Topic: What is the main reason for the bitcoin price? - page 3. (Read 492 times)
With the advent of futures contracts, the price of Bitcoin began to fall gradually. It was only two weeks when there was a rise in the price of futures since they appeared on the exchanges. This is because the institutions now able to short Bitcoin?
- There is still many fud like many claims tether not holding enough USD in their bank account which if true can add more panic in the market.
- Different unofficial announcement about possible ban in crypto trading in asian countries
- Many whales are trying to get cheap bitcoins before pumping it hard, weak hands are selling their coins to whales because of panic
- New investors have fear of loss and they are just waiting for FOMO to kick in so they can start buying.
Just hold what you have and keep buying what you can at current correction.
The same story over and over again happening at different times since the birth of bitcoin. Looks like that saying is true, past repeats itself. I always wonder why people fail to figure out such simple things even after being repeated like thousand times. Small investors make same mistakes and whales are really controlling the whole game here. They have the greatest influence on digital market. - Different unofficial announcement about possible ban in crypto trading in asian countries
- Many whales are trying to get cheap bitcoins before pumping it hard, weak hands are selling their coins to whales because of panic
- New investors have fear of loss and they are just waiting for FOMO to kick in so they can start buying.
Just hold what you have and keep buying what you can at current correction.
I think there are several reasons for the increasing price of BTC.
1.Globally acceptance, 2.easy transaction, 3.short time, 4.no transaction limit, are some of the reasons.
Yes, BTC has many more features that's why it's becoming popular day by day. Recently it has become so popular that it's price has just boomed.
1.Globally acceptance, 2.easy transaction, 3.short time, 4.no transaction limit, are some of the reasons.
Yes, BTC has many more features that's why it's becoming popular day by day. Recently it has become so popular that it's price has just boomed.
The reason of the bitcoin price is always depend on the demand of the people who are buying and selling of bitcoins.It always depend on when the people are selling their btc like for example if they heard a FUD for sure everybody will sell their btc because they will think that the price may go down.Then everybody will follow,it will really affect the price of the btc when everybody are selling even in a very low price.
The fluctuation in bitcoin price is because big whale or company that hold huge amount of bitcoin are controlling the market. With this, they can easily do what they want as long as they are profit with it, so if one company heard issue about bitcoin regulations, most of them will be panic and try to sell some of their coin. And with this huge dip, many panic seller are trying to sell their coin and this make the fluctuation of this market always happens. The main reason is just as simple as that, no one really can change that fact, although some futures is coming out the price will stay the same if big whale stay on their place
Menurut saya sih harga bitcoin itu ,semakin banyak permintaan pasti harganya semakin menurun, dan itupula yang menyebabkan otang berlomba lomba untuk berimfestasi disaan harganya turun.
Because news or futures or ...etc^^?
Thank you for answer
Thank you for answer
IMO,I think it depends on the supply and demand on the market,if many people start buying bitcoin then a surge of price will be expected or because of the technology.While technology advances then a possible rise of bitcoins price will be an effect also.
Because news or futures or ...etc^^?
Thank you for answer
Thank you for answer
IMO,I think it depends on the supply and demand on the market,if many people start buying bitcoin then a surge of price will be expected or because of the technology.While technology advances then a possible rise of bitcoins price will be an effect also.
Possible on cost bitcoin and other cryptocurrency affected by a large number of negative news such as:
1. German financial supervisory authority (bafin) forced Berlin Exchange crypto.exchange, immediately stop activity as financial broker.
2. Japanese cryptocurrency Exchange enhance their procedures of self-regulation after breaking one of the largest companies in the country Coincheck.
3. the course of the conference nordic business forum in Stockholm co-founder of the Corporation Apple Steve Wozniak told reporters that sold all their bitcoins.
4. American regulator announced the beginning of the investigation of one of the largest exchanges, Bitfinex, and the issuer tokens USDT.
5. Someone put for sale 7,454 #btc (~ $ 82m) on the Exchange Binance.
And other news
1. German financial supervisory authority (bafin) forced Berlin Exchange crypto.exchange, immediately stop activity as financial broker.
2. Japanese cryptocurrency Exchange enhance their procedures of self-regulation after breaking one of the largest companies in the country Coincheck.
3. the course of the conference nordic business forum in Stockholm co-founder of the Corporation Apple Steve Wozniak told reporters that sold all their bitcoins.
4. American regulator announced the beginning of the investigation of one of the largest exchanges, Bitfinex, and the issuer tokens USDT.
5. Someone put for sale 7,454 #btc (~ $ 82m) on the Exchange Binance.
And other news
Because news or futures or ...etc^^?
Thank you for answer
Thank you for answer
I am pretty sure its the heavy electricity and global warming that we have done by using the extra smart computers to mine the coin!
Well, obviously bitcoin is getting its value from he investments that we have made into it since the year 2009. People are putting loads of money into its market and thus giving the up direction for it to grow. FYI: Market cap reach to ~ 200B USD + recently and thats the source from where we are getting the value of the bitcoin.
