Why the PUMP? Reasons for why Bitcoin prices always move in short bursts and how can we benefit from it?

Why does Bitcoin always “pump” in short periods of time? Can we benefit on this type of price action. Are OTC Bitcoin trading volume flows responsible for this type of price action and how do we learn about Over-the-Counter trading.

Why the PUMP? Reasons for why Bitcoin prices always move in short bursts and how can we benefit from it?

  • Twitter
  • Facebook
  • reddit
  • Pinterest
  • Hacker News
  • LinkedIn
  • Tumblr
  • Google+
  • VKontakte

In this article, we’ll tackle one of the greatest mysteries in the Bitcoin and cryptocurrency investing space – namely why does Bitcoin prices have drastic price movements in short bursts of time. This type of movement is almost commonplace in Cryptocurrency investing, for example just today Bitcoin prices moved from $8150 to $8450, then to $8800 in the space of 4 hours, with two big green candles leading the charge. What’s also surprising is that there is no fundamental reason to cause these movements – they are not triggered by a single world or political event. In this article we’ll look at the must possible reason behind what’s happening.

Let’s get one thing out of the way – sudden Bitcoin pumps are not executed by a large group of people with small amounts of money. If this was the case, this group of people would have to be well organised, and information about such pumps are bound to leak out. We would know well in advance of the event happening. It would be common knowledge – especially considering how fast information spreads.

This leads to the next conclusion – Bitcoin pumps are executed by small groups of people with access to the OTC market. We already know the world has high wealth concentration – 1% of the world has 99% of the wealth. The 1% can easily transact enough fiat to cause these sudden shifts in the price intentionally or otherwise.

This theory is validated by reports of strong OTC volume flow in the past few weeks. This is across all trading desks around the world, especially with strong volume coming out of China and Southeast Asia. Recently reports have surfaced that OTC desks such as Genesis Block are expanding and opening new offices in Thailand to deal with the extra volume.

Related

Previous articleTop 5 Bitcoin OTC Brokers: Efficiently trade large volumes of Bitcoin

  • Twitter
  • Facebook
  • reddit
  • Pinterest
  • Hacker News
  • LinkedIn
  • Tumblr
  • Google+
  • VKontakte

Why the PUMP? Reasons for why Bitcoin prices always move in short bursts and how can we benefit from it?

  • Twitter
  • Facebook
  • reddit
  • Pinterest
  • Hacker News
  • LinkedIn
  • Tumblr
  • Google+
  • VKontakte

Max is passionate about two things – cryptocurrency and adventure. When he’s not Frantically trading, he’s enjoying live on a random Thai Beach.

bitcoin-price-pump/”/> Bitcoin prices always move in short bursts and how can we benefit from it?”/>

,

If reproduced, please indicate the source: https://www.uucj.net/why-the-pump-reasons-for-why-bitcoin-prices-always-move-in-short-bursts-and-how-can-we-benefit-from-it/

Leave a Reply

Your email address will not be published.

Contact Us

Mail:uucjnews@gmail.com