Is my mindset correct or wrong?

[nicolas1234789 2566]

This day bitcoin has good movement but I see many people related this moment with global politic event, such as about USA president that suspected doing something bad. From this reason create negative impact into USD and giving bitcoin chance to fix his value. So far I know only currency and primary commodity ( oil ) will get impact if something bad happen in politic, I don't see any relation with bitcoin. Crypto movement only can moving by development program, economic issues and event. Is my mindset correct or wrong, give me your opinion please.

[Opinder 1310]

Your mindset is right. It is not happening with btc because it is private and its price is not selected by governments. It is just moving on the base of supply and demand. But primary currencies, oil and gold have close relation. Their values correlate with each other.  Value of primary currencies depend on the volume of gold or oil.

[Satishmolankar 1703]

For your mindset you have to know that why government are not regulating it and why and they want to do because it is an digital currency government want to stable it and they are not getting taxes that's what want to regulate it

[Rahul21 626]

In cryptocurrency, we cannot change the prices of our currencies at our own level.  So I think your opinion is correct because we need to move the bitcoin currency forward in crypto so we need to set a good price on it and do the transaction well.  By 2020, prices have gone up considerably.

[bliznec 22268]

Trump did not have a very good effect on bitcoin and critography as a whole. But this does not greatly affect bitcoin and growth continues. 

[pkrs 603]

Your mindset is good.This is a decentralized currency and the influence of governments on Cryptocurrencies is not so much but the other commodities like Crude OIl and Gold prices are interlinked and governed by the States. 

[BTC Future 3946]

Another US war would mean their Central Bank printing another endless amount of trillions of fiat dollars, that will probably be wasted in another pointless war. The printing will devalue the dollar even more making the wealth of their citizens less.

Meanwhile with Bitcoin you can keep your wealth intact and probably gain also as an investment. It can be used to counter these events.

[iloveyobit 6599]

You are wrong, Bitcoin can move because of any major news in the world, exploited by VIPs in order to money laundering, perhaps causing it to raise its price as it happens every time.

[Migo 7946]

I can't give the right answer, because if we entered to the political world we will never find the exit door from it, anyway not just bitcoin increased but even petroleum too, so I can say that thus bull is only about the last predictions when they said that bitcoin will increase next year before this political actions 

[Romaan1987 601]

5 hours ago, nicolas1234789 said:

This day bitcoin has good movement but I see many people related this moment with global politic event, such as about USA president that suspected doing something bad. From this reason create negative impact into USD and giving bitcoin chance to fix his value. So far I know only currency and primary commodity ( oil ) will get impact if something bad happen in politic, I don't see any relation with bitcoin. Crypto movement only can moving by development program, economic issues and event. Is my mindset correct or wrong, give me your opinion please.

There is no relationship between crypto and politics, but major investors link bitcoin or crypto currencies to politics in order to obtain a temporary hype and price spike or dip. Bitcoin should remain neutral in any sense.

[Chopovskyy 157]

I am deeply convinced that you are on the right track, keep up the good work. Just keep in mind that the technical analysis with the help of which very many successful traders make predictions also influences the construction of prices. The very understanding of fundamental analysis (news, internet, television) will let you understand how a currency changes its price over time, I ask you to carefully study this issue for yourself.
It is also worthwhile to be more careful for yourself to realize that the market is working autonomously, your opinions and requests will not affect it, so you should not worry too much if at first you may have some difficulties.

[Yanadia 1517]

15 minutes ago, Migo said:

I can't give the right answer, because if we entered to the political world we will never find the exit door from it, anyway not just bitcoin increased but even petroleum too, so I can say that thus bull is only about the last predictions when they said that bitcoin will increase next year before this political actions 

Yeah i am agree with you . Better just focua on cryptocurrency knowlegde than talk about it.What I see is that the demand for Bitcoin is increasing very sharply, indicating that Bitcoin users are increasing now that people are becoming familiar with crypto, this is the main reason for the rapid rise of Bitcoin.  From the people for the people to the people

[suzuya 945]

Your mindset is right, bitcoin won't be affected even if there were conflicts in some country's government. Government doesn't really have nothing to do with the movement or price of bitcoin and other cryptocurrency. I think the price just depends on it's supply and demand.

[Rudro88 371]

We can all see the good behavior of Bitcoin, and in that case I can say that the price of Bitcoin was not increased but the problem mentioned by the US President was not mentioned here.  Because Bitcoin is a good currency for our cryptocurrency and it goes a lot further for the user.  So this is not a problem with the US President and in any country is linked to the price of Bitcoin.Bitcoin is never really related to politics Bitcoin is connected to crypto users.

[el-Muhammady 718]

Everyone has his/her own opinion, what I see in these is that I that the Bitcoin is increasing very sharply, indicating that Bitcoin users are escalating at the moment that nation are appropriate household with crypto, this is the major sanity for the hurried rise of Bitcoin.  From the make somewhere your home for the people 

[Jokeer 648]

As I think that your mindset is right because of The bitcoin movement based on the supply and demand where government can't effect on it.

[Pearls Before Swine 815]

I really don't think bitcoin's price reacts much to world political news, because we've seen things like that happen over the past 10 years, and bitcoin doesn't seem all that sensitive to that.  It would appear that bitcoin jumped in response to the US-middle east tensions, but that could just be a coincidence.  The halving is approaching, and that could have been responsible for it.  In any case, there's no way of knowing for sure, but I happen to think politics *doesn't* affect bitcoin all that much.

[DidaNahrisya 165]

Bitcoin also is a Safe heaven asset like gold. Like in Venezuela bitcoin is an asset to safe from crisis.

[Sohel Rana Sazzad 453]

Of course it works for me because I can earn more money by spending only a little time here and I have the advantage of trading here and I can invest here.Which could change my financial situation.

[Afrizal rahman 2636]

I think your thoughts are correct. The price of Bitcoin is not regulated by the government and the price of Bitcoin depends on demand and supply. Unlike the case with currencies that depend on the government.

[sazzad925379 128]

My thoughts on cryptocurrency are quite accurate because here I can make money in a short amount of time that I can't spend too much time on which is changing my financial situation.

[pakjobhelp 1585]

I agree with you but the this is reality that dollers and oil price create a strong market and people earn money and invest in crypto currency. These thing indirectly involve in every field where it show and some time it not show but its effect show with market.

[patitaycute 648]

Perhaps, your opinion was right on some point and wrong. The decentralized features of cryptocurrency and the valye of it are not dependent on the politics. The news can also affect the value of cryptocurtency.

[Sid 589]

Indeed crypto has nothing to do with politics. It's just that whales who hold a lot of cryptocurrencies are affected by politics so that they can influence price movements on the cryptocurrency market. CMIIW 😅

[Mehedi552 30]

I think cryptocurrency can make bitcoin only if you can answer correctly if you need common sense to make money.