I feel those are the true investors of Bitcoin that used the opportunity to buy with the slightest market dump. This is the kind of growth we need. No the type of one been influenced by a single man.
Yes, we want more people to invest in cryptocurrency but not the type that occurred within the last few weeks. Those kind of growth is not good in the long run.
Topic: Have you noticed that recently Bitcoin went up without big news? (Read 278 times)
February 24, 2021, 09:30:02 AM
It is just simply a part of it where news and fundamentals does give out some significant impact in the market.There are lots of things that do happen behind without even us knowing on whats actually in the process.
Matter most with simple supply and demand when we do talk about moving prices because thats how the market works.If you are a trader or investors that do heavily rely with fundamental analysis then it is somewhat hard
to make out some positions because not all the times we are really seeing news and events.
Honestly that is the most scary part as well. Let's say that TA shows that bitcoin should 10x tomorrow, it is on a huge breakout deal and it is looking awesome, change bitcoin with a tiny altcoin if you want to make it more believable. If Elon musk tweets "this coin sucks it is so bad" you will see that coin crash anyway, even if TA showed a promising future. Or vice versa as well, it just doesn't make sense.Matter most with simple supply and demand when we do talk about moving prices because thats how the market works.If you are a trader or investors that do heavily rely with fundamental analysis then it is somewhat hard
to make out some positions because not all the times we are really seeing news and events.
Crypto prices should not be depending on other people so much, it should not be so volatile because some people said some things, sure maybe governments could be changing it because if USA says they are considering banning bitcoin exchanges in USA, that could impact it a lot but that is about law and order, not about what some people think. Hence I believe crypto is still too volatile for now, we still need to grow about 20x become a bit more stable.
February 24, 2021, 09:04:15 AM
hatshepsut93, we can't know what's going on in the OTC market, and that's where most of the purchases involving big players like MicroStrategy or Tesla seem to be happening. If we look at the situation with Tesla, they reportedly made their purchase sometime in January, and the news became public perhaps a month later and no doubt had an effect on the sharp rise in price.
If none of the companies had admitted it publicly, I don't believe the price would have been this high - after all, these are all companies that are globally known and have a great influence on public opinion. The question was always asked "When PayPal will join to BTC race", or "When will Musk buy BTC" because many wanted to get confirmation that BTC is not a scam/Ponzi that will collapse and disappear sooner or later.
I think there’s still enough BTC in the open market (let someone correct me if I’m wrong), so then price isn’t just a result of supply and demand - since OTC doesn’t directly affect price.
If none of the companies had admitted it publicly, I don't believe the price would have been this high - after all, these are all companies that are globally known and have a great influence on public opinion. The question was always asked "When PayPal will join to BTC race", or "When will Musk buy BTC" because many wanted to get confirmation that BTC is not a scam/Ponzi that will collapse and disappear sooner or later.
I think there’s still enough BTC in the open market (let someone correct me if I’m wrong), so then price isn’t just a result of supply and demand - since OTC doesn’t directly affect price.
February 24, 2021, 04:59:02 AM
Bitcoin never "needed" news to go up, this is a "all thumbs are fingers but not all fingers are thumbs" type of situation where a great news would make it go up of course but it could go up without a great news as well, it is not a must and that is what we had on that recent run.
This doesn't mean that great news like tesla buying, microstrategy buying or something becoming more relax in regulations etc etc whatever good news is would be bad for us, I would love to hear Apple buying 5 billion dollars worth of bitcoin for example, not saying that would happen but if it were to happen that would be amazing and increase the price insanely high, probably closer to 70k as well. However just because that would be awesome doesn't mean that the price will go back to 10k unless Apple buys bitcoin, it doesn't work like that and we should not be making that a must neither.
This doesn't mean that great news like tesla buying, microstrategy buying or something becoming more relax in regulations etc etc whatever good news is would be bad for us, I would love to hear Apple buying 5 billion dollars worth of bitcoin for example, not saying that would happen but if it were to happen that would be amazing and increase the price insanely high, probably closer to 70k as well. However just because that would be awesome doesn't mean that the price will go back to 10k unless Apple buys bitcoin, it doesn't work like that and we should not be making that a must neither.
I never said that Bitcoin can't rise without news, this was merely an observation. I was just curious if the fact that Bitcoin kept going up without news could mean that retail investors have became more active, or if institutions decided to stop announcing their purchases. Or maybe it's some rich private individuals have joined the market? Or this fact actually doesn't mean anything? That's what I want to speculate about.
