What is the most influential factor that triggers bitcoin prices to fall down? - page 12.

Unicorn_Heart

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Quote from: chrmn27 on January 26, 2018, 11:00:08 AM

Bitcoin is very volatile. It goes up and down at no time. But I started to think what causes its values to go down. These past few days, its prices are notably lower that last year's values. Last year, I believe, during the first few months, its prices are likewise low. Do bitcoin prices go down every January to February? Does it have a logical association?

The most influential for the price movement of bitcoin is the demand and supply of btc plus the time. The more people acquire/trade btc, the higher the price that it could get. Plus time has an influence also. Every year end btc booms, probably because people have more money to invest in btc. December usually is the peak, but monitor it before Christmas as some holders sell their btc to spend for holiday. The first quarter of the succeeding year also provides low returns but after that expect bitcoin price to rise again.

Bellator

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Quote from: chrmn27 on January 26, 2018, 11:00:08 AM

Bitcoin is very volatile. It goes up and down at no time. But I started to think what causes its values to go down. These past few days, its prices are notably lower that last year's values. Last year, I believe, during the first few months, its prices are likewise low. Do bitcoin prices go down every January to February? Does it have a logical association?

Every idea that was stated in this thread were very reasonable and i think everyone was being aware of the FUDs causes bitcoins price to fall down,due to different fake news that was being heard by individual that knows about cryptocurrency.For me it really affects the mindset of the society hearing false informations that made people to speculate negatively.We supposed to do something inorder to make bitcoin last a lifetime....but what happen to people and some countries banning bitcoin?
Nowadays bitcoin were slowly recovering though price is unlikely compared those past years.Lets just hope that this will continue and price will be stabilize soon.

Edward Finney

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I think most of Bitcoins historical downsides have come on the back of news about regulations. Even though in think regulations will be a positive

bib24

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I guess bitcoin value is base on supply and demand. Low supply and high demand means price increase, but if the supply is more than demand then it triggers the price to fall.

Biscutard

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Quote from: moneyangel on March 03, 2018, 06:39:36 PM

Quote from: minnerETN on January 31, 2018, 02:58:21 AM

Quote from: chrmn27 on January 26, 2018, 11:00:08 AM

Bitcoin is very volatile. It goes up and down at no time. But I started to think what causes its values to go down. These past few days, its prices are notably lower that last year's values. Last year, I believe, during the first few months, its prices are likewise low. Do bitcoin prices go down every January to February? Does it have a logical association?

There are many reasons why Bitcoin is bad news about it in many countries. Many countries began to forbid it from causing its owners to worry about the law, and they sold all that caused Bitcoin prices to start to evaporate.

Yeah, the government is the most influential factors that triggers bitcoin price to full down as the people are afraid for being jailed if they will not follow their government. Although those experts in crypto has find ways to continue their transactions but not the common people.

But there are still other factor that might change the price of bitcoin such as panic selling due to the FUD or selling because it is important due to the need of money. And i can't deny the fact that government as well might trigger the changes of all the price when some exchanges will be take down by the government but they never banned bitcoin, they just warned more people to be aware of the scams and fraud by using the crypto currency.

moneyangel

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Quote from: minnerETN on January 31, 2018, 02:58:21 AM

Quote from: chrmn27 on January 26, 2018, 11:00:08 AM

Bitcoin is very volatile. It goes up and down at no time. But I started to think what causes its values to go down. These past few days, its prices are notably lower that last year's values. Last year, I believe, during the first few months, its prices are likewise low. Do bitcoin prices go down every January to February? Does it have a logical association?

There are many reasons why Bitcoin is bad news about it in many countries. Many countries began to forbid it from causing its owners to worry about the law, and they sold all that caused Bitcoin prices to start to evaporate.

Yeah, the government is the most influential factors that triggers bitcoin price to full down as the people are afraid for being jailed if they will not follow their government. Although those experts in crypto has find ways to continue their transactions but not the common people.

hagiyatmaz

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i think there are a few reasons that everyone has accepted.
-Bitcoin supply and increasing/decreasing demand
-Regulations enforced by governments on Bitcoin transactions
-Bitcoin in news: Influence of media on garnering negative and positive publicity
-Bitcoin users and developers influence the rise and fall of price
-New technological changes to Bitcoin

Zadicar

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Quote from: NavI_027 on February 24, 2018, 07:18:53 AM

Quote from: chrmn27 on January 26, 2018, 11:00:08 AM

Bitcoin is very volatile. It goes up and down at no time. But I started to think what causes its values to go down. These past few days, its prices are notably lower that last year's values. Last year, I believe, during the first few months, its prices are likewise low. Do bitcoin prices go down every January to February? Does it have a logical association?

Well, I think the greatest factor which could affect bitcoin's price are the big whales in the market, they are the one who can potentially cause fluctuations in btc's price since they have a large number of coins to withdraw.

A single whale can be ignored but if there is something (maybe a FUD or whatsoever) who will trigger many whales to sell their coins then that will be a problem for all of us.

Possible scenarios towards on whale guys can happen specially when most of them are on having the same thoughts then it will surely affect the entire market of bitcoin together with more fuds from famous and influencial people then this is the great recipe for sudden price decline once again and once their pockets is filled they are tending to repeat the process buy just buying up and making investors to entrust bitcoin once again without even thinking that it is just really a trap.

forklif

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I think this is the impact of the government's news that bans bitcoin, which is very influential on price, they make such issues in order to play or manipulate prices.

