Topic: Five Reasons to Impact Bitcoin Prices - page 4. (Read 1902 times)

There are so many reasons which are impact bitcoin for less value to more value like if the demand for bitcoin rise the price is moving to rise and till the market force like supply balance demand the price become less and unstable so it impact bitcoin. and with this the price volatility high and then the investors feel fear and they switch the coin. So in crypto bitcoin is the most important and valuable coin for now as we can say that in the future bitcoin will use for many purposes so it will make bitcoin more expensive.

I dont think the people who bought bitcoin were actually shark investors. They were just newbies willing to get into the market in the hope of getting rich quick. (just like greedy dumbos) A real investor would actually analyse the market and its risks before putting in any amount of capital with hopes of future returns.

True, we can see that rejection is not making much of a splash but the small dumps are happening. Bitcoin is facing resistance to cross the 7k or even touch the 7k mark this month and its not surprising if someone just dumps away all their coins if it does touch 7k to send us all tumbling down to 5k.

Impact on price might not be a big issue for the hodlers even if its painful but the small fries got pulverized into splatooshis.

So in crypto bitcoin is the most important and valuable coin for now as we can say that in the future bitcoin will use for many purposes so it will make bitcoin more expensive.

I don't think prices are always manipulated by someone. do you know bitcoin marketcap reaches billions of dollars? who is the person who has that capital and wants to take risks by endangering their money to manipulate the market which is not necessarily possible. but I do not rule out the possibility of manipulation sometimes happening

There are so many reasons which are impact bitcoin for less value to more value like if the demand for bitcoin rise the price is moving to rise and till the market force like supply balance demand the price become less and unstable so it impact bitcoin. and with this the price volatility high and then the investors feel fear and they switch the coin. So in crypto bitcoin is the most important and valuable coin for now as we can say that in the future bitcoin will use for many purposes so it will make bitcoin more expensive.

you are all right to say but the most basic component is the manipulation of the market which dictate the tone of the price

Again, I'm thinking that investors unlike like year is being smart and wouldn't just FOMO to enter the market. Look at those newbies who bought bitcoin at its peak, they are all gone now, because they got burned. But I'm sure that they learn from their mistakes, gain experienced and now are more intelligent.

Maybe doing some analysis of their own. ETF's news though is quite a nuisance and i'm no longer trying to get myself to be affected by those news. Rejection or approval doesn't make any difference, IMHO.

 -BTC 5/8 price is trading at 7000 USD / BTC, down 6,9% , market capitalization is 127 billion USD and cash flow is over 17 billion dong according to Coinmarketcap. The BTC's non-braking slope also caused the entire altcoin to turn on red lights. Most notably, TRON's Justin Sun recently featured prominently including Tron's recent acquisition of BitTorrent and uTorrent, the launch of Tron Virtual Machine (TVM), and a secret project later announced as the Project Atlas) but still swept the wave of the market.
  -Five reasons are thought to be the biggest impact on BTC pricing:
       +HitBTC reported hardware failure: The recent tight control on the HitBTC trading floor caused the inhibition of the user community causing the BTC market to suffer a psychological blow after this incident.
       +Bitcoin ETF was denied the license by the SEC. This is considered a major factor causing Bitcoin to drop immediately and causing the market to fluctuate sharply in the past few weeks.
       +Korea taxed the digital exchanges. This news has caused a gloomy atmosphere for the whole market including BTC
       +The recent virtual trading on the BitForex trading floor, a deal on Coinmarketcap, has raised concerns about market manipulation, a loss of confidence in electronic money transactions.
       +Bitcoin's trading profile has changed, noting that the cash flow was flowing back from the altcoins into Bitcoin and Tether (USDT). Indexes for the movement of funds include Bitcoin dominance of market capitalization, up to 48%. In addition, the USDT transaction now accounts for more than 21% of the total volume of the electronic money market.

Lot of things really impact bitcoin price and i agree with you that exchange website are the reason for the price drops. The sudden drop of bitcoin prices now is because no one buys bitcoin for a huge amount. All they want is to buy in low amount.

This is a very good summary and I also think all of these events contributed to the massive price decline in recent days. Which one do you think had the single biggest impact? I tend toward the ETF delay but maybe I am biased as this was constantly talked about. After all, this decision affected only the US market which is certainly less relevant than the Asian regions. What are your thoughts?

Its strange how the news is affecting the market this year while last year it was not so. This year the good news of ETF did not move the market much but then the news of ETF postponing made the market crash followed by recovery. In my opinion there are some new young blood investors who barely entered during a high price and are now in a loss. They are trying to break even by selling even at loss in order to get back their money.

This can happen if FOMO steps into their minds and they dont analyse past prices before entering.