Bitcoin Forum

Hi,
is there anything else, which affects up and down the bitcoin currency?
why go up and down so sharply?

Thanks before  :)

The price at which people are willing to buy and sell bitcoins affects the price.  This is affected by the negative or positive perception of news regarding bitcoins...

^ yes. Think of it like stocks. The general demand for exchange is what fuels current exchange rate for Bitcoins

To paraphrase a cool statement from a friend, "A Bitcoin will always be worth a Bitcoin." Just thinking out loud:)

rabid fear and greed

That's exactly how a free market looks.

Until recently it was very easy to manipulate the price. If you sold off a thousand BTC (just to throw out a random amount) and then bought after the sledding stopped you could multiply your stash.

It's not as easy to do that now and will become much harder as time goes on. The amounts required to scare the market will become increasingly higher as confidence goes up and the possibility of a return decreases.

Leaves falling in the forest.

Potato.

The single most importan parameter is the number of users. On top of that, we have speculation. The speculators considers the news, and different speculators make wildly wrong short time predictions in both directions based on it.

One thing that people are forgetting is how many new technologies, products, and services come out for Bitcoin. They make Bitcoin more attractive, draw in new users, and also accelerate the velocity of money. They are key drivers for Bitcoin.

Bitcoin is functioning in a chaotic free market economy and is dictated by that. If say there is Bad news in China or another country regarding Bitcoin there is usually a sell off. If the big whales decide to do a pump and dump there is a sell off. If there is good news regarding bitcoin like some new business taking it on or another bitcoin startup is successful then price goes up as well as the demand driving the price up more and more over time as more and more people want to own and buy bitcoins.

Panic sellers effect the price.


Yeah, a Bitcoin will always be worth a Bitcoin. Maybe one day we will peg $ & £ to BTC instead.

and the number of stores that accept bitcoin.

Idiots who listen to the troll box on blockchain.

So many things affect and effect the cost of BTC i dont think we could name more than 50% of all the things that effect the price.   

If every country brings regulation to trade these currencies, it grows slowly. Is there any base value to these currencies?

 ;D ;D ;D Scam and Sensibility

This -> Confirmed Bad News Sources Thread - No FUD, Just Facts!!!1 (https://bitcointalk.org/index.php?topic=412280.0)

:)

the rise and fall in values of bitcoin is pretty close to the way mortgage interest rates increase and decrease.   They shift back and forth from economic reports and speculation almost exactly the same

Currently, the biggest factor in the price is the adoption rate. ie: Number of bitcoin wallets created.

In the future, the movement of other currencies will affect it's price. That is when adoption rate maxes out.

Many markets seem exactly like this :D

This is the long-term factor.
The short-term factor are FUD and pump and dump. :P

Simply supply & demand... How people view bitcoin's long term value.. etc  8)

I am becoming more and more convinced that the key parameter affecting Bitcoin price is how much Bitcoin the whales want to expand and contract the supply of Bitcoins on the market, since 80% of all trading is probably done by these guys passing volumes of coin around their various wallets. A surge in public demand coupled with a contraction in the supply of actual Bitcoins is exactly the ingredients required to send the nominal value through the roof. Classic cornered market stuff.......how sustainable this is in the longer term, is another matter.

In this sense, what makes the Bitcoin whale any different to the Money Masters who control the supply of Fiat currency and its spending power?

Allot of things affect the price of Bitcoin.

Mostly the buying and selling of Bitcoin though. Which is influenced by news and speculation.
Right now I can see people who play the big stock exchanges getting into Bitcoin and Altcoin day trading.

Fun fact, I have no idea how to buy a stock of Facebook Twitter Microsoft or Apple.
Most people don't, Bitcoin is really easy to buy "stocks" of. You can buy it and sell it to a random person if you don't want to go through the big regulated exchanges.

Bitcoins price has been quite stable the past month.

Look at my previous posts and you will be enlightened. Most people on here are clueless highschoolers. No problem though.