The "what's causing this price increase/decrease?" thread

[franky1]

this makes more users want to just buy instead of mine it.

Why would they buy it instead? Usually, when someone wants to mine, he does it by ensuring he'll have a profit from this procedure. If he buys Bitcoin, how can he be sure that he'll increase his earnings?

first. someone doesnt join bitcoin to mine.. they join to get bitcoin..
the way they get bitcoin then becomes a decision. some prefer trading and dont want to mine no matter if its cheap. some will mine no matter the price.
some look at the price. vs cost. and then work out the best way

so to answer your question why buy..
because there are occassions where its not cheaper to mine!!!
(unless willing to sell your house and move to another country)

its better to ask it in another format..
why do greengrocers buy banana's..
because they are speculating they can later sell banana's for more then they bought them for..
part of this is deciding should they farm their own.. which has a cost. or find a simple method to obtain banana's if the wholesale price of banana's is cheaper then farming this season in their region

most regions find it cheaper to buy banana's than to farm them themselves.. and so they do that.

and thats basic economics. .. of every 'produce'
the real question is not why buy if they want to mine.. the question is why mine if you can buy cheaper
EG when the price was $30k but american hobby miners had a $35k mining cost.. why would they mine.. its cheaper to buy

and now you understand that different regions have different margin zones that have a pivot point of that decision. which is where most of the 'support levels' and resistant levels occur

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[AverageGlabella]

This topic should be in the speculation sub forum but the answer to the question will always be supply and demand and that is for everything that has a value. Food is expensive because there is a lot of demand but it is not $1000 per carrot because there is a lot of people supplying food. Bitcoin is worth what it is because there is a lot of demand but there are limited amounts that are being supplied because of how the block rewards are designed.

OK...so...anygjing specific for the increase this time? Especially ETH

Supply and demand and altcoins will benefit from Bitcoin increasing in price look at any charts and there will be a correlation between both Ethereum and Bitcoin with Bitcoin leading the pumps.

[9thsky]

This topic should be in the speculation sub forum but the answer to the question will always be supply and demand and that is for everything that has a value. Food is expensive because there is a lot of demand but it is not $1000 per carrot because there is a lot of people supplying food. Bitcoin is worth what it is because there is a lot of demand but there are limited amounts that are being supplied because of how the block rewards are designed.

OK...so...anygjing specific for the increase this time? Especially ETH

Supply and demand and altcoins will benefit from Bitcoin increasing in price look at any charts and there will be a correlation between both Ethereum and Bitcoin with Bitcoin leading the pumps.

Your answer is equivalent to...

"What do you want to eat?"

"food"

[Ararbermas]

I'll start...what's causing this recent price increase. Anything particular?

there are some good news about bitcoin reason there's a sudden increased from the support level sice the hard fall. Indeed market nowadays is about what's treding around the internet that's why when we there's a good news such adoption there's always an impact in bitcoin price, so don't be surprised when there are some changes in the market, because its totally obvious what really causing of bitcoin performance nowadays. Or should i say ever since before.

[9thsky]

So what's causing these dips now? Any particular reason?

[Dave1]

So what's causing these dips now? Any particular reason?

No, I don't see any reason for the dip, maybe it was about time to have what we call a "healthy correction" as we can build more in the next coming weeks and the possibility of a $50k break out is positive.

And if you look at the price movement lately, that $48k price levels seems to be a big wall. So in order to break it, we need to step back around $44k-$45k again, gain some momentum and then attack that big wall in front of us.

[ethereumhunter]

So what's causing these dips now? Any particular reason?

It is just another correction that happens to the market, but if people think that the price will go down for more and panic to see the price now, they will sell their bitcoin and that can make the price go down or even the price will drop significantly. It will be almost the same thing if the bad news is released to the public and makes people panic, so hopefully, nothing to worry about. We hope that people are not panicking and still calm down with the current situation and think that is a good time to load more bitcoin.

[leea-1334]

No, I don't see any reason for the dip, maybe it was about time to have what we call a "healthy correction" as we can build more in the next coming weeks and the possibility of a $50k break out is positive.

