Topic: What are the major factors that affect the bitcoin price? - page 4. (Read 616 times)
What factor merely affect the price of bitcoin is the demand. If a lot of people are doing exchange and cash out then it would make bitcoin to lower down and that is the perfect time to buy again a lot of bitcoin. Store it then trade at a later time. That is how we prove the volatility of bitcoin price.
Other than your highlighted views , we can add effect of the Big boys/Big whales ways of manipulating the prices, since they are the major initial Bitcoin patronizers. Additionaly the last FUD with respect to Chinna banning Bitcoin and negative rumours like that from few other countries also have significant deffect on Bitcoin prices. In essence, widespread rumor such like this also affects the price of Bitcoin.
I think politics can be an influence of rising and falling prices as well, because there is so much politics involved in discussing bitcoin and mostly just giving bad news, so essentially what you mentioned is all true and politics becomes a new addition that can affect bitcoin prices.
Well of course the demand of bitcoin is the number one factor that affects bitcoin price. I think there are months, or seasons, that have effects on bitcoin. There are also people, who are also called whales, that have a direct impact on bitcoin. If they sell, bitcoin falls, if they buy, bitcoin rises. And of course, the FUD's have a great impact on bitcoin. But most of FUD's affect bitcoin in a negative way.
Yes, agree with you., Other aspect may contribute also to the major effect of bitcoin price is implementing a new sets of rules and policies which tends to fall the price. One is declaration of a giant social media banned of promoting ads. to a new ICO which are developing from it to blockchain. Plus the another giant marketing network google which tighten the advertising of coins and ico. From circumstances it carries a big impact into the marginal marketing of digital currency which directly affect to the market value.
Now policy impact has very important effect to the price of the currency, in September 2017, the Chinese government's policy led to a bit of a drop in prices, in January 2018, South Korea and the policy of the Chinese government and lead to decline in the currency price!
yes, it is true, policies made by some countries are bad for bitcoin, especially now that many negative news about bitcoin add bad effect again to bitcoin, like banning facebook and google.
From the past few months, I would put number four in your list as my number one. More than supply and demand, its been 'X' country banning Bitcoin while 'Y' country continuing its attempt to regulate it and 'Z' country accepting it completely. These news have taking a toll on the prices of Bitcoin over time and it looks to be trending in the same direction.
IMO, FUD may be a factor that greatly affects the current bitcoin price. This can be interpreted as a brainwashing of people who want to invest here. How come? One's belief will change if bad news is widespread among them and change their view of bitcoin.
Well of course the demand of bitcoin is the number one factor that affects bitcoin price. I think there are months, or seasons, that have effects on bitcoin. There are also people, who are also called whales, that have a direct impact on bitcoin. If they sell, bitcoin falls, if they buy, bitcoin rises. And of course, the FUD's have a great impact on bitcoin. But most of FUD's affect bitcoin in a negative way.
OP, you posted a nice list. I think, FUD is the major reason of dumping. Without these FUD, Bitcoin should be 15k again by now.
That is definite. There are fuds creating problems to bitcoins every other day. Sometimes when bitcoins start becoming stable these fuds are spread over internet and people, due to their lose knowledge, start panicking and ending with their selling at such low prices. They even don’t care about bitcoins then. At the time, there would be only best decision and that is saving their own amount.
These are the factors which come to my mind right now:
1. Media coverage
2. Legality
3. Hacks of exchanges / ventures
4. Statements by billionaires or banksters
5. Expansion of the user-base
The major contributor is legality because the G20 leaders are planning to impose some measures to suppress bitcoin due to anonymity and decentralized, to protect their citizens from scam and another criminal activities, 1. Media coverage
2. Legality
3. Hacks of exchanges / ventures
4. Statements by billionaires or banksters
5. Expansion of the user-base
These are the factors which come to my mind right now:
1. Media coverage
2. Legality
3. Hacks of exchanges / ventures
4. Statements by billionaires or banksters
5. Expansion of the user-base
1. Media coverage
2. Legality
3. Hacks of exchanges / ventures
4. Statements by billionaires or banksters
5. Expansion of the user-base
OP, you posted a nice list. I think, FUD is the major reason of dumping. Without these FUD, Bitcoin should be 15k again by now.
