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Topic: what could cause bitcoin prices to go up and down? - page 3. (Read 2452 times)

hero member
Activity: 575
Merit: 500
News is the biggest thing in crypto world which affects the prices mostly, if there is a bad news the price will dropped because people starts selling the coin, if there is a good news then price starts rising because people started buying it blindly. Thats how the prices go up and down.
Yes you have a point but for me. People or the users are the one who cause bitcoin price. Because I think if Bitcoin has a many users then it has a good price but if it has few users then it has a poor price.
You are absolutely right, it is users who are demanding for it and is the strong support of any market they desire for. In case of Bitcoin if we see users left investing here will bring further decrease in price but it will not happen because people are demanding for it in order to enrich with the benefits it has for us we choose it. So, price will go up and down only if users or you can say demand rate increases or decreases.
hero member
Activity: 2604
Merit: 816
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I think what makes this bitcoin price increase is because of the good news circulating on the internet and the total supply and algorithms for mining blocks are increased, making bitcoin very difficult to obtain and the price becomes very expensive.

The news can cause bitcoin prices to go up and down, and we already know this. We know that much bad news comes out in this year, and it makes the price can increase and even it still down. But soon, people will realize that the bad news will only make them get panic, and they cannot hold their bitcoin for a longer time. And they will stay calm if there is any bad news that comes out because they know that this can give a bad effect to the price, so it is better to be patient for a while.
member
Activity: 336
Merit: 10
I think what makes this bitcoin price increase is because of the good news circulating on the internet and the total supply and algorithms for mining blocks are increased, making bitcoin very difficult to obtain and the price becomes very expensive.
sr. member
Activity: 756
Merit: 252
I want to know what you think, what affects the bitcoin price, so we can find out when to sell and buy bitcoin, because now the bitcoin price drops again  Huh
Everything affects the price of bitcoin so to try to guess which factors are going to be more important or more influential during a specific amount of time is just a waste of time, why do you want to know what affects the price of bitcoin, that is not going to tell you at what price is going to trade today or at what price is going to trade tomorrow?
jr. member
Activity: 196
Merit: 1
Purchasing power has always been the main reason for the impact of cryptocurrency prices, and these purchasing power is often affected by the outside world, such as news, hackers!

Purchasing power does get effected by the outside world most of the time but there is more to it and what I see our crypto community members have a huge problem with making decision according to the outside world events because most investor has no idea to clearly understand between a false new and a right one when they are making a decision so most traders do panic selling without thinking twice and we should understand that we can only change the outside world for some extend but the most effective one will be to change the mind set who are already in the crypto world so bad effects that comes from outside world can be reduced or eliminated
member
Activity: 276
Merit: 10
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As far as i know, cryptocurrencies' volatility is due to the demand of the people. Arising demand and declining demand is one of the reasons why bitcoin prices hurl its price up and down without even any warning.
sr. member
Activity: 1162
Merit: 251
So many factors. For example rise and fall of fiat currencies, economic growth or regression, users confidence and so on.
Yeah there are many factors that make price fluctuations, including economic growth in a country, user confidence, news, speculation
issues and many others, but the current concern is negative news that affects the weakening of the entire crypto price
full member
Activity: 574
Merit: 100
maybe that makes the price of bitcoin collapse like this is a factor of many people who panic and maybe the influence of the mining that sells their bitcoin in the place of exchange which ultimately makes the price of bitcoin at the exchange place collapsed.
member
Activity: 434
Merit: 10
Fast, Smart, Trustworthy
Purchasing power has always been the main reason for the impact of cryptocurrency prices, and these purchasing power is often affected by the outside world, such as news, hackers!
jr. member
Activity: 196
Merit: 1
if the bitcoin price will go up and down, many holders are make the prediction and make fear. some of them decide to sell the bitcoin early.

