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Economy => Trading Discussion => Topic started by: waynechong1995 on April 11, 2019, 12:57:23 AM



Title: What causes the sudden surge of market?
Post by: waynechong1995 on April 11, 2019, 12:57:23 AM
Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever. News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun? That's really fishy considering they can profit way more than their buys, what are your insights on this? Organized whales or institutions strategy?


Title: Re: What causes the sudden surge of market?
Post by: Polar91 on April 11, 2019, 01:39:45 AM
Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever. News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun? That's really fishy considering they can profit way more than their buys, what are your insights on this? Organized whales or institutions strategy?
Can you provide the link of that news? Just believe on the news that are from credible source. I haven't received any specific news that states the main reason of bull run in previous weeks; all of them are just factors such as partnerships between the largest smartphone company wih crypto, adoption of banks in Blockchain, and etc.


Title: Re: What causes the sudden surge of market?
Post by: diazepam666 on April 11, 2019, 02:00:26 AM
Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever. News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun? That's really fishy considering they can profit way more than their buys, what are your insights on this? Organized whales or institutions strategy?

Are you watching all the news related to bitcoin price bump or not. There are various information has been shared which is good for bitcoib to go heights. For example, high amount of circulation and over than miners banned in China which can give more demand and healthy for bitcoin finally price prediction tweets and press release by crypto legends.

These all will pull up to see the bull run in the market again.


Title: Re: What causes the sudden surge of market?
Post by: TalkStar on April 11, 2019, 02:09:04 AM
Personally I am not agree with you OP. If you expect bitcoin price growth with a rapid speed or instant then I think its obviously a day dream. Without monitoring positive side it will not be a wise thing to be concern about its recent price bump. Bitcoin have already struggled a lot with its price build up pace. Isn't it look like a big change on your eyes that just in last 7 days its growth rate is more than 65% where 1 weak earlier 1 bitcoin was nearly 3200$. As a bitcoin holder i think its better to hold strong price zone rather than decreasing and bitcoin recent price is showing that very strongly IMO.  

I have seen so many crypto news providers who always try to catch readers attention by giving hot news where many of those news got no authentic source.

 


Title: Re: What causes the sudden surge of market?
Post by: crwth on April 11, 2019, 02:31:19 AM
I have read in some of my chat groups regarding those types of transactions. They also say that it's only a person or probably someone who has a lot of money and needs to cash in somehow some way and he/she made it happened. The conclusion that caused the jump. I have searched it in Google but can't seem to find the news about it.

When there is bad news surrounding China and Bitcoin, it surges up. It's a weird thing. The most recent report is the mining farm thing.

https://www.wired.com/story/china-says-bitcoin-wasteful-wants-ban-mining/


Title: Re: What causes the sudden surge of market?
Post by: freedomgo on April 11, 2019, 05:30:09 AM
It could be whales or institution, but it's likely whales as institution would make prior announcement before doing such.
We only guess and cannot what really causes it, the only certain now is the huge buy order, knowing who made that is impossible.
But, I would not make things complicated, this isn't new anymore in the crypto space, we called it surprises and that makes crypto very unpredictable.


Title: Re: What causes the sudden surge of market?
Post by: Herbert2020 on April 11, 2019, 06:09:10 AM
Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever.
which market?
bitcoin? the catalyst was the undervalued nature of the price itself. when something is offered at a discount in the market while the price is kept low with manipulation and fear it will eventually break out and shoot up. add to that the fact that market is pretty small still, and you see that a small FOMO buy can shoot the price up.

altcoins? that is what they do, they get pumped and dumped every day so that we as traders can make profit on the bitcoins we have.

Quote
News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun?
news sites publish all kinds of crap, don't take them seriously. the only thing that matters for the market is the market itself. so start by looking at charts, the volume,... and see that there was no such thing in the market not to mention that 20k bitcoin is smaller than the daily volume!


Title: Re: What causes the sudden surge of market?
Post by: BlackPanda on April 11, 2019, 06:27:50 AM
Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever. News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun? That's really fishy considering they can profit way more than their buys, what are your insights on this? Organized whales or institutions strategy?
This can be like a pump price and there is a possibility of a dump. But seeing the enthusiasm of the crypto users, I am very sure that this can be maintained, now we are starting a new level and such restrictions are quite difficult to influence. yes, although everything can happen, but this situation is worth taking as much as possible.


