The price follows the law of demand and hence the price you see in the market is the price that is the average of seller's asking and buyer's bid price. You might not see the same price even on two exchanges of the same country due to the various prices of the buyers and sellers on that particular exchange. Second thing is government or politician in a country. If an government ban bitcoin in their country then the negative effect of this also show on the price of Bitcoin
Topic: Factors that affects the value of bitcoin... - page 30. (Read 5274 times)
Hey guys, i need some suggestions and opinions about this.
Value of bitcoin is in the line of one direction no factor can affect the value of bitcoin it is only because of INVESTORS, TRADERS and other types of transaction related to bitcoin. this is not like an ELECTRIC CAR uses supposedly use for the entire country to protect our environment that affect to OIL INDUSTRY.
I think there are a lot of scammers out there who use bitcoin as their presentation that's why people do not trust bitcoin for this reason.
I think one factor that could affect bitcoin prices is bad news or FUD who can sell their bitcoin because they think that bitcoin prices will go down and another factor is there are some groups of pumps and dumps that can manipulate bitcoin values
Hey guys, i need some suggestions and opinions about this.
In my own opinion, the only factor that can affect the price of bitcoins in the market in a very hard way is fud because sometimes there are bad news that is spreading on a country which changes the mind set of every trader to sell their coins more than holding it.
I agree with you, since the media is talking about the end of bitcoin, it greatly affects the mind of the investors and other community that supports bitcoin, they didnt know the fact that bitcoin has always been like that since the beginning.
Hey guys, i need some suggestions and opinions about this.
First it is the social media. Small investors follow on this trend and believe easily on social media. When a popular entity exclaimed something unwanted about bitcoin, it decreases.
Second I think, are the whales. They are a manipulator and they control the market. They have huge amount on their hands and we, the small fishes don't have any idea what is on there mind right now.
Third is innovation so as the demand increase the supply decreases and also the price is starting to rise.
I think that affect the bitcoin value is the news about bitcoin itself if bad news is widely circulated then go down the value bitcoinnya and if good news circulating and profitable it is certain bitcoin will be invaded enthusiasts with limited amount of bitcoin if bitcoin continue in the search then not maybe again if the bitcoin price will continue to soar
Hey guys, i need some suggestions and opinions about this.
A very major and critical factor is the news related to bitcoin and other crypto and then the crypto price and value now a days change with it. Bad news is very painful for the crypto market and due to this the currencies become very cheap in value.
the factors that affect the value of bitcoin are from very limited total supply and from very high demand because of the higher bitcoin demand the bitcoin price will become very expensive, while currently many news in the media can also trigger the bitcoin price movement.
Hey guys, i need some suggestions and opinions about this.
The factor that can affect bitcoins value is huge panic selling because of that it will cause a huge dropping too. Many people are panicking when they heard a fud news that cause of dumping in the market.
The biggest factor that most influential is the trust of users and investors, if users are confident with the future bitcoin and they continue to buy without ever selling it will automatically make bitcoin value continues to increase.
I believe there are lots of things that affects the price of Bitcoin and the devs too can play a role in controlling the price of Bitcoin and other cryptocurrencies. Just check out Bitcoin and compare it to other cryptocurrencies, you will get to see that it is more volatile then every other cryptocurrencies we have in the market. ETH is less volatile and doesn’t fluctuate much like Bitcoin does. So believe it or not, the devs also plays a role in this.
As for the volatility of Ethereum and Bitcoin, here they are almost the same. Bitcoin is always affected by the news that appears in mass media, by the forks of BTC. Naturally, the whales can manipulate Bitcoin prices.
Hey guys, i need some suggestions and opinions about this.
In my own opinion, fud is the biggest factor why the prices of bitcoins or other cryptocurrencies are decreasing, let say there is an article that is against upon the growth of cryptocurrency and everybody agree's on it then the out come will be dumping of prices in the market.
The most important factor should be supply and demand. Only when demand is more, the value of bitcoin will be greater.
Hey guys, i need some suggestions and opinions about this.
A very major and critical factor is the news related to bitcoin and other crypto and then the crypto price and value now a days change with it. Bad news is very painful for the crypto market and due to this the currencies become very cheap in value.
Hey guys, i need some suggestions and opinions about this.
One of the most commonly basis of price changes is the law of demand and supply. Maybe some of you heard about this, it was taught in college, its the basic law in economics. Demand and Supply has inverse relationship. Example if a supply of one cryptocurrency or bitcoin has been going to low, and the demand of it becomes higher, then the price of the cryptocurrency will technically grow. Its the basics. You can also research to know more.
Level of demand. At present demand of bitcoin is based on the exchange trading. We need to start significant trading of goods and service that to go beyond is it.
I think the factor is bitcoin users themselves. Bitcoin can evolve because of its users so that it can destroy or degrade its users as well. Like a prices are rising because many are buying for investment while prices are down because so many users are selling their bitcoins.
Hey guys, i need some suggestions and opinions about this.
Bitcoin is like other kind of stocks/assets you see out there in the market, and the price rate is being determined by the rate of demand and rate of supply. But the only difference with this one is that it is very volatile and if you check how far the price has gone in just few years now and you know that I’m right. I think the price being too volatile is based on how the devs has chosen it to be.
Hey guys, i need some suggestions and opinions about this.
In my own opinion, the only factor that can affect the price of bitcoins in the market in a very hard way is fud because sometimes there are bad news that is spreading on a country which changes the mind set of every trader to sell their coins more than holding it.
Hey guys, i need some suggestions and opinions about this.
Bitcoin is like other kind of stocks/assets you see out there in the market, and the price rate is being determined by the rate of demand and rate of supply. But the only difference with this one is that it is very volatile and if you check how far the price has gone in just few years now and you know that I’m right. I think the price being too volatile is based on how the devs has chosen it to be.Hey guys, i need some suggestions and opinions about this.
First it is the social media. Small investors follow on this trend and believe easily on social media. When a popular entity exclaimed something unwanted about bitcoin, it decreases.
Second I think, are the whales. They are a manipulator and they control the market. They have huge amount on their hands and we, the small fishes don't have any idea what is on there mind right now.
Third is innovation so as the demand increase the supply decreases and also the price is starting to rise.
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