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RE: Curious why Bitcoin is suddenly going up?
the news is the charts.
=/=
The charts are merely a reflection of the views of the masses based on their interpretations of the news.
=/=
It is all based on sentiment and speculation, which is dictated and influenced by the news.
This last one is an especially interesting paradox.
No tech/ fundamental/ geopolitical/... influence on the charts?
Yea
Lol I didn't say there was none, but fundamental and geopolitical can also come in the form of news that fits nicely in the speculation and sentiment categories... For example, it is reported that Argentina is experience a currency crisis, people buy bitcoin because they expect Argentinians to buy bitcoin. The price starts going up, the media reports about how bitcoin is going up, so more people jump in. The news itself didn't cause prices to go up, people did, but those people are influenced by the news. I think in a round about way we are sorta kinda saying the same thing. The charts are a reflection of all the actions by people, but people are influenced by news, so in a round about way, all news is reflected in the charts.
The price goes up or down if a whale buys.. or more whales do..
They are not influenced by news
But I get ur point. Would be more clear if u were saying the new is like many other things reflected in the chart.. but then you could also say everyhing is reflected in the charts