Factors that affects the value of bitcoin...

darkphoenix2610

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Quote from: crairezx20 on May 31, 2018, 10:47:36 AM

I think one of the factors that can affect the bitcoin price is bad news or FUD's that can holders sell their bitcoin because they think that the price of bitcoin will drop and the other factor is there are some group of a pump and dump that can manipulate the value of bitcoin and the other thing is there are many scammers out there that use bitcoin as their presentation that is why people didn't trust bitcoin because of this reason.

I agree with this new's has very big impact on the price of bitcoin if the news is good and then it will pump the price and if the news was bad then the price of it will dump, there is a lot of manipulator specially the person who has a lot of holdings they can manipulate the price of it.

Quote from: Papcio77 on October 15, 2018, 06:28:39 PM

Actually, for me media is one of the main factor causing the price of Bitcoin either pump or dump. If you aware about it, you can see that if one known people try to said something on bitcoin, good will cause pump and bad will cause dump. Fake news also contributed on this Trent. Anyway that's life and try to ride on the flow

Agree social media has a great power to bring the fud or good news every single detail would affect the value of it.

Papcio77

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Actually, for me media is one of the main factor causing the price of Bitcoin either pump or dump. If you aware about it, you can see that if one known people try to said something on bitcoin, good will cause pump and bad will cause dump. Fake news also contributed on this Trent. Anyway that's life and try to ride on the flow

malicoin

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the basic one is the demand and supply which I guess you have heard 1000 times. In addition if the big money enters and liquidity is achieved than it means the money will flow more and affect price.

samycoin

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Quote from: Sedorikku on May 31, 2018, 10:37:08 AM

Hey guys, i need some suggestions and opinions about this.

Well some factors that affect the price of bitcoin some bad news,fud news and panic selling. And I think it depends also to the demand in the market because people do what is will be the price of bitcoin. You know what I mean.

Elseye

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ApolloX

At fist it is surely information - how people speak and think about BTC, that's what decides the most, next one is the politicians approach at it.

zero9119

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Global economic fluctuations and the speculation of large investors are factors that in my opinion have a great influence on the value of Bitcoin. I believe that Bitcoin will continue to thrive but it will take more time to regain the expectation of investors.

th3nolo

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The news affects so much the bitcoin! It's crazy how a new one can pump or dump the market, for example, bitfinex this week announce that deposits and withdrawals in fiat has been frozen for a indefinitive time Undecided

Sarastiche

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BITCOIN IS THE CURRENCY OF THE GLOBE

One of the major factor is government policy for and against Bitcoin as it tends to reduce or increase the influenc on how people rate Bitcoin, All words and opinion of people/ journalist have a significant effect on the price of BTC, As news also have an influence on the value per time.

kenel

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the frequency of use of cryptocurrencies among ordinary people and the volume of the average purchase

ayesha703

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One major issue touching BTC is that the worry and panic around it. this can be largely caused by media individuals. area unit saying} all variety of things against Bitcoin and that they are the tool for disseminative data to the surface world then no matter they carry outside is what they additionally take. Also, Government influence includes a vast impact on the worth of Bitcoin, and that we have recently witnessed that from the start of this year.

Many Factors that have an effect on the worth or worth of Bitcoin, one and this can be an element of extraordinary influence on the worth of Bitcoin, this issue is News, well dangerous news or excellent news is incredibly authoritative. as a result of with the news, it will have an effect on the minds of Bitcoin actors. the second is provide and demand bitcoin, the upper the demand, the worth will be higher, however otherwise, the upper the provision of Bitcoin, then the worth are lower.

jak3

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I think some of the major factors which are affecting the Bitcoin price are fake or real news, media nowadays spread a lot of news about cryptocurrencies and they do not even verify if the news source is spreading the Legit news. Bitcoin is also being affected by its own network, fading and other investments in Bitcoin network also affect the people. And mostly I saw price drops a lot of time whenever some exchange gets hacked awesome service became a scam. There are a lot of factors but people should not listen to all of the factors and do not trust any outside source or whatever people say just believe in Bitcoin and contribute your knowledge and enjoy your business in it.

