Quote from: MrPiggles on April 13, 2019, 02:20:22 AM

Quote from: Slow death on April 12, 2019, 03:50:24 AM

Quote from: waynechong1995 on April 11, 2019, 12:57:23 AM

Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever. News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun? That's really fishy considering they can profit way more than their buys, what are your insights on this? Organized whales or institutions strategy?

we are in the crypto world and for the years that we have had since the existence of bitcoin a lesson we have to learn: one should never rely on the analyses and opinions of these analysts and the news channels. Today the price fell below $5000, it will not take long for all news channels to talk about this price fall and make their assumptions about the reasons for this price decrease

The value of Bitcoin depends on many different reasons and mostly due to investor psychology. If everyone's psychology is really good, maybe this year everything has returned to 2017 but until now this has not happened and the panic sale makes the market harder to recover. In my opinion, the $ 5,000 price will remain until the end of April because no big news can make Bitcoin reach $ 6,000 and everything will be very risky at the moment.

The rapid movement of bitcoin is not about investor's psycho the situation, perhaps it is about the market volatility that always appear in the market cap. Investor's psychology are just speculation that enlightened the situation to look easy even in the midst of difficulties. We had endure the long bear market and the rescent day bitcoin's value start to pump but lately decline, atleast it has shown a good sign to speculate how it will grow accumulately, let's just wait the big bull run occurence by this 2019.