What determines the price of btc: information or charts

Gromx

jr. member

Activity: 280

Merit: 1

Quote from: baonguyen on August 29, 2018, 10:51:11 PM

Can you tell me what affects the price of btc ?
Why is the price up or down?
Most of you would advise me to learn how to read charts.
So the price of btc up or down depends on the chart ?
Bad news is over, why btc prices can not increase again? The fear of new investors may be a reason. Since btc is not a real company, we can not have financial statements to buy or sale.
Price up from 6k to 7k this morning. why the price go up ? i'm confused now.

For many, most of the answers to your questions remain a mystery.We can say only one thing-the market is dependent on the news and is highly susceptible to manipulation. No one knows exactly what someone tomorrow, for example, may again bring down the price!

markieeeloy

jr. member

Activity: 296

Merit: 2

Totally for the information. The charts are completely useless if the bitcoin has a negative information, then the aftershock of it is devastation. Charts can only be used for monitoring and price prediction. Whereas the information, totally relies on the life of the coin.

monocrypto

newbie

Activity: 23

Merit: 0

Actually the price of ups and downs of Bitcoin depends on all of us. If we want Bitcoin to drop dramatically, then we just sell Bitcoin on a large scale and together, the price of Bitcoin will automatically drop. If you want to increase the price of bitcoin, then you can buy Bitcoin simultaneously when the price of Bitcoin falls, so that will push the price of Bitcoin back up.

Lighthouze

jr. member

Activity: 196

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A lot of factors determine the price of price movements of Bitcoin and both the Fundamentals and Technical Analyses. But the market has lately been controlled by a lot of fundamentals which is why the CBOE Bitcoin ETF is a big deal.

Slimztee

newbie

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Quote from: baonguyen on August 29, 2018, 10:51:11 PM

Can you tell me what affects the price of btc ?
Why is the price up or down?
Most of you would advise me to learn how to read charts.
So the price of btc up or down depends on the chart ?
Bad news is over, why btc prices can not increase again? The fear of new investors may be a reason. Since btc is not a real company, we can not have financial statements to buy or sale.
Price up from 6k to 7k this morning. why the price go up ? i'm confused now.

So it's simple, I'll tell you for free, the price of BTC is controlled by whales. These guys determine when it goes up and when it should go down after taking profits.

nwanne

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Activity: 280

Merit: 2

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What determine the price of btc from my own perspective is the level of the buyers and sellers, when there is a good, people buy and sell to market profit, so when more people are buying more bitcoin, the price goes up, but the more selling are selling a large number of bitcoin, the price crashes,

lifesgood10

member

Activity: 378

Merit: 13

The prices of bitcoin and other altcoins varies upon the buy and sell order
Varies on the coins mined by miners
Varies on total supply and demand for bitcoin

The information and charts are drawn sequentially as the prices of bitcoin wavers upward and downwards

SaepulMT

member

Activity: 699

Merit: 55

In my opinion, because the price must be like that, the fluctuations in the ups and downs are so fast, if lately I monitor the price movement of Bitcoin, it depends on the number of negative issues and it could be because there is also a lot of sell panic due to negative news about cryptocurrency

zininaks

full member

Activity: 462

Merit: 100

CME bitcoin futures expire on August 31. Earlier, before the expiration of futures contracts from CME or Cboe, the price of bitcoin also fell. Despite the fact that futures trading does not directly affect prices, as trading is carried out with the help of cash, the rise in prices occurs as shorts from major players. Shorts and longs give the possibility of price manipulation.

bitvalak

sr. member

Activity: 868

Merit: 267

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Quote from: baonguyen on August 29, 2018, 10:51:11 PM

Can you tell me what affects the price of btc ?
Why is the price up or down?
Most of you would advise me to learn how to read charts.
So the price of btc up or down depends on the chart ?
Bad news is over, why btc prices can not increase again? The fear of new investors may be a reason. Since btc is not a real company, we can not have financial statements to buy or sale.
Price up from 6k to 7k this morning. why the price go up ? i'm confused now.

