Why Bitcoin's Price Surges and Drops Unexpectedly

[Yamifoud]

This is a game played by market makers, and we will undoubtedly have to endure such fake news in the future. There's no doubt anymore, and this is the phase where the whales are accumulating. They are generating false information to create frustration among investors, and in some cases even worse news, to buy tokens at extremely low prices. This is the time for investors to acquire their favorite tokens. Don't miss the opportunity in the last months of 2023, and 2024 is the time for us to take profits

You can think of manipulation but this is how the volatility looks like and I was certain that we know that already.
The price of Bitcoin is just like a roller coaster it dumps and pumps for some reason that is why we make ourselves ready for it and not get affected by the price movement. This is normal in the crypto space, we saw the price of Bitcoin pump today but never expect that it remain the same tomorrow as it certainly be changing its course. But guess what, the volatility of the market is a reason why we earn a profit here and attract more traders.

[Zicadis]

When Cointelegraph sneezes fake news, Bitcoin catches a cold... to the tune of $100m in short liquidations! 🤧

Anyhow, volatility of anything that has value attached being a 'good' or a 'service' is dependent on supply /demand dynamics. The mere  'fake' SEC approval of BlackRock's BITCOIN ETF was nothing but a 'TEST' if you can call it that though an insightful one since is demonstrates the seismic waves the real SEC approval will send.

Ahh, for a funnier explanation, check this: volatility is just Bitcoin's way of keeping us on our toes, at least a short-break from all these 'hacks' and 'wallet drains attacks'.

[danherbias07]

In my opinion, what they did was manipulation, and sadly, no one is suing them for that mistake.
This kind of thing should never happen especially for a reputable news outlet like them and worse they specialize in cryptocurrencies so investors, traders, and retail buyers are all eyes on them every day to sniff news about what's happening in the cryptocurrency industry. Many people are following that website and I do believe they are always offering good or bad news in their articles but this should never happen because lots of money are gone and whoever sold at that amount is one heck of a millionaire now. Just like that.
Thankfully now Bitcoin is not taking the plunge and I think those who bought on that recent fake news period will just stay and wait instead for an opportunity to sell it back or better just hodl it.

[JeffBrad12]

you can see the fear of missing out to invest in bitcoin when news about ETF going around, its increasing suddenly because everyone think it will increase due to the fact that there are news about bitcoin approval for ETF then suddenly it falls after knowing that its not really true.
thats the thing with cryptocurrency market and arguably any other investment in general, the news could massively affect the general sentiment and also the price of the investment.
the sudden rally and correction is definitely caused by that news since I see no other significant news appearing. the most important thing is that we can take advantage of it.

[fmz89]

the movement help by liquidation some futures, and etf might or people believe it start begining of no coiner bullrun
with gold pushed by BRICS, u.s has no option to approve btc etf to minimize u.s retail power not to invest in gold, in favor of BRICS

[Biznesmen]

The price of Bitcoin went up from $28,000 to $30,000 and then back down within minutes, all because of unproven rumors about the approval of a Bitcoin investment fund.



On Monday, something interesting happened with Bitcoin. Its price went up from less than $28,000 to $30,000 in just a few minutes. The reason? Well, there were rumors on social media that the US Securities and Exchange Commission (SEC) had given the green light to BlackRock, a big company that handles investments, to create something called the iShares spot Bitcoin Exchange Traded Fund (ETF).

At first, a popular Twitter account called Cointelegraph posted this news but later deleted it. They then posted it again but added the word "reportedly" before also deleting that post. This made people doubt if the news was true or not, and they wanted to know where this information came from.

Continue reading...
https://www.cryptocrit.xyz/2023/10/why-bitcoins-price-surges-and-drops.html

We now know whether it's fake or real news, and people are panicking about the crypto market. Because even though we believe in Bitcoin and other stable coins, there is still something burning deep inside when hearing this kind of news. It's mainly because the acceptance of the technology and the decentralization method really takes time. Plus, the governments have had very mixed reactions over time; now it's getting better, but still they are not coming up with any hope. Almost every day, we will monitor the market, even if it's a long-term investment. All these make sense given the sudden volatility of the price of bitcoin within a few minutes.

