Post
Topic
Board Trading Discussion
Re: what kind of news or information effect THE PRICE OF COINE
by
pooya87
on 03/09/2018, 04:21:07 UTC
I noticed that there is kind of information when it come up about coin  the price go up
like fork  network update  someting
am right or wrong 
Factors that can cause the coin price increase:
1) Any information that leads to the increase of coin usage
2) The overal market growth (mainly btc, eth)
like what ?? can any one give me examples

it depends on what coin you are talking about. for bitcoin it is anything that is related to its adoption. for instance a big company (like Amazon for instance) to accept bitcoin as payment, or another "real" example is Japan adopting bitcoin as a legal currency which led to one of the biggest rises in bitcoin price history.

but for altcoins it doesn't really have to be real. for example the hyped up news of Pornhub adopting some altcoin (Verge!) can lead to its pump. but it won't be a rise, it will be a pump and a pump means there will be a dump as we saw with Verge and the way it got dumped.