What's the reason behind increasing or decreasing price of bitcoin daily?

equator

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Quote from: Cactushrt on December 16, 2016, 09:33:10 AM

The main reason why bitcoin is increasing or decreasing because of the demand and supply. I wonder also why the price of bitcoin increasing because many of us use it to pay for such online jobs with less hassle and taxes.

What you are telling is well know by most of them, but their is also some reasons are their are so many altcoin ICO are going so join them their are users who are buying bitcoin from exchange and investing in that ICO apart from that their are also so many gamblers who are gambling with bitcoins so when they are loosing it they buy more to recover their loss. So their are so many reason behind bitcoin price fluctuation, even their are so many day traders who are buying and selling bitcoins daily. So their is no one reason but lot of different reason for the price fluctuations

Cactushrt

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The main reason why bitcoin is increasing or decreasing because of the demand and supply. I wonder also why the price of bitcoin increasing because many of us use it to pay for such online jobs with less hassle and taxes.

pooya87

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Quote from: zoose on December 16, 2016, 01:21:48 AM

I also think a lot of people are speculating that Bitcoin is going to spike in vale over the next few months but I think that is overly optimistic. Some people compare Bitcoin as a safe haven hedge against global market uncertainity like Gold. But Gold's price/value has been plummeting.

whoever thinks bitcoin is a safe haven is wrong, and it probably is best if he stops investing at once. but also at the same time you can not deny the potential that bitcoin has for growth.
and it has already been showing that price tends to go up and more people are coming along more willing than ever to invest in bitcoin. and demand alone is driving the price up.

Seansky

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The main reason behind increasing or decreasing price of bitcoin daily is because of demands like others said but there are other reasons why it happens. One reasons why it happens is because of what happens daily in the crypto world. The investments on exchanges also affects bitcoins price since one needs to buy bitcoin first before entering altcoin trading using fiat from payeer etc. Also one known reason why it decrease or increase is because of whales. Those are the ones who got a lot of bitcoin and fiat to buy bitcoin.

zoose

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I also think a lot of people are speculating that Bitcoin is going to spike in vale over the next few months but I think that is overly optimistic. Some people compare Bitcoin as a safe haven hedge against global market uncertainity like Gold. But Gold's price/value has been plummeting.

x4

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Quote from: swastik384 on December 15, 2016, 02:57:06 AM

I am newbie at bitcoin and always i saw a change in bitcoin value. What are the factors that affects the change in bitcoin value? Is it also same like real money? Like if value of Gold decreases then value of US dollar increases and vice versa. Huh

As what others said, supply and demand that causes the bitcoin price increases, and it also decreases because there so many people and companies big/small accept bitcoin already, so there will always change if price but the thing is it always increase and growing.

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Quote from: swastik384 on December 15, 2016, 02:57:06 AM

I am newbie at bitcoin and always i saw a change in bitcoin value. What are the factors that affects the change in bitcoin value? Is it also same like real money? Like if value of Gold decreases then value of US dollar increases and vice versa. Huh

Price fluctuations and the so called volatility.

Bitcoin is real money literally but it doesn't mean it has the same status of volatility with fiat or any assets like gold. One factor that affects the impact of fluctuations in any kinds of assets is the people's response in the market by doing buy and sell. Bitcoin traders are always on the move 24/7 actively that's why you will noticed some drastically changes every minutes or even for a seconds in bitcoin price.

Since bitcoin can quiet be manipulated or should I say, big hoarders can create a panic resulting for a big price increase or decrease, active price fluctuations is really present in bitcoin.

hase0278

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Bitcoin's price is increasing or decreasing in price daily sometimes hourly because it is in a free market. If someone buys, then the price go up after he/she have bought all of those who are set sold by another bitcoin user. If someone sells, those who set their buy orders will get bitcoin and if all of their request have been fulfilled, then the price will go down a little. That's why bitcoin's price go up and down.

Taki

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Bitcoin is not real money and we cannot fully compare bitcoin and real money they have things alika in anyways. But also they have a lot of differences. Bitcoin price is mostly determinated by supply and demand. So more people use it the price will be higher.

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Quote from: olubams on December 15, 2016, 02:17:21 PM

What everyone will say is that its the forces off demand and supply and that's what I settle with to console myself as per my understanding of basic economics but what I am really concerned about and I am sure you will want to understand is what factor is behind the demand and supply to change? The answer to that is what quite a number of people will not be able to answer all are just guesses. So I advise, its OK not to know all the answer... Just do your and leave the rest...

