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Title: What are the major factors that affect the bitcoin price? Post by: dakmokong on January 18, 2018, 02:56:14 AM Bitcoin is the first most popular digital crypto-currency whose price is influenced by a wide range of factors. Ideally, the bitcoin price is normally expressed as the exchange rate of the bitcoin in relation to other currencies. With an upsurge in the adoption and usage of this digital currency, the demand for bitcoins has significantly increased in the recent past.
Factors that affect the price of Bitcoin include: 1) Supply & Demand - At a basic level, the price movements of any cryptocurrency will be driven by its availability. The scarcer a digital coin is, the higher its price levels. In contrast, a virtual currency with an abundant supply will likely experience lower price levels. 2)Mining Difficulty - In the case of proof-of-work blockchains such as Bitcoin, the mining difficulty of a coin can also have a direct relationship with its price. A higher mining difficulty means that it is harder to mine an additional unit of a coin. This can have an impact on a coin’s perceived value, and subsequently its price, as increasing a coin’s supply will require more computing power to be used in the mining process. 3)Utility - A key factor that will affect a cryptocurrency’s price movement is its perceived utility. A virtual currency that possess no practical use will likely be viewed as having no value, which may be reflected with lower market price levels. For example, Ether’s price movements can be attributed to its perceived practical utility, that being a user’s ability to build and launch their own decentralized applications on the Ethereum platform 4)Market News - Market News can also affect a coin’s price movements. Positive or negative news reporting can be a heavy influencer of general market sentiment regarding a particular coin. Media reporting about a network hack for example is likely to drive prices down, whereas, coverage about a coin’s increasing adoption can result in positive market sentiment that drives a coin’s market price upward. Hope this helps a little! Happy bitcoin-ing!!! ;D ;D ;D Title: Re: What are the major factors that affect the bitcoin price? Post by: zhanyiguai261315 on January 18, 2018, 03:31:58 AM Now policy impact has very important effect to the price of the currency, in September 2017, the Chinese government's policy led to a bit of a drop in prices, in January 2018, South Korea and the policy of the Chinese government and lead to decline in the currency price!
Title: Re: What are the major factors that affect the bitcoin price? Post by: dakmokong on January 18, 2018, 04:24:21 AM Now policy impact has very important effect to the price of the currency, in September 2017, the Chinese government's policy led to a bit of a drop in prices, in January 2018, South Korea and the policy of the Chinese government and lead to decline in the currency price! Agree on that!! Since bitcoin is gaining attraction from every government of each countries. Title: Re: What are the major factors that affect the bitcoin price? Post by: yepaiyique2 on January 18, 2018, 04:41:19 AM The development of the block chain is hot, the international market is good news, and technical improvement is the focus of our attention, because this is the real driving factor of the price increase. Good technology is for the benefit of mankind, so I think technology is the main reason for the rise of bitcoin!
Title: Re: What are the major factors that affect the bitcoin price? Post by: amaydel on January 18, 2018, 05:29:06 AM I think whales can cause bitcoin's price to rise and fall since they do have enormous holdings of bitcoin. So when they sell it, a dip will occur or it will rise if they buy it in volume. Another factor is the people's demand over bitcoin since it is a basic principle of economics about demand and supply.
Title: Re: What are the major factors that affect the bitcoin price? Post by: HeRetiK on January 18, 2018, 06:00:41 AM [...] Factors that affect the price of Bitcoin include: 1) Supply & Demand - At a basic level, the price movements of any cryptocurrency will be driven by its availability. The scarcer a digital coin is, the higher its price levels. In contrast, a virtual currency with an abundant supply will likely experience lower price levels. [...] You omitted looking at the Demand side of things, which by itself can be broken up in 2 factors :) i) Community -- The larger the community behind a cryptocurrency, the more people involved, the higher the demand. Bitcoin's community has vastly grown over the years. ii) Availability -- The ease of buying a cryptocurrency. While exchanges are currently overwhelmed with verifying new customers, it has never been so easy to buy cryptocurrencies. On a higher level I would also add Trustworthiness: The more people trust in a cryptocurrency, the less prone they are to panic selling, making for a stabler market. Title: Re: What are the major factors that affect the bitcoin price? Post by: Nana_Marini on January 18, 2018, 07:10:12 AM I think thay many people who invest in bitcoin is one of factor that affect the bitcoin price. Any new business also affect the bitcoin price, if there are many ICO, it will affect the price of bitcoin is high :D
Title: Re: What are the major factors that affect the bitcoin price? Post by: SunJAB on January 18, 2018, 07:22:06 AM The development of the block chain is hot, the international market is good news, and technical improvement is the focus of our attention, because this is the real driving factor of the price increase. Good technology is for the benefit of mankind, so I think technology is the main reason for the rise of bitcoin! Bitcoin is rebounding, the recent downturn has been largely driven by bad news from the Chinese market that has repeatedly pushed the market into confusing investor sentiment to sell bitcoin and other coin. Once they have achieved their goal, bitcoin is gradually regaining its momentum, the field is gradually becoming more adaptable to such fluctuations.Title: Re: What are the major factors that affect the bitcoin price? Post by: btcluisdiki on January 18, 2018, 07:25:56 AM I think thay many people who invest in bitcoin is one of factor that affect the bitcoin price. Any new business also affect the bitcoin price, if there are many ICO, it will affect the price of bitcoin is high :D As per article I had read regarding the factors affecting the bitcoin price are as follows: a)Government Regulation - when a certain government releases official statement about regulation of digital currencies, the price of bitcoin is normally affected. Anytime there are restrictions on the use of bitcoin, their price may change drastically. b)Bitcoin demand and supply - This means high demand and low supply oftens leads to an increase in the price and we need to understand that bitcoins have a controlled supply. Because of limited supply, price may continue to rise in due time. Title: Re: What are the major factors that affect the bitcoin price? Post by: Tavarez on January 18, 2018, 07:34:17 AM recently two appeared as main factors: China and Korea but people are intelligent nowadays. There is a growing tendency of Chinese crypto entities moving offshore to continue the crypto path. Even if Crypto is severely banned in China there plenty of remedies to avoid the ban.
Title: Re: What are the major factors that affect the bitcoin price? Post by: dakmokong on January 18, 2018, 07:59:51 AM I think whales can cause bitcoin's price to rise and fall since they do have enormous holdings of bitcoin. So when they sell it, a dip will occur or it will rise if they buy it in volume. Another factor is the people's demand over bitcoin since it is a basic principle of economics about demand and supply. Correct. Basically, due to the popularity of the bitcoin, many people are so eager to learn how this thing works. Resulting to the shortening of supply while demand increases. Title: Re: What are the major factors that affect the bitcoin price? Post by: Potatohead on January 18, 2018, 08:09:22 AM I think one of the major factors that affects bitcoin price would be the volatility of the other cryptocurrency. I have learned in economics that when the price of a certain thing rices the other competitors' prices is bound to decrease due to the pull of marginal revenue. So, this factor is enough for it's price to go high or fall.
Title: Re: What are the major factors that affect the bitcoin price? Post by: GeoDudeScho on January 18, 2018, 08:12:30 AM I think whales can cause bitcoin's price to rise and fall since they do have enormous holdings of bitcoin. So when they sell it, a dip will occur or it will rise if they buy it in volume. Another factor is the people's demand over bitcoin since it is a basic principle of economics about demand and supply. This. What was the statistic, 4% of all addresses hold 97% of BTC? The common mans belief on the value of BTC has very little impact, everything you see is the whales. Title: Re: What are the major factors that affect the bitcoin price? Post by: lampukoe lumo on January 18, 2018, 08:44:09 AM Factors affecting bitcoin prices !! Possibly affecting bitcoin prices is due to the large number of enthusiasts and the limited total supple, and the number of people investing in bitcoin also includes things that affect bitcoin price increases, and the number of new businesses that can influence the rise in bitcoin prices, the more ICO is launched then will also rise bitcoin prices.
Title: Re: What are the major factors that affect the bitcoin price? Post by: Scor1937 on January 18, 2018, 08:48:51 AM Actually all the reasons you mentioned are a major factor behind why the price fluctuates too much. But perhaps the 4th point that you mentioned about Market news might be much effective because cureemtly the news and FUD from china and south korea government about closing exchanges has caused a high price drop and it is a major harm to the society as every individual is selling his bitcoins in panic sell at a loss and it also is causing a high price drop. I would like to suggest everyone to just hold your bitcoins now and they will pump back. Also you can purchase more bitcoins at a good dip if you feel so.
