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Topic: Why does Bitcoin jump up and down? - page 2. (Read 222 times)

full member
Activity: 203
Merit: 100
January 10, 2018, 04:56:52 PM
#6
Cryptocurrency has a volatile price, the price depends on the market needs of demand and supply. So that economic laws apply, when demand is high and supply is low then prices will rise, and vice versa.

Volatile price is needed on exchanges, otherwise it turns into a boring thing.

I think fud, rumors, news, techical things, announcements, forks, these are driving bitcoin's price.
full member
Activity: 896
Merit: 108
January 10, 2018, 04:41:50 PM
#5
Cryptocurrency has a volatile price, the price depends on the market needs of demand and supply. So that economic laws apply, when demand is high and supply is low then prices will rise, and vice versa.
newbie
Activity: 36
Merit: 0
January 10, 2018, 04:18:58 PM
#4
The growth of the industry also meters. People need Bitcoin.
newbie
Activity: 42
Merit: 0
January 10, 2018, 04:15:40 PM
#3
I think it jumps like crazy because the exchanges need it and organize all that.
yup you are right
newbie
Activity: 30
Merit: 0
January 10, 2018, 04:14:33 PM
#2
I think it jumps like crazy because the exchanges need it and organize all that.
newbie
Activity: 31
Merit: 0
January 10, 2018, 04:12:27 PM
#1
What things may influence ups and downs of Bitcoin?
Will make here a summery of your opinions.
So lets start:
1. The regulators can issue new laws which make it easier to use Bitcoin (USA, Japan, let's add some more countries).

2. As a side effect of other currencies shifts.

3. Psychological things like fud and fears, hype...

4. Real news.

5. Fake news, rumors,  etc.

6. Exchanges manipulation (dump to drop the price and then buy)

7. Natural growth of the price because the industry is developing and need BTC to function.

8. Technical things, announcements about new forks.

9. ....what else?...
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