It's crazily simple.
The amount of BTC being bought has to equal the amount being sold. Therefore if too many people want to sell, people will only start buying to complete the trade if the sellers agree to a lower price.
It's all about competition really.
Topic: What determines if a coin goes up or down in price? - page 3. (Read 2209 times)
The price of a cryptocurrency is determined by ratio of demand and supply. If ratio of demand and supply is more than one than price will go up. If ratio of demand and supply is less than one then price of Bitcoin will go down. If the ratio is exactly one, then price will remain at the same level.
What exactly causes a coin to go up or go down in value? If everyone starts selling the coin, will the coin go down in value? Im curious but what things trigger coin prices to go up or down?
The things that causes a coin to go up or down in price is demand and user's trading activites of a certain coin so when a place or certain country starts using a certain currency, it goes up in price just because of demand. If one country begins to use for example bitcoin, they would buy it therefore making it's value go up and at the same time, if many peoe sells, therefore it will go down in value. Another factor that triggers a coin's price to go up and down are news and FUDs. 
I heard that if there is news that certain places will start using a certain currency, then it will increase in value. Obviously that sounds very simple. But that is true right?
What exactly causes a coin to go up or go down in value? If everyone starts selling the coin, will the coin go down in value? Im curious but what things trigger coin prices to go up or down?
What exactly causes a coin to go up or go down in value? If everyone starts selling the coin, will the coin go down in value? Im curious but what things trigger coin prices to go up or down?
what you've heard is a very simplified version of the reality.
it is all about the adoption. if it grows then the price grows too.
being added to a new place doesn't increase the adoption right away, it usually is the other way around. first the adoption happens so price goes up and because of the demand for that service they add that payment. but in long run if that service is big enough (like if Amazon adds bitcoin payment) the prices will rise more because of the publicity that it brings.
So many factors can cause a coin to go up or down in price.
1. The number of people buying it or selling it
2. Favorable or unfavorable press coverage
3. It's perceived future potential, especially by big corporations
4. Governmental reactions and the number of countries who recognize and legalize it.
1. The number of people buying it or selling it
2. Favorable or unfavorable press coverage
3. It's perceived future potential, especially by big corporations
4. Governmental reactions and the number of countries who recognize and legalize it.
I heard that if there is news that certain places will start using a certain currency, then it will increase in value. Obviously that sounds very simple. But that is true right?
What exactly causes a coin to go up or go down in value? If everyone starts selling the coin, will the coin go down in value? Im curious but what things trigger coin prices to go up or down?
I think the people who uses the bitcoin. Imagine it if all of the people are using bitcoins, i think the value is rising up. The price also have connected to the investors that invested in the bitcoin world.What exactly causes a coin to go up or go down in value? If everyone starts selling the coin, will the coin go down in value? Im curious but what things trigger coin prices to go up or down?
This, and many more reasons for rise or fall.
You should look at the big picture, not only for BTC. It's not that easy like only people using it to determinate the price.
Like, for example, bitcoin is still very fragile and every new about legalization or ban in any country is influencing the price heavily. Or the upcoming possible fork. Or some exchange scams.
The upward and downward trend of Bitcoin or any crypto currency at all moves as a result of the forces of demand and supply of that currency. When the demand for the a particular currency is high the market value of the currency will start going up and vice versa. There can equally be up and down trend of any currency maybe as a result of either positive or negative news about the currency or international events.
I heard that if there is news that certain places will start using a certain currency, then it will increase in value. Obviously that sounds very simple. But that is true right?
What exactly causes a coin to go up or go down in value? If everyone starts selling the coin, will the coin go down in value? Im curious but what things trigger coin prices to go up or down?
I think the people who uses the bitcoin. Imagine it if all of the people are using bitcoins, i think the value is rising up. The price also have connected to the investors that invested in the bitcoin world. What exactly causes a coin to go up or go down in value? If everyone starts selling the coin, will the coin go down in value? Im curious but what things trigger coin prices to go up or down?
I heard that if there is news that certain places will start using a certain currency, then it will increase in value. Obviously that sounds very simple. But that is true right?
What exactly causes a coin to go up or go down in value? If everyone starts selling the coin, will the coin go down in value? Im curious but what things trigger coin prices to go up or down?
What exactly causes a coin to go up or go down in value? If everyone starts selling the coin, will the coin go down in value? Im curious but what things trigger coin prices to go up or down?
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