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

[Lucius]

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.

I wouldn't say she did anyone a favor except for the Chinese government she spied for - and the question is what all did her lover whisper in her ear considering he's a good friend of the US President and obviously knows things he shouldn't know. In the past, such people would have been considered a threat to national security, today they are defended as having done nothing wrong.

It is another straw on the back of the market.

If kraken or coinbase get attacked and hacked we may crash like mad.

People who think they should store their cryptocurrencies on CEXs are the ones to blame if anything bad happens - and apparently it's no longer a question of if it will happen, but when it will happen.

[Aliciaworld]

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 don't think this is a nowadays type situation, I've always known the system to be this way. It's like a herd mentality type situation where a select few in front make a decision and the rest follow blindly. Those has happened a lot, so much so, that when such incidences occur, the general public believes the market will react badly and proceed to pull their funds not willing to sit around and do nothing. This happening at scale drops the share prices. It's a self fulfilling prophecy.

[moneystery]

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.

If you read the news, it's not about an ordinary affair, but the woman is suspected of being a spy for the Chinese government. For someone so influential in a company as big as Nvidia, it's not something to be taken lightly that she could have obtained sensitive information about the company.
Meanwhile, the US government is currently very protective of their domestic technology and doesn't want any outside party to access sensitive information for their own gain. The US are currently in a technology war with China, and China is still looking for ways to accelerate the development of their semiconductor technology; even the smallest piece of information from Nvidia is very important to them. So it's quite normal that the market reacted to this news, it's not an immature action.

[Awaisjanizz11]

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.

I also thought that the NVIDEA is such a big company why did they allowed the news to spread? Why didn't they stoped the news from spreading?

Many news can be stopped from spreading, what can be the main reason for them to reveal such a news?

In my opinion, after a long silent era of traders they wanted the traders to get motivated and for their motivation they did something that would probably attracts many of traders.