Title: Re: What causes the sudden surge of market?
Post by: omonuyak on April 11, 2019, 08:00:12 AM
Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever. News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun? That's really fishy considering they can profit way more than their buys, what are your insights on this? Organized whales or institutions strategy?
I think it was because of the news that China governments and regulatrary agency has shut down mining activities.  Many traders and investors see this a good news and since this is going to lower supply they believe that it is time to invest because price is going to surge.


Title: Re: What causes the sudden surge of market?
Post by: Tytanowy Janusz on April 11, 2019, 08:11:43 AM
Its pure technical.

https://i.imgur.com/n8zk2fX.png

That formation is well known in crypto on every time frames.

How it works? And why that happened?

From the end of November bitcoin was in 3200-4200 consolidation. For four months on medium volume traders was trading without realising waste/profit waiting for move. Majority of traders that opened their long position set stoploss around 3100, all who opened short position set stoploss around 4200 (based on supports and resistance from AT). For four months amount of unrealised stoplosses was growing. It was like a
ticking bomb. Stoplosses was only tip of iceberg. There were 500 mil worth overleveraged shorts (only on bitmex -https://cryptopotato.com/500m-usd-of-liquidated-short-positions-bitmex-responds-to-the-futures-auto-deleveraging-events/) that was liquidated during this pump pumping price even further.

The fuse was fired. Price crossed 4200 resistance. Let's summarize who is on market currently:

Demand:
1- TA traders buying due to TA buy signal (breaking resistance)
2- stoplosses on shorts
That push price sharply
3- overleveraged shorts get liquidated
that push price even further
4-more and more stoplosses and liquidations fired one by one at higher and higher prices

Supply:

Almost none. The Closest resistance is around 5400. Why sell earlier? Would you do that?

what happens if there are many buyers and the lack of sellers? Price surge... and that's what happened.

Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever. News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun? That's really fishy considering they can profit way more than their buys, what are your insights on this? Organized whales or institutions strategy?
I think it was because of the news that China governments and regulatrary agency has shut down mining activities.  Many traders and investors see this a good news and since this is going to lower supply they believe that it is time to invest because price is going to surge.

That's the stupidest thing you might say. Do you even know how bitcoin mining works? Supply is always the same. No matter if there are bunch of mining factories or 1 single PC handling whole network.


Title: Re: What causes the sudden surge of market?
Post by: traderethereum on April 11, 2019, 10:09:36 AM
There are difficult to search for the solid facts of the pump in the market in these few days. The market increase and didn't telling us what is going on with the market, all we know that the price can jump to the higher price in less than 2 weeks. And in a few hours ago, we are seeing the red candle happening, and now the green candle come and change the red candle, and it's happening again in the market. The trend is back to the uptrend and the price come back to $5000 again.


Title: Re: What causes the sudden surge of market?
Post by: carter34 on April 11, 2019, 11:32:01 AM
I have read some threads too since the price increase and I have not seem to see someone giving precise reason for the move. I take it like volatility is part of bitcoin. If the whales made a huge order, I'm sure by now, price should have dropped because it is not a teal price move.


Title: Re: What causes the sudden surge of market?
Post by: Kemarit on April 11, 2019, 11:32:25 AM
I don't know if you have read news reports last week saying that there someone who bought bitcoins in millions in three crypto trading simultaneous, pushing the price +$1000 in matter of minutes. Probably just whales trying to wake up the market but definitely the entity will book the profit one time or another. If was a massive 20% increased in the last week and the entity might be slowly shorting it, we don't know, but I'm not sold on the premise that this is institutional money.


Title: Re: What causes the sudden surge of market?
Post by: spadormie on April 11, 2019, 12:14:04 PM
Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever. News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun? That's really fishy considering they can profit way more than their buys, what are your insights on this? Organized whales or institutions strategy?
This is the cause of the pump. And that event made 3 orders from 3 different exchange 7,000 bitcoin buy order each. It's just a manipulation by whales. I don't even know if the manipulator were a whale or whales. I think it's just one but he used different exchanges.


Title: Re: What causes the sudden surge of market?
Post by: Thanasis on April 11, 2019, 01:01:03 PM
Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever. News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun? That's really fishy considering they can profit way more than their buys, what are your insights on this? Organized whales or institutions strategy?
I think that $100m is enough to act as a catalyst when people are waiting for years to invest on bitcoins at right time so when they see the price rise they are not going to miss that opportunity either to make short term or long term profits.