Title: Re: What are the major factors that affect the bitcoin price? Post by: hachiman13 on January 18, 2018, 09:26:46 AM Culture can also affect the price. Like what we are experiencing now, lunar new year is around the corner. What that brings us are a lot of (asian) people cashing out their cryptocurrency holdings to celebrate the event thus the market are negatively affected.
Title: Re: What are the major factors that affect the bitcoin price? Post by: Maingtoled1958 on January 18, 2018, 09:33:15 AM Now, their are several issues going with bitcoins so the price is going much low. Actually due to the new from south korea government about banning the exchanges is causing a lot of people for panic sell and the demand is probably decreasing which is then loosing the market price. Also the mining difficulty for now is high and also the transactions are been denied. Market news is also not in favour of bitcoins. At such situation the price going down is usuall and i hope it will soon pump back.
Title: Re: What are the major factors that affect the bitcoin price? Post by: shezu007 on January 18, 2018, 09:36:12 AM The major affect of BTC is demand and supply.
Demand is directly proportional to price as demand is increasing then price will also increasing while as demand is decreasing then price will also start decreasing. While supply is inversely proportional to price as supply in market increasing then price will start decreasing and as supply short then price start increasing. Title: Re: What are the major factors that affect the bitcoin price? Post by: boyshx on January 18, 2018, 11:23:04 AM Price of any currency is determined by the flow of demand and supply of that currency. If supply is more than demand then prices remains low and vice versa. Bitcoin supply is restricted at the time of its introduction, so its growing demand is pushing its price always up. Being a decentralised currency no regulating authority is present to control the volatility. Addition to those external factors like ban /regulations or any favourable news about bitcoin currency makes its investors panic or encourage them to buy or sell bitcoins.
Title: Re: What are the major factors that affect the bitcoin price? Post by: 3la9l_kolbaCa on January 18, 2018, 11:39:45 AM Bitcoin is the first most popular digital crypto-currency whose price is influenced by a wide range of factors. Ideally, the bitcoin price is normally expressed as the exchange rate of the bitcoin in relation to other currencies. With an upsurge in the adoption and usage of this digital currency, the demand for bitcoins has significantly increased in the recent past. you had a very good point here though there are some of the statements here that are just a little bit far from what is happening right now.... people had the bitcoins and when the news came that korea and china are banning the cryptocurrency many people reacted so much that's why price go down.Factors that affect the price of Bitcoin include: 1) Supply & Demand - At a basic level, the price movements of any cryptocurrency will be driven by its availability. The scarcer a digital coin is, the higher its price levels. In contrast, a virtual currency with an abundant supply will likely experience lower price levels. 2)Mining Difficulty - In the case of proof-of-work blockchains such as Bitcoin, the mining difficulty of a coin can also have a direct relationship with its price. A higher mining difficulty means that it is harder to mine an additional unit of a coin. This can have an impact on a coin’s perceived value, and subsequently its price, as increasing a coin’s supply will require more computing power to be used in the mining process. 3)Utility - A key factor that will affect a cryptocurrency’s price movement is its perceived utility. A virtual currency that possess no practical use will likely be viewed as having no value, which may be reflected with lower market price levels. For example, Ether’s price movements can be attributed to its perceived practical utility, that being a user’s ability to build and launch their own decentralized applications on the Ethereum platform 4)Market News - Market News can also affect a coin’s price movements. Positive or negative news reporting can be a heavy influencer of general market sentiment regarding a particular coin. Media reporting about a network hack for example is likely to drive prices down, whereas, coverage about a coin’s increasing adoption can result in positive market sentiment that drives a coin’s market price upward. Hope this helps a little! Happy bitcoin-ing!!! ;D ;D ;D Title: Re: What are the major factors that affect the bitcoin price? Post by: Shimmiry on January 18, 2018, 12:10:49 PM I think there is only one great factor that affects the price of bitcoin which is the Demand and Supply, because it is all that affects the bitcoin's price. Low demand = low price : high demand= higher price, its the basic analysis for that then the other factors such as market news and Mining difficulty would be the factors affecting the demand and supply not the bitcoin itself.
Title: Re: What are the major factors that affect the bitcoin price? Post by: BarbusseH on February 01, 2018, 11:20:57 AM Another factor about which this number of people using crypto currency did not say. The more people companies use for accumulation or operating activities, the higher the price of coins.
Title: Re: What are the major factors that affect the bitcoin price? Post by: Caelanpelley on March 22, 2018, 08:40:32 AM In my opinion, the main factors that affect the price of bitcoin are: speculation, economics and players. Speculation has a huge impact on prices. If you boldly will earn a huge amount of money. Bitcoin players can "stack up", demand will increase and vice versa, when they "discharge" makes the supply increase. As a result, speculation becomes the most powerful factor influencing the value of Bitcoin. Economic development will also help many people invest in bitcoin.
Title: Re: What are the major factors that affect the bitcoin price? Post by: Elseye on March 22, 2018, 10:03:13 AM The most major ones lately are news and different goverment statements. That's sad that this things affect price of BTC so much, but that's nothing to do with it.
Title: Re: What are the major factors that affect the bitcoin price? Post by: mOgliE on March 22, 2018, 12:04:59 PM Hi,
I think we can add two things to your list: 1- Over-reaction from the community. Some market announcements should not have such an impact, but people tend to freak out quite rapidly. 2- Impact of the period of the year. Trends tend to be different according to when we are. July or December are important turning points I'd say. Title: Re: What are the major factors that affect the bitcoin price? Post by: Rooster101 on March 22, 2018, 01:24:10 PM Aside from the already mentioned factors that affect bitcoin price, another one is the market manipulations where traders or the so called whales purchase large amount of bitcoin to pump the market temporarily then dump them later. Technological changes and innovations can also influence the market of bitcoin like its recent hardforks. The stability of bitcoin network and the wider mainstream acceptance can also moves the price of the bitcoin.
Title: Re: What are the major factors that affect the bitcoin price? Post by: gua86402 on March 22, 2018, 01:54:49 PM The influence of government policy on BTC is huge!
The United States began to regulate ICO, and Google and twitter were affected and began to ban the advertising of digital encryption money! The impact on digital encryption is huge! Title: Re: What are the major factors that affect the bitcoin price? Post by: portotoi on March 22, 2018, 02:53:52 PM Now policy impact has very important effect to the price of the currency, in September 2017, the Chinese government's policy led to a bit of a drop in prices, in January 2018, South Korea and the policy of the Chinese government and lead to decline in the currency price! That also affect the bitcoin price. When more negative news will exist in the crypto market then more bitcoin investors will halt and the bitcoin demands will goes slower and slower. Title: Re: What are the major factors that affect the bitcoin price? Post by: Mevz on March 22, 2018, 04:02:31 PM Agreed with the 4 major factors its really happening and now we are suffering from the FUD spreading like fire that is why the market is so bloody. I think it would take more time to recover because its not just arbitrarily. Its a natural phenomenon of bitcoin and it always base on the supply and demand and the most important the whales are controlling the movement of the price.
Title: Re: What are the major factors that affect the bitcoin price? Post by: South Park on March 22, 2018, 05:14:40 PM Now policy impact has very important effect to the price of the currency, in September 2017, the Chinese government's policy led to a bit of a drop in prices, in January 2018, South Korea and the policy of the Chinese government and lead to decline in the currency price! The policies of the governments around the world can affect the price but it depends on the government, for example the Chinese government was very influential but it has lost part of that influence, South Korea is also very influential since it has a huge volume and many exchanges but a very tiny country with almost no bitcoin presence will be unable to affect the bitcoin price.Title: Re: What are the major factors that affect the bitcoin price? Post by: HasHe on March 22, 2018, 11:48:42 PM The basic factor is the increase and decrease in demand for bitcoins.Even though there exists lots of global factors,nowadays FUD spread by big whales play an important role in determining bitcoin price.It remains the major cause for the higher fluctuations in bitcoin price.
Title: Re: What are the major factors that affect the bitcoin price? Post by: Wandika on March 23, 2018, 12:56:58 AM The basic factor is the increase and decrease in demand for bitcoins.Even though there exists lots of global factors, nowadays FUD spread by big whales play an important role in determining bitcoin price.It remains the major cause of the higher fluctuations in bitcoin price. FUDs affect crypto a lot ,we never know now what is really the news since their putting ad on in every detail just to drop the price of BTC, now it's on exchanges news again from bittrex to binance we will be needing more patience to be successful in crypto.Title: Re: What are the major factors that affect the bitcoin price? Post by: genocide on March 23, 2018, 02:38:03 PM It is just base on my observation and analysis that the factors affecting the bitcoin price are the supply and demand; the negative and positive news from social media; the government policy; the economic situation; and the investors itself.
