Viewing a response to: @honarparvar/bitcoin-bearish-scenario-study
I think what the crypto community needs to consider - is what moves the market? I would suggest that public perception was behind the movement last year, and it will take a massive media story, or a revolution in btc usage in order for a major spike to happen. When cyrpto can be used easily on your cell phone for everyday transactions, there is no telling what the price may spike to. Great article. Cheers!
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| author | creatingutopia |
| permlink | re-honarparvar-bitcoin-bearish-scenario-study-20181103t092054947z |
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thanks for your kind comment. I also wish and hope for the day crypto penetrates many cellphones and handles ppl's transactions ๐ค
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| author | honarparvar |
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A common misconception. The reality is, the media reacts to the market, not the other way around. However, they will never admit to this because they like to pretend they are an authority.
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| author | richreeve |
| permlink | re-creatingutopia-re-honarparvar-bitcoin-bearish-scenario-study-20181103t174018115z |
| category | bitcoin |
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I donโt think that is completely true, they probably have an effect on each other. BTC will rise the more People think it will rise, how they come to this conclusion doesn't matter. Actuall price movement or just secondary information, when people buy, the price rises.
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| author | philsnow |
| permlink | re-richreeve-re-creatingutopia-re-honarparvar-bitcoin-bearish-scenario-study-20181104t065452236z |
| category | bitcoin |
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too bad, most of the investor and holder react to media, not acting on market movement.
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