How does price go up or down?

[cerejobastos]

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

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[SEOcrypto]

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

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

[jeffthebaker]

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.

[MicroGuy]

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

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.

[fortunecrypto]

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 ..

[BitcoinHodler]

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

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

[hurriebra49]

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. 

[Riten]

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.

[Katya91a]

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

[lang shao]

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

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.

[biochem123]

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

[the13thsymphony]

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.

[eagleman]

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

This is correct.
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.

[zingspeed123]

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.

[Fakeer 666]

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.

[xenosaga]

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.

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.

[handini]

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

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.

[blingow]

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.

[bitcoinpeople3]

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.

[Prem Thakurain]

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