Topic: What factors can affect to price of bitcoin? - page 7. (Read 1101 times)
They have some factors that affect the price of bitcoin. They have the fake news can affect the price of bitcoin the weak hands people sell there bitcoin because they scared. And next is the whales they will create a price wall that makes the price pump but the whales is the cause that the price pump they sell all there holdings.
After I learned there are some things that can affect the price of bitcoin. Like market availability and consumer demand, the negative info about bitcoin as it happens lately that Twitter bans ads about Cryptocurrencies and makes the market now down.
What factors can affect to price of bitcoin? Can price of bitcoin depend on world economic factors or economic occurrences?
In economics, the term supply and demand are always been the factors of price hike but the questions are what activities behind this supply which really affect the price?
1. If too many bitcoin users going to hold for long time.
2. If many bitcoin users going to dump simultaneously.
3 . If no more people interested to buy bitcoin.
And these are the activities that push the demand high and reflect to bitcoin.
1 . more investor going to buy bitcoin.
2 . more project that needs bitcoin.
3 . many countries are already accepting bitcoin as payments.
There are several factors that affects the prices of Bitcoins, now a days the demand for Bitcoin has increased . Due to the decentralized nature and no third party influence on the transaction of this virtual currencies influences more people on demanding Bitcoin. One of the factors that affects the price of Bitcoin is that the government brings some regulations to the digital currencies . Social medias are another source that can influence the price of Bitcoins by giving negative news and positive news this gives Bitcoin negative and positive values.
What factors can affect to price of bitcoin? Can price of bitcoin depend on world economic factors or economic occurrences?
I think not, bitcoin is not related to the world economy. but the world can be a factor that lowers bitcoin prices, such as bans on some countries, with this inevitably making the situation worse and panicky. the market has dropped to rumors and massive sales.
The main factors are demand and supply. If more and more demand the bitcoin value will rise and vice versa. The world economy clearly indirectly affects the value of bitcoin. Why? because the world economy is very close to people's purchasing power.
now it will be very good if, in South Korea, ico is allowed! After South Korea banned bitcoin immediately sank! but I'm sure that now the doors in different countries for bitcoins are opening! soon there will be positive news and will grow bitcoin!
The most influential factor in the exchange rate of Bitcoin is the psychology of investors. Excessive negative news has sent investors nervous, anxious to panic sell, which has kept the exchange rate low. Investors need to be alert and calm to be able to identify where the news is real or fake to avoid selling the cryptos to cut loss.
A lot of factors can bring bit coin price down such as rumours and some countries like china that are refusing bitcoin as a currency so many investors will hold back on investing but look at the positive side BTC will rise if a lot of countries recognize BTC as a currency and japan is leading by example.
We cant certainly point out which have certainly give a huge effect to the market bloodbath that we today. Cause a lot of factors causing these things and make the market price so badly. FUD, dump sellers, government regulations in all exchanger, all of these are the major contributor and mostly these we totally blame but still more, and definitely we can't figured it out right now.
There are many factors that affect the price of BTC, in short, the supply and demand on the market will affect the price of BTC. But supply and demand are influenced by policy from their own country. They will buy more or sell more depending on the government. Currently, many investors are not interested in BTC. Like the Chinese people they have sold the BTC to the market too much, because their government prevented them from accepting the BTC.
What factors can affect to price of bitcoin? Can price of bitcoin depend on world economic factors or economic occurrences?
the world's economic factors have little to do with the decline in Bitcoin's price and almost no impact on Bitcoin I think, it is Supply and Demand that greatly affects the price of Bitcoin..
The negative or the fake news brings big impact in the behavior and decision or those who wants to try to invest, those who already invested, because negative feedback about bitcoin creates panic to people which will leads to panic selling of all people.
I agree. This plays such a critical and important role because of the fact that since cryptocurrencies gain value by way of the increase in its usage rate, plus through how people transact and do business with it, then all bad comments, news and propaganda coming out to ruin its reputation would always have a part in the minds of people with regards to what cryptocurrency, specifically Bitcoin, really is. I think that's the reason why, up to now, some people are still hands tied if venturing in the cryptocurrency market would be a good thing or not.
It seems to me that we can change the price of bitcoin by buying it and not selling our bitcoins on the purse at such a low price.
As we all believe and believe that restrictions and demand can affect growth, it should be so. But when the authorities and large corporations come to fight bitcoin, who want to destroy bitcoin, because bitcoin can destroy the current economy around the world. These corporations (we may not know about them and they will not be known to anyone) will destroy the price of bitcoins in any way, this is exactly what is happening now. And it does not matter whether there is demand for bitcoin or not, the price will not grow. The price will be ruined artificially.perhaps it was not worth talking about it here. perhaps it was not worth talking about it here.
What factors can affect to price of bitcoin? Can price of bitcoin depend on world economic factors or economic occurrences?
the world's economic factors have little to do with the decline in Bitcoin's price and almost no impact on Bitcoin I think, it is Supply and Demand that greatly affects the price of Bitcoin..
actually a lot of factors that can affect the price of bitcoin, but I think the most influential is the news / issue, because with the news / issues become the initial reference people to buy or sell bitcoin, so the bitcoin price will continue to move
What factors can affect to price of bitcoin? Can price of bitcoin depend on world economic factors or economic occurrences?
Some factors that can affect the price of bitcoin is the social media spreading false news.They released very alarming news to the people. So that people might be think bitcoin is not good to be use or to invest. And the issues of banning bitcoin in other country's like china and south korea, the facebook and google also announced to banned bitcoin. The issue's of panic selling selling in the market.. So this the big contribution why bitcoin price is very affected, it's because of the greediness of other people.
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The factors i think that can affect bitcoin is demand and supply, when they are many people buying the price will move and and where there is much sell the price is tends to be low.. News across the globe too can also affect the price...
There can be many factors regulating the price of bitcoin, like public acceptibility, mining rate, blockage etc
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