Question of Bitcoin Price Change - page 2.

raymart0720

full member

Activity: 322

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it is not new to that kind of happening
we all know that bitcoin's behavior is pumped and dumped every time if there will something happen that is related to CRYPTOCURRENCIES
and the law of supply and demand and also like what happen to china last month where the bitcoin loose its price to 3.5k USD
and we all also know that bitcoin will recover blazing fast like a month I think
4825.01 US Dollar is the current price now yesterday it was 4.2k USD see how much and it hit the mark of 4.5k USD amazing Grin

fanbeila

hero member

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Bitcoin being a decentralized currency,its price is determined by the value the buyer is ready to pay.In other words,its price either increases or decreases as per the increase and decrease in demand for it.but earlier,when china had a dominating position in bitcoin market,its price was mostly manipulated by chinese investors by dumping their huge volume of bitcoins at once.Also,big whales spread FUD in the market to make new investors panic and they rebuy those bitcoins at low price.

But now,chinese manipulation is not possible since bitcoin has users world wide.Now,mostly FUD is responsible for high fluctuation in bitcoin price.

Kakmakr

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Leading Crypto Sports Betting & Casino Platform

Bitcoin have loads of early adopters who bought 1000's of coins at very cheap prices. These guys are called Bitcoin Whales. Some of them are working together on different markets to manipulate the price in their favour. They use their cash reserves that they have built up from previous sales to slowly push up the price < as a unit > and this triggers other people to start to buy. < anticipating a breakout price >

When the price reach a specific target price, they start to dump their coins to take some profit. < So they start buying low and then they sell at a higher price > ^smile^

datodota002

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Quote from: Leo Liang on September 18, 2017, 02:21:19 PM

i'm new to the bitcoin community so i'm just very curious about what causes the prices to sometimes skyrocket but then drop really low so quickly. Thanks

bitcoin price always change is because the demand and supply, as you know bitcoin is just 21 million for all people in the world and when more people buy bitcoin price will increase because bitcoin will be an antique thing.

speedy963

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Most of the times the price changes are due to so many circumstances, like news and other stuffs related to rumors and issues, investors who are behind those big quantities of trades, or those bag holders, while some are because of those groups that are behind the pump and dump issues. You need to be aware of those things before you join this community, and mostly you have to control your emotion as needed for you to survive this economy.

behindcrypto

newbie

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Bitcoin’s value is dependant on the intensity of demand and supply there is. The demand is a market factor. The intensity with which the market needs the commodity fuels the demand aspect. Supply however is a limited factor within the Bitcoin economy since the number of bitcoins there can exist within the network is limited to 21 Million.
There isn’t any actual set price for a Bitcoin. The price of Bitcoin is a balance between what price someone is willing to trade with to part from the Bitcoin.

MrZ28s

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In crypto sudden uptrend and dips are very common. There are quick traders that dump their positions right away depending on what their chart analysis says. We also got news that can really shake the market and since bitcoin is revolutionary where governments and banks cannot control they will try to say something negative or control it. The most important thing here is education. Most crypto people are futuristic and avid fans of technology and innovations.

Spaffin

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It should be recognized that the crypto currency has a high degree of volatility. On its rise and fall affect the various news on the world market. Such as recent news about the ban on the circulation of crypto currency in China. However, I do not see anything wrong with this quality. It has quite a good effect on the activity of trading on the market.

BurhanPSG

full member

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There maybe several reasons, if bitcoin prices go up I think has to do with a very high global market demand.
for bitcoin prices are down, this is as I explained above but if the price drops means low market demand

BitcoinMuscle

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Quote from: Leo Liang on September 18, 2017, 02:21:19 PM

i'm new to the bitcoin community so i'm just very curious about what causes the prices to sometimes skyrocket but then drop really low so quickly. Thanks

It depends on how people spend their bitcoins. If people see bad news about bitcoin in media they will immediately sell it for a lower price than the market so the market price also drops. If people see good news about bitcoin they will buy more because they know the price will go up. When a lot of persons buy bitcoins in the same time the price go up.

rarkenin

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Quote from: Leo Liang on September 18, 2017, 02:21:19 PM

i'm new to the bitcoin community so i'm just very curious about what causes the prices to sometimes skyrocket but then drop really low so quickly. Thanks

Let's call it pump and dump in short.Supply is the sell orders which created by market participants to sell on best available price.Demand is total buy orders accumulated by market participants.

djselery

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Quote from: Leo Liang on September 18, 2017, 02:21:19 PM

i'm new to the bitcoin community so i'm just very curious about what causes the prices to sometimes skyrocket but then drop really low so quickly. Thanks

Bitcoin's price is known by its volatility, it is going down and up with time, but generally its rising highly since a while until now. There is many factors make the price up or down, but it is in general linked to the market , the supply and the demand and so on.
You have to deal with the fact of price's volatility, and make your plan about holding.

hurain

sr. member

Activity: 462

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Quote from: Ararbermas on October 02, 2017, 11:15:48 AM

Quote from: Leo Liang on September 18, 2017, 02:21:19 PM

i'm new to the bitcoin community so i'm just very curious about what causes the prices to sometimes skyrocket but then drop really low so quickly. Thanks

