What causes the sudden surge of market?

monalia

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Quote from: ausbit on April 15, 2019, 10:57:53 AM

Quote from: noormcs5 on April 13, 2019, 02:27:26 AM

Quote from: Akagum on April 12, 2019, 03:15:03 PM

I understand that the cryptocurrency Market moves in the direction of speculations and also the factors of demand and supply could influence price.
But I am confused as to which of these factors triggered the recent surge in price that we saw recently.
Can't really say.

Well, sometimes the prices move without any TA and FA and it is the whales who actually manipulate the market and surge the prices for their own benefit.

The fluctuation we see today that is causing the market to really fluctuate is as a result of people’s impatient, no matter how hard we preach this, it is unfortunate it still comes to play every time BTC tries to spike, our impatience brings it down again because most of us with small investment can easily move our fund out for the profit.

But, this action of ours selling off is really discouraging some investors who would like to invest in a stable coin because of the purpose they wish to use the coins they are buying for, like you said, we should learn not to sell early so we can keep the market stable and green.

No fluctuation today. the market seems fine and I traded bitcoin for fiat cash on LBC yesterday and today. More or less I got the same fund from the traders but the price traders fixing higher than the marketplace value I can see in google calc.
Selling bitcoins is not at all good for the long term returns. Incase they need to emergency money then they can do that without think about anything.

Barbut

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Quote from: ausbit on April 15, 2019, 10:57:53 AM

Quote from: noormcs5 on April 13, 2019, 02:27:26 AM

Quote from: Akagum on April 12, 2019, 03:15:03 PM

I understand that the cryptocurrency Market moves in the direction of speculations and also the factors of demand and supply could influence price.
But I am confused as to which of these factors triggered the recent surge in price that we saw recently.
Can't really say.

Well, sometimes the prices move without any TA and FA and it is the whales who actually manipulate the market and surge the prices for their own benefit.

The fluctuation we see today that is causing the market to really fluctuate is as a result of people’s impatient, no matter how hard we preach this, it is unfortunate it still comes to play every time BTC tries to spike, our impatience brings it down again because most of us with small investment can easily move our fund out for the profit.

But, this action of ours selling off is really discouraging some investors who would like to invest in a stable coin because of the purpose they wish to use the coins they are buying for, like you said, we should learn not to sell early so we can keep the market stable and green.

Years of hard work! Behind every rise, behind current price there is a lot of people who sacrifice everyday for the past 10 years! Most of us here are heavily involved in crypto in past years, each of us gave some contribution, each of us spread the word and introduce new people with crypto almost everyday. When price is rising, hard work is paying off itself!

ausbit

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Quote from: noormcs5 on April 13, 2019, 02:27:26 AM

Quote from: Akagum on April 12, 2019, 03:15:03 PM

I understand that the cryptocurrency Market moves in the direction of speculations and also the factors of demand and supply could influence price.
But I am confused as to which of these factors triggered the recent surge in price that we saw recently.
Can't really say.

Well, sometimes the prices move without any TA and FA and it is the whales who actually manipulate the market and surge the prices for their own benefit.

The fluctuation we see today that is causing the market to really fluctuate is as a result of people’s impatient, no matter how hard we preach this, it is unfortunate it still comes to play every time BTC tries to spike, our impatience brings it down again because most of us with small investment can easily move our fund out for the profit.

But, this action of ours selling off is really discouraging some investors who would like to invest in a stable coin because of the purpose they wish to use the coins they are buying for, like you said, we should learn not to sell early so we can keep the market stable and green.

noormcs5

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Quote from: Akagum on April 12, 2019, 03:15:03 PM

I understand that the cryptocurrency Market moves in the direction of speculations and also the factors of demand and supply could influence price.
But I am confused as to which of these factors triggered the recent surge in price that we saw recently.
Can't really say.

Well, sometimes the prices move without any TA and FA and it is the whales who actually manipulate the market and surge the prices for their own benefit.

Quote from: akram143 on April 12, 2019, 04:32:03 PM

Because it takes long time to hold an and making the market stable so now it is the time to take off and it will be more of like cryptocurrency will be developing in this situation so we need to make the the development possible and it will happened in this situation .

Patience is the key in crypto currency market. If you are able to show patience and do not sell early, you will surely be rewarded good in crypto market.

GregH37

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Quote from: wuvdoll on April 12, 2019, 01:12:53 AM

The only place where I have seen related news is this forum and we are still yet to confirm the genuineness of the news, though I learnt that Russia bought about $1.8 million dollars worth of coin for themselves due to some crisis that they will soon experience because the American economy too is about into recession.

