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The crypto markets are not listening to the outside world news

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23 hours ago, Babubu609 said:

Actually I noticed it some few weeks ago but what do you consider to be the major factor apart from the pandemic virus,, if pandemic could be the reason then it has a big effects to the cryptocurrency market

We don't have any that make the market to dropped like that, we didn't see it coming, all my thoughts that it won't affect the cryptocurrency but it affected it very bad

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Cryptocurrency market has already shown us a lot of times how some event from real life can impact on the market, the biggest event right now is coronavirus, of course.

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In my view news affect the price of Bitcoin, as if there is news and more popularity about the new things happening in Crypto world it would reached more people and if they like to invest or withdraw their Cryptos would be influencing the price for sure.


NOTHING I SAY IS FINANCIAL ADVICE. YOU SHOULD USE YOUR MIND ,FOR YOUR MONEY,

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19 hours ago, Wa998sh said:

for me i think Crypto is affected very much about the world economy. and that is why we are seeing a huge drop in prices, specially Bitcoin. all of that is because Coronavirus impact.

Fears of corona prevalence negatively affected all global markets, especially modern assets, and it seems that financial markets have spiraled out of control in light of the spread of the Corona pandemic. In my opinion, the cryptocurrency was devised for times like these exactly.

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On 3/3/2020 at 12:13 AM, Mohammad19930000 said:

I don't think cryptocurrencies are getting valued or falling because of the political world.

Cryptocurrencies have their world, their advantages, their fans, and their offshore sins that have nothing to do with the outside world.

Well, the political world has no connection to the cryptocurrency in terms of it's price, the price of it are just changed automatically for their own and all we need to do is to predict when the price of it will be increased to get some extra profit by doing holding.

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On 4/24/2020 at 8:07 PM, Jamesnachoog said:

Digital currency don't respond to outside crowd but it only listen to demand and supply of coins in the Cryptocurrency marketplace and I think that is only way you will see the price of coins rise in the market.

Indeed, supply and demand are the basis of the price in the cryptocurrency market, but the effect of news on prices is mixed and may be temporary. Even making news of the Corona virus I think has affected prices temporarily and currently Bitcoin is returning to its main base and rising.

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I will not say that it does not respond to what is limited in the world, but part or relatively of it affects the currency market in one way or another because it is also an important part in the economy on which the world is based, even though let's say that the encryption contains an important percentage of the data that roams the world The most important of them is related to banks and other financial institutions

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Учитесь, учитесь и учитесь на своих ошибках :classic_smile:

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The news that is circulated on a daily basis on social networking sites and news platforms greatly affects currency rates, especially for people who work within the field of encryption, because false news causes people to panic for that. We have to move away from believing everything that is written on the Internet

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I believe that crypto markets / exchanges are influenced by crypto related news and fake news and remain unchanged compared to the news of the so-called real world ...

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On 4/26/2020 at 8:24 PM, bitcoin-shark said:

I believe that crypto markets / exchanges are influenced by crypto related news and fake news and remain unchanged compared to the news of the so-called real world ...

Yes, unfortunately not all the news that we read are true news, but there are many of them are false news and have goals behind it. However, the more this problem becomes better understood, more options appear to fight it.

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I believe that Crypto is affected by the outside news but now when the world is struck by pandemic there is no effect I am seeing in the Crypto market. To I wonder whether there if the effect of social condition in the Crypto market

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On 4/25/2020 at 10:36 AM, Mcd0d0 said:

Well, the political world has no connection to the cryptocurrency in terms of it's price, the price of it are just changed automatically for their own and all we need to do is to predict when the price of it will be increased to get some extra profit by doing holding.

Yes I think that you are right because cryptocurrencies have tejir own self news and they are not listening to other news because i think tsht they are trying to be dependent because they don't want to rely on outside news that much

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On 5/18/2020 at 12:01 AM, P A Ashif said:

when the world is struck by pandemic there is no effect I am seeing in the Crypto market.

When the corona virus is bow spreading all over the world, the price of cryptocurrency coins and also the stock market are being affected from it because we're seeing the dumping side of it's price including bitcoin by reaching the $5000 which is not good.

