What determines if a coin goes up or down in price?

Harriti

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Quote from: TheKingofBubble on July 12, 2017, 08:50:42 AM

Supply and demand. Trading bots run by traders and exchanges, also automatically try to move the market price, but ultimately big moves only happen when real people buy or sell a coin on exchanges. Grin

Well, we can see that with candle or some indicator as MA, BB, Pivot, RSI, MACD can helps for confirm volume buy/sell, the psychology of the trader and resistance, support line when trading.

ladydark

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Quote from: viking02 on June 25, 2017, 12:03:03 AM

I heard that if there is news that certain places will start using a certain currency, then it will increase in value. Obviously that sounds very simple. But that is true right?

What exactly causes a coin to go up or go down in value? If everyone starts selling the coin, will the coin go down in value? Im curious but what things trigger coin prices to go up or down?

The increase and decrease in demand for a coin determines its price.Greater the demand,higher the price.For example,just after japan announced bitcoin as legal,we noticed a great increase in demand for bitcoins and as a result,bitcoin price rose very high.If every one starts selling a coin and there is no one to buy it,then definitely that coin's price would start falling down and at last it would become zero.

frowsiter

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You are true partially as the people will sell the price will go down and vice versa is also true for upward moment. The thing is it was natural process earlier in the time but now there are groups of people who apply this strategy altogether to benefit themselves mutually. This is however very bad practice as it makes the coin unhealthy economically and such coin tends to shut quickly.

I went little off the main question but I told you both the things that is what and who are responsible for the coins value in the market and the consequences of the same.

TheKingofBubble

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Supply and demand. Trading bots run by traders and exchanges, also automatically try to move the market price, but ultimately big moves only happen when real people buy or sell a coin on exchanges. Grin

Mahanton

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Quote from: viking02 on June 25, 2017, 12:03:03 AM

I heard that if there is news that certain places will start using a certain currency, then it will increase in value. Obviously that sounds very simple. But that is true right?

What exactly causes a coin to go up or go down in value? If everyone starts selling the coin, will the coin go down in value? Im curious but what things trigger coin prices to go up or down?

You are a Hero member but do still ask this thing considering on your rank you should have the slightest knowledge about this stuff. Prices do move ups and down since its just a normal thing on coins in the market and yes indeed that they are somehow affected if theres a news but if theres none then the main thing that moves its price is just a simple trading with buyers and sellers because on this way we can indicate that price do really moves.Its just a simple economic class.

recklessMe

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In fact the reasons are various: upswing/downswing in national markets, acceptance among businesses, government interference, implementation of new technical concepts, cyber attacks, and more of that kind.

Harriti

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Quote from: ?? on ??

Supply and demand determines the value of a coin. The more people want to buy a certain coin the higher the price will rise. If no one has interest to buy a certain coin, its value will go to zero, even if there was a starting price.

This is basic problems in trading, you need know what do they need want to buy or sell this coin? What is main reason make happens?

I can say in present are 90% by the news and status SegWit of Bitcoin make the market very panic, easy to create some bullish or bearish trap by whale.

Shutup

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Quote from: viking02 on June 25, 2017, 12:03:03 AM

I heard that if there is news that certain places will start using a certain currency, then it will increase in value. Obviously that sounds very simple. But that is true right?

What exactly causes a coin to go up or go down in value? If everyone starts selling the coin, will the coin go down in value? Im curious but what things trigger coin prices to go up or down?

Bitcoiners determined to bitcoins because it produce cash depends upon your effort.Wheter by now its really a long time to wait for payouts but at least I have proven that I can get it.But the good news is how long my coins is store before I get my pay it is increasing.Thats why Im inspired of my co bitcoiner,that they earn a lot,wheter the price is going up and down at least I have pay to wait.

ladydark

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Quote from: viking02 on June 25, 2017, 12:03:03 AM

I heard that if there is news that certain places will start using a certain currency, then it will increase in value. Obviously that sounds very simple. But that is true right?

What exactly causes a coin to go up or go down in value? If everyone starts selling the coin, will the coin go down in value? Im curious but what things trigger coin prices to go up or down?

As for as bitcoin is concerned,price increases or decreases in proportion to difference in demand for bitcoin.Greater the demand,more the bitcoin price.But altcoins prices mainly decreases whenever bitcoin price increases.Most of the altcoins donot express their true value.Most of them are just pumped and dumped coins by creating fake sell orders.So altcoins should be bought with great caution.

tigershark

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Quote from: viking02 on June 25, 2017, 12:03:03 AM

I heard that if there is news that certain places will start using a certain currency, then it will increase in value. Obviously that sounds very simple. But that is true right?

What exactly causes a coin to go up or go down in value? If everyone starts selling the coin, will the coin go down in value? Im curious but what things trigger coin prices to go up or down?

If a coin has a specific function and has good development, then it will start out strong and probably rise in value. I think it all depends on the usefulness and how well it is publicized. Also the value is hurt if a coin is premined as well. There are so many different altcoins out there right now that it is hard for new ones to stand out from the rest.