Yes, the whole thing of demand and supply applies here too.
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Because of us. Yes, we are the reason why bitcoin is getting its value. We speculate about the future uses of bitcoin hence we are ready to spend for bitcoin to hold them (as well for present applications like using bitcoins as a currency right away). So, it is getting its price.Indeed my point.
- There is still many fud like many claims tether not holding enough USD in their bank account which if true can add more panic in the market.
- Different unofficial announcement about possible ban in crypto trading in asian countries
- Many whales are trying to get cheap bitcoins before pumping it hard, weak hands are selling their coins to whales because of panic
- New investors have fear of loss and they are just waiting for FOMO to kick in so they can start buying.
Just hold what you have and keep buying what you can at current correction.
But I'm not seeing OP is not concerned about what are the reasons for the recent downfall of bitcoin prices. Still, the reasons you have mentioned are happening throughout the years but bitcoin keeps appreciating among those FUDs. So I'm not ready to bother about these things in any negative way.- Different unofficial announcement about possible ban in crypto trading in asian countries
- Many whales are trying to get cheap bitcoins before pumping it hard, weak hands are selling their coins to whales because of panic
- New investors have fear of loss and they are just waiting for FOMO to kick in so they can start buying.
Just hold what you have and keep buying what you can at current correction.
Because news or futures or ...etc^^?
Because of us. Yes, we are the reason why bitcoin is getting its value. We speculate about the future uses of bitcoin hence we are ready to spend for bitcoin to hold them (as well for present applications like using bitcoins as a currency right away). So, it is getting its price.
There are multiple factors that directly affect the price of Bitcoin with the main ones being supply and demand ratio, news and happenings around the world about the crypto industry. While the former is always a back and forth game with big sharks having their hands deep, the latter is a mixed bag of truth and false, and most of the false news is based on seemingly convincing manipulations.
Speculations affects bitcoin much either its positive or not. The demand and supply is just another thing to consider but I believe the price of bitcoin are based purely on its technology. If we see some improvements on bitcoin then the price of it will pump higher for sure.
- There is still many fud like many claims tether not holding enough USD in their bank account which if true can add more panic in the market.
- Different unofficial announcement about possible ban in crypto trading in asian countries
- Many whales are trying to get cheap bitcoins before pumping it hard, weak hands are selling their coins to whales because of panic
- New investors have fear of loss and they are just waiting for FOMO to kick in so they can start buying.
Just hold what you have and keep buying what you can at current correction.
- Different unofficial announcement about possible ban in crypto trading in asian countries
- Many whales are trying to get cheap bitcoins before pumping it hard, weak hands are selling their coins to whales because of panic
- New investors have fear of loss and they are just waiting for FOMO to kick in so they can start buying.
Just hold what you have and keep buying what you can at current correction.
Because news or futures or ...etc^^?
Thank you for answer
I think the main reasons behind the bitcoin price is the negative news from other country such as china, japan and north korea and aside of that, there are countries that ban the bitcoin currency so it affects the demand of supply. Thank you for answer
There are many reason on the bitcoin price whether it would increase or decrease. For me I think some events, promotions, rumors and maybe some whales controlling the market are behind or reason for bitcoin prices. Volatility and the demand will take effect too since bitcoins supply is limited to the growing demand of many bitcoin enthusiast keep joining crypto community everyday.
Because news or futures or ...etc^^?
Thank you for answer
itcoin prices depend on supply and demand. Bitcoins are also influenced by big country policies that allow the use of bitcoins. Many factors affect the price of bitcoin. But now I think we should invest in other types of altcoin, should not invest in bitcoin, saturated bitcoin market. Bitcoin prices will not increase in the future.Thank you for answer
I think the main reason is news background. We can notice that the price of bitcoin changes every time when we see in newspapers the reaction of different governments or big companies. For example one of the last news was that bitcoin dropped amid reports of US regulators' interest in Bitfinex and Tether
Perhaps there are more reason behind of bitcoin price. But there are some specific reasons why the price nowadays is very volatile such as panic selling and banning country and also the main reason is because some of the alternative coin nowadays is very promising and is tend to rise than bitcoin and i think thats the common reason why the price of bitcoin is very affected because more people buying altcoin rather than bitcoin.
Because news or futures or ...etc^^?
Thank you for answer
Thank you for answer
the main reason of the bitcoin price is purely from the demand and availability is very limited to make the price of bitcoin more expensive, it is in because also the miners have trouble getting bitcoin so bitcoin circulation is now very limited and the price is also higher from year to year. so that's what I can catch and I explain from the main reason for the rise in bitcoin prices.
That's right. It depends on its usage rate and how people see it either as a currency, with which they use as a purchasing medium for goods or services, or as an investment medium to be used similar to as stock, a trade asset, or an investment asset. The more people use it, which affects its supply and demand, the more its price point may go up or down depending on those aspects. For now, I think that many people are holding onto their coins that somehow affects its value; also, since many are venturing into other coins, Bitcoin's use rate is down, also contributing to its decreasing price.
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