Title: Re: What are the major factors that affect the bitcoin price? Post by: Direwolve735 on March 23, 2018, 03:00:25 PM 1. Number of investors. With the increase in the number of people investing their funds in virtual currency, the cost of each coin increases.
2. People's interest in Bitcoin. If people refuse to use bitcoins, their intrinsic value will be zero. 3. News about Bitcoin. The virtual currency needs publicity to attract new investors and encourage commercial companies to cooperate. Negative news in turn is hitting the price of the crypto currency and it is falling. Title: Re: What are the major factors that affect the bitcoin price? Post by: wxa7115 on March 23, 2018, 03:41:13 PM Hi, And the worst part about overreaction has to do that all the community is affected by a small number of traders, they see the news and think it's going to have a bad impact on the price they begin to sell and this in return creates a domino effect since other traders begin to see the charts are indicating that people are selling off and they do to the same, this is how crashes are made.I think we can add two things to your list: 1- Over-reaction from the community. Some market announcements should not have such an impact, but people tend to freak out quite rapidly. 2- Impact of the period of the year. Trends tend to be different according to when we are. July or December are important turning points I'd say. Title: Re: What are the major factors that affect the bitcoin price? Post by: 19spawnfeed on March 23, 2018, 03:49:09 PM Hi, And the worst part about overreaction has to do that all the community is affected by a small number of traders, they see the news and think it's going to have a bad impact on the price they begin to sell and this in return creates a domino effect since other traders begin to see the charts are indicating that people are selling off and they do to the same, this is how crashes are made.I think we can add two things to your list: 1- Over-reaction from the community. Some market announcements should not have such an impact, but people tend to freak out quite rapidly. 2- Impact of the period of the year. Trends tend to be different according to when we are. July or December are important turning points I'd say. Bitcoin price is not normally controlled by any company, organization or government. it is the first most popular digital crypto-currency whose price is influenced by a wide range of factors. Ideally the bitcoin price is normally expressed as the exchange rate of the bitcoin in relation to other currencies. Below are some of the main factors that can affect the bitcoin price: 1.Government Regulation 2. Media Influence 3. Stability of the Bitcoin Network 4. The Bitcoin Demand and Supply 5. Wider Mainstream Acceptance 6. Large Businesses Dumping to Fiat Currency 7. Technological Changes and Innovations 8. Market Manipulation Title: Re: What are the major factors that affect the bitcoin price? Post by: Dudeperfect on March 23, 2018, 03:51:17 PM Price always follow the law of demand and supply, there are multiple factors which affect the demand and supply in the market for example we have recently experienced the price rally and when we saw the correction was coming there was a wave of panic selling, most of the holders especially newbies were liquidating their Bitcoins and that was the reason why price fell down. The initial fall was a result of exit from the big whales but it somehow created the domino effect in the market. I believe that mass awareness is one of the characteristics of an ideal market and we don't have this at the moment.
Title: Re: What are the major factors that affect the bitcoin price? Post by: sutil on March 23, 2018, 03:55:50 PM OP, you posted a nice list. I think, FUD is the major reason of dumping. Without these FUD, Bitcoin should be 15k again by now.
Title: Re: What are the major factors that affect the bitcoin price? Post by: joebrook on March 23, 2018, 04:05:20 PM Price always follow the law of demand and supply, there are multiple factors which affect the demand and supply in the market for example we have recently experienced the price rally and when we saw the correction was coming there was a wave of panic selling, most of the holders especially newbies were liquidating their Bitcoins and that was the reason why price fell down. The initial fall was a result of exit from the big whales but it somehow created the domino effect in the market. I believe that mass awareness is one of the characteristics of an ideal market and we don't have this at the moment. In recent times, we have things like media backlash and FUD confusing investors and making them sell their bitcoins in a panicking moment and this drives the value even lower and this really affects the price.Title: Re: What are the major factors that affect the bitcoin price? Post by: carodupuis on March 24, 2018, 08:07:16 AM The most major ones lately are news and different goverment statements. That's sad that this things affect price of BTC so much, but that's nothing to do with it. Although these stamens have an element of worry regarding bitcoins position in international market. But as it has been evident from the history that only few amongst so many were true. Rest all were just false news that were created and spread over the world just to demolish the goodwill of bitcoins that have been made in hearts of users. So we have to avoid such fuds that are making bitcoins notorious.Title: Re: What are the major factors that affect the bitcoin price? Post by: mostcrack on March 24, 2018, 08:16:03 AM Indeed, many things that can cause bitcoin to experience price changes are very frequent yesterday, because all know for sure negative news continues to decline bitcoin users and the market a little dim, bitcoin is actually very easily manipulated by people who are very influential in every country.
Title: Re: What are the major factors that affect the bitcoin price? Post by: Noelbetty12 on March 24, 2018, 09:06:41 AM Recent banning and other negative impression on bitcoin creates fear among coin holders thus creating a change in supply and demand of bitcoins. With the recent event about google banning crypto ads most coins appear affected as could be seen during when announcement was made. People seemed to lose interest in coins as a result of FUDs. There are so many factors that really had an effect.
Title: Re: What are the major factors that affect the bitcoin price? Post by: Clyvizcarra on March 24, 2018, 10:00:40 AM Stability of the bitcoin network is a major factor that most bitcoin enthusiasts are concerned about. Most people want a secure network where they will not lose their money. Unlike the conventional currencies like euros and dollars, bitcoins are largely perceived as economic bubbles as they are only valuable when exchanged with other currencies, but do not have any inherent value on their own. If most people and business organizations stopped accepting bitcoins, the “bubble” would burst, leading to a fall in the bitcoin price.
Title: Re: What are the major factors that affect the bitcoin price? Post by: nelsledma on March 26, 2018, 12:20:39 PM OP, you posted a nice list. I think, FUD is the major reason of dumping. Without these FUD, Bitcoin should be 15k again by now. That is definite. There are fuds creating problems to bitcoins every other day. Sometimes when bitcoins start becoming stable these fuds are spread over internet and people, due to their lose knowledge, start panicking and ending with their selling at such low prices. They even don’t care about bitcoins then. At the time, there would be only best decision and that is saving their own amount.Title: Re: What are the major factors that affect the bitcoin price? Post by: Sithara007 on March 26, 2018, 12:55:12 PM These are the factors which come to my mind right now:
1. Media coverage 2. Legality 3. Hacks of exchanges / ventures 4. Statements by billionaires or banksters 5. Expansion of the user-base Title: Re: What are the major factors that affect the bitcoin price? Post by: cryptojac17 on March 26, 2018, 02:24:41 PM These are the factors which come to my mind right now: The major contributor is legality because the G20 leaders are planning to impose some measures to suppress bitcoin due to anonymity and decentralized, to protect their citizens from scam and another criminal activities, 1. Media coverage 2. Legality 3. Hacks of exchanges / ventures 4. Statements by billionaires or banksters 5. Expansion of the user-base Title: Re: What are the major factors that affect the bitcoin price? Post by: sheenshane on March 26, 2018, 02:47:26 PM OP, you posted a nice list. I think, FUD is the major reason of dumping. Without these FUD, Bitcoin should be 15k again by now. That is definite. There are fuds creating problems to bitcoins every other day. Sometimes when bitcoins start becoming stable these fuds are spread over internet and people, due to their lose knowledge, start panicking and ending with their selling at such low prices. They even don’t care about bitcoins then. At the time, there would be only best decision and that is saving their own amount.Title: Re: What are the major factors that affect the bitcoin price? Post by: Isaacck1 on March 26, 2018, 02:58:41 PM Well of course the demand of bitcoin is the number one factor that affects bitcoin price. I think there are months, or seasons, that have effects on bitcoin. There are also people, who are also called whales, that have a direct impact on bitcoin. If they sell, bitcoin falls, if they buy, bitcoin rises. And of course, the FUD's have a great impact on bitcoin. But most of FUD's affect bitcoin in a negative way.
Title: Re: What are the major factors that affect the bitcoin price? Post by: legger on March 26, 2018, 03:15:43 PM IMO, FUD may be a factor that greatly affects the current bitcoin price. This can be interpreted as a brainwashing of people who want to invest here. How come? One's belief will change if bad news is widespread among them and change their view of bitcoin.
