China plays a big part in it
but also supply and demand, it depends a bunch on how much is being mined and bought/traded
Topic: What moves bitcoin price? - page 8. (Read 7535 times)
Bitcoin price depends on supply ad demand , that means when there are a lot of buyers the prices rises and vice versa
The supply of total number of bitcoin is limited to 21 million. But the daily supply of bitcoin is elastic. When the price is high, there are more people will to sell, so the supply is higer. Therefore the price is mainly dependent on bitcoin requirement.When there is more usage of bitcoin, ie higher demand, the price will be higher.
Bitcoin price depends on supply ad demand , that means when there are a lot of buyers the prices rises and vice versa
supply and demand is the most important aspect right now. at this point there are more sellers than buyers. that's why it is so hard to advance to higher price levels. after the block halving it will be completely different.
Depending amount of bitcoin maybe?
demand.
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.
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?
One word - China. Since the day one, Chinese users move the price.
Also, I expect this upcoming block halving to move the price up, big time. However, we still have a few months until this kicks in.
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?
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