Bitcoin Forum

Last time we see brexit doesn't give affect for bitcoin.
So what kind of global issues that can make us excite for the price?

Financial crisis in one country (not like the entire EU but in one single country, like Cyprus). A situation where fiat savings or the fiat system becomes weak and risks people losing their wealth. That would help people consider bitcoin more seriously.

 A gamma-ray burst from ~ 30 light years from of our solar system: bitcoin = 0 (actually earth = 0 too)
 
 A large solar storm: In 1859, a solar storm caused telegraph wires to short out in the U.S. and Europe.  The way electricity grids are interconnected now, a large solar storm could wipe out the electrical infrastructure for years... I think Bitcoin value would decrease.

 1997 XF11 (http://neo.jpl.nasa.gov/news/1997xf11.html) If it hit China, would disrupt mining on a large scale.  It could also destroy the earth and bitcoin.
 
 I'm sorry, at present I can't think of anything that would make the value increase... I just watched the Trump/Clinton debate and my mind is numb.


 

Moving the price of Bitcoins could happen very easily. Since Bitcoin is just a newcomer to the Economy then it just really needs a rich person to put some money into it and watch the price rise or dump and watch it fall.

A global catastrophe like the stock markets crashing is an obvious sign of "Money" losing its value.

Based on my opinion, if a crisis will happen to a country of the major holders of bitcoin maybe we can see the price of bitcoin to drop very fast, if something happen to the economy of US, China, and UK maybe bitcoin will be dead, they are the major countries that supports the supply and demand of bitcoin.

Financial crisis, war, economic crisis.
Those 3 are the main issues which you can further divide if you want.
Mostly everything that creates fear, uncertainty and makes the people wnat to put there wealth in a safe place.

I do think the most possible is the financial crisis, where the country economy is collapsed then the inflation rate is too high, when that happens i think people will start to look for a way to get out of the crisis, and bitcoin could be the solution, and within more people using bitcoin there will be a possibilities that bitcoin price will be going up

Some issues that will increase the demand for bitcoins.Maybe a bank crysis or something else.

If the western countries ban bitcoin,this will have a big impact over the btc price. ;D

I prefer the bitcoin price to be more stable.

I dont think there are allot of global issues that can move bitcoin price what i do know is that allot of illegal things are bought with bitcoins maybe as they been stopped that the price will fal that lowe becuase they are not spending.

Exchange Hacks, Wars in the Middle East, Elections in the USA, Wikileaks(Julian Assange), Refugee Crisis in EU, Tax Increases, FIAT Inflation... You can add more and more. Bitcoin can get affected from almost anything happens around the world.

i think if people want to know more about bitcoin and using bitcoin as another option for payment in internet, it will be help bitcoin itself to move into big scale, not just about global issues like war, economic, but for the simple things which is the more people which know and using bitcoin, i think its enough to push the rate of bitcoin to go up.

beside that, if government giving the statement about bitcoin legacy and accepted bitcoin as cryptocurrency and as payment in internet, this will make another movement for bitcoin and could lifted up the rate.

i don't want to imagine if the world will do war with each country, economic chaos like europe yesterday can make bitcoin price to go up, but we can do the simple thing that i write in above. this will be good and help bitcoin price, i am sure about this.

I think the gold doesn't give affect for bitcoins ? because we all know that bitcoin is depending on dollar if the price of the dollar is high then the bitcoin's too right ? and also the oil copper and etc, imo but i really don't know which is really one.

nothing really, or at least nothing that can have a big and considerable effect on bitcoin price anyways.
even brexit had its effects on bitcoin price but it was small and these types of effects never happen overnight it takes a time before we can really see the effect and this can be a couple of days or a couple of weeks. and even in some cases a couple of months since bitcoin is not like other investments such as gold that everybody thinks of when they turn away from their last investment.

Many things can move Bitcoin prices. Man, it's not different from another fiat currency. Sometimes I think people wouldn't believe in Bitcoin seriousness... I'm so blind and faithful about Bitcoin future that I swear I'll sold two vehicles and put everything in this world. I invested a lot of money, time and effort so if it breaks some day I'll break my ass but I'm confident as hell. The price moves as the world moves too.

Realistic factors that could move the price up:

1 - Negative interest rates becoming more common, it surely would drive some people to put a portion of their money into BTC/other crypto
2 - Moving towards cashless society concept. When physical cash is no longer available, but Bitcoin usage is allowed, that would take the price to a whole new level. That's off course only if Bitcoin can scale.

