The crypto markets are not listening to the outside world news

[Rosarvx 965]

the dates of the announcement of the main economic data, cryptocurrency market continues to increase and financial markets are slumping

[joemcgwa 3227]

Cryptocurrency can only not be used outside the world, but the news thats happened outside world they must bring positive or negative impacts to the cryptocurrency.

[Mosab73 333]

I think that the prices of cryptocurrencies are affected, up or down, by global news or policies. Let us remember a few days ago how the price of Bitcoin rose to $ 15,‭600‬ due to the US presidential elections and the world's preoccupation with it if the price of bitcoin in the short term was affected by a global political event

[Goyaa 2414]

I think the cryptocurrency market is not affected by the outside world or the news, the crypto market is affected by the price of bitcoin, the supply of bitcoin. If the supply of bitcoin is low, the price of bitcoin will go up and the market for crypto and other altcoins will go up. During the global crisis due to the corona virus, other financial markets were very affected by the virus, but the cryptocurrency market actually rose and became the highest since 3 years ago.

[hasaan 289]

The outside news is little bit influence the market, but not much. The outside world news may be little bit change the mind of the traders and that can cause the market investment system. But the btc is the best in her own way, and doesn't depend on any of the others source. 

[aisynawa310584 1086]

21 minutes ago, Goyaa said:

I think the cryptocurrency market is not affected by the outside world or the news, the crypto market is affected by the price of bitcoin, the supply of bitcoin. If the supply of bitcoin is low, the price of bitcoin will go up and the market for crypto and other altcoins will go up. During the global crisis due to the corona virus, other financial markets were very affected by the virus, but the cryptocurrency market actually rose and became the highest since 3 years ago.

The analysis is very good, I also think so, but what I don't understand is why "there is a condition" (meaning it doesn't always happen) where when bitcoin tends to go up altcoins don't go up, but when bitcoin conditions tend to go down altcoins immediately go down, that's what I still don't understand, can friends explain why?

[Zafarwaheed 0]

I think that's the good and interesting thing to be discussed related to the economic development. The news can't help to increase the price of the crypto and others digital currencies. But the advertisement helps a lot in this process. I think through media and many other sites will helps to understand about the crypto currency.

[Dorjoy12 8962]

1 hour ago, Zafarwaheed said:

The news can't help to increase the price of the crypto and others digital currencies

 I feel like you dont have any idea why crypto market up and down...  The main reason of crypto market up and down is others side news of world..  Such as last corona effect in  this world makes crypto market lot down and all currency price dump almost 50%..  Again last paypal news makes crypto market pump and especially btc price.. While the usa election also affected crypto market then how you can say that other side news of world dont affect on crypto world..           

[cryptovlek 2597]

You are right the low interest rates gave a big boost to Bitcoin and created the 2017 cryptocurrency explosive market. It is what drives the stock markets too into new heighs and may also create many problems to the fiat currencies that are keep printing in high rates. We hope that with Bitcoin we will be in better position from fiat.

[percare 3192]

There are times when everything can go down and we seen this this year when everything was dropping in price and even gold dropped a little but the safe haven assets and the new financial systems building on top of Bitcoin and cryptocurrencies have strong fundamentals to be the best investments of this century.

[bogdanoff 3173]

Regardless of the US elections and whoever is in control of the number one economy, the dollar is suffering, the deficit matters and central banks are making big mistakes with money printing bringing the financial system at the verge of collapse. There is where crypto markets are coming in and giving hope for something better and less chaotic.

[Zeshan Khalid 2577]

They don't listen to news as they are not affected adversely. Because anything that proves to be worst for fiat currencies is best for crypto currencies. Because people tend to get financial profit from cryptos once they get loss from fiat 

[Sykkuno 2887]

I know what you mean but they are listening and they are not cut off from the world, the Bitcoin marketis sometimes correlated to the stock markets and react as all assets do, and sometimes it is correlated to being a store of value. It is a different asset from the rest.

[Daddminna 27]

On 1/9/2020 at 10:31 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.

So far by information analysis especially in the global world of news centralize has make us realize that the rising and falling of economy is often determine and affected by crypto currency volatile and by this it as gain the attention of both government and private companies also individual entity by monitoring the crypto market news line 

[joemcgwa 3227]

I am not agreeing with that because if crypto does not listen to the outside world news! why cryptocurrencies was drop the time corona viruses become a seriously pandemic?

[decemberends 1881]

 True as things can are happen is barely even get affect on the crypto market value and the major changes that can happen only be such as when like covid 19 situations are happening and other critical stuffs (i dont know it all unfortunately)

[yonkii 3205]

I am sure that Bitcoin will perhaps stay around this price for a few weeks and begin a new accumulation phase that will send the price to new all time high during December. The news we have are very good for Bitcoin and there is nothing that will be bad for Bitcoin coming from the world. It is all news that are good for Bitcoin.

[Sykkuno 2887]

 

1 minute ago, norganblack said:

Every investment asset, no matter what its type, is affected by the news, even if it is bad or good, it always affects the price and demand for its assets.

You are correct there is not independence for crypto markets, they move with news that affect them too. If the world has problems the crypto markets also have the same as the rest. Most times the Bitcoin price is close to the stocks of the index standards and poor.

Edited November 10, 2020 by Sykkuno

[sarahmoses202020 251]

On 1/22/2020 at 11:17 AM, Lubruselu said:

No! The cryptocurrencies market also is listening to all outside world news which only have relationship to the cryptocurrencies such bankrupt

There are so many news that would cause a major change in crypto world. So it is worth listening to some news because of immense importance it has and how strong It's effect is.

[Teminali69 1081]

6 hours ago, bhande said:

I think that the crypto market will be affected by positive and negative news, but on condition that it is true and conformity to reality and the impact will not be immediate, but it will take a long time.

I think what mostly affects the cryptocurrency world is the panic of investors according to news, but not the news itself.

[Fixfin 2569]

In 2017 prices of stocks were also rising but the crypto prices were risen into a bubble. Some prices are not sustainable so there was a big correction that took two years of consolidation to start the recovery. Crypto prices follow the stocks in most times at around 80% of the times.

[Teminali69 1081]

35 minutes ago, sarahyes said:

@Teminali69I did not understand what you mean by the word "panic" ... I think that a professional in this field is not afraid of these things, but rather expects them even before they happen ...

You are right professionals do not panic easily but the majority of crypto users are non-professionals who are driven by panic and lack of patience.

[Mella 3680]

I am feel that some times the crypto markets are only moving on the own with no listen to anything, as you are said too. I am seen the prices move up and not matter any event like hacks even in crypto exchanges. I was scared with the OKEX exchange and I am thought it will bring price down, but this is what Bitcoin is, there is a course and follows with no change.

[annayks 2314]

The crypto market is listening and it making directions following events and major economic shifts. It is not very advanced or mature market yet but it is still growing and has a chance to grow more. Bitcoin is now on a high price and on a different course decoupling from the stock markets and moving different.

[Guru2050 8284]

I think BTC the first class coin, most valuable and expensive coin, the top leading and highly profitable coin has already taken care of that alone. It's the coin behind the faster promotion of the good image of crypto currencies to the outside world.