Post
Topic
Board Bitcoin Discussion
Re: There isn't always a clear reason why BTC went up or down
by
Kaneki11
on 30/05/2019, 18:01:12 UTC
I see a lot of topics talking about why bitcoin did this or that. Sometimes there are clear indicators as of why but many times it simply happens. Coincidence, trading bots and simple TA can affect the price and create a snowball effect easily.

Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.
This is what I've been trying to point out.. o don't think there's any potential reason for the increase in demand of btc.. I think lots of users are just simply demanding it now than before..  that's all