The economy doesn't work with bitcoins. And if there is no work, no bitcoin will not save. This currency is only optional. The global crisis could kill her.

I think a virus could also affect the Bitcoin's price in the long run. Having an epidemic virus that would kill a lot of people (rich people to be specific) in a very short period of time would make the owner of a bitcoin wallet dead. Those people who weren't able to transfer their coins to another person before the time of their death would have those Bitcoins stuck on their wallet. In that note, those Bitcoins will never be accessible to us anymore. A portion of Bitcoin that can never be bought or sold.

If the virus spreads and kills a lot of people, more and more percentage of Bitcoin will became inaccessible. Thus, making Bitcoin more scarce and have more value.

i think not much :D

technically a lot of financial happenings should have some kind of effect on bitcoin such as what you can see in the previous comments above mine.

but as we already know many things has happened and people were expecting big effects on bitcoin price like Brexit, or Greece, and a lot more but none of them really had any major effects.

Many people said that hacking is one of the factor that price would go down if their are something bad happen for a big instituition on bitcoin site aswell us lie's van affect the price since it can cause little panic to sell what they've got and those 2 i mentioned are reason that can affect the bitcoins prive and it is popular reason.

First of all, people should be focusing less on Bitcoin's fiat valuation but more on the technological and economical development around it. Bitcoin's fiat valuation is meaningless, because fiat money is debt-based trash that is bound to devalue to zero.

That brings me to the main global issue that will move Bitcoin price: Worldwide inflation of fiat currencies. The monetary policy of central banks around the world, who expand the monetary base far beyond anything seen in history will inevitably lead to significant inflationary effects and ultimately hyperinflation. This effect per se will move Bitcoin price, because as fiat currencies devalue, you simply need more fiat cash to buy Bitcoin that is not subject to the policy of the central bank lunatics. But the effect will much likely go beyond this kind of pure value adjustment: When significant inflationary effects have set in, people will realize that they need alternative stores of value to secure their buying power. This will fuel a run for safe haven assets like precious metals and Bitcoin, whose buying power will likely see a significant increase.

ya.ya.yo!

last time i saw greek crisis has good impact bitcoin because the price increase with pretty fast and also several months ago bitfinex hack was make bitcoin price decrease even that situation not last long but today i didn't see any global issues will give effect for bitcoin

At the moment local political or financial crises that are happening in just one country can't affect Bitcoin price substantialy. Maybe just for the moment but not on longterm. But some big global crisis could do the earthquaqe for Bitcoin price and Bitcoin market. Also the big hacker attacks on big exchangers.

I think political changes within only one or few country is hard to effect bitcoin price by any way these days as market cap is growing as well as bitcoin users and traders are well distributed over several countries around the globe. But as china hold majority of mining power and also lots of buying volume comes from there, internal politics of china also affect the price of bitcoin.

I dont think if global issues can affect or move
the bitcoin price. Because i was wondering that
affect the price if have a global issue. Maybe if
have a disaster in our country that can affect the
price of bitcoin. Or miners stop mining bitcoin it
can move the price goes down.

i think bitcoin is a little bit free from such kind of issue, as we can see and expect in fiat currency that some bad news about a state  reduce the price of their currency, but not in case of bitcoin because bitcoin is a universal currency and it is free from regional issues,

Anything that affects USD can affect bitcoin too. I think government’s approach is another important aspect because it will be the major push to bitcoin (and other cryptocurrencies) if any government is promoting this technology.

I think next recession would affect bitcoin but it will need a deep study to determine whether it will affect positively or negatively because this is something that never happened in past so it’s interesting to see how this technology gives response to next crisis.

People in this thread say a lot that one of such issues is economic crisis. However, can't it be actually the opposite? I think that economic prosperity may as well move the price. If local currency becomes higher in price, wouldn't it cause more people using it and not Bitcoin? This way Bitcoin price will become lower.

If there is an economic crisis or a currency crisis and people look for ways to secure their cash and look for better means of payment and that's when BTC can come and all those people will run into it.Also if someone invests huge in BTC,that also can make BTC prise rice and of course if huge amounts of people start adopting BTC,these are all scenarios that will drive BTC price up

What do you mean by 'local currency becomes higher in price'? Deflation? If so, that is most likely to happen during the crisis, not prosperity. Most governments aim to have a healthy rate of inflation.