And if you look at the price movement lately, that $48k price levels seems to be a big wall. So in order to break it, we need to step back around $44k-$45k again, gain some momentum and then attack that big wall in front of us.

I guess at this point we will always call any and all corrections as healthy;) But no of course,,, when we are making slow pumps like now and I mean slow in relation to how volatile crypto can get, these kinds of dips are actually healthy as they throw out the shortterm speculators and give buyers more space to keep demand.

[BlackHatCoiner]

first. someone doesnt join bitcoin to mine.. they join to get bitcoin..

They join to have a profit. If they don't have a profit from this procedure, they have no reason to mine. They can simply buy if they want Bitcoins.

so to answer your question why buy..
because there are occassions where its not cheaper to mine!!!

I was trying to tell you that buying Bitcoin and mining Bitcoin are two separate ways to earn Bitcoins, but not to increase your earnings. As long as the income from mining is greater than the cost, you'll prefer to continuously mine, because you'll definitely have a profit assuming that you'll sell it later at the price it was valuated when you started. But, by buying Bitcoin you don't ensure a profit.

That's all I said. Nonetheless, if you insist on earning Bitcoins, you could mine them instead of buying them even if doesn't worth it.

[Yaunfitda]

No, I don't see any reason for the dip, maybe it was about time to have what we call a "healthy correction" as we can build more in the next coming weeks and the possibility of a $50k break out is positive.

And if you look at the price movement lately, that $48k price levels seems to be a big wall. So in order to break it, we need to step back around $44k-$45k again, gain some momentum and then attack that big wall in front of us.

I guess at this point we will always call any and all corrections as healthy;) But no of course,,, when we are making slow pumps like now and I mean slow in relation to how volatile crypto can get, these kinds of dips are actually healthy as they throw out the shortterm speculators and give buyers more space to keep demand.

Most likely this is the case, just small corrections, as we have been testing resistance for many days now.

Actually we have two good news, first the Walter wanting to get a crypto expert for their blockchain strategy.

And then we have Binance hiring Greg Monahan, a ex-US Treasury criminal investigator, as its global money laundering reporting officer.

So let this correction happen, so that we can solidity which price it will sudden because the next attempt to break $48k.

[LogitechMouse]

tldr; supply and demand

Not sure if that was supposed to be a smartass'ish answer...

This might be the smartass'ish answer like you said but that three words speaks it all.
There is no need to answer your question with a paragraph that consists of 5 sentences or more or anything because as an investor, that must be the first thing that you must've know.

So what's causing these dips now? Any particular reason?

Possible that many of the holders or those who bought Bitcoin at the near $30,000 price sold some if not all of their holdings. Dips, corrections and massive downward movement are all normal when it comes to cryptocurrency and that is also the reason why people are earning many profits .

[Obito]

~

Not sure if that was supposed to be a smartass'ish answer...

Maybe, but it's true though. What @mk4 iss saying might put you off but it's true. I meam why are you offended by it? It's not like your thread is a complicated question because I think any person who at least have learned about economics in their schoold days, probably knows about supply and demand.

[Dave1]

~

Not sure if that was supposed to be a smartass'ish answer...

Maybe, but it's true though. What @mk4 iss saying might put you off but it's true. I meam why are you offended by it? It's not like your thread is a complicated question because I think any person who at least have learned about economics in their schoold days, probably knows about supply and demand.

I mean we don't need to over complicate things, it is the basic economic principle of any assets, not just bitcoin so yeah, supply and demand it is. But there could be more underlying reasons to it, and maybe that's what everyone is trying to dig here. But if we can't then we go back to supply and demand - "occam's razor".

[bitterguy28]

There is the normal fluctuation, and then there is a particular reason - like Tesla deciding to not accept bitcoin payments which caused bitcoin to plummet %40.

This thread is for those particular reasons.

Sometimes, the market moves abruptly and drastically and we might not catch the reason in the news. That's when this thread comes in handy. You can know here what the reason is for the drastic increase or decrease in prices that you're seeing.

If it's not already mentioned, ask, and someone will reply.

Because the world of crypto now are just being matured enough to not becoming a stupid panicking like what the past dictates in every time there is changes in prices.

