What factors can affect to price of bitcoin? - page 8.

Olrac

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Quote from: shultz1994 on March 24, 2018, 01:10:30 PM

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

There are several factors that affect bitcoin value such as Media releases
in relation to bitcoin. Some media are spreading news that damages the image
of cryptocurrency which will have an impact to it's value. Other factor is demand and supply, we all know that there is on,ly limited supply of bitcoin which is limited to 21million. So if the supply is limited, tendency would be the price will rise just what happen last quarter of 2017.

brickafterbrickwalldpt

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There are many factors which can affect the Bitcoin price. A lot of people tend to make up their investment decisions basing of the news which aim is usually to spread FUD. We could see it happening a few times before, people are too emotional. Governments and banks can influence the price of Bitcoin by regulations which unfortunately have done some damage already. I hope that people will finalyl understand why banks hate Bitcoin. Banks pretend to be adapting Blockchain but in fact nothing is going to change. People might not notice it.

megalith07

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There are numerous reason that can affect Btc price really the cost is continually changing in a totally free market dump and pump is an ordinary marvel the cost have risen such a great amount in the most recent year and it require an adjustment for the following skyrocket.

lionheart89

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Quote from: shultz1994 on March 24, 2018, 01:10:30 PM

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

many factors can affect the price of bitcoin, if demand is high then the price will rise. the negative news factor about bitcoin can also affect the bitcoin price and also the rules in each country if any country that prohibits bitcoin would greatly affect the bitcoin price.

Deolito

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Bitcoin price is determined by supply and demand. Supply is well defined and well controlled. New coins only enter the system through mining. Mining generates new coins as an incentive for proof of work. This process generates new coins at a fixed rate. The number of bitcoins in circulation at any time is calculable. One factor that should not be forgotten is the amount of bitcoin that are being kept in reserves. In velocity of money calculations these are considered out of circulation.

sana gull

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Quote from: khurramshah on March 28, 2018, 02:27:34 PM

The most important factor which affect the price of any commodity or ny currency price just like bitcoin is the demand and supply when demand of bitcoin is increased the price of bitcoin increased and vice versa other factors also affect the price of bitcoin just like any bad news bitcoin is digital currency so the hacking of accounts can affect the price of bitcoin

Yes demand and supply is the main reason which is causing the price of bitcoin ups and down, some time the demand of bitcoin is increasing which decrease the supply and hence the price of bitcoin also increase. I think that bitcoin price will continue increasing because still bitcoin demand is increasing and people still taking more interest in bitcoin.

tagsgay

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There can be many factors regulating the price of bitcoin, like public acceptibility, mining rate, blockage etc

soul-impact

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Factors affecting bitcoin prices.
1. Supply and demand rules of the market. When the supply is greater than demand, the bitcoin will decrease and vice versa.
2. The media strongly influenced bitcoin pricing. google, facebook stop advertising bitcoin has made its value decrease.
3. Government intervention in bitcoin development has affected bitcoin prices.

hajimasan

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Quote from: shultz1994 on March 24, 2018, 01:10:30 PM

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

In actual practice world economy doesn't have direct relationship with bitcoin's price in any way .
Most of the times when demand of the bitcoin get down then in that case value of bitcoin get down also by price .
For example if any negative news will start to run in this field then newbies and also experienced traders will start to sell their coin ( newbies will sell due to Panic and traders who are experts will sell Because they will buy at low price again ) .
So this ways made bitcoin easily dump , but in Actual who are experts are really making lots of profit in This field easily .
And also positive news gives better pump to the price of bitcoin , fir example if we will see towards the legalisation news when start to run in the social media then price star to get stability and slowly slowly get up .

khurramshah

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The most important factor which affect the price of any commodity or ny currency price just like bitcoin is the demand and supply when demand of bitcoin is increased the price of bitcoin increased and vice versa other factors also affect the price of bitcoin just like any bad news bitcoin is digital currency so the hacking of accounts can affect the price of bitcoin

Crystacool

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Quote from: shultz1994 on March 24, 2018, 01:10:30 PM

