what factor altcoin price depend ? | Bitcointalksearch.org

sorehammer

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Quote from: davidmckillip on April 10, 2018, 04:39:16 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, 04:39:16 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, 04:39:16 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, 04:39:16 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, 04:39:16 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, 04:39:16 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.

skinomanl

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Quote from: davidmckillip on April 10, 2018, 04:39:16 PM

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

Here you can write on the percentage of all the factors that affect the price of altcoin. And they will all influence in equal parts, this is the country's economy and the state's behavior in relation to the crypto currency. Also, bitcoin influences, whales sometimes are able to create chaos in the market and other insignificant events, and no one has canceled speculation.

djscreem01

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I think it depends on believers. depending on the projects are dependent on the ads. but these are discussed as a parameter on their own. hot money can change everything. Wink

Herbert2020

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Quote from: davidmckillip on April 10, 2018, 04:39:16 PM

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

no it can NOT. because altcoins have no place in the real world and in world economy. the altcoin place is on exchanges and for pure speculation purposes and that is what affects their prices. altcoins depend on hype and in one word on "pump and dump" aka manipulation.

of course there are some other factors such as bitcoin price and it is even possible that economy is also affecting them since some newbies may come in the market thinking they have found an investment haven but in the end the reality will hit everyone and they know it is all pump and dump.

Mr.Spreadthehamster

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Quote from: davidmckillip on April 10, 2018, 04:39:16 PM

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

As always, there are two components of the price: inernal and external.
Internal factoes are following: How good company works and doing business.
External plays mre important role, and among them are: the price of Bitcoin, some news (e.g. about restrictions of crypto somewhere), genneral situation on the market.
So, yes, it can depend on world economic factors.

jinxcreedy

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Altcoins are dependent on bitcoin to get their USD value. The numbers of satoshi a coin or token has multiplied by the current USD value of bitcoin will give you the value of altcoins.

Another thing one need to know is the fundamentals that will drive the value upward.

cryptoalfs76

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Quote from: davidmckillip on April 10, 2018, 04:39:16 PM

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

Will i thinks economic factors and occurences is disame point or meaning why the price of altcoins is going drops.actually in my own thoughts why the price value of altcoins is going low because theres so many huge volume of all altcoins now in the market,because mostly people selling there coins because of FUD situation and vice versa there is low investor buying of this altcoins for the trade transaction or necessity,thats why more supply will left,and this is co'z why the price is going down and few investor only hold there altcoins.

Adunni6758

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The first and main factor that affects the price of altcoins is the rate of changes in demand and supply. Every other factors are just accompanying factors. If you watch the market vividly, sometimes, the supply of a coin determines its price. A coin with a very low supply, has every tendency to rise faster and higher. More so, if the demand for a coin increase, the price will increase.

ceferov

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price always depends on demand. most altcoins have price today because we think they will have big usage in future. and big usage means big demand, good price. If more people believe same coin that means that coin will go up

Tenderino

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The basic rule is that the more people demand for a limited offer, the higher the price will increase. The better a product or offer is the higher is the demand for it usually, if you do the marketing well. The economic also plays a role, because if the people are happy with their current system, they tend less to try something new.

dashunka

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I think that economic factors have always influenced everything, including the crypt. but at the moment I think that it is held in pieces so that whales buy up coins.

yura888

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Quote from: davidmckillip on April 10, 2018, 04:39:16 PM

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

Of course what can. But the main factors are the news of the project which the developers give their media resources.

OluwaTosin10

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Quote from: davidmckillip on April 10, 2018, 04:39:16 PM

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

Bitcoin aside, altcoin price depends on you and me, if you decide to sell an altcoin below ico price for any reason, you have destroyed its market alreaDY and the tendency to recover for each token is rare and requires lots of hardwork.

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Quote from: ManaMan on April 10, 2018, 05:20:27 PM

Quote from: davidmckillip on April 10, 2018, 04:39:16 PM

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

There are really many factors that influence any market and trying to justify and find reason might be pointless sometimes. Altcoins are usually tied with bitcoin price but this doesn't have to be this way, mostly what affects their price is what dev team is doing in the background and how well is marketing done as well as shilling on the internet.

I think that potentially the prices should be affected by the development process and some technical upgrades, but it not the case. Surely the world economy is also not something important here. Investors and what they care about is. Unfortunately, as the market's price pumps and drops show, what really matters here is news on what various companies plan to do. News on wallet update on NEO got its price like a temporary 20% growth, for instance, while some half-fake news about Korea banning the exchanges and then the news on Facebook and Google banning ads made the whole market go about 50% down. People should admire the ideas, the tech and stuff like that, but they care about some regulations and advertising instead.

Blas

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Quote from: davidmckillip on April 10, 2018, 04:39:16 PM

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

The one factor that affect all of the altcoins is Bitcoin's price. All of the investors are following Bitcoin very close and their actions are reflecting to alts.

ManaMan

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Quote from: davidmckillip on April 10, 2018, 04:39:16 PM

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

There are really many factors that influence any market and trying to justify and find reason might be pointless sometimes. Altcoins are usually tied with bitcoin price but this doesn't have to be this way, mostly what affects their price is what dev team is doing in the background and how well is marketing done as well as shilling on the internet.

Yuuto

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Quote from: davidmckillip on April 10, 2018, 04:39:16 PM

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

Altcoins don't really relate to real world economy that much. But it does relate a lot to bitcoin.

If bitcoin experiences a bull market, then so will altcoins. The specific prices are determined by supply and demand on the free market.

And usually, altcoins are more volatile than bitcoin which means that when bitcoin is fluctuating, altcoins will usually go in the same direction as bitcoin and some more. For example we saw altcoins outperform BTC in times of big price swings last year, e.g. ETH, XRP etc.

davidmckillip

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

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