BTC movement

[cameltoe]

I know the veterans here will tell you all kinds of reasons for this.....but for the ones who just got their feet wet, why do you think BTC price move so much? What is the main pressure on it?

[Fortify]

There are too many variables to count, but some examples would be - price of electricity, random daily fluctuations, miner processing power, laws introduced to various countries, manipulation by traders and the list goes on. It is almost pointless trying to comprehend it all because you will never be able to predict where the price is heading. The best financial experts can get is educated guessing from past experiences.

[cameltoe]

There are too many variables to count, but some examples would be - price of electricity, random daily fluctuations, miner processing power, laws introduced to various countries, manipulation by traders and the list goes on. It is almost pointless trying to comprehend it all because you will never be able to predict where the price is heading. The best financial experts can get is educated guessing from past experiences.

Previous success does not guarantee future returns. But I know exactly what you mean.

[Pab]

Speculation it is still low liquidity ,it is enough to put low orders on option and price goes down
looks like chinise enjoying price and thay are buying

[nostal02]

Speculation it is still low liquidity ,it is enough to put low orders on option and price goes down
looks like chinise enjoying price and thay are buying

The chinese are really happy on what is happening right now and they are having a party...
So many speculation coming from alt coin hoppers...

[The Sceptical Chymist]

Right now I would say there's a lot of bitcoin being sold or traded for other altcoins.  Interest in ETH is huge and people are looking for the next bitcoin or anything even close to that.

[Yakamoto]

There are too many variables to count, but some examples would be - price of electricity, random daily fluctuations, miner processing power, laws introduced to various countries, manipulation by traders and the list goes on. It is almost pointless trying to comprehend it all because you will never be able to predict where the price is heading. The best financial experts can get is educated guessing from past experiences.

I personally think the price is moving due to a bunch of websites reporting on the filled blocks, and this is influencing investors to sell as they worry that the price will end up going down (which we are seeing).

Investors in Bitcoin do not have a lot of confidence in it. They are easily swayed by any sort of news.

[nostal02]

Right now I would say there's a lot of bitcoin being sold or traded for other altcoins.  Interest in ETH is huge and people are looking for the next bitcoin or anything even close to that.

I dont believe in hype eth...
As far as i can see it btc=usd,lite,dogde,eth are most likely yen,pound and euros...
In future preference there will be top 5 cypto that will be used...

[Yakamoto]

Right now I would say there's a lot of bitcoin being sold or traded for other altcoins.  Interest in ETH is huge and people are looking for the next bitcoin or anything even close to that.

I dont believe in hype eth...
As far as i can see it btc=usd,lite,dogde,eth are most likely yen,pound and euros...
In future preference there will be top 5 cypto that will be used...

There is some notable hype in Ethereum, however I too think it is just a bubble. I don't think it has as much potential as Bitcoin, and the current price rise is just a bubble as some people start moving out of Bitcoin and into Eth, thinking it is a permanent thing.

I could end up being wrong, but I doubt I am for right now.

[pooya87]

I know the veterans here will tell you all kinds of reasons for this.....but for the ones who just got their feet wet, why do you think BTC price move so much? What is the main pressure on it?

these small swings that happen all the time are mostly because of manipulation. price needs to change in order for traders to earn money every day.

and i think the reason for this recent dive is because of the ETH big pump that is attracting money out of bitcoin market and it will be stopped as soon as the pump stops.

[SFR10]

Well since your question seems to be more in general then my answer would be due to supply and demand ratio, BTCitcoin value goes up and down accordingly but there are other factors that come into place from time to time to manipulate it's value like for instance, when someone from the so called "Whale club" buys and sells large amounts of BTCitcoin, it affects market value as well.

[J4mie]

Because it's based on supply and demand just like gold. Gold has always been volatile so I don't think Bitcoin will ever lose it's volatility too. I think Bitcoin can become a success, but bitcoin prices will always be based on fiat currency like now.

But that's not a big problem, because it's still a way to transfer value worldwide without intermediary.

[Zicadis]

The supply and demand determine the price fundamentally. But the price is also driven by news in short term.

[Laosai]

I know the veterans here will tell you all kinds of reasons for this.....but for the ones who just got their feet wet, why do you think BTC price move so much? What is the main pressure on it?

Easy. It's a small market. With small amounts. It seems big for you but trust me it is not, not at all. So the only thing btc price needs to swing by 20$ is one or two banks/investment funds to play with it :/

[BitMaxz]

About BTC movement it is depends if sellers are more than buyers the price will go down and if the seller is less than buyers. the price should be increase. and i think this is just a nature of bitcoin that has pump and dump..
If there's no traders in trading site the movement of bitcoin is stable not actually stable but the movement is slow increasing..

[talkbitcoin]

i think a big part of it is because market is full of newbies (or weak hands) they do everything without any logic and only based on panic.

[~Bitcoin~]

I know the veterans here will tell you all kinds of reasons for this.....but for the ones who just got their feet wet, why do you think BTC price move so much? What is the main pressure on it?

the main reason is its market cap which not high as other assets thats why easy to manipulate the market. Bitcoin is undervalued with the current price.

[richardsNY]

I know the veterans here will tell you all kinds of reasons for this.....but for the ones who just got their feet wet, why do you think BTC price move so much? What is the main pressure on it?

the main reason is its market cap which not high as other assets thats why easy to manipulate the market. Bitcoin is undervalued with the current price.

The market cap is indeed low compared to gold and other less important fiat currencies, but still, I personally don't think Bitcoin is undervalued at the moment. Just out of interest, according to you, how much is 1 Bitcoin worth today?

[Zicadis]

I know the veterans here will tell you all kinds of reasons for this.....but for the ones who just got their feet wet, why do you think BTC price move so much? What is the main pressure on it?

the main reason is its market cap which not high as other assets thats why easy to manipulate the market. Bitcoin is undervalued with the current price.

The market cap is indeed low compared to gold and other less important fiat currencies, but still, I personally don't think Bitcoin is undervalued at the moment. Just out of interest, according to you, how much is 1 Bitcoin worth today?

According to the consensus of the market, the bitcoin is worth $426 each. It is determined by the buyer and seller.

[Eternadars]

I know the veterans here will tell you all kinds of reasons for this.....but for the ones who just got their feet wet, why do you think BTC price move so much? What is the main pressure on it?

the main reason is its market cap which not high as other assets thats why easy to manipulate the market. Bitcoin is undervalued with the current price.

The market cap is indeed low compared to gold and other less important fiat currencies, but still, I personally don't think Bitcoin is undervalued at the moment. Just out of interest, according to you, how much is 1 Bitcoin worth today?

According to the consensus of the market, the bitcoin is worth $426 each. It is determined by the buyer and seller.

The value of the bitcoin is the same as the price people are willing to pay for it. That is the price determination mechanism.