There are some causes why bitcoin didn't stay for a awhile in a value. . Cause of some reason that depends also in market situation which is the more using of the currency the more of chances that its keep rising its value cause as iknow it depends also in the market rate . And some reason also why bitcoin has a volatility attitude beacuse of the china . They decided to banned some of the ICO and aslo affect on the bitcoin value. in the past week it has a deeper drop but as of know its gaining more strength.thats are the reasons why bitcoin keep volatile its value..
And i hope that there are no more issues emerge that can stop bitcoin and reach our predicted value as well

yes that is a fact that a lot of reasons are there which are in fact responsible for increasing the price of bitcoin. but i think that the main reason is the interest of the people, If people will continue their interest in bitcoin trading then its price will also continue increasing, The other reason which is also responsible for the increasing in the price of bitcoin is that bitcoin is decentralize currency and its users are present throughout the world which is also causing the increasing in the price of bitcoin.

annbagira

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Quote from: Leo Liang on September 18, 2017, 02:21:19 PM

i'm new to the bitcoin community so i'm just very curious about what causes the prices to sometimes skyrocket but then drop really low so quickly. Thanks

Hello author! Creating this technology and bitcoins was an awesome idea it very very smart thing but as usual humanity can destroy anything and kill all good things in our world! Humanity can fast to convert something positive in negative and crypto-chain it's not an exception. This market under total control and somebody play their funny games which make awesome volatility and be sure crytocurrency never will be stable! We just need be ready on any scenario

EddyGameta

hero member

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Bitcoin is a very volatile thing, the price surely can raise so drastically though in a short period of time. The most important factor is supply and demand, then market sentiment and the created FUD. In China’s case yesterday was the news that created market sentiment then created a very large FUD and eventually increased supply and reduced demand in a greater scale.

LuffyD.Monkey

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Activity: 336

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Quote from: Ararbermas on October 02, 2017, 11:15:48 AM

Quote from: Leo Liang on September 18, 2017, 02:21:19 PM

i'm new to the bitcoin community so i'm just very curious about what causes the prices to sometimes skyrocket but then drop really low so quickly. Thanks

There are some causes why bitcoin didn't stay for a awhile in a value. . Cause of some reason that depends also in market situation which is the more using of the currency the more of chances that its keep rising its value cause as iknow it depends also in the market rate . And some reason also why bitcoin has a volatility attitude beacuse of the china . They decided to banned some of the ICO and aslo affect on the bitcoin value. in the past week it has a deeper drop but as of know its gaining more strength.thats are the reasons why bitcoin keep volatile its value..
And i hope that there are no more issues emerge that can stop bitcoin and reach our predicted value as well

The main reason to its price change is attraction of user to it, as investors are investing properly on daily basis price will stay up as investor got panic by some rumors and start selling this will bring down the values and it will not be helpful to both investor as well as to bitcoin so advise to investor is stay calm and keep investing profit will be yours.

Ararbermas

sr. member

Activity: 1988

Merit: 283

Quote from: Leo Liang on September 18, 2017, 02:21:19 PM

i'm new to the bitcoin community so i'm just very curious about what causes the prices to sometimes skyrocket but then drop really low so quickly. Thanks

There are some causes why bitcoin didn't stay for a awhile in a value. . Cause of some reason that depends also in market situation which is the more using of the currency the more of chances that its keep rising its value cause as iknow it depends also in the market rate . And some reason also why bitcoin has a volatility attitude beacuse of the china . They decided to banned some of the ICO and aslo affect on the bitcoin value. in the past week it has a deeper drop but as of know its gaining more strength.thats are the reasons why bitcoin keep volatile its value..
And i hope that there are no more issues emerge that can stop bitcoin and reach our predicted value as well

teilwalL05

hero member

Activity: 980

Merit: 500

Quote from: IdoandWill on October 02, 2017, 10:33:54 AM

Quote from: Leo Liang on September 18, 2017, 02:21:19 PM

i'm new to the bitcoin community so i'm just very curious about what causes the prices to sometimes skyrocket but then drop really low so quickly. Thanks

With all the love for bitcoins, it is worth acknowledging that bitcoin jerks from any noise. China closes exchangers and the exchange rate drops. A new fork is being made and the rate is growing. Moreover, I did not find any good analytical obscuration on Bitcoin 2.0 (a new fork).

Now the US has collected a commission on the analysis of the Crypto-currency. And no one knows what can affect the course.

If many businesses start using bitcoin, then the rate will become stable. But now this is not.

I really think the price of bitcoin is not gonna become stable, bitcoin fluctuate much and it works that way even if the price was steady at the moment wait for it and it will somewhat move again, and because of the high demand right now, you can certainly see that the price rising and dropping is due to the good and bad news bitcoin has receiving so it is pretty normal even in the stock market you can always see this kind of stuff.

IdoandWill

newbie

Activity: 102

Merit: 0

Quote from: Leo Liang on September 18, 2017, 02:21:19 PM

i'm new to the bitcoin community so i'm just very curious about what causes the prices to sometimes skyrocket but then drop really low so quickly. Thanks

With all the love for bitcoins, it is worth acknowledging that bitcoin jerks from any noise. China closes exchangers and the exchange rate drops. A new fork is being made and the rate is growing. Moreover, I did not find any good analytical obscuration on Bitcoin 2.0 (a new fork).

Now the US has collected a commission on the analysis of the Crypto-currency. And no one knows what can affect the course.

If many businesses start using bitcoin, then the rate will become stable. But now this is not.

B!llyB0y

newbie

Activity: 17

Merit: 0

Like the experts said "Law of Supply and Demand" It measures the activity of the bitcoins on how many or how much it spent, sell or trade to other commodities. Also hoarding to much bitcoins can affect the inflation and deflation on its value. But i believe that bitcoins still raising up to it's peak.

Topic: Question of Bitcoin Price Change - page 2. (Read 1239 times)