What influences the Bitcoin marketplace? - page 2.

traderMax

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Quote from: Skarner21 on January 10, 2017, 03:53:02 PM

Quote from: traderMax on January 10, 2017, 03:47:54 PM

Quote from: ikydesu on January 10, 2017, 05:37:25 AM

Quote from: traderMax on January 07, 2017, 07:09:32 PM

The currencies of the world are affected by many different parameters such as politics, economy, wars. The value of the money also shows up and down according to these parameters.

What are the parameters that affect bitcoin?

Because such currency is centralized, which means everything factors about the country/government also van affect the currency market.
Bitcoin is different because it's decentralized, and otherwise bitcoin comes when the country have bad economic system, such Venezuela recently.
Also like other currency bitcoin influences by demand and supply, but because the supply is limited, it's could be manipulate by whales/dinosaurs (people who have a lot coins / people who already mined bitcoin & have a lot coins).

As you said yes, bitcoin is not influenced by the current political structure of the world because it is not a central system. Bitcoin is only valued according to people's demands and is affected positively or negatively by the news about bitcoin. There are also very few people who use bitcoin when we look around the globe. Bitcoin is somewhat independent of the world economy.

For now they are few users of bitcoin.. we seen that more adoption is always come like in brazil they are accepting bitcoin as payment locally and paris has 20 stores locally are accepting bitcoin as payment that can influence other people to use bitcoin to increase value..
The bad effect those who are experience of scam are treaten bitcoin as scam and heard that bitcoin uses for illegal activities because of anonymity..

The use of bitcoin in illegal activities is not a problem of bitcoin. Malicious people can use it for illegal activities in other payment systems after they request it.
When compared to other payment systems, Bitcoin offers a much more transparent system.

Xester

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Actually all of the things you mentioned has impact on bitcoin in the market place. For example politics, they say has no impact on bitcoin because it is not centralized but politics has a large say on bitcoins. If the politicians agreed among themselves that bitcoin is to be banned across their country then it will greatly affect bitcoins price in the market.

Skarner21

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Quote from: traderMax on January 10, 2017, 03:47:54 PM

Quote from: ikydesu on January 10, 2017, 05:37:25 AM

Quote from: traderMax on January 07, 2017, 07:09:32 PM

The currencies of the world are affected by many different parameters such as politics, economy, wars. The value of the money also shows up and down according to these parameters.

What are the parameters that affect bitcoin?

Because such currency is centralized, which means everything factors about the country/government also van affect the currency market.
Bitcoin is different because it's decentralized, and otherwise bitcoin comes when the country have bad economic system, such Venezuela recently.
Also like other currency bitcoin influences by demand and supply, but because the supply is limited, it's could be manipulate by whales/dinosaurs (people who have a lot coins / people who already mined bitcoin & have a lot coins).

As you said yes, bitcoin is not influenced by the current political structure of the world because it is not a central system. Bitcoin is only valued according to people's demands and is affected positively or negatively by the news about bitcoin. There are also very few people who use bitcoin when we look around the globe. Bitcoin is somewhat independent of the world economy.

For now they are few users of bitcoin.. we seen that more adoption is always come like in brazil they are accepting bitcoin as payment locally and paris has 20 stores locally are accepting bitcoin as payment that can influence other people to use bitcoin to increase value..
The bad effect those who are experience of scam are treaten bitcoin as scam and heard that bitcoin uses for illegal activities because of anonymity..

traderMax

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Quote from: ikydesu on January 10, 2017, 05:37:25 AM

Quote from: traderMax on January 07, 2017, 07:09:32 PM

The currencies of the world are affected by many different parameters such as politics, economy, wars. The value of the money also shows up and down according to these parameters.

What are the parameters that affect bitcoin?

Because such currency is centralized, which means everything factors about the country/government also van affect the currency market.
Bitcoin is different because it's decentralized, and otherwise bitcoin comes when the country have bad economic system, such Venezuela recently.
Also like other currency bitcoin influences by demand and supply, but because the supply is limited, it's could be manipulate by whales/dinosaurs (people who have a lot coins / people who already mined bitcoin & have a lot coins).