Title: Re: What causes the sudden surge of market?
Post by: sujonali1819 on April 11, 2019, 01:27:23 PM
In my own opinion I want to say this pump is normal according to previous market history. We saw more than couple of history like this.

I think btc struggled  long time around 3000$-4000$. And many whales waited for dip entry. But now a days btc already passed the limit of struggle and many good news coming day by day about crypto currency. For that reason whales did not want to miss the dip entry. So they already started to invest their money and btc started to growing up. It is my personal opinion so can not match any technical analysis. Thanks 


Title: Re: What causes the sudden surge of market?
Post by: Lpim01 on April 11, 2019, 01:28:09 PM
There are difficult to search for the solid facts of the pump in the market in these few days. The market increase and didn't telling us what is going on with the market, all we know that the price can jump to the higher price in less than 2 weeks. And in a few hours ago, we are seeing the red candle happening, and now the green candle come and change the red candle, and it's happening again in the market. The trend is back to the uptrend and the price come back to $5000 again.
Are we thinking that this is the creations of whales and it may back to dump again. But I've never think like that cause I believe that this year will be the opposite of last year trend. We speculate to have a bull later part last year but it never shows instead it getting worst. And for now, it have shows again and even proven that crypto could still resist from the bear season and rise up.


Title: Re: What causes the sudden surge of market?
Post by: vintages on April 11, 2019, 03:36:26 PM
I think it was because of the news that China governments and regulatrary agency has shut down mining activities.  Many traders and investors see this a good news and since this is going to lower supply they believe that it is time to invest because price is going to surge.

You are all that are always thinking that China has so much influence in Bitcoin price should really stop. China is just a country that have citizens interested in cryptocurreny just like every other country.
Every actions they take don't have major impact on Bitcoin price. Whether they shut down an exchange or open an exchange, it won't be affecting Bitcoin and also same to other countries. Price of Bitcoin can be affected by market activities, adoptions and circulation.


Title: Re: What causes the sudden surge of market?
Post by: el kaka22 on April 11, 2019, 03:52:08 PM
I think we can shorten it by saying "there was a lot of people selling at 4200, we tried to buy them all but failed many times, however each time we tried the resistance eroded, last time we tried we broke it and went higher". That is the clearest explanation that can be given, its both a technically analysis stand point that the resistance level is explained but it is also a very simple terms that anyone could understand, that way we are explaining TA like we are talking to a small child.

I mean that is what happened honestly, when you try to break a number and fail you either go down a lot or you go back up and try again, we went to 4200 multiple times but we went back up, now it is time to break the next level by trying to buy as much as we can, maybe go back down for couple of times but each time we reach the next resistance we ease it a bit.


Title: Re: What causes the sudden surge of market?
Post by: traderethereum on April 11, 2019, 03:54:16 PM
There are difficult to search for the solid facts of the pump in the market in these few days. The market increase and didn't telling us what is going on with the market, all we know that the price can jump to the higher price in less than 2 weeks. And in a few hours ago, we are seeing the red candle happening, and now the green candle come and change the red candle, and it's happening again in the market. The trend is back to the uptrend and the price come back to $5000 again.
Are we thinking that this is the creations of whales and it may back to dump again. But I've never think like that cause I believe that this year will be the opposite of last year trend. We speculate to have a bull later part last year but it never shows instead it getting worst. And for now, it have shows again and even proven that crypto could still resist from the bear season and rise up.
I am not sure about that, but it could be because we don't know if the whales still trying to dump again. I think the same as you, and we have a great chance to see the bull market will happen in this year or the next year. Just hope that the bear market will be over soon so we could start to make a big profit again. But don't forget that the bear market still appears in the market, so you need to be careful.


Title: Re: What causes the sudden surge of market?
Post by: LimLims on April 11, 2019, 04:03:52 PM
See dude first you need to know about the thing that what is pump and dump.
Secondly you need to make sure that you understand all the factors that led to the rise of a particular coin.
A coin's price rises when more investors invest in it. I mean when the trade volume is more or in other words when the coin is most purchased by many traders.
This make the supply of the coin less as per the demand and this make to the rise of the price of that coin.
So these are the factors that causes the sudden surge of market.


Title: Re: What causes the sudden surge of market?
Post by: Vishnu.Reang on April 11, 2019, 04:54:54 PM
Even now, the crypto exchange rates can be influenced by rumors and assumptions. On top of that, many of the traders are quite young (in their 20s and 30s), and they don't shy away from taking risky moves.


