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Author Topic: How Cryptocurrency rates especially BTC Fluctuate so quickly?  (Read 366 times)
aiguy
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September 04, 2020, 01:47:54 PM
 #1

I always wonder How Cryptocurrency rates especially BTC Fluctuate so quickly? I mean is there any system on which there rates are decided? If so, what is it?
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September 04, 2020, 01:55:43 PM
 #2

I mean is there any system on which there rates are decided? If so, what is it?
Well, mainly, eversince, the supply of bitcoin/cryptocurrency, and the market demand. Exchanges have a huge factor of it - the price and volume.

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September 04, 2020, 02:13:24 PM
 #3

I suppose its always a market sentiment that could be influenced by external factors and these are implemented mostly by a myriad of trading bots that executes buy and sell orders and have a ripple effect towards every crypto markets fueling volatility.  Smiley
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September 04, 2020, 02:22:08 PM
 #4

Actually, market price determines by the seller/buyer. When suddenly increase sell pressure then the price would drop suddenly as well. If suddenly increase buy pressure then the price would be increasing as well. But the initial price depends on many things and I think your question isn't about the initial price. So we can say that price influences of bitcoin or other crypto come from the exchange since trading happens on there. There is one more thing, market manipulation. You should learn about it to know better research about price calculation.





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September 04, 2020, 02:23:37 PM
 #5

I always wonder How Cryptocurrency rates especially BTC Fluctuate so quickly?
Because especially compared to other assets like gold and higher-cap stocks, liquidity is a lot lower with bitcoin. Stocks and gold has existed for so long already that a lot of people and a lot of machines are trading them back and forth a lot of times on the daily and there are far more buy/sell offers on the market that it will take a lot more to move the prices of these assets. As with bitcoin, it's just more than a decade old, and is very very easily affected by news and rumours knowing that a lot of people that are buying and holding bitcoin never traded anything in the past before(hence mostly far more inexperienced with investing in general, hence easily affected by their emotions).

I mean is there any system on which there rates are decided? If so, what is it?
Assuming you're referring to prices from sites like Coinmarketcap, the Coinmarketcap price of bitcoin and other cryptos is the average of these coins' prices on exchanges. If you're talking about specific exchanges, then prices of coins are decided with the latest executed buy/sell trade offer.

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September 04, 2020, 02:26:16 PM
 #6

The prices depend on exchanges and the demand for BTC against altcoins for trading at any given day. The price fluctuations are mainly driven by bot traders looking to get the most out of arbitrage trading as well as by swapping Alts to gain more BTC during their upward moves. BTC moves also depend on market sentiments of adoption, regulation or hacks.

There is a huge category of low liquidity cryptocurrencies which are listed on almost no exchanges and as soon as people FOMO, the prices tend to pump up as bag-holders will continue to raise prices depending on incoming volume. Lots of bot trading and whale manipulation goes on in pumping the prices of alts. The only prices that you can safely assume to be linked with demand and market sentiment is for BTC. Rest of them all is either whale manipulation or rumors about "Projects".

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September 04, 2020, 02:47:38 PM
 #7

A lot depends on the volume of known exchanges like Coinbase, Binance, Kraken, and others. The cryptocurrency market is relatively new and evolving, with time and more investors coming into the market the volatility will decrease. It all depends on the Marketcap the more it is the less volatile the market will be.

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September 04, 2020, 03:21:22 PM
 #8

Its pretty easy to be whale in crypto, whales could manipulate price as they want. Also, a lot of fomo and fud here, that's affect the price too
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September 04, 2020, 05:21:05 PM
 #9

Its pretty easy to be whale in crypto, whales could manipulate price as they want. Also, a lot of fomo and fud here, that's affect the price too

How on earth it is pretty easy to become a whale in crypto? I would like to know!

Whales are definitely there but they are not the only reason why bitcoin price fluctuates. It's just one of the many reasons out there! What fluctuation you see, is one of the rawest form of human emotion without any centralized authority to step in.

FUDs usually play a role but it's super temporary unless that FUD comes from any world leader or someone supremely powerful.

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September 04, 2020, 05:29:31 PM
 #10

Supply, Demand. And both are much more fast moving than conventional markets. It trades 24/7 worldwide. It is also a very thin market, there may not be many buy or sell orders maintaining that price and it doesn't take much to demolish them. Traditional markets are like supertankers, slow and sluggish and deep. Crypto is like a fly in the wind in comparison. It's far more vulnerable to being blown about by a modest breeze.
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September 04, 2020, 05:59:58 PM
 #11



A single news probably from a senate hearing can cause the price to dive down to 20%, whenever they hear something is up to happen the fluctuation could happen quicker than you can open your phone to bid. Traders out there are just quick to take profit whenever there is opportunity and they'd do it before you can sell yours. The fewer the supply to more you have to hurry else you will have to buy back for a higher price due to the demands.


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September 04, 2020, 06:05:07 PM
 #12

A single news probably from a senate hearing can cause the price to dive down to 20%, whenever they hear something is up to happen the fluctuation could happen quicker than you can open your phone to bid. Traders out there are just quick to take profit whenever there is opportunity and they'd do it before you can sell yours. The fewer the supply to more you have to hurry else you will have to buy back for a higher price due to the demands.