Chart is honest information about the price of bitcoin in my opinion. Because all patterns are formed there. Negative news is made because to make a repetitive pattern on the bitcoin price chart. Believe it or not, bitcoin chart history will show the future of bitcoin.

oceantiger

jr. member

Activity: 308

Merit: 8

Both the chart and bitcoin price is following the sentiments of the market that is carried by the news. Few weeks ago during the ETF and SEC issue when SEC postponed the admission of ETF in their stable, just because of the news the price slide down from $8k to a little above $6k. That is the power of news in the online trading.

vicvicto17

member

Activity: 362

Merit: 10

Actually it determines information, Chart is the second option. If you really wanted to be a great professor try to understand the flow of the market.
Some information are negative but some people use to that idea.

echodike

newbie

Activity: 154

Merit: 0

What determines the market price is the demand and supply, when more people are buying bitcoin, the price go higher and higher but when the people are selling and selling the price of bitcoin goes down.

cryptoAB.me

newbie

Activity: 27

Merit: 0

I think what determines the price of Bitcoin and the information that's show to people depends all on demand and supply of how the entire market is

Herlina

full member

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Technical analysis is a way to predict and it can help you to determine future price predictions, price movements to rise or fall are caused by market participants "Buyers VS Sellers" and many factors can influence market participants such as bad news, good news, include their analysis, internal factors, etc

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: baonguyen on August 29, 2018, 10:51:11 PM

Can you tell me what affects the price of btc ?

Demand and supply, news.

Quote from: baonguyen on August 29, 2018, 10:51:11 PM

Why is the price up or down?

Many are selling or buying.

Quote from: baonguyen on August 29, 2018, 10:51:11 PM

Most of you would advise me to learn how to read charts.
So the price of btc up or down depends on the chart ?

Yeah also it depends on the charts if you know how to read it there's significance of it. And that's the real basis of traders.

Quote from: baonguyen on August 29, 2018, 10:51:11 PM

Bad news is over, why btc prices can not increase again? The fear of new investors may be a reason.

We can't tell if its the fear of new investors but don't be so quick and hungry of seeing that great gain.

Quote from: baonguyen on August 29, 2018, 10:51:11 PM

Since btc is not a real company, we can not have financial statements to buy or sale.

Bitcoin isn't a company but you can have the charts or trading history on exchanges as your basis.

Quote from: baonguyen on August 29, 2018, 10:51:11 PM

Price up from 6k to 7k this morning. why the price go up ? i'm confused now.

I've heard its because of the exposure made by CNBC.

waser12

full member

Activity: 476

Merit: 100

In general only demand for bitcoin influence its price. New trading volumes (new investments on exchanges) can increase bitcoin price.

bobo012

sr. member

Activity: 714

Merit: 257

Quote from: baonguyen on August 29, 2018, 10:51:11 PM

Can you tell me what affects the price of btc ?
Why is the price up or down?
Most of you would advise me to learn how to read charts.
So the price of btc up or down depends on the chart ?
Bad news is over, why btc prices can not increase again? The fear of new investors may be a reason. Since btc is not a real company, we can not have financial statements to buy or sale.
Price up from 6k to 7k this morning. why the price go up ? i'm confused now.

In short the answer would be demand for it. There is numerous factors that affect the price, like advancement in technology, news outlets, and realization what bitcoin actually is. Because of its matemathical and economical settings it will become more valuable as time passes. If everything goes well ofcourse

baonguyen

newbie

Activity: 70

Merit: 0

Quote from: nknarula on August 29, 2018, 11:07:48 PM

I'm a firm believer that price follows hash rate... albeit a bit delayed.

wow. i never thinking about that before. Hash rate, hard to mine a bitcoin today. Someone told me need 8k usd, it costs to mine a single bitcoin. What happen if the bitcoin price below a price to mine a single bitcoin. Miner may turn off them machine and no one broadcast it and verified by the network.

nknarula

newbie

Activity: 60

Merit: 0

Quote from: xcbjsuw on August 29, 2018, 11:06:31 PM

When viewed from year to year, it can be concluded that the influence of bitcoin prices is influenced by, 90% of News (good or bad) 10% Technical analysis.

I'm a firm believer that price follows hash rate... albeit a bit delayed.

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