Is my mindset correct or wrong?

[magd 5231]

Part of your words is true about the correlation of crypto and the dollar with oil and the relations between them, but there is another look for cryptocurrencies as the United States considers that Bitcoin's spread and the rise in its purchase and allow its circulation significantly will lead to a decrease in the purchase of the US dollar and thus its value will decrease and this will affect the economy

[pablomarwan 3082]

Your words are not somewhat wrong. Because there is no complete truth. I assume that bitcoin is approved by politicians in order to increase their profits or something like that, despite accusing them of being used in suspicious business. Several things we cannot say without any arguments

[Thekingcallme 1975]

News does not directly affect Bitcoin, but the effect is caused by the influence of many investors and traders in the countries on that news, and this is what makes Bitcoin affected by the news then.

[Captain Karim 0]

Until now, we cannot consider that Bitcoin has presented us with a new economic structure, so far this field is greatly affected by news and politics, and we still have regulatory problems that must be solved.

[koussai999 1986]

On 1/8/2020 at 1:16 AM, 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.

Indeed, my friend matters are related to each other in the event that there is any event in the world or economic collapse or health collapse in any of the countries that will certainly have an impact on the existing cryptocurrencies

[Zaino34 0]

There might be a slight impact through that, but I think that the most influential thing on digital currencies is the supply and demand that the currency is exposed to, as well as the control of whales, as it is a factor that has more control than other things.

[Ms.o 3322]

I guess your right. Bitcoin and any other crypto get their value through demands,so price of it change quickly and get affected on those news or any situation that happens. That's why it is very risky dealing with crypto and it require us to be more cautious as we never know what can happen.

[Rezort 846]

There is something wrong in your mindset because cryptocurrency's movement is influenced my a lot of events and things that nobody can predict or guess, however you are right in the rest.

[Nezar 7169]

Most countries reject cryptocurrencies because they cannot control or control them, because cryptocurrencies are unstable and decentralized so that countries cannot take a lot of taxes through this currency

[DavCrypto 298]

In fact, I have questions like this, I expect that it will definitely be affected, it is true that oil is the most affected, but in the end all of this affects the economy, and the effect on the economy will affect in one way or another the bitcoin.

[imr 43]

 I think hopefully, you are not wrong and you are not completely right, Bitcoin can also be easily affected by external issues and such crises.

 

 

[Abiaan 1209]

lets not say any political event effects the movement but its financial event is what makes it , yes it is one of the factor for its movement but there are more things that effects the crypto market like whales movements/ shift of coins 

[Shaza Ahmad 1682]

No, as we saw that the crash was general, all markets collapsed and the cryptocurrency market is one of these markets, panic is what prompted investors to sell their cryptocurrencies at low prices.

[Mohssine 1725]

2 days ago bitcoin start to get down from 9900$ to 8700$ is mean more than 12% , but tomorrow the halving , now bitcoin start to rise again , and now his price is 9100, and i think will rise more the this because tomorrow is the halving , this is my opinion , what you think gays.

[MCSGlegend 2210]

Cryptocurrency can fall and grow in price if some person who does not like cryptocurrency gets more power (in making laws, etc.), no matter what they say, cryptocurrency also depends on the news. 

[Upright 2688]

It's not wrong, as politics affects the people as when it affects the people in large and severe ways,at most it can lead to this assets and commodity having to be affected as thus, the oils and Crypto coins are all being used my people as a poor situation can also be related on bad trends on their markets

[Treat1234 0]

Bitcoin does not have any political impact because in US , the government doesn't care about crypto but they highly care about their local commodity especially an oil since it is has great impact to them so your mindset is right.

[Virgil dijk 1431]

Your mindset is correct, bitcoin movement is not in relation with the action of the government, bitcoin is private and it's price depends on demand and supply, so bitcoin has no relation with the government and politics.

[Zues 1069]

On 4/27/2020 at 12:20 AM, Nezar said:

Most countries reject cryptocurrencies because they cannot control or control them, because cryptocurrencies are unstable and decentralized so that countries cannot take a lot of taxes through this currency

Yes I think that you are right and I think tsht it is not great that they are rejecting cryptocurrency to be implemented in their country because they don't want to change the way that the old system works now because they are afraid to the capabilities of cryptocurrencies 

[Dark_Sky 8489]

On 1/8/2020 at 8:52 PM, suzuya said:

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.

That's right the price really depends on the demand. 

If there's a thing that may affect it then it should be some crisis or some world problems, government really have no concern in the price. 

[Zalaks007 543]

You mindset is definitely good cryptocurrency is a decentralized currency that cannot be controlled by anyone bot even the government but unlike other commodities like gold and oil they can be regulated and control by the government. 

[Omar Ommeish 4872]

I think that the price of bitcoin is affected by the political events that happen, especially those that happen in America these days, and this is a reason for the high price of cryptocurrencies.

[Bohana 2143]

In fact, there is a big difference between coded and paper-based operations. I don’t think this matter affects the Bitcoin, as its price depends on market variables.

[Omar Ommeish 4872]

1 hour ago, Denispodstava said:

In fact, it is the users themselves, or the so-called whales, that affect the price of bitcoin. They have for the most part cryptocurrencies. But politics, if they influence crypto.tu, is completely not strong.

I agree with you that it is the whales that affect the price of bitcoin, supply and demand for currency also affect, but politics has a role in that as well.

[P A Ashif 2409]

Actually you have told many things. I clearly didn't get you but I can tell many of your points are good. Your post can be little longer. There are lots of factor on which the prices of commodities depends. And political factor is one among that