the principle of bitcoin depends on how the deal is between supply and demand. Bitcoin has a homogeneous character, meaning that bitcoin pieces affect the other.
then there is also no entity that controls the price of bitcoin, make very high bitcoin fluctuations. bitcoin is determined by all those who have bitcoin. if we have bitcoin, then we determine the bitcoin price.
when we buy bitcoin, then we have contributed to the amount of demand, so the price will rise.
Topic: Why sudden bump in bitcoin? It is now over $8000 - page 2. (Read 587 times)
yes, sellers panic a little again will run out and purchases increase high. then also a little FUD, even nothing. but I'm afraid the FUD will come all of a sudden and drop again.
so, I think the correction does not make the bitcoin comfortable and bitcoin needs some good waves for surviving and rising.
so, I think the correction does not make the bitcoin comfortable and bitcoin needs some good waves for surviving and rising.
And it happened in other cryotocurrency prices as well it is an whales action or what?
We all believe that the whales are making every action in the market.Like what happeend when bitcoin bursted from $6500 to $8000 and that's a quick pump that was suspected made by another whale.
Due to this news.
First Soros, Now Rockefellers’ $3 Billion Firm to Invest in Crypto
Some investors definitely have Bitcoin's desire to always go up even though the reality is uncertain but if the fear of rising bitcoin, it seems that it is impossible because this is hope ...
The market is gradually recovering and the capitalization of the cryptocurrency market is increasing. The uptrend has started about a week now but I think the bitcoin needs to cross the $ 11k milestone to rise sharply and out of the downtrend of time. The market is still fluctuating so should watch more in the coming time.
The pump is what everyone is waiting for, seems the correction of 2017 is over, I hope we will have a steady and realistic growth this year, highly expectant for the pump of BTC TO $20,000
I'm not suggesting the price is going up. In the whales this case or positive in the news, or in their absence, but the fact that bitkon grows very pleases its owners.
Some investors definitely have Bitcoin's desire to always go up even though the reality is uncertain but if the fear of rising bitcoin, it seems that it is impossible because this is hope ...
I think soon we will see another take-off of bitcoin to 25,000
Like everyone else here, even I think this was a bull trap. A sudden pump of $1k in an hour cannot be termed as an organic growth. Market doesn't work like that. There was no recent news or investment attempt by any big name that can bring a pump in this heavy sell off due to the approaching tax day. I think this was a big manipulation by the bulk HODlers. They have been doing this since the year start. Price is indeed maintaining the $7600 range but that cannot guarantee a bull market phase. This is highly doubtful growth.
but until now bitcoin price is still 8k. do you still consider it is a bull trap ?
a sudden pump is a common thing in crypto because its volatility on the price. no wonder if crypto market works like that.
The sudden surge in bitcoin is not strange,if you know the graph or profile of bitcoin, from January to mid April bitcoin is always low,then from April ending to December bitcoin rises,
It's a mixture of war and sanctions on Russia. The Russia thing makes it hard for them to get money out of Russia, but buying cryptocurrency makes it easier
Bitcoin rises and falls on a daily basis. It can rise and fall back in a few hours. Make the most of the peaks and troughs and hope that overall the price is upwards.
Few hours before the price of bitcoin was at $7000 but suddenly there is a huge price bump over $1000 and it causes the bitcoin price to go up 17%.And it happened in other cryotocurrency prices as well it is an whales action or what?
But it is good to see the price now.
But it is good to see the price now.
It maybe that the price has now stabilized at a point in which the bitcoin price has steadily rosed in its prices. This is really due with how the trend of its dip has been excruciatingly becoming longer and all the bitcoin users whether newbie or even the veterans are really feeling the heat. This just shows that I am right when it comes to the potentail and growth of bitcoin in the cryptocurrency market and that bitcoin is not yet dead and with this welcome back bitcoin!
Prices have stabilized in the last few weeks that have created new portals or floors for bitcoin base in the future. The hike that occurred in the last few hours I think is a signal that a reversal of the downtrend has arrived. If viewed from the chart with a time frame of 1 hour that the 5-day and 10-day SMA lines have crossed and previously many speculated that if the cross happens then there will be a bullish trend. Hopefully, this is a good sign for bitcoin in the future.
I think we have seen too many bull traps these past few months. This one is the real deal i.e. start of the next bull run as is typical of April and Q2. It should be an upwards ride from here on in. Last chance to join in the game for anyone lurking in the forums
I think sudden bumps of bitcoin price is normal because Bitcoin recently recognized by many people and this situation facilitates rapid declines
This is a very good news after a long correction it is back. Now a big question is how long it will go. We have to wait and watch for the reumors that ceetified That it will gi to 200k$.
The price of bitcoin over time will again begin to rally after suffering from a huge dump and therefore a crash in price. once the shock is absorbed, The price begins to rally and the markets look brighter
Exit from the correction triggered the opening of exchanges for the registration of new users, as well as a positive news background in many countries
Thanks for all the explanations guys,but now the price is falling again not happy now,I think the prices are falling because of many people who bought the bitcoin earlier today are selling now just easy money in few hours but we really need to hold our coins never get attracted by these kind of traps.
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