What Causes Increase and Decrease in the price of Cryptocurrency?

[Bisolami]

Lately all behavior say are whales. Whales are people with a lot of money and crypto. Buying and selling big amounts they earn on difference and affect on prices. Except Elon Musk, rare famous people can move prices on market. Oh, Messi did it to. When he went in PSG, PSG token price went up.

You all right it's about this so I think it is not only the way we buy and sell cryptocurrency is what's the determines the price. The influential people also determine the price

 

[hastral45]

Market causes the increase or decrease in the price of cryptocurrencies. The difference between the demand and supply of each coins would determine its price.

 

[Bisolami]

Market causes the increase or decrease in the price of cryptocurrencies. The difference between the demand and supply of each coins would determine its price.

You are right. It truly depends on how well people by the coin and how well people sell the coin

 

[relcap23]

It's a highly volatile commodity. One must closely watch the movement because it's very unpredictable.

 

[Bisolami]

It's a highly volatile commodity. One must closely watch the movement because it's very unpredictable.

This is why cryptocurrency traders should be skilled in reading the chart to know when to buy and also to know when to sell

 

[relcap23]

This is why cryptocurrency traders should be skilled in reading the chart to know when to buy and also to know when to sell

That's true, they must be properly informed of the market factors influencing the.movement.

 

[Bisolami]

That's true, they must be properly informed of the market factors influencing the.movement.

I know how to trade cryptocurrency but I do not have enough capital to start and I realise that you need to know how to read in the chart if you want to make profit

 

[iyanpol12]

Prices are determined by a lot of factors. Positive or negative news can affect it. Also, whales can manipulate prices. Of course, bull market and bear market.

 

[hastral45]

The major actions of the whales determine the reaction of the cryptos price. When the demand is more than supply of any coins, automatically, its price would rise and vice versa.

 

[Bisolami]

Prices are determined by a lot of factors. Positive or negative news can affect it. Also, whales can manipulate prices. Of course, bull market and bear market.

You are right about the aspect of reviews because I have read so many bad reviews about some cryptocurrencies and people refused to buy or invest in them

 

[iyanpol12]

You are right about the aspect of reviews because I have read so many bad reviews about some cryptocurrencies and people refused to buy or invest in them

Yeah, there are reviews. There are also bad news. Look at what happened to Luna.

 

[Bisolami]

Yeah, there are reviews. There are also bad news. Look at what happened to Luna.

That was too much because the price reduced in the couple of minutes and it reduced drastically

 

[iyanpol12]

That was too much because the price reduced in the couple of minutes and it reduced drastically

Yeah that's why research is important. Choose the right projects. Even some of the top 10 coins has dropped badly.

 

[Ebutech]

I'm yet to figure out if what is the reason of sudden increase and decrease in the price of different cryptocurrency and would love to learn in simple language. Thanks

I think news is also one of the major factor that contributes to the increase and decrease in price of cryptocurrencies, but am not really certain though.

 

[Bisolami]

Yeah that's why research is important. Choose the right projects. Even some of the top 10 coins has dropped badly.

After choosing the right project, it is very important to follow it up so that you will know when you can sell or buy

 

[Hate2Wait]

We need to learn those signals through which we can figure out if a coin will go up or down and with that we can make some profit.

 

[Bisolami]

We need to learn those signals through which we can figure out if a coin will go up or down and with that we can make some profit.

That's true
If someone knows how to read cryptocurrency chart, the person will be able to trade very well

 

[iyanpol12]

After choosing the right project, it is very important to follow it up so that you will know when you can sell or buy

Of course. That's why there are ways which you can track your portfolio. That's what most crypto holders do.

 

[Bisolami]

Of course. That's why there are ways which you can track your portfolio. That's what most crypto holders do.

Even if the person is not trading at the moment he always make sure that sets price alerts so that he will know what is happening when he was not trading.

 

[SHAHID987]

When people buy it's prices started showing upward trend while when people sell it showing decreasing trend. Furthermore when any good news regarding particular crypto currency comes it again started going up.