Title: Re: What causes the sudden surge of market?
Post by: mersal on April 11, 2019, 10:20:50 PM
Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever. News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun? That's really fishy considering they can profit way more than their buys, what are your insights on this? Organized whales or institutions strategy?
unexpected things are always happen to the Crypto field it is common in this Crypto market but we have to wait for sometime to pick the next thing about the Crypto development and we need to make this opportunity more useful than only the success is always come everyone to make their life properly.


Title: Re: What causes the sudden surge of market?
Post by: whirlcoin on April 11, 2019, 11:09:35 PM
Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever. News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun? That's really fishy considering they can profit way more than their buys, what are your insights on this? Organized whales or institutions strategy?
the sudden changes are always happened to cryptocurrency is normal but it needed to be more positive then only the profit are always being standard here but in recent times there is no big development and happened but from the starting of this month we will see a few changes in this market if it is continuous we will be success at the end in this year.


Title: Re: What causes the sudden surge of market?
Post by: jazmuzika217 on April 11, 2019, 11:17:06 PM
We are in cryptoworld that everything is unpredictable just always remember the pump and dump situation meaning every momentum can be change. Just take a look at the price of bitcoin its suddenly dump after a huge increased happen in tha past few days.
No need to worried after all you need tobe positive all the time.


Title: Re: What causes the sudden surge of market?
Post by: 4p0l4k4y on April 12, 2019, 01:23:21 AM
Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever. News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun? That's really fishy considering they can profit way more than their buys, what are your insights on this? Organized whales or institutions strategy?
unexpected things are always happen to the Crypto field it is common in this Crypto market but we have to wait for sometime to pick the next thing about the Crypto development and we need to make this opportunity more useful than only the success is always come everyone to make their life properly.
I agree, theres a huge possibility that there is a huge whale who purchase a lot of bitcoin that could have triggered the sudden surge. At least theres a reason for us traders to be happy for the mean time.


Title: Re: What causes the sudden surge of market?
Post by: emmybd on April 12, 2019, 01:37:50 AM
Nobody knows the actual reason of this sudden pump of the market, so there are many conspiracy theories have cooked up, but i believe some sort of manipulation has happened for sure.


Title: Re: What causes the sudden surge of market?
Post by: freedomgo on April 12, 2019, 01:53:10 AM
Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever. News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun? That's really fishy considering they can profit way more than their buys, what are your insights on this? Organized whales or institutions strategy?
unexpected things are always happen to the Crypto field it is common in this Crypto market but we have to wait for sometime to pick the next thing about the Crypto development and we need to make this opportunity more useful than only the success is always come everyone to make their life properly.
I agree, theres a huge possibility that there is a huge whale who purchase a lot of bitcoin that could have triggered the sudden surge. At least theres a reason for us traders to be happy for the mean time.
I hope this is not only for the mean time, if we think like that we are expecting that bitcoin will dump again.
I will remain optimistic, I will have to stand on what I believe and I believe that this is the beginning of bull run if it's not yet.
We might have different judgement but we will know going forward on what will be the next price movement.


Title: Re: What causes the sudden surge of market?
Post by: Slow death on April 12, 2019, 03:50:24 AM
Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever. News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun? That's really fishy considering they can profit way more than their buys, what are your insights on this? Organized whales or institutions strategy?

we are in the crypto world and for the years that we have had since the existence of bitcoin a lesson we have to learn: one should never rely on the analyses and opinions of these analysts and the news channels. Today the price fell below  $5000, it will not take long for all news channels to talk about this price fall and make their assumptions about the reasons for this price decrease


Title: Re: What causes the sudden surge of market?
Post by: wuvdoll on April 12, 2019, 06:12:53 AM
The only place where I have seen related news is this forum and we are still yet to confirm the genuineness of the news, though I learnt that Russia bought about $1.8 million dollars worth of coin for themselves due to some crisis that they will soon experience because the American economy too is about into recession.

This is the time were a lot of countries will begin to go into recession thereby causing inflation in the country and all this countries will begin to look for alternative to grow their country again, and bitcoin will be the only hope they would have to do that, we have started seeing it already.


Title: Re: What causes the sudden surge of market?
Post by: ethereumhunter on April 12, 2019, 06:21:03 AM
Nobody knows the actual reason of this sudden pump of the market, so there are many conspiracy theories have cooked up, but i believe some sort of manipulation has happened for sure.

