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Topic: it can affect the price of bitcoin? (Read 399 times)

legendary
Activity: 2590
Merit: 1022
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November 05, 2022, 11:01:39 PM
#30
One can easily understand how the price gonna affect, if he knows the basic rule of supply and demand .
The Bitcoin market is more complex than other markets and it is smaller than other markets too. Therefore it is more vulnerable and sensitive to market manipulations. In reality, it is more easily affected by manipulations that reduce impact of supply and demand correlation.

Quote
It doesn’t really matter if you are talking specifically about future trades or if people are holding their Bitcoins for long term. As there are fixed amount of Bitcoins out their to be bought, so if more people show interest to buy the coin, then definitely the price will rise and hence this affects the price. Similar things also happen while buying, selling or borrowing.
With Bitcoin, it is better to say about it in an aspect of investment rather than trading or speculation. Bitcoin market is too sensitive to news that are diversifying from exchanges (hacks, upgrades, policy changes), governmental policies and regulations to globally general economic issues.

Like the pandemic, we can not predict will it happen and when it will occur. We can not predict too far about future on Earth, everything from society, politics to global health issues.
Possibly, it is because you and me do not have any experience trading, so we find it more advantageous to invest and hold bitcoins rather than to trade or speculate with them. But there are many people who prefer trading to long-term investment because they are skilled, they are confident in their trading ability. I have seen many traders say that they like the short term volatility of bitcoin because they can profit from it while it is very difficult for me. It all depends on the skill of each person to choose for themselves the appropriate form.
hero member
Activity: 2366
Merit: 838
November 05, 2022, 10:25:52 PM
#29
One can easily understand how the price gonna affect, if he knows the basic rule of supply and demand .
The Bitcoin market is more complex than other markets and it is smaller than other markets too. Therefore it is more vulnerable and sensitive to market manipulations. In reality, it is more easily affected by manipulations that reduce impact of supply and demand correlation.

Quote
It doesn’t really matter if you are talking specifically about future trades or if people are holding their Bitcoins for long term. As there are fixed amount of Bitcoins out their to be bought, so if more people show interest to buy the coin, then definitely the price will rise and hence this affects the price. Similar things also happen while buying, selling or borrowing.
With Bitcoin, it is better to say about it in an aspect of investment rather than trading or speculation. Bitcoin market is too sensitive to news that are diversifying from exchanges (hacks, upgrades, policy changes), governmental policies and regulations to globally general economic issues.

Like the pandemic, we can not predict will it happen and when it will occur. We can not predict too far about future on Earth, everything from society, politics to global health issues.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
November 05, 2022, 04:42:31 PM
#28
If you want to ask what affects the price of bitcoin, it can be said that bitcoin is like other assets, the price will be measured by supply and demand, when demand is higher than supply will make the price go up and this is what is happening. The total bitcoin supply is very limited while the demand is increasing daily which will help the bitcoin price to go much higher in the future.

Don't worry with the current situation, why does bitcoin drop so sharply, in addition to the influence of the world economic situation, bitcoin is also in a downtrend, everything will be over soon and bitcoin will soon rise again. If you still do not own bitcoin, this is a great opportunity because bitcoin price is at the bottom, suitable for buying and holding, and profits will be huge when the bull season comes. Take advantage of this moment.

though the simple answer is owed to supply and demand concept. but we all know that there are various factors affecting the price of this top coin. and they have no defined influence to this market. the up and down movement is just normal to any market. only the factors contributing to this movement do change. you can't find concrete answer to this question. it changes thru time.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
November 05, 2022, 07:51:57 AM
#27
I'm a bit confused by what you say. But for you to know that the price of bitcoin will always fluctuate following the supply and demand of people trading. So even if we don't have a crystal ball or can't predict anything about bitcoin, you don't have to worry because you have to buy low and sell high. You can also hold bitcoins for the long term and don't have to think about bitcoin price fluctuations so that will reduce your worries. But if you mean trading futures, it will be very different from trading because there will be risk behind it.
copper member
Activity: 2268
Merit: 539
DGbet.fun - Crypto Sportsbook
November 05, 2022, 07:09:08 AM
#26
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.

One can easily understand how the price gonna affect, if he knows the basic rule of supply and demand . It doesn’t really matter if you are talking specifically about future trades or if people are holding their Bitcoins for long term. As there are fixed amount of Bitcoins out their to be bought, so if more people show interest to buy the coin, then definitely the price will rise and hence this affects the price. Similar things also happen while buying, selling or borrowing.
hero member
Activity: 2268
Merit: 579
Vave.com - Crypto Casino
November 05, 2022, 06:41:16 AM
#25
If you want to ask what affects the price of bitcoin, it can be said that bitcoin is like other assets, the price will be measured by supply and demand, when demand is higher than supply will make the price go up and this is what is happening. The total bitcoin supply is very limited while the demand is increasing daily which will help the bitcoin price to go much higher in the future.