Whenever a time will come when all the governments come ahead and decide to either start accepting bitcoins or completely block its usage, that will be the biggest issue in my eyes which will give a significant impact to its price.

My opinion, if a crisis will happen to a country of the major holders of bitcoin maybe we can see the price of bitcoin to drop very fast, if something happen to the economy of US, China, and UK maybe bitcoin will be dead, they are the major countries that supports the supply and demand of bitcoin.

I don’t think that Brexit had any effect on bitcoin because it mainly concerned on the european union and does not entirely touch on crypto. Those affected by Brexit are those doing business within Britain and the other countries part of the EU because of the tariffs.


I guess if a financial crisis occurs which would greatly affect the bitcoin users in a country that contains or controls a huge volume of bitcoin, then this may have some effect on the bitcoin price. Especially for countries like China were there is a majority of miners. Just like how if a ban will be made in countries like this, it may affect the price negatively.

wow, this is a crazy query, but has sense, it think one crazy answer would be a global natural disaster cause by climate change, where electricity will be devastated. we all know that when there is no electricity, every wired transactions are affected including trading online or mining, but on the more serious side, one issue that we must be prepared is the regulation of countries about the circulation of cryptocurrencies, if all country connived to put bitcoin on hold or stop it permanently by issuing a law that prohibits the use of bitcoin in any transactions, of course when no one is using it, no one would trade it. and then we are doomed. the end.

The problem that can make the bitcoin price decrease is a rumor that there is someone who has a lot of bitcoin suddenly sell everything and stop relying bitcoin In getting benefits from the problem arises speculation how the fate of money in this gital after having ups and downs.

Bitcoin price is very amazing thing and every person have eye on price graph that what will happen in next minute.
From last few weeks price of BTC is fall to 13K$ and now still varying around 13-15k$ and user of BTC is waiting and panic that when it will again increase.
BTC price is fall because every person in the end of year will do full calculation of his income and spending and clearing their record that how much he earn and how much he spend. Due to which alot of people have done transaction of BTC due to which demand is decreased and price is fall.

the more clear most happended is hacked news from exchange .
almost potential got price down or up significant .

I think it is the advertising of the bitcoin media. If it is the active propaganda of journalists and broadcasters, then it is a great opportunity for bitcoin to provoke higher prices. Through the communication of programs, more and more people are aware of the bitcoin and will have a lot of investors learn about it and invest a large amount of money into it. So the value of bitcoin will increase.

It's hard to say but we all saw what happened in Venezuela for example, and other countries like it, so financial crises could help boost bitcoin price, because people might search for it as a solution to the current broken fiat system. On the negative side, government bans on exchanges would bring the price down, at least while decentralized exchanges aren't a viable option for users. We saw that with China, and we are already seeing some effects caused by the South Korea fud, although in this case I don't think the ban will happen.

Well, perhaps not as much as a global level, but locally, the more inefficient or arbitrary the monetary policies of a country are, the more likely are people to turn to bitcoin with a large amount of their assets.

well issues like wars and global health threat can be one because this things might affect the number of users in the market of bitcoin and bitcoin is solely made to serve the people in making transactions easy and fast the lost of users and miners will make bitcoins price drop and vice versa when a good news pops out bitcoin price can be crazy enough to pump so high in this matter.

the state of a country's economy, regulated banking regulation by a country, political conditions in a country. of course it's the countries that hold bitcoin. such as china, korean or countries in europe. current dump and pump by big investors also affect the rise and fall of bitcoin value. maybe someday when a better blockchain technology found from bitcoin could make the bitcoin community move on to another project.

Intensive prohibition of crypto currencies will do.

World war 3, but It won't be happening. Also if internet fails and power crisis. Any of this can ruin the price of bitcoin. Small events like banning bitcoin of a country will not affect that much.

As many countries know Bitcoin and accept it as legal in that country, the bitcoin price will increase. The more good bitcoin information on the media also helps boost bitcoin prices.

What type of global issue do you prefer to make us excited? negative one to make thrilling speculations and opportunity to buy more because btc will probably dump? or a positive issue that will also benefit us from increasing its price? regulation issues and restriction can make some impact on the issues of bitcoin given by the fact that people tend to panic from this situations

Positive global issues can make bitcoin more costly on the other hand, it will definitely increase its fees and affect transactions speed due to its expanding community, but if you are a loyal hodler you will definitely get the most benefit of it.