Yes, nobody knows about that. I think we don't need to know the reason because as long as we could make more profit, then it is better to enjoy the price and take as much profit as we can. There are too many speculations around the market, and we are read much news in out there that saying bitcoin surge because of this and that. But that still speculation from the people and I don't think that they know the truth.


Title: Re: What causes the sudden surge of market?
Post by: RokokGudangGaram on April 12, 2019, 07:51:54 AM
Even now, the crypto exchange rates can be influenced by rumors and assumptions. On top of that, many of the traders are quite young (in their 20s and 30s), and they don't shy away from taking risky moves.
hence the number of new traders who take big risks that make the market quickly experience a surge. because with the large number of people who adopted it big it could make the market soar


Title: Re: What causes the sudden surge of market?
Post by: Pamadar on April 12, 2019, 04:05:00 PM
Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever. News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun? That's really fishy considering they can profit way more than their buys, what are your insights on this? Organized whales or institutions strategy?
This can be like a pump price and there is a possibility of a dump. But seeing the enthusiasm of the crypto users, I am very sure that this can be maintained, now we are starting a new level and such restrictions are quite difficult to influence. yes, although everything can happen, but this situation is worth taking as much as possible.
Can a good turning point to attract more investors and traders, the current momentum are also gaining attentions so new interested people will
come along and start understanding this system and possibly to invest their money, there's no assurance but if this momentum will be maintained
it will be a good starting point for many newbies to invest in.


Title: Re: What causes the sudden surge of market?
Post by: wuvdoll on April 12, 2019, 06:10:49 PM
If we are out here trying to figure out what made it go up than we are going to miss out what made it go down as well. That is the real question, what makes it go down, we know that buying is making it go up and we know why people buy, because they want to make profits or because they want to own bitcoins and all that, people do not want to miss out on bitcoin and other coins because they think that is the best investment they can make.

Moreover, what makes them sell ? What makes them give up on that? Price drop is a good reason because they feel like it wasn't a good decision and they lost money and they leave however what made it go down at the first place? What makes people sell at 20 thousand dollars, why not at 15, why not at 25 ? I mean we could totally keep going if they don't, what makes them sell it? If we find that out, than we are going to be fine.


Title: Re: What causes the sudden surge of market?
Post by: GregH37 on April 12, 2019, 06:39:42 PM
Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever. News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun? That's really fishy considering they can profit way more than their buys, what are your insights on this? Organized whales or institutions strategy?
I am not sure that figure 20,000 BTC quoted is accurate, because itís nothing compared to the growth the market witness in its market cap recently, in which bitcoin contributes at least 70% to the marketcap.

I still canít really spot out the main factor contributing to this growth and from which angle the growth is coming from, the institutions we know will be adopting the use of crypto currency are still yet to adopt it, which we would have said itís the main factors and there is not form of very great news that would have triggered peopleís FOMO to pump so much money into the marketcap, we just have to cross and fingers with care while we watch as events unfolds.


Title: Re: What causes the sudden surge of market?
Post by: Palmaper on April 12, 2019, 06:48:43 PM
I have also heard the rumor of someone buying a significant amount of bitcoins, but this news alone does not seem to have the capacity to move the entire market so significantly, although there is no doubt that the mere strength of the rumor has an important impact on the psychology of the market, which has long shown how sensitive is to this type of rumors.

In my opinion the Bitcoin was unjustifiably undervalued, and the movement we have seen these days is nothing more than a market adjustment towards more real prices, which could involve another long season around $5,000 before the next major move.


Title: Re: What causes the sudden surge of market?
Post by: playboy654 on April 12, 2019, 06:50:28 PM
It definitely need to move in some direction so if it is possible to we have to make their confident about the next year and I think it will going on the positive way and it will be a good address and sign for every investors to get ready for getting the profit.


Title: Re: What causes the sudden surge of market?
Post by: upsidedown75 on April 12, 2019, 07:02:23 PM
I have read some threads too since the price increase and I have not seem to see someone giving precise reason for the move. I take it like volatility is part of bitcoin. If the whales made a huge order, I'm sure by now, price should have dropped because it is not a teal price move.
Even if they made BIG order, it may not have likely affected the price to decrease, because the other they probably made would be for future purpose and if they have to take any, it would be little by little, the whales too are after the ATH like that of last year and not these little price increase.