Title: Re: What are the major factors that affect the bitcoin price? Post by: 13abyknight on March 26, 2018, 03:17:49 PM From the past few months, I would put number four in your list as my number one. More than supply and demand, its been 'X' country banning Bitcoin while 'Y' country continuing its attempt to regulate it and 'Z' country accepting it completely. These news have taking a toll on the prices of Bitcoin over time and it looks to be trending in the same direction.
Title: Re: What are the major factors that affect the bitcoin price? Post by: forklif on March 26, 2018, 03:19:28 PM Now policy impact has very important effect to the price of the currency, in September 2017, the Chinese government's policy led to a bit of a drop in prices, in January 2018, South Korea and the policy of the Chinese government and lead to decline in the currency price! yes, it is true, policies made by some countries are bad for bitcoin, especially now that many negative news about bitcoin add bad effect again to bitcoin, like banning facebook and google.Title: Re: What are the major factors that affect the bitcoin price? Post by: btctestcolets on March 26, 2018, 03:27:58 PM Well of course the demand of bitcoin is the number one factor that affects bitcoin price. I think there are months, or seasons, that have effects on bitcoin. There are also people, who are also called whales, that have a direct impact on bitcoin. If they sell, bitcoin falls, if they buy, bitcoin rises. And of course, the FUD's have a great impact on bitcoin. But most of FUD's affect bitcoin in a negative way. Yes, agree with you., Other aspect may contribute also to the major effect of bitcoin price is implementing a new sets of rules and policies which tends to fall the price. One is declaration of a giant social media banned of promoting ads. to a new ICO which are developing from it to blockchain. Plus the another giant marketing network google which tighten the advertising of coins and ico. From circumstances it carries a big impact into the marginal marketing of digital currency which directly affect to the market value. Title: Re: What are the major factors that affect the bitcoin price? Post by: sumanto on March 26, 2018, 03:51:54 PM I think politics can be an influence of rising and falling prices as well, because there is so much politics involved in discussing bitcoin and mostly just giving bad news, so essentially what you mentioned is all true and politics becomes a new addition that can affect bitcoin prices.
Title: Re: What are the major factors that affect the bitcoin price? Post by: a31078 on March 26, 2018, 04:03:24 PM Other than your highlighted views , we can add effect of the Big boys/Big whales ways of manipulating the prices, since they are the major initial Bitcoin patronizers. Additionaly the last FUD with respect to Chinna banning Bitcoin and negative rumours like that from few other countries also have significant deffect on Bitcoin prices. In essence, widespread rumor such like this also affects the price of Bitcoin.
Title: Re: What are the major factors that affect the bitcoin price? Post by: plaintiff77 on March 26, 2018, 04:34:07 PM What factor merely affect the price of bitcoin is the demand. If a lot of people are doing exchange and cash out then it would make bitcoin to lower down and that is the perfect time to buy again a lot of bitcoin. Store it then trade at a later time. That is how we prove the volatility of bitcoin price.
Title: Re: What are the major factors that affect the bitcoin price? Post by: harrypotter1229 on March 26, 2018, 04:45:47 PM The most important factor affecting the price of bitcoin, I think, is market sentiment. Now the encrypted world is not lack of funds. Many large institutions and investors are going to enter the market. When the market is going down, these funds will not enter easily. If the market has policy support, then everyone's mood of encrypting money is very hot. At this time, it is easy to go up quickly.
Title: Re: What are the major factors that affect the bitcoin price? Post by: spartak-sbk on April 10, 2018, 11:19:41 AM The most important factor that affects the growth of the bitcoin price is demand (demand generates supply is known to everyone). Secondly, bitcoin is affected by the information flow of news.
Title: Re: What are the major factors that affect the bitcoin price? Post by: kaizerblitz on April 10, 2018, 11:27:33 AM Those panic seller that join the ride of dumping bitcoim those are the one of the factors that bitcoin affect the price and those called whale they are big hodler of bitcoin theya are easily manipulate bitcoin price.
Title: Re: What are the major factors that affect the bitcoin price? Post by: As roma on May 15, 2018, 07:33:46 PM Now policy impact has very important effect to the price of the currency, in September 2017, the Chinese government's policy led to a bit of a drop in prices, in January 2018, South Korea and the policy of the Chinese government and lead to decline in the currency price! The main factor Bitcoin prices are determined by demand and supply. As demand for bitcoin increases, prices increase and as demand falls, prices fall. Bitcoin is already circulating in number and new bitcoin is made with predictable and declining rates, which means demand must follow the inflation rate to keep prices stable. Since Bitcoin is still a relatively small market compared to the actual potential it can achieve, it does not require a large amount of money to drive up or down market prices, and therefore bitcoin prices are still very volatile. Title: Re: What are the major factors that affect the bitcoin price? Post by: Brangos99 on May 20, 2018, 05:15:26 AM The main factors that greatly affect the price of Bitcoin are the supply and demand in the market. If many people buy Bitcoin with a large amount of Bitcoin prices will soar. Conversely, if many bitcoiners sell Bitcoin, bitcoin prices will fall sharply.
Title: Re: What are the major factors that affect the bitcoin price? Post by: cmacwiz on May 20, 2018, 05:24:13 AM Bitcoin is the first most popular digital crypto-currency whose price is influenced by a wide range of factors. Ideally, the bitcoin price is normally expressed as the exchange rate of the bitcoin in relation to other currencies. With an upsurge in the adoption and usage of this digital currency, the demand for bitcoins has significantly increased in the recent past. The most important factor that influence the price of Bitcoin is DEMAND of Bitcoin for sure. If the demand is more and the supply is less than Bitcoin will surely become more valuable. Factors that affect the price of Bitcoin include: 1) Supply & Demand - At a basic level, the price movements of any cryptocurrency will be driven by its availability. The scarcer a digital coin is, the higher its price levels. In contrast, a virtual currency with an abundant supply will likely experience lower price levels. 2)Mining Difficulty - In the case of proof-of-work blockchains such as Bitcoin, the mining difficulty of a coin can also have a direct relationship with its price. A higher mining difficulty means that it is harder to mine an additional unit of a coin. This can have an impact on a coin’s perceived value, and subsequently its price, as increasing a coin’s supply will require more computing power to be used in the mining process. 3)Utility - A key factor that will affect a cryptocurrency’s price movement is its perceived utility. A virtual currency that possess no practical use will likely be viewed as having no value, which may be reflected with lower market price levels. For example, Ether’s price movements can be attributed to its perceived practical utility, that being a user’s ability to build and launch their own decentralized applications on the Ethereum platform 4)Market News - Market News can also affect a coin’s price movements. Positive or negative news reporting can be a heavy influencer of general market sentiment regarding a particular coin. Media reporting about a network hack for example is likely to drive prices down, whereas, coverage about a coin’s increasing adoption can result in positive market sentiment that drives a coin’s market price upward. Hope this helps a little! Happy bitcoin-ing!!! ;D ;D ;D Other factors which also affect the price of Bitcoin is Bitcoin's status around the globe. Any favourable news can take the price of Bitcoin to new heights for sure. Title: Re: What are the major factors that affect the bitcoin price? Post by: Chacon994 on May 20, 2018, 06:14:48 AM I think whales can cause bitcoin's price to rise and fall since they do have enormous holdings of bitcoin. So when they sell it, a dip will occur or it will rise if they buy it in volume. Another factor is the people's demand over bitcoin since it is a basic principle of economics about demand and supply. I also agree with you. There are a lot of BTC whales in the world and they may have ways to increase or decrease Bitcoin and Altcoin prices. They may have linked up and made money from usTitle: Re: What are the major factors that affect the bitcoin price? Post by: Twentyonepaylots on May 20, 2018, 06:37:13 AM Bitcoin is the first most popular digital crypto-currency whose price is influenced by a wide range of factors. Ideally, the bitcoin price is normally expressed as the exchange rate of the bitcoin in relation to other currencies. With an upsurge in the adoption and usage of this digital currency, the demand for bitcoins has significantly increased in the recent past. Factors that affect the price of Bitcoin include: 1) Supply & Demand - At a basic level, the price movements of any cryptocurrency will be driven by its availability. The scarcer a digital coin is, the higher its price levels. In contrast, a virtual currency with an abundant supply will likely experience lower price levels. 2)Mining Difficulty - In the case of proof-of-work blockchains such as Bitcoin, the mining difficulty of a coin can also have a direct relationship with its price. A higher mining difficulty means that it is harder to mine an additional unit of a coin. This can have an impact on a coin’s perceived value, and subsequently its price, as increasing a coin’s supply will require more computing power to be used in the mining process. 3)Utility - A key factor that will affect a cryptocurrency’s price movement is its perceived utility. A virtual currency that possess no practical use will likely be viewed as having no value, which may be reflected with lower market price levels. For example, Ether’s price movements can be attributed to its perceived practical utility, that being a user’s ability to build and launch their own decentralized applications on the Ethereum platform 4)Market News - Market News can also affect a coin’s price movements. Positive or negative news reporting can be a heavy influencer of general market sentiment regarding a particular coin. Media reporting about a network hack for example is likely to drive prices down, whereas, coverage about a coin’s increasing adoption can result in positive market sentiment that drives a coin’s market price upward. Hope this helps a little! Happy bitcoin-ing!!! ;D ;D ;D Nice treed on the above question, you've discussed almost everything except on some but very important. Crypto currency price value on the said project can change anytime on the crypto currency market trading because Bitcoin or ALT coin is very Volatile. Yes, it reacts on any bad news or good news just like the issues on banned,scammer, and the issue on regulation by countries with crypto currency digital transaction, the fundamental, market confidence on crypto currency investment, plus the global acceptance on crypto market trading with more participation of investors for ALT coin project. Title: Re: What are the major factors that affect the bitcoin price? Post by: bangkit tri on May 20, 2018, 07:01:33 AM I think whales can cause bitcoin's price to rise and fall since they do have enormous holdings of bitcoin. So when they sell it, a dip will occur or it will rise if they buy it in volume. Another factor is the people's demand over bitcoin since it is a basic principle of economics about demand and supply. I also agree with you. There are a lot of BTC whales in the world and they may have ways to increase or decrease Bitcoin and Altcoin prices. They may have linked up and made money from usTitle: Re: What are the major factors that affect the bitcoin price? Post by: b3j0 on May 20, 2018, 07:03:54 AM the latest news I know yesterday mtgox has sold a lot of bitcoin so yesterday bitcoin prices dropped below $ 8k.
