Every time D-Land strikes, the higher the Bitcoin price rises, why?
I've said it so many times: the rise and fall mainly depend on the mood of the project team.
Don't believe it? Then go find a project team's company, work there, even if it's just cleaning the women's restroom, you can understand the truth.
Of course, as the cryptocurrency world is dominated by the U.S., the price trend is increasingly correlated with the U.S. stock market.
Those who say that non-farm payroll data has no impact basically have no entry into the market and even less understanding of economics and finance.
Non-farm payroll data affects the Federal Reserve's interest rate meetings, which in turn affects borrowing rates, and the borrowing rates of institutions directly impact market liquidity. When rates are low, institutions can buy various financial assets (including Bitcoin) at lower costs, causing a certain degree of price increase.
As the cryptocurrency world becomes more like the U.S. stock market, this influence is continuously rising.
Of course, trying to judge trades based on these macroeconomic indicators is nonsense.
Because you don't know when institutional money will enter the market, and you have no idea which coin their money will go into. Furthermore, a coin sometimes has more than one major player, some are long, some are short, how do you judge?
Moreover, for traders, macro data is just one indicator, not the only information for final decision-making.
There are various factors influencing the market: the Federal Reserve, retail investor sentiment, the project team's mood, etc. So what is the most important factor?
Answer: the boss's mood.
That's right, in the cryptocurrency world, due to the project team's high level of control, there are no messy legal restrictions.
If the project team wants it to rise, it rises; if it wants it to fall, it falls, it's that smooth.
As for those cryptocurrency influencers online, they are essentially scammers. If they really had skills, would they need to come online to trade for commissions?
Okay, let's assume they really spend all night listening under the project team's bed, but here's the question: can you get that kind of information to tell you? Impossible.
The cryptocurrency world is a zero-sum game market; what you lose is what I gain. If there were insider information, even a wife or child wouldn’t tell, let alone tell strangers online?
Any idea of wanting to profit by predicting the industry, in my view, is extremely naive; it's essentially self-deception. So how can one make money in the cryptocurrency world? Pay attention, I hope this helps you. I've been in the cryptocurrency world for 9 years, and I love to speak the truth. If it helps, feel free to like and follow!