[God bless u]

There are certain news created  and we don't know about its reality and reason that why people are originating such news but these news alter the whole situation of market. Other thing is that people often move their desire according to the news so if they are positive then demand for bitcoin increases and when they are against people desires then they change to buy during that period. Information about coming halving is a thing which move the whole crypto market to react in a positive direction so people are willing to buy more and more therefore price act as a linear way of success. These are the reason that decrease and increase the cost of bitcoin and indirectly the cost of other coins.

[bittraffic]

There are certain news created  and we don't know about its reality and reason that why people are originating such news but these news alter the whole situation of market. Other thing is that people often move their desire according to the news so if they are positive then demand for bitcoin increases and when they are against people desires then they change to buy during that period. Information about coming halving is a thing which move the whole crypto market to react in a positive direction so people are willing to buy more and more therefore price act as a linear way of success. These are the reason that decrease and increase the cost of bitcoin and indirectly the cost of other coins.

People are vigilant with the crypto news, they know how volatile the price is even with news from a tiny country adopting crypto.

The bad news always brings the price down. This thread was created when the price was still 30K and then dropped to $28k as OP complained. They seemed manipulated because they knew iBTC was listed and then it was claimed to be fake and then later on they were saying iBTC was already listed long ago.
This news and confirmation detail confused traders to sell their BTC. They know it's going to happen and making traders confused about what is going on makes uncertainty in the market.

[Yatsan]

There are certain news created  and we don't know about its reality and reason that why people are originating such news but these news alter the whole situation of market. Other thing is that people often move their desire according to the news so if they are positive then demand for bitcoin increases and when they are against people desires then they change to buy during that period. Information about coming halving is a thing which move the whole crypto market to react in a positive direction so people are willing to buy more and more therefore price act as a linear way of success. These are the reason that decrease and increase the cost of bitcoin and indirectly the cost of other coins.

People are vigilant with the crypto news, they know how volatile the price is even with news from a tiny country adopting crypto.

The bad news always brings the price down. This thread was created when the price was still 30K and then dropped to $28k as OP complained. They seemed manipulated because they knew iBTC was listed and then it was claimed to be fake and then later on they were saying iBTC was already listed long ago.
This news and confirmation detail confused traders to sell their BTC. They know it's going to happen and making traders confused about what is going on makes uncertainty in the market.

News reflects to demand as one of the factors. Manipulation by huge investors would also create a sudden change with the market price of not only bitcoin but also other cryptocurrencies. Dates or Seasons also affects and sometimes triggers a shift with demand as we’ve seen over years. This is simply how powerful demand is; there are many things that can affect a demand of something. It happened that all cryptocurrencies market price are determined by demand which makes it not surprising to see a sudden dump on its value but also with pumps on it. This is why DCAs and other type of analyses are just serving as guide and never guarantees the next price action. If the market is too predictable then many people should be rich by now especially ones from this industry wherein almost everything is connected with one another.

[JeffBrad12]

There are certain news created  and we don't know about its reality and reason that why people are originating such news but these news alter the whole situation of market. Other thing is that people often move their desire according to the news so if they are positive then demand for bitcoin increases and when they are against people desires then they change to buy during that period. Information about coming halving is a thing which move the whole crypto market to react in a positive direction so people are willing to buy more and more therefore price act as a linear way of success. These are the reason that decrease and increase the cost of bitcoin and indirectly the cost of other coins.

People are vigilant with the crypto news, they know how volatile the price is even with news from a tiny country adopting crypto.

The bad news always brings the price down. This thread was created when the price was still 30K and then dropped to $28k as OP complained. They seemed manipulated because they knew iBTC was listed and then it was claimed to be fake and then later on they were saying iBTC was already listed long ago.
This news and confirmation detail confused traders to sell their BTC. They know it's going to happen and making traders confused about what is going on makes uncertainty in the market.