Title: Re: What are the major factors that affect the bitcoin price? Post by: ladydark on May 20, 2018, 09:40:38 AM Definitely demand and supply had been considered as a major factor in deciding the bitcoin price.But nowadays,the market FUD has been playing a major role in deciding the fate of bitcoin.Its this fud which big whales had been using from the beginning to promote panic selling.
Title: Re: What are the major factors that affect the bitcoin price? Post by: Oyetunde1 on May 20, 2018, 02:40:13 PM Demand and supply is the main factor that determines the market of cryptocurrencies. Coupled with fundamental analysis
Title: Re: What are the major factors that affect the bitcoin price? Post by: pellor mas on May 20, 2018, 03:56:10 PM 1. Volume And Distribution of Bitcoin
As a relatively young digital currency, Bitcoin voluem is still very small when compared to other assets such as gold, let alone conventional currencies like the US Dollar. 2. Speculation of Trader Believe it or not, the number of Bitcoin users who make it a trading asset is more than those who actually use it as a medium of exchange. Title: Re: What are the major factors that affect the bitcoin price? Post by: Lagrood on May 20, 2018, 04:06:16 PM As far as I know it usually happens that after dropping it begins a new growing phase I mean that a bearish phase of market predates a bullish one. We saw a huge growing in BTC as well as falling after that. Logically the next market phase has to be an upward trend. I have already bought coins in my portfolio and I would recommend all investors to have a look at crypto market because it is now very good for investing.
I mean that for me it is crucial factor that BTC is very low now and it is a good chance to buy. Title: Re: What are the major factors that affect the bitcoin price? Post by: maarx on May 20, 2018, 04:17:07 PM The major facts that affect bitcoin price is mainly its fluctuations. The price would not increase and not decrease. It struggles to get increase more. Due to false news spread about the bitcoin is also affect the bitcoin growth. False news like bitcoin going to ban would affect the price. Due to this people afraid to hold or invest in bitcoin. This makes demand of supply in the crypto market. So the price would automatically affect this reason.
Title: Re: What are the major factors that affect the bitcoin price? Post by: amih on May 20, 2018, 04:20:02 PM the first thing that really affect the bitcoin market is of course it depends on the market demand. and the fundamental question is whether the factors that make everyone think to buy or otherwise sell. every person would have their own perception of what causes people to buy or sell bitcoin and personally I think the thing that causes it to happen is the first of course from various news from social media or others that will affect the bitcoin price. the second is certainly the legalization done by the government and I think it will greatly affect the rise in bitcoin prices. and of course there are many other factors that will affect the movement of bitcoin prices.
Title: Re: What are the major factors that affect the bitcoin price? Post by: puadalupe on May 21, 2018, 05:15:24 PM Bitcoin is the first most popular digital crypto-currency whose price is influenced by a wide range of factors. Ideally, the bitcoin price is normally expressed as the exchange rate of the bitcoin in relation to other currencies. With an upsurge in the adoption and usage of this digital currency, the demand for bitcoins has significantly increased in the recent past. Note that because of the decentralized nature of this currency, the bitcoin price is not normally controlled by any company, organization or government. This means that before you try to predict the rise or fall in the price of bitcoins, it is important to understand what causes the same. Below are some of the main factors that can influence the bitcoin price:
Title: Re: What are the major factors that affect the bitcoin price? Post by: osh5 on May 21, 2018, 05:41:09 PM There are several major factors that affect the bitcoin price. Supply and demand for the Bitcoins being the first one. If the supply doesn't meet the demand it would certainly increase the prices of Bitcoin.
Second factor would be the government regulations and laws in a country. Countries like Japan where they have been accepted as a legalised mode of payment cause increase in the prices of Bitcoin and countries where it has been not given legal position, prices would automatically go down. Third factor influencing the price of the bitcoin would be the positive and negative media feedback and news that influence the minds of many people and encourage or restrict them from investing or selling Bitcoins. Other important factor would be the technological changes. The more better technological advances the more promising future Bitcoins would hold. Newer technology would motivate people to learn the working and utilise it to achieve maximum profits. Better advancements in the working of Bitcoins would make sure that they top the charts among other block chain based coins. :) Title: Re: What are the major factors that affect the bitcoin price? Post by: Lodipetmalu on May 21, 2018, 05:53:44 PM The major factor that will affects the bitcoin price was the people buy and seeling bitcoin. Once there were many people willing to buy bitcoin while a limited stocks of bitcoin it will leads to increase in price and on vise versa. We call that law on supply and demand.
Title: Re: What are the major factors that affect the bitcoin price? Post by: nuwick on May 21, 2018, 06:14:52 PM Each time a government releases official statements about the regulation of digital currencies, the price of bitcoin is normally affected. Even if the actions of that government are not related to the virtual currencies directly, the impact will still be felt. A good example of this can be derived from the Cyprus banking crisis, where the government seized funds. This prompted discussions on whether Cyprus should adopt Bitcoins as their new currency.