Plus, talking of whales, we still need lots of whales to be able to move the market from where it is now to that of 2017, but I believe the market can really do fine without their contribution, we need honest investors and lots of institutions, by the time institutions falls into the system, all these whales may become very irrelevant a bit.


Title: Re: What causes the sudden surge of market?
Post by: BestSSS on April 12, 2019, 07:08:45 PM
Factors for the growth of the market is actually enough to throw them into the Internet parties and the price begins to move in the right direction.
In addition, everything is tied to technical analysis and build charts, for example, if the price approaches the boundaries of some figure or support level - wait for news and breakout of the trend line.
But mostly the price is manipulated by large investors and chaos, so be careful and put your feet


Title: Re: What causes the sudden surge of market?
Post by: jems on April 12, 2019, 07:46:10 PM
Lots of confusing news that talks about this and they have their own opinions. I myself feel confused about the truth, though I feel quite calm and happy with this price surge.


Title: Re: What causes the sudden surge of market?
Post by: Akagum on April 12, 2019, 08:15:03 PM
I understand that the cryptocurrency Market moves in the direction of speculations and also the factors of demand and supply could influence price.
But I am confused as to which of these factors triggered the recent surge in price that we saw recently.
Can't really say.


Title: Re: What causes the sudden surge of market?
Post by: akram143 on April 12, 2019, 09:32:03 PM
Because it takes long time to hold an and making the market stable so now it is the time to take off and it will be more of like cryptocurrency will be developing in this situation so we need to make the the development possible and it will happened in this situation .


Title: Re: What causes the sudden surge of market?
Post by: MrPiggles on April 13, 2019, 02:20:22 AM
Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever. News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun? That's really fishy considering they can profit way more than their buys, what are your insights on this? Organized whales or institutions strategy?

we are in the crypto world and for the years that we have had since the existence of bitcoin a lesson we have to learn: one should never rely on the analyses and opinions of these analysts and the news channels. Today the price fell below  $5000, it will not take long for all news channels to talk about this price fall and make their assumptions about the reasons for this price decrease
The value of Bitcoin depends on many different reasons and mostly due to investor psychology. If everyone's psychology is really good, maybe this year everything has returned to 2017 but until now this has not happened and the panic sale makes the market harder to recover. In my opinion, the $ 5,000 price will remain until the end of April because no big news can make Bitcoin reach $ 6,000 and everything will be very risky at the moment.


Title: Re: What causes the sudden surge of market?
Post by: Cherylstar86 on April 13, 2019, 02:52:19 AM
Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever. News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun? That's really fishy considering they can profit way more than their buys, what are your insights on this? Organized whales or institutions strategy?

we are in the crypto world and for the years that we have had since the existence of bitcoin a lesson we have to learn: one should never rely on the analyses and opinions of these analysts and the news channels. Today the price fell below  $5000, it will not take long for all news channels to talk about this price fall and make their assumptions about the reasons for this price decrease
The value of Bitcoin depends on many different reasons and mostly due to investor psychology. If everyone's psychology is really good, maybe this year everything has returned to 2017 but until now this has not happened and the panic sale makes the market harder to recover. In my opinion, the $ 5,000 price will remain until the end of April because no big news can make Bitcoin reach $ 6,000 and everything will be very risky at the moment.

  The rapid movement of bitcoin is not about investor's psycho the situation, perhaps it is about the market volatility that always appear in the market cap. Investor's psychology are just speculation that enlightened the situation to look easy even in the midst of difficulties. We had endure the long bear market and the rescent day bitcoin's value start to pump but lately decline, atleast it has shown a good sign to speculate how it will grow accumulately, let's just wait the big bull run occurence by this 2019.


Title: Re: What causes the sudden surge of market?
Post by: GregH37 on April 13, 2019, 04:57:39 AM
The only place where I have seen related news is this forum and we are still yet to confirm the genuineness of the news, though I learnt that Russia bought about $1.8 million dollars worth of coin for themselves due to some crisis that they will soon experience because the American economy too is about into recession.

This is the time were a lot of countries will begin to go into recession thereby causing inflation in the country and all this countries will begin to look for alternative to grow their country again, and bitcoin will be the only hope they would have to do that, we have started seeing it already.
I read this in someoneís comment too but was just a wishful thinking or will I say a proposal, I am not sure any of these action has yet been taking and most government including Russia is yet to adopt crypto, and if they had even done so, what will a whole government be doing with such small amount of investment.

