There isn't always a clear reason why BTC went up or down - page 3.

Kyraishi

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To be honest, there are actually rarely reasons why BTC prices may change, and the only times we can really see a correlation between prices and other stuff, would be when there are major events (take previous year's halfing for example).

A lot of changes in price are directly influenced by whales either buying or selling their BTC, as it's usually as of such high volume it's able to move the price by itself and also creates a domino effect where other investors will follow suit.

Quote from: Lizzie_Girl on October 04, 2019, 07:24:46 PM

If there were then people could just profit off of it right? I know what you mean though. I guess maybe some people know if they are around those who have lots of bitcoin like maybe big exchanges the people that work for them can predict a price movement when the exchange buys or sells bitcoin or fiat.

Nope, to this day, it is still impossible to predict BTC price movements.

Lizzie_Girl

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If there were then people could just profit off of it right? I know what you mean though. I guess maybe some people know if they are around those who have lots of bitcoin like maybe big exchanges the people that work for them can predict a price movement when the exchange buys or sells bitcoin or fiat.

Lalafell

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Quote from: Bardman on May 29, 2019, 07:13:19 AM

I see a lot of topics talking about why bitcoin did this or that. Sometimes there are clear indicators as of why but many times it simply happens. Coincidence, trading bots and simple TA can affect the price and create a snowball effect easily.

Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.

I am not agreeing with there is no reason for a bitcoin to went down or up, because there are lots of reasons and factors why a bitcoin bumped up or down. Example is the Law of supply and demand which is being used as a factor in different economic profession. The law of demand states that as the price of a good decreases, the quantity demanded of that good increases. In other words, the law of demand states that the demand curve, as a function of price and quantity, is always downward sloping.

franciscoDC

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No ,there are so many reason why its moving most reason are the every individual who traded or who are trading them their bitcoin,the individual trader or investor has a big part of why the price of bitcoin is moving and also there are still more reason behind the moving price of it.

sngwinner

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Definitely, there is no way we can have reasons to associate it with everything that will happen with the market. Sometimes, what even speculates as the reason for a rise or fall in price might not necessarily be so

proTECH77

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Quote from: Kocret02 on May 30, 2019, 03:28:39 PM

a possible reason why BTC can experience increases and decreases is the total supply of your demand from many parties. many of their crypto players can play with prices and that is the reason why BTC prices can experience unexpected increases and decreases.

In addition to the point above, the cryptocurrency market is volatile and the increase and decrease we see, are also part of what the technology is all about. Have seen many cases when the price of Bitcoin will collapse and by the slightest way the demand will be minimize.

Kocret02

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a possible reason why BTC can experience increases and decreases is the total supply of your demand from many parties. many of their crypto players can play with prices and that is the reason why BTC prices can experience unexpected increases and decreases.

oseikuf44

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Technical analysis, fundamental(news) analysis and Speculation are the three main factors in determining any financial instrument price direction. But for Bitcoin and all cryptocurrency , speculation is paramount. Traders care less of Technical and news release but alwasy speculate base on where the price is going.

epidemia

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The is a huge amount of reasons for the rise and fall of Bitcoin!
One of the reasons for the growth is that in countries with hyperinflationary, collapsing economies, such as Venezuela or Zimbabwe, people are buying up cryptocurrencies in the hope of saving their savings. A similar situation occurs in countries such as Brazil, where the authorities impede the free movement of capital and systematically devalue the national currency.

I can continue indefinitely...

carter34

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Quote from: Kaneki11 on May 30, 2019, 01:01:12 PM

Quote from: Bardman on May 29, 2019, 07:13:19 AM

I see a lot of topics talking about why bitcoin did this or that. Sometimes there are clear indicators as of why but many times it simply happens. Coincidence, trading bots and simple TA can affect the price and create a snowball effect easily.

Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.

This is what I've been trying to point out.. o don't think there's any potential reason for the increase in demand of btc.. I think lots of users are just simply demanding it now than before.. that's all

Yes, when you get high demand, price will increase. Maybe investors are tired of see price down and they felt price should be going up. It always starts from one order to numerous orders before the triple effect.

Kaneki11

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Quote from: Bardman on May 29, 2019, 07:13:19 AM

I see a lot of topics talking about why bitcoin did this or that. Sometimes there are clear indicators as of why but many times it simply happens. Coincidence, trading bots and simple TA can affect the price and create a snowball effect easily.

Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.