In past every 1-5k price difference people already think of either to sell or buy and this is what changes now.

even small investors are now willing to Buy and Hold and not to earn quick bucks because they already knew this will only brings losses .

[Sayeds56]

There is the normal fluctuation, and then there is a particular reason - like Tesla deciding to not accept bitcoin payments which caused bitcoin to plummet %40.

This thread is for those particular reasons.

Sometimes, the market moves abruptly and drastically and we might not catch the reason in the news. That's when this thread comes in handy. You can know here what the reason is for the drastic increase or decrease in prices that you're seeing.

If it's not already mentioned, ask, and someone will reply.

The simplest answer to your querry is, It is Supply and demand that moves the price of any asset in any market but there are many other factors as well. Any update of coin network that adds value to its use case can also move the price like what happend with Ethereum after London Hardfork that cause almost 1000$ increase in its price. Going furthermore on the Tpoic, whales aslo manipulate the price for their benefit. they pump and dump and small investors suffer.

[rahmatrf331]

There is the normal fluctuation, and then there is a particular reason - like Tesla deciding to not accept bitcoin payments which caused bitcoin to plummet %40.

This thread is for those particular reasons.

Sometimes, the market moves abruptly and drastically and we might not catch the reason in the news. That's when this thread comes in handy. You can know here what the reason is for the drastic increase or decrease in prices that you're seeing.

If it's not already mentioned, ask, and someone will reply.

I assume that the current market price is no longer influenced by supply and demand, so the ups and downs of the bitcoin market are now influenced by rumors circulating in the media world. if the rumors are positive, investors flock to buy bitcoin because they see the hope that bitcoin will be pumped, then when rumors say the opposite, investors are competing to sell some of the reasons for selling at a high price and then buying at a low price.

[leea-1334]

I guess at this point we will always call any and all corrections as healthy;) But no of course,,, when we are making slow pumps like now and I mean slow in relation to how volatile crypto can get, these kinds of dips are actually healthy as they throw out the shortterm speculators and give buyers more space to keep demand.

Actually we have two good news, first the Walter wanting to get a crypto expert for their blockchain strategy.

And then we have Binance hiring Greg Monahan, a ex-US Treasury criminal investigator, as its global money laundering reporting officer.

Binance really needs a pick me up like this after the past 2 months of people terrorizing them:) Their Binance US CEO already stepped down citing differences of opinion so them hiring the US ex Treasury guy as AML processes monitor should be a really good first step to marking down their recovery in US and rest of the world.

[Obito]

~snip

I mean we don't need to over complicate things, it is the basic economic principle of any assets, not just bitcoin so yeah, supply and demand it is. But there could be more underlying reasons to it, and maybe that's what everyone is trying to dig here. But if we can't then we go back to supply and demand - "occam's razor".

Totally agree with you, it's just that @9thsky made things a big deal plus this thread shouldn't have existed in the first place because it's a simple question with a really simple answer or in this case an obvious answer with the nod to the Occam's Razor reference. The underlying factors might not be too much of an influence to the market and if it is, it probably affects the supply or the demand.

[ROSEDF]

People believed some media reports. Believe in FUD.
The price will fluctuate because people's demand for currency rises or because of panic selling.

[rodskee]

There is the normal fluctuation, and then there is a particular reason - like Tesla deciding to not accept bitcoin payments which caused bitcoin to plummet %40.

This thread is for those particular reasons.

Sometimes, the market moves abruptly and drastically and we might not catch the reason in the news. That's when this thread comes in handy. You can know here what the reason is for the drastic increase or decrease in prices that you're seeing.

If it's not already mentioned, ask, and someone will reply.

|Good to see that finally there is a thread dedicated only for spam threads like the questions mentioned and that caused many new created thread time to time specially in out time now that changes comes here and there.

Hope that Mod will delete the same thread , to push all details to be answered here so there will be no another megathread to be born.

People believed some media reports. Believe in FUD.
The price will fluctuate because people's demand for currency rises or because of panic selling.

Actually OP is asking for more detailed answers so the question will always remain unanswered .