Bitcoin Forum

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.

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.

demand.

Depending amount of bitcoin maybe?

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.

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.

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

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.

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.

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.

I don't know 100% how it moves. But as long it increase I am find with it.

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!

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

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!

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.

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.

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

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.

Mostly this.

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.

i believe it depends on a wide variety of reasons such as the interest of people and economical happenings in the world

At present, the bitcoin price is moved by news mainly. Any news about adoption will increase the price.

people interest in bitcoins

The  price is news driven at the moment. When there is good news, the price will rise. vice versa.

Yeah, interesting, what does move bitcoin price?  ???

What makes bitcoin of value?  ???

Nah I don't think so. The last pump was not backed by any news. It just went op.

Currently the price is manipulated by some big whales. In the future i am quite positive we will have btc price with is driven by news though.

your point some how right but Exactly miners are constantly mining new Bitcoins are selling them for Dollars to cover their costs. It would created a constant down pressure on the price and merchants Like Dell, Okcubid are receiving Bitcoins are selling them for profit in dollars.

The long term price is determined by the adoption of bitcoin. If there is no use of bitcoin, the price will be zero.

LONG term, adoption of Bitcoin.

 Short term, how the China market feels about it given the volumes and many or most of the BIG farms and MOST HARDWARE MANUFACTURERS are there.

One that hasn't been mentioned yet is capital controls by banks. When they start limiting how you can get at your own fiat in your own bank account bitcoin starts getting more notice. Wait until banks start trying to actually ban cash and impose negative interest rates on us. What do you do, leave your money in the bank or change it to something that avoids the negative interest rate ?

Capital controls was at least partially behind spike when Cyprus happened and recent spike due to Chinese.

News moves the bitcon price. Ultimately, the usefulness determines the bitcoin price. If there is no use, the price is 0.

This does not apply everyday. Nothing bad or necessarily good is happening right now.

I think what moves bitcoin price the most is when people are buying more bitcoins. The more demand there is for bitcoins, the higher the price will be.

At the moment I think people are trying to get in before the halving mania takes hold

It's easy to say so, but no one knows exactly what is making the price go up right now. People said in the previous rally that it was due to people who are buying before the block halving, and people were guessing the price would reach a minimum of $700. But the opposite happened. It went down very HARD after reaching $500. Whatever it is causing the current rise, it's nice :)

I believe the Chinese market has something to do with it

But overall it's the demand and supply. Also the dumping and pumping of bitcoins.

These pump and dump is too small. It does not affect the bitcoin price too much. Black Friday will have little effect too. We shall find the impact in the next few days.

I understood the previous one to be driven by chinese capital controls, however in reality there is no one reason. In large part people see price going up and jump  in too or see price go down and sell. Its like a shoal of fish all turning together

the price depends on the news and the mood of the whales. If they decide to dump the price, any good news cannot prevent that.

The price is news driven for most of the time. But it also depends on the performance of the whales and the miners.

Bitcoin being news driven is partly true. When there is some really great news, it barely affects the price. But when bad news pops up, then the price is going down. I think it will take a few more years before even bad news have no impact on Bitcoin anymore.

i think the interest of people who want to buy it and sell it

its moved by the people buy and sell orders so it means its controlled by people though of course you need to have a lot of money if you want to have any impact on the price

The new taxes in Europe is a reason why the bitcoin price is higher.

By demand and supply.

Generally, The bitcoin price is moved up when demand increases and it moves down when supply increases.

For time being, the speculation drive the price up and down. Big whales can also influence the price a lot.

I do believe there are many factors driving the Bitcoins prices. I think a good place to start could be other kinds of assets, most notable stocks, fiats, bonds, gold and oil. When this kind of assets loses value, the interest in the Bitcoins could rise, because of people always wanting to make money, then it is logical than people would invest in the assets with the biggest ROIC. The demand on the coin increases, and simply demand/supply theory says the price goes up.

Yes speculating upcoming halving must be a big drive force for bitcoin prices in recent times. Because everyone is competing to catch a good buying price. In this way those who bought around $240 levels are a definite ultimate winners already.