That is definite. There are fuds creating problems to bitcoins every other day. Sometimes when bitcoins start becoming stable these fuds are spread over internet and people, due to their lose knowledge, start panicking and ending with their selling at such low prices. They even don’t care about bitcoins then. At the time, there would be only best decision and that is saving their own amount.
Stability of the bitcoin network is a major factor that most bitcoin enthusiasts are concerned about. Most people want a secure network where they will not lose their money. Unlike the conventional currencies like euros and dollars, bitcoins are largely perceived as economic bubbles as they are only valuable when exchanged with other currencies, but do not have any inherent value on their own. If most people and business organizations stopped accepting bitcoins, the “bubble” would burst, leading to a fall in the bitcoin price.
Recent banning and other negative impression on bitcoin creates fear among coin holders thus creating a change in supply and demand of bitcoins. With the recent event about google banning crypto ads most coins appear affected as could be seen during when announcement was made. People seemed to lose interest in coins as a result of FUDs. There are so many factors that really had an effect.
Indeed, many things that can cause bitcoin to experience price changes are very frequent yesterday, because all know for sure negative news continues to decline bitcoin users and the market a little dim, bitcoin is actually very easily manipulated by people who are very influential in every country.
The most major ones lately are news and different goverment statements. That's sad that this things affect price of BTC so much, but that's nothing to do with it.
Although these stamens have an element of worry regarding bitcoins position in international market. But as it has been evident from the history that only few amongst so many were true. Rest all were just false news that were created and spread over the world just to demolish the goodwill of bitcoins that have been made in hearts of users. So we have to avoid such fuds that are making bitcoins notorious. Price always follow the law of demand and supply, there are multiple factors which affect the demand and supply in the market for example we have recently experienced the price rally and when we saw the correction was coming there was a wave of panic selling, most of the holders especially newbies were liquidating their Bitcoins and that was the reason why price fell down. The initial fall was a result of exit from the big whales but it somehow created the domino effect in the market. I believe that mass awareness is one of the characteristics of an ideal market and we don't have this at the moment.
In recent times, we have things like media backlash and FUD confusing investors and making them sell their bitcoins in a panicking moment and this drives the value even lower and this really affects the price.
OP, you posted a nice list. I think, FUD is the major reason of dumping. Without these FUD, Bitcoin should be 15k again by now.
Price always follow the law of demand and supply, there are multiple factors which affect the demand and supply in the market for example we have recently experienced the price rally and when we saw the correction was coming there was a wave of panic selling, most of the holders especially newbies were liquidating their Bitcoins and that was the reason why price fell down. The initial fall was a result of exit from the big whales but it somehow created the domino effect in the market. I believe that mass awareness is one of the characteristics of an ideal market and we don't have this at the moment.
Hi,
I think we can add two things to your list:
1- Over-reaction from the community. Some market announcements should not have such an impact, but people tend to freak out quite rapidly.
2- Impact of the period of the year. Trends tend to be different according to when we are. July or December are important turning points I'd say.
And the worst part about overreaction has to do that all the community is affected by a small number of traders, they see the news and think it's going to have a bad impact on the price they begin to sell and this in return creates a domino effect since other traders begin to see the charts are indicating that people are selling off and they do to the same, this is how crashes are made.I think we can add two things to your list:
1- Over-reaction from the community. Some market announcements should not have such an impact, but people tend to freak out quite rapidly.
2- Impact of the period of the year. Trends tend to be different according to when we are. July or December are important turning points I'd say.
Bitcoin price is not normally controlled by any company, organization or government. it 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.
Below are some of the main factors that can affect the bitcoin price:
1.Government Regulation
2. Media Influence
3. Stability of the Bitcoin Network
4. The Bitcoin Demand and Supply
5. Wider Mainstream Acceptance
6. Large Businesses Dumping to Fiat Currency
7. Technological Changes and Innovations
8. Market Manipulation
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