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All financial markets are affected by political news because politics and economics are related to each other, and political news is related to economic news as well.

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Nowadays cryptocurrency market is independent enough and most outside world news don`t influence on this market, but some big news can change a lot on crypto market  

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I couldn't agree with all you said.. Because the supply and demand are affected by news too! So all cryptocurrencies would be affected because of some news .. And we saw that in the first spread period of corona virus! News can control the prices in the market in my opinion..

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The best things in cryptocurrency is to avoid most of this outside news because most of them are fake and will ended up making false predictions against your investment and will result in losing all your coins you invested. But rather make your own analysis make your investment is better than that of news.

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I think that the news of the world is more attentive to the cryptocurrency, and more precisely, it is not about news, but about States and various state bodies ! Because, this situation can actively show us the fact that the same change of the President in the country does not affect the growth of bitcoin in any way!

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At the present time, crypto is not considered influencing the global economy as a whole, but rather on specific regions without generalization But in the coming years, it will have an impact, firstly because the sobla increases in the market gradually over the years and secondly because of its adoption by countries as a means of payment instead of old financial transactions.

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Certainly, global news, whether political or other events, directly affects the crypto market and the prices of cryptocurrencies. If the US or Chinese president declares against Bitcoin, this will lead to a price drop bitecoin and vice versa

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Maybe in the past the cryptocurrency market was very much influenced by global news and politics, but now it's no longer, because news is only an issue so that the cryptocurrency world is not interested and abandoned, in fact the crypto world continues to develop, currently the cryptocurrency market continues to increase and while other financial markets are slumping because of the virus, cryptocurrency has gone up and is not affected. That means it is very different from the cryptocurrency market of the past.

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I saw the news and the market will effect with the world news a little bit. Like the forex market effect with the news becasue crypto is also the same market and it will pump and dumb with the news. So we need to watch the news and wait for the market pump than we sell our coins.


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I also believe that any global news affects the exchange rates of coins. For example, the news about the burning of some of the issued coins will affect the positive growth of the coin rate.

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It seems to me that the news has a very strong impact on the cryptocurrency exchange rate. Let's say that a country has allowed the use of bitcoin as a means of payment, which means that residents of this country will start buying cryptocurrency, so the rate will increase (a simple example).

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On 1/9/2020 at 3:31 AM, SuperCrypto said:

 

Coins are affected by news all the time, to the point that news analysis companies are now important drivers of stock values and commodity prices, with their highs and lows. However, can we say the same thing about the crypto market? Are they affected by global events, political developments and economic indicators?

The answer is no and yes. In the short term, digital currency markets and prices do not respond, for example, to the US announcement of trade tariffs, or the publication of a large country by its weak economic data. However, the overall growth of cryptocurrencies, especially in 2017, was and still is one of the causes of macroeconomic conditions, such as the spread of low interest rates and high availability of credit.

In other words, while it cannot be said that digital currencies do not respond to any of the global economic or political news, their growth as a whole can be said to be one giant response to the current state of the global economy.

that's because all investors take refuge in bitcoin and make their price go up and with it the altcoin also goes up