Title: Re: What are the major factors that affect the bitcoin price? Post by: websoftwareengineer on May 21, 2018, 06:18:02 PM Bitcoin is the first most popular digital crypto-currency whose price is influenced by a wide range of factors. Ideally, the bitcoin price is normally expressed as the exchange rate of the bitcoin in relation to other currencies. With an upsurge in the adoption and usage of this digital currency, the demand for bitcoins has significantly increased in the recent past. Factors that affect the price of Bitcoin include: 1) Supply & Demand - At a basic level, the price movements of any cryptocurrency will be driven by its availability. The scarcer a digital coin is, the higher its price levels. In contrast, a virtual currency with an abundant supply will likely experience lower price levels. 2)Mining Difficulty - In the case of proof-of-work blockchains such as Bitcoin, the mining difficulty of a coin can also have a direct relationship with its price. A higher mining difficulty means that it is harder to mine an additional unit of a coin. This can have an impact on a coin’s perceived value, and subsequently its price, as increasing a coin’s supply will require more computing power to be used in the mining process. 3)Utility - A key factor that will affect a cryptocurrency’s price movement is its perceived utility. A virtual currency that possess no practical use will likely be viewed as having no value, which may be reflected with lower market price levels. For example, Ether’s price movements can be attributed to its perceived practical utility, that being a user’s ability to build and launch their own decentralized applications on the Ethereum platform 4)Market News - Market News can also affect a coin’s price movements. Positive or negative news reporting can be a heavy influencer of general market sentiment regarding a particular coin. Media reporting about a network hack for example is likely to drive prices down, whereas, coverage about a coin’s increasing adoption can result in positive market sentiment that drives a coin’s market price upward. Hope this helps a little! Happy bitcoin-ing!!! ;D ;D ;D I believe that FUD is one of the reason for the drastic changes of cryptocurrency and because of that, the price in the market might decrease or increase depending on how many people is being affected daily. Title: Re: What are the major factors that affect the bitcoin price? Post by: Yurkov on May 21, 2018, 06:48:30 PM The major factor that will affects the bitcoin price was the people buy and seeling bitcoin. Once there were many people willing to buy bitcoin while a limited stocks of bitcoin it will leads to increase in price and on vise versa. We call that law on supply and demand. And that would make bitcoin rise in future, for me it will be going very fast up when the amount of it will be going to be mined, that could make bitcoin even more than 100k$ in my opinion or around this price. Title: Re: What are the major factors that affect the bitcoin price? Post by: Blue Bell on May 21, 2018, 07:49:06 PM Bitcoin is the first most popular digital crypto-currency whose price is influenced by a wide range of factors. Ideally, the bitcoin price is normally expressed as the exchange rate of the bitcoin in relation to other currencies. With an upsurge in the adoption and usage of this digital currency, the demand for bitcoins has significantly increased in the recent past. The most important factor that influence the price of Bitcoin is DEMAND of Bitcoin for sure. If the demand is more and the supply is less than Bitcoin will surely become more valuable. Factors that affect the price of Bitcoin include: 1) Supply & Demand - At a basic level, the price movements of any cryptocurrency will be driven by its availability. The scarcer a digital coin is, the higher its price levels. In contrast, a virtual currency with an abundant supply will likely experience lower price levels. 2)Mining Difficulty - In the case of proof-of-work blockchains such as Bitcoin, the mining difficulty of a coin can also have a direct relationship with its price. A higher mining difficulty means that it is harder to mine an additional unit of a coin. This can have an impact on a coin’s perceived value, and subsequently its price, as increasing a coin’s supply will require more computing power to be used in the mining process. 3)Utility - A key factor that will affect a cryptocurrency’s price movement is its perceived utility. A virtual currency that possess no practical use will likely be viewed as having no value, which may be reflected with lower market price levels. For example, Ether’s price movements can be attributed to its perceived practical utility, that being a user’s ability to build and launch their own decentralized applications on the Ethereum platform 4)Market News - Market News can also affect a coin’s price movements. Positive or negative news reporting can be a heavy influencer of general market sentiment regarding a particular coin. Media reporting about a network hack for example is likely to drive prices down, whereas, coverage about a coin’s increasing adoption can result in positive market sentiment that drives a coin’s market price upward. Hope this helps a little! Happy bitcoin-ing!!! ;D ;D ;D Other factors which also affect the price of Bitcoin is Bitcoin's status around the globe. Any favourable news can take the price of Bitcoin to new heights for sure. Title: Re: What are the major factors that affect the bitcoin price? Post by: Dreamchaser21 on May 21, 2018, 08:04:05 PM Definitely demand and supply had been considered as a major factor in deciding the bitcoin price.But nowadays,the market FUD has been playing a major role in deciding the fate of bitcoin.Its this fud which big whales had been using from the beginning to promote panic selling. News is really a big thing n cryptoworld but we must not forget about the whales that is trying to control the market and trying to set a price for every good coin. The price will depend on the supply and demand buy it is being movr by the reaction of every investors. Title: Re: What are the major factors that affect the bitcoin price? Post by: surfinonmyownwavebaby on May 21, 2018, 09:27:43 PM Out of all those factors, sadly I believe #4 to have the most effect on the market. Although #1 is the force that drives the market, #4 has more sway than it should and for that reason I believe it has the biggest effect. You see people reacting to fake news even, because people can't be bothered to corroborate a story. Instead they act on a whim, and that is why the market acts irrationally from time to time.
Title: Re: What are the major factors that affect the bitcoin price? Post by: shiki3226 on May 21, 2018, 10:01:33 PM One of the main factors affecting the price of bitcoin and generally, the rest of cryptocurrencies would be the supply availability for bitcoin.
Title: Re: What are the major factors that affect the bitcoin price? Post by: ThorWin on May 22, 2018, 03:52:20 AM the latest news I know yesterday mtgox has sold a lot of bitcoin so yesterday bitcoin prices dropped below $ 8k. BTC supply too much, perhaps investors fear the BTC will collapse. As such, they will lose money, so they decided to sell them out of the market, thus reducing the BTC price over time. If everyone holds the BTC price will go up to the moon in the future.Title: Re: What are the major factors that affect the bitcoin price? Post by: ynclksnr321 on May 22, 2018, 04:42:31 AM At the beginning of the factors that influence on bitcoin, I think the approach of the states and the state of the stock exchange. Positive views of the states or, on the contrary, insecure situations that live in the stock markets can make the bi-directional bitcoin effective very quickly. Besides, I think that panic sales also have an impact.
Title: Re: What are the major factors that affect the bitcoin price? Post by: Searing on May 22, 2018, 04:51:24 AM Right now mt. gox has to move 1.4 Billion USD of BTC out on the liquidation, IMHO by the end of the year...( I can't see the trustee not getting paid for the liquidation, because he did not get this wrapped up soonest!) That is about 250 million sold BTC a month or some such...giving him time to wrap it all up by Jan 1st, 2019... I just can't see them NOT wrapping this up and waiting longer than that for their 3rd year is it.....they got to move the coin..again, IMHO So, add this with the regular FUD and we are likely to be lucky to even see the price between 7800 and 8500 now ugly, ugly Title: Re: What are the major factors that affect the bitcoin price? Post by: kendedese on May 22, 2018, 05:04:39 AM I think the number 4 most influential on bitcoin prices, because bad news can make investors panic sell and there will be a lot of bitcoin sales so that bitcoin prices will go down.
Title: Re: What are the major factors that affect the bitcoin price? Post by: ufaiz50 on May 22, 2018, 05:17:23 AM Literally the four things that affect the bitcoin price is true, but in modern times where we can easily access the news, so I think the main thing that affects bitcoin prices is news, many fuds that make users frantically especially new users, this happened a few months ago, not just in bitcoin alone but other cryptocurrency
Title: Re: What are the major factors that affect the bitcoin price? Post by: kmil91712 on May 22, 2018, 05:23:08 AM [...] Factors that affect the price of Bitcoin include: 1) Supply & Demand - At a basic level, the price movements of any cryptocurrency will be driven by its availability. The scarcer a digital coin is, the higher its price levels. In contrast, a virtual currency with an abundant supply will likely experience lower price levels. [...] You omitted looking at the Demand side of things, which by itself can be broken up in 2 factors :) i) Community -- The larger the community behind a cryptocurrency, the more people involved, the higher the demand. Bitcoin's community has vastly grown over the years. ii) Availability -- The ease of buying a cryptocurrency. While exchanges are currently overwhelmed with verifying new customers, it has never been so easy to buy cryptocurrencies. On a higher level I would also add Trustworthiness: The more people trust in a cryptocurrency, the less prone they are to panic selling, making for a stabler market. I was also thinking along the lines of demands too but in general, by breaking into two categories like you did it makes me see it from another perspective. Title: Re: What are the major factors that affect the bitcoin price? Post by: Cinemo on May 22, 2018, 05:41:12 AM Bitcoin is the first most popular digital crypto-currency whose price is influenced by a wide range of factors. Ideally, the bitcoin price is normally expressed as the exchange rate of the bitcoin in relation to other currencies. With an upsurge in the adoption and usage of this digital currency, the demand for bitcoins has significantly increased in the recent past. the main factors of bitcoin even in other cryptocurrency is Government. i know that well cause government can interrupt the doings in bitcoin. government can stop bitcoin doings everywhere. in every country. i wish that bitcoin will not be ban on our country philippines cause i know we will have a good economyFactors that affect the price of Bitcoin include: 1) Supply & Demand - At a basic level, the price movements of any cryptocurrency will be driven by its availability. The scarcer a digital coin is, the higher its price levels. In contrast, a virtual currency with an abundant supply will likely experience lower price levels. 2)Mining Difficulty - In the case of proof-of-work blockchains such as Bitcoin, the mining difficulty of a coin can also have a direct relationship with its price. A higher mining difficulty means that it is harder to mine an additional unit of a coin. This can have an impact on a coin’s perceived value, and subsequently its price, as increasing a coin’s supply will require more computing power to be used in the mining process. 3)Utility - A key factor that will affect a cryptocurrency’s price movement is its perceived utility. A virtual currency that possess no practical use will likely be viewed as having no value, which may be reflected with lower market price levels. For example, Ether’s price movements can be attributed to its perceived practical utility, that being a user’s ability to build and launch their own decentralized applications on the Ethereum platform 4)Market News - Market News can also affect a coin’s price movements. Positive or negative news reporting can be a heavy influencer of general market sentiment regarding a particular coin. Media reporting about a network hack for example is likely to drive prices down, whereas, coverage about a coin’s increasing adoption can result in positive market sentiment that drives a coin’s market price upward. Hope this helps a little! Happy bitcoin-ing!!! ;D ;D ;D Title: Re: What are the major factors that affect the bitcoin price? Post by: genixye on May 22, 2018, 05:48:50 AM The government's attitude determines the direction of bitcoin prices.
