Quote from: xali on June 20, 2018, 07:32:58 AM

Quote from: Pursuer on June 20, 2018, 07:27:39 AM

these types of change don't really have to have any reasons they are just market fluctuations. you blink and 2% change happens, that is just how the market is.

This is simply wrong. Look at the market for yourself. I am talking about SUDDEN jumps. And in the past 8 days, there have only been 3 sudden jumps. Two drops and one surge. And each jump had a specific news event tied to it. Sure it increases and decreases around 3% over an hour or so, but it simply NEVER jumps more than 1.5% within 20 minutes without a specific event. That's just not how any market works. Of course that event could be a whale or group of people dumping/pumping all at once creating a bear/bull run, but nevertheless sudden movements are always triggered by a singular event

I was flabbergasted to see it rise 4% in 20 minutes, but lo and behold within hours there were news articles announcing the approval of the cash app, explaining the surge. I don't ever expect any event and assume it's due to general volatility, but three strikes and you're out. Only the willfully ignorant would ignore such indicators.

I am with Pursuer on this one. A 2-3% change cannot be linked to any kind of news. Those price changes literally happens everyday on all cryptocurrencies. And I don't blame you for believing in such thing as all the famous but unreliable news providers are feeding our brains with news that they themselves are connecting to have relations with the price changes of Bitcoin. It makes them have a juicy article to spread in the web thus giving them more traffic for their website.