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Prime Minister Rishi Sunak stated that "economic instability is just the beginning." This sounds frightening, doesn't it? If this is just the beginning, what lies ahead? Surprisingly, despite this situation, the pound has been strengthening since 22 April. During this period, GBP/USD rose by 500 points and on 28 May recorded a local maximum at the round figure of 1.2800.   Regarding the timing of the Bank of England's (BoE) interest rate cut, everything also seems as foggy as the Thames mist. JP Morgan (JPM) analysts, while adhering to their forecast for a rate cut in August, warn that "the risks have clearly shifted towards a later reduction. The question now is whether the Bank of England will be able to ease its policy at all this year." Goldman Sachs, Deutsche Bank, and HSBC strategists have also adjusted their rate cut forecasts, moving the date from June to August.   GBP/USD ended the week at 1.2741. Economists at Singapore's United Overseas Bank (UOB) believe that the current strengthening of the British currency has ended. UOB considers that over the next 1-3 weeks, "the pound is likely to trade with a downward bias, but a more significant pullback would require breaking below 1.2670. On the other hand, if the pound breaks above 1.2770 (the 'strong resistance' level), it would indicate that it will likely trade within a range rather than pulling back lower."   The median forecast of analysts for the near term is as follows: 75% voted for the pair to move south, while the remaining 25% voted for a northward movement.   As for technical analysis, unlike the experts, all 100% of trend indicators and oscillators on D1 point north, although 15% of the latter signal overbought conditions. If the pair continues to fall, support levels and zones are at 1.2670-1.2700, 1.2575-1.2600, 1.2540, 1.2445-1.2465, 1.2405, 1.2300-1.2330. If the pair rises, it will encounter resistance at levels 1.2760, 1.2800-1.2820, 1.2885-1.2900.   No significant economic statistics are scheduled to be released in the UK next week.   USD/JPY: A Very Calm Week     The past week was surprisingly calm for the yen. USD/JPY moved within a super-narrow sideways channel of 156.60-157.00 for the first half of the week, but then, amid US data and Japanese macro statistics, the trading range expanded slightly to 156.36-157.70. Compared to the price swings at the end of April and early May, it's hard to believe this is the same currency pair. Interestingly, Japanese financial authorities have not officially confirmed whether they conducted intensive yen purchases on 29 April and 1 May to support its exchange rate. However, Bloomberg reports that comparing deposits at the Bank of Japan suggests that around ¥9.4 trillion ($60 billion) might have been spent on these currency interventions, a new monthly record for such financial operations.   However, if this $60 billion helped, it was only slightly – the dollar has already recovered half of its losses. Since interest rates in the US and Europe have not yet decreased, and the yen rate remains extremely low at 0.1%, officials from the Ministry of Finance and the Bank of Japan (BoJ) are trying to buy time until this gap starts to narrow. Comments from BoJ board member Seiji Adachi, who stated on 30 May that the Japanese central bank leaders could raise the interest rate, provided some support for the yen. However, the question of when this might happen remains open, and officials are reluctant to answer. In his traditional speech on Friday, 31 May, Japan's Minister of Finance, Shunichi Suzuki, reiterated that exchange rates should reflect fundamental indicators and that he would respond appropriately to excessive movements.   On Friday, 31 May, a block of important macroeconomic statistics on the state of the Japanese economy was released. The Consumer Price Index (CPI) in Tokyo showed that inflation rose to 2.2% y/y in May. In April, this figure was at 1.8%, matching a 26-month low. Core inflation in Tokyo also rose to 1.9% from 1.6% y/y, and the CPI excluding volatile food and energy prices increased from 1.8% to 2.2% y/y. (It should be noted that inflation in Tokyo is usually higher than the nationwide figures, which are published three weeks later. Therefore, the Tokyo CPI is a preliminary but not final indicator of inflation dynamics at the national level.)   The current rise in inflation could increase confidence in future BoJ monetary policy tightening. However, the fear of low inflation and a sharp yen appreciation deters the BoJ from raising the interest rate and narrowing the gap with other major global currencies' rates. A strong yen would harm national exporters. The decline in industrial production, which fell by -0.1% in April both month-on-month and year-on-year, does not encourage borrowing costs to rise.   The last note of the week for USD/JPY was struck at 157.25. United Overseas Bank (UOB) analysts believe that in the next 1-3 weeks, "the dollar has the potential for growth, but given the weak upward momentum, any advancement is likely to be slow. The 157.50 level might be difficult to overcome, and resistance at 158.00 is unlikely to be reached in the near future."   