MBW_2

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Quote from: Kersh768 on July 01, 2017, 04:39:35 AM

Quote from: viking02 on June 25, 2017, 12:03:03 AM

I heard that if there is news that certain places will start using a certain currency, then it will increase in value. Obviously that sounds very simple. But that is true right?

What exactly causes a coin to go up or go down in value? If everyone starts selling the coin, will the coin go down in value? Im curious but what things trigger coin prices to go up or down?

Of course if everyone starts selling their coin, it would dump as buy orders will be weakend which can certainly cause dump. However, it can be recovered if the support strengthen against sell orders which always occurs in stable altcoins.

Markets are contolled by greed and fear. If downtrend starts with panic selling it will continue till strong support line. Traders are looking for cheap prices to bump for later big dump Wink

Kersh768

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Freshdice.com

Quote from: viking02 on June 25, 2017, 12:03:03 AM

I heard that if there is news that certain places will start using a certain currency, then it will increase in value. Obviously that sounds very simple. But that is true right?

What exactly causes a coin to go up or go down in value? If everyone starts selling the coin, will the coin go down in value? Im curious but what things trigger coin prices to go up or down?

Of course if everyone starts selling their coin, it would dump as buy orders will be weakend which can certainly cause dump. However, it can be recovered if the support strengthen against sell orders which always occurs in stable altcoins.

coynedterm

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Quote from: viking02 on June 25, 2017, 12:03:03 AM

I heard that if there is news that certain places will start using a certain currency, then it will increase in value. Obviously that sounds very simple. But that is true right?

What exactly causes a coin to go up or go down in value? If everyone starts selling the coin, will the coin go down in value? Im curious but what things trigger coin prices to go up or down?

In my opinion it will not be better to say that a particular thing to be a reason of the down and up in the price because it depends upon many things .
First of all the news , if new contract news will came for the particular coin then it will get instant up because it get trp in the market and probably increase in the demand.
Second thing is the technology of the coin that attracts the people slowly slowly toward himself to buy and hold ( sia coin and stratis are better example of this ) .
Third thing is the people who spread bad and good fake news about the particular currency so that people can buy them or sell them ( fresh example of fake news about eth owner death )
And last thing is the announcement of the new technology launching ,
These are those factors which indicates that the price of the coins will surely increase for atleast once .

viking02

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so you guys are telling me now right now, if you want ETH to go up for example, you definitely want btc or litecoin to go up so its related?

On shapeshift, they show the prices of

Btc, eth, xrp, ltc, etc, dash, xmr, bts, sc and waves.

Every single one shows its going down. Last time i noticed when BTC and ETH went up, almost all the other coins go down. I seen maybe one time that all the coins were down except 2 coins.

Alice Nuttal

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Mostly the adoption among users. Go back in btc early days and you will see that it started as an experiment with limited number of users and extremely low price.
And what's now? Btc attracts more users, the price is increasing.
Sure, there is an external environment, which hinders btc from further rapid development, so sometimes its price swings as a natural response to changes. Wink

psy0

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Quote from: viking02 on June 26, 2017, 10:44:29 PM

is there a correlation to all the coins all seem to be dropping recently? Literally every coin has been dropping. Is there a correlation with this or is this luck?

Yes it is correlated but in a strange way. It used to be like this: when btc started to go up, altcoins crushed. Most obvious example is the btc rise on October. Almost every altcoin went to their absolute dip. Ether was 0.007ish, LTC was 0.004ish, XRP was 400 satoshi. But it seems like this has changed. Now its like if btc goes down, all the expectations and trust on cryptocurrencies goes down, in a wierd way.

To answer OP's question, cryptocurrencies are selling dreams. They are like future markets for penny stocks, nothing else. Almost none of them has real world use, so you buy and sell expectations. So a possible adoption new with some whales playing makes the coin rise.

DaddyMonsi

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Like whats been said many times about trading its supply and demand. More demand but less supply is good because that will result to the price to go up. Less demand more supply then you are looking a price that will go down as there will be people trying to dispose their coins at cheaper price just to let it go or convert their coins to fiat.

viking02

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is there a correlation to all the coins all seem to be dropping recently? Literally every coin has been dropping. Is there a correlation with this or is this luck?

Rahar02

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Quote from: viking02 on June 25, 2017, 12:03:03 AM

I heard that if there is news that certain places will start using a certain currency, then it will increase in value. Obviously that sounds very simple. But that is true right?

What exactly causes a coin to go up or go down in value? If everyone starts selling the coin, will the coin go down in value? Im curious but what things trigger coin prices to go up or down?

I guess you already know about supply and demand law in economics world which cause prices increase or decrease.
In crypto world, some coin really has good potential to grow up and people invest on those coins, but there are some time people want to cash out their money obviously. When huge funds withdraw from the coin, people will follow to sell and its price decrease. It is normal, a cycle in this environment which always repeated because many investors join and put huge amount of money here.

Kriptex

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Quote from: xSkylarx on June 26, 2017, 05:38:14 AM

The reason why the coins goes up or down in price is because of the trader or the users who are selling or buying some coins,
It is basically because of the stock's and demands of the coin the simplest rule in trading.

This is not wrong in theory and practical. If the coin you deal is a project coin, then you can also follow the development plan and announcements that the official team makes. So that you don't miss anything.

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