The crypto markets are not listening to the outside world news

[Dark_Sky 8489]

On 1/9/2020 at 5:31 PM, 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.

Also the coins can be affected by the world crisis for example the problem that the world facing right now due to corona virus. 

It can affects the coin price value which lead to the coin price to turned to  low amount. 

[SuperCrypto 7193]

4 hours ago, Dark_Sky said:

Also the coins can be affected by the world crisis for example the problem that the world facing right now due to corona virus. 

It can affects the coin price value which lead to the coin price to turned to  low amount. 

Your words are true, and in general the entire global economy has been affected, not only Bitcoin, but Bitcoin's steadfastness in front of this crisis and its exit from it with a victory will prove its strength in the face of crises.

[Zaino34 0]

I think that external news can affect cryptography, as well as the ongoing economic war between countries has the greatest impact on cryptography and recently the impact of Corona virus significantly on the price of digital currencies.

[Franco77 10]

I would say that rumors can affect Bitcoin prices as well (and Welcoins too), though these rumors do not need to appear in the news. But I agree that Bitcoins seem pretty stable from reports published in the news and it doesn't even react to every small political or world event .Most crypto news sites are poorly run, and the articles they write amount to hype pieces. That's why I no longer follow crypto news media, and mainstream media is no better

[SuperCrypto 7193]

News is one of the most influencing effects. Therefore, the law, companies, financial institutions and regulations need time to keep pace. The decisions made by these institutional powers influence the value of the cryptocurrency. But the old rules system does not apply to this modern technology.

[Treat1234 0]

I have the same experience that cryptocurrency coins have not been affected by any news outside the world, what I realized is that cryptocurrency is for nobody and it won't depends on some countries

[Brushless4500KV 4214]

This is wrong because I have seen several times that some important news could affect the market to a large extent and prices changed significantly after the news was published. Always read news before crypto investment because they are one of the most influencing signals in trading especially news about global economy. Bad news can create negative sentiment and vice versa. The recent crash that upset the market has no reason but the news about the disease.

[malik6314193 5449]

Yes market always affected by both positive and negative news but we can't say about crypto currency market. Now due to corona first it goes down but now it is coming up. 

[deepown 0]

7 hours ago, Treat1234 said:

I have the same experience that cryptocurrency coins have not been affected by any news outside the world, what I realized is that cryptocurrency is for nobody and it won't depends on some countries

What about the news of corona virus, has it not affected crypto as well?

[Whited35 15285]

I think crypto world will also get affected from the outside world news. Sometime media's false information can also cause the extreme price raise and fall in the cryptocurrency market. Media hypes give  the wrong impressions to the investors, I think so. 

[Michael0606 861]

I tell you why, to many of the traders the market has given us to understand that Bitcoin or Cryptocurrencies do not listen to news and most of the news, they are deceptive they seek to liquidate you if you are leveraged, this is moved by large companies, they feed  from losses, from rookies to rookies always follow the news.

[Calvinpriva 17296]

Not all news its good to listen and trust because in news there are scammers and hackers too, they can write anything what they what and they may affect your mind, then you will never believe in crypto again. If you need to be successful, sometimes you don't have to listen to the outside voices because you may give up because of them.

[Treat1234 0]

On 3/25/2020 at 7:55 PM, deepown said:

What about the news of corona virus, has it not affected crypto as well?

The inception of corona from the first starting point has no effect on bitcoin, but as the virus spread to other continents that lead to the closure of borders, transportation, then bitcoin react to it immediately

[deepown 0]

3 hours ago, Treat1234 said:

The inception of corona from the first starting point has no effect on bitcoin, but as the virus spread to other continents that lead to the closure of borders, transportation, then bitcoin react to it immediately

That is a good point, so it was not a direct impacts, just a collateral damage, that is somehow good news, isn't it?

[SuperCrypto 7193]

Bitcoin is affected, for example, by Halving news. The price of bitcoin has increased in recent years every six months before the Bitcoin halfway occurred because of this news, and in each case it continued to exceed its highest price ever within one year of the half event.

[Treat1234 0]

On 3/27/2020 at 10:44 PM, deepown said:

That is a good point, so it was not a direct impacts, just a collateral damage, that is somehow good news, isn't it?

It seems to be bad news to the world, but in the world of cryptocurrency it is a good news, because people were able to buy bitcoin as low as $4000, they are ready for bull run soon

[deepown 0]

5 hours ago, Treat1234 said:

It seems to be bad news to the world, but in the world of cryptocurrency it is a good news, because people were able to buy bitcoin as low as $4000, they are ready for bull run soon

Bull run was very soon coming before the corona virus outbreak, but now we have no idea what coming next, let's admit it.

[DokAgsikap 145]

7 minutes ago, Veniatrs said:

I often hear the crypto market doesn't listen to outside world news. But the reality is not like that, the fact is since the rise of the covid-19 virus and the weakening world economy, the price of bitcoin has also fallen, in this March the price of bitcoin has fallen to 5,000 - 6,000 USD.

News from the outside world do affects btc and other crypto markets. It also affects ina way that it can really make the market crash or make the market go to it ATH.

[SuperCrypto 7193]

The currency rate usually rises when new developments and partnerships are announced, and it decreases when there are rumors, breaking news or new restrictive legislation. The market is affected by this type of news.

[BrolySSJ 7899]

an example of how the crypto industry is affected by the news can clearly be seen at the moment with the strain that the corona virus is placing on many economies all over the world. This pandemic has caused many markets to crash, and it has also caused many of the crypto prices to plummet with the price of bitcoin even going below $5000, and dropping by over 2000 dollars in a single day.

[SuperCrypto 7193]

When fully relying on technical analysis, we notice that the cryptocurrency market does not move as expected most of the time because there is some news that can cause a sudden movement of the market.

[Nezar 7169]

Yes, I believe that the crypto market is affected by the global economic market, and we can find out a misfortune through the price that the currency has reached since the beginning of the Corona virus. The effect of this virus on the economic market and also on the crypto currency market

[Mohssine 1725]

I think the market listen , because when this problem of corona virus start , the market of cryptocurrency was down more than 50% , and that is a really bad for the market , so the market listening to outside world news.

[SuperCrypto 7193]

16 hours ago, Mohssine said:

I think the market listen , because when this problem of corona virus start , the market of cryptocurrency was down more than 50% , and that is a really bad for the market , so the market listening to outside world news.

Yes, there are types of news, some of which affect the prices of cryptocurrencies and the price moves because of these news, some of which pass safely and do not affect the market in general, and the Corona virus affected all global markets and not only on crypto markets.

[BrolySSJ 7899]

Crypto markets are affected by the global news as these affect the economies of the countries globally which will in turn affect the supply and the demand of the crypto. And as we all know, the price of crypto is dependent on the supply and the demand curve and when the news reports that there is financial problems, this means that demand will go down and hence the price will also decrease to try and promote sales. So yes, the news does affect crypto as it affects the supply and demand of the coin.