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RE: How I know the bear market is really over...

in #bitcoin5 years ago

That is good news...but in my time in trading crypto, I've found that it doesn't seem to actually react much to most news. There are always people that say it's dropping because of X news...but then later we find out that the actual reason was because some idiot dropped a fuckton on the market or someone did some kind of scam or something. Bitcoin traders have been steeled to bad news. That might change when more newbs get into bitcoin again. But so far, even when they do, if they're actually in the crypto community, they get steeled to negative news pretty quickly.

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There is some truth to this. It mostly depends on the magnitude of the news. Most of the news doesn't affect things fundamentally, which means prices don't react, but the few times we have had news that could change things fundamentally, the price has tended to move.

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