As you said yes, bitcoin is not influenced by the current political structure of the world because it is not a central system. Bitcoin is only valued according to people's demands and is affected positively or negatively by the news about bitcoin. There are also very few people who use bitcoin when we look around the globe. Bitcoin is somewhat independent of the world economy.

ikydesu

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Quote from: traderMax on January 07, 2017, 07:09:32 PM

The currencies of the world are affected by many different parameters such as politics, economy, wars. The value of the money also shows up and down according to these parameters.

What are the parameters that affect bitcoin?

Because such currency is centralized, which means everything factors about the country/government also van affect the currency market.
Bitcoin is different because it's decentralized, and otherwise bitcoin comes when the country have bad economic system, such Venezuela recently.
Also like other currency bitcoin influences by demand and supply, but because the supply is limited, it's could be manipulate by whales/dinosaurs (people who have a lot coins / people who already mined bitcoin & have a lot coins).

housebtc

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From the look of things in recent years, I will say Chinese market dictate the price of Bitcoin, the recent pronouncement from the PBOC make the market price dropped by 25%, also the influence of Chinese miners cannot be underestimate and their move in blocking the SW

densuj

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Quote from: traderMax on January 07, 2017, 07:09:32 PM

The currencies of the world are affected by many different parameters such as politics, economy, wars. The value of the money also shows up and down according to these parameters.

What are the parameters that affect bitcoin?

The parameters that affects bitcoins are developers of coins, innovations of developers, mass adoption, comunity support for better of bitcoins in the future.
Investors who put the money on bitcoin and blockchains technology of bitcoins, it is part fundamental of bitcoins and that are affects to bitcoin will be survive or not.
But for movement bitcoin's price is short term, it is depend on the most traders and speculator.

bitbunnny

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At first demand and supply, then regulation or lack of it, some interest groups and combination of all this together. Probably the adoption too and how the people use it and in what extend. Could be also the current relation to fiat currencies.

audaciousbeing

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Several reasons can be adduced to have influence bitcoin in the market place and I would say one factor will not be totally responsible because for a large market like bitcoin then its going to be mirage of factors which I identified in my own way:

1. The forces of demand and supply will go along way to influence it

2.Another one which is not too obvious is the issue of speculation, this has proven to have been obvious where some exchanges will be trading at a price forcing other exchange sites to follow.

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Quote from: Rocarlos on January 09, 2017, 12:46:41 AM

That is correct, Guy. I see that People's demand is rising up highly and it is tending common to all classes in society. I think if bitcoin has appropriate laws for bitcoin, It will quickly become a central digital currency in the future.

bitcoin is just a curreny nor a goverment that can make an appropiate laws, some countries maybe can but limited in their regions and ofcourse they're not going to do it, it is as the same as giving up their economy
and even with a law doesn't guarantee bitcoin will be that easy to be a central digital currency in the future

Mugamer

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Quote from: traderMax on January 07, 2017, 07:09:32 PM

The currencies of the world are affected by many different parameters such as politics, economy, wars. The value of the money also shows up and down according to these parameters.

What are the parameters that affect bitcoin?

Firstly, I think about the Legality of bitcoin. It is a basic thing to accepted by all governments as a digital currency or not? Just saying about it , this is a big influence to bitcoin market place.
Secondly, Many people in the world started to know and use it as digital currency for trading, investing and purchasing. with big community like this, it is a important influence to bitcoin market place.
Thirdly, The facttor of inflation, weak economy, wars are also the main reasons which influence the botcoin marketplace.

coinplus

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Quote from: traderMax on January 07, 2017, 07:09:32 PM

The currencies of the world are affected by many different parameters such as politics, economy, wars. The value of the money also shows up and down according to these parameters.

What are the parameters that affect bitcoin?

Same parameters. Because bitcoin is just another money but not bind one particular country. So, bitcoin get affected by policies of each and every country which are directly or indirectly influencing bitcoins. Similarly all economic events are affecting bitcoin price levels.