Don't worry with the current situation, why does bitcoin drop so sharply, in addition to the influence of the world economic situation, bitcoin is also in a downtrend, everything will be over soon and bitcoin will soon rise again. If you still do not own bitcoin, this is a great opportunity because bitcoin price is at the bottom, suitable for buying and holding, and profits will be huge when the bull season comes. Take advantage of this moment.
hero member
Activity: 840
Merit: 570
November 05, 2022, 06:22:53 AM
#24
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?


As long as buying and selling continue, there is a good chance that the market price of bitcoin will rise. Just believe the more people are  selling off their Bitcoin investments, more are people also are also buying to invest in Bitcoin. Therefore, if a lot of people with hug amount of Bitcoin in their wallets decided to sell it off, the market price would change, which will lead to lower price of Bitcoin, and if businesses or someone else decided to acquire a hug of Bitcoin, which will also lead to high price of Bitcoin, for sure. In the same way that everyone is focused on 2024 and many people are preparing to invest Bitcoin because they think there will be a scarcity of Bitcoin and there will be high in price according to analysis, if more nations and people can adopt Bitcoin their will be increase in price of Bitcoin and Bitcoin  price will do more than our expectations doing that 2024 to 2025.

So the Bitcoin price  is lovely determined by level of adoption. The people are investing Bitcoin the more price will continue to they high. So probability that the price of Bitcoin will appreciate in future.
member
Activity: 96
Merit: 10
October 12, 2022, 07:32:23 AM
#23
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

The futures market can only influence bitcoin indirectly. Since large holders of bitcoins can watch the behavior of the market and, according to specific indicators, decide to sell or buy the currency. But this action can impact the bitcoin price, depending on the volume.
sr. member
Activity: 1313
Merit: 302
October 04, 2022, 02:08:35 PM
#22
Bitcoin is the good crypto currency,their is no doubt in that.When their is good demand of bitcoin in the market,you no need to worry about the price of bitcoin.Since their is the demand in the bitcoin,the price of bitcoin will increase to new high in the couple of the days.Their is always some volatile in the price of the bitcoin and the demand.So no need to worry for the small dump in the price of the bitcoin.
legendary
Activity: 1526
Merit: 1359
October 04, 2022, 01:24:16 PM
#21
it can affect the price of bitcoin?

The price of Bitcoin has fluctuated dramatically over the past few years and it is not going to stop anytime soon. This kind of volatility doesn't bode well for the future of Bitcoin as a currency, but that doesn't mean that there aren't ways to predict what could affect its price in the future. There are ways to make informed guesses and be prepared for these changes. These include how the market reacts to certain geopolitical changes, how Bitcoin continues to be used, as well as social and political attitudes towards the currency. This is why it is important to be informed about current events and news that affect Bitcoin. By keeping up with how the market reacts to these events, you can make educated guesses on how the trends will continue. You’ll also be able to take advantage of any opportunities that arise from these changes.
legendary
Activity: 1974
Merit: 1150
October 04, 2022, 01:05:40 PM
#20
it can affect the price of bitcoin?
Bitcoin is a potentially profitable asset in the future. Many things support this statement and among them is the adoption and desire of people who seek profit through price fluctuations.

If that's actually what you mean, I already told you on the first point. The potential of bitcoin always allows you to get 2 things, if it is not profit then you will lose because of it. But when your main goal is to make a profit, then I don't think that you care much about its other uses.
member
Activity: 67
Merit: 61
October 04, 2022, 10:38:50 AM
#19
If you're wondering if Bitcoin will impact the future, then yes. Because Bitcoin is the most trusted coin in the world, which is the top number 1 coin in coinmarket.

And this is why everyone likes Bitcoin. And if you invest on Bitcoin, you will definitely profit. can be expected