Speaking of the average forecast of experts, only 20% indicate a southward direction, while the remaining 80% adopt a neutral position and look east. Technical analysis tools show no such doubts or disagreements. Thus, 100% of trend indicators and oscillators on D1 point north, with 15% already in the overbought zone. It should be noted that if the green/north color of the indicators for the euro and the British pound indicates their strengthening, in the case of the yen, it conversely indicates its weakening. Therefore, traders may find it interesting to pay attention to the EUR/JPY and GBP/JPY pairs, whose dynamics have been impressive lately. The nearest support level is in the area of 156.25-156.60, followed by zones and levels at 155.50-155.90, 153.10-153.60, 151.85-152.35, 150.80-151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. The nearest resistance is in the 157.40 zone, followed by 157.70-158.00, 158.60, and 160.00-160.20.   No significant events or publications regarding the state of the Japanese economy are expected next week. CRYPTOCURRENCIES: Bullish and Bearish Ethereum Prospects   For the second week, market participants' attention has been focused on the main altcoin. On 23 May, the US Securities and Exchange Commission (SEC) approved 19b-4 applications from eight issuers of spot exchange-traded funds based on Ethereum. (According to JP Morgan experts, this was dictated not by a desire to support digital assets but by a political decision aimed at supporting Joe Biden ahead of the US presidential elections.) Whatever the true reason for this regulatory move, everyone is now interested in where Ethereum prices will go. The newborn ETH-ETFs can only start trading after the SEC approves the S-1 applications. According to Bloomberg analyst James Seyffart, this could take "weeks or months," although it is very likely to happen in mid-June. According to DeFiance Capital CEO Arthur Cheong, Ethereum's price could rise to $4,500 even before trading begins. CCData analysts believe that within 100 days of the launch of ETH-ETFs, the price could reach $5,000 per coin. This forecast is based on linear regression and the price statistics of bitcoin after the launch of spot BTC-ETFs. CCData's analysis assumes that inflows into similar Ethereum funds will be at least 50% of inflows into Bitcoin-ETFs, which means about $3.9 billion over a 100-day period.   Popular analyst Lark Davis has forecasted future growth for bitcoin to $150,000 and Ethereum to $15,000, explaining such a sharp price increase by the emerging market dynamics. The main reason for growth, Davis also cites spot BTC-ETFs, to which ETH-ETFs will now join. This will further fuel the cryptocurrency market's enthusiasm. Currently, spot BTC-ETFs hold 1,002,343 coins (≈ $68 billion), which is about 5% of the circulating supply of the flagship asset. Davis believes this impressive figure clearly indicates growing recognition of cryptocurrency and interest from institutional investors, especially from the US.   Strike CEO Jack Mallers predicts that during the ongoing bull rally, bitcoin could reach $250,000 and possibly rise in price to $1 million. On a podcast with Pomp Investments founder Anthony Pompliano, Mallers explained his bold forecast by stating that bitcoin is still at an early stage of development. According to him, the bond market is currently facing problems, so central banks may inject a significant amount of liquidity into the financial system to stabilize it. This liquidity influx will trigger an increase in the value of risky assets, including the leading cryptocurrency.   Jack Mallers disagrees with the notion that bitcoin is a bubble or a tool for speculation. The asset is becoming increasingly popular among financial giants on Wall Street, and its limited supply of 21 million coins makes BTC highly resistant to inflation, unlike fiat currencies and gold. "Bitcoin can be called the hardest form of money – thanks to the fixed issuance schedule and halvings every four years. The release rate of new coins gradually decreases, thereby increasing bitcoin's long-term value," argued the Strike CEO.   Analysts from financial investment company Motley Fool also target a six-figure number. They suggested that bitcoin's rate could rise to $400,000 and possibly even reach $1 million. The reason, which has been mentioned many times, is the influx of money from institutional investors through spot ETFs. Motley Fool analysts noted that more and more pension funds and hedge funds, managing multi-billion dollar sums, are entering the bitcoin market. Thanks to cryptocurrency ETFs, they can easily include bitcoin (and soon Ethereum) in their investment portfolios.   According to analysts, around 700 investment companies have already invested in such funds. Nevertheless, the share of institutional investors in bitcoin-ETFs is currently only about 10% of the total. Motley Fool estimates that if financial institutions invest about 5% of their assets in bitcoin, the market capitalization of the first cryptocurrency could exceed $7 trillion, which explains its forecasted rate of $400,000.   