The only big difference is a fiat is majorly getting affected by one country and bitcoin is influenced by almost all countries of this world.

Amph

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supply and demand, but china play a big role in manipulating the market, because they control the mining activity and they invested a lot in cash, they also are far great in number than other in the world

this mean that their influence will have a greater effect, then you have the panic sellers and dumpers which follow the trend, and magnify the trend in play

Kasabus

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Quote from: botany on January 08, 2017, 09:08:34 PM

Bitcoin is driven too much by speculators these days.
We will have to wait a long time before you can link Bitcoin's value to fundamental factors.

The speculators are the voice of the people, we speculate that bitcoin will be more popular in the future, hence it will make the price increase to earn profit from our investment. As investors of bitcoin, getting ourselves educated with the recent happenings is necessary, it will help us to make the right decision when to buy and sell.

Rocarlos

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Quote from: alani123 on January 08, 2017, 06:43:47 AM

Bitcoin markets are influenced by demand. It's likely that all price rises have in some way or another been influenced by large players, that urged more traders to chip in by manipulating prices. The more recent rally created a perfect playfield for market manypulators as it's obvious that big players were the ones that crashed the market by cashing out. See Image:

http://i.imgur.com/44Sy89W.png
Isn't that one of the greatest sell offs in bitcoin's history? And to think that the build up to it was more of a collective rise, whales made too much money from this rally.

That is correct, Guy. I see that People's demand is rising up highly and it is tending common to all classes in society. I think if bitcoin has appropriate laws for bitcoin, It will quickly become a central digital currency in the future.

Yakamoto

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A lot of the influences come from the Chinese economy having an effect on the Chinese exchanges, and whales effecting the exchanges.

That's most of what happens, but there are some other things that happen here and there that have a profound effect. Some events, like Trump's election, had an effect on the market, if I'm remembering correctly.

icecube45

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Quote from: legendbtc on January 08, 2017, 01:08:49 PM

Quote from: icecube45 on January 08, 2017, 04:13:56 AM

I think policy of the law to use bitcoin in some countries also influence the market bitcoin. Because legal and illegal bitcoin in some countries it is influence the market. If legal it would be easier for people to use so that the market will increase, whereas if the illegal it would be harder for people to use so the market will be difficult to increase. So the government regulations in each country influence. Other than that I think buying and selling also affects the bitcoin market.

Even many countries are not completely accepting how can we say that bitcoin is legal, it completely depend on supply and demand when ever user hold the bitcoin and many other wants to buy bitcoin in this automatically the price will increase.

Well there is many countries do not fully accept bitcoin does not mean they are declares illegal. As in my country do not accept bitcoin is legal but they allow using bitcoin with caution and own risk. If bitcoin recognized or be legal in some countries it will make people easy to believe, so that supply and demand will continue to increase. This is basically the same as you say, and I totally agree with you.

botany

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Bitcoin is driven too much by speculators these days.
We will have to wait a long time before you can link Bitcoin's value to fundamental factors.

legendbtc

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Quote from: icecube45 on January 08, 2017, 04:13:56 AM

I think policy of the law to use bitcoin in some countries also influence the market bitcoin. Because legal and illegal bitcoin in some countries it is influence the market. If legal it would be easier for people to use so that the market will increase, whereas if the illegal it would be harder for people to use so the market will be difficult to increase. So the government regulations in each country influence. Other than that I think buying and selling also affects the bitcoin market.

Even many countries are not completely accepting how can we say that bitcoin is legal, it completely depend on supply and demand when ever user hold the bitcoin and many other wants to buy bitcoin in this automatically the price will increase.

boyptc

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Quote from: alani123 on January 08, 2017, 06:43:47 AM

Bitcoin markets are influenced by demand.

Yes that influences the marketplace of bitcoin. So when there is a big demand for bitcoin, that is impacting the price to increase. But since we all know that there are big people / groups behind this. Better to ask who influences the bitcoin marketplace. Just look what happened when the price of bitcoin is on ATH this new year but it suddenly crash because of the Chinese traders.

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