Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Domithra on February 27, 2018, 07:15:18 PM
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Wondering how the price can go down for a while and decide to shoot the other time
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To put it simply, the price goes up when there are more buyers, or down when there are more sellers. When there's been a heavy period of buyers (such as December) then the reverse is then expected (such as January), although sometimes triggered by "bad news" like back in summer with China regulation.
In this case, there doesn't appear to be any real bad news, it's just been correcting because there was too much good news.
We only eventually saw cracks at the peak of $20k when there were flash crashes due to "too high" volume on weak infrastructure from trading exchanges, GDAX notably. Funny thing is this is also what initiated it's down fall, Bitcoin's infrastructure wasn't able to keep up with demand.
This is probably why from $10k people are still very bullish on BTC, as I am. Nothing's changed.
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Its controlled by the investors there is no person or a group that hold bitcoins price or even the one who make it they cannot hold it the investors the one that bitcoin have price if no investors bitcoin dont have a value.
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Wondering how the price can go down for a while and decide to shoot the other time
We can say that it is controlled by someone or group of people, they are the investors, when there's a lot of buyers of course the price will goes up since it is in demand, but if there's a lot of seller's, what you'll gonna do is lower your price so that tou can sell some of those bitcoin of yours.
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It controled by the investors if there are many investors who buy token the price will go up and of there none it will go down. And if there are many seller and few number of buyer it price will go down.
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I think is too big to be critically influenced. But, for sure, on some markets, there are groups of "whales" that can influence a little bit the price(+-$500-$800).
On the other hand, the situation is different with the small coins. They are for sure influenced by the people with a lot of money!
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interesting fact is there is no person or organization who can control btc
there is no such institute or organization that can dominate the bitcoin
its a decentralized which means neither it can be controlled nor can it can be unperformed
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Wondering how the price can go down for a while and decide to shoot the other time
Sometimes I also think the same way but the real reason it that it's a currency that have value we all know that and people invest there so investor are the reason will be and every government have right authority to making price law or high by country development. Additional trader who are trading within currency it will be crypto or real money it's no fact. There more reason I think .