What kind of global issues can move bitcoin price?

krauzzer02

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Quote from: dihari on September 26, 2016, 05:42:39 PM

Last time we see brexit doesn't give affect for bitcoin.
So what kind of global issues that can make us excite for the price?

What type of global issue do you prefer to make us excited? negative one to make thrilling speculations and opportunity to buy more because btc will probably dump? or a positive issue that will also benefit us from increasing its price? regulation issues and restriction can make some impact on the issues of bitcoin given by the fact that people tend to panic from this situations

Positive global issues can make bitcoin more costly on the other hand, it will definitely increase its fees and affect transactions speed due to its expanding community, but if you are a loyal hodler you will definitely get the most benefit of it.

waitforme

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Quote from: dihari on September 26, 2016, 05:42:39 PM

Last time we see brexit doesn't give affect for bitcoin.
So what kind of global issues that can make us excite for the price?

As many countries know Bitcoin and accept it as legal in that country, the bitcoin price will increase. The more good bitcoin information on the media also helps boost bitcoin prices.

coinman45

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World war 3, but It won't be happening. Also if internet fails and power crisis. Any of this can ruin the price of bitcoin. Small events like banning bitcoin of a country will not affect that much.

chrmn27

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Intensive prohibition of crypto currencies will do.

kimimaki

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Quote from: dihari on September 26, 2016, 05:42:39 PM

Last time we see brexit doesn't give affect for bitcoin.
So what kind of global issues that can make us excite for the price?

the state of a country's economy, regulated banking regulation by a country, political conditions in a country. of course it's the countries that hold bitcoin. such as china, korean or countries in europe. current dump and pump by big investors also affect the rise and fall of bitcoin value. maybe someday when a better blockchain technology found from bitcoin could make the bitcoin community move on to another project.

xbl1008

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well issues like wars and global health threat can be one because this things might affect the number of users in the market of bitcoin and bitcoin is solely made to serve the people in making transactions easy and fast the lost of users and miners will make bitcoins price drop and vice versa when a good news pops out bitcoin price can be crazy enough to pump so high in this matter.

sister1001

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Well, perhaps not as much as a global level, but locally, the more inefficient or arbitrary the monetary policies of a country are, the more likely are people to turn to bitcoin with a large amount of their assets.

FrueGreads

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Quote from: dihari on September 26, 2016, 05:42:39 PM

Last time we see brexit doesn't give affect for bitcoin.
So what kind of global issues that can make us excite for the price?

It's hard to say but we all saw what happened in Venezuela for example, and other countries like it, so financial crises could help boost bitcoin price, because people might search for it as a solution to the current broken fiat system. On the negative side, government bans on exchanges would bring the price down, at least while decentralized exchanges aren't a viable option for users. We saw that with China, and we are already seeing some effects caused by the South Korea fud, although in this case I don't think the ban will happen.

tonyvo2017

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I think it is the advertising of the bitcoin media. If it is the active propaganda of journalists and broadcasters, then it is a great opportunity for bitcoin to provoke higher prices. Through the communication of programs, more and more people are aware of the bitcoin and will have a lot of investors learn about it and invest a large amount of money into it. So the value of bitcoin will increase.

Lubunads

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the more clear most happended is hacked news from exchange .
almost potential got price down or up significant .

shezu007

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Bitcoin price is very amazing thing and every person have eye on price graph that what will happen in next minute.
From last few weeks price of BTC is fall to 13K$ and now still varying around 13-15k$ and user of BTC is waiting and panic that when it will again increase.
BTC price is fall because every person in the end of year will do full calculation of his income and spending and clearing their record that how much he earn and how much he spend. Due to which alot of people have done transaction of BTC due to which demand is decreased and price is fall.

ngefek berat

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The problem that can make the bitcoin price decrease is a rumor that there is someone who has a lot of bitcoin suddenly sell everything and stop relying bitcoin In getting benefits from the problem arises speculation how the fate of money in this gital after having ups and downs.

gambitcoin53

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wow, this is a crazy query, but has sense, it think one crazy answer would be a global natural disaster cause by climate change, where electricity will be devastated. we all know that when there is no electricity, every wired transactions are affected including trading online or mining, but on the more serious side, one issue that we must be prepared is the regulation of countries about the circulation of cryptocurrencies, if all country connived to put bitcoin on hold or stop it permanently by issuing a law that prohibits the use of bitcoin in any transactions, of course when no one is using it, no one would trade it. and then we are doomed. the end.

orions.belt19

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I don’t think that Brexit had any effect on bitcoin because it mainly concerned on the european union and does not entirely touch on crypto. Those affected by Brexit are those doing business within Britain and the other countries part of the EU because of the tariffs.

Quote from: mirakal on September 27, 2016, 02:52:24 AM

Based on my opinion, if a crisis will happen to a country of the major holders of bitcoin maybe we can see the price of bitcoin to drop very fast, if something happen to the economy of US, China, and UK maybe bitcoin will be dead, they are the major countries that supports the supply and demand of bitcoin.

I guess if a financial crisis occurs which would greatly affect the bitcoin users in a country that contains or controls a huge volume of bitcoin, then this may have some effect on the bitcoin price. Especially for countries like China were there is a majority of miners. Just like how if a ban will be made in countries like this, it may affect the price negatively.

viavalenttt

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Quote from: dihari on September 26, 2016, 05:42:39 PM

Last time we see brexit doesn't give affect for bitcoin.
So what kind of global issues that can make us excite for the price?

My opinion, if a crisis will happen to a country of the major holders of bitcoin maybe we can see the price of bitcoin to drop very fast, if something happen to the economy of US, China, and UK maybe bitcoin will be dead, they are the major countries that supports the supply and demand of bitcoin.

2double0

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Whenever a time will come when all the governments come ahead and decide to either start accepting bitcoins or completely block its usage, that will be the biggest issue in my eyes which will give a significant impact to its price.

pawel7777

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Quote from: kryptqnick on September 28, 2016, 02:08:32 AM

People in this thread say a lot that one of such issues is economic crisis. However, can't it be actually the opposite? I think that economic prosperity may as well move the price. If local currency becomes higher in price, wouldn't it cause more people using it and not Bitcoin? This way Bitcoin price will become lower.

What do you mean by 'local currency becomes higher in price'? Deflation? If so, that is most likely to happen during the crisis, not prosperity. Most governments aim to have a healthy rate of inflation.

asuryan180

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If there is an economic crisis or a currency crisis and people look for ways to secure their cash and look for better means of payment and that's when BTC can come and all those people will run into it.Also if someone invests huge in BTC,that also can make BTC prise rice and of course if huge amounts of people start adopting BTC,these are all scenarios that will drive BTC price up

kryptqnick

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People in this thread say a lot that one of such issues is economic crisis. However, can't it be actually the opposite? I think that economic prosperity may as well move the price. If local currency becomes higher in price, wouldn't it cause more people using it and not Bitcoin? This way Bitcoin price will become lower.

Dudeperfect

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Anything that affects USD can affect bitcoin too. I think government’s approach is another important aspect because it will be the major push to bitcoin (and other cryptocurrencies) if any government is promoting this technology.

I think next recession would affect bitcoin but it will need a deep study to determine whether it will affect positively or negatively because this is something that never happened in past so it’s interesting to see how this technology gives response to next crisis.

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