Yes, speculation must be a one of the prime mover of bitcoin prices. In long term everyone believes bitcoin prices will goes to very much higher prices. This is because of the capped nature of total supply of bitcoin. So with the limited supply of bitcoin prices everyone always speculate it will go to higher price definitely.

I am not convinced news is a major mover of price compared to the stock market. Take 2014 as a perfect example...sure, Gox collapsing at the beginning of the year had a major negative effect on the price, but bitcoin companies raised $315 million in VC funding that year. 

I think the market is greatly manipulated by bigger players. I think it is only logical an unregulated and volatile market will attract those types.

What moves Bitcoin price, are Bitcoin whales.

Everything else is illusion. So called 'fundamentals' are simply faerie stories that are used to 'explain' whale interventions which may be totally idiosyncratic, or indeed, the whale interventions may be timed to coincide with 'Fundamental Events', such as the pump that occured on the 2nd 7% China Stock Market drop.

'News' event occurs. Whales start Painting the Tape and ramping, market particpants put 2 and 2 together, and get 22, and pile in. Thus market rises. 'Explanation' in peoples heads is that market is rising, due to Chinese flooding into Bitcoin, but infact, the market has risen, because people believe that this is occuring, or will occur sometime in the future. Had the whales behind the CNY exchanges started dumping on the 7% Stock Market drop, then the 'explanation' would have been, 'Chinese investors liquidiating Bitcoin positions to cover losses in stock market'.

Nothing annoys me more than the volume of false paradigms that are propagated on places like this (and in investment media in general) and end up passing for reality. But buy into any of it, and you will pay the price, because far more often than not, believing in bullshit only pays off, until one day it doesn't pay off, and in spectacular fashion.

Not that dude. Its because of Adaption from the business people who are taking bitcoin as their transaction medium. And Halving making difference in bitcoin price chart  because both things will play vibrant in price chart If you see the past years.

News isn't moving the Bitcoin price unless it's very bad news. Good news has barely any impact anymore nowadays. Many people think that certain companies/startups who raise millions are good for the price. That isn't the case. None of that money is being invested in Bitcoin as coin. That's why it doesn't have an effect on the price.

There are many factors which are usually moving bitcoin prices either up or down. The basic rule for any commodity is supply and demand. Usually supply and demand will move the price for for any commodity but in bitcoin ecosystem we have constants supply for every four years. So, demand plays a big role in moving bitcoin prices.

Had the same thinking. China is the one which decides the price. Now also the china market has fallen a bit high when compared to other countries.This has lead to a decrease in the value of bitcoin. No matter who decides it should benefit humans.

Normally it would be news, but these days some new actors are active on this market.
I still think/hope some positive has some influence, since it would be crazy if we should depend on whales to move the price.

Agreed. Incidents like Mt. Gox and Silk Road should also be noted.

news has barely any impact anymore on the price. only very bad news can impact the price in a bad way. hacked exchanges, governments seizing/freezing all funds of the exchanges and such. at this point the only news that can affect the bitcoin price in a good way is when we find a solution for the block size. then you'll see a pump happen.

also i'm quite convinced that Chinese users greatly affect on bitcoin price. huge market and particularly because of the cheap development mining hardware

Unlike any other commodity, bitcoin has most influential factor for deciding it's price levels, it is network's difficulty levels. When more bitcoin miners enters into mining bitcoin then we can expect the price raise of bitcoins. The vice versa also true.

It's supply and demand theory only. Fundamentally bitcoin is similar to all other traditional things. Like any things in this world, only supply and demand moves bitcoin prices also....

If more people want bitcoin, its price will rise. It is quite simple. It is not affected by mining difficulty. If the price drop, miners will turn off their miners.

the price is purely build up on the demand, that's right. the difficulty simply adjusts itself to whatever the current price is. if there is low demand, then the result of that is a lower price, and that might result in a lower or less higher difficulty. from time to time you can see the potential difficulty increase will be 8%, if the price comes down for whatever reason, you can then see the difficulty go down from 8% to around 5%.

It also has something to do with demand and supply
Less supply and more demand means that bitcoin will rise in value.

Some of what moves the bitcoin price also has to do with stock markets.

