Topic: Bitcoin, how does it work and what affects its price? - page 3. (Read 1594 times)
Some experts predict the collapse of bitcoin. Others assume that when the maximum emission is reached, the rate of the Crypto currency will begin to change approximately the same as the real ones - to move up and down under the influence of various factors. Therefore, do not make hasty conclusions about whether it is worth buying bitcoins in 2018. It is best to weigh all the pros and cons first.
and some technologies will not be able to withstand the revival of the crypto market for a long time, especially when conditions such as long correction today. blockchain can make it rise quickly like a rocket, and also capable of making a drastic fall, and it is very painful.
and now we see bitcoin falling again, and proving us that the technology is not able to control blockchain in a long time.
and now we see bitcoin falling again, and proving us that the technology is not able to control blockchain in a long time.
Bitcoin is a virtual currency not backed by any commodity and also not controlled by any entity including the government. Have a limited supply of 21 billion. The demand and supply of bitcoin is simply what controls the price and this is simple economics. Though some set of individuals that calls themselves whales will always try to manipulate the price to their favor but not for long and believe me it's not easy to do that.
Few technologies have the ability to stir passionate online debate and baffle the vast majority of the population as bitcoin.
not really. bitcoin is still too small. when you are inside it and are only hanging out in bitcoin related gatherings on the internet all you see is bitcoin-related discussions so you may think it is stirring a lot of debates!Quote
The virtual currency rocketed in value last year before crashing during the first quarter of 2018, and possibly proving the naysayers right.
not really!last year price was $900 and now it is $7500+ which is a 733% rise in ~1.5 year time.
what do "naysayers" have to say?
Quote
But in recent weeks the price has begun rising again. Although it remains well below its peak of $20,000,
wrong again.price is at $7588 at this moment which remains well above last year's $900
Quote
it has shown steady gains to reach more than $8000 sparking a fresh surge in interest.
wrong again. everything is still pretty much the same. the "surge of interest" will come when price goes above $9k at least.
The reasons for the drop in bitcoin prices are many, among them - the tightening of the regulation of crypto-currency from the world regulators. Another reason for the drop in the cost of bitcoins is the uncertainty of investors that large, as well as new capital will come to this market, and the dynamics of growth will not be as impressive as before.
Bitcoin works within a system which represents as a currency or known as crypto currency and it affects the bitcoin price due to its technical issues and security which the hackers can intervene or to steal its property so we should be more protective,productive and do some research and survey which it can help the bitcoin industry to be a good industry in the society.
The reasons for the drop in bitcoin prices are many, among them - the tightening of the regulation of crypto-currency from the world regulators. Another reason for the drop in the cost of bitcoins is the uncertainty of investors that large, as well as new capital will come to this market, and the dynamics of growth will not be as impressive as before.
It is more than demand and supply, we know when demand is higher it will rise but we try to learn what affects the demand, I think lots of things like fud, news, whales...
Unlike traditional currencies, crypto based currencies are largely affected by the media, and these tend to run in packs. If there is even the slightest hint of negative press around a cryptocurrency, then a whirlwind begins which leads to more and more negative articles being produced, leading to FUD and a price drop.
i think there is a big chance of it going 20k + in future
When the demand is larger than supply then prise become high otherwise fall down.
Crypto currency is a revolutionary new type of currency. Like any other currency or measure of value, they are valuable as much as we value them. Some currencies are provided by gold or other precious metals. The cost of others is supported only by their popularity and value in the eyes of people.
Crypto-currencies were conceived as conditional units for the storage of capital, which are not influenced by the central banks of the countries of the world. Let's look at the main factors that influence the formation and change of the price of the crypto currency. All of the above applies to all digital coins, not just bitcoin
Crypto-currencies were conceived as conditional units for the storage of capital, which are not influenced by the central banks of the countries of the world. Let's look at the main factors that influence the formation and change of the price of the crypto currency. All of the above applies to all digital coins, not just bitcoin
Bitcoin works on a public ledger called a blockchain, which holds a decentralised record of all transactions that is updated and held by all users of the network.Bitcoin jumbed up and come down,but demand and supply affect the price.
But in recent weeks the price has begun rising again. Although it remains well below its peak of $20,000, it has shown steady gains to reach more than $8000 sparking a fresh surge in interest.
I have been seeing a bunch of topics like this that report weird things about price! another one was saying price has not yet fallen below $9000. and now you are saying in recent "weeks" it has been rising!!! so I want to ask where are you people getting your data from?!
price has been mostly going down in the past weeks and it still has not moved enough to be considered "rising" it is still pretty much in the same zone as it was before, round $8.5k. unless it starts testing $9k, that is not a rise or "steady gains".
I think it's all special, they have their own policy there)) and bitcoin should be available in your resource unequivocally, and do not rush to spend it.
Few technologies have the ability to stir passionate online debate and baffle the vast majority of the population as bitcoin. The virtual currency rocketed in value last year before crashing during the first quarter of 2018, and possibly proving the naysayers right.
But in recent weeks the price has begun rising again. Although it remains well below its peak of $20,000, it has shown steady gains to reach more than $8000 sparking a fresh surge in interest.
But in recent weeks the price has begun rising again. Although it remains well below its peak of $20,000, it has shown steady gains to reach more than $8000 sparking a fresh surge in interest.
Jump to: