White House (USA) hosting a crypto summit tomorrow (Friday March 7)

[tequilla_sunset]

All markets are moved by liquidity no matter how big or small it is. Aside from the following by the market is built on liquidity itself there will be problems of crazy volatility levels if those liquidity is tied to a small circle of investors. However for the case of Bitcoin that is not the scenario.

The thing is big investors have the ability to create FOMO but that doesn't necessarily mean that is they alone can pioneer a huge movement. It is the combined force of the liquidity of this big firms in that of scared investors that move the market the most.

As we can see, some can create FUD too, though not directly targeted at crypto market, it affects it too 

[Mia Chloe]

As we can see, some can create FUD too, though not directly targeted at crypto market, it affects it too 

It's all based on simple economics concept. Many things affect the crypto ecosystem as long as it affects the general world market it will affect the price movements of different crypto currencies in one way or the other. This means it will either create an uptrend , downtrend or in some cases create a consolidation.
Don't forget that most of these currencies are pegged to fiat especially in trading environments so trading them affects it too.

[MarcuB]

As we can see, some can create FUD too, though not directly targeted at crypto market, it affects it too 

It's all based on simple economics concept. Many things affect the crypto ecosystem as long as it affects the general world market it will affect the price movements of different crypto currencies in one way or the other. This means it will either create an uptrend , downtrend or in some cases create a consolidation.
Don't forget that most of these currencies are pegged to fiat especially in trading environments so trading them affects it too.

I've noticed how crypto prices seem to bounce around because of stuff happening all over the world, like big market news or how people are feeling about investing. Sometimes, all that fear and doubt, what people call FUD, makes prices dip quick and I'll admit, it freaks me out a little when it happens. But when I zoom out, I see the real direction comes from how many people start using crypto and the solid stuff behind it, like its basics holding up. Since a lot of these coins are tied to regular money. I've learned that when the economy shakes, my crypto stash feels it too. It's like getting a clearer map to decide when to jump in or hold tight.

[dave_strider]

It's all based on simple economics concept. Many things affect the crypto ecosystem as long as it affects the general world market it will affect the price movements of different crypto currencies in one way or the other. This means it will either create an uptrend , downtrend or in some cases create a consolidation.
Don't forget that most of these currencies are pegged to fiat especially in trading environments so trading them affects it too.

Yeah, many things affect the current situation, but mostly - when it hits the trade and overall situation and confidence of the investors.

Once these points are struck, prepare for trouble.

[Mia Chloe]

I've noticed how crypto prices seem to bounce around because of stuff happening all over the world, like big market news or how people are feeling about investing. Sometimes, all that fear and doubt, what people call FUD, makes prices dip quick and I'll admit, it freaks me out a little when it happens.

I think you are not getting quite the whole gist. Basically this cryptocurrencies are tied to fiat or a stable currency like usdt in most trading environments. The problem isn't actually these fundamentals I think one of the major problems we have is the FOMO in the market.

Yes these fundamentals create the stir up in the crypto space but most times they are not the only cause. The FOMO created most times add up to the momentum that's why the moves are massive most times.

[yohananaomi]

From the period of when the US election was closed up until after the election was over and trump was inaugurated they have been a lot of events on the crypto space generally and most of them seem to be coined by news and occurrencies related to the US or Trump.

The question is how much effects will this particular event hold...? This is because most of the time this event creates a decent amount of FOMO in the ecosystem causing price to move drastically in either direction.

As long as Donald Trump continues until the end of his regime, there will definitely be FOMO at intervals, most of the time the price of bitcoin will go either ways. I think the effect of Donald Trump will still play out despite the current market downtrends movements.
In addition, there could be more events, like speculations, positive news that can increase demands during this regime, hopefully, an altcoins season is what many people are anticipating, probably in this year.

It is true that what you said could happen, especially since we know that DT has indeed given instructions for their crypto reserves. All policies carried out by DT are the impact of all market movements, although maybe now it is the opposite and the trend are actually down because everything has an impact, and it is natural to happen, and it is not impossible that one day this will be reversed to be better, all depending on the next DT policy.

[Mia Chloe]

It is true that what you said could happen, especially since we know that DT has indeed given instructions for their crypto reserves. All policies carried out by DT are the impact of all market movements.

I think it's basically not a new thing that the US is actually implementing bitcoin results basically because of pumps in the future they are speculating. Nevertheless my best guess is I hope that the reserves aren't actually used to manipulate price like some other big firms do sometimes.
The thing about the do called trump effect is more of a manipulation thing. I believe a lot of people in the crypto ecosystem are pissed at how often prices shift to either the upside or downside.

[JoyMarsha]

Since other crypto tokens are going to be considered differently, then I could only say this might not help altcoins to have a bullish market. They only mean to pick which altcoins are going to sky rocket. So if you are holding a token that isn't on their list, I guess its time to abandon them.

I disagree with your thoughts that they only selected altcoins for the US reserve will be the ones to give many profits in this bull run; others that weren't selected won't give as much profit as anticipated.

That's all lies The crypto market doesn't work like that. The US-selected coins don't dictate the fate of other altcoins in the upcoming bull run because most altcoins will soar as Bitcoin controls the market price movement. If Bitcoin increases or decreases, the majority of altcoins will do the same, following the movement of Bitcoin price.

[Mia Chloe]

I disagree with your thoughts that they only selected altcoins for the US reserve will be the ones to give many profits in this bull run; others that weren't selected won't give as much profit as anticipated.