And Bitcoin's Blockchain is very strong. So I always think investing on it will never lose money. In terms of investment, it can be said that if you do it in the long term, you will get the most profit. And with Bitcoin, the most money is able to be transacted more safely.
member
Activity: 467
Merit: 61
October 04, 2022, 09:39:04 AM
#18
In my opinion, of course it will affect the price of bitcoin, even if buying and selling in a short time, or can be called a short-term investment, because of the many transactions there must be ones that involve, or can also be called, buying at the top, and if people buy at the top don't panic when the price drops, of course they won't sell it. and with so many transactions, the price will go up, that's why there are some people who say once every 5 years the price of bitcoin and crypto, will rise very high, as experienced by bitcoin and crypto, in 2021.
hero member
Activity: 952
Merit: 555
October 04, 2022, 09:06:09 AM
#17
Either you buy or hold and sell that doesn't affect the market price of bitcoin since there are a large number of people holding than you do, selling than you can think, and also buying and this has always been a continuous process but what makes it more interesting is the side that has the winning edge vested much, if the demand and supply reach a point beyond the normal expected equilibrium position then the price either move high or go low within that period untill the market got balanced before a change is being experienced on either side.
hero member
Activity: 1456
Merit: 940
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October 04, 2022, 08:53:25 AM
#16
This is going a bit beyond my knowledge of economics, but apparently the volatility of the actual price of bitcoin can be affected by what's happening in the futures markets. Futures markets are a powerful tool in the financial world, and they are especially useful for commodities like oil and gas. If there's a big swing in prices on the futures market it could suggest that there are big changes coming to the actual market. If the price of a commodity on the futures market is higher than its current price in real time, it could mean that people are betting on a future rise in price. So if you have a sense of what the future will be like and you think it will be good or bad, then you can use that information to make trading decisions.
sr. member
Activity: 2436
Merit: 343
October 04, 2022, 08:46:07 AM
#15
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?
As long as people will trust Bitcoin in the future, the price of Bitcoin will still grow. People are still thinking positively despite the volatility, of course, this will affect the market but there is one thing I was sure of - people will remain hopeful because they believe that this will help to improve their living and financials.

I'm not sure about every Friday of the month, the price of Bitcoin will move in unpredictable directions as always. It was hard to prove that every Friday this will be the direction of the market because if that is so, then we have thought this has been controlled by someone like a whale.
hero member
Activity: 1288
Merit: 564
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October 04, 2022, 08:36:46 AM
#14
Futures affects the Bitcoin market in short term because whales always scalp on the volatility of Bitcoin but since Futures Trading has a short liquidation price, Those open position can be easily wiped out once there’s huge buy volume on spot market because the opposite position along with the spot market direction will surely eat those losing side open position until they were liquidated.

You will notice that the price keeps up and down on a certain range a normal condition that has no huge volume that will make this futures trading position liquidate.
member
Activity: 84
Merit: 12
October 04, 2022, 08:30:21 AM
#13
although I don't really understand what you want to convey,
but if you mean something that can change the price of bitcoin,
and you assume most people use bitcoin only for speculative assets,

bitcoin is indeed a good asset and potential for the future,
and not just for investment,
now some countries also use bitcoin as a means of payment,
although not many countries have adopted bitcoin.

bitcoin may be very helpful and useful in the future,

don't misjudge bitcoin my friend.
legendary
Activity: 1092
Merit: 1364
October 04, 2022, 08:08:59 AM
#12
Bitcoin might be speculative because it's a decentralized digital currency  so speculation is always there.  Yes, bitcoin will appreciate in the future. From the historical analysis of bitcoin market, even this bear market will still go up. In any business wholesalers buy when the particular goods is in very low price and resell it when the price goes up. I can remember in my village when fuel price was very low, black marketers would buy it and store it in a large quantities and when the price goes up, they will come out and sell it. That is how I am also seeing in bitcoin. This is the best time to buy if there is money because after now bitcoin will go up and once bitcoin goes up it will be hard for low salary earners to buy at that time.
legendary
Activity: 1498
Merit: 1116
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October 04, 2022, 08:04:58 AM
#11
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
You are correct, and for whatever reason someone decides to have bitcoins, it is not a decision that they will regret in the coming future.
Although the original function of the futures is not this;
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
People have found extensive uses in using to determine the price of bitcoin. But in comparison to other methods of predicting the market like Technical analysis, Fundamental analysis and Sentimental analysis, the use of the activities on the future market cannot really compare to me.
newbie
Activity: 45
Merit: 0
October 04, 2022, 07:39:14 AM
#10
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.
hero member
Activity: 1414
Merit: 542
October 04, 2022, 06:58:42 AM
#9
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.

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.
sr. member
Activity: 1008
Merit: 366
October 04, 2022, 04:41:26 AM
#8
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.
hero member
Activity: 2366
Merit: 838
October 04, 2022, 04:11:16 AM
#7
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.
sr. member
Activity: 1834
Merit: 261
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October 04, 2022, 03:18:10 AM
#6
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
copper member
Activity: 2940
Merit: 1280
https://linktr.ee/crwthopia
October 04, 2022, 12:14:35 AM
#5
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.
sr. member
Activity: 1610
Merit: 294
www.licx.io
October 04, 2022, 12:04:13 AM
#4
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.
legendary
Activity: 3472
Merit: 10611
October 03, 2022, 11:58:30 PM
#3
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 🤖
October 03, 2022, 10:13:20 PM
#2
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.
newbie
Activity: 28
Merit: 2
October 03, 2022, 09:27:18 PM
#1
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?
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