Topic: What effects the bitcoin price? - page 5. (Read 763 times)
There are many factors that affect the price of Bitcoin. The current development of Bitcoin is not stable, so the price fluctuations will be very large, like social media, national policies, and social events.
I'm sure dumping has an adverse effect on the coin because it will lead to panic selling and the coin will keep sliding. The worse is that, when bitcoin goes sick, every altcoin do the same. The make is on red.
I think that the rate of bitcoin will be determined by the strongest players on currency exchanges and countries such as China, Japan, Korea. In Russia, however, still can not determine what to do with it, how to control it, so do not rush to conclusions, but as soon as this happens, the growth of bitcoin and other crypto-currencies is provided, and 2018 will be this basis.
3. Intended market manipulation. Some player buy large amount of bitcoin it causes the bitcoin rise in the market.
Maybe last December 2017 high rise of bitcoin is manipulated by other bitcoin player that why it rises almost 20k, I hope it will not happen again.
There are many factors that affect the price of Bitcoin. Market fluctuations, the promulgation of government policies, media reports, and major social events are all factors that affect the price of Bitcoin.
There are many factors that affect Bitcoin. The change in Bitcoin price is actually not a supply-demand relationship, but a kind of buying and selling relationship. That is, the overall game effect of participating in the Bitcoin Bosha game between the buyer and the seller causes the price of Bitcoin to change. .
There are many factors that affect the price of Bitcoin. Market fluctuations, the promulgation of government policies, media reports, and major social events are all factors that affect the price of Bitcoin.
Bitcoins are in great demand in countries that have contributed to the increase in cryptocurrency, but some government controls have made it less likely. Increasing political uncertainty and concern To Asian encoding, the wider acceptance of blockchain technology is playing an important role in the increase of bitcoin.
Bulls often mention that the scarcity value of this encrypted digital currency is the main reason for its continued rise. Bitcoin is somewhat similar to gold, and its supply growth is extremely slow, and it is still slowing down. Its total supply will only reach 21 million. People's psychology and other aspects of the game will affect the price of Bitcoin.
Bitcoins are in great demand in countries that have contributed to the increase in cryptocurrency, but some government controls have made it less likely. Increasing political uncertainty and concern To Asian encoding, the wider acceptance of blockchain technology is playing an important role in the increase of bitcoin.
A small number of coins are sold and this leads to the fact that the price is falling and so far and will stand in such a place. But then people see it and everyone buys a chance.
Scamms, hack leads btc price to fall a little bit. But the news which really gives the panic attack in the mind of investors which leads to perform the panic sales resulted in btc selling in low price.
What could be the worst. 😓😓😓
What could be the worst. 😓😓😓
yes, that's all the reason it can make bitcoin fluctuations, but I add another one, it's public trust.
Because publik are part of bitcoin, bitcoin can survive until today because there are still many people who believe in bitcoin.
Because publik are part of bitcoin, bitcoin can survive until today because there are still many people who believe in bitcoin.
for me bitcoin price is that people start of panic that they sell their bitcoin if its price go down and if its price go up they just hold it till it reach its highest peak and the most effect of bitcoin is that many people are want bitcoin because of its big price.
These 5 points you listed are more or less the most important reasons that affect the price of bitcoin. Lately the news of the SEC to treat cryptocurrencies as commodities and the 'hack' of trading bots from binance clients, have caused the drop to below 10K yesterday.
Since I started with bitcoin saw the rapid rise and decrease of the price, so as I read the news and other blogs about bitcoin this is the things that constantly alter bitcoin value.
1. Government policies and regulation (sometimes banning of bitcoin), like Russia, India, S. Korea and others.
2. News and media sites ( closing of related bitcoin site and hacking like $60m cryptocurrency hacked https://www.wikitribune.com/story/2017/12/11/technology/nicehash-ceo-speaks-out-after-60m-cryptocurrency-hack/27212/
3. Intended market manipulation. Some player buy large amount of bitcoin it causes the bitcoin rise in the market.
4. Limited supply of bitcoin not more than 21M tokens, in high demand.
5 Other policy of central bank.
This is few reason why bitcoin alter rapidly.
I agree to the creator of this post. the above facts are bonafide and indeed true. However, you missed one reason for bitcoin's price change, and that is the high volatility rate of bitcoin. This is one of tge reasons as to why bitcoin's price is crazily unstable and could go from 100-0 or 0-100 really quick. 1. Government policies and regulation (sometimes banning of bitcoin), like Russia, India, S. Korea and others.
