What is behind the massive rise and fall of Bitcoin??

[Nat]

What is causes the massive rise and fall of bitcoin is due to the number of buys and sells. When there are alot of buys, it means people are putting their money inside which increases the price . If more people sell, the price go down. It comes to speculation. Other minor factors like inflation, GDP and wilingnesuto buy play a role.

 

[Immilash]

The only thing that is behind the rise and fall of bitcoin is smart money, smart money is a type of trader that is invest a lot of money to move the market, smart money can control the financial market.

 

[Imran_Noori]

What is causes the massive rise and fall of bitcoin is due to the number of buys and sells. When there are alot of buys, it means people are putting their money inside which increases the price . If more people sell, the price go down. It comes to speculation. Other minor factors like inflation, GDP and wilingnesuto buy play a role.

It is not only about common buying and selling but it is about whales buying and selling, most times when Bitcoin pumps or dumps whales come to action.

 

[eenya00]

i believe various government policies is definitely behind the rise and fall of bitcoins and other crypto currencies as well, as they still see it as a threat even till these day which i strongly believe it is a very wrong notion to hold.

 

[Bookwormlux]

It is the market situation.

Sometimes the investors play a huge role. This is due to the fact that there are times where they get to FOMO out of bitcoin and its price increase.

 

[Immilash]

It is the market situation.

Sometimes the investors play a huge role. This is due to the fact that there are times where they get to FOMO out of bitcoin and its price increase.

The investors or the smart money, they are everything, they can move the market t the direction they want, the best way to earn money is by following their footprints.

 

[UsmanAmoyo]

There are several things that moves cryptocurrencies.
The most importantly is demand and supply .
Think for instance, when there is a high demand for Bitcoin it's price rises
And when there is excess supply the price falls .

 

[Setho]

I think they are not so much people who know about bitcoin and that is why the market is very volatile and that is why you can be able to see him very large price movement.

 

[Immilash]

There are several things that moves cryptocurrencies.
The most importantly is demand and supply .
Think for instance, when there is a high demand for Bitcoin it's price rises
And when there is excess supply the price falls .

That's true, that's the only thing behind the rise and fall of cryptocurrencies, I think we have a high supply of Bitcoin that's why is falling down like brick.

 

[Genie01]

The rise and fall of Bitcoin can be attributed to the concept of demand supply. Anytime investors and the big players produce excess supply by withrawing their funds the markets gradually goes down. And anytime their is high demand in which investors demand by investing the price gradually goes up.

 

[Treborika]

I think the rapid flactuation in the value of bitcoins is caused by the dynamic market trends that faces the Blockchain. This is caused by many factors that determine the market situation of the day and the rate of world's inflation.

 

[Syldan]

Well the massive raise in the value price of bitcoin, is determined by the market forces of demand and supply. when there is high demand in a particular commodity, definitely the value will raise.

 

[Immilash]

Well the massive raise in the value price of bitcoin, is determined by the market forces of demand and supply. when there is high demand in a particular commodity, definitely the value will raise.

That's true, but not only that there's what we call smart money, they are also behind the rise and fall of cryptocurrencies not only bitcoins.

 

[Syldan]

There are several things that moves cryptocurrencies.
The most importantly is demand and supply .
Think for instance, when there is a high demand for Bitcoin it's price rises
And when there is excess supply the price falls .

Actually one of the reasons for the fluctuation in the price value of bitcoin is due to the influence of demand and supply as you have said, when there is high demand, the price will be high.

 

[Bbwoy95]

Despite low prices, bitcoin has held steady over the last couple of weeks. One reason bitcoin continues to see rallies within the broader downward trend is that every move down is immediately met with large orders and demands.

What is causes the massive rise and fall of bitcoin is due to the number of buys and sells. When there are alot of buys, it means people are putting their money inside which increases the price . If more people sell, the price go down. It comes to speculation. Other minor factors like inflation, GDP and wilingnesuto buy play a role.

 

[Immilash]

Actually one of the reasons for the fluctuation in the price value of bitcoin is due to the influence of demand and supply as you have said, when there is high demand, the price will be high.

That's true not only that Bitcoin also corolates with the us dollar, as we all know the us dollar is nicely moving to the upside that's why currencies and cryptos are falling.

 

[Syldan]

The law of demand and supply stated that the higher demand for a particular product makes it value price to be high and so also when there is low demand, the value price will be low. that's the reason for the fluctuation in price of bitcoin.

 

[UsmanAmoyo]

That's true not only that Bitcoin also corolates with the us dollar, as we all know the us dollar is nicely moving to the upside that's why currencies and cryptos are falling.

Even though that is true that BTC is inversely correlated with the dollar.
If you could check the previous charts. Bitcoin began it's bearish trend even before the dollar began it's rally.

 

[Immilash]

Even though that is true that BTC is inversely correlated with the dollar.
If you could check the previous charts. Bitcoin began it's bearish trend even before the dollar began it's rally.

That's true, Bitcoin do move in with the respect of the usdx, Bitcoin is nicely moving to the downside I believe it might keep dropping, what do you think about Bitcoin?

 

[UsmanAmoyo]

That's true, Bitcoin do move in with the respect of the usdx, Bitcoin is nicely moving to the downside I believe it might keep dropping, what do you think about Bitcoin?

According to seasonal tendencies we are still bearish for the moment,
The Bitcoin might rally a little but that is just to redeliver to the sell side imbalance-buy side inefficiency.