Although blockchain technology is the direction of development, if the government denies bitcoin, its price will fall sharply. Title: Re: What are the major factors that affect the bitcoin price? Post by: Geleve on May 22, 2018, 06:13:30 AM well i believe that rumours are the one of the main things that affect bitcoin price. rumours are coming from some twitter accounts and telegram channels or with some fake news in sites.
Title: Re: What are the major factors that affect the bitcoin price? Post by: 1Referee on May 22, 2018, 06:55:53 AM Right now mt. gox has to move 1.4 Billion USD of BTC out on the liquidation, IMHO by the end of the year...( I can't see the trustee not getting paid for the liquidation, because he did not get this wrapped up soonest!) That is about 250 million sold BTC a month or some such...giving him time to wrap it all up by Jan 1st, 2019... I just can't see them NOT wrapping this up and waiting longer than that for their 3rd year is it.....they got to move the coin..again, IMHO So, add this with the regular FUD and we are likely to be lucky to even see the price between 7800 and 8500 now ugly, ugly You assume that they will be sold through the regular channels, but that doesn't have to be the case. BitFlyer is a large exchange having plenty of large clients all willing to make a deal off the regular market, often referred to as OTC trades. The MtGox trustee's job is done and over with enough cash in the bank, so what is there left for him to do with the coins? It's up to the authorities to take things to the next level now. Currently there are ~138,000BTC left which at current levels of around $8300 means $ 1,145 billion in asset value (without BCH). No one is forced to move anything, so if the authorities don't see any point or benefit in doing anything with them, they will stay right there for plenty of more years. Imagine them using these funds to settle an international deal in Bitcoin with another government. Japan has definitely the lead in everything related to Bitcoin, so it definitely wouldn't surprise me. At the end of the day, it strengthens their financial position to just keep holding them, especially with the potential growth in mind. And if the coins will ever get sold it means we have no longer anything to worry about since they only have a limited number of coins. Eventually they will run out. It's not a fiat press that keeps creating value out of nothing. :D Title: Re: What are the major factors that affect the bitcoin price? Post by: tilabial on May 22, 2018, 03:59:23 PM Every exchange transaction that involves the selling of bitcoin, i.e. exchanging for fiat or another cryptocurrency causes a downtick in the price of Bitcoin. Let us consider the last example listed above, namely usage of the Bitcoin network as a means of money transmission.
Title: Re: What are the major factors that affect the bitcoin price? Post by: SixOfFive on May 24, 2018, 12:26:49 PM Another very important point that affects the Bitcoin price is the Bitcoin users and developers. Trust factor plays a crucial role in cryptocurrency environment. In spite of several other Altcoins being developed with more superior features than Bitcoin, it is still the most valued currency because of the trust the community places on the currency. The latest advancements and innovative efforts in technology also have the power to influence the price of Bitcoin.
Title: Re: What are the major factors that affect the bitcoin price? Post by: Vaskiy on May 24, 2018, 12:34:24 PM These days the negative things and the regulations around the globe making a big impact upon the price of bitcoin. At every price drop there is a negative news, which easily make the user community into a dilemma whether to proceed further while whales manipulate it as an opportunity to shatter the price.
Title: Re: What are the major factors that affect the bitcoin price? Post by: kloinko1n on May 24, 2018, 01:44:34 PM Another factor well-nigh which this people victimisation crypto currency acceptance did not say.
Title: Re: What are the major factors that affect the bitcoin price? Post by: musdafakfl on May 24, 2018, 02:06:57 PM Bitcoin is the first most popular digital crypto-currency whose price is influenced by a wide range of factors. Ideally, the bitcoin price is normally expressed as the exchange rate of the bitcoin in relation to other currencies. With an upsurge in the adoption and usage of this digital currency, the demand for bitcoins has significantly increased in the recent past. Factors that affect the price of Bitcoin include: 1) Supply & Demand - At a basic level, the price movements of any cryptocurrency will be driven by its availability. The scarcer a digital coin is, the higher its price levels. In contrast, a virtual currency with an abundant supply will likely experience lower price levels. 2)Mining Difficulty - In the case of proof-of-work blockchains such as Bitcoin, the mining difficulty of a coin can also have a direct relationship with its price. A higher mining difficulty means that it is harder to mine an additional unit of a coin. This can have an impact on a coin’s perceived value, and subsequently its price, as increasing a coin’s supply will require more computing power to be used in the mining process. 3)Utility - A key factor that will affect a cryptocurrency’s price movement is its perceived utility. A virtual currency that possess no practical use will likely be viewed as having no value, which may be reflected with lower market price levels. For example, Ether’s price movements can be attributed to its perceived practical utility, that being a user’s ability to build and launch their own decentralized applications on the Ethereum platform 4)Market News - Market News can also affect a coin’s price movements. Positive or negative news reporting can be a heavy influencer of general market sentiment regarding a particular coin. Media reporting about a network hack for example is likely to drive prices down, whereas, coverage about a coin’s increasing adoption can result in positive market sentiment that drives a coin’s market price upward. Hope this helps a little! Happy bitcoin-ing!!! ;D ;D ;D First of all, I thank you for the subtitles and details you gave. In addition to what you wrote, I would like to add the reasons for whale moves and panic sales because these two factors are one of the two major problems we often face. So if you add these factors in your own message, you are satisfied. Title: Re: What are the major factors that affect the bitcoin price? Post by: soul-impact on May 24, 2018, 02:29:12 PM The factors that affect bitcoin are the need for investors to bitcoin. Legality of botcoin. The economic development of a country also affects the bitcoin value.
Title: Re: What are the major factors that affect the bitcoin price? Post by: TanteStefana on May 24, 2018, 02:35:59 PM They are also news, worldly leaders decisions, countries regulations, whales, emotions and etc. everything does make a difference.
Title: Re: What are the major factors that affect the bitcoin price? Post by: Finestream on May 24, 2018, 03:23:59 PM They are also news, worldly leaders decisions, countries regulations, whales, emotions and etc. everything does make a difference. Yes they are all factors that totally affected bitcoin price.But i think it's more on supply and demand and those media pressures that will totally changed btc price instantly.Panic selling is also a major factor since its decreasing the number of investors due to uncontrolled emotions by some people who cannot overcome their fears and decided to jump on panic selling.Title: Re: What are the major factors that affect the bitcoin price? Post by: kive2k on May 24, 2018, 03:25:36 PM I think the price depends on demand, popularity on bitcoin. News and announcements about bitcoin play no small role. Another price may well depend on holders of large assets.
Title: Re: What are the major factors that affect the bitcoin price? Post by: sepeda karat on May 24, 2018, 04:15:38 PM there are several factors that affect the price of Bitcon
1. Volume and Distribution of Bitcoin As a relatively young digital currency, Bitcoin voluem is still very small when compared with other assets such as gold, let alone conventional currency such as US Dollar. 2. Merchant Speculation Believe it or not, the number of Bitcoin users who make it a trading asset more than those who actually use it as a medium of exchange. 3. Fraud Mode Involves Bitcoin Due to its large potential, many irresponsible parties then make Bitcoin a new fraud object involving investors. Title: Re: What are the major factors that affect the bitcoin price? Post by: aleenoe335 on May 24, 2018, 05:16:52 PM Drastic changes in Bitcoin prices in a short time can make us feel trapped, especially after buying Bitcoin but the price suddenly dropped so that its value is not enough to be used to pay for the goods we want. If we panic, we may soon buy Bitcoin again to get an equivalent value. And if we know the determinants of Bitcoin prices, we can predict when the price of Bitcoin can rise again, so that the value will be sufficient to buy the desired goods.factors that influence. Volume And Spreading Bitcoin, Trader Speculation, Fraud Mode Involving Bitcoin.