February 22, 2021, 06:56:32 PM
Bitcoin never "needed" news to go up, this is a "all thumbs are fingers but not all fingers are thumbs" type of situation where a great news would make it go up of course but it could go up without a great news as well, it is not a must and that is what we had on that recent run.
This doesn't mean that great news like tesla buying, microstrategy buying or something becoming more relax in regulations etc etc whatever good news is would be bad for us, I would love to hear Apple buying 5 billion dollars worth of bitcoin for example, not saying that would happen but if it were to happen that would be amazing and increase the price insanely high, probably closer to 70k as well. However just because that would be awesome doesn't mean that the price will go back to 10k unless Apple buys bitcoin, it doesn't work like that and we should not be making that a must neither.
True!This doesn't mean that great news like tesla buying, microstrategy buying or something becoming more relax in regulations etc etc whatever good news is would be bad for us, I would love to hear Apple buying 5 billion dollars worth of bitcoin for example, not saying that would happen but if it were to happen that would be amazing and increase the price insanely high, probably closer to 70k as well. However just because that would be awesome doesn't mean that the price will go back to 10k unless Apple buys bitcoin, it doesn't work like that and we should not be making that a must neither.
It is just simply a part of it where news and fundamentals does give out some significant impact in the market.There are lots of things that do happen behind without even us knowing on whats actually in the process.
Matter most with simple supply and demand when we do talk about moving prices because thats how the market works.If you are a trader or investors that do heavily rely with fundamental analysis then it is somewhat hard
to make out some positions because not all the times we are really seeing news and events.
Ex. Paypal acceptance, Elon Musk tweets and Tesla purchase etc.
These are things that you cant read up on everyday basis.This is why when the times where market is quite around then you dont have any options but
to stick out with technicals.
February 22, 2021, 04:16:07 PM
The hype on BTC were huge now, it’s too loud that many investors or new investors will try to acquire it. The changes in price it can make attracts more users now knowing it is also already used by many organizations and companies. Just hearing many stories of success of other holders can inspire many now to buy proven that many known companies also using it. It may not be yet the other big companies that making a silent hype but soon they might make into a news having a new known company invested in BTC or crypto.
February 22, 2021, 03:45:15 PM
Even though there's a sudden correction, the possible reason even without news why bitcoin is pushing upwards last time is because the action combined by institutional and retail investors. There are those institutions that are continuously buying.
And we will never know who are the others that haven't yet exposed to the public that they're also buying. Soon, we will probably know them if they're ready to announce it that they've been stacking quietly all of these times.
And we will never know who are the others that haven't yet exposed to the public that they're also buying. Soon, we will probably know them if they're ready to announce it that they've been stacking quietly all of these times.
February 22, 2021, 02:45:53 PM
Bitcoin never "needed" news to go up, this is a "all thumbs are fingers but not all fingers are thumbs" type of situation where a great news would make it go up of course but it could go up without a great news as well, it is not a must and that is what we had on that recent run.
This doesn't mean that great news like tesla buying, microstrategy buying or something becoming more relax in regulations etc etc whatever good news is would be bad for us, I would love to hear Apple buying 5 billion dollars worth of bitcoin for example, not saying that would happen but if it were to happen that would be amazing and increase the price insanely high, probably closer to 70k as well. However just because that would be awesome doesn't mean that the price will go back to 10k unless Apple buys bitcoin, it doesn't work like that and we should not be making that a must neither.
This doesn't mean that great news like tesla buying, microstrategy buying or something becoming more relax in regulations etc etc whatever good news is would be bad for us, I would love to hear Apple buying 5 billion dollars worth of bitcoin for example, not saying that would happen but if it were to happen that would be amazing and increase the price insanely high, probably closer to 70k as well. However just because that would be awesome doesn't mean that the price will go back to 10k unless Apple buys bitcoin, it doesn't work like that and we should not be making that a must neither.
I think because there is news that has a long effect, it takes months to a year before we can see the effectlike the halving last year, and then there's Paypal. But for the current price right now, I'm not sure if an individual will buy without hearing an assurance. Positive news makes people buy and if the price just spike sharply without anything, the next could just be dump and it just happen today. I hope its not bearish yet.
February 22, 2021, 02:00:18 PM
Bitcoin never "needed" news to go up, this is a "all thumbs are fingers but not all fingers are thumbs" type of situation where a great news would make it go up of course but it could go up without a great news as well, it is not a must and that is what we had on that recent run.
