5Lun
Bitcoin: The controversial thing is that the attack supposedly helped Trump to win the election and he is currently "pro-Bitcoin". And then he still wants to speak at the Bitcoin conference. So Bitcoin thinks that's good.
Now a deeper question, is the price "only" controlled by supply and demand? According to the thesis above, everyone is hoping that bitcoin will rise. So get in quickly before it goes up.
Or even on algorithms, the price evaluates information/news and rises or falls. Then there would have to be an AI behind it, stock market prices have been around for decades. So AI has been around for decades. I think I'm on the trail of something really big, I'm informing Galileo Mystery.
Now a deeper question, is the price "only" controlled by supply and demand? According to the thesis above, everyone is hoping that bitcoin will rise. So get in quickly before it goes up.
Or even on algorithms, the price evaluates information/news and rises or falls. Then there would have to be an AI behind it, stock market prices have been around for decades. So AI has been around for decades. I think I'm on the trail of something really big, I'm informing Galileo Mystery.
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@Joris The market is basically only driven by supply and demand. Many others have the same assessment as you mentioned. Many people have money, which flows into the market in precisely such phases and is then taken out again at a profit. News trading is done by many more. But it's often the case that by the time you or I get this news, the big players already have their pockets full.
This always plays well in the crypto sector. But you also see the same thing with other indices or in specific sectors. You know that behind every buy is a sell. This news, like this weekend, because Trump is very pro-Bitcoin and this action has ultimately strengthened him, gets everything going that has to do with him. Whether it was the Trump meme coin, your share or Bitcoin, which he is very fond of. That's what the big players try to play and kick something loose. They then sell piece by piece as it rises, without harming the market and continuing to profit from the rise.
This always plays well in the crypto sector. But you also see the same thing with other indices or in specific sectors. You know that behind every buy is a sell. This news, like this weekend, because Trump is very pro-Bitcoin and this action has ultimately strengthened him, gets everything going that has to do with him. Whether it was the Trump meme coin, your share or Bitcoin, which he is very fond of. That's what the big players try to play and kick something loose. They then sell piece by piece as it rises, without harming the market and continuing to profit from the rise.
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