Zackgeno96

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The major factor according to me which affects the value of bitcoin is demand and supply. Since the coin is decentralised, there is no involvement of third parties between the buyer and the sender which makes the coin's demand the sole reason for increase in its market capital.
Another factor which contributes to this is how well the coin is accepted in the financial market. More the acceptance, less the dip in the coin's value and less volatility. This way, the coin can also head towards being a mainstream currency.

ngalamunan

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Quote from: credits_1 on October 12, 2018, 12:26:40 AM

one about the variables that can influence the bitcoin cost is awful news or FUD's that would holders be able to offer their bitcoin in light of the fact that they surmise that the cost of bitcoin will drop and the other factor is there are some gathering of a pump and dump that can control the estimation of bitcoin and the other thing is there are numerous con artists out there that utilization bitcoin as their introduction that is the reason individuals didn't trust bitcoin as a result of this reason.

factors that influence the value of bitcoin are the volume and distribution of Bitcoin, Trader's speculation, fraud mode involving Bitcoin, that is a factor that always influences the value of bitcoin.

sino22

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in my opinion, I think the thing that affects the value of bitcoin is bad news about bitcoin, because why by spreading bad news people will panic and sell at cheap prices, many lay people in the crypto world they panic when they hear bad news about bitcoin and sell at low prices without risking first and believing in bad news

princeyeboah

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Bitcoin follows the principle of supply and demand. Bitcoin is limited in supply and as it becomes more familiar to the people and meet the mass adoption, Bitcoin gradually increase in value because of the increase in demand.

wingsthegreat21

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First factor that I see is Media coverage since it can also impact the price of bitcoin by intensifying the effects of other marketing floats and factors that is very influential to other industries that can convince some of them to buy or sell cryptocurrencies.

whirlcoin

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Lot of indirect things affect the price value of bitcoin because it is decentralized, first of all whales are controlling the market so they jist manipulate for their profits and news about the crypto currency causes the temporary bumps and dumps and the fall of.stock market or even the fuel price has some effect.

gorodi

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Quote from: SkyFlakes on October 11, 2018, 05:59:26 PM

Quote from: lorapalmer on May 31, 2018, 11:03:14 AM

Factors that influence the value of the bitcoin:
1) government bitcoin policies and laws
2) political situation
3) social trends
4) appearance of new competitors
5) artificial influence on the value by trading at the crypto market
6) news (not always true one)
and many more. Could be something new will appear in the future. Did I miss anything?

Just like the current currencies, it is affected by such things listed above. Since, bitcoin is also a currency, but in digital form, it also exhibits the same idea to what it affects. Government, politics, trendings, competitprs were some of if. Every factors that could be listed can affect any currency in a small amount.

The events on the crypto market and the exchanges affect it a lot. The activities of the whales can sufficiently change the price of Bitcoin. Demand and supply are also very important.

TheLoser

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Quote from: geegaw on October 12, 2018, 07:34:57 AM

Quote from: Daboy_Lyle on October 12, 2018, 04:26:38 AM

Their are many factors affecting bitcoin one of them is the pump and dump group. They where usually traders that buys or sell bitcoin at the same time with huge amount. Population of users too will be a factor. Even here on bitcointalk forum we have here with 2 Billions of users + all the traders around that didn't know the forum. In short all factors are those who surrounds bitcoin.

I think the pumping and dumping groups are the main factors that lead to the effects on the value of bitcoin, small investors and users are just victims of this story, when these groups constantly put pressure on their spirits, then they become panicked and fall into the trap, even unable to control the action. Many people still think politics and some other news affects bitcoin but in fact, we need to ask a question as to why this news always comes at the right time, it does not come too soon or too late, time is very accurate, the director is probably the group pumping and dumping

I also agree with your opinion that the price of Bitcoin is influenced by a group of people who manipulate the market, this is the main factor. At the right moment, either negative or positive news comes out and the price moves either up or down, but only a small group of people usually know about it.

zubrr51

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So far, Bitcoin has proved itself as a means of payment, in a limited space and in a narrow circle of people, when compared with the world volumes of other fiat currencies.

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