The Sceptical Chymist
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Cashback 15%
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February 03, 2016, 04:27:14 AM |
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Since you can't analyze earnings or business prospects per se with bitcoin, the price of btc is very sensitive to news. Like the recent Mike Hearn comments--that alone was responsible for at least part of the drop we've seen. And enthusiasm for bitcoin waxes and wanes, and the buy and sell orders are always fighting each other. That's what moves markets. More buyers=price rise. More sellers=price drop.
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Whoever mines the block which ends up containing your transaction will get its fee.
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avw1982
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February 03, 2016, 05:17:22 AM |
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Since you can't analyze earnings or business prospects per se with bitcoin, the price of btc is very sensitive to news. Like the recent Mike Hearn comments--that alone was responsible for at least part of the drop we've seen. And enthusiasm for bitcoin waxes and wanes, and the buy and sell orders are always fighting each other. That's what moves markets. More buyers=price rise. More sellers=price drop.
He was not donated big codes in bitcoin. He is nothing according to me. Price is pumping because of demand of bitcoin and mining level makes decision of bitcoin price. Dump is happening happening its because if less interest and less awareness of bitcoin. After halving I guess bitcoin will stand in steady race and steady price. |
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~Bitcoin~
Legendary
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Activity: 994
Merit: 1000
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February 03, 2016, 06:03:08 AM |
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Normally it would be news, but these days some new actors are active on this market.
I still think/hope some positive has some influence, since it would be crazy if we should depend on whales to move the price.
Yes we need better distribution of bitcoin to stop those whale from manipulating market. Lots of people have already started lossing their trust in bitcoin trading with this ongoing manupulation. |
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Bitcoinbro
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February 03, 2016, 11:25:11 AM |
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I think the world and the economy. But China is especially important for Bitcoins.
They've been with a lot of people and they use it too much.
So they are very important for Bitcoin. But also the entire economy of course.
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Lanatsa
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February 06, 2016, 03:25:46 PM |
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Normally it would be news, but these days some new actors are active on this market.
I still think/hope some positive has some influence, since it would be crazy if we should depend on whales to move the price.
Yes we need better distribution of bitcoin to stop those whale from manipulating market. Lots of people have already started lossing their trust in bitcoin trading with this ongoing manupulation. You cannot prevent the ordinary people to panic sell the bitcoins to those whales. They are good at play psychological war. |
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a7mos
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February 06, 2016, 04:18:11 PM |
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I think the world and the economy. But China is especially important for Bitcoins.
They've been with a lot of people and they use it too much.
So they are very important for Bitcoin. But also the entire economy of course.
I do not think that world economy has nothing to do with bitcoin price, It may affect it indirectly like people will buy btc if their local currency is not stable. What affect bitcoin deeply is News, specially bad news which drop the price to very low levels |
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quadriple7
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February 06, 2016, 04:51:02 PM |
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i think that more buy orders is the main reason that push bitcoin price.
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pissedoff
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February 06, 2016, 04:56:59 PM |
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Normally it would be news, but these days some new actors are active on this market.
I still think/hope some positive has some influence, since it would be crazy if we should depend on whales to move the price.
Yes we need better distribution of bitcoin to stop those whale from manipulating market. Lots of people have already started lossing their trust in bitcoin trading with this ongoing manupulation. People need to stop panicking and selling their bitcoins which cause the entire bitcoin market to fall in value. |
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busybee7
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February 06, 2016, 05:07:11 PM |
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the only thing that moves it is people interest in bitcoins, if they are interested the price is growing
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BruceLee007
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February 07, 2016, 02:29:54 PM |
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I think moves ,becouse poeple buying all of bitcoins and price is going higher , when people dont buying or saving later, price i going down.
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Master_dandosha
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February 07, 2016, 02:42:24 PM |
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The old theory in economic . DEMAND & SupplyBut the real question here who is controlling the demand & supply 
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chokesir
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Activity: 196
Merit: 100
fastdice.com The Worlds Fastest Bitcoin Dice
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February 07, 2016, 03:41:58 PM |
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The old theory in economic . DEMAND & SupplyBut the real question here who is controlling the demand & supply With bitcoin there is a third factor, which are the whales. They controll every price rise, decline we've ever seen. |
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SirLancelot
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February 07, 2016, 07:57:04 PM |
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Like any other stock market a commodity, bitcoin also highly influenced to any good and bad news. But bitcoin reminds under alternative investment vehicle. So, it would affect in terms of price levels against stock market or currency values.
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chokesir
Full Member
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Activity: 196
Merit: 100
fastdice.com The Worlds Fastest Bitcoin Dice
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February 07, 2016, 09:55:19 PM |
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Like any other stock market a commodity, bitcoin also highly influenced to any good and bad news. But bitcoin reminds under alternative investment vehicle. So, it would affect in terms of price levels against stock market or currency values.
I don't think the real power behind bitcoin is news, be it positive or negative. What we have seen is that the whales are running this show. |
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HarryKPeters
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February 08, 2016, 08:42:16 AM |
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I think the economy mainly affects the Bitcoin, but I think mainly because the Chinese. .
Which are in fact so powerful with that and that affect the Bitcoins. But I see later what happens. We can never predict it.
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kpitti
Legendary
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Activity: 924
Merit: 1002
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February 08, 2016, 10:13:14 AM |
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Bitcoin price is influenced by Supply and Demand this is clear.
What is causing it it`s a different story. Speculation with bitcoin is well known, price can be manipulated if there is big portion of Bitcoins put on the market.
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Supercrypt
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Activity: 1554
Merit: 1054
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February 10, 2016, 04:26:03 AM |
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Bitcoin price is influenced by Supply and Demand this is clear.
What is causing it it`s a different story. Speculation with bitcoin is well known, price can be manipulated if there is big portion of Bitcoins put on the market.
Yes, I do see many stock prices are highly influenced the by the daytraders. But due to widespread of exchanges all over the world it is not possible with the bitcoin prices. Other than supply and demand, news influence trend of bitcoin prices. |
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MaxTax
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February 10, 2016, 09:46:14 AM |
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Unlike any other commodity, bitcoin has most influential factor for deciding it's price levels, it is network's difficulty levels. When more bitcoin miners enters into mining bitcoin then we can expect the price raise of bitcoins. The vice versa also true.
It also has something to do with demand and supply Less supply and more demand means that bitcoin will rise in value. Some of what moves the bitcoin price also has to do with stock markets. Its a marketplace just like stocks, like how people buy and sell stuff on ebay. But the difference between stock market it has multiple products, and bitcoin exchange only has one which is the coin itself. You can say if it were on the stock market it would be under the category of commodities. The whole economy around the world has to deal with it. But also because China have had just Chinese New Year, it changes yet. So all influenced each other I think. |
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Juhagic
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February 13, 2016, 06:54:11 PM |
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Bitcoin price is influenced by Supply and Demand this is clear.
What is causing it it`s a different story. Speculation with bitcoin is well known, price can be manipulated if there is big portion of Bitcoins put on the market.
In the long term, the bitcoin price is influenced by its usefulness. The more usage, the more adoption, the higher the price. |
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HarryKPeters
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February 15, 2016, 10:17:09 AM |
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Bitcoin price is influenced by Supply and Demand this is clear.
What is causing it it`s a different story. Speculation with bitcoin is well known, price can be manipulated if there is big portion of Bitcoins put on the market.
In the long term, the bitcoin price is influenced by its usefulness. The more usage, the more adoption, the higher the price. It depends on everthing. The most important is the american and chinese economics. I think thats the most important to move the price. It also depends on how much people use Bitcoin. |
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