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cbase (OP)
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May 17, 2015, 03:33:26 AM |
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What are the factors that affect the price of bitcoin making it higher and lower from time to time?
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Miracal
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May 17, 2015, 03:56:07 AM |
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What are the factors that affect the price of bitcoin making it higher and lower from time to time?
From the long term, there are some factors, such as the adoption rate, real application and its ecosystem etc. |
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philipma1957
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'The right to privacy matters'
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May 17, 2015, 04:10:58 AM |
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Demand from investors. Hedge fund people. Miners Etc.
Right now it seems to be not enough demand for the coins.
@Op
How many do you hold?
How many do you churn?
I typically hold 10 to 20.
I churn 10 coins a week.
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btc-facebook
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Merit: 1015
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May 17, 2015, 04:15:49 AM |
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I typically hold 10 to 20.
I churn 10 coins a week.
Wow .. you're holding so much coin meanwhile I'm only about BTC 1 Is holding some bicoin will also affect the price of bitcoin ? |
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louise123
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May 17, 2015, 04:40:55 AM |
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Demand from investors. Hedge fund people. Miners Etc.
Right now it seems to be not enough demand for the coins.
@Op
How many do you hold?
How many do you churn?
I typically hold 10 to 20.
I churn 10 coins a week.
That is interesting... Do you mine for it? Or (probably) an early adopter or something? |
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Kyraishi
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May 17, 2015, 04:43:38 AM |
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I typically hold 10 to 20.
I churn 10 coins a week.
Wow .. you're holding so much coin meanwhile I'm only about BTC 1 Is holding some bicoin will also affect the price of bitcoin ?Yes. If there is a lot of people that hold most of their coins (which there is but not as many as the ones who sell), then the price will go higher as the demand will be more than the supply. |
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BlitzandBitz
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May 17, 2015, 04:49:09 AM |
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A lot of the price right now is controlled by people trading every few seconds just to gain a little more.
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crazyivan
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DMD Diamond Making Money 4+ years! Join us!
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May 17, 2015, 05:44:54 AM |
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If you try to make a sensible trading strategy, DONT.
It s not possible to predict the price movement, you ll simply lose money. The only thing that can cause rapid price growth if Wall Street. If these guys get it, it Xmass.
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Amph
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May 17, 2015, 06:26:29 AM
Last edit: May 17, 2015, 03:06:06 PM by Amph |
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it's a run between buyers and sellers, and a psychological thing too, or shorters vs longers, bearish vs bullish and so on
also the trend is important, because some bullish can become bearish if they see that the trend is to short heavily
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bornil267645
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May 17, 2015, 06:48:09 AM |
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User's movement is the most important thing that controls the movement of the bitcoin market. The way a buyer buys or a seller sells, number of the buy, the movement of the investors are the factors that control the bitcoin price.
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Kprawn
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May 17, 2015, 06:50:29 AM |
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Like with anything else.... Supply and demand. We have NEW coins coming in from miners {Block rewards} = Supply increase. Then we have people holding on to the coins they buy = Supply decrease / Then we have people selling on exchanges / Supply increase. We have a increase in merchants accepting Bitcoin, and more people using their coins to buy these goods = supply increase. In the last year or so, we have seen a spike in merchant adoption, so many people started to use their coins... these merchants does not hold on to these coins, they convert it all to fiat. This and the constant influx of NEW coins from mining, increase the supply to levels higher than the current demand = Lower price per BTC.  |
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randy8777
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May 17, 2015, 10:53:17 AM |
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A lot of the price right now is controlled by people trading every few seconds just to gain a little more.
yep. but you can't blame them. there is so much profit to be made if you know how to trade. whales will continue with this for ever. same with stocks. manipulation will never end. |
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Q7
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May 17, 2015, 11:29:58 AM |
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While it can be explained by the supply and demand factor, sometimes it could be also affected by traders speculating on the price movement. But whatever it is, current price reflected in the market is basically what the buyers and sellers would agree upon to exchange and conclude the trade. People outbidding each other basically is driven by how many new coins getting introduced or maybe some sellers decided to quit while buyers are basically people who trust the system and decided to acquire more coins. There are many factors but as I've said, it still goes back to the supply and demand core principle.
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BillyBobZorton
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May 17, 2015, 02:25:20 PM |
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Rumors and expectation in whale's hands can move markets. When whales see people like NASDAQ are getting in and they realize they are being morons by not doing so themselves, the rest of the whales will jump in. Then the high inhibition dubious average joe that didn't get in because of whatever reasons, will buy in when the price is super high, and then the 1BTC club elite begins.
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dothebeats
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CoinPoker.com
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May 17, 2015, 03:11:01 PM |
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Is holding some bicoin will also affect the price of bitcoin ?
Theoretically, yes, because you will add to the "scarcity" of the coins in circulation. However, in bitcoin, it is a completely different thing. There are traders who are constantly playing and riding the waves of the market to gain something even if it's a little. The price movement of bitcoin isn't really limited to just the supply and demand factor; the trading scene heavily contributes to it, too. |
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Admiral_Bit
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May 17, 2015, 03:56:09 PM |
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Well the most important factor of btc price movement is the blockchain inhibition factor. Each time a new block is mined, the difficulty of halving the blockchain gets quartered. So if there is a new block in the chain today, there will be no more blocks to mine on thursday... This really pisses me of from time to time, but what can you do??...  |
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dothebeats
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May 17, 2015, 04:13:28 PM |
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Well the most important factor of btc price movement is the blockchain inhibition factor. Each time a new block is mined, the difficulty of halving the blockchain gets quartered. So if there is a new block in the chain today, there will be no more blocks to mine on thursday... This really pisses me of from time to time, but what can you do??... But that factor doesn't reflect significantly in prices. We've been in the $230s range for almost a week now. Trading is the major factor that is really affecting the price in the current times. Demand also counts a lot. EDIT: what do you mean by this?  .. So if there is a new block in the chain today, there will be no more blocks to mine on thursday...
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