What pushed the market capital up recently was almost a total of $20 billion, if it was because of this amount, then we have many investors that are in the market that are more than capable to buy 450 bitcoin, because that is exactly what the money you quoted can buy, the recent quote I even got of an investors buying up to 20,000 btc at once is not even enough to experience such spike we saw, talk less of just 450 BTC. This will surely happen in the future because every nation will eventually adopt crypto.


Title: Re: What causes the sudden surge of market?
Post by: noormcs5 on April 13, 2019, 07:27:26 AM
I understand that the cryptocurrency Market moves in the direction of speculations and also the factors of demand and supply could influence price.
But I am confused as to which of these factors triggered the recent surge in price that we saw recently.
Can't really say.


Well, sometimes the prices move without any TA and FA and it is the whales who actually manipulate the market and surge the prices for their own benefit.

Because it takes long time to hold an and making the market stable so now it is the time to take off and it will be more of like cryptocurrency will be developing in this situation so we need to make the the development possible and it will happened in this situation .

Patience is the key in crypto currency market. If you are able to show patience and do not sell early, you will surely be rewarded good in crypto market.


Title: Re: What causes the sudden surge of market?
Post by: ausbit on April 15, 2019, 03:57:53 PM
I understand that the cryptocurrency Market moves in the direction of speculations and also the factors of demand and supply could influence price.
But I am confused as to which of these factors triggered the recent surge in price that we saw recently.
Can't really say.


Well, sometimes the prices move without any TA and FA and it is the whales who actually manipulate the market and surge the prices for their own benefit.
The fluctuation we see today that is causing the market to really fluctuate is as a result of peopleís impatient, no matter how hard we preach this, it is unfortunate it still comes to play every time BTC tries to spike, our impatience brings it down again because  most of us with small investment can easily move our fund out for the profit.

But, this action of ours selling off is really discouraging some investors who would like to invest in a stable coin because of the purpose they wish to use the coins they are buying for, like you said, we should learn not to sell early so we can keep the market stable and green.


Title: Re: What causes the sudden surge of market?
Post by: Barbut on April 15, 2019, 05:41:55 PM
I understand that the cryptocurrency Market moves in the direction of speculations and also the factors of demand and supply could influence price.
But I am confused as to which of these factors triggered the recent surge in price that we saw recently.
Can't really say.


Well, sometimes the prices move without any TA and FA and it is the whales who actually manipulate the market and surge the prices for their own benefit.
The fluctuation we see today that is causing the market to really fluctuate is as a result of peopleís impatient, no matter how hard we preach this, it is unfortunate it still comes to play every time BTC tries to spike, our impatience brings it down again because  most of us with small investment can easily move our fund out for the profit.

But, this action of ours selling off is really discouraging some investors who would like to invest in a stable coin because of the purpose they wish to use the coins they are buying for, like you said, we should learn not to sell early so we can keep the market stable and green.
Years of hard work! Behind every rise, behind current price there is a lot of people who sacrifice everyday for the past 10 years! Most of us here are heavily involved in crypto in past years, each of us gave some contribution, each of us spread the word and introduce new people with crypto almost everyday. When price is rising, hard work is paying off itself!


Title: Re: What causes the sudden surge of market?
Post by: monalia on April 15, 2019, 05:47:43 PM
I understand that the cryptocurrency Market moves in the direction of speculations and also the factors of demand and supply could influence price.
But I am confused as to which of these factors triggered the recent surge in price that we saw recently.
Can't really say.


Well, sometimes the prices move without any TA and FA and it is the whales who actually manipulate the market and surge the prices for their own benefit.
The fluctuation we see today that is causing the market to really fluctuate is as a result of peopleís impatient, no matter how hard we preach this, it is unfortunate it still comes to play every time BTC tries to spike, our impatience brings it down again because  most of us with small investment can easily move our fund out for the profit.

But, this action of ours selling off is really discouraging some investors who would like to invest in a stable coin because of the purpose they wish to use the coins they are buying for, like you said, we should learn not to sell early so we can keep the market stable and green.

No fluctuation today. the market seems fine and I traded bitcoin for fiat cash on LBC yesterday and today. More or less I got the same fund from the traders but the price traders fixing higher than the marketplace value I can see in google calc.
Selling bitcoins is not at all good for the long term returns. Incase they need to emergency money then they can do that without think about anything.