2. News and media sites ( closing of related bitcoin site and hacking like $60m cryptocurrency hacked https://www.wikitribune.com/story/2017/12/11/technology/nicehash-ceo-speaks-out-after-60m-cryptocurrency-hack/27212/
3. Intended market manipulation. Some player buy large amount of bitcoin it causes the bitcoin rise in the market.
4. Limited supply of bitcoin not more than 21M tokens, in high demand.
5 Other policy of central bank.
This is few reason why bitcoin alter rapidly.
Since I started with bitcoin saw the rapid rise and decrease of the price, so as I read the news and other blogs about bitcoin this is the things that constantly alter bitcoin value.
1. Government policies and regulation (sometimes banning of bitcoin), like Russia, India, S. Korea and others.
2. News and media sites ( closing of related bitcoin site and hacking like $60m cryptocurrency hacked https://www.wikitribune.com/story/2017/12/11/technology/nicehash-ceo-speaks-out-after-60m-cryptocurrency-hack/27212/
3. Intended market manipulation. Some player buy large amount of bitcoin it causes the bitcoin rise in the market.
4. Limited supply of bitcoin not more than 21M tokens, in high demand.
5 Other policy of central bank.
This is few reason why bitcoin alter rapidly.
1. Government policies and regulation (sometimes banning of bitcoin), like Russia, India, S. Korea and others.
2. News and media sites ( closing of related bitcoin site and hacking like $60m cryptocurrency hacked https://www.wikitribune.com/story/2017/12/11/technology/nicehash-ceo-speaks-out-after-60m-cryptocurrency-hack/27212/
3. Intended market manipulation. Some player buy large amount of bitcoin it causes the bitcoin rise in the market.
4. Limited supply of bitcoin not more than 21M tokens, in high demand.
5 Other policy of central bank.
This is few reason why bitcoin alter rapidly.
For me,i think only demand and supply are the only reasons that affect bitcoin price. Because of limited supply,with higher demand,bitcoin value or price increased. The news,specially negative news from social media,government taxes and regulation,market manipulation,whales,bitcoin hater, are affecting the Demand and Not directly affect to the bitcoin price. Because it affects the demand ,the tendency demand decreasing that cause the price to decrease also.
Pricing of a crypto-currency or say Bitcoin depend upon no. of factors. Some of them are:
1. Recent news related to Government policies and regulation
2. Demand and supply: Investors behavior towards market
3. Net volume to transaction ratio
4. Utility of Currency etc
1. Recent news related to Government policies and regulation
2. Demand and supply: Investors behavior towards market
3. Net volume to transaction ratio
4. Utility of Currency etc
We can argue that bitcoin price is dependant on supply and demand - that is generally true but I would question this principle here.
From my experience, I can see that price is mostly shaped by...
News! Any kind of negative/positive news has a dramatic influence on BTC, and you can see it even now.
Today we received news that Nobuaki Kobayashi had dumped $400kk worth of bitcoin and bitcoin cash.
We had reports of unauthorized sells on cryptocurrency exchange - Binance and technical issues on BitMEX.
All these facts combined are enough to push bitcoin into bearish market.
From my experience, I can see that price is mostly shaped by...
News! Any kind of negative/positive news has a dramatic influence on BTC, and you can see it even now.
Today we received news that Nobuaki Kobayashi had dumped $400kk worth of bitcoin and bitcoin cash.
We had reports of unauthorized sells on cryptocurrency exchange - Binance and technical issues on BitMEX.
All these facts combined are enough to push bitcoin into bearish market.
The pushes and pulls on the Bitcoin price are diverse. Some are slow but steady, like the gradually rising Supply/Demand curve for a stable bitcoin supply base. Others are violent and sentimental, such as the speculative trades that see the buying and selling of tens of thousands bitcoin via exchanges every day.
You have to realize 2 things. One that the price that you see is based on the price that people are willing to buy at, but only a very small amount of coins is being traded. Most coins is lying somewhere on cold wallets, wallets that have been long forgotten or belong to people who lost access to them. For instance if you took an exchange, even one of the bigger ones and suddenly dumped 100k coins, the price would crash to double digits. What if you had 1 million coins and did it simultaneously on all of the biggest exchanges? You'd probably cause an avalanche that could drag the price to <1000 USD all around the world. But why? It was just 1 million coins and we have 17 times moore in circulation. Selling <10% of all coins could crash the price to 10% of its current value.
The second thing is that the actual use of coins is very low. Most of what is being sold is not coins that are being used to buy something, but coins that are being traded for profit and traders want volatility.
The second thing is that the actual use of coins is very low. Most of what is being sold is not coins that are being used to buy something, but coins that are being traded for profit and traders want volatility.
What effect does bitcoin have on price? I do not think Bitcoin will have any other effect that could affect the buying and selling, but I am not sure that Bitcoin is affecting trades because it is progressing day by day, but my opinion is definitely buying deals affecting the price of Bitcoin.
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