This is the time were a lot of countries will begin to go into recession thereby causing inflation in the country and all this countries will begin to look for alternative to grow their country again, and bitcoin will be the only hope they would have to do that, we have started seeing it already.

I read this in someone’s comment too but was just a wishful thinking or will I say a proposal, I am not sure any of these action has yet been taking and most government including Russia is yet to adopt crypto, and if they had even done so, what will a whole government be doing with such small amount of investment.

What pushed the market capital up recently was almost a total of $20 billion, if it was because of this amount, then we have many investors that are in the market that are more than capable to buy 450 bitcoin, because that is exactly what the money you quoted can buy, the recent quote I even got of an investors buying up to 20,000 btc at once is not even enough to experience such spike we saw, talk less of just 450 BTC. This will surely happen in the future because every nation will eventually adopt crypto.

Cherylstar86

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Quote from: MrPiggles on April 12, 2019, 09:20:22 PM

Quote from: Slow death on April 11, 2019, 10:50:24 PM

Quote from: waynechong1995 on April 10, 2019, 07:57:23 PM

Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever. News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun? That's really fishy considering they can profit way more than their buys, what are your insights on this? Organized whales or institutions strategy?

we are in the crypto world and for the years that we have had since the existence of bitcoin a lesson we have to learn: one should never rely on the analyses and opinions of these analysts and the news channels. Today the price fell below $5000, it will not take long for all news channels to talk about this price fall and make their assumptions about the reasons for this price decrease

The value of Bitcoin depends on many different reasons and mostly due to investor psychology. If everyone's psychology is really good, maybe this year everything has returned to 2017 but until now this has not happened and the panic sale makes the market harder to recover. In my opinion, the $ 5,000 price will remain until the end of April because no big news can make Bitcoin reach $ 6,000 and everything will be very risky at the moment.

The rapid movement of bitcoin is not about investor's psycho the situation, perhaps it is about the market volatility that always appear in the market cap. Investor's psychology are just speculation that enlightened the situation to look easy even in the midst of difficulties. We had endure the long bear market and the rescent day bitcoin's value start to pump but lately decline, atleast it has shown a good sign to speculate how it will grow accumulately, let's just wait the big bull run occurence by this 2019.

MrPiggles

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Quote from: Slow death on April 11, 2019, 10:50:24 PM

Quote from: waynechong1995 on April 10, 2019, 07:57:23 PM

Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever. News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun? That's really fishy considering they can profit way more than their buys, what are your insights on this? Organized whales or institutions strategy?

we are in the crypto world and for the years that we have had since the existence of bitcoin a lesson we have to learn: one should never rely on the analyses and opinions of these analysts and the news channels. Today the price fell below $5000, it will not take long for all news channels to talk about this price fall and make their assumptions about the reasons for this price decrease

The value of Bitcoin depends on many different reasons and mostly due to investor psychology. If everyone's psychology is really good, maybe this year everything has returned to 2017 but until now this has not happened and the panic sale makes the market harder to recover. In my opinion, the $ 5,000 price will remain until the end of April because no big news can make Bitcoin reach $ 6,000 and everything will be very risky at the moment.

akram143

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Because it takes long time to hold an and making the market stable so now it is the time to take off and it will be more of like cryptocurrency will be developing in this situation so we need to make the the development possible and it will happened in this situation .

Akagum

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I understand that the cryptocurrency Market moves in the direction of speculations and also the factors of demand and supply could influence price.
But I am confused as to which of these factors triggered the recent surge in price that we saw recently.
Can't really say.

jems

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Lots of confusing news that talks about this and they have their own opinions. I myself feel confused about the truth, though I feel quite calm and happy with this price surge.

BestSSS

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Factors for the growth of the market is actually enough to throw them into the Internet parties and the price begins to move in the right direction.
In addition, everything is tied to technical analysis and build charts, for example, if the price approaches the boundaries of some figure or support level - wait for news and breakout of the trend line.
But mostly the price is manipulated by large investors and chaos, so be careful and put your feet

upsidedown75

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Quote from: carter34 on April 11, 2019, 06:32:01 AM

I have read some threads too since the price increase and I have not seem to see someone giving precise reason for the move. I take it like volatility is part of bitcoin. If the whales made a huge order, I'm sure by now, price should have dropped because it is not a teal price move.

Even if they made BIG order, it may not have likely affected the price to decrease, because the other they probably made would be for future purpose and if they have to take any, it would be little by little, the whales too are after the ATH like that of last year and not these little price increase.

