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Author Topic: How does price go up or down?  (Read 931 times)
cerejobastos
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January 27, 2017, 06:06:01 PM
 #1

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 Smiley still learning stuff about crypto and economics

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January 27, 2017, 06:08:58 PM
 #2

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

price movements often correlate with volume spikes, either up or down.
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January 27, 2017, 06:27:14 PM
 #3

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.

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January 28, 2017, 02:25:47 AM
 #4

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 Smiley still learning stuff about crypto and economics

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.

"The Internet unshackled information, Satoshi Nakamoto unshackled money. And money makes the world go round."
fortunecrypto
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January 28, 2017, 02:50:38 AM
 #5

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 ..



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BitcoinHodler
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January 28, 2017, 03:30:22 AM
 #6

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 Smiley still learning stuff about crypto and economics

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 Cheesy














 

 

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