Panic selling has made a huge impact in bitcoin prices in the market when considering past several years and unlike any other investing field we can see many investors who take decisions to sell or purchase by looking at the trend or following false news which are broad casted through media organizations but directly or indirectly that has made bitcoin market volatile unlike other markets 
full member
Activity: 221
Merit: 101
I want to know what you think, what affects the bitcoin price, so we can find out when to sell and buy bitcoin, because now the bitcoin price drops again  Huh
There are many events that could affect the Bitcoin price. For example in the current situation the price drop because of overbought last year followed by negative news like ETF rejection. Usually it's all about the news that make hype or FUD that makes bitcoin volatile.
full member
Activity: 397
Merit: 100
It depends upon the number of investors.More will be the investors more will be the price of BTC.Their are many other reasons for such fluctuations in price but the main is the number of investors.Panic selling is also a reason.Panic selling just contribute to dump.Their are many countries which are banning BTC which also affect the price of BTC.
full member
Activity: 420
Merit: 100
I want to know what you think, what affects the bitcoin price, so we can find out when to sell and buy bitcoin, because now the bitcoin price drops again  Huh

The price is based on supply and demand, so you should not expect for the price to increase immediately and you do really need to have the patience on waiting for the price to pump up again in the market.
member
Activity: 294
Merit: 12
How people buy and sell is one of the reasons that make  the price to change often, when people buy much the price will go up and when price go down it means people are selling.
In addition to demand and supply there are several factors that make up bitcoin prices, such as the importance of protecting the value, the price of a bitcoin trading contract and so on. The perception factor also affects the price of Bitcoin. If Bitcoin gets a better perception, demand for Bitcoin will increase. Followed by the rising price of Bitcoin. Conversely, if Bitcoin gets a poor perception, the price of Bitcoin will decrease.
full member
Activity: 812
Merit: 100
I want to know what you think, what affects the bitcoin price, so we can find out when to sell and buy bitcoin, because now the bitcoin price drops again  Huh
There many reason why bitcoin price is down and up one of that the recently news about ETF approval that until now no one knows what will be the SEC decision. And because of panic selling because of that many people dump in the market.
full member
Activity: 602
Merit: 118
I want to know what you think, what affects the bitcoin price, so we can find out when to sell and buy bitcoin, because now the bitcoin price drops again  Huh

Every market, will usually be influenced by economic law namely the amount of supply and demand. Both are market mechanisms that cannot be separated. And both contribute greatly to the fluctuations that have occurred in the market.

The total number of bitcoins and their owners. The total Bitcoin is 21 million BTC, including those not yet screened. Whereas currently around 16 million have circulated more than BTC. According to the law of supply and demand that is because the amount of Bitcoin remains limited to only 21 million BTC, while people who want to own or buy more and more, this thing's to make the price of Bitcoin will continue to rise.

Media reporting on bitcoin in the media contributed to the rise in the price of bitcoin. The number of good or bad news that appears's able to influence the bitcoin market sentiment. For that as a bitcoin trader, we need to do an analysis, what phenomenon what will happen when the news has been released, relating to bitcoin, whether it's from the user or government policy.
copper member
Activity: 409
Merit: 0
The mechanism that causes the value of bitcoin to rise and fall is due to demand and supply on the crypto market, the more demand it will cause the price of bitcoin to increase and if many sell it, the price of bitcoin will decrease.
member
Activity: 364
Merit: 10
I think that making the price of bitcoin has an up and down price movement is the presence of buyers and sellers who do transactions with each other and the total supply of bitcoin can also be an influence.
newbie
Activity: 140
Merit: 0
I think the most influential bitcoin prices are one of the bad news and good news, the cause of bitcoin prices rising and falling is the rejection of some countries against bitcoin and bad news on social media that can affect investors to stop buying bitcoin because bad news can lowering the price of bitcoin and vice versa if there are bitcoin fans good news directly adds buyers and that affects price increases.
hero member
Activity: 2520
Merit: 568
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So many factors. For example rise and fall of fiat currencies, economic growth or regression, users confidence and so on.
But not everyone has the idea about this. They are not aware of economic growth as they focus only into something or they really have no interest checking it. The factors that would affect bitcoin's price nowadays are the news and regulations. The better the news is, the better effect it gives.
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