Karavadinos

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Quote from: chrmn27 on January 26, 2018, 11:00:08 AM

Bitcoin is very volatile. It goes up and down at no time. But I started to think what causes its values to go down. These past few days, its prices are notably lower that last year's values. Last year, I believe, during the first few months, its prices are likewise low. Do bitcoin prices go down every January to February? Does it have a logical association?

As you said bitcoin is unsteady we cannot easily expect if its price is going up or down, but we kinda know the factors why its value dcreased the last few months, mostly it's because of the fees, a lot of people stopped the exchange between them because it is obviously illogical to pay 40 dollars fee for a 5 dollars transaction, however the governments have been lately trying to regulate and ban bitcoin due to its high price because a lot of people making in it an income of millions of dollars without even paying taxes.

ainunfm

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Quote from: nightmanisrightman on January 26, 2018, 12:14:48 PM

Well I would argue the most influential factor is the media because they sway the majority of the people who trade and that effects what happens out there. Apparently it is being said by the media that the person who operates CMC was to blame for Bitcoin woes of late. I mean how misinformed can you get? https://www.express.co.uk/finance/city/909634/CoinMarketCap-Cryptocurrency-price-bitcoin-ripple-ethereuem-Brandon-Chez-value

agree with it, in this time the most influential factor is media because to many holder bitcoin with diffrent mindset, when they affected by some little bad news about bitcoin they will sell all they have if just a person is okay, if many bitcoin in market will reduce it price due the high supply

pitiflin

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Market demand and supply?
Factors affecting demand :

Price of bitcoin - inverse relationship between price and quantity
Income of the consumer - More the income, more he purchases
Future expectations in price rise

Supply does have different factors but in case of bitcoin, there is no producer, so it's the total opposite of factors affecting demand are the factors affecting supply.

rosepetals

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Quote from: chrmn27 on January 26, 2018, 11:00:08 AM

Bitcoin is very volatile. It goes up and down at no time. But I started to think what causes its values to go down. These past few days, its prices are notably lower that last year's values. Last year, I believe, during the first few months, its prices are likewise low. Do bitcoin prices go down every January to February? Does it have a logical association?

My idea to this is the less demand in the market,big whales cashing out trying to manipulate the bitcoins price,dumping their bitcoins in no time..then most people do panic selling..the more dumping,the lower bitcoins price will be.Another things are the rumors spreaded that bitcoin is a scam and dying and thats make alot of holder to panic that causes alot of speculations that it might fall or end.

removebeforeflight

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Somewhat agree with your comments that Bitcoin's price would be low during January and February. This may be due to the Chinese holidays and most of the people in China cash out their investments during this season for their festival during these holidays. Apart from that there's few reasons like some negative news on Bitcoin.

NavI_027

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Quote from: chrmn27 on January 26, 2018, 11:00:08 AM

Bitcoin is very volatile. It goes up and down at no time. But I started to think what causes its values to go down. These past few days, its prices are notably lower that last year's values. Last year, I believe, during the first few months, its prices are likewise low. Do bitcoin prices go down every January to February? Does it have a logical association?

Well, I think the greatest factor which could affect bitcoin's price are the big whales in the market, they are the one who can potentially cause fluctuations in btc's price since they have a large number of coins to withdraw.

A single whale can be ignored but if there is something (maybe a FUD or whatsoever) who will trigger many whales to sell their coins then that will be a problem for all of us.

Apened

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Quote from: brotherwood12 on February 24, 2018, 06:01:57 AM

i guess the most thing factor that triggers bitcoin price is bad news , people are too panic after hear about bitcoin bad news and didnt do research for that 1st
that make the price down

Indeed, organizations or a group of whales were funding the news to make the price go down. More the big banks whose always indenial in supporting bitcoins they always says banned bitcoins or they will not going to accept it whichever i think is their own way to keep and bought at a cheaper price.

lionheart89

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Quote from: chrmn27 on January 26, 2018, 11:00:08 AM

Bitcoin is very volatile. It goes up and down at no time. But I started to think what causes its values to go down. These past few days, its prices are notably lower that last year's values. Last year, I believe, during the first few months, its prices are likewise low. Do bitcoin prices go down every January to February? Does it have a logical association?

when a lot of demand then the price goes up but if many are selling then the price will go down. I think the most influential factor that triggers the bitcoin price down is the policy of a country that forbids bitcoin so that many investors are skeptical of bitcoin.

alyssa85

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A big trigger would be the banking sector blocking the exchanges. If you can't spend your bitcoin (because merchants don't accept it) and you can't convert your bitcoin into fiat to spend, then what is the point of holding bitcoin?

So watch to see what the banking sector does. We've already seen bans on purchases with credit cards. But wire transfers are still working smoothly.

brotherwood12

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i guess the most thing factor that triggers bitcoin price is bad news , people are too panic after hear about bitcoin bad news and didnt do research for that 1st
that make the price down

XCANA

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One of the major factors that trigger price fluctuations or correction of Bitcoin is panic sell which is as a result of FUD. Although government ban of crypto currency activities could affect the value of Bitcoin to decrease significantly in some cases.

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