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/biz/ - Business & Finance

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29917586 No.29917586 [Reply] [Original]

What causes the price to just 'jump' like this out of no where? At this time of day...no rhyme, no reason? Don't just say 'hurr durr people buy, it go up' type answers, I legoit want to know what causes this type of movement.

>> No.29917705

baboonish diverlations

>> No.29917734

>>29917586
stop losses

>> No.29917744

>>29917586
Buys you retard

>> No.29917747

>>29917586

dead cat bounces

>> No.29917765

>>29917586
someone investing A LOT of money. that's it.

>> No.29917767

>>29917586
> oh shit it’s getting cheaper
Not everybody sells low and buys high anon

>> No.29917769

its a squeeze from the shorts being shot, just like the inverse when longs get rekt

>> No.29917806

Not everyone is an autistic, chart watching robot.

I want to balance out my portfolio with another 1,000 ETH, I market buy. Simple as.

>> No.29917811

>>29917769
this

>> No.29917817

>>29917586
more people are buying than selling during that time

>> No.29917870

>>29917817
Wrong, it was multiple sellers and one buyer (me).

>> No.29917877

Bitcoin is a highly illiquid market which means a market buy of 100+ BTC on one CEX can easily swing the price upwards half of that by itself, which then triggers bots and day traders to buy in

>> No.29917945

>>29917765
This, newfags can't into economics 101

>> No.29917991

>>29917586
It's manipulation in the crypto ponzi scheme to make you buy, you buy they sell and take your money

>> No.29918024

>>29917586
Lots of things can cause a jump like that. Some sort of news catalyst, a short squeeze, a big investment, an algo pump.

But you can't predict when or where it would happen. Short term fluctuations in the market are inherently unpredictable.

>> No.29918034

>>29917586
Massive buy clears a lot of sell orders.

>> No.29918062
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29918062

>>29917586
Short selling, then selling btc to fake a crash. Problem is you have to buy it back if it fails to drive the price down enough. They do this to not completely lose all their money like a hedge fund.
Someone's wallet did get wrecked in the fail though.

>> No.29918065

>>29917586
is this your first weekend in crypto?

>> No.29918254

>>29917586
Short covering.
>>29917769
close but not a squeeze. Its literally just a short covering.

It can also be a way for a baggy that's out of liquidity for a dump to trick people into
>BUY THE DIP
so they all pile in and he can keep dumping (which has been happening for a whole week now)

>> No.29918281

Bots, TA and traders, exchanges selling info about short/long positions, market moving to liquidate the aformentioned positions, bitfinex using tether to manipulate, people capitulating, etc

>> No.29918403

>>29917586
People buyed

>> No.29918483

>>29917586
AKA short squeeze

>> No.29918594

>>29917586
i bought :>

>> No.29918973

>>29917586
So imagine a beauty contest, but the judges are also the contestants. The judges each receive a bunch of photos of women. They win by picking the most popular photo. The most basic of judges will pick the woman they think is most beautiful. A more advanced judge will try to pick the woman that he thinks most people would find most beautiful. An even more advanced judge would try to guess what most people would think most people would find most beautiful. From this thought experiment we can extrapolate that the price of a stock mostly will go up when many people buy a bunch, and so the stock price goes up.

>> No.29919070

Suply decrease or demand increase.

>> No.29919172

>>29918973
And the Fed is the social media activists shaming you into admitting all women are beautiful regardless of shape.