Why the PUMP? Reasons for why Bitcoin prices always move in short bursts and how

bassbity

sr. member

Activity: 1092

Merit: 284

is it still relevant after this article was created last year? I think a lot has happened and changed the movement of bitcoin from year to year. Moreover, the article reveals how the increase in 2020 backwards. meaning it's still priced at $ 20,000 and below, whereas it's currently almost 2x its then price. So there are several indicators affecting the bitcoin market lately. Apart from being a pandemic, it is one of the reasons why everyone should pay attention to securing their money in bitcoin. coupled with the ambition of the greedy whales in the market, all add to the aggressiveness of the bitcoin price which has been soaring since December.

sunsilk

hero member

Activity: 3038

Merit: 634

The article was from last year of January. That's no longer valid IMHO if you're asking why because the point of what the article is saying is just about the large buy groups through OTC.

In theory of that article, the reason for those pumps ended up with the conclusion of the power of OTC purchases.

hugeblack

legendary

Activity: 2702

Merit: 4002

Next time, post part of the article and not one line, then leave the user the option to visit the topic.
I have not read the entire topic, but I do not see a problem with pumping, because it is an indication that there is enough liquidity to prevent any correction.
There are a lot of investment funds that will enable many to buy bitcoin cheaply, and thus the price increases.

too many people think that bitcoin is not expensive even bitcoin was 40000

DapanasFruit

member

Activity: 1218

Merit: 49

Binance #Smart World Global Token

There is no question that Bitcoin is really known for volatility, and we know that it can go up and down for no reason at all, except that some group of traders may have acted in unison creating a big demand for Bitcoin in exchanges. We have to note that the majority of Bitcoin are not actually moving and that means that only a small percentage are in exchanges but this is where the biggest influence of the price can be found. And this is quite true with many other coins and tokens we have. Now, can we then say that Bitcoin can easily be manipulated? Well, can be.

scottsanderman12

jr. member

Activity: 154

Merit: 1

Why does Bitcoin always “pump” in short periods of time? Can we benefit on this type of price action.
full read - https://boxmining.com/bitcoin-price-pump/

Topic: Why the PUMP? Reasons for why Bitcoin prices always move in short bursts and how (Read 134 times)