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

I think the main thing that affects bitcoin prices is supply and demand. When more people buy bitcoins, its price falls, and when the number of people selling bitcoins exceeds the purchase price, its price falls. The quality of some news will affect the supply and demand.

cmacwiz

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Quote from: shultz1994 on March 24, 2018, 01:10:30 PM

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

Bitcoin is world first crypto currency. Many factors influence the market price of Bitcoin. Due to its decentralised nature no single person or authority control its market price Wink

. Media hype highly influence its market price. some time good news about it increases its price and some time the bad news decrease Bitcoin market price. Second thing is government. Government regulations mostly influence its price. Many big companies and organisations also influence its market price. Bitcoin price is mainly depends upon its exchange rate with a country own currency.

DoublerHunter

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Some of the factors that can affect the price of bitcoin is the demand and also the news about bitcoin, those two are very powerful in affecting the price because when the demand goes down then it is easy to tell that the price will go down also because the supply will increase and it will not be enough to sustain the high price because the asking price will be lowered and also the news is a very powerful because the cryptocurrencies are very vulnerable to that.

iamdebby_23

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I guess investments play one of the biggest roles when you talk about the stability of bitcoin. The volatility which could come as a result of different factors such like negative feedback, bad publicity, economy and politics are just a few that could trigger a bad mark.

Cengghengmania21

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Quote from: btc-facebook on March 28, 2018, 12:58:17 AM

Quote from: Cengghengmania21 on March 28, 2018, 12:54:03 AM

Bitcoin prices depend on several factors, one of which is market demand and social media coverage of bitcoin development. And many countries that do not want to use bitcoin as a means of payment can also affect bitcoin prices.

Bitcoin able cause inflation because the value too high and it can be use for criminal attempt so that's why my government forbid it.
I imagine if one day my government also legalize bitcoin, I'm sure bitcoin value will increase higher than current value but I understand their decision in order to protect civilian

Obviously if your government legalizes bitcoin is good news for everyone in your country. And the reason your government does not allow bitcoin to keep its own currency in order not to weaken.

qwerty12

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I think, that affects the price of bitcoin in general is Speculation of Traders.

Is not secret if the number of Bitcoin users who make it as a trading asset more than those who actually use it as a medium of exchange. This is because the relevance of Bitcoin itself is still minimal, so its use has not been spread and familiar among the wider community. For example, you may find it difficult to find a nearby store that accepts payments with Bitcoin. As a result, many users then prefer to use Bitcoin as a trading instrument in investment activities.

Since the trader's primary goal is to profit from the Bitcoin price fluctuation difference, they are the fastest responding to a global issue. Whether materialized in a buy or sell action, the act that is often speculative is obviously a big influence on Bitcoin price volatility.

mOgliE

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Hi,

The number of factors affecting prices is huge. And I think it is impossible to measure the "weight" of each factor. You can think, of course, about annoucement effects from large compagnies or government of countries in which the community is large, but also economic situation worldwide, period of the year or even "trends" steming from an influential speaker (whether he/she has a link with crypto or not).

So it is hard to know what currently affects the bitcoin and I think it is even harder to make a comprehensive list of potential factors! Wink

mitchel_am

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One of the mains factor in bitcoin's price decrease is the negative advertisement about bitcoin. When people hear that some country banned bitcoin they tend to sell their holdings and this leads to the decreasing

emezh10

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Quote from: shultz1994 on March 24, 2018, 01:10:30 PM

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

Like any other investment in the market, Supply and demand plays a very important role in the price movement of bitcoin, add up other factors like news forecasting. Speculations and media intervention affects the decision of the big players. It sometimes lead to panic selling or buying of bitcoin. Since this technology is related to economics and marketing, world economic occurrences may affect bitcoin's price.

Aufar

sr. member

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There are many factors that influence Crypto's market circulation. especially on the prohibition factor in some countries, you can see what happens last this one country ban can make the market down, but it will not last long.

Usually Bitcoin can survive and grow. but in the last three months, many restrictions have occurred. and now Bitcoin is trying to survive.

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