Topic: What moves bitcoin price? - page 7. (Read 7529 times)
The price is news driven at the moment. When there is good news, the price will rise. vice versa.
people interest in bitcoins
At present, the bitcoin price is moved by news mainly. Any news about adoption will increase the price.
i believe it depends on a wide variety of reasons such as the interest of people and economical happenings in the world
No serious players so far, mostly speculators and manipulators. If there are more people who understand why bitcoin is much more superior than fiat money, then situation will be totally different, but it takes lots of effort for anyone to understand that, maybe decades or never
The media exposure of bitcoin is not a lot. In 2000 and a few years later, there were many TV ads about internet companies such as Amazon or ebookers.com. They used traditional bill post. So many people saw the ads on road. There are not many bitcoin servicing company facing the general public. We should build the infrastructure around bitcoin so it can be accepted by most people.
We must establish trust and knowledge. These two things are essential when it comes to convincing new people to step into Bitcoin just to try and experience the benefits. There is already plenty of infrastructure available. We just need to convince the average joe's to make use of it.
No serious players so far, mostly speculators and manipulators. If there are more people who understand why bitcoin is much more superior than fiat money, then situation will be totally different, but it takes lots of effort for anyone to understand that, maybe decades or never
The media exposure of bitcoin is not a lot. In 2000 and a few years later, there were many TV ads about internet companies such as Amazon or ebookers.com. They used traditional bill post. So many people saw the ads on road. There are not many bitcoin servicing company facing the general public. We should build the infrastructure around bitcoin so it can be accepted by most people.
No serious players so far, mostly speculators and manipulators. If there are more people who understand why bitcoin is much more superior than fiat money, then situation will be totally different, but it takes lots of effort for anyone to understand that, maybe decades or never
While Chinese market has major impact on BTC price, it is not the only factor, and it is not like China has monopoly and owns bitcoin.
Bitcoin is influenced by overall economic situation of the markets, bad or good news, whales who tries to earn by pumping and dumping and god knows what else.
Bitcoin is influenced by overall economic situation of the markets, bad or good news, whales who tries to earn by pumping and dumping and god knows what else.
Mostly this.
Supply and demand, china sometimes, gox and bad news moves price really fast
I forgot about Gox and China. When Gox announced the hack and bankruptcy the bad news moved the price immediately down big time. Bad news of China's first bitcoin ban also crashed the price, but news of each successive ban is having less effect because we know they aren't serious bans now.
Supply and demand, china sometimes, gox and bad news moves price really fast
Bitcoin price depends on supply ad demand , that means when there are a lot of buyers the prices rises and vice versa
Bitcoin price is very volatile and has seen some large fluctuations Since its inception in 2011 when you could buy bitcoin few cents Since that bitcoin price raise every year and day. Now according to today's rate its 336.90$ as you said because demand also its going for price globally Just like the stock market is moved by good and bad news, Bitcoin market gets moved as well by the good and bad news.
Stock market as well gets moved by the speculation just like Bitcoin market does. The only thing is that Bitcoin market is much smaller so we can sense this much faster. Stock market is bigger and this is harder to notice.
In a sense, Bitcoin market and stock market are very similar!
Stock market as well gets moved by the speculation just like Bitcoin market does. The only thing is that Bitcoin market is much smaller so we can sense this much faster. Stock market is bigger and this is harder to notice.
In a sense, Bitcoin market and stock market are very similar!
A Bitcoin exchange getting hacked, or a dark market exit scam moves the price. If enough bitcoins have been stolen there is a huge crash after the bad news gets out. The bitstamp hack and evolution dark market exit scams both resulted in huge crashes after the bad news got out.
Though i don't know much about the trading stuff, but i strongly think that any good news and more buy orders than sell orders increases the demand of bitcoins on exchange , which pushes the bitcoin prices up.
The more bitcoin buyers there are the more it will increase (demand)
China has somewhat to do with it, not exactly sure how but if someone could explain this to me, that would be awesome and i'd learn another new thing today!
China has somewhat to do with it, not exactly sure how but if someone could explain this to me, that would be awesome and i'd learn another new thing today!
good news move it, china move it but only if there reason to move it, it could be because of the mining(the halving) or because of the good news about trading in china
Just like the stock market is moved by good and bad news, Bitcoin market gets moved as well by the good and bad news.
Stock market as well gets moved by the speculation just like Bitcoin market does. The only thing is that Bitcoin market is much smaller so we can sense this much faster. Stock market is bigger and this is harder to notice.
In a sense, Bitcoin market and stock market are very similar!
Stock market as well gets moved by the speculation just like Bitcoin market does. The only thing is that Bitcoin market is much smaller so we can sense this much faster. Stock market is bigger and this is harder to notice.
In a sense, Bitcoin market and stock market are very similar!
I don't know 100% how it moves. But as long it increase I am find with it.
For stock exchanges, situations like what happened in Paris with the terrorism attack,means changes in the prices of the stocks, but due to bitcoin is kind of different, for you, what do you have to be in mind when you speculate about the price? I mean, what type of news or kind of doings, you have to keep in your mind to get winner in the bitcoin transactions?
Trading is the same, whether it's stocks, commodities, currencies.. etc. There's buyers and sellers, pumpers and dumpers, bulls and bears, etc, etc... The rest is mostly market noise.
You of all people should know this.
For stock exchanges, situations like what happened in Paris with the terrorism attack,means changes in the prices of the stocks, but due to bitcoin is kind of different, for you, what do you have to be in mind when you speculate about the price? I mean, what type of news or kind of doings, you have to keep in your mind to get winner in the bitcoin transactions?
at the moment the order of magnitude of real feasible movement, not the silly unrealistic and unexplainable spikes and drops.. is:
1) cost to create -mining costs due to difficulty rises and reward halving
2) exchanges becoming easier to get FIAT into them
3) population growth.
a few people might say the order is wrong. but when you look historically at things like the rise from $12-$200, the majority of that was due to last reward halving.
the spike of $200-$1000, was initially when mining difficulty shot up (first Terrahash miners hit the scene)(followed by china speculation which burst soon after).
and this years change from the $200+ rise, is helped by media and exchanges drumming up new users.
For stock exchanges, situations like what happened in Paris with the terrorism attack,means changes in the prices of the stocks, but due to bitcoin is kind of different, for you, what do you have to be in mind when you speculate about the price? I mean, what type of news or kind of doings, you have to keep in your mind to get winner in the bitcoin transactions?
I think news about big demand in arrive. Like the last one from China. Were some days before that the price of bitcoin in Chinese exchanges were higher comparing to the others worldwide. One good speculator can find this a signal for probable increase of price because this demand can continue for several days. So try to speculate or to buy. I don't know if someone did this and for sure not me because I am not a trader. But wanted to tell with this example that the possible increase of the demand can affect primarily the price of bitcoin. i don't see any other kind of events which can move it. The flow at the market is stable. I don't think that can be someone who can have amounts of bitcoins which, if introduced in the market, can move the supply in such amount that can affect the price.
At the last bitcoin is out of the interest of various authorities and economies. It is to few to affect the last ones. Even some Governments/Central Banks have fear and have banned it.
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