You mention change in your video. I wonder if sentiment will be changed as a result of the G20 meeting that begins tomorrow? It seems that we are coming close to a crucial juncture in bitcoins short to medium journey. What (if anything) is announced by the G20, how that is picked up by news reports and traders around the world and how that may impact on price is of course anyone’s guess.
You are viewing a single comment's thread from:
Why is the value of the bitcoin so susceptible to news?
Look into groupthink. Bitcoin is a social experiment so ny default the thongs thay drove social discourse will drive price.
.
I agree with @accra and @h00pla85 - With Bitcoin we also have to remember the major influence that social media including platforms like Steemit can have on the way people think and this only heightens the fear or confidence mentioned above. However, as I said in my OP it's very difficult to really measure what impact an individual news story has on the price of bitcoin because it's impossible for us to know how individuals will interpret the news and then act on it.