News reflects to demand as one of the factors. Manipulation by huge investors would also create a sudden change with the market price of not only bitcoin but also other cryptocurrencies. Dates or Seasons also affects and sometimes triggers a shift with demand as we’ve seen over years. This is simply how powerful demand is; there are many things that can affect a demand of something. It happened that all cryptocurrencies market price are determined by demand which makes it not surprising to see a sudden dump on its value but also with pumps on it. This is why DCAs and other type of analyses are just serving as guide and never guarantees the next price action. If the market is too predictable then many people should be rich by now especially ones from this industry wherein almost everything is connected with one another.

its usually just rumours and news at play that could affect demand and change the tide of the market.
so many times i've seen that market turning from bearish to literally bullish just from some news alone in which definitely also sometime utilized by the big guys to affect the market without money.
but overall I think bitcoin is still purely based on demand, even attempt of manipulating is not as easy as it might seem considering the many liquidity of course influencing the market with money will take more than few millions and that within short amount of time, otherwise the capital would be wasted.
thats why so many people saying that influencing or manipulating bitcoin is not some random easy feat that everyone could pull off you need to be at least the big guy with big capital to pull that off.

[Samlucky O]

It is likely sure for bitcoin to drop at any given time, bitcoin is not like USDT bitcoin is a decentralized coin and it changes in any given time due to it's Volatility so to me it never a new thing that bitcoin risis and fall. It's only a beginner that would be thinking otherwise. Except am getting it wrong from my own direction.

[shinratensei_]

It is likely sure for bitcoin to drop at any given time, bitcoin is not like USDT bitcoin is a decentralized coin and it changes in any given time due to it's Volatility so to me it never a new thing that bitcoin risis and fall. It's only a beginner that would be thinking otherwise. Except am getting it wrong from my own direction.

its entirely different thing yes, USDT is pegged to dollar value meanwhile bitcoin is pure demand and supply therefore the ever changing prices, I guess until the market capitalization grow as big as gold it will just stays volatile.
but it also become the advantage of trading bitcoin, without fluctuation I doubt the market gonna be this big, the fact that it fluctuates a lot creates so many opportunity for the traders to earn some money.
so many people also interested in crypto because of the volatility while also having massive liquidity that makes it more interesting than those stocks investment.
thats why even if bitcoin price surges and drops unexpectedly as stated, its becoming a feature now, not a disadvantage.

[AakZaki]

You should be able to understand questions like this by reading about how Bitcoin works and what Bitcoin means.
The spike or decline is because the price of Bitcoin is formed by supply and demand.
If many people buy Bitcoin, the price will rise, and vice versa.
You can read more clearly on Google or in several articles about Bitcoin, or look for other threads in this forum that explain Bitcoin for beginners.

[Kelward]

This is a game played by market makers, and we will undoubtedly have to endure such fake news in the future. There's no doubt anymore, and this is the phase where the whales are accumulating. They are generating false information to create frustration among investors, and in some cases even worse news, to buy tokens at extremely low prices. This is the time for investors to acquire their favorite tokens. Don't miss the opportunity in the last months of 2023, and 2024 is the time for us to take profits

You just analyzed what actually happened in this sudden pump and dump of bitcoin price, within a very short record time. This goes to show that some people greatly influences the price of bitcoin, and they're the whales as you have noted. They can create panic in the crypto space and many investors will rush and sale, leading to surplus supply in the market, where the impact will be massive dip in price, and they'll just accumulate as much as they can. When bull run comes, they'll cash in heavily by offloading the excess accumulated bitcoin.

With my experience about how the bitcoin market works, I'll not sale my bitcoin when we're expecting ATH, I'd take advantage of even fake news to accumulate bitcoin if price dips. The market is about buy low and sale high, that's what i look out for in a season like this.

