Topic: What are the major factors that affect the bitcoin price? - page 2. (Read 660 times)
These days the negative things and the regulations around the globe making a big impact upon the price of bitcoin. At every price drop there is a negative news, which easily make the user community into a dilemma whether to proceed further while whales manipulate it as an opportunity to shatter the price.
Another very important point that affects the Bitcoin price is the Bitcoin users and developers. Trust factor plays a crucial role in cryptocurrency environment. In spite of several other Altcoins being developed with more superior features than Bitcoin, it is still the most valued currency because of the trust the community places on the currency. The latest advancements and innovative efforts in technology also have the power to influence the price of Bitcoin.
Every exchange transaction that involves the selling of bitcoin, i.e. exchanging for fiat or another cryptocurrency causes a downtick in the price of Bitcoin. Let us consider the last example listed above, namely usage of the Bitcoin network as a means of money transmission.
Right now mt. gox has to move 1.4 Billion USD of BTC out on the liquidation, IMHO by the end of the year...( I can't see the trustee not getting paid
for the liquidation, because he did not get this wrapped up soonest!) That is about 250 million sold BTC a month or some such...giving him time
to wrap it all up by Jan 1st, 2019...
I just can't see them NOT wrapping this up and waiting longer than that for their 3rd year is it.....they got to move the coin..again, IMHO
So, add this with the regular FUD and we are likely to be lucky to even see the price between 7800 and 8500 now
ugly, ugly
for the liquidation, because he did not get this wrapped up soonest!) That is about 250 million sold BTC a month or some such...giving him time
to wrap it all up by Jan 1st, 2019...
I just can't see them NOT wrapping this up and waiting longer than that for their 3rd year is it.....they got to move the coin..again, IMHO
So, add this with the regular FUD and we are likely to be lucky to even see the price between 7800 and 8500 now
ugly, ugly
You assume that they will be sold through the regular channels, but that doesn't have to be the case. BitFlyer is a large exchange having plenty of large clients all willing to make a deal off the regular market, often referred to as OTC trades. The MtGox trustee's job is done and over with enough cash in the bank, so what is there left for him to do with the coins? It's up to the authorities to take things to the next level now.
Currently there are ~138,000BTC left which at current levels of around $8300 means $ 1,145 billion in asset value (without BCH). No one is forced to move anything, so if the authorities don't see any point or benefit in doing anything with them, they will stay right there for plenty of more years. Imagine them using these funds to settle an international deal in Bitcoin with another government. Japan has definitely the lead in everything related to Bitcoin, so it definitely wouldn't surprise me.
At the end of the day, it strengthens their financial position to just keep holding them, especially with the potential growth in mind. And if the coins will ever get sold it means we have no longer anything to worry about since they only have a limited number of coins. Eventually they will run out. It's not a fiat press that keeps creating value out of nothing.
well i believe that rumours are the one of the main things that affect bitcoin price. rumours are coming from some twitter accounts and telegram channels or with some fake news in sites.
The government's attitude determines the direction of bitcoin prices.
Although blockchain technology is the direction of development, if the government denies bitcoin, its price will fall sharply.
Although blockchain technology is the direction of development, if the government denies bitcoin, its price will fall sharply.
Bitcoin is the first most popular digital crypto-currency whose price is influenced by a wide range of factors. Ideally, the bitcoin price is normally expressed as the exchange rate of the bitcoin in relation to other currencies. With an upsurge in the adoption and usage of this digital currency, the demand for bitcoins has significantly increased in the recent past.
Factors that affect the price of Bitcoin include:
1) Supply & Demand - At a basic level, the price movements of any cryptocurrency will be driven by its availability. The scarcer a digital coin is, the higher its price levels. In contrast, a virtual currency with an abundant supply will likely experience lower price levels.
2)Mining Difficulty - In the case of proof-of-work blockchains such as Bitcoin, the mining difficulty of a coin can also have a direct relationship with its price. A higher mining difficulty means that it is harder to mine an additional unit of a coin. This can have an impact on a coin’s perceived value, and subsequently its price, as increasing a coin’s supply will require more computing power to be used in the mining process.
