Quote from: Kaneki11 on May 30, 2019, 06:01:12 PM

Quote from: Bardman on May 29, 2019, 12:13:19 PM

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

Yes, when you get high demand, price will increase. Maybe investors are tired of see price down and they felt price should be going up. It always starts from one order to numerous orders before the triple effect.