what are the factors that affecting the bitcoin price

KorakPawon

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Quote from: coin8coin8 on November 16, 2018, 12:31:30 AM

Please tell me which kind of things in the market do not have daily fluctuations?
As long as the market exists, the price of any thing will fluctuate based on supply and demand.
Bitcoin is based on people's predictions of its future, and it will generate different demands every moment, so its price must be constantly changing.

I totally agree with your idea. Sometimes I feel sick of people who severally ask about how to stable the price, or why the price unstable, and sort of. Bitcoin is unpredictable both the price and when the price change. UP and Down is always there in bitcoin, it has no rules yet pattern about when the up-down take their turn, it fluctuate as it is. And of course supply and demand is what influenced it. That's why we have to be smart, both thinking and reacting. we also need to keep patient in facing any kind of situation happen.

John_Sena007

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i'm grateful to your answers

EllieBasti05

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It is the law of supply and demand, if all investors are more into selling the bitcoin value will drop, if all of them buy of course the value will go high.

That is why bitcoin is volatile and it is normal, no one can predict weather the value become high or become low.

muslol67

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Quote from: John_Sena007 on November 15, 2018, 11:16:13 PM

Day to day the bitcoin price fluctuates why?
please share your knowledge

Bitcoin has sread out of world. It is tradeable almost all countries. Market conditions affects firstly the price of BTC. And Bitcoin price get affect from manipulation. News and expectation has affected all the time. For example, ETF expectation...

Abal Abal

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there are several factors that can cause the price of bitcoin to be unstable, including news, then start playing with big fund holders. and for the current price decline, I think it's caused by bitcoin scam ATMs that occur in Australia...

nahotachikwem

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Many factors affect the bitcoin price; Nature of the market and demand, bitcoin's value is very volatile.

goldreset

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Quote from: entebah on November 16, 2018, 02:33:25 AM

So in my opinion the factors that influence the price of bitcoin are because there is no entity that controls the price of Bitcoin.
Bitcoin prices are determined by all people who have a Bitcoin (regardless of the amount). If you have Bitcoin at this time, you are one of the people who determines the price of Bitcoin. If you suddenly sell all of your Bitcoin, then the price will drop (because the supply / supply is now increasing).

I think this is one of the better arguments and logic. When people dump out of fear due to some sort of rumours and news, prices naturally will dip. the economics of bitcoin is not much different from general economics.

burky156

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It is very easy to understand. If there is more "sell" than "buy" the price would go down, at the opposite if "buying" more than "selling" the price would go high.. This is same in every market like New York Stock Exchange or Deutsche Börse.. I think this is the easiest way to tell

Of course there are many others factors but the main thing is that a just told you..

palle11

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Quote from: coin8coin8 on November 16, 2018, 12:31:30 AM

As long as the market exists, the price of any thing will fluctuate based on supply and demand.

This is exactly what it is, even paper money that is supported by the government with proper regulation do fluctuate too.

Quote from: coin8coin8 on November 16, 2018, 12:31:30 AM

Bitcoin is based on people's predictions of its future, and it will generate different demands every moment, so its price must be constantly changing.

Plus that it is not regulated or monitored. I think if people are not guided to what they should do by regulations, they buy or sell in the manner they choose to.

BuyBuyBitcoin

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Quote from: dmty.0809 on November 16, 2018, 03:05:17 AM

What I know, because of the hard disk bch, so many investors sell bitcoin to buy bch, so that the volume of bitcoin decreases and impacts the value decreases.

It's called a fork

People sell their bcash and got more bitcoin after they forked, while they fought and created another fork. It devalues their two blockchains more than the 1 forked blockchain already did. Normal people aren't selling bitcoin for bcash, one of the forked bcash owners sold a bunch of bitcoin, probably to fund his fork project.

QuestionAuthority

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Fear, uncertainty, doubt, whales, pumpers, dumpers, fake exchange pricing, fake news, real news, mining, forks, terrorists, drug dealers, government action, Christmas, criminals, scammers and those little balls of toilet paper you find stuck in the hair on your girlfriends taint.

dmty.0809

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What I know, because of the hard disk bch, so many investors sell bitcoin to buy bch, so that the volume of bitcoin decreases and impacts the value decreases.

jaja colleen

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That is normal mate everyday Bitcoin price changes because it's price depends on the buyer's and sellers,and one of the factors that affecting Bitcoin price is those people who is spreading false news that makes the token holders panic selling there tokens and this is the reason why Bitcoin supply in the market increases and it's price will fall.

entebah

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So in my opinion the factors that influence the price of bitcoin are because there is no entity that controls the price of Bitcoin.
Bitcoin prices are determined by all people who have a Bitcoin (regardless of the amount). If you have Bitcoin at this time, you are one of the people who determines the price of Bitcoin. If you suddenly sell all of your Bitcoin, then the price will drop (because the supply / supply is now increasing).

PsylockReborn

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Quote from: John_Sena007 on November 15, 2018, 11:16:13 PM

Day to day the bitcoin price fluctuates why?
please share your knowledge

First, bitcoin's value is very volatile. It can go up or down even in few hours. The factors affecting the price of bitcoin is supply and demand of the crypto. If there's a lot of people buying and using bitcoin then its price will definitely go up. With the current dips, its maybe because of the new fork that's happening to BCH. Some bitcoin investments were transferred to BCH hoping that they can get something out of the fork which is likely to happen.

Don't panic because the value of bitcoin will correct itself few weeks from now.

peacefulpeace

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the activities of whales affects the price of bitcoin most times, fews days back we experience a slash drop in the prices of bitcoin and other altcoins, this was as a result of some whales dumping the coin, i think this is good for the coin, we need more whales to let go of the coins, so they dont control the market at will.

batang_bitcoin

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It is natural to fluctuate. Bitcoin doesn't have stable price and it keeps on moving depending on the news, demand and other factors that affects its price.

There's no body of government that dictates its price so as a decentralized cryptocurrency, store of value and investment, it is bound to fluctuate.

beatzcoin123

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the major factor that affect the price of btc is panic, just like what we saw of late where some investors pulled out their resources from the coin. we saw a price drop, to have a stable btc price, bitcoin must leave the hands of the whales and be evenly distributed, in that way, a selected few cannot have full monopolistic control of the market.

Bitcoinnation

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Quote from: Asawakobana2017 on November 16, 2018, 01:35:31 AM

I think the factors that affect bitcoin is the volume of the investors and also with a positive and negative news. I believe that possitive news is really the most amazing factors that can make the price rise up high, because the trust is really important on bitcoin and some good or maybe bad news will reflect on the different kinds of investors and this was maybe the factors that affect the price.

Gone are the days when news would lead sharp spikes in prices. Big players are now in the game and are now profiting out of gulible traders. For example in the recent deep, Can you point out to me the bad news that led to the sudden deep in price? 😒

Marcel666

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There are many factors that affects the price of butcoin, but it all comes down to how much people are willing to sell theirs and how much others are willing to buy it from them. And this depends in the current situation.
In a thriving market, sellers would automatically set high prices while they would go lower in a propitious one.

And of course it is a decentralized protocol, as such there is no central regulatory body as we have with Fiat.

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