Bitcoin Forum

Hey there.
For example Spectrecoin was valued at around 3300 satoshi with a 24h volume of 5-6 BTC. Now it has around 17 BTC 24h volume and its price is even lower than that.
Can someone enlighten me on how this works? Sorry for the dumbness :) still learning stuff about crypto and economics

the majority of volume must have been from the sell side, thus lowering the price  ;D

price movements often correlate with volume spikes, either up or down.

There are a few factors that can lead to the change in the price of an altcoin: A big one is manipulation- a centralized group working maliciously to change the price of a coin to fit their desires. Another one is announcements- when altcoins make big decisions, people react by buying and selling. Sometimes other coins effect prices- Bitcoin is a big factor, as it's by far the biggest indicator of the state of the overall crypto market. Smaller coins that are complements or substitutes will effect the prices of other coins they hold these relationships too. Trolls can change public opinion of coins. Devs can run with the money. False information/panic can spread. Hype effects price. World affairs can effect certain coins (boom of Political MemeCoins due to 2016 election cycle). Prominent individuals or groups referring to coins can change the price. These are just a few examples, and there are many more.

TL;DR anything and everything effects the price of shitcoins.

Often times volume is manufactured. So one must look closely at the order books and chart technicals to actually gauge trading interest.

Short-term prices move for a variety of reasons including temporary manipulation, panic buying/selling, pump and dump schemes, and news cycles.

I would like to add the exchanges,some exchanges has a pump team behind it or the exchanges itself do a wash trade or create volume,this is to enticed newbie traders to buy and later regret,remember trading is a 24 hour stuff what you buy high is way lower after you wake up ..

are you asking about price or volume because they are two different things, and although they affect each other but it is not like what you think.

price goes up and down with changes in supply and demand when someone dumps or when there is a pump and a hype and people buy(pump) the coin.

however the volume in both cases change only because when price is changing more traders come in and take actions.
if price is going up, many buy in order to not miss out. many sell to take profit so volume grows.
if price goes down, many sell to get out and save on more losses, and many buy at the lower prices and bottom to get ready for the rise again. so volume grows.

and also when price changes bots go crazy :D

If bitcoin was only dependent on the principles of modern economics then it would have been predictable and that would make it vulnerable but that is not the case, many things like international relations, politics, the value of fiat money and bitcoin relations with government finance affect its use. 

There are many factors and people need to be careful because you can't know them all.
All in, in one move is not advisable in any situation.

The market is choppy (up and down) all fall down, so we have already reached 6,000 for bitcoin. I hope that the price of Bitcoin will not fall further

In crypto, it's always a risk so its natural if a investor doubting and some of them is already come out because they don't want to lose their investment or money. Greediness is also a big factor why crypto goes down now.

It is a matter of supply versus demand, when demand is greater than supply then the prices go up, and the same thing goes vice versa

As any trading goes specially in forex or cryptcurrency investors who buys any assets makes that assets price goes up there is a limit to that asset and if many people owns that assets its value rises due to its scarcity, the same goes if its prices goes down many investors lose interest to it. And that is why BTC is the leading cryptocurrency in the market as it has many investors holding it.

This is correct.

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You'll get to see the prices goes up if there are too many people that are buying it. A higher volume means, higher demand so that's going to be one factor to see the price goes up.

I think maybe someone is manipulating the price of a coin. They only increase the amount of coin transactions that only buy and sell at a price that they have set.

The price is not very confident. This is of course and good on the one hand because the real battle really to buy that bitkoyn, and on the other is not very good because you need to invest in the market so that it lives and it's not very desirable because of the fact that the price on the market is falling.

That's not even news here. Everyone knows that there's a really good chance that market is being manipulated. However, those whales should not get conceited because time will come that the market will get back at them. At the very least, it will come up to them when they least expect it.

in my opinion, bitcoin prices rise and fall because bitcoin is volatile so it can go up and down in the blink of an eye. so we depend on the project, how do we smartly look for projects.

How the prices go up and down is simply affected by the result of demand and supply. When the demand of the coin is really high, then there is a great chance that the price or value of the coin would relatively increase. Meanwhile, if the demand of the coin is less, that is more people are rather dumping the coins rather than buying, then there is a great chance that the price of the coin would reduce.

The thing about this market is that the rate at which people demand for coins greatly affect the coins. It's just like demand and supply that we were taught in high school. when the demand of a product is really high, then the price of the said product is very much likely to go high. same with these coins, the more pump it experiences, the more the prices go up, and when there is a dump, the prices go down.

Price up and down depends on market mood, I mein it's a game of demand and supply

Buy sell wall might look like this

Sellers for bitcoin:

1 bitcoin$6500
1 bitcoin$6490
1 bitcoin $6480

Buyers for bitcoin

1 bitcoin $6470
1 bitcoin $6460
1 bitcoin $6450

Latest price is whatever the last price paid was, e.g someone bought bitcoin for $6480 so thats the price. If someone buys up 3 bitcoin then they'd have to pay 6500 for one of them, then 6500 becomes the price.

The price of bitcoin or any other coins is not just because of the changes in the volume. There are a lot of things that affect the price of bitcoin like support from different banks it could make the price grow. But I think it is mainly affected by the whales because it is manipulated just like said by many.

How many opinions, but they are all groundless, because they are based only on your intuition, I think that some people still use technical analysis, so I tell you that now it is best to use only those methods that will really give results .

investors and traders decide the prices in the crypto market. they react according to their needs, according to daily news in the market. that is why it is easy to manipulate the market by giving fake or crap news to social media.

Trading volume (sum of money which is in circulation of buy and sell process) has no influence the token. It works with capitalization volume only.

Yes, now the market is particularly unconcerned. Because the fall of the crypto currency. All as before depend on bitcoin. At each jump bitcoin, the altcoy falls. I hope this will end soon.

for my know is if more ppl want to buy the token , the price will rise but if opposite then price will drop  

That is the general principle of economics when it comes to demand and supply. Certainly, it is a market and all that is going on is more like an auction and everyone trying to bid on how much they want to end up selling and how much they want to buy.

Now, all these things are certainly a prerequisite to how people perceive the market in that particular space of time that they are buying, which is either the demand is huge or supply is on the high side, so with that, we see the market tending towards whoever is winning. Crypto market is not just this market as that is generally applicable to every other market outside cryptocurrency, such as Forex, stock market etc.

With any market, the law of supply and demand will always be applicable and in this case as long as there will always be people buying and selling in the market, the price will always fluctuate and the position at which it fluctuated towards is dependable on which of the sides have a larger effect on the market due to their huge presence.

In crypto, changes in volume alway matters. So many factor to be considered also when it comes to bitcoin price, it relay on the banks if it will grow or not. So just more time to produce your own knowledge about crypto currency and who knows you will become a great investor for your own investment.

It's all about supply and demand. How many  people are looking to buy or sale and upto how much high or low they may go.
If more of people (amount) wants to sell than the amount wanted to be bought, the price would decrease and vice versa.

Yes I agree that it depends on both and we have to check the supply too. They check the strategy of the market in daily basis, if the demand of the coin is less then most of them hold and wait for a good return. The volume of the price fluctuates here as well.