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RE: Do the News and Events move the Cryptocurrency market? You'll be surprised.

in #bitcoin7 years ago

I agree Fear and Greed are big drivers but Could there be an argument for adding impatience to that list.. Take BTC right now it can't make its mind up to shoot up or down. I suspect a lot of inexperienced traders, new to crypto, who caught it at $3000 might get bored and cash in on profits rather than waiting until BTC decides which way to go ?

Just a thought

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afaik, this was certainly the case years ago (dumps by impatient btc traders), but now, dunno..

Just a thought but for sure Fear and Greed is what drive prices

What is the dual opposite of impatience? Patience. This is only a guised presentation of fear and greed.

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