Plus, talking of whales, we still need lots of whales to be able to move the market from where it is now to that of 2017, but I believe the market can really do fine without their contribution, we need honest investors and lots of institutions, by the time institutions falls into the system, all these whales may become very irrelevant a bit.

playboy654

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It definitely need to move in some direction so if it is possible to we have to make their confident about the next year and I think it will going on the positive way and it will be a good address and sign for every investors to get ready for getting the profit.

Palmaper

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I have also heard the rumor of someone buying a significant amount of bitcoins, but this news alone does not seem to have the capacity to move the entire market so significantly, although there is no doubt that the mere strength of the rumor has an important impact on the psychology of the market, which has long shown how sensitive is to this type of rumors.

In my opinion the Bitcoin was unjustifiably undervalued, and the movement we have seen these days is nothing more than a market adjustment towards more real prices, which could involve another long season around $5,000 before the next major move.

GregH37

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Quote from: waynechong1995 on April 10, 2019, 07:57:23 PM

Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever. News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun? That's really fishy considering they can profit way more than their buys, what are your insights on this? Organized whales or institutions strategy?

I am not sure that figure 20,000 BTC quoted is accurate, because it’s nothing compared to the growth the market witness in its market cap recently, in which bitcoin contributes at least 70% to the marketcap.

I still can’t really spot out the main factor contributing to this growth and from which angle the growth is coming from, the institutions we know will be adopting the use of crypto currency are still yet to adopt it, which we would have said it’s the main factors and there is not form of very great news that would have triggered people’s FOMO to pump so much money into the marketcap, we just have to cross and fingers with care while we watch as events unfolds.

wuvdoll

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If we are out here trying to figure out what made it go up than we are going to miss out what made it go down as well. That is the real question, what makes it go down, we know that buying is making it go up and we know why people buy, because they want to make profits or because they want to own bitcoins and all that, people do not want to miss out on bitcoin and other coins because they think that is the best investment they can make.

Moreover, what makes them sell ? What makes them give up on that? Price drop is a good reason because they feel like it wasn't a good decision and they lost money and they leave however what made it go down at the first place? What makes people sell at 20 thousand dollars, why not at 15, why not at 25 ? I mean we could totally keep going if they don't, what makes them sell it? If we find that out, than we are going to be fine.

Pamadar

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Quote from: BlackPanda on April 11, 2019, 01:27:50 AM

Quote from: waynechong1995 on April 10, 2019, 07:57:23 PM

Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever. News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun? That's really fishy considering they can profit way more than their buys, what are your insights on this? Organized whales or institutions strategy?

This can be like a pump price and there is a possibility of a dump. But seeing the enthusiasm of the crypto users, I am very sure that this can be maintained, now we are starting a new level and such restrictions are quite difficult to influence. yes, although everything can happen, but this situation is worth taking as much as possible.

Can a good turning point to attract more investors and traders, the current momentum are also gaining attentions so new interested people will
come along and start understanding this system and possibly to invest their money, there's no assurance but if this momentum will be maintained
it will be a good starting point for many newbies to invest in.

RokokGudangGaram

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Quote from: Vishnu.Reang on April 11, 2019, 11:54:54 AM

Even now, the crypto exchange rates can be influenced by rumors and assumptions. On top of that, many of the traders are quite young (in their 20s and 30s), and they don't shy away from taking risky moves.

hence the number of new traders who take big risks that make the market quickly experience a surge. because with the large number of people who adopted it big it could make the market soar

ethereumhunter

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Quote from: emmybd on April 11, 2019, 08:37:50 PM

Nobody knows the actual reason of this sudden pump of the market, so there are many conspiracy theories have cooked up, but i believe some sort of manipulation has happened for sure.

Yes, nobody knows about that. I think we don't need to know the reason because as long as we could make more profit, then it is better to enjoy the price and take as much profit as we can. There are too many speculations around the market, and we are read much news in out there that saying bitcoin surge because of this and that. But that still speculation from the people and I don't think that they know the truth.

wuvdoll

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The only place where I have seen related news is this forum and we are still yet to confirm the genuineness of the news, though I learnt that Russia bought about $1.8 million dollars worth of coin for themselves due to some crisis that they will soon experience because the American economy too is about into recession.

This is the time were a lot of countries will begin to go into recession thereby causing inflation in the country and all this countries will begin to look for alternative to grow their country again, and bitcoin will be the only hope they would have to do that, we have started seeing it already.

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