3)Utility - A key factor that will affect a cryptocurrency’s price movement is its perceived utility. A virtual currency that possess no practical use will likely be viewed as having no value, which may be reflected with lower market price levels. For example, Ether’s price movements can be attributed to its perceived practical utility, that being a user’s ability to build and launch their own decentralized applications on the Ethereum platform
4)Market News - Market News can also affect a coin’s price movements. Positive or negative news reporting can be a heavy influencer of general market sentiment regarding a particular coin. Media reporting about a network hack for example is likely to drive prices down, whereas, coverage about a coin’s increasing adoption can result in positive market sentiment that drives a coin’s market price upward.
Hope this helps a little! Happy bitcoin-ing!!!
the main factors of bitcoin even in other cryptocurrency is Government. i know that well cause government can interrupt the doings in bitcoin. government can stop bitcoin doings everywhere. in every country. i wish that bitcoin will not be ban on our country philippines cause i know we will have a good economy Factors that affect the price of Bitcoin include:
1) Supply & Demand - At a basic level, the price movements of any cryptocurrency will be driven by its availability. The scarcer a digital coin is, the higher its price levels. In contrast, a virtual currency with an abundant supply will likely experience lower price levels.
2)Mining Difficulty - In the case of proof-of-work blockchains such as Bitcoin, the mining difficulty of a coin can also have a direct relationship with its price. A higher mining difficulty means that it is harder to mine an additional unit of a coin. This can have an impact on a coin’s perceived value, and subsequently its price, as increasing a coin’s supply will require more computing power to be used in the mining process.
3)Utility - A key factor that will affect a cryptocurrency’s price movement is its perceived utility. A virtual currency that possess no practical use will likely be viewed as having no value, which may be reflected with lower market price levels. For example, Ether’s price movements can be attributed to its perceived practical utility, that being a user’s ability to build and launch their own decentralized applications on the Ethereum platform
4)Market News - Market News can also affect a coin’s price movements. Positive or negative news reporting can be a heavy influencer of general market sentiment regarding a particular coin. Media reporting about a network hack for example is likely to drive prices down, whereas, coverage about a coin’s increasing adoption can result in positive market sentiment that drives a coin’s market price upward.
Hope this helps a little! Happy bitcoin-ing!!!
[...]
Factors that affect the price of Bitcoin include:
1) Supply & Demand - At a basic level, the price movements of any cryptocurrency will be driven by its availability. The scarcer a digital coin is, the higher its price levels. In contrast, a virtual currency with an abundant supply will likely experience lower price levels.
[...]
Factors that affect the price of Bitcoin include:
1) Supply & Demand - At a basic level, the price movements of any cryptocurrency will be driven by its availability. The scarcer a digital coin is, the higher its price levels. In contrast, a virtual currency with an abundant supply will likely experience lower price levels.
[...]
You omitted looking at the Demand side of things, which by itself can be broken up in 2 factors
i) Community -- The larger the community behind a cryptocurrency, the more people involved, the higher the demand. Bitcoin's community has vastly grown over the years.
ii) Availability -- The ease of buying a cryptocurrency. While exchanges are currently overwhelmed with verifying new customers, it has never been so easy to buy cryptocurrencies.
On a higher level I would also add Trustworthiness: The more people trust in a cryptocurrency, the less prone they are to panic selling, making for a stabler market.
I was also thinking along the lines of demands too but in general, by breaking into two categories like you did it makes me see it from another perspective.
Literally the four things that affect the bitcoin price is true, but in modern times where we can easily access the news, so I think the main thing that affects bitcoin prices is news, many fuds that make users frantically especially new users, this happened a few months ago, not just in bitcoin alone but other cryptocurrency
I think the number 4 most influential on bitcoin prices, because bad news can make investors panic sell and there will be a lot of bitcoin sales so that bitcoin prices will go down.
Right now mt. gox has to move 1.4 Billion USD of BTC out on the liquidation, IMHO by the end of the year...( I can't see the trustee not getting paid
for the liquidation, because he did not get this wrapped up soonest!) That is about 250 million sold BTC a month or some such...giving him time
to wrap it all up by Jan 1st, 2019...