This doesn't mean that great news like tesla buying, microstrategy buying or something becoming more relax in regulations etc etc whatever good news is would be bad for us, I would love to hear Apple buying 5 billion dollars worth of bitcoin for example, not saying that would happen but if it were to happen that would be amazing and increase the price insanely high, probably closer to 70k as well. However just because that would be awesome doesn't mean that the price will go back to 10k unless Apple buys bitcoin, it doesn't work like that and we should not be making that a must neither.
This doesn't mean that great news like tesla buying, microstrategy buying or something becoming more relax in regulations etc etc whatever good news is would be bad for us, I would love to hear Apple buying 5 billion dollars worth of bitcoin for example, not saying that would happen but if it were to happen that would be amazing and increase the price insanely high, probably closer to 70k as well. However just because that would be awesome doesn't mean that the price will go back to 10k unless Apple buys bitcoin, it doesn't work like that and we should not be making that a must neither.
February 22, 2021, 08:41:02 AM
This is a continuous market effect on the previous announcements. It is quite not to hear someone or other companies did the same but these small market players and users are giving their interest in Bitcoin, and it keeps the demand high, the price spike again. We cannot ignore this and this Bullrun will never stop until such a time that everyone has done buying/investing.
Ain't to wonder if the price will rise but I'd to wonder what will happen to these new investors if they are seeing huge correction and market declines. I was supposed to wait for that and to know how strong they to keep and hold their Bitcoin.
Ain't to wonder if the price will rise but I'd to wonder what will happen to these new investors if they are seeing huge correction and market declines. I was supposed to wait for that and to know how strong they to keep and hold their Bitcoin.
February 22, 2021, 08:13:29 AM
It's because we are currently experiencing a bull run. The general trend of BTC is going up and the news can either affect the price and make it go up and down.
Additionally, I think we are in that phase where celebrities are joining in which also encourages new retail investors. Asides from Elon, you can see other celebrities speaking about it on twitter such as Gene Simmons, Snoop Dogg and streamer/gamer Mr. Beast. That one time Elon changed his profile picture to something bitcoin or crypto related has driven the price upwards. Other than that, there's also interest from institutions ever since Tesla made that $1.5B purchase. Any exposure on crypto can really drive the price up.
Additionally, I think we are in that phase where celebrities are joining in which also encourages new retail investors. Asides from Elon, you can see other celebrities speaking about it on twitter such as Gene Simmons, Snoop Dogg and streamer/gamer Mr. Beast. That one time Elon changed his profile picture to something bitcoin or crypto related has driven the price upwards. Other than that, there's also interest from institutions ever since Tesla made that $1.5B purchase. Any exposure on crypto can really drive the price up.
February 22, 2021, 01:10:50 AM
It's not a secret that majority of the price action happened when there were big news about institutional buys - PayPal, Microstrategy, Tesla, adoption by Visa and so on. But recently Bitcoin has been going up without any such things. The Tesla-induced pump ended at around $48,000 and now we're almost $10,000 higher than that.
So, who is buying? Are institutional investors grabbing it quietly? Or is it retailers joining the bull run?
So, who is buying? Are institutional investors grabbing it quietly? Or is it retailers joining the bull run?
Everybody is continuously buying, investors now understand that they don't need news to pump Bitcoin because it's the future and will continue to show strength in the market, PayPal and other institutions are continuously buying because there is demand and there is going to be demand they anticipated the future where institutions who will come later, will do buying spree and they are buying the stocks to sell for them.
February 22, 2021, 12:48:26 AM
In my experience the news (big, small, hype, FUD) is never the reason for the price actions whether it is positive and price goes up or negative and price falls down. The news is always more like a catalyst that speeds up something that would have happened anyways.
For example price would have gone up in 2021 regardless of the news, now with the news it goes up faster because the positive news removes some of the roadblocks that could slow down that rise.
Same with drops, for example the 2018 drop would have happened regardless of the FUD even though the market was filled with it. The FUD only increased the speed of the drop due to increased number of panic sells.
For example price would have gone up in 2021 regardless of the news, now with the news it goes up faster because the positive news removes some of the roadblocks that could slow down that rise.
Same with drops, for example the 2018 drop would have happened regardless of the FUD even though the market was filled with it. The FUD only increased the speed of the drop due to increased number of panic sells.
February 21, 2021, 11:19:52 PM
Bitcoin did rise on further news, which is the Canadian ETF news. The main point really would be that prices rise on expectations not just news, hence the famous phrase, 'buy the rumour sell the news'.