Yes ultimately bitcoin is completely different from other commodities by having some definite supply for some particular period, which is highly different from gold kind of commodities. So, only the demand and future speculation of supply will influence the bitcoin prices.

as far as i know the people who buy and sell bitcoins regulate the price, if there is no interest in bitcoin the price will fall and if people will want to get it more and more the price will grow

There are many people that panic and sell their bitcoins and that causes most of the sudden price drops.

This might be a reason and there are even some say that due to bitcoins getting accumulated over few people the bitcoin price moves. The market strategies of china impacted the bitcoin. Likewise we are hearing various predictions.

Unlike any stockmarket, bitcoin prices cannot be pump are dumped in overnight. Because we are having exchange all over the world and the sentiment of traders all over the world will not be same. So, bitcoin prices is not influenced to buy a single trading group of people.

I feel that news and stability about the blocksize, scandals (cryptsy, bitcoin used by criminals) etc. move the price in a good measure, but there is also some influence of people/big holders buying and selling to make the price move.

A big whale can open accounts in many exchanges and buy/sell at the same time. That will affect price in many exchanges. Some people will also do arbitrage, that will also make the price change in  the opposite direction.

Usually if the issue is not too serious these orders just get absorb by the market and not felt. Developmental issues are what's worse and has the capability to really bring in new lows - like what we're having right now.

The whole economy has affected them. Also on the popularity of Bitcoin.
If it is more well-known, more people buying and selling. So the value of Bitcoin is still changing.

And there is how many people buy and sell and how many companies also accept Bitcoin.

Yes, bitcoin is rapidly spreading out to many new people around the world just like new technology. So, the demand for bitcoin is increasing rapidly on daily basis and we have constant supply of bitcoin per day. This will make bitcoin prices to move up. Demand is the prime factor for bitcoin also for price moving.

Its a marketplace just like stocks, like how people buy and sell stuff on ebay.

But the difference between stock market it has multiple products, and bitcoin exchange only has one which is the coin itself. You can say if it were on the stock market it would be under the category of commodities.

Since you can't analyze earnings or business prospects per se with bitcoin, the price of btc is very sensitive to news.  Like the recent Mike Hearn comments--that alone was responsible for at least part of the drop we've seen.  And enthusiasm for bitcoin waxes and wanes, and the buy and sell orders are always fighting each other.  That's what moves markets.  More buyers=price rise.  More sellers=price drop.

He was not donated big codes in bitcoin. He is nothing according to me. Price is pumping because of demand of bitcoin and mining level makes decision of bitcoin price. Dump is happening happening its because if less interest and less awareness of bitcoin.
After halving I guess bitcoin will stand in steady race and steady price.

Yes we need better distribution of bitcoin to stop those whale from manipulating market. Lots of people have already started lossing their trust in bitcoin trading with this ongoing manupulation.

I think the world and the economy. But China is especially important for Bitcoins.
They've been with a lot of people and they use it too much.

So they are very important for Bitcoin. But also the entire economy of course.

You cannot prevent the ordinary people to panic sell the bitcoins to those whales. They are good at play psychological war.

I do not think that world economy has nothing to do with bitcoin price, It may affect it indirectly like people will buy btc if their local currency is not stable.
What affect bitcoin deeply is News, specially bad news which drop the price to very low levels

i think that more buy orders is the main reason that push bitcoin price.

People need to stop panicking and selling their bitcoins which cause the entire bitcoin market to fall in value.

the only thing that moves it is people interest in bitcoins, if they are interested the price is growing

I think moves ,becouse poeple buying all of bitcoins and price is going higher , when people dont buying or saving later, price i going down.

The old theory in economic . DEMAND & Supply

But the real question here who is controlling the demand & supply ???

With bitcoin there is a third factor, which are the whales.
They controll every price rise, decline we've ever seen.

Like any other stock market a commodity, bitcoin also highly influenced to any good and bad news. But bitcoin reminds under alternative investment vehicle. So, it would affect in terms of price levels against stock market or currency values.

I don't think the real power behind bitcoin is news, be it positive or negative.
What we have seen is that the whales are running this show.