I just can't see them NOT wrapping this up and waiting longer than that for their 3rd year is it.....they got to move the coin..again, IMHO
So, add this with the regular FUD and we are likely to be lucky to even see the price between 7800 and 8500 now
ugly, ugly
At the beginning of the factors that influence on bitcoin, I think the approach of the states and the state of the stock exchange. Positive views of the states or, on the contrary, insecure situations that live in the stock markets can make the bi-directional bitcoin effective very quickly. Besides, I think that panic sales also have an impact.
the latest news I know yesterday mtgox has sold a lot of bitcoin so yesterday bitcoin prices dropped below $ 8k.
BTC supply too much, perhaps investors fear the BTC will collapse. As such, they will lose money, so they decided to sell them out of the market, thus reducing the BTC price over time. If everyone holds the BTC price will go up to the moon in the future. 
One of the main factors affecting the price of bitcoin and generally, the rest of cryptocurrencies would be the supply availability for bitcoin.
Bitcoins are transacted on an ongoing basis and around the clock. At the time of writing an average of 62,000 Bitcoin transactions are conducted daily with an average volume of $50mil per day.
full member
Activity: 252
Merit: 104
Decentralized Ecosystem for User-Generated Content
Out of all those factors, sadly I believe #4 to have the most effect on the market. Although #1 is the force that drives the market, #4 has more sway than it should and for that reason I believe it has the biggest effect. You see people reacting to fake news even, because people can't be bothered to corroborate a story. Instead they act on a whim, and that is why the market acts irrationally from time to time.
Definitely demand and supply had been considered as a major factor in deciding the bitcoin price.But nowadays,the market FUD has been playing a major role in deciding the fate of bitcoin.Its this fud which big whales had been using from the beginning to promote panic selling.
News is really a big thing n cryptoworld but we must not forget about the whales that is trying to control the market and trying to set a price for every good coin. The price will depend on the supply and demand buy it is being movr by the reaction of every investors.
Bitcoin is the first most popular digital crypto-currency whose price is influenced by a wide range of factors. Ideally, the bitcoin price is normally expressed as the exchange rate of the bitcoin in relation to other currencies. With an upsurge in the adoption and usage of this digital currency, the demand for bitcoins has significantly increased in the recent past.
Factors that affect the price of Bitcoin include:
1) Supply & Demand - At a basic level, the price movements of any cryptocurrency will be driven by its availability. The scarcer a digital coin is, the higher its price levels. In contrast, a virtual currency with an abundant supply will likely experience lower price levels.
2)Mining Difficulty - In the case of proof-of-work blockchains such as Bitcoin, the mining difficulty of a coin can also have a direct relationship with its price. A higher mining difficulty means that it is harder to mine an additional unit of a coin. This can have an impact on a coin’s perceived value, and subsequently its price, as increasing a coin’s supply will require more computing power to be used in the mining process.
3)Utility - A key factor that will affect a cryptocurrency’s price movement is its perceived utility. A virtual currency that possess no practical use will likely be viewed as having no value, which may be reflected with lower market price levels. For example, Ether’s price movements can be attributed to its perceived practical utility, that being a user’s ability to build and launch their own decentralized applications on the Ethereum platform
4)Market News - Market News can also affect a coin’s price movements. Positive or negative news reporting can be a heavy influencer of general market sentiment regarding a particular coin. Media reporting about a network hack for example is likely to drive prices down, whereas, coverage about a coin’s increasing adoption can result in positive market sentiment that drives a coin’s market price upward.
Hope this helps a little! Happy bitcoin-ing!!!
The most important factor that influence the price of Bitcoin is DEMAND of Bitcoin for sure. If the demand is more and the supply is less than Bitcoin will surely become more valuable. Factors that affect the price of Bitcoin include:
1) Supply & Demand - At a basic level, the price movements of any cryptocurrency will be driven by its availability. The scarcer a digital coin is, the higher its price levels. In contrast, a virtual currency with an abundant supply will likely experience lower price levels.
2)Mining Difficulty - In the case of proof-of-work blockchains such as Bitcoin, the mining difficulty of a coin can also have a direct relationship with its price. A higher mining difficulty means that it is harder to mine an additional unit of a coin. This can have an impact on a coin’s perceived value, and subsequently its price, as increasing a coin’s supply will require more computing power to be used in the mining process.
