Topic: What is the most influential factor that triggers bitcoin prices to fall down? - page 17. (Read 2469 times)
January 28, 2018, 10:46:26 AM
Bitcoin doesn't accept templates. It is impossible to predict the behavior of bitcoin based on past periods. There are many factors that affect its price. These factors are never repeated in the same proportion. To tame bitcoin will fail. We can only adapt to his whims. It makes our life more interesting.
January 28, 2018, 10:37:03 AM
It depends on demand and supply forces, aka the market forces. Things happening all over the globe related to bitcoin also help in determining the factors. The price is relatively lower and is diminishing because of reasons like futures getting expired, rumors of South Korea banning crypto exchanges. All that matters is on how people chose to react to the market conditions and subsequently how they respond to it. If they panic, they sell and if they don't, they decide to make a more smart decision .
January 28, 2018, 10:03:07 AM
the most triggering factors affecting the bitcoin price itself depends on demand and supply (the person who buys and the selling). although bitcoin price movements are rapidly changing rapidly but market price movements can also be played by someone in order to take advantage of the situation so that they get a lot of benefits.
I'd agree that demand is really what affects price. You can see this just by looking at the variances across exchanges, South Korea and Japan consistently a few percentage numbers above global prices, and Zimbabwe always topping the list. I'd say this effect would diminish over time when people discover there are actually other places other than local to access supply. I can understand in Zimbabwe, for example, people would only trade with trusted local exchanges but as more people discover p2p marketplaces and access global traders outside of centralised exchanges, supply would become less and less of an issue.
But the influential factor that triggers dips (or spikes) is still very vague. Almost all the analyses happen post-dips, and even those seem to be disproven (didn't futures expiring two days ago not seem to have any effect, for example?). I tend to believe that the dominant sentiment can have a powerful effect on traders. When you've got about 50/50 of experts thinking Bitcoin can either go up or down, that'll have a zero nett effect. But when the whales, the signal traders and the media are together preparing for corrections, then the market simply self-fulfils those prophecies.
January 28, 2018, 09:41:14 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 triggering factors affecting the bitcoin price itself depends on demand and supply (the person who buys and the selling). although bitcoin price movements are rapidly changing rapidly but market price movements can also be played by someone in order to take advantage of the situation so that they get a lot of benefits. January 27, 2018, 01:53:46 AM
For me I think the main factor that's affecting the price of bitcoin right now is the news about the governments action on bitcoin. Recently, we have heard the news of governments either regulating or banning bitcoin and it does affects the state of bitcoin in the market.
January 27, 2018, 01:50:43 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?
Yes I think we can actually make some connection with what happened to bitcoin prices this year and last year. As at this time last year there was a lot of uncertainty in the market and I think we should expect bearish market every January and February if the samethhing happened next year. Moreover most things that happened around this time that has affected bitcoin price are regulations issues and mining fees. January 27, 2018, 01:26:37 AM
By the end of last year, the price spiked because of all the hype and the launch of CME Bitcoin futures. We have seen there is a definitive correlation between Bitcoin price and the hype that it creates when major financial players/governments make some positive announcements regarding Bitcoin.
It's all about supply and demand, comes down to what factors are influencing them. Positive announcement, price spikes, but at the same time short-term investors jump in to make some quick bucks, and then FOMO investors extend the bull ride a bit and when the price reaches a point, obviously short-term investors cash in, FOMO investors panic and there is a correction. Supply/demand/utility/media/FUD/regulations/speculation/manipulation, a lot of factors triggers Bitcoin price to fall down.
It's all about supply and demand, comes down to what factors are influencing them. Positive announcement, price spikes, but at the same time short-term investors jump in to make some quick bucks, and then FOMO investors extend the bull ride a bit and when the price reaches a point, obviously short-term investors cash in, FOMO investors panic and there is a correction. Supply/demand/utility/media/FUD/regulations/speculation/manipulation, a lot of factors triggers Bitcoin price to fall down.
January 26, 2018, 06:06:04 PM
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 demand from the market us what influences the increase on its market value the most so basically it is also the biggest factor that triggers its market value to fall. Since Bitcoin is just dependent on the demand, whatever happens to the demand will reflect on its value likewise at tjis moment wherein a country banned Bitcoin the demand fell, which negatively affected the value of Bitcoin. 
January 26, 2018, 04:18:07 PM
FUD and weak hands, people (including reputable mainstream media companies such as MSNBC) is attempting to crash the price of bitcoin through their analysts, and then there is bankers who AGAIN try to kill the price of bitcoin by calling it a fraud and then go around and buy bitcoin. People are scared of losing money in such a volatile market so they sell on the bullshit, as per usual.
