Topic: What factors make Bitcoin rise again? - page 11. (Read 2432 times)
Whatever is responsible for this sharp rise should be sustained and continue to rise. Bitcoin has been down for the past 6 weeks which is not too good. I believe one of the reasons why bitcoin is now rallying is the Germany government policy and accepting cryptocurrency.
I think there are many reasons for the price increase of Bitcoin, which includes buying whales and raising prices. Besides, I think the time has come for Bitcoin to grow again and will continue to grow in the future
I think the most influential factor for bitcoin prices to rise again is the increased public confidence in the crypto currency. When public confidence rises, more and more people are active in the crypto currency market. Supply and demand for bitcoin will be more crowded so that the price is happening more stable. If the market is more active and crowded then more and more people are interested in crypto currency especially when we have proven to profit significantly through our bitcoin.
Best way is for investors to come and guarantee of bitcoin will move up. Proper advertisement and government to support it. With the government supporting it for sure investors will have trust with bitcoin and market will recover for crypto currency. I have mentioned that proper advertisement will also help since in some countries bitcoin had a rough start and the introduction of it was badly ruined specially it's reputation because of scammers.
The biggest factor affecting bitcoin prices is demand and stock, this is because pure bitcoin embraces a decentralized system so no one can control, if demand increases then automatically the price will rise, whereas if the price drops when stock is too much and demand decreases.
More buyers. Bitcoin price goes up.
More sellers. Bitcoin price falls.
do you think only the volume of purchases and sales volume that could affect the volatility of bitcoin?More sellers. Bitcoin price falls.
I think your comment does not match the condition of bitcoin today. topic makers ask about more specific, why today bitcoin rises?
if you see, that today there is no FUD, no panic, no hacking exchange, and a lot of support from some big investors.
Bitcoin prices rose sharply today, climbing past $7,000 and rising to their highest since June as strong momentum drove gains.
The digital currency's price hit $7,440.25 on the CoinDesk Bitcoin Price Index (BPI), up 11.7% gain from the daily low of $6,663.03.
Link: Bitcoin surge: multiple factors contributing to the rally?
What factors make Bitcoin rise again? Will it continue to rise?
it is no longer a secret anymore if at the end of each year bitcoin always rise in price. Maybe this year will start in August, and because already many people know this then people will compete to buy bitcoin at the cheapest price in this month to get the benefits later. Look at it later, but that does not mean the price will always go up, of course to reach ATH requires several times the correction.The digital currency's price hit $7,440.25 on the CoinDesk Bitcoin Price Index (BPI), up 11.7% gain from the daily low of $6,663.03.
Link: Bitcoin surge: multiple factors contributing to the rally?
What factors make Bitcoin rise again? Will it continue to rise?
Its just a mere speculation. There is no solid proof that will make its price every end of the year aside from chart. I believe that this is cause by news about speculations. Last year of August, bitcoin price goes up because of the fork coming and there is no news something like this that could make its price soar this upcoming August.
the factor that can make bitcoin bounce back is, more purchases than sales and positive news, so when bitcoin decreases, it's better to hold it, because it will help the bitcoin not to fall lower.
probably the most influential factor and can make bitcoin prices rise is by the number of investors or demand to buy and invest in bicoin so that bitcoin prices will rise again and many are looking for bitcoin
Factors that make bitcoin rise again is more buyers, so that bitcoin will rise. maybe sometimes just wait for the time until the value of bitcoin will rise like what happen last December in which the value of bitcoin became high.
The price of bitcoin is derivate from many factors, the one that comes from my mind are:
Fight between stakeholders about the Bitcoin scaling issue
A Huge volume of transactions on trading exchanges
Geopolitical events and corrupted governments
Bitcoin is limited in numbers and more people are eager to get a piece of the pie, this increase the rarity of this cryptocurrency.
Fight between stakeholders about the Bitcoin scaling issue
A Huge volume of transactions on trading exchanges
Geopolitical events and corrupted governments
Bitcoin is limited in numbers and more people are eager to get a piece of the pie, this increase the rarity of this cryptocurrency.
bitcoin will rise in price again if the government supports and receives bitcoin and many investors are buying and investing in bitcoin so that when the demand is high then bitcoin prices will rise again
Of course supply and demand determines price - price being basically where the supply and demand curves intersect. What makes the price go up and down is that the slope of these curves (and hence the point where they intersect) changes depending on the market environment.
What causes the volatility in the price ie: the variance and the randomness in its movement, and what I guess the question is really after, is market liquidity. This is basically the ability to get a deal done. Or more accurately the difference in price expectations between buyers and sellers. The more buyers and sellers in a market at a point in time the more competition there will be to get a deal done and the closer price expectations will be. Fewer buyers and sellers in a market mean a small imbalance will quickly push the price up or down.
What I really, really think the question is after is what affects liquidity at the moment. Would love to see some real-money data on this but I suspect the proportion of speculative btc buys and sells vs those facilitating actual exchange of products and services is currently just huge. That and the lack of a derivatives market.
What causes the volatility in the price ie: the variance and the randomness in its movement, and what I guess the question is really after, is market liquidity. This is basically the ability to get a deal done. Or more accurately the difference in price expectations between buyers and sellers. The more buyers and sellers in a market at a point in time the more competition there will be to get a deal done and the closer price expectations will be. Fewer buyers and sellers in a market mean a small imbalance will quickly push the price up or down.
What I really, really think the question is after is what affects liquidity at the moment. Would love to see some real-money data on this but I suspect the proportion of speculative btc buys and sells vs those facilitating actual exchange of products and services is currently just huge. That and the lack of a derivatives market.
for me the factor behind the bitcoin rise is the legality of this coin if countries allow bitcoin in the Africa Asia and Europe fully allow bitcoin the price will boom and bitcoin will rise at record level.
Positive news = Increased interest in the tokens = higher demand = higher price. It is as simple as that. Bitcoin is pseudo anonymous, so we will never know who is buying a lot of coins and where this higher demand is coming from, because a lot of these coins are not bought on exchanges where people are identified.
Prices are also influenced by people who are buying coins on other platforms, because these volumes reduce the overall supply of coins in circulation.
Prices are also influenced by people who are buying coins on other platforms, because these volumes reduce the overall supply of coins in circulation.
I think the factors that makes bitcoin to rise is when the number of population that are investing in bitcoin will increase or there is a high demand of bitcoin in the market.
I think the quatity of the costumer will make bitcoin rise again. just like in business the more the costumer the more the income. it is not impossible for this age of technology today. even teenagers can be a millionaire because of bitcoin. referal of friends can attract more. it is old but effective style.
this is a game of demand and supply. bitcoin falls was initially started from the day of china ban. after than indian ban is also afftected a lot. infact there are more buyers in india then usa while it is not much popular in india.
case is in indian apex court regarding ban of rbi in india. if it comes positive then that will be a huge win for btc market.
case is in indian apex court regarding ban of rbi in india. if it comes positive then that will be a huge win for btc market.
I think the high buying and low selling factors can be one good factor to raise the btc price. at some time ago many issues that resulted in many btc holders experiencing panic sell and decline, maybe this is a sign if bitcoin will rise.
What factors make Bitcoin rise again? Will it continue to rise?
Most of the time bitcoin fall because of the bad news about it some of the reason this year is the scam in the Philippines and other country you can search the thread about it that affect's bitcoin a lot, another reason is many holders this year has no deep understanding about it when they started to panic they sell their BTC at lower price.The answer to your question is that spread good new's about bitcoin give other people knowledge about it and hold your bitcoin.
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