Bitcoin Forum

One week has just passed since the April Fool's day bitcoin price rally. I found an interesting comparison of crypto exchanges through measuring their performances on that period, enlightened by data analytics.

Would love to share with you: "When Liquidity Matters"

https://medium.com/@SophonEX/when-liquidity-matters-99c1d38a1a16?source=friends_link&sk=7616b8f6695dd1199c0f7a9842d2bee9

We can say that bitcoin can survive the crypto exchange last april fool's day. And until now it's price is almost $5300. Not bad recovery and I know it is the start of bitcoin's price again because many of investors are now start to invest again because they see that bitcoin's price is increasing. And I know this is the start of making a new history.

But I don't think that April fools will be related to bitcoin rally ;D

Bitcoin price rally because the time to increase is coming so we can see the price can reach a higher price. That will be good if the bitcoin price could still reaching another higher price as all of us waiting for that.

Liquidity is one of the main things that bring value to Bitcoin. The same thing is with exchanges. In case of any fast and significant price spike exchanges should have the necessary amount of users, placing sell orders to fulfill the fast-growing demand. All major exchanges are not worrying about such issues but the good point is that those spikes are show us the exchanges that are faking their reported volume.

As per the article:


Obviously, those exchange wiht higher liquidity can really withstand that rally like Binance and it's only proved why they are the number exchanges right now. As compare to those crypto exchanges with fake volumes mentioned in the article. And who really trade on those exchanges btw? They have been identified already so I don't know why someone will go and trade on them specially during the market surge we have seen last week. We don't need to be rocket scientist here, there's a lot of data to swallow on that article but I do believed that just common sense will tell us which exchanges can hold and which exchange can't.

As the article mentioned, it did actually help in differentiating how the liquidity of Bitcoin fared across a variety of exchanges during the mini rally. Nothing surprising here though.

I don't understand why people still trade on exchanges like HitBtc which is like a scammers paradise in my opinion.

April Fool's Day is a day for the Franks, but the exchanges didn't troll us, they gave us what we were waiting for. I found all the great things coming from Binance (BNB) when its price increased a lot on April 1.

The market recovery began on April 1, and became a hot conversation in the crypto asset community and the financial world. Most crypto asset players don't get the specific reason behind the surge in the prices of these various coins, and the answer is only speculative.

That's the nature of the market of cryptos. The exchanges have somewhat became similar to the ICO market. New exchanges are popping up every single day without origin and regulatory requirement and showing fake volume to get a ranking on the coinmarketcap list. I am sure, this bull run has given hard time to such exchanges who didn't have good amount of liquidity in hand.

While I understand that crytpo exchanges are necessary for the growth of cryptos, but it is also necessary to maintain good amount of liquidity and other covers in hand for unforeseen events like this! Sometimes shaking things up become necessary  to get rid of the cockroaches from the kitchen!

 :) :) good topic to discuss!! april fool is to punish all the people who hated BTC saying "btc gonna crash!! its the end of btc" now all of them have realized how strong BTC came back again with a great recovery!! BTC actually fool them  ;)  now its a great startup again and I'm very excited to see where it will go this year! hope you all excited too! enjoy well guys coz this is gonna be fun!! all the very best to my crypto family! tc!  :)

It's great that the exchanges fared well on the 1st of April mini rally, and have continued being operational albeit the mass trades that occurred thereafter, possibly due to the FOMO the price had generated after people found out that we're back on the $5000 levels. However, I fear that the exchanges are still not fully equipped to the brim to handle a huge number of trades in their platforms should a bull run commence. Heck, we might even see exchanges/platforms freezing during the heat of the moment.

With the news of exchanges faking their volumes, its hard to if its just another pump and dump. Looking forward to hot/cold wallet monitoring.

April fool has nothing to do with the price of bitcoin, because if any exchange play April fool with it price chart then they will make sure to have disabled they withdrawal features so that no one will be able to withdrew from the exchange in other not to run into loses, but it over a week now since the April fool day happen and the price of bitcoin is still doing great.

If that's the Fool days faking, by now we could have experienced the price pumping. Now there is gradual growth in the market. This shows the growth is rally from the day of April one is a real and doesn't have any form of dependence on the fake volume from the crypto exchanges. The survival is predicted to give a good growth in the falling days.

I don't know, and maybe they cannot withdraw their coin, so they still stay at HitBTC. I am sure that they want to move to another site, but that is their problem. And if I were him, I will search the other way so I can move the coins and don't use that exchange to anything else.

Exchanges faking volumes is old news. That is why it is recommended to use trusted exchanges only. The article just shows the effect of a sudden pump to those exchanges faking volumes.

now bitcoin is an upward trend, i don't know if this price is related to april fools. Looking at the chart, bitcoin price cleared surged after it broke the main $4,200 resistance. These are strong bullish signs, increasing chances of more upsides in the coming days. The next major resistance to watch out is at $5,200. If buyers even manage to surpass $5,200, the previous breakdown support at $6,000 could be tested (a strong sell zone).

Haha  ;D I think it was a coincidence that price started improving around the April fools time and nothing more to that. As we can see that it is over but price remains as it is. I see a major break if it goes pass $5300.

In order to ignite a big fire, we need a small matchstick first. It isn't possible that Bitcoin suddenly started rising and rose 30% over the course of seven days without any reason. There are several theories stating the reason of rally. I think the rumor (who knows if true) that someone put $100m buy orders and the hoax that bitcoin ETF is approved are two major reason of rally. So April Fool surely had some contribution to bitcoin price rise, no doubt.

I dont think that April Fool thing do really give out some effect but i cant deny on the point you said that there would be a always a thing to ignite a particular event yet
there would always be a reason why we do have that price increase happening on past few weeks up to now.No matter what it is, we are all glad on what we are currently seeing.

I have read somewhere that this price spike was in fact by some April Fool's day joke.

With that in mind investors took their time into investment thus price rise suddently ($20.000 investment). Everyone saw that and followed the trend.

If it was from the joke itself we can not be certain but it really might had some influences.

I don't think that the latest trend of bitcoin is coming from this april fools joke. But I do really believe that april fool joke help bitcoin to know by other investors. Investors also see that they will really regret if that april fools day joke really happen.