking the severity of the case lightly. Jensen Huang wasn't just caught with a lady, but he was caught with a lady that is highly likely dangerous to the United States. The US intelligence officials mentioned that she's Alice Huang, and that she's a tech executive suspected to be a Chinese spy.

[aoluain]

I often wondered myself about how the market reacts to news in general, stuff that most of
us know shouldnt move the markets because it cannot affect Bitcoin directly for example.

We all know that "The market" consists of many actors, including both those in a position
of influence and those who follow the people of influence.

If it is/was the case that the OP's report had an effect on the market its so unbelievably
nonsensical. What I see is an immediate knee jerk reaction to something which will have
little or no affect on the company involved directly or indirectly.

and if you dont react at all there is absolutely no consequence for you!

[Donneski]

That's just effect of trendy news on the market, it's normal with financial markets. Have you asked yourself why people are quick to buy when confidence is high? That's psychological effect playing out and it's that same reason people rush to sell when uncertainty enters the picture.

That said, I don't think it's totally ideal to attribute the whole market movement to one person's action, I think there are also other factors working together to cause the downtrend.

[arallmuus]

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.

To be fair the crypto market has tanked ever since the midterms elections and this incident just a cause for further correction. In a bearish market, whatever silly negative news would probably affect the market to some extent. If we were still in uptrend like few weeks ago before the midterms election, this incident probably wouldnt cause the market to react.

It might have an effect to the market if the spy was captured in US thus it could increase the tension between US-China relations but from what I've read it seems she has been gone for months

[letteredhub]

However, I wouldn't say the market is not mature in this case, and perhaps, you are taking the severity of the case lightly. Jensen Huang wasn't just caught with a lady, but he was caught with a lady that is highly likely dangerous to the United States. The US intelligence officials mentioned that she's Alice Huang, and that she's a tech executive suspected to be a Chinese spy.

The market can get mature for other things but definitely not about reacting to events that tends to stimulate it.

]The Chinese government are actually denying about any association with this person as a spy for their government. I think the main market shaker isn't about the CEO having an extra marital affairs but about what intelligent information that may be at risk into competitors hands that may affect the company.  As long as global economy is concerned the Chinese economy is one of America's top economic competitor.

[DiMarxist]

I don't think that Nvidia CEO having an affair with that lady was the cause of the market drop of 4%. It's only a coincidence because I have been in the WO thread in recent days and there were some speculations over there that the price can even dip below $70k before this news. People will always love to connect any market dip with a scenario that played out which can be true or not. Moreover, 4% is a normal dip when it comes to bitcoin price movement.

That is true, trying to link the drop in price of Bitcoin to the case of the CEO of Nvidia is out of place if you ask me. The price of Bitcoin has already drop below $80k even before this even, and with all indications there was high probability of more volatility which was on the negative. Just as you have said let just call it a coincidence and nothing more. Nvidia is a tech company which is into AI and so the probability of this incident affecting the price of Bitcoin is out of place if you ask me.

[buwaytress]

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

Held true a century ago, will probably hold true a century from now. Be it still a "market" for stocks that imply a value of a company, or some other means to denominate value of some other corporate entity. And since the future will -- judging from the present relative to a recent past -- probably be tapped into by an even wider mass consciousness, probably even easier to move.

[OgNasty]

I honestly can't believe that so much of the world's wealth is being held in a single company that designs chips and writes software...  Sure, they are the leaders, there is no doubt.  I just don't understand how they don't expect their entire business to be made obsolete by AI.  Maybe they do and that's why they're using their stock to make every deal anyone is willing to offer them.  I know if I had the option I would remove Nvidia from all my investment funds.  Great company, terrible investment (at current levels in my opinion).  I think most retail investors believe they're buying a company like TSM when they invest in NVDA.

[Xackie]

This is going to sound crazy, but I was expecting Bitcoin to go below 75k before this scandal came to light, why are you blaming this scandal on the drop of crypto market?

I'm sorry to say but Bitcoin was already due for a turn over, you can only argue here if you don't know your chart very well, if this scandal news never came up the price action will still go down.

Same reason why I don't believe that an ordinary scandal could have an impact on Bitcoin  How did they even  correlate together for such thing happen.  Even though NVIDIA is a giant company that doesn't mean that whatever happens in the CEO personal life should now have an impact on one of the biggest financial asset (Bitcoin). I wonder how many top information the woman would reported back to her masters. I myself saw this drop as a normal thing, maybe the market wants to cool down a bit and there's even more global tension that  are kind of having little on bitcoin.

[alastantiger]

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.

The market can react negatively or positively to anything and this is because the market is being controlled by human being that operates on emotions. The market can fall because the traders are scared that such an affair can affect the market hence they all begin to close their open position and tis reactions becomrs the reason why the market starts falling and not because of their affair that was exposed. It is because of things like this that people in powerful positions are always advised to stay off controversy because everything that happens to them can become the reason why the market is falling. I would not worry much about the market falling because of this as I do not think it is a big enough reason for the market to be very much affected.