You are viewing a single comment's thread from:

RE: Quick SBD update 07.01.18

in #sbd7 years ago

thank you for the information my friend @ew-and-patterns. let me ask you a question, I am in confusion. why the value of crypto currency goes on increasing and again come back down suddenly? if you could give me reply I would be so grateful.

Sort:  

Because the value is determined by supply and demand. If a lot of people sell at the same time, or someone sells a big postion, the price drops. If a lot of people buy at the same time, or someone buys a big position, the price goes up.
This is why the market moves in waves, driven by only fear and greed of buyers and sellers. The market can never move only in one direction for a long time, because there will always be some sellers who want to lock in their profits by selling their position.