This is what I've been trying to point out.. o don't think there's any potential reason for the increase in demand of btc.. I think lots of users are just simply demanding it now than before.. that's all

sgenuine

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Quote from: MakeMoneyBtc on May 29, 2019, 12:02:42 PM

Do we need a reason for bitcoin to go up? I think we should all be glad that bitcoin price is going up meaning something good is happening with it. I don't think we can talk about whales manipulating it because the price has been going only up since March or so and it looks like it will continue this path for some more time.

Yes, we MUST know the reasons of Bitcoin growth of fall. If we really understand them, we will make better predictions about the price of this cryptocurrency. Therefore, the losses will be sufficiently reduced.

Bardman

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Quote from: Kemarit on May 29, 2019, 10:40:37 PM

Quote from: Bardman on May 29, 2019, 07:13:19 AM

Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.

I guess you don't need to imagine as the last recent massive spike last April 2 was due to one big whale who traded long for US$100 million. And it was spread across three exchanges, to have this maximum impact. And we all know what happens next, it triggered the start of a bullish run up to this point.

But I don't think that whales really collude which each other to bring the price up (and down). Those whales really know how to play this game. But the question is how average Joes like you and me will react to this kind of news.

They know how to play the game but not all whales are here trying to manipulate the price, some of them might be really long term holders and they might not know how to sell their bitcoin effectively.

nydiacaskey01

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Quote from: Sharon121212 on May 29, 2019, 10:38:35 AM

Wise point created by the OP the fact remains that at a point the price of bitcoin can be influenced by factors most time unforeseen by many like you correctly stated the example about the whales and there activities.
So I have been longing to ask this question at to regards the OP post. Those this mean that bull market and bearish market are just figments of our own imagination since at any point the price can fluctuate

Not eally a figment of our own imagination, bull market and bearish market. There is a reason why all of a sudden it becomes a bull market, something has to trigger it, regardless if its a whale who bought a lot of BTC or a whale sold BTC and others followed. Something has to trigger it for the market to follow.

andieoke

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I personally am not too confused about the reason Bitcoin prices go up or down, because it is very difficult to understand. I often misinterpret this change in bitcoin prices, because of my mistakes I have lost a lot of my money when trading Bitcoin. right now, what I'm doing is buying Bitcoin when the price goes down and doesn't sell it before the price rises. And when I'm stuck buying a Bitcoin at a high price, then I will HOLD Bitcoin until the price rises again even though it is for a long time. because I'm sure this Bitcoin has a good future, one day the price will definitely go to the moon.

Koadharber

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All of us knows that bitcoin is volatile but there are other reason why bitcoin goes up and down,the rise and fall of bitcoin has a reason if there is a huge demand and positive news about Bitcoin it has a big impact of its price increase,and if many investors selling their bitcoin and some people spreading negative news about bitcoin it is a big impact that bitcoin price will fall.

Kemarit

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Quote from: Bardman on May 29, 2019, 07:13:19 AM

Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.

I guess you don't need to imagine as the last recent massive spike last April 2 was due to one big whale who traded long for US$100 million. And it was spread across three exchanges, to have this maximum impact. And we all know what happens next, it triggered the start of a bullish run up to this point.

But I don't think that whales really collude which each other to bring the price up (and down). Those whales really know how to play this game. But the question is how average Joes like you and me will react to this kind of news.

DreamStage

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Sure there is, it is always the demander that sets the new Bitcoin price for the market and everyone else.
If that would not been like that then price would not even move a cent.

When you go into a trading site that is the first thing you will see -> Set your sell and buy prices.
When you buy the next guy will be selling to you and he will set a buy price bigger than yours.

kissme09

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Quote from: Bardman on May 29, 2019, 07:13:19 AM

I see a lot of topics talking about why bitcoin did this or that. Sometimes there are clear indicators as of why but many times it simply happens. Coincidence, trading bots and simple TA can affect the price and create a snowball effect easily.

Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.

Bitcoin prices rise or fall based on demand from investors. As the demand for owning Bitcoin increases, it will boost the market and increase the price of Bitcoin. Conversely, when investors have no desire to invest in Bitcoin will make the market unstable because of reduced liquidity makes Bitcoin prices fall.

Cuk0ng_bitc0in

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using a bot is not a good idea for trading. I prefer manual. we can analyze every BTC price without a bot. and sell BTC prices at any time. whales with 1000 BTC strongly control the market. they can make the market fall drastic. but i believe. today is not a good time to sell their assets.

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