What affects the price of btc most? - page 4.

Zicadis

legendary

Activity: 1372

Merit: 1027

Dump it!!!

Quote from: ahrispool on April 03, 2018, 02:08:10 AM

What do you think is the most crucial cause? Why did the price drop dramatically these days? Will this be a rebound point?

From my own finding I think negative speculation aka FUD is whats causing the price to drop drastically

but after this Easter holiday I have seen the price recover after this period but let us not get ahead of ourselves and expect a $10k rebound so fast because if that happens it will drop fast too, we need an organic price movement.

LanzCoinPress1994

jr. member

Activity: 112

Merit: 1

Hi
In my opinion most crucial cause that Regulations and media coverage. IF we consider past examples the announcement that bitcoin would be considered legal tender in Japan the Bitcoin up by 2% in just 24 hours and increased the price around 2 months. But China’s Decision to shut down several Bitcoin exchanges and ban ICO sent the price of Bitcoin down effectively. Many countries already legalized BTC that effect for future expansion of BTC. Banding cryptocurrency ads in Social media networks also somewhat affect to price. But people panic about fake news is also most effective on Bitcoin price. When considering these things I believe Regulations and media coverage are the most crucial case for BTC price.
Thanks

davhek

full member

Activity: 406

Merit: 100

Quote from: ahrispool on April 03, 2018, 02:08:10 AM

There are a lot of factors influencing the price of bitcoin, including technical issues/new alts coming out/regulations/stubborn miners/conflicts between developers(or groups)...etc.

What do you think is the most crucial cause? Why did the price drop dramatically these days? Will this be a rebound point?

Volatility is caused by huge supply and demand, fueled by emotions and fear of losing. Also since the futures entered the game market is highly manipulated. I am expecting another huge bull run once ETFs enter the game.

jonas5222000

member

Activity: 476

Merit: 10

Student Coin

The factors that can affect the price of bitcoin are investor they are the reasons why bitcoin price is quickly moving,and also multimedia or advertising it has a big factor that can affect the price of bitcoin.

aoihs00

sr. member

Activity: 700

Merit: 300

Quote from: ahrispool on April 03, 2018, 02:08:10 AM

There are a lot of factors influencing the price of bitcoin, including technical issues/new alts coming out/regulations/stubborn miners/conflicts between developers(or groups)...etc.

What do you think is the most crucial cause? Why did the price drop dramatically these days? Will this be a rebound point?

The answer is "We". We are the one responsible for the different aspects of bitcoin which also includes the changes in bitcoin prices. Many times it happens that we push bitcoin too hard and off limits and then the alternation in the prices happens. For example, consider the cases when bitcoin naturally dropping in its value then people get panic about it and they get so nervous that they cant even hold their breath for a minute and think about the whole situation and immediately start selling everything they have got. This makes the market situation even worst and thus bitcoin loses itself. In same manner prices increases too. I mean when they are done selling everything they have got then they will start thinking that Oh! Its good time to buy the coins and thus in the long they put more money and become responsible for the price rise.

semobo

full member

Activity: 1498

Merit: 146

Quote from: ahrispool on April 03, 2018, 02:08:10 AM

There are a lot of factors influencing the price of bitcoin, including technical issues/new alts coming out/regulations/stubborn miners/conflicts between developers(or groups)...etc.

What do you think is the most crucial cause? Why did the price drop dramatically these days? Will this be a rebound point?

Defenitely media cause more damages than any other factor with cryotocurrency prices because media is everywhere if there is little negative thing about bitcoin will go viral in short period of time and do enough damages before knowing the real reason behind it,mostly there are rumors more than the real news.

BCSHonda

member

Activity: 392

Merit: 10

What influences the price of bitcoin in the cryptocurrency market is the communication, the advertising on the web, the press sites talk about bitcoin as well as other co-altcoins. In addition, the supply and demand of investors in the cryptocurrency market also affect the price of bitcoin. Therefore, if you are a smart you can take the best opportunity.

britneyalston

brand new

Activity: 0

Merit: 0

Factors affecting the price of BTC are:

1) Political risk
2) Regulatory moves
3) Bitcoin’s governance

Theyasirahmad

newbie

Activity: 39

Merit: 0

involvement of new investors who thinks that btc will make them rich in a month or so and due to fluctuation of prices they started panicking

idex100

newbie

Activity: 224

Merit: 0

I think the most important factor affecting the price of bitcoin is media report.Whe there is a negative report or speculation by the media,prices usually drop even within 24 hours,people are much easily swayed by what the media says than with any technical analysis or new projects competing with btc.To a large extent,the last dips were caused by fb,twitter and google.Even if government issues a statement about btc,if there is no negative report by media,prices wont crash that much

northcoin2018

newbie

Activity: 89

Merit: 0

Quote from: ahrispool on April 03, 2018, 02:08:10 AM

There are a lot of factors influencing the price of bitcoin, including technical issues/new alts coming out/regulations/stubborn miners/conflicts between developers(or groups)...etc.

What do you think is the most crucial cause? Why did the price drop dramatically these days? Will this be a rebound point?