Title: Re: What are the major factors that affect the bitcoin price? Post by: tdtduy on June 13, 2018, 02:40:59 PM In my opinion, there are three factors that affect Bitcoin pricing:
1. Popularity: This is the government's approval for Bitcoin trading in trading activities. 2. Market information: Experts, investors on the growth and decline of the value of Bitcoin. This often affects small investors. 3. Value of Bitcoin: The appeal of Bitcoin to investors, especially large investors. It will greatly increase the value of Bitcoin. Title: Re: What are the major factors that affect the bitcoin price? Post by: Coffee135 on June 13, 2018, 02:58:32 PM I think that big whales now replaced the smaller whales. There are many orders on the exchanges that are placed to create panic among small traders. I do not know how to fight this phenomenon, but we are completely in the hands of large capital. I have now paused in the trade and will look at the development of the situation.
Title: Re: What are the major factors that affect the bitcoin price? Post by: BurakTurk on June 13, 2018, 03:02:29 PM One of the main factors affecting the price of bitcoin and generally, the rest of cryptocurrencies would be the supply availability for bitcoin.
Title: Re: What are the major factors that affect the bitcoin price? Post by: DMCR lah on June 13, 2018, 03:13:50 PM the factors that affect bitcoin
1. Volume And Distribution of Bitcoin As a relatively young digital currency, Bitcoin voluem is still very small when compared to other assets such as gold, let alone conventional currencies like the US Dollar. As of Q4 2015, the amount of Bitcoin in circulation is only about 14 million, or much smaller than the US Dollar total of 1.3 trillion USD. 2. Speculation of Trader Believe it or not, the number of Bitcoin users who make it a trading asset is more than those who actually use it as a medium of exchange. This is because the relevance of Bitcoin itself is still minimal, so its use has not been spread and familiar among the wider community. For example, you may find it difficult to find a nearby store that accepts payments with Bitcoin. 3. Fraud Mode Involving Bitcoin Because of its large potential, many parties are not responsible then make Bitcoin as a new object of fraud involving investors. They will persuade potential investors to entrust their Bitcoin with the lure of being able to grow profit on a regular basis. Title: Re: What are the major factors that affect the bitcoin price? Post by: Peashooter on June 13, 2018, 05:10:00 PM I think whales can cause bitcoin's price to rise and fall since they do have enormous holdings of bitcoin. So when they sell it, a dip will occur or it will rise if they buy it in volume. Another factor is the people's demand over bitcoin since it is a basic principle of economics about demand and supply. Whales are one of the factor that affect the price to change because they can easily manipulate the price and they can dump or pump the price of bitcoin. In addition to that, I think the supply and demand of bitcoin is the main factor why the price is always change.Title: Re: What are the major factors that affect the bitcoin price? Post by: Cherylstar86 on June 13, 2018, 05:23:28 PM I think whales can cause bitcoin's price to rise and fall since they do have enormous holdings of bitcoin. So when they sell it, a dip will occur or it will rise if they buy it in volume. Another factor is the people's demand over bitcoin since it is a basic principle of economics about demand and supply. Whales are one of the factor that affect the price to change because they can easily manipulate the price and they can dump or pump the price of bitcoin. In addition to that, I think the supply and demand of bitcoin is the main factor why the price is always change.Exactly, those big whales gives a big rule here in crypto currency community. I believe someday those red days in the market will definitely recover as soon those big whales will invest huge amount in the crypto currency community. As the red days in the market getting longer, it gives a huge chance by those investors to buy back and soon it will give a great amount of profit in the next coming days. Title: Re: What are the major factors that affect the bitcoin price? Post by: spyerf on June 13, 2018, 05:28:49 PM Factors affecting bitcoin prices !! Possibly affecting bitcoin prices is due to the large number of enthusiasts and the limited total supple, and the number of people investing in bitcoin also includes things that affect bitcoin price increases, and the number of new businesses that can influence the rise in bitcoin prices, the more ICO is launched then will also rise bitcoin prices. but I think something that greatly affects the value of every crypto coin is good news and bad news spread all over the media. because it strongly encourages the sale and purchase of crypto coins in large quantities thus making the change in value. Title: Re: What are the major factors that affect the bitcoin price? Post by: Nboramir on June 13, 2018, 07:40:49 PM I think bitcoin is affected by many things. Like all other currencies its value is decided by huge multinational corporations and very strong lobbying systems. Other than that whenever a country decided to legalize or use bitcoin or bitcoin is mentioned in the media it’s value increases and whenever a country decides to block bitcoin’s usage or something negative is mentioned in the media it’s value decreases.
Title: Re: What are the major factors that affect the bitcoin price? Post by: laravuemaster on June 13, 2018, 09:30:52 PM Bitcoin is the first most popular digital crypto-currency whose price is influenced by a wide range of factors. Ideally, the bitcoin price is normally expressed as the exchange rate of the bitcoin in relation to other currencies. With an upsurge in the adoption and usage of this digital currency, the demand for bitcoins has significantly increased in the recent past. Factors that affect the price of Bitcoin include: 1) Supply & Demand - At a basic level, the price movements of any cryptocurrency will be driven by its availability. The scarcer a digital coin is, the higher its price levels. In contrast, a virtual currency with an abundant supply will likely experience lower price levels. 2)Mining Difficulty - In the case of proof-of-work blockchains such as Bitcoin, the mining difficulty of a coin can also have a direct relationship with its price. A higher mining difficulty means that it is harder to mine an additional unit of a coin. This can have an impact on a coin’s perceived value, and subsequently its price, as increasing a coin’s supply will require more computing power to be used in the mining process. 3)Utility - A key factor that will affect a cryptocurrency’s price movement is its perceived utility. A virtual currency that possess no practical use will likely be viewed as having no value, which may be reflected with lower market price levels. For example, Ether’s price movements can be attributed to its perceived practical utility, that being a user’s ability to build and launch their own decentralized applications on the Ethereum platform 4)Market News - Market News can also affect a coin’s price movements. Positive or negative news reporting can be a heavy influencer of general market sentiment regarding a particular coin. Media reporting about a network hack for example is likely to drive prices down, whereas, coverage about a coin’s increasing adoption can result in positive market sentiment that drives a coin’s market price upward. Hope this helps a little! Happy bitcoin-ing!!! ;D ;D ;D Supply and demand is the biggest factor in the market because if most of the people will prefer on investing more than selling then the demand will increase and the price as well. Title: Re: What are the major factors that affect the bitcoin price? Post by: sana54210 on June 16, 2018, 06:20:35 AM One of the main factors affecting the price of bitcoin and generally, the rest of cryptocurrencies would be the supply availability for bitcoin. Availability of other coins for bitcoin, this might be one of the major issue bitcoin is now facing. We all know that bitcoin was the first coin that happened to exist and create a new world of crypto, but now as many coins just showed up, you can’t just say this would be better enough for bitcoin. There are mix effects of these coins for bitcoin so let’s be them to be there in market.Title: Re: What are the major factors that affect the bitcoin price? Post by: zakariajaki on June 16, 2018, 07:28:12 AM additional opinion from me which is the factor of ups and downs of the price of crypto: the first politics is very influential with the existence and sustainability of the future crypto, because related to the legalization of crypto as one of public investment, politics related to regulation from the government, the second public news is now an uptodate society always curious about the news, the three socio-culture when a preaching news related to the news will definitely have a big impact on the issues that reached the community and it becomes an addition of me hopefully useful and successful for all of us
Title: Re: What are the major factors that affect the bitcoin price? Post by: MiXxe on June 16, 2018, 08:08:04 AM I think the price depends on demand, popularity on bitcoin. News and announcements about bitcoin play no small role. Another price may well depend on holders of large assets. And it actually depends on us as well as how each of us,bitcoin users and investors move to help bitcoin go back to it's peak price. The movement is within all of us. We are the answer how to add more market, by the word of mouth. Through sharing about bitcoin. Through allowing other people to know about bitcoin. By sharing some of our earnings to people in need especially in charity so they could see how bitcoin have helped us financially. With that, they will be encouraged to be one of us, Traders and investors of bitcoin. |