What major factors affect bitcoin price? - page 2.

manismanja

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Quote from: xrates on August 17, 2017, 03:36:55 PM

I am a total newbie to this forum and don't know very much about crypto currencies.

What are major factors affecting bitcoin (or any other crypto currency) price? Is this mostly supply and demand, do other factors (difficulty of mining, hash rate, etc) play significant role in bitcoins price?

I think the price movement of bitcoin is strongly influenced by the very high demand and the very limited supply and not only that for now it seems that the media can also trigger the increase and decrease of bitcoin price.

gates

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Supply and Demand are major factors, it is common for any market. Government also affecteds. When crypto is getting restricted in a one country, it affects on the whole market.

wladsem555

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I think that there are many factors affecting the bitcoin price.These factors can be regarded as economic and political. Under their influence, the demand and supply for bitcoins are formed in the market of crypto-currencies.It should also take into account the decentralized nature of this currency, the price of bitcoins is usually not controlled by any company, organization or government. But the restrictions and prohibitions of governments, as well as the legal regulation of the bitcoins, can influence the stability of the crypto-currency network in a particular country.

cloudproject

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The major factor of bitcoin price are so high is because due low supply
And with high demand of people need bitcoin in their pocket. So we know when product are so demanded will making peole want to getting more and make the price are so high

Decima human

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bitcoin price is reducing now and then because money people holding bitcoin for more profits and they holding other bitcoin related altcoin instead of trading.

rose9696

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I think the price of bitcoin will be greatly affected by the amount of investors. If the market capitalization falls sharply, the price of bitcoin will decrease accordingly.
In addition, the price of bitcoin is based on the news. We call it FUD or Fomo. The price of bitcoin will fluctuate according to the bad news or good. So update your news quickly so that you can make a profit from your investment.

MWesterweele

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Quote from: kirito1614 on April 14, 2018, 11:54:36 AM

Presently there are certain news about bitcoin all finished world which make more interest for it, and since the request has turned out to be so high the holders winds up doubtful about whether to offer or not and in the event that we are to offer it ought to be on the higher side. In other words, the interest for Bitcoin is higher than the supply of Bitcoin and that influences it to cost to go up.

There are many reasons why bitcoin drops of price. Bitcoin is volatile, it means that the price is changing rapidly and unpredictable if the price will increase or decrease. Bitcoin drops price because of the bad news spreading on the social media, and i believe that the government and big whales have part of that. Government want to kill bitcoin because they cant control it and they think that it will be their biggest competition in the future. Big whales using media to harvest bitcoin on the panic seller, so that they can get high profit when the price of bitcoin increase.

anafisa

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what major factors affect bitcoin price?

Demand (demand) and Supply (supply) on the market.
Actually physical market and digital market always influenced by basic law of Supply and Demand (Supply and Demand). If the offer is more than the demand, then the price will fall. Vice versa.

Total Number of Bitcoins and Holders.
The total maximum amount of Bitcoin is 21 million, although it is in production gradually. Currently there are about 16 million BTC and more than 14 million people have wallets with BTC. Because the amount of Bitcoin remains, but people who want to have more and more, then the price will continue to increase.

News
Lots of news that could affect the human factor (market sentiment) in the crypto currency market. For example, the news about the capture of Ross Ulbricht, the operator of Silk Road site that uses Bitcoin a lot, makes the price of Bitcoin down by 25%.

rainezerr401

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Quote from: xrates on August 17, 2017, 03:36:55 PM

I am a total newbie to this forum and don't know very much about crypto currencies.

What are major factors affecting bitcoin (or any other crypto currency) price? Is this mostly supply and demand, do other factors (difficulty of mining, hash rate, etc) play significant role in bitcoins price?

Fake news can make the prices of bitcoins to decrease drastically because those wealthy people are hoarding a huge amount of coins and if they sell all their coin in the market then the supply will increase and it will affect the price to decrease even more.

kirito1614

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Presently there are certain news about bitcoin all finished world which make more interest for it, and since the request has turned out to be so high the holders winds up doubtful about whether to offer or not and in the event that we are to offer it ought to be on the higher side. In other words, the interest for Bitcoin is higher than the supply of Bitcoin and that influences it to cost to go up.

KelvinE

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the following are some of the major factors that i think influence the price of bitcoin
1. the rate at which the coins are being soled.
2. the price that individual sellers sell to their customers
3. the nature of comments that major stakeholders like governmens, investors etc. say about the coin

Suffoc8

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Quote from: xrates on August 17, 2017, 03:36:55 PM

I am a total newbie to this forum and don't know very much about crypto currencies.

What are major factors affecting bitcoin (or any other crypto currency) price? Is this mostly supply and demand, do other factors (difficulty of mining, hash rate, etc) play significant role in bitcoins price?

I think the one factor that may affects the price of bitcoin is the demand of bitcoin on the market, for an example if the demand of bitcoin in the market is high then probably the proce of bitcoin will getting higher and if the demand is low then it will go down.

Starone1

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Quote from: rexona on April 09, 2018, 10:02:55 AM

The main factor affecting bitcoin prices, depending on supply and demand, if more demand will make, bitcoin prices are higher, but if more and more offers, it will definitely make the bitcoin price even more plummeted.

The other factors that are highly effective in deciding the overall price of the digital currencies are the economic map of the world which truly depicts the keen and steady development in terms of gross products. This has a deep effect on the buying and selling process of these digital assets and marks the actual price of coins.

JCO05

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The market demand I thjnk has the biggest influence on the market value of bitcoin. Whenever the market demand is increasjng same thing happens with the market price of Bitcoin and I do think of the same thing whenever the market demand is falling. The demand on the other hand is affected by issues such as countries who are banning cryptoexchanges.

rexona

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The main factor affecting bitcoin prices, depending on supply and demand, if more demand will make, bitcoin prices are higher, but if more and more offers, it will definitely make the bitcoin price even more plummeted.

Hitesh Ohri

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mainly the market forces has the major affect on the price of bitcoin.... the amount of quantity demanded and the amount of quantity available will affect its price

Virman01

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buyer and seller is one of the main factors of rising or falling bitcoin prices, the more demand or buyers, the greater the bitcoin price, and vice versa.
#CMIIW

KrisAlex18

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Quote from: xrates on August 17, 2017, 03:36:55 PM

I am a total newbie to this forum and don't know very much about crypto currencies.

What are major factors affecting bitcoin (or any other crypto currency) price? Is this mostly supply and demand, do other factors (difficulty of mining, hash rate, etc) play significant role in bitcoins price?

I think the investors demand on bitcoin is one of the main thing that affects bitcoin's price. We all know that bitcoin's value follows the law of supply and demand so we should expect it would go down if the demand is decreasing. This is one thing we should observe before selling or buying bitcoin, carefully observe the volatility to avoid further disappointments or regrets.

Liklopor

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I believe that the main factor that affects the price of bitcoin is the number of investors.

john20171225

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