Another factor is that many people in this market won't have any experience of any other type of trading and will never have traded before. We see screechy kiddies whipping themselves up into a whirlwind of hysteria and blowing it here every single day. The proper pros know they're easy pickings so they keep fleecing them over and over again.

It's not like this scene is overflowing with balanced adults.
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September 04, 2020, 06:14:45 PM
 #13

I always wonder How Cryptocurrency rates especially BTC Fluctuate so quickly? I mean is there any system on which there rates are decided? If so, what is it?

In terms of value in the market, the main reason is always the demand and supply because these are the primary factor affecting the price movement in the market. I think many people are selling their bitcoins that's why it's value suddenly pulled down. Also another factors that affect the market movement is the implemented trading bots to executes buy and sell order very fast.

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September 04, 2020, 06:27:41 PM
 #14

Free market--virtually everyone can participate in the trading action so long as they have the money and the guts to do so. Even with exchanges imposing strict KYC rules, platforms that offer decentralized trading action can be utilized in order to participate in this huge market. Also, the supply and demand is ever-changing, with impasses happening for a few moments then the next thing you know the price either crashes or rushes upward. And given that no tight regulation is in place for the trading activity of cryptocurrencies, you can see that once momentum is built up on either side of the board, it keeps on rolling until the market makers says stop.

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September 04, 2020, 08:39:01 PM
 #15

Another factor is that many people in this market won't have any experience of any other type of trading and will never have traded before. We see screechy kiddies whipping themselves up into a whirlwind of hysteria and blowing it here every single day. The proper pros know they're easy pickings so they keep fleecing them over and over again.

It's not like this scene is overflowing with balanced adults.
It is true that majority of the investors have never traded before and those are especially who started with BTCitcoin from the start and have accumulated a lot of coins and they might have traded like kiddies in the past but right now there is enough time for any major holder to learn the trade and anyone who invested at a later time has the knowledge about trading.

I believe major fund houses has hands in the market and they are capable of creating a major sell off and book their profit and then enter again after a small correction.

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gentlemand
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September 04, 2020, 08:57:45 PM
 #16

It is true that majority of the investors have never traded before and those are especially who started with BTCitcoin from the start and have accumulated a lot of coins and they might have traded like kiddies in the past but right now there is enough time for any major holder to learn the trade and anyone who invested at a later time has the knowledge about trading.

It's a lovely idea. We all know that's not going to happen. Even people who've been here since double digit bitcoins have freaked out and blown it. Most people simply are not built to be successful traders no matter what they do. That's how it is and how it'll always be.

That's different from holders. I know enough to know that I'm shit at trading and shouldn't go anywhere near it. Some have to lose a lot before figuring that out.
jossiel
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September 04, 2020, 09:56:56 PM
 #17

Its pretty easy to be whale in crypto, whales could manipulate price as they want. Also, a lot of fomo and fud here, that's affect the price too
Easy to say but becoming one, I don't think that it will ever happen to me based on what you are saying that it's easy. The factors that you have mentioned such as news, it does affect the market.

Bitcoin is highly volatile and that's why it fluctuates so much. Just like the answer by most about supply and demand, it all happens at the same time. If more people are selling, you'll notice it as it's dropping quickly and vice versa.

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GreatArkansas
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September 04, 2020, 10:05:31 PM
 #18

Its pretty easy to be whale in crypto, whales could manipulate price as they want. Also, a lot of fomo and fud here, that's affect the price too
Sometimes I doubt with whales in crypto, sometimes I am thinking that these whales are just a myth. It's kinda difficult.
FUD sometimes is also one of the reason why BTC fluctuate quickly and for sure if you have lot of money you can make BTC price actions fluctuate.
But what I really know, it is based on the buyers and sellers, the bids or asking prices.





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Baofeng
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September 04, 2020, 10:17:59 PM
 #19

I always wonder How Cryptocurrency rates especially BTC Fluctuate so quickly? I mean is there any system on which there rates are decided? If so, what is it?

Supply/Demand, the basic principle, the higher the demand, the price is obviously getting to be positively affected. So there are no written system per se, but supply and demand are affected by a lot of factors, i.e. negative news, hype or FOMO then manipulation.
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September 04, 2020, 11:14:25 PM
Last edit: September 05, 2020, 01:36:09 AM by Cryptoreflector_666
 #20

Its pretty easy to be whale in crypto, whales could manipulate price as they want. Also, a lot of fomo and fud here, that's affect the price too
Sometimes I doubt with whales in crypto, sometimes I am thinking that these whales are just a myth. It's kinda difficult.
FUD sometimes is also one of the reason why BTC fluctuate quickly and for sure if you have lot of money you can make BTC price actions fluctuate.
But what I really know, it is based on the buyers and sellers, the bids or asking prices.

Sometimes I doubt with whales in crypto, sometimes I am thinking that these whales are just a myth. It's kinda difficult.
FUD sometimes is also one of the reason why BTC fluctuate quickly and for sure if you have lot of money you can make BTC price actions fluctuate.
But what I really know, it is based on the buyers and sellers, the bids or asking prices.

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