what factor altcoin price depend ? | Bitcointalksearch.org

sorehammer

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Quote from: davidmckillip on April 10, 2018, 03:39:16 PM

What factors can affect to price of altcoin? Can price of altcoin depend on world economic factors or economic occurrences?

Altcoins don't depend upon any world economic factors,these are peer to peer currencies,interrelated to BTC behavior.when BTC goes up Altcoins show same behavior and vise versa.if we analyze current downward trend of Crypto currency then it would clear to us that following factors affect the entire crypto world like regulations,bans,FUD etc.

sateyaam

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I think the altcoin price depends on the price of a digital currency like bitcoin
But the world economy has an impact on bitcoin,
So the altcoin price depends on the bitcoin,
And now a lot of ethereum-based ico to keep them out of the world economy,

Kate Beckett

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The legal status of the crypto currency and government actions can affect the price. If the government begins to exert pressure in the form of taxes or additional regulation, up to a complete ban, the perceived value of a crypto currency for investors from such a country will decrease. If the crypto currency is given an official status, the effect will be positive.

sangkler11

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I think the world economy has no effect on altcoin prices.
one of the factors that influence it is the price of bitcoin, because all altcoin exchange refers to bitcoin.
if the bitcoin price falls, the altcoin price will also fall.
Another factor that influences it is the development of altcoin itself.

drogas

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FUD, bans, regulations, taxes, so on... Grin

But usually, simply when bitcoin falls, other altcoins fall as well.

demonic098

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Quote from: davidmckillip on April 10, 2018, 03:39:16 PM

What factors can affect to price of altcoin? Can price of altcoin depend on world economic factors or economic occurrences?

Bitcoin, news, whales, traders, those factors mostly affect altcoin price economic occurences also has an effect but that's under the news factor Wink

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Erlinda Santiago

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Quote from: davidmckillip on April 10, 2018, 03:39:16 PM

What factors can affect to price of altcoin? Can price of altcoin depend on world economic factors or economic occurrences?

the factors of altcoins prices depends on hony people consume and invest altcoi s so if theres a few people then the rate will be low nd if many people buys altcoin then it will increase

sircy

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most market demands determine the value of bitcoin. currently, bitcoin started up again, if it is supported by a very large market demand then this would further help the bitcoin to be high-priced.

rukawa101

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Some AltCoins kinda depend on BTC regarding their prices. A big factor would probably the law of demand and supply, and speculations about the cryptocurrencies' viability heavily determine its price.

redhondaxrm125

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Quote from: davidmckillip on April 10, 2018, 03:39:16 PM

What factors can affect to price of altcoin? Can price of altcoin depend on world economic factors or economic occurrences?

There really are a lot of factors that I can think of. One of them is the publicity which depends on the strategies of the developers in making their altcoin or products sell to investors. Another would be how the developing team engages with partners, communicating with the community, and so much more. And of course, the concept of the project that the altcoin is for also matters a lot on how people need it or how big and how many problems it can solve. And then there's the bitcoin price which clearly drives the whole market either up or down. Now on some cases, economic factors really can affect the whole market depending on what is happening.

gune68gune

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The crypto currency market (altcoin) is influenced by many factors. However, the main factors affecting alcoin prices are their purchases and sales. The more demand the price increases and vice versa. That is the law of trade.

michellee

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Quote from: davidmckillip on April 10, 2018, 03:39:16 PM

What factors can affect to price of altcoin? Can price of altcoin depend on world economic factors or economic occurrences?

I don't think that the world economic factors will affect the price of altcoin because it's far beyond of this and the crypto is not reaching the economic factor in a country. so I think the factor is because people get panic to see the price is down and they are worried if the price still down too deep so they sell their coins to prevent more losses. besides that, I think if there is any bad news that will cause bitcoin price to down and it will affect the altcoin price too.

suaranah tekkok

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the fall of bitcoin prices currently has several factors one of which is the lack of investors and the emergence of bad news that hit the bitcoin at this time.

Pain Packer

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Actually, altcoins and cryptocurrencies doesn't affect by economic factors around the world. Altcoins' are solely dependent on the price of btc because altcoins came from btc that's why it is called the mother of cryptocurrencies.

jjsum

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The price depends on several factors, many.
For example, when it was announced that China would place restrictions, the price was negatively affected.
The same thing happened when it was said that South Korea would do the same.

Every time a large country, with a high number of transactions of any currency, announces restrictions, then the price decreases.

When it was announced that some reputable investors were investing in cryptos the price increase.
The same happens when a large company announces improvements or implementation of blockchain in its system.

For example microsfot includes support for blockchain in azure.

In short, when someone of weight speaks of support for crypto coins the price increases. When restrictions are announced, the price tends to fall.

Of course, there are other factors such as demand, acceptance, etc.

Quote from: davidmckillip on April 10, 2018, 03:39:16 PM

What factors can affect to price of altcoin? Can price of altcoin depend on world economic factors or economic occurrences?

andriarto

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it is not global economic situation that is main cause, but many people sell with a huge volume. this can also happen because game of whales, besides that many negative news circulating so that many investors attract funds, so that price to drop

czhen

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many factors that make Altcoin prices down.
one of which regulation of government rules in a country will affect the price of altcoin. and also bans on google ads and facebook also affect.

progladko

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Altcoins are now affected only by bitcoin. I think this is the only factor.

kindbtc

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Altcoins are dependent largely on fundamental analysis and news, if team performs well or their product/service launches successfully or the users reach big numbers, all such news positively effect alts and the value also increases.

Slugmonkey

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Depends on the time frame you are talking about. In short term the crypto news how it affects your coin, how your coin is received by the market; which depends on the hype around it. But in long term the people working on it, the objective it stands to work on, most importantly the problem it aims to solve and how close it gets to solving it is the biggest factor affecting price.

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