The "what's causing this price increase/decrease?" thread - page 2.

BlackHatCoiner

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There's already a (mega) thread where they talk A LOT about the price. It's called “Wall Observer”. It looks more like the forum chat, but there's lot of discussion about the exchange rate.

Quote from: 9thsky on August 01, 2021, 02:59:59 AM

Not sure if that was supposed to be a smartass'ish answer...

The cause of price's fluctuation is the laws of demanding and supply. The reason of price's fluctuation is the marketing manipulation. So I wouldn't call it a smartass'ish answer.

Quote from: franky1 on August 01, 2021, 04:01:40 AM

this makes more users want to just buy instead of mine it.

Why would they buy it instead? Usually, when someone wants to mine, he does it by ensuring he'll have a profit from this procedure. If he buys Bitcoin, how can he be sure that he'll increase his earnings?

Maxre

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Quote from: GreatArkansas on August 01, 2021, 04:36:39 AM

Yeah, FUD for me too is one of the reasons because of these.
FUD comes with fake news, there's a lot of cases even before about fake news, and FUD comes in.
Just like what happened on Amazon accepting Bitcoin news a few days ago, it is one of the best examples of an abrupt pump and followed by abrupt dump.

This is very true. Although supply and demand is the most common movement of the bitcoin market volatility. FUD and FOMO have a huge influence on the fluctuations of the crypto market. Things like this should be known by beginners so they don't get trapped in crypto investments

Leviathan.007

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To be short I can see the supply and demand can make the price increase or decrease, no matter the market. Doesn't matter where you are investing this supply/demand factor is the basic reason for ant price change. The reason for supply and demand are the traders and their thoughts, depending on how they feel they will sell/buy and change the supply/demand values, and the reason for the investors to make decisions to buy or sell comes from their mind, their knowledge and the fundamental news they see on the social media. Tried to explain everything simply.

Viscore

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Quote from: Issa56 on August 01, 2021, 04:17:26 PM

The main reason for bitcoin price pump and dump is just the demand and supply. When a coins demand is high and the supply is low then there will definitely be increase in the price of the coin and if the demand is low and the supply is high this will lead to decrease in the price on the coin so basically the main reason for a coin pump and dump is demand and supply.

For now, i don't see any reason why bitcoin is in a pump because as far as i know, Amazon denied the rumor about accepting bitcoin. So it turns out to be a negative one for bitcoin. Maybe its definitely the huge demand of bitcoin that makes it supply become less. In this way, bitcoin price will bound to increase. And i think this is good not just for the market but eventually for all investors. Bitcoin will soon to have its ATH once it breaks its resistance level so let's just patiently wait for it.

Issa56

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The main reason for bitcoin price pump and dump is just the demand and supply. When a coins demand is high and the supply is low then there will definitely be increase in the price of the coin and if the demand is low and the supply is high this will lead to decrease in the price on the coin so basically the main reason for a coin pump and dump is demand and supply.

glendall

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the cause of the price fluctuation I think the main thing for the increase is the large number of requests and for the price decline, namely the negative news about bitcoin which is currently intensively banning bitcoin mining in China, where the largest mining is in China.

Cling18

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The supply and demand of users and traders affect the market situation. Other events such as adoptions and banning also affect the market positively and negatively. Different happenings could trigger the volatility of the market even FUD and false information. If we're wise traders and investors, then we shouldn't fear all the changes that would happen but rather take it as an opportunity to earn and take profits.

franky1

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this rise is not due to any social drama. its mainly about the mining drama of the last month now settling and now coming back to normal

chinese pools increasing their hashrate again and no longer selling to cover costs of the drama last month.
along with the ripple effect i mentioned in the last post i made in this topic

Kakmakr

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The only "rumor" that I have seen, was that Amazon will be making an announcement soon ...about allowing "Bitcoin" payment on their platform. True or false.. I do not know... but I think it definitely had a impact on the buying side. Wink

https://cointelegraph.com/magazine/2021/07/31/amazon-rumors-micostrategy-btc-bitcoin-40k-hodlers-digest-july-25-31 .....but just 5 days ago we had this, https://www.reuters.com/business/retail-consumer/amazon-denies-report-accepting-bitcoin-payment-2021-07-26/