[btc78]

You should be able to understand questions like this by reading about how Bitcoin works and what Bitcoin means.
The spike or decline is because the price of Bitcoin is formed by supply and demand.
If many people buy Bitcoin, the price will rise, and vice versa.
You can read more clearly on Google or in several articles about Bitcoin, or look for other threads in this forum that explain Bitcoin for beginners.

it’s just basically the sophisticated application of supply and demand

if you want to be able to invest in bitcoin and gain profit the first thing you should know is how the market works and how it will be in the next few years

https://www.investopedia.com/tech/what-determines-value-1-bitcoin/

this article pretty much explained the fundamentals of bitcoin

[bluebit25]

Such strong fluctuations further show that the current crypto market is still very small. I believe that those who have been exposed to this market will recognize that problem, which is considered medium. is an opportunity as well as a risk in investment.
Positive news causes prices to suddenly increase and vice versa, which brings excitement to this space, when it is clear that we will not want to invest in something without volatility.

[bettercrypto]

And to be very honest, when I look at Bitcoin, I can see why it's so famous. In my brief time in this profession, I have witnessed firsthand the truth that it is highly volatile.

The fact that a whale investor may easily manipulate the market when he wants to purchase or sell could be one of the causes. It goes without saying that a large sale by an investor will significantly lower the value of Bitcoin in the market. Acquiring a substantial quantity will also significantly influence the market price increase.

Why did the price of Bitcoin fall on the market?

[Blitzboy]

There are certain news created  and we don't know about its reality and reason that why people are originating such news but these news alter the whole situation of market. Other thing is that people often move their desire according to the news so if they are positive then demand for bitcoin increases and when they are against people desires then they change to buy during that period. Information about coming halving is a thing which move the whole crypto market to react in a positive direction so people are willing to buy more and more therefore price act as a linear way of success. These are the reason that decrease and increase the cost of bitcoin and indirectly the cost of other coins.

People are vigilant with the crypto news, they know how volatile the price is even with news from a tiny country adopting crypto.

The bad news always brings the price down. This thread was created when the price was still 30K and then dropped to $28k as OP complained. They seemed manipulated because they knew iBTC was listed and then it was claimed to be fake and then later on they were saying iBTC was already listed long ago.
This news and confirmation detail confused traders to sell their BTC. They know it's going to happen and making traders confused about what is going on makes uncertainty in the market.

News reflects to demand as one of the factors. Manipulation by huge investors would also create a sudden change with the market price of not only bitcoin but also other cryptocurrencies. Dates or Seasons also affects and sometimes triggers a shift with demand as we’ve seen over years. This is simply how powerful demand is; there are many things that can affect a demand of something. It happened that all cryptocurrencies market price are determined by demand which makes it not surprising to see a sudden dump on its value but also with pumps on it. This is why DCAs and other type of analyses are just serving as guide and never guarantees the next price action. If the market is too predictable then many people should be rich by now especially ones from this industry wherein almost everything is connected with one another.

Demand is like the wind - unseen but powerful enough to move the ship in any direction. Whales indeed have a huge impact. Their activities might cause market ripples or collapse. Seasons or specific dates can have a decent impact. It suggests a behavioral pattern in trading, doesnt it? Possibly like the "January Effect" or "Sell in May and go away." This cyclical nature means we can observe patterns but not predict the market.

And DCA is just guidelines, not crystal balls. Market uncertainty makes it dangerous but also rewarding. If predictable, wouldnt everyone be rich? But, not everyone finds gold here. This unpredictability shouldnt deter us. Instead, it should promote diversification and strategic investing. Market trends may be better understood with machine learning and AI. Perhaps a deeper investigation of social media sentiment could reveal market mood. We must constantly innovate our understanding and approach with a grain of salt. Change is the only constant.

[GreenPanda]

I don't see what this thread is about. The price of a bitcoin is still is 1 bitcoin.

[atamism]

Supply and Demand, just like how your local market works. At some point, we cannot control the price of it because anybody can affect the price of Bitcoin. That is why you should know how to play with the market. It is important to have basic knowledge, because if you just carelessly buy BTC without the prior knowledge and you expect to gain without it, you might lose your money.