There isn't always a clear reason why BTC went up or down - page 5.

Oilacris

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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 why this market is always unpredictable and you do got the point that we don't actually know on what are the real things do happen behind on sudden price increase
or price dump with Bitcoin or simply on the entire market.We do see speculations and news but it doesn't give out the precise thing for it to be a reason.There are lots of
factors actually that's why we investors or traders do continue to speculate basing on what we do experience after all these years.

Genemind

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There are lots of possible reasons but those reasons are still unconfirmed and unsure. We couldn't conclude things through the reasons that we're stating.
If BTC is rising, I guess it's because things are meant to happen that way just like what happened last 2017.
There are also events which are affecting and influencing the BTC price.

Pursuer

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actually there always is a reason for any rise of all it is just that we can't find that reason in half the times when the rise of fall is happening and usually we figure it out a while after.

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.

not every time. it will depend on when and how they sell large amounts. for example if they sell it all in one exchange, nothing will change. if they spread it among exchanges then the amount may not be enough to make a difference but there is a better change.
and most importantly is the timing. for example when people weren't sure about the direction and many were feeding them FUD about how price is going to $1000, such sells crashed the market about 50% from $6000 but if the same thing happened today it won't even cause a 5% drop let alone 50% because the market is on the move and such sells would be against the direction and will be eaten by the market like a piece of cake.

Ailmand

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The number of Bitcoin adoption and acceptance also affects the number of demands. As the number of investors increases, it also affects the price of Bitcoin positively. There are good things happening in the market which has a good impact on the price of Bitcoin. If things will happen continuously, the value could strike even higher.

bhabygrim

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We all know that the price depends on demands and we all know that every traders have their own choice,
We couldn't just expect things to happen because we have so many traders and we all have different decision,
So the price movement wouldn't really have a clear reason we could just always speculate things and think that it is the reason.

Fred3030

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As I have always said in other forums , price is mainly determined by demand, and demand is driving by adoption, product development and other factors just to mention a few but with some respect to the whales. For example, the current run being experience in the price of bitcoin in my own opinion is not driving by whales but by mass adoption and positive news currently hitting the crypto space from the like of Facebook, Microsoft and the host of others. With this I would say adoption and project development drives in demand and demand in turn drives up price.

Bardman

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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.

Topic: There isn't always a clear reason why BTC went up or down - page 5. (Read 568 times)