Supply and Demand is the basic and overall factors which affect price, for every currency.
More specific factors, it's comes mostly from news, when media is the big weapon here, the community, since bitcoin is become grow with community, it's also the community needs to take a good development for bitcoin and when there's so many altcoin out there, it's also affect bitcoin price.

You can read this: https://cointelegraph.com/news/why-bitcoin-price-changes

olubams

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What everyone will say is that its the forces off demand and supply and that's what I settle with to console myself as per my understanding of basic economics but what I am really concerned about and I am sure you will want to understand is what factor is behind the demand and supply to change? The answer to that is what quite a number of people will not be able to answer all are just guesses. So I advise, its OK not to know all the answer... Just do your and leave the rest...

n0ne

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The reason of increase and decrease in bitcoin price regularly is due to the variation happening with the buying and selling of bitcoin in accordance to time period and increasing adoption. At times the variation happens due to panic buying and selling from big traders who circulate bulk transaction causing fluctuations.

BitcoinPanther

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The main reason behind this increase and decrease is due to the people selling and buying bitcoins. If a person sells bitcoin, it will process the buy order which is lower in BTC price than the Sell wall . If the transaction is complete then the current price where bitcoin is sold is then publish or announced to the public. And the same thing when bitcoin is being bought where it process the sell order transaction which is higher than the current price and then it will be published. Once there is an exchange of buy and sell , there will also a different price resulting to increase and decrease of bitcoin price. But when the market become bullish and sell order in the sell wall is continuously processed, then we can see a continous increase in price which mean people are buying bitcoin. And the opposite will happen when the buy wall is being processed.

This is more likely affected by News, developments, updates and possible price manipulation of whales.

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it's about having more buyers than sellers when it increase, and those sellers become buyers, and the opposite when it's dumped, it's simple as that no magic there, also you can say it's about the trend, if many see the price will increase because of good news, the price will increase even further etc...

icecube45

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Fluctuations in bitcoin much the same as real money, gold, etc. It was very reasonable fluctuation occurs in bitcoin. I think probably one of the factors that affect bitcoin fluctuate daily is the small volume of bitcoin spread across the network. As we have seen, the absolute price of Bitcoin is determined by supply and demand. If many buy Bitcoin, then the price will go up and also works in reverse. Perhaps that is one example of that affect fluctuations bitcoin.

Wandering Soul~

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Quote from: swastik384 on December 15, 2016, 02:57:06 AM

I am newbie at bitcoin and always i saw a change in bitcoin value. What are the factors that affects the change in bitcoin value? Is it also same like real money? Like if value of Gold decreases then value of US dollar increases and vice versa. Huh

NO NO NO . Bitcoin has a limited supply of 21 million unlike paper money who have billions so if the demand increases the price will also be .Since everyday many people is selling and buying bitcoins thats why the price changes everyday

This article will help you to understand the basics of bitcoin hope it helps
https://www.cryptocoinsnews.com/affects-bitcoin-price/

zoose

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Quote from: swastik384 on December 15, 2016, 02:57:06 AM

I am newbie at bitcoin and always i saw a change in bitcoin value. What are the factors that affects the change in bitcoin value? Is it also same like real money? Like if value of Gold decreases then value of US dollar increases and vice versa. Huh

Market demand. Supply. A dash of hype & a splash of FUD every now & then.

juyeoul69

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Quote from: swastik384 on December 15, 2016, 02:57:06 AM

I am newbie at bitcoin and always i saw a change in bitcoin value. What are the factors that affects the change in bitcoin value? Is it also same like real money? Like if value of Gold decreases then value of US dollar increases and vice versa. Huh

Yes that is supply and demand on the free market, you got it in one brother that is one of the reasons that affect the value of Bitcoin.

sportis

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The psychology of masses and buy/sell bitcoin can change the price daily. We know that most of the people use fiat currency as a medium of exchange compared to bitcoin. Bitcoin at most has value in exchange markets so its price change very easy compared to fiat currencies. That's in my opinion the main reason we have fluctuations of the bitcoin price daily.

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The increasing or decreasing of price of bitcoin daily is because of its transactions like trading and conversion. Its price is volatile and it fluctuates in no time. As you observe in the bitcoin chart, the value now goes high because of the supply and demand and also the effect of halving...

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