Considerably less optimism was heard in the forecast of Bloomberg senior analyst Mike McGlone. According to him, bitcoin's volatility leaves it trailing gold and the US dollar in investment appeal. Furthermore, he believes that stocks will soon crash amid the expected recession, but BTC will suffer even more than the stock market. McGlone emphasized that the Tether (USDT) stablecoin, pegged to the US dollar, typically trades twice as much per day as bitcoin. "I can access the US dollar anywhere in the world from my phone using Tether. Tether is the number one trading token. It's the number one cryptocurrency for trading. It's the dollar. The whole world has moved to the dollar. Why? Because it's the least bad of all fiat currencies," the Bloomberg expert stated.   While Mike McGlone merely downgraded bitcoin's attractiveness, Cardano founder Charles Hoskinson simply buried it. He equated bitcoin to a religion and stated that the industry has outgrown its dependence on it. According to Hoskinson, "the industry no longer needs bitcoin to survive." He pointed out critical threats to the leading cryptocurrency, including insufficient adaptability and dependence on the Proof-of-Work algorithm. Franklin Templeton analysts, on the contrary, consider L2 protocols, along with Ordinals, Runes, and DeFi primitives, as one of the main drivers of bitcoin's innovation revival. Strike CEO Jack Mallers defended the first cryptocurrency. According to him, the Lightning Network, created for instant and cheap transactions, a second-layer solution based on the BTC blockchain, can further increase the demand for the first cryptocurrency. Mallers believes that thanks to this, bitcoin can be used for everyday purchases, such as paying for a cup of coffee. Former BitMEX CEO Arthur Hayes called the native token of the Cardano blockchain (ADA) "dog shit" due to its low use in protocols.   As of the time of writing this review on the evening of Friday, 31 May, ADA is trading at 0.45 USD per coin, while bitcoin and Ethereum are faring significantly better: BTC/USD is trading at $67,600, and ETH/USD at $3,790. The total cryptocurrency market capitalization is $2.53 trillion ($2.55 trillion a week ago). The Bitcoin Fear & Greed Index remained almost unchanged over 7 days, staying in the Greed zone at 73 points (74 a week ago).   It should be noted that ETH/USD failed to break through the $4,000 resistance this past week. The local maximum was recorded on Monday, 27 May, at $3,974. The lack of an immediate pump is explained by the fact that everyone who wanted to buy Ethereum in anticipation of the SEC's historic decision already did so. Meanwhile, according to some analysts, there is a high probability that immediately after the launch of the long-awaited spot exchange funds, Ethereum will enter a deep drawdown, similar to what happened in January with bitcoin. Then, over 12 days, it fell by 21%.   One of the key reasons for BTC's drawdown at that time was the unlocking of GBTC fund assets from Grayscale, which was converted into a spot fund from a trust. It began losing investments daily at a rate of $500 million. It is possible that something similar could happen with Ethereum, where Grayscale's ETHE fund holds $11 billion worth of ETH. As soon as this fund is converted into a spot fund and its assets are unlocked, short-term investors might start taking profits, potentially causing ETH/USD to fall to the strong support zone of $2,900-3,200. Pessimists among bearish factors also cite the uncertain legal status of the altcoin, as the SEC has not yet clearly defined whether ETH is a commodity or a security. Additionally, the regulator has many complaints about the staking program.   Staking is a way to earn cryptocurrency by "locking" a certain amount of coins in a wallet on the Proof of Stake (PoS) algorithm to support the network. In return, the user receives rewards in the form of additional coins. According to Wall Street legend Peter Brandt, "the biggest disasters in the cryptocurrency sphere that are yet to happen will be related to staking." The expert noted that such assets as Ethereum are often rented out to earn such income, often in the form of interest, which strongly reminds him of collapsed financial pyramids. As staking becomes more widespread, Brandt warned, it could attract increased attention from central banks, treasuries, and other authorities. This could lead to tighter regulation, significantly altering the crypto space and potentially resulting in the cessation of staking and bankruptcies for those involved. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Даа, кроме нас на форуме остались рекламщики обменников и все). А у вас было монета not, он очень хорошо вырос. Надо было покупать сразу после листинга. Даа, упускаем моменты). Биткоин продолжает коррекцию делать, а я купил какие то щитки и вынужден ждать. 
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