Sunday, August 18, 2024

Why does the price always go up or down so sharply?

I've always wondered, does crypto have eyes and ears on the back of its head?

Like why is it that political events or world events cause the prices to drop suddenly? Or better yet, a high profile individual says something and seemingly in an instant the price goes up or down.

If crypto was truly decentralized, why is it so easily affected by what people or the media says? Why is it like the weather, where we have to forecast it? If it all just computer code, shouldn't it be predictable by the minute? If everyone is buying and holding, why does it suddenly decide to go up or down based off of what happens?

Dogecoin is one, but Bitcoin and all of the others do the same thing...

Dogecoin price today, DOGE to USD live price, marketcap and chart | CoinMarketCap


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