I think the economy mainly affects the Bitcoin, but I think mainly because the Chinese. .
Which are in fact so powerful with that and that affect the Bitcoins. But I see later what happens. We can never predict it.

Bitcoin price is influenced by Supply and Demand this is clear.
What is causing it it`s a different story. Speculation with bitcoin is well known, price can be manipulated if there is big portion of Bitcoins put on the market.

Yes, I do see many stock prices are highly influenced the by the daytraders. But due to widespread of exchanges all over the world it is not possible with the bitcoin prices. Other than supply and demand, news influence trend of bitcoin prices.

The whole economy around the world has to deal with it.
But also because China have had just Chinese New Year, it changes yet.
So all influenced each other I think.

In the long term, the bitcoin price is influenced by its usefulness. The more usage, the more adoption, the higher the price.

It depends on everthing. The most important is the american and chinese economics. I think thats the most important to move the price.
It also depends on how much people use Bitcoin.

users with selling/buying, stores when they start to accept bitcoins as payment, halving will change price too

It is many the supply and demand which will move the bitcoin price. In the next 6 months, the halving will increase the price a lot.

Yes this is true but, if you think about gold for example why gold does not have such great rises and downfalls like bitcoin? Why gold has more or less stable price..? Bitcoin is still very young and he is speculative. Fear and FUD are included in determining price in some moments.
And of course Whales!!!

china changes price, and wait for few months til halving, price will rise even more, everyone talks that it will rise by couple of 100$, maybe even more

This could be true. In 2013, the price rose a lot to over $1200. That was after the halving. This could happen again.

Most people know it was Mtgox that was heavily manipulating the price with their super bots. If Mtgox wasn't pushing the price back then we would probably reach a new ATH this year. A legit ATH to be more precise.

Based on economics, it was clear that it was supply and demand. If the bitcoin users hoard some bitcoin to buyers, it will increase the demand because there are not too many sellers to sustain the demand of buyers that will lead to the rise of value of bitcoin. :D Supply < Demand = ^ Value of bitcoin and vice versa.

For the time being, it is the expection of the halving will move the bitcoin price. In the next year, it is the block size increase.

The price rose many folds from the time of halving to 12 months late. Maybe 100 times. This time the price could be very high.

I use to think it was news, but i found out some rich group of investors are working to manipulate the price.
So yeah that is what is moving the price these days.

The rich people can always manipulate the price of almost anything. That includes oil, gas, gold and iron ore.

traders ( sellers and buyers) does by creating panic or rising price a lot, china market does change price now, also halving should change price by couple of 100$

Who are these rich groups of people? If we know who they are, we may join them and get rich quicker.

They will not let you join them. People are selfish, they just get rich quickly themselves. They do not care too much about other people.

Everyone. But the most important is indeed the chinese economics. And that is logic I think. Because they use a lot of Bitcoin.
We all hope that the price will rise in the future and that we can sell it with huge profit. But you never know what will happen later.

of course china's market changed price from begining of bitcoin, it also change price slightly 3 months ago, by 30$ or more,

and of course things like block halving, it should rise price, and when someone creates panic, price falls down usually

The force behind bitcoin these days is china. The miners/pools are controlled by chinese.
And the money that is causing this heavy flucatation too. I used to believe it was the 'news' But most of the price flucation is coming from china.

The bitcoin gets controlled by indeed china because they have a lot of influence on the bitcoin market.
The other point is also that the price is getting up and down because of people that are investing and selling of course.

The conclusion is easy the real spikes are created by china and the little are create by the people that are investing and selling.

Not necessary true. The Chinese has the mining power, but they do not have the power to do the payment processing.

oh yes, china is very important for bitcoin since day one, also supply and demand changes that, random pumps and dumps does that too

also good and bad news for bitcoins changes it like creating a massive panic wave or things like halving now, it will change price too

Also include the people who are just holding bitcoin and god knows when will they let go of their coin,i think they are waiting for the halving since it will bring a nice price to them.

those that are holding bitcoin for a very high value to sell are somehow embroiled in forcing a value increase in the future, because they are making more valuable the other coins that remain in the market

so i can assume that holder can drive the demand up, they are a precursor of the demand

The price of bitcoin again is going back to increase in 411 and i think it will increase more back again in 425..
Some of my bitcoin already exchange it because i thought that the price will ocntiniously decreasing.. but im failed to speculate the right movement of bitcoins

I used to think it is influenced by the news & media. But these days i expect that the price is influenced by whales and so.
Just look how the price did go up the last couple of months without any relevant news..

