it can affect the price of bitcoin? - page 2.

Esther C

newbie

Activity: 45

Merit: 0

Quote from: Editbar on October 03, 2022, 09:27:18 PM

Bitcoin is still seen and used as widely as a speculative asset most people are buying it because they think

it's going to appreciate in the future or they're and they're not transacting with it in their daily lives they're holding it for the long term and because of that type of price speculation, there's a lot of people, especially day traders who use tools or use what's happening on futures markets to determine the sentiment of where the price is going to go everyone wants to have a crystal ball of what the future price of anything is going to be and futures prices you know the last Friday of every month is always volatile because that's when the futures expire and people are basing what's going to happen in the next month on
that particular day so on the short term.
it can affect the price of bitcoin?

I'm not quite clear on what your question is but generally transactions in bitcoin alters the price both ways. Volatility even makes the price more unstable.

Dave1

hero member

Activity: 1414

Merit: 542

Quote from: Editbar on October 03, 2022, 09:27:18 PM

Bitcoin is still seen and used as widely as a speculative asset most people are buying it because they think

It's become a speculative asset with it had prices in an exchange early. from $0.1 to $10, to the last all time high, so yeah you can call it as such.

Quote from: avikz on October 03, 2022, 10:24:00 PM

it's going to appreciate in the future or they're and they're not transacting with it in their daily lives they're holding it for the long term and because of that type of price speculation, there's a lot of people, especially day traders who use tools or use what's happening on futures markets to determine the sentiment of where the price is going to go everyone wants to have a crystal ball of what the future price of anything is going to be and futures prices you know the last Friday of every month is always volatile because that's when the futures expire and people are basing what's going to happen in the next month on
that particular day so on the short term.
it can affect the price of bitcoin?

I think many people are doing bitcoin transaction, and so it is being use as payment system or store of value or whatever you want to do with your bitcoin.

Supply and Demand is still the basic tenant of bitcoin, and it will affect the price no matter what.

tjtonmoy

sr. member

Activity: 1008

Merit: 366

Can you be more specific about what you are referring to? If you are trying to say that if everyone holds the BTC for bigger profit and value what will happen to the price in the future or can it affect the price too? Then yes. I think it will. What if all holders decides to sell all at once. Then that will be a disaster.

tbct_mt2

hero member

Activity: 2366

Merit: 838

Quote from: Editbar on October 03, 2022, 09:27:18 PM

Bitcoin is still seen and used as widely as a speculative asset

A speculative asset is one of Bitcoin utilities. You can use Bitcoin in many ways, with different use cases.

Investment (real investment), speculation, trading, payment method and more. In future, with bigger adoption for Bitcoin and more enhancement in technology, Bitcoin will have more utilities and more use cases.

Utilities and use cases create value for Bitcoin and consequently we will see good growth in price. Building fundamentals, create value then price will follow.

samuraijin

sr. member

Activity: 1834

Merit: 261

20BET - Premium Casino & Sportsbook

the futures market actually has a high risk for beginners who can't analyze the market well, most people choose to invest long term because they know bitcoin investment is not very profitable for the short term or use the futures market, so to influence the price of bitcoin is also based on market demand not from futures market

crwth

copper member

Activity: 2940

Merit: 1280

https://linktr.ee/crwthopia

Everything that a person does in the market, whether it's buy or sell can affect the market, whether it's minute volume or very large amount. As long as it's seen in a smaller timeframe or something, someone could've seen the move and maybe interpret it in someway or form that it could be a bullish sign or bearish one. It's always speculation when predicting prices.

$anounimus$

sr. member

Activity: 1610

Merit: 294

www.licx.io

A lot of people in the market are always looking forward to Friday, but my view is it's not the number of bitcoins that affects the bitcoin price. It's about demand. If the majority of people believe that the price will go up, they buy bitcoin which then causes the increase. If they believe it will decrease, they sell which causes the decline.

They do however issue new bitcoins at a predictable rate, so you can rest assured that you will never run out and never earn again.

Generally, the price of bitcoin is completely dependent on the market, which is made up of individual traders. These market participants decide whether they want to buy or sell bitcoin based on what they think will happen in the future. There are many factors that determine how much someone is willing to pay for a bitcoin, and even what they actually want to use it for.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: Editbar on October 03, 2022, 09:27:18 PM

Bitcoin is still seen and used as widely as a speculative asset most people are buying it because they think it's going to appreciate in the future

That's mostly true during bull runs, specially the long ones like what we had in 2017. But when the bull market stops or when we are in a bear market or in a sideways market, those speculators who want quick profit no longer have the incentive so they go away and "most" people are those who believe in bitcoin itself as a currency with long term potential.

Quote

it can affect the price of bitcoin?

You mean speculation and day traders affecting the price? Of course! Not sure what you are trying to conclude here though.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Quote from: Editbar on October 03, 2022, 09:27:18 PM

it can affect the price of bitcoin?

Not sure what you're referring to specifically by "it" here?

If you're referring to futures markets, then yes. Because in the back-end, futures markets pretty much consists of buys, sells, and borrowing — in which all 3 affects the markets in their own ways.

Editbar

newbie

Activity: 28

Merit: 2

Bitcoin is still seen and used as widely as a speculative asset most people are buying it because they think

it's going to appreciate in the future or they're and they're not transacting with it in their daily lives they're holding it for the long term and because of that type of price speculation, there's a lot of people, especially day traders who use tools or use what's happening on futures markets to determine the sentiment of where the price is going to go everyone wants to have a crystal ball of what the future price of anything is going to be and futures prices you know the last Friday of every month is always volatile because that's when the futures expire and people are basing what's going to happen in the next month on
that particular day so on the short term.
it can affect the price of bitcoin?

Topic: it can affect the price of bitcoin? - page 2. (Read 397 times)