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Topic: I cannot believe the price does not move after NYSE news - page 4. (Read 3514 times)

full member
Activity: 228
Merit: 100
it could also possible to move down
legendary
Activity: 1652
Merit: 1007
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Firstly you should have made this thread in the Economics subforum. Someone would have swiftly answered.
This isn't surprising. People try to manipulate the market and accumulate so much more at lower prices. When you factor in everything, it is just a matter of time before it starts going up.
The question is where will it stop and till what point will it bounce back?

This is no different from any other trade-able commodity. People always try to manipulate the market and buy low.
True, it s much easier to move BTC market and keep it suppressed then oil market.

However, it s also much easier to push BTC market up.
legendary
Activity: 1862
Merit: 1004
And this is problem of bitcoin. Bad news travel fast and have tremendous impact on bitcoin price but good news are usually ignored. I noticed this trend before, many good news not only didn't make bitcoin price go higher but soon after that price dropped in value. It was the same when Microsoft accepted bitcoin. I now firmly believe that bitcoin price is manipulated by whales and nothing more.
legendary
Activity: 2674
Merit: 3000
Terminated.
Firstly you should have made this thread in the Economics subforum. Someone would have swiftly answered.
This isn't surprising. People try to manipulate the market and accumulate so much more at lower prices. When you factor in everything, it is just a matter of time before it starts going up.
The question is where will it stop and till what point will it bounce back?
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
Bitcoin gets a price ticker on New York Stock Exchange and the price does not move?Huh

I really do not understand how is this possible.

I am glad to see BTC is going to become a classic stock market traded commodity, like oil, gold or corn. However, all these commodities are EXTREMELY sensible to good/bad news.
BTC, still nothing.

I know it s still too early to think this way since traders have not invested into BTC to be able to move the price due to these great news but still, not a single $1, price increase, not a single one.
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