Topic: How does price go up or down? - page 2. (Read 1240 times)
It is a matter of supply versus demand, when demand is greater than supply then the prices go up, and the same thing goes vice versa
Hey there.
For example Spectrecoin was valued at around 3300 satoshi with a 24h volume of 5-6 BTC. Now it has around 17 BTC 24h volume and its price is even lower than that.
Can someone enlighten me on how this works? Sorry for the dumbness
still learning stuff about crypto and economics
In crypto, it's always a risk so its natural if a investor doubting and some of them is already come out because they don't want to lose their investment or money. Greediness is also a big factor why crypto goes down now. For example Spectrecoin was valued at around 3300 satoshi with a 24h volume of 5-6 BTC. Now it has around 17 BTC 24h volume and its price is even lower than that.
Can someone enlighten me on how this works? Sorry for the dumbness
still learning stuff about crypto and economics
The market is choppy (up and down) all fall down, so we have already reached 6,000 for bitcoin. I hope that the price of Bitcoin will not fall further
There are many factors and people need to be careful because you can't know them all.
All in, in one move is not advisable in any situation.
All in, in one move is not advisable in any situation.
If bitcoin was only dependent on the principles of modern economics then it would have been predictable and that would make it vulnerable but that is not the case, many things like international relations, politics, the value of fiat money and bitcoin relations with government finance affect its use.
Hey there.
For example Spectrecoin was valued at around 3300 satoshi with a 24h volume of 5-6 BTC. Now it has around 17 BTC 24h volume and its price is even lower than that.
Can someone enlighten me on how this works? Sorry for the dumbness still learning stuff about crypto and economics
For example Spectrecoin was valued at around 3300 satoshi with a 24h volume of 5-6 BTC. Now it has around 17 BTC 24h volume and its price is even lower than that.
Can someone enlighten me on how this works? Sorry for the dumbness
still learning stuff about crypto and economicsare you asking about price or volume because they are two different things, and although they affect each other but it is not like what you think.
price goes up and down with changes in supply and demand when someone dumps or when there is a pump and a hype and people buy(pump) the coin.
however the volume in both cases change only because when price is changing more traders come in and take actions.
if price is going up, many buy in order to not miss out. many sell to take profit so volume grows.
if price goes down, many sell to get out and save on more losses, and many buy at the lower prices and bottom to get ready for the rise again. so volume grows.
and also when price changes bots go crazy
I would like to add the exchanges,some exchanges has a pump team behind it or the exchanges itself do a wash trade or create volume,this is to enticed newbie traders to buy and later regret,remember trading is a 24 hour stuff what you buy high is way lower after you wake up ..
Hey there.
For example Spectrecoin was valued at around 3300 satoshi with a 24h volume of 5-6 BTC. Now it has around 17 BTC 24h volume and its price is even lower than that.
Can someone enlighten me on how this works? Sorry for the dumbness still learning stuff about crypto and economics
For example Spectrecoin was valued at around 3300 satoshi with a 24h volume of 5-6 BTC. Now it has around 17 BTC 24h volume and its price is even lower than that.
Can someone enlighten me on how this works? Sorry for the dumbness
still learning stuff about crypto and economicsOften times volume is manufactured. So one must look closely at the order books and chart technicals to actually gauge trading interest.
Short-term prices move for a variety of reasons including temporary manipulation, panic buying/selling, pump and dump schemes, and news cycles.
There are a few factors that can lead to the change in the price of an altcoin: A big one is manipulation- a centralized group working maliciously to change the price of a coin to fit their desires. Another one is announcements- when altcoins make big decisions, people react by buying and selling. Sometimes other coins effect prices- Bitcoin is a big factor, as it's by far the biggest indicator of the state of the overall crypto market. Smaller coins that are complements or substitutes will effect the prices of other coins they hold these relationships too. Trolls can change public opinion of coins. Devs can run with the money. False information/panic can spread. Hype effects price. World affairs can effect certain coins (boom of Political MemeCoins due to 2016 election cycle). Prominent individuals or groups referring to coins can change the price. These are just a few examples, and there are many more.
TL;DR anything and everything effects the price of shitcoins.
TL;DR anything and everything effects the price of shitcoins.
the majority of volume must have been from the sell side, thus lowering the price 
price movements often correlate with volume spikes, either up or down.
price movements often correlate with volume spikes, either up or down.
Hey there.
For example Spectrecoin was valued at around 3300 satoshi with a 24h volume of 5-6 BTC. Now it has around 17 BTC 24h volume and its price is even lower than that.
Can someone enlighten me on how this works? Sorry for the dumbness still learning stuff about crypto and economics
For example Spectrecoin was valued at around 3300 satoshi with a 24h volume of 5-6 BTC. Now it has around 17 BTC 24h volume and its price is even lower than that.
Can someone enlighten me on how this works? Sorry for the dumbness
still learning stuff about crypto and economics Jump to: