Post
Topic
Board Speculation
Re: Price in the Market
by
DgurJIupyf
on 07/09/2018, 21:25:47 UTC
How did you know when will the price in the market will pump and dump.

People do not have a crystal ball to be able to predict the price, but you can use an alternative, you should know that the price of bitcoin increases or decreases depending on the news. For example, if tomorrow you have some good news then the price is more likely to increase, but if tomorrow we have negative news the price will be more likely to fall. You can see this with a great concrete example, I speak of the ETF's... if by case the SEC on September 30 approve the ETF then the price will increase, but if the SEC postpones its decision or disapprove the ETF, then the btc price will drop a lot and in the months that will follow the price will not increase much. this is because people buy cryptos to make a lot of profit fast, so they just buy when they know that a great good news is coming


Yes, I agree that the news can affect the price, but in addition to the price can still affect the situation with the laws in different States. For example, Venezuela has created a very large demand for the purchase of bitcoins. Also, Pakistan and many other countries whose national currencies are falling.