Topic: what affects the price? - page 11. (Read 1752 times)
I believe that the price is most affected by human greed,because of the whales who can manipulate the rice of Bitcoin which making the price either high or low.People can effect Bitcoin price too. For example; when the number of Google searches start to decline, Bitcoin price is effected in a bad way too.
For me the roller coaster movement of the price is natural due to Bitcoin's volatility by nature. To answer your question the main reason of the market activity mainly depends on the law of supply and demand. So if the demand is high, the supply is low the price will go up and if there are more demand than supply the price will go down. this demand and supply is based on the interest and reaction of the people to Bitcoin, are they buying, selling or holding.
A big factor in the price of bitcoin is the value of energy, it correlates with the price of the barrel of oil, and basically the law of supply and demand.
I can also understand what affects the price of bitcoin. But the conclusions that I take The problem of economic or internal problems in some big countries or in the world seems to affect the price of bitcoin. But the most obvious is that when people panic and then sell bitcoin together, it will definitely make bitcoin prices down.
The mood of the market is the key to price impact. There are some big whale or organizations that have the ability to create FUD with the media, which has been confirmed many times in the encrypted market.
bitcoin slowly went down this year, from almost 20k USD last December and went down at a significant price
what might be the reason why bitcoin's price is going down?
what are the major things that can greatly influence bitcoin?
answers would be fully appreciated
the decline in bitcoin could be due to bad news about bitcoin and investor interest decreases purchasing and the demand for bitcoin weakening may be the reason but I can not know for sure what might be the reason why bitcoin's price is going down?
what are the major things that can greatly influence bitcoin?
answers would be fully appreciated
There are Several factors affecting the price, one of them is media releases giving negative news about bitcoin. Demand and supply also affect the price. There are only limited supply of bitcoin, i believe not more than 20 million is available. Once the supply increased and the demand is limited, the price will automatically go up.
I agreed. Negative news about bitcoin can give bad impression to the people who wants to consider bitcoin as an investment.
bitcoin slowly went down this year, from almost 20k USD last December and went down at a significant price
what might be the reason why bitcoin's price is going down?
what are the major things that can greatly influence bitcoin?
answers would be fully appreciated
what might be the reason why bitcoin's price is going down?
what are the major things that can greatly influence bitcoin?
answers would be fully appreciated
1. the bitcoin price drops because it is an extraordinary problem that can affect bitcoin
prices eg one country forbids bitcoin, surely the people in that country will sell bitcoin
will be very cheap for fear of the existence of its not recognized bitcoinnya country.
2. the legality of bitcoin, in one country can affect it on bitcoin prices. the bitcoin
holders that hold it, the depletion of the existing bitcoin deposits can also affect
the bitcoin price itself
Gold prices are based on this principle as well. Just like mining costs are primary influencing factors for gold, the Bitcoin price is determined by the need for solving certain equations, which are also termed as mining. This forms the supply part.
The other part is the demand for Bitcoins, which is based on the awareness about Bitcoin, its popularity, trust among crypto community members, and even more. If the demand is high and the supply does not meet the demand, this causes a spike in the Bitcoin rate. With Bitcoins being a finite amount that will never cross 21 million, the supply is very controlled. Thus it is expected that the price will keep on increasing.
The other part is the demand for Bitcoins, which is based on the awareness about Bitcoin, its popularity, trust among crypto community members, and even more. If the demand is high and the supply does not meet the demand, this causes a spike in the Bitcoin rate. With Bitcoins being a finite amount that will never cross 21 million, the supply is very controlled. Thus it is expected that the price will keep on increasing.
Although Bitcoin is a decentralised currency, some decisions about how it will work or evolve need to be made from time to time. These also have an impact on the price.
The software used to verify Bitcoin transactions is created by developers and is run by miners (the global network people who verify Bitcoin transactions).
To change the software used to mine and authenticate transactions developers need more than 50% of the global network of miners to agree with that change. When they get that support they can create a “fork”.
The software used to verify Bitcoin transactions is created by developers and is run by miners (the global network people who verify Bitcoin transactions).
To change the software used to mine and authenticate transactions developers need more than 50% of the global network of miners to agree with that change. When they get that support they can create a “fork”.
These three are the 3 factors that each and everyone must know that affects the price of Bitcoin.
Bitcoin Payment Network – Bitcoin as a currency
Bitcoin Storage and Transfer – Bitcoin as a store of wealth and medium of value transmission
Bitcoin Exchange Rate – Bitcoin as a market instrument and commodity
Bitcoin Payment Network – Bitcoin as a currency
Bitcoin Storage and Transfer – Bitcoin as a store of wealth and medium of value transmission
Bitcoin Exchange Rate – Bitcoin as a market instrument and commodity
bitcoin slowly went down this year, from almost 20k USD last December and went down at a significant price
what might be the reason why bitcoin's price is going down?
what are the major things that can greatly influence bitcoin?
answers would be fully appreciated
what might be the reason why bitcoin's price is going down?
what are the major things that can greatly influence bitcoin?
answers would be fully appreciated
This is nothing but the natural behavior of all the market and this is how they used to behave, and this is how the professional used to sell their stakes to the amateur traders. The price is going down because of huge selling off from the Big exchange Mt.Gox and demand & supply are the major things which really influence the bitcoin price to a great extent. If you are thinking to buy the bitcoin in the bad market situations like right now going on then you just need to eliminate the emotions and then plan your trades to face the win to win situation.
Honestly,why bitcoin price are generally affect?it maybe because it well depend upon to supply in demand to control and defined to those whale,and because of decentralized the nature of this currency will affect to bitcoin price, of course will not normally controlled by any company, organization or and government,aside from bitcoin price will also affect if those proposals has been approve to create from third party under supervision of mechanism to bitcoin exchanges.
Bitcoin is a decentralized currency so the price is only directly affected with the demand and supply and nothing else and indirectly affected with other factors like laws because they have an effect on the demand.
If you take time and do your research very well, you will realize that there is no year bitcoin does not experience a deep crash. If you have bitcoin do not sell now because it will definitely appreciate. Most times it is just a malicious act by the whales and government.
Bitcoin prices have a lot to do on investment currencies. It has a bearing on the relationship between traders benefiting traders. There are many people who are working on the Bitcoin Forum who are earning money. Bitcoin prices are affecting in all areas.
perhaps with the issue of bitcoin issues, so its bitcoin prices are declining, people in Indonesia have not formalized the bitcoin forums.
which affects the price of cryiptocurrency among the bitcoin buyers. especially people who have large capital they can raise the price of coin in quick time.
Like in any economy, supply and demand! Supply in crypto is the number of coins currently out in the market and its corresponding volume while demand is the number of players who are willing to utilize coins and invest in crypto. The influx of various alt coins made the supply volume big while demand is low because of the fewer number of people willing to invest. Also outside factors should be considered. One is the gold price becoming cheaper than crypto making investors buy gold instead of coins since gold is non-volatile as compared with cryptocurrency.
When the price of btc turn so high up to its highest peak, people really went to panic selling which really really affect the value of btc at all, because once someone is selling their coins even in small amount of btc, it affect because that is how btc working it's in every cents no matter how high or low it.
Anyway, I hope someday people will be enlighten to invest again for long term in bitcoin.
Anyway, I hope someday people will be enlighten to invest again for long term in bitcoin.
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