What are the major factors that affect the bitcoin price? - page 5.

wxa7115

hero member

Activity: 2702

Merit: 704

Quote from: mOgliE on March 22, 2018, 08:04:59 AM

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.

Direwolve735

full member

Activity: 448

Merit: 232

1. Number of investors. With the increase in the number of people investing their funds in virtual currency, the cost of each coin increases.
2. People's interest in Bitcoin. If people refuse to use bitcoins, their intrinsic value will be zero.
3. News about Bitcoin. The virtual currency needs publicity to attract new investors and encourage commercial companies to cooperate. Negative news in turn is hitting the price of the crypto currency and it is falling.

genocide

full member

Activity: 258

Merit: 100

It is just base on my observation and analysis that the factors affecting the bitcoin price are the supply and demand; the negative and positive news from social media; the government policy; the economic situation; and the investors itself.

Wandika

sr. member

Activity: 508

Merit: 250

In CryptoEnergy we trust

Quote from: HasHe on March 22, 2018, 07:48:42 PM

The basic factor is the increase and decrease in demand for bitcoins.Even though there exists lots of global factors, nowadays FUD spread by big whales play an important role in determining bitcoin price.It remains the major cause of the higher fluctuations in bitcoin price.

FUDs affect crypto a lot ,we never know now what is really the news since their putting ad on in every detail just to drop the price of BTC, now it's on exchanges news again from bittrex to binance we will be needing more patience to be successful in crypto.

HasHe

hero member

Activity: 952

Merit: 500

The basic factor is the increase and decrease in demand for bitcoins.Even though there exists lots of global factors,nowadays FUD spread by big whales play an important role in determining bitcoin price.It remains the major cause for the higher fluctuations in bitcoin price.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: zhanyiguai261315 on January 17, 2018, 11:31:58 PM

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!

The policies of the governments around the world can affect the price but it depends on the government, for example the Chinese government was very influential but it has lost part of that influence, South Korea is also very influential since it has a huge volume and many exchanges but a very tiny country with almost no bitcoin presence will be unable to affect the bitcoin price.

Mevz

full member

Activity: 238

Merit: 106

Agreed with the 4 major factors its really happening and now we are suffering from the FUD spreading like fire that is why the market is so bloody. I think it would take more time to recover because its not just arbitrarily. Its a natural phenomenon of bitcoin and it always base on the supply and demand and the most important the whales are controlling the movement of the price.

portotoi

full member

Activity: 280

Merit: 101

Blockchain with a Purpose

Quote from: zhanyiguai261315 on January 17, 2018, 11:31:58 PM

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!

That also affect the bitcoin price. When more negative news will exist in the crypto market then more bitcoin investors will halt and the bitcoin demands will goes slower and slower.

gua86402

newbie

Activity: 126

Merit: 0

The influence of government policy on BTC is huge!

The United States began to regulate ICO, and Google and twitter were affected and began to ban the advertising of digital encryption money!

The impact on digital encryption is huge!

Rooster101

sr. member

Activity: 826

Merit: 256

Aside from the already mentioned factors that affect bitcoin price, another one is the market manipulations where traders or the so called whales purchase large amount of bitcoin to pump the market temporarily then dump them later. Technological changes and innovations can also influence the market of bitcoin like its recent hardforks. The stability of bitcoin network and the wider mainstream acceptance can also moves the price of the bitcoin.

mOgliE

legendary

Activity: 1344

Merit: 1251

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.

Elseye

full member

Activity: 378

Merit: 100

ApolloX

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.

Caelanpelley

sr. member

Activity: 602

Merit: 250

In my opinion, the main factors that affect the price of bitcoin are: speculation, economics and players. Speculation has a huge impact on prices. If you boldly will earn a huge amount of money. Bitcoin players can "stack up", demand will increase and vice versa, when they "discharge" makes the supply increase. As a result, speculation becomes the most powerful factor influencing the value of Bitcoin. Economic development will also help many people invest in bitcoin.

BarbusseH

newbie

Activity: 193

Merit: 0

Another factor about which this number of people using crypto currency did not say. The more people companies use for accumulation or operating activities, the higher the price of coins.

Shimmiry

full member

Activity: 840

Merit: 105

★Bitvest.io★ Play Plinko or Invest!

I think there is only one great factor that affects the price of bitcoin which is the Demand and Supply, because it is all that affects the bitcoin's price. Low demand = low price : high demand= higher price, its the basic analysis for that then the other factors such as market news and Mining difficulty would be the factors affecting the demand and supply not the bitcoin itself.

3la9l_kolbaCa

sr. member

Activity: 896

Merit: 250

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

boyshx

sr. member

Activity: 574

Merit: 251

Price of any currency is determined by the flow of demand and supply of that currency. If supply is more than demand then prices remains low and vice versa. Bitcoin supply is restricted at the time of its introduction, so its growing demand is pushing its price always up. Being a decentralised currency no regulating authority is present to control the volatility. Addition to those external factors like ban /regulations or any favourable news about bitcoin currency makes its investors panic or encourage them to buy or sell bitcoins.

shezu007

full member

Activity: 336

Merit: 121

The major affect of BTC is demand and supply.
Demand is directly proportional to price as demand is increasing then price will also increasing while as demand is decreasing then price will also start decreasing.
While supply is inversely proportional to price as supply in market increasing then price will start decreasing and as supply short then price start increasing.

Maingtoled1958

member

Activity: 126

Merit: 14

Now, their are several issues going with bitcoins so the price is going much low. Actually due to the new from south korea government about banning the exchanges is causing a lot of people for panic sell and the demand is probably decreasing which is then loosing the market price. Also the mining difficulty for now is high and also the transactions are been denied. Market news is also not in favour of bitcoins. At such situation the price going down is usuall and i hope it will soon pump back.

hachiman13

full member

Activity: 378

Merit: 102

Culture can also affect the price. Like what we are experiencing now, lunar new year is around the corner. What that brings us are a lot of (asian) people cashing out their cryptocurrency holdings to celebrate the event thus the market are negatively affected.

Topic: What are the major factors that affect the bitcoin price? - page 5. (Read 616 times)