3)Utility - A key factor that will affect a cryptocurrency’s price movement is its perceived utility. A virtual currency that possess no practical use will likely be viewed as having no value, which may be reflected with lower market price levels. For example, Ether’s price movements can be attributed to its perceived practical utility, that being a user’s ability to build and launch their own decentralized applications on the Ethereum platform
4)Market News - Market News can also affect a coin’s price movements. Positive or negative news reporting can be a heavy influencer of general market sentiment regarding a particular coin. Media reporting about a network hack for example is likely to drive prices down, whereas, coverage about a coin’s increasing adoption can result in positive market sentiment that drives a coin’s market price upward.
Hope this helps a little! Happy bitcoin-ing!!!
Other factors which also affect the price of Bitcoin is Bitcoin's status around the globe. Any favourable news can take the price of Bitcoin to new heights for sure.
The major factor that will affects the bitcoin price was the people buy and seeling bitcoin. Once there were many people willing to buy bitcoin while a limited stocks of bitcoin it will leads to increase in price and on vise versa. We call that law on supply and demand.
And that would make bitcoin rise in future, for me it will be going very fast up when the amount of it will be going to be mined, that could make bitcoin even more than 100k$ in my opinion or around this price. 
Bitcoin is the first most popular digital crypto-currency whose price is influenced by a wide range of factors. Ideally, the bitcoin price is normally expressed as the exchange rate of the bitcoin in relation to other currencies. With an upsurge in the adoption and usage of this digital currency, the demand for bitcoins has significantly increased in the recent past.
Factors that affect the price of Bitcoin include:
1) Supply & Demand - At a basic level, the price movements of any cryptocurrency will be driven by its availability. The scarcer a digital coin is, the higher its price levels. In contrast, a virtual currency with an abundant supply will likely experience lower price levels.
2)Mining Difficulty - In the case of proof-of-work blockchains such as Bitcoin, the mining difficulty of a coin can also have a direct relationship with its price. A higher mining difficulty means that it is harder to mine an additional unit of a coin. This can have an impact on a coin’s perceived value, and subsequently its price, as increasing a coin’s supply will require more computing power to be used in the mining process.
3)Utility - A key factor that will affect a cryptocurrency’s price movement is its perceived utility. A virtual currency that possess no practical use will likely be viewed as having no value, which may be reflected with lower market price levels. For example, Ether’s price movements can be attributed to its perceived practical utility, that being a user’s ability to build and launch their own decentralized applications on the Ethereum platform
4)Market News - Market News can also affect a coin’s price movements. Positive or negative news reporting can be a heavy influencer of general market sentiment regarding a particular coin. Media reporting about a network hack for example is likely to drive prices down, whereas, coverage about a coin’s increasing adoption can result in positive market sentiment that drives a coin’s market price upward.
Hope this helps a little! Happy bitcoin-ing!!!
Factors that affect the price of Bitcoin include:
1) Supply & Demand - At a basic level, the price movements of any cryptocurrency will be driven by its availability. The scarcer a digital coin is, the higher its price levels. In contrast, a virtual currency with an abundant supply will likely experience lower price levels.
2)Mining Difficulty - In the case of proof-of-work blockchains such as Bitcoin, the mining difficulty of a coin can also have a direct relationship with its price. A higher mining difficulty means that it is harder to mine an additional unit of a coin. This can have an impact on a coin’s perceived value, and subsequently its price, as increasing a coin’s supply will require more computing power to be used in the mining process.
3)Utility - A key factor that will affect a cryptocurrency’s price movement is its perceived utility. A virtual currency that possess no practical use will likely be viewed as having no value, which may be reflected with lower market price levels. For example, Ether’s price movements can be attributed to its perceived practical utility, that being a user’s ability to build and launch their own decentralized applications on the Ethereum platform
4)Market News - Market News can also affect a coin’s price movements. Positive or negative news reporting can be a heavy influencer of general market sentiment regarding a particular coin. Media reporting about a network hack for example is likely to drive prices down, whereas, coverage about a coin’s increasing adoption can result in positive market sentiment that drives a coin’s market price upward.
Hope this helps a little! Happy bitcoin-ing!!!
I believe that FUD is one of the reason for the drastic changes of cryptocurrency and because of that, the price in the market might decrease or increase depending on how many people is being affected daily.
Jump to: