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RE: Bitcoin bearish scenario study
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.
I don’t 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.
too bad, most of the investor and holder react to media, not acting on market movement.