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[microunit]

Investors who invested in bitcoin are now much more positive about bitcoin just a week after the halving. We can note that the downfall of bitcoin last 2018 gathered alot of negative criticism from investors. Can the positive views and reactions of investors be a driving force to raise the price of bitcoin?

 

[SCAMEXPOSER]

It could be a driven factors, I guess most of them were disappointed in the year 2018 with the sudden and unprecedented fall in the price but since the rise and fall of the price has not been that alarming or scary. Investor could predict the maximum fall now and possible rise.

 

[microunit]

It could be a driven factors, I guess most of them were disappointed in the year 2018 with the sudden and unprecedented fall in the price but since the rise and fall of the price has not been that alarming or scary. Investor could predict the maximum fall now and possible rise.

Yep i heard lots of people invested tons of money on bitcoin during the high time rise on December 2017 , but was quickly devoured by negativity and disappointment the next year

 

[microunit]

Positive views and reaction cannot necessarily drive the price of bitcoin. One main thing that is driven by the price is the supply and demand. Also whales have a small impact on the prices but for the investors the more the request for bitcoin in their numbers then maybe the prices could rise

It might not directly affect the price of bitcoin true but it will affect peoples thinking towards bitcoin , this can result in reinvestors or new investors whereas increasing the demand as you speak of

 

[microunit]

Reviews on bitcoin dont change anything in the market especially the price. The main thing is to buy more and sell more that is the demand and supply of a particular coin that can really help it to increase its value. But bitcoin is looking good after this halving though its not as big as we expected it to be

Let's say if tons of people of people have negative views about bitcoin . Do you think they will still use it or invest on it? How would you convince them to use bitcoin? Where would the demand be if people would stop using bitcoin because of the negative views?

 

[SCAMEXPOSER]

It might not directly affect the price of bitcoin true but it will affect peoples thinking towards bitcoin , this can result in reinvestors or new investors whereas increasing the demand as you speak of

If it redirect their thinking it will definitely determine if they will invest or not, their reinvestment increase the trade volume and a boost to bitcoin. Reactions are key especially positive ones.

 

[microunit]

If it redirect their thinking it will definitely determine if they will invest or not, their reinvestment increase the trade volume and a boost to bitcoin. Reactions are key especially positive ones.

Yep , that is the point I'm getting to the ones who do not believe that that positive reactions doesn't affect bitcoin price, they probably don't observe crypto news

 

[microunit]

Because nowadays bitcoin have a big amount in trading compare to the others. Its increase after the halving and some are enjoying. Thats why its better to keep bitcoin to your wallet. Sell it if the price is right for you.

Bitcoin only seems to have big amount in trading because of its price per coin , if you observe other coins movement in the market you can see other coins have more massive trading movement

 

[microunit]

This is a good observation, I also noticed that I Bitcoin rise by 10% another coin can rise by 15% but because it is not popular or has low volume people don't notice it

Yep agree that most people don't notice this as they are tunneled vision to bitcoin or just the top ranking coins , some coins even have 100%+ movement in a week while bitcoin is just 10%

 

[Brain]

Positive views and reaction cannot necessarily drive the price of bitcoin. One main thing that is driven by the price is the supply and demand. Also whales have a small impact on the prices but for the investors the more the request for bitcoin in their numbers then maybe the prices could rise

Yeah you are right,I don't think only reaction both positive or negative can be the driving force for prices I think believe it will always be the forced of demane and supply.

 

[SCAMEXPOSER]

Reactions of members about bitcoin play very important role in deciding how popular the bitcoin is going to be. If people will start talking negative about bitcoin less and less people will take interest in bitocoin.

You are right people determine the life span and value of bitcoin, the good thing is that people have been very positive about bitcoin so it is growing.

 

[youssef1]

Yes, my friends, in some cases, for the views and positive reactions of investors, can be a driving force to raise the price of Bitcoin.

 

[microunit]

People reaction to the rising and falling is an aspect that drive the market either in the bull direction or in the bear direction, greed and fear also affects the markets .

well overgreediness can make people over invest making the price rise and fear can make them sell or even ignore the market for a while and just make them observe

 

[Balint098]

Maybe one of us should mae a viral video and then post it on TikTok so that the price of bitcoin can quickly rise just like what happened to dogecoin a while back lol.

 

[microunit]

Maybe one of us should mae a viral video and then post it on TikTok so that the price of bitcoin can quickly rise just like what happened to dogecoin a while back lol.

I don't know how will that affect the tiktok community as I think they've been negatively affected by that time with dogecoin tiktok

 

[microunit]

Good to see that reaction of investors is way more different than in it was is 2018, Bitcoin is improving itself making it's members more happy.

it's not that bitcoin is improving, bitcoin is still same as it was 2 years ago, just that more and more peole are getting acquainted and seeing the positive sides of bitcoin