So, either "insiders" want to keep this information for themselves to buy low, before the official announcement is made... or it is just FUD to hype up the price... time will tell. Wink

GreatArkansas

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Yeah, FUD for me too is one of the reasons because of these.
FUD comes with fake news, there's a lot of cases even before about fake news, and FUD comes in.
Just like what happened on Amazon accepting Bitcoin news a few days ago, it is one of the best examples of an abrupt pump and followed by abrupt dump.

pooya87

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Quote from: 9thsky on July 31, 2021, 11:44:07 PM

like Tesla deciding to not accept bitcoin payments which caused bitcoin to plummet %40.

Wrong.
News like this only has a small and short term effects on bitcoin price specially when it is from a completely irrelevant company. If you think about what you say a little, you will realize that Tesla doesn't even have that many customers to begin with, so it is not like they exposed that many to bitcoin with their announcement; and from those customers there aren't that many who would even consider paying with bitcoin. So the only thing the accepting bitcoin and later not accepting bitcoin did to the price was a small hype and FUD that didn't last more than a couple of days and I'd say it caused less than 5% price change.

franky1

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hashrate stablising over 100exa again.. (finally)
more hashrate = more competition=less reward per user

this makes more users want to just buy instead of mine it.
this makes the price go up.
then more users see the price increase.. meaning they can make profit mining.
so they mine..
.. rinse and repeat less reward per user. =more buyers

bittraffic

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It was speculated at first that Amazon will accept BTC which causes the price to shoot. This turned out to be a rumor only which Amazon also denied they will accept BTC. But I think there are news recently that made investors see that price will go up so they rush to buy more BTC particularly to the news that thousands of BTC are being withdrawn from exchanges. And then there's also new institutions buying.

mk4

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Quote from: 9thsky on August 01, 2021, 02:59:59 AM

Not sure if that was supposed to be a smartass'ish answer...

Might sound like it, but especially in this case, it's pretty much it. We didn't even have any notable news that could've caused a huge speculative pump. In fact, we actually had some sort of "negative news" concerning the government wanting to force KYC one way or another.

So yea, supply and demand.

boyptc

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It is difficult to know the particular reason why the market has plummeted. And it's harder if there's no published article that we usually check within the news websites.

Quote from: 9thsky on August 01, 2021, 12:37:12 AM

I'll start...what's causing this recent price increase. Anything particular?

I can't find any particular reason for it but I think it's still the Tesla and Amazon news.

Dave1

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Quote from: 9thsky on August 01, 2021, 02:59:59 AM

Quote from: mk4 on August 01, 2021, 12:43:14 AM

tldr; supply and demand

Not sure if that was supposed to be a smartass'ish answer...

Might not be the smartest answer, but the market is base on this tenant though.

Probably the reason for the recent spike is that there is no FUD, or at least the China FUD is dead already. Even when Amazon confirmed that they are not going to accept bitcoin as of the moment, the price continue to soar above $40k'ish.

9thsky

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Quote from: mk4 on August 01, 2021, 12:43:14 AM

tldr; supply and demand

Not sure if that was supposed to be a smartass'ish answer...

mk4

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tldr; supply and demand

9thsky

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I'll start...what's causing this recent price increase. Anything particular?

9thsky

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There is the normal fluctuation, and then there is a particular reason - like Tesla deciding to not accept bitcoin payments which caused bitcoin to plummet %40.

This thread is for those particular reasons.

Sometimes, the market moves abruptly and drastically and we might not catch the reason in the news. That's when this thread comes in handy. You can know here what the reason is for the drastic increase or decrease in prices that you're seeing.

If it's not already mentioned, ask, and someone will reply.

Topic: The "what's causing this price increase/decrease?" thread - page 2. (Read 376 times)