Controlled social media, banning of cryptocurriencies in the social media platforms has taken a big toll on the fall. It has make weak hearted investors to stray away fr their investments also the banning of several countries of bitcoin also has a big effect on the market. From the previous 2months the effects could really be felt. But good thing that even with all this bitcoin is recovering and manages to stay afloats🙏

MostafaGamal

sr. member

Activity: 1153

Merit: 252

The main factor of the price is the news. I think the bad news is the reason for reaching this price now, but the support and resistance levels also have some effect

chandrarahmadewa

member

Activity: 308

Merit: 49

Quote from: ahrispool on April 03, 2018, 02:08:10 AM

..
What do you think is the most crucial cause? Why did the price drop dramatically these days? Will this be a rebound point?

several factors that affect a bitcoin value, my opinion
1. supply and demand
2. Good and Bad News
3. Bitcoin Investment Fraud

Why did the price drop dramatically these days?
Possibly the scammers who sell their frauds in the market.

Will this be a rebound point?
I do not know, but I hope that in April bitcoin will go up.

Rhaizan

full member

Activity: 518

Merit: 100

Quote from: ahrispool on April 03, 2018, 02:08:10 AM

There are a lot of factors influencing the price of bitcoin, including technical issues/new alts coming out/regulations/stubborn miners/conflicts between developers(or groups)...etc.

What do you think is the most crucial cause? Why did the price drop dramatically these days? Will this be a rebound point?

The reason why the bitcoin price are changing it's a supply and demand, we knows that the value of bitcoin are very volatile and it is hard to know if it's continuing to increase because sometimes it will dropping her price. And yes the negative news will may affect the bitcoin price but it will recovery.

bitbunnny

legendary

Activity: 2912

Merit: 1068

WOLF.BET - Provably Fair Crypto Casino

Quote from: candolbitcoin214 on April 03, 2018, 04:22:11 AM

Quote from: ahrispool on April 03, 2018, 02:08:10 AM

There are a lot of factors influencing the price of bitcoin, including technical issues/new alts coming out/regulations/stubborn miners/conflicts between developers(or groups)...etc.

What do you think is the most crucial cause? Why did the price drop dramatically these days? Will this be a rebound point?

Definitely this is because of the black propaganda against bitcoins and any other cryptocurriencies. Investors who are weak got scared off and withdraw their investments also this could be cause with the banning of cryptocurrencies in some countries in the world. The bitcoin market has been shaken up quite well but the good news is it is fighting back and has shown improvements in price in the past days👍

I wouldn't agree with that. It's not the first time that such propaganda is in action and so far it could be concluded that Bitcoin has become resilient to such influences.
I beleive that the basic principle is still supply and demand and how much are users willing to pay at certain moment. All other factors are just side ones and don't influence the price as much as we think they do.

UAE Seasider

full member

Activity: 700

Merit: 110

Helios Protocol https://discord.gg/cpzAEMB

The choices made by the larger traders in pushing the market one direction or the other. I think the news stories that appear help to drive the herd along with these original choices. I wouldn't be convinced that we are on a new leg up unless it pushes on past $9,500

candolbitcoin214

newbie

Activity: 111

Merit: 0

Quote from: ahrispool on April 03, 2018, 02:08:10 AM

There are a lot of factors influencing the price of bitcoin, including technical issues/new alts coming out/regulations/stubborn miners/conflicts between developers(or groups)...etc.

What do you think is the most crucial cause? Why did the price drop dramatically these days? Will this be a rebound point?

Definitely this is because of the black propaganda against bitcoins and any other cryptocurriencies. Investors who are weak got scared off and withdraw their investments also this could be cause with the banning of cryptocurrencies in some countries in the world. The bitcoin market has been shaken up quite well but the good news is it is fighting back and has shown improvements in price in the past days👍

Linhkej

member

Activity: 350

Merit: 10

Quote from: ahrispool on April 03, 2018, 02:08:10 AM

There are a lot of factors influencing the price of bitcoin, including technical issues/new alts coming out/regulations/stubborn miners/conflicts between developers(or groups)...etc.

What do you think is the most crucial cause? Why did the price drop dramatically these days? Will this be a rebound point?

Factors that affect the bitcoin are the investors.
I think some investors did not trust the crypto and decided to withdraw their capital. That has made the crypto market in crisis. Bitcoin has gone down at the lowest price of $ 6k5. In addition, I think the stock market has a lot of impact on bitcoins. Top technology companies like Amazon, Alibaba have lost more than $ 100 billion.

IamSaitama

jr. member

Activity: 67

Merit: 5

Supply and demand is the answer. Banning cryptocurrencies in some countries, allowing it in some, the number of investors on bitcoin, and the number of individuals who use bitcoin are the one who affects the number of demands on bitcoin. So basically we control the price of bitcoin. We have a power as a whole.

TorbiK

full member

Activity: 448

Merit: 100

Diagon

The global bearish trend started with the launch of Bitcoin futures contracts. Institutional investors got the opportunity to play short. For them, Bitcoin is a fizzy so they crushed it. They are interested to buy it now for 1000-2000 $

Topic: What affects the price of btc most? - page 4. (Read 594 times)