Post
Topic
Board Trading Discussion
Re: What causes the sudden surge of market?
by
Herbert2020
on 11/04/2019, 06:09:10 UTC
Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever.
which market?
bitcoin? the catalyst was the undervalued nature of the price itself. when something is offered at a discount in the market while the price is kept low with manipulation and fear it will eventually break out and shoot up. add to that the fact that market is pretty small still, and you see that a small FOMO buy can shoot the price up.

altcoins? that is what they do, they get pumped and dumped every day so that we as traders can make profit on the bitcoins we have.

Quote
News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun?
news sites publish all kinds of crap, don't take them seriously. the only thing that matters for the market is the market itself. so start by looking at charts, the volume,... and see that there was no such thing in the market not to mention that 20k bitcoin is smaller than the daily volume!