Post
Topic
Board Economics
Re: What is behind the past few days of rally?
by
Oneandpure
on 05/11/2019, 17:25:58 UTC
It is all green candles. Up up up. Why? Is there any news to shed some light on this? The price will probably fall fast now. I think this green streak is not going to last for long.
We all know that the market price is being higly affected and driven by how cryptocurrency users are moving within the space, or by how many are using it. Many countries are suffering economic crisis due to their political decisions, corruption, inflation and such things, these factors are driving investors and businesses into thinking of how they can save theirselves from the crisis that their country is going through, and bitcoin or the whole cryptocurrency are being their safe haven for it was free from the manipulation of the government so they will be far from being the collateral damage of what the government has been done. The action done by investors and businesses affected the marjet because of high demand and the vast adaption that are slowly emerging more and more.
Green candle always at the end of year bitcoin have good price for investing, just take profit after bitcoin raise to higher price without hold for long time because many bad news bitcoin price always at new year, better keep safe your money with selling after bitcoin price raise up. You can restart after bitcoin down for re investing to get chance with bitcoin on lower price.