SO yeah, FAKE NEWS and FUD is big behind moving markets. Plus exchange stability (hackers)
SO yeah, FAKE NEWS and FUD is big behind moving markets. Plus exchange stability (hackers)
January 26, 2018, 03:04:53 PM
I think FUD induced by just any of the major players is enough to cause a continuous downtrend. Remember, when Bitcoin price was quite bullish and it seemed it will continue that way? The question on the lips of most people was if a certain entry price was good enough to buy Bitcoin and hodl.
Now with a downtrend in the price, questions are not even asked as panic sets in and people move their money away from bitcoin. The more the price falls the more the decision to sell off is strong until a positive news comes in that will make the market bullish once more.
Now with a downtrend in the price, questions are not even asked as panic sets in and people move their money away from bitcoin. The more the price falls the more the decision to sell off is strong until a positive news comes in that will make the market bullish once more.
January 26, 2018, 02:48:23 PM
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 is no certain reason for bitcoin price to go down, it's always a different story: government regulation, ddos attack, investors and companies manipulations, etc. It is just coincidence about January. Just look at 2016 year, for instance, bitcoin price fluctuations were minor, compared to the summer of that year. It is all about demand. January 26, 2018, 02:36:47 PM
As you said that Bitcoin is very Volatile, it's volatility is due to he fact that the prices of Bitcoin vary depending on supply and demand as someone said above. One of the factor that leads to decrease in price is when a country declares transaction in Bitcoins illegal like they did in China and rumours suggest that even Korea is going to do it. When a country bans Bitcoins, people from that country try to sell them as fast as possible which is why the prices drop temporarily.
January 26, 2018, 01:23:48 PM
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 only logical association is that bitcoin is still very influenced by the Asian markets. After the initial boom in 2017, bitcoin had a big deep because of the China exchanges ban, and then it recovered. It is now having another big dip because of the same problem, but now with the South Korean governments that were also threatening an exchange ban. So basically bitcoin still shows a lot of volatility due to Asian governments regulation. This will pass however, as it did with China, and bitcoin will just keep moving forward.
January 26, 2018, 01:16:35 PM
Prices crash faster than they rise. If people believe a piece of FUD is important, combined with how fast the price is falling, that only encourages people to unload faster, causing a much greater dip.
January 26, 2018, 01:01:22 PM
There a lot of factors affecting bitcoin high and low price fluctuation, but I guess the most influential that pulls down its price is the bad news that circulating in the media that includes, countries banning exchanges and crypto, also don't forget the fakenews. January is a nightmare month for crypto, the momentum of prices are very hard to predict.
January 26, 2018, 12:58:25 PM
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?
Generally, I'd say it's a big sell order that triggers downward momentum. Could be a whale cashing out, could be an investor trying to manipulate markets, or it could be just a lot of people withdrawing from bitcoin because they hear some bad news and go into FUD mode. I don't know if there can be anything said about Bitcoin and the first 2 months of the years. They have been low overall, but I don't think correlation means causation. There probably is a reason for the low values every year. This year it could be the rise of altcoins/governments not really getting into crypto.
January 26, 2018, 12:35:13 PM
I think the rise and fall of bitcoin prices is not because of January or February ... if I read from some news, the cause of bitcoin drops is now due to the influence of a country that plays an important role in bitcoin .. they panic and start selling their bitcoin in very amount big, so it affects all countries ..
January 26, 2018, 12:26:10 PM
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?
This can not guess when the price bitcoin down or ride but about whether the market price bitcoin just down in January or February I less sure because I know how bitcoin can down anytime although.
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
January 26, 2018, 11:46:46 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?
Price is determined by supply and demand, long term supply is relatively stable so the changes are all due to falls in demand. Short term there are a variety of reasons for the recent slump:
Uncertainty over regulatory changes in South Korea and China
Bitcoin futures expire (today I believe)
Chinese lunar new year
The last one is perhaps the one that you can draw the most on in terms of a recurring pattern. The last 4 years the market has crashed a few weeks in advance of the Chinese Lunar New Year, presumably as people look to sell crypto to fund travel and expenses, it is the single biggest holiday in the world.
There are other reasons you could argue as to why the market crashes each January, other holidays like Christmas would also come in to it, as in January people are generally tight for money many may sell crypto or many may just not be in a position to buy more.
Another factors is by big whales whey can manipulate the prices by dumping the other coins like what happened with BCH,now the price of bitcoin cash fell down and the whales will keep manipulating the different coins.
Jump to: