Bitcon price or value is defined by demand and supply in the market. Many factors can affect the demand for Bitcoin:
https://theconversation.com/four-factors-driving-the-price-of-bitcoin-87244
Topic: what affects the price? - page 6. (Read 1751 times)
Bitcoin price is similar to the principle of gold price. In case of gold the price depends on the mining cost, same goes for bitcoin when it need to solve more complicated equations. Also the demand and supply another cause of price shifting. Some factors regarding govt. issues and media's bad perspective about bitcoin are also responsible for increasing the price.
The price is affected by supply and demand in the market. Doing news with the FUD can be manipulated and managed by the price. Everything happens exactly in this scenario.
They have many different types that make the bitcoin price dump and pump. Because of the fake news the newbie will make panic selling of the holdings so the price will go down. Because of the big investors the price will pump.
Bitcoin prices have many cases to affect. firstly, It is said at one time that Bitcoin will be banned in America. Due to the fact people gave up Bitcoin. secondly ,Investors from other countries lifted their investment from Bitcoin. Moreover, the price of Bitcoin has been affected due to the arrival of other coins in the crypto market.
In any market what affects the price is SUPPLY &DEMAND , considering the circulation is low and DEMAND is high for brtcoin that is the most affecting factor, news from different government actions and rumours also can affect the price up and down time to time.
Yes, the crypto market is very young and has not been properly managed and controlled in terms of information as well as legitimacy. It is easily compromised by any FUDs from communication, government, turmoil and paranoia by investor and user psychology. The most basic is still dependent on the mining process versus the user needs.
There are many reasons affect the price of bitcoin. The price of bitcoin depends on the needs of the user. Not only that, the media also greatly influenced the price of bitcoin. I remember when the media reported that the US will prohibit bitcoin, many people confused and they sold bitcoin. Then the price of bitcoin has dropped sharply.
Furthermore, I hope in the near future it will rise again and I do believe that it will gradually go up.I believe that demand plays a major role in any industry based on my classes in Economics. We all know that the price of bitcoin is volatile and it always changes and it is normal to happen so that there is nothing to worry if the price of bitcoin fall down.
The thing that affects the price of the bitcoins is simple economics its about demand and supply bitcoins price inflate so much last December because of the demand the more demands the higher to price gets but after that people,investors and bitcoin holders panic sell their coins afraid that it will decrease in value and which also resulted in the price decrease of the coins the small market of the coins also come to play here which means that small amount of money can affect the price so much causing it to fluctuate.
There's many reasons for the price rising and falling. The liquidity is still so low though that a single person/company can still easily crash or pump the market if they want to.
The different news in the society will always affect the price of BTC, because the good or bad news will cause the price of BTC to fluctuate continuously.
for the Q1 of bitcoin i dont know why the price of bticoin is down, but some people said that its because the price of bitcoin is too high and that is the time of correction, which mean that the price of bitcoin will go down. but usually the price of bitcoin is affected by the news in the public
if for now as far as I know the bitcoin is going up bit by bit and that's also a lot of bitcoiners who are excited about all this. so we should be grateful for what we hear, this news is very difficult. hopefully also the price will add up again.
It depends on the investors who sell it because it is one example that gives a big effect on bitcoin prices. But I'm sure by the end of the year like last year bitcoin will increase again as more and more new investors are starting to invest in bitcoin. I hope to new investors in bitcoin not to drop the bitcoin price.
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
Although we know that bitcoin prices is determine by the supply and demand, after some research i done i also believe that the how the global market perform and the governments regulations do play a big part in determine the prices of bitcoin too.
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Mostly the news and people emotions.
FOMO and FUD affects the price greatly
But don't forget the Whales controlling and manipulating the market. They create Pump and Dump, especially in small Alts market.
FOMO and FUD affects the price greatly
But don't forget the Whales controlling and manipulating the market. They create Pump and Dump, especially in small Alts market.
The above user have said it all.
But if you were following the market you will notice it's recovering beside what do you expect after a major pump from 3k last year to 20k? A big correction that's the answer. So definitely it was just a correction and also the ban news played a key role in dipping of price.
The state of overbought and a serious decrease in the price of an asset are quite normal consequences of rapid growth and normal elements of general growth. If we look at the bitcoin rate in 2017, we see that with a positive price trend over the past year, the price growth was based on the principle of "two steps forward, one step back."
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
there are many things that contributes to the increase and decrease of cryptocurrency price in the market, one of which is the number of users/investors on the crypto, When more people invest in crypto, because of its limited supply,its value will increase. But in the past months many of the investors sold their coins. Because some people created fear by publishing fake news that lead the investors to sell their investments.
Several reason is attached to the price in December festive period and Holiday season lots of individual tends to take profit,sells was higher than the people buying this automaticall crash the price. This is the usuall trend every year, price tends to crash in Decmber,january and pick up Mid of the year. News against BTC is also has major negative impact on the price.
Many small and medium-sized investors, even by themselves, are able to force the price of crypto currencies to creep up by increasing demand for it. In the case, when manipulators stimulate the acceleration of price growth, this stirs up a massive stir around the acquisition of this crypto currency, and as a result, growth becomes even more rapid. Price jumps due to the arrival of large investors on the market also stimulate the growth of interest in the crypto currency and the growth of its price.
The factor that affects price mostly is, Market manipulations from the financial institutions,the news,the FUDs, and most importantly, technicals these are the things that you should be watching out as they are going to be a good trigger for your trades, this is the butterfly effect that is why we need to be sure to our all decisions before making a conclusion.
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