Whales and chinese miners are manipulating the prices right now thats why you can see it constantly going down.
They just want to buy more bitcoin so that when halving comes they will profit more.

in my view bitcoin price is like stunning not moved just play around $400++, i think china market already set this situation before they manipulate price later.

They are still thinking if the price should go down to 300 before the halving so that they can buy more coins and after that they price will be higher.

Yes many people are still dreaming like that. But as per my analysis and speculations, we have came far away from $300 price levels for ever. Hopefully, we can see bitcoin prices testing above $1000 levels by the time of halving.

china moves bitcoin price form day 1, china is very important for bitcoin, of course supply and demand changes price, huge things like things in paris last year creates a panic, or  when somebody else creates panic, and then price falls down, there are lots of reasons why price rises or falls

Well whales and chinese miners are the main factor why bitcoin price move a big time,but the price right now is only normal the movement is normal.

Everything moves the price. Because it also depend on the chinese and the economics. So that is really important.
But you can see that the value is rising slowly and that is very good also. But the halving is also coming so that is good. But you never know what will happen.

The traders also have a role in the movement of bitcoin price on a lesser scale,but when we talk about huge price hike the whales are the ones who did that.

Movement of bitcoin in this week i think is gradually decreasing if you see the price today still fight for the price of 405-420 unlike last week the price is playing around 410-425.. we will see more movement after this week.. and it will increase again soon..

The movement of bitcoin price today is slowly decreasing and i think it will decreaase more and it will happen and reach 360 or even 380 i will buy more bitcoins and wait for halving ends..

the bitcoin price goes up if people want to buy bitcoins and they keep on buying but if there is no interest and people sell coins there is a big drop

bitcoin is a decentralized currency and it will never be regulated by any government thats one of the best things about it

It depends on the people how much they use Bitcoin and how much they spend it. It will also be good if it will be more acceptable in stores.
So we can spend it more and people will get to know about Bitcoin and that is very good.

The increased usage, the user rate, the acceptance, the market scenario, ease of accessing. These were the few factors that determine or move the bitcoin's price.

huge panic waves drops price of bitcoin for sure, lit cna drop by 100$ or even more if panic is huge

china changes price of bitcoin form day 1, they change it now too

and probably most important thing that changes price is supply and demand, if nobody would buy, price would be very small

We need more people to use btc....Only people holding on there btc to wait for the better price...who knows if it the price fall down then it will be big problem.....more number of users and increase on the amount of btc will give us some benefit.......

There is no panic waver at the present. People are used to 20% a day volatility. The volatility will be lower in the future.

Supply and demand along with the market situation moves the price of bitcoin. One more major factor moving the bitcoin price is the speculation made by most of the users.

Most people get this confused.

Theres 2 different forms of demands that generate the price. 1. The big whale - which can fufill its order of the mass 2. The mass that actual find bitcoin

I think that supply and demand is probably most important thing because usually it is people that changes it

Also China changes price and don't forget large panic or halving,  they change price too

Supply and demand is the real reason why bitcoin prices changes constantly and add to that miners also do some part in changing the price.

Fundamentally, supply and demand determines the bitcoin price. But it will be affected by sentiment as well.

I think the speculators move the price mostly then it's the Bitcoin publicity which can be negative or positive and can move the price accordingly, Bitcoin issues like the Blocksize debate, news about Bitcoin being used by criminals and terrorists etc. Bitcoin is just super volatile and its movement can depend on so many different factors it's very hard to predict.

I am pretty sure that bitcoin prices will be higher. This is only a matter of time, there may be some times when the price of bitcoin lead down, but I believe the main direction bitcoin definitely pointing upwards. still believe

In long term, the price shall be higher. But it also depends on the continuous development of the protocol.