Wow this actually seems interesting . A couple of weeks ago I can still vividly remember some discussions where they made mention of the US speculating the addition of a couple of other crypto currencies to the bitcoin reserves but I thought they never did add them to the reserves or did they?

Anyways altoins are really volatile and based on their market cap don't you also think that reserves would definitely affect prices obviously?

[yohananaomi]

I disagree with your thoughts that they only selected altcoins for the US reserve will be the ones to give many profits in this bull run; others that weren't selected won't give as much profit as anticipated.

Wow this actually seems interesting . A couple of weeks ago I can still vividly remember some discussions where they made mention of the US speculating the addition of a couple of other crypto currencies to the bitcoin reserves but I thought they never did add them to the reserves or did they?

Anyways altoins are really volatile and based on their market cap don't you also think that reserves would definitely affect prices obviously?

I think the speculation by the US to add some potential altcoins to their reserve could be very good news, but it could also have another impact if they don't intervene, if there is going to be a deep correction. There are always two sides to the decision they make, and we are just waiting for the news whether this will bring something positive or not.
Anyway, as a superpower, it will always be awaited whether their actions will provide negative or positive sides.

[Cryptsafe]

I think the speculation by the US to add some potential altcoins to their reserve could be very good news, but it could also have another impact if they don't intervene, if there is going to be a deep correction. There are always two sides to the decision they make, and we are just waiting for the news whether this will bring something positive or not.
Anyway, as a superpower, it will always be awaited whether their actions will provide negative or positive sides.

Yes they are super power but I don't believe their decision holds any water anymore as they have been joking with the crypto community long enough. The community tends not to react to what ever decision or news that comes from them anymore as we can see from the last Crypto summit held at white house. The Crypto community and market didn't react to it and that should send some signals to them.

[Mia Chloe]

Yes they are super power but I don't believe their decision holds any water anymore as they have been joking with the crypto community long enough. The community tends not to react to what ever decision or news that comes from them anymore as we can see from the last Crypto summit held at white house.

Well although it may sound like it, the thing is we still have a lot of scared investors In the Market out there and basically that is a clear indication that FOMO is still a problem to be concerned about that will still have a huge effect on how volatile the market will adjust.
The US is a strong country and they have a big economy too and regarding liquidity effects on the market, they will definitely have an effect wether we like it or not.

[Baofeng]

Yes they are super power but I don't believe their decision holds any water anymore as they have been joking with the crypto community long enough. The community tends not to react to what ever decision or news that comes from them anymore as we can see from the last Crypto summit held at white house.

Well although it may sound like it, the thing is we still have a lot of scared investors In the Market out there and basically that is a clear indication that FOMO is still a problem to be concerned about that will still have a huge effect on how volatile the market will adjust.
The US is a strong country and they have a big economy too and regarding liquidity effects on the market, they will definitely have an effect wether we like it or not.

It's not that they are scared, it's that what has been announced was not what we are expecting or wanting to hear that's why the crypto summit at least for me was a failure.

And since then, there was no movement in the price as we are still trading sideways 2 weeks after that summit. Although there is some announcement again from Trump, it didn't have any effect on the market.

[Cryptsafe]

Yes they are super power but I don't believe their decision holds any water anymore as they have been joking with the crypto community long enough. The community tends not to react to what ever decision or news that comes from them anymore as we can see from the last Crypto summit held at white house.

Well although it may sound like it, the thing is we still have a lot of scared investors In the Market out there and basically that is a clear indication that FOMO is still a problem to be concerned about that will still have a huge effect on how volatile the market will adjust.
The US is a strong country and they have a big economy too and regarding liquidity effects on the market, they will definitely have an effect wether we like it or not.

It's not that they are scared, it's that what has been announced was not what we are expecting or wanting to hear that's why the crypto summit at least for me was a failure.

And since then, there was no movement in the price as we are still trading sideways 2 weeks after that summit. Although there is some announcement again from Trump, it didn't have any effect on the market.

Obviously, the community was expecting some positive outcome much more than the previous to spike up the Crypto market but were greeted with less than they expected and that seems like  a joke and it was never a positive response from both sides. I believe that made the market seems like nothing happened with the price of Bitcoin trading tow sideways.

[Baofeng]

Yes they are super power but I don't believe their decision holds any water anymore as they have been joking with the crypto community long enough. The community tends not to react to what ever decision or news that comes from them anymore as we can see from the last Crypto summit held at white house.

Well although it may sound like it, the thing is we still have a lot of scared investors In the Market out there and basically that is a clear indication that FOMO is still a problem to be concerned about that will still have a huge effect on how volatile the market will adjust.
The US is a strong country and they have a big economy too and regarding liquidity effects on the market, they will definitely have an effect wether we like it or not.

It's not that they are scared, it's that what has been announced was not what we are expecting or wanting to hear that's why the crypto summit at least for me was a failure.

And since then, there was no movement in the price as we are still trading sideways 2 weeks after that summit. Although there is some announcement again from Trump, it didn't have any effect on the market.

Obviously, the community was expecting some positive outcome much more than the previous to spike up the Crypto market but were greeted with less than they expected and that seems like  a joke and it was never a positive response from both sides. I believe that made the market seems like nothing happened with the price of Bitcoin trading tow sideways.

Probably it's a good thing though, if the market is going to trade sideways then we should take advantage of it and continue to accumulate. Regardless of the news, I think we are still in the bull run, so with that, the price is going to peak in the last quarter of the year, it's just how big the price will be.

Currently though we have some sort of a rally to $88k-$89k, but the biggest barrier to break at the end of the month is $90k, with or without the Bitcoin reserve news.