3 - whale moves and trading bots triggered by whale moves.
4 - FUD
Topic: What moves the price of Bitcoin et al against the dollar? (Read 928 times)
The only thing affecting the bitcoin price is the demand and supply, but there are a thousands things affecting the demand and supply.
There are regulatory factors, economical factors, political factors, psychological factors etc.
There are regulatory factors, economical factors, political factors, psychological factors etc.
How is the price determined? Easy... supply vs. demand! It's the same as with every other stock effectively! I guess that a regulation of some big states may benefit Bitcoin when it comes to its acceptance. Most everyday people won't want to get involved with something that's not "safe", regulated, or accepted by their government.
The price is a result of supply and demand.
I guess it is the normal influence of demand and supply of BTC taking its toll.
i think that the price of bitcoin goes up with the more people holding coin for a higher value. supply and demand greatly effects bitcoins
1. Buying and selling BTC?
2. Strong v. weak dollar?
Would govt regulation be beneficial for Bitcoin or be the death of it? Thanks!
2. Strong v. weak dollar?
Would govt regulation be beneficial for Bitcoin or be the death of it? Thanks!
Well if you think about it... bitcoin reached a peak of over $1200 USD.. Then governments started creating rules and regulations, or simply throwing aside the work and just banning bitcoins.
The bitcoin price dropped almost by half within a few days. :/
These regulations affect bitcoin in the bad way, but I don't think it will lead to death of bitcoin.
Demand and what the people who want is are willing to pay.
1. Buying and selling BTC?
2. Strong v. weak dollar?
Would govt regulation be beneficial for Bitcoin or be the death of it? Thanks!
2. Strong v. weak dollar?
Would govt regulation be beneficial for Bitcoin or be the death of it? Thanks!
Well if you think about it... bitcoin reached a peak of over $1200 USD.. Then governments started creating rules and regulations, or simply throwing aside the work and just banning bitcoins.
The bitcoin price dropped almost by half within a few days. :/
bitcoin market still so tiny compared to USD dollar, I think weak or strong dollar makes few difference, and BTC falls and rises are due to bitcoin's happenings and acceptance.
I'd say it is a mixture of both buying and selling of BTC and strong vs weak dollar? That may be why it is hard to know where the price is is going short term.
1. Buying and selling BTC?
2. Strong v. weak dollar?
Would govt regulation be beneficial for Bitcoin or be the death of it? Thanks!
2. Strong v. weak dollar?
Would govt regulation be beneficial for Bitcoin or be the death of it? Thanks!
Jump to: