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Author Topic: Why does it grow?  (Read 114 times)
fritzwalter195 (OP)
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January 18, 2018, 06:50:18 PM
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It was low yesterday, but it grew today. What is the reason? Is it because people started buying too much?
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nthnode404
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January 18, 2018, 07:11:09 PM
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It was low yesterday, but it grew today. What is the reason? Is it because people started buying too much?

If you're talking about the prices of the cryptocurrencies going back up, there are many reasons. Some people just panic sell due to fear of losing their money. Others just sell to take out their profits when they make enough to satisfy them. But a big reason I think they were selling is to pay the bills, i.e. Christmas spending and getting ready to pay their taxes. The people who wait for the sellers to drop the markets start buying up because all the coins they want are considered on sale, so they are buying them up at very low prices. That makes the prices rise again.

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jackichan
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January 19, 2018, 11:45:36 AM
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Because people started buying too much!
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January 22, 2018, 04:39:44 AM
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It was low yesterday, but it grew today. What is the reason? Is it because people started buying too much?

If you mean cryptocurrencies, that depend from people activity with trading.
bitcoin_green
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January 22, 2018, 05:48:38 AM
 #5

It was low yesterday, but it grew today. What is the reason? Is it because people started buying too much?

When people buy alot, the prices go up. When people sell alot, the prices go down. It's almost possible to predict the day to day movements of the stock market.
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