Hey steemitians,
Why the prices go up and down with the Crypto Currencies world?
Developer support:
Until and unless developers keep up their development work, the prices can go up and up and If they don't show any interest for future potential then no one is ready to buy the coins.
Pump and Dump:
There are people which are totally business minded, people who use to work with Ponzi and HYIPs schemes have started working with this technique so, a group of people who have decent amounts of Bitcoins or any other cryptocurrencies try to increase a volume in a matter of seconds-minutes that's called Pump.
When the group decides to sell them all together so they say Dump.
If you have something to say you can comment below, follow me and keep upvoting.
Sometimes i'm wondering if all those ransom-ware developers just hoard a bunch of coins. And ten to make a ton of interest with the 'stolen' money.
Major News effect the Price too :)
Yes, it's true.
There are tons of projects out there with devoted developers working on them. If all that is learned in that process, including the failures, is projected in a future that is increasingly digital, and tied to the ability to transfer 'value' over the Internet, the impact will probably be massive.
This is probably the longest sentece I wrote on Steemit so far.