What is the main reason for the bitcoin price? - page 4.

Idrisu

sr. member

Activity: 924

Merit: 260

Quote from: hungchenyao on January 31, 2018, 01:13:15 AM

Because news or futures or ...etc^^?

Thank you for answer Kiss

Bitcoin price is determined by the forces of demand and supply and we should be able to understand how things work in under to make profit from it. If you can go through order book and be able to interpret it you will find out that when ever the demand for Bitcoin is high the supply will also be high and when it is down the price will also be down.

magicmeyk

full member

Activity: 252

Merit: 102

I think its because other countries are banning bitcoin and people are panicking out of it. And some veterans on bitcoin are causing a fuzz and make the new comers fears of losing their investment.

00DKM@

member

Activity: 378

Merit: 10

Quote from: hungchenyao on January 31, 2018, 01:13:15 AM

Because news or futures or ...etc^^?

Thank you for answer Kiss

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.

SrEasts

member

Activity: 112

Merit: 12

Aida Service

In my opinion the price of bitcoin is due to the fact of being so easy to especulate with... in the beginning it was a brand new technology, i don't think anyone had any idea of what it would reach. At the current state due to the huge groth from last year, more and more people joined the boat, the demand increased, but the supply kept being the same. Most of those people who recently joined don't even know the technology they just heard that "bitcoin makes people rich" and they simply decided to buy some

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

In this world, everything finds its value based on the demand. There could be different demands like naturally increasing or artificially increasing demand. Bitcoin was designed to have limited number of units and its supply also in controlled manner. So, based on the availability of bitcoins and the need of people who are all looking for buying bitcoins for various purposes, people are deciding the price for one bitcoin.

This is a traditional fair system to find out value of one commodity. So, we never need to worry about bitcoin value as overpriced. Because demand alone doing this, based on considering all the circumstance.

CryptoBry

sr. member

Activity: 1008

Merit: 355

In my own opinion, there are many factors that became the basis why we have the current price of Bitcoin and one of the most important factor is that gloomy sentiment on the future of Bitcoin as a currency and as an asset. Gone are the days when people who are into Bitcoin believed that the government can never touch Bitcoin...what happened in China is one of the glowing example of the power of the government to do something to stifle Bitcoin. And for as along as we the people will not resist the power of the government to make that overreach this gloomy feeling will continue. In other words, we have already lost the excitement and that anticipation of a better world with the help of Bitcoin.

ronsaldo

member

Activity: 217

Merit: 17

i think because of the fetures

lelahkenabanned

member

Activity: 329

Merit: 10

Quote from: hungchenyao on January 31, 2018, 01:13:15 AM

Because news or futures or ...etc^^?

Thank you for answer Kiss

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.

hungchenyao

jr. member

Activity: 87

Merit: 1

Helli everybody

Because news or futures or ...etc^^?

Thank you for answer Kiss

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