If the perception is that no further news for Bitcoin occurs then fair enough but last I heard they rumoured USA etf, a change in the regulator and possible balance sheet purchases. Tesla is a big one but the bigger story still is the change of the landscape overall thats possible. Im quite bearish relative to recent action but I wouldn't especially go with this argument.
If the perception is that no further news for Bitcoin occurs then fair enough but last I heard they rumoured USA etf, a change in the regulator and possible balance sheet purchases. Tesla is a big one but the bigger story still is the change of the landscape overall thats possible. Im quite bearish relative to recent action but I wouldn't especially go with this argument.
February 21, 2021, 09:34:14 PM
It's not a secret that majority of the price action happened when there were big news about institutional buys - PayPal, Microstrategy, Tesla, adoption by Visa and so on. But recently Bitcoin has been going up without any such things. The Tesla-induced pump ended at around $48,000 and now we're almost $10,000 higher than that.
So, who is buying? Are institutional investors grabbing it quietly? Or is it retailers joining the bull run?
So, who is buying? Are institutional investors grabbing it quietly? Or is it retailers joining the bull run?
Probably both, accumulation of institutions secretly buying and not making it public. Because for sure, after the Elon Musk $1.5 billion, perhaps there are companies and institutions also joining the picture. We might get to learn maybe in the next coming months as who's who in the bitcoin ecosystem.
And of course retail investors who FOMO along the way, doesn't want to miss the boat and join in the fray as well.
February 21, 2021, 09:08:44 PM
It's not a secret that majority of the price action happened when there were big news about institutional buys - PayPal, Microstrategy, Tesla, adoption by Visa and so on. But recently Bitcoin has been going up without any such things. The Tesla-induced pump ended at around $48,000 and now we're almost $10,000 higher than that.
So, who is buying? Are institutional investors grabbing it quietly? Or is it retailers joining the bull run?
I think there is no need for News when those Small investors and those institutional investors are continue buying bitcoin now while big companies are now little by little buying secretly just not to make them obvious as they in the past making fun of Bitcoin so for the essence of privacy they choose not to be in media.So, who is buying? Are institutional investors grabbing it quietly? Or is it retailers joining the bull run?
and also after the pandemic people stars to learn about what is crypto and since they have now resources because lock down is gone long , now they are taking the advantage to invest and be part of this maket/community .
February 21, 2021, 07:51:47 PM
It's not a secret that majority of the price action happened when there were big news about institutional buys - PayPal, Microstrategy, Tesla, adoption by Visa and so on. But recently Bitcoin has been going up without any such things. The Tesla-induced pump ended at around $48,000 and now we're almost $10,000 higher than that.
So, who is buying? Are institutional investors grabbing it quietly? Or is it retailers joining the bull run?
So, who is buying? Are institutional investors grabbing it quietly? Or is it retailers joining the bull run?
I dont think crypto needs news to go up anymore. I know back in the early days it was needed to be able to see a bump or in the cases of bad news to see some drops. At this point you can see days with thousands of dollars of increase in price without any real idea of why. That to me is the most bullish reason to lay into bitcoin right now.
February 21, 2021, 07:11:48 PM
I'm guessing that after the Tesla pump, it was the market (or the majority of the community) that decided to pump it out since it seemed like it could still go on. Though I won't actually be surprised if it suddenly decides to drop due to those who bought late to start panic selling. It doesn't seem like it to go down though so we may have a new level of steady movement above 50k and would continue to hover around that area. I guess we can assume if it's true if the current state continues for one or two more days without the price going back down below 50.
February 21, 2021, 06:09:13 PM
There could be so many reasons. For example, it could be so may retail traders buying BTC due to FOMO after knowing that the like of Tesla already boarder the ship or perhaps some big dogs are buying secretly it minus making any news or announcements about it as of now
Price is getting scarier every time it moves up by 10K. It's almost making me up all night thinking it could drop any movement that I will have no time to sell.
Don't make the mistakes I made in 2017, When you hit your target price, exit and live to fight another day because when the drop starts, it's hard to see it coming. February 21, 2021, 04:46:08 PM
So, who is buying? Are institutional investors grabbing it quietly? Or is it retailers joining the bull run?
Price is getting scarier every time it moves up by 10K. It's almost making me up all night thinking it could drop any movement that I will have no time to sell. I think even with big news it's still going to be alarming. Businessmen grabbing Bitcoin secretly will be great, I wish to see the news every time there is a sudden jump of spice.
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