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Author Topic: What kind of global issues can move bitcoin price?  (Read 936 times)
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September 26, 2016, 10:42:39 PM
Last edit: September 27, 2016, 02:45:36 AM by dihari
 #1

Last time we see brexit doesn't give affect for bitcoin.
So what kind of global issues that can make us excite for the price?
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September 27, 2016, 03:30:13 AM
 #2

Financial crisis in one country (not like the entire EU but in one single country, like Cyprus). A situation where fiat savings or the fiat system becomes weak and risks people losing their wealth. That would help people consider bitcoin more seriously.

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September 27, 2016, 04:24:50 AM
 #3

Last time we see brexit doesn't give affect for bitcoin.
So what kind of global issues that can make us excite for the price?

 A gamma-ray burst from ~ 30 light years from of our solar system: bitcoin = 0 (actually earth = 0 too)
 
 A large solar storm: In 1859, a solar storm caused telegraph wires to short out in the U.S. and Europe.  The way electricity grids are interconnected now, a large solar storm could wipe out the electrical infrastructure for years... I think Bitcoin value would decrease.

 1997 XF11 If it hit China, would disrupt mining on a large scale.  It could also destroy the earth and bitcoin.
 
 I'm sorry, at present I can't think of anything that would make the value increase... I just watched the Trump/Clinton debate and my mind is numb.


 
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September 27, 2016, 04:28:57 AM
 #4

Moving the price of Bitcoins could happen very easily. Since Bitcoin is just a newcomer to the Economy then it just really needs a rich person to put some money into it and watch the price rise or dump and watch it fall.

A global catastrophe like the stock markets crashing is an obvious sign of "Money" losing its value.


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September 27, 2016, 07:52:24 AM
 #5

Based on my opinion, if a crisis will happen to a country of the major holders of bitcoin maybe we can see the price of bitcoin to drop very fast, if something happen to the economy of US, China, and UK maybe bitcoin will be dead, they are the major countries that supports the supply and demand of bitcoin.

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September 27, 2016, 10:41:09 AM
 #6

Financial crisis, war, economic crisis.
Those 3 are the main issues which you can further divide if you want.
Mostly everything that creates fear, uncertainty and makes the people wnat to put there wealth in a safe place.
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September 27, 2016, 10:57:28 AM
 #7

I do think the most possible is the financial crisis, where the country economy is collapsed then the inflation rate is too high, when that happens i think people will start to look for a way to get out of the crisis, and bitcoin could be the solution, and within more people using bitcoin there will be a possibilities that bitcoin price will be going up


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September 27, 2016, 11:33:14 AM
 #8

Last time we see brexit doesn't give affect for bitcoin.
So what kind of global issues that can make us excite for the price?

Some issues that will increase the demand for bitcoins.Maybe a bank crysis or something else.

If the western countries ban bitcoin,this will have a big impact over the btc price. Grin

I prefer the bitcoin price to be more stable.

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September 27, 2016, 11:54:07 AM
 #9

I dont think there are allot of global issues that can move bitcoin price what i do know is that allot of illegal things are bought with bitcoins maybe as they been stopped that the price will fal that lowe becuase they are not spending.
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September 27, 2016, 12:09:54 PM
 #10

Exchange Hacks, Wars in the Middle East, Elections in the USA, Wikileaks(Julian Assange), Refugee Crisis in EU, Tax Increases, FIAT Inflation... You can add more and more. Bitcoin can get affected from almost anything happens around the world.
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September 27, 2016, 12:45:58 PM
 #11

i think if people want to know more about bitcoin and using bitcoin as another option for payment in internet, it will be help bitcoin itself to move into big scale, not just about global issues like war, economic, but for the simple things which is the more people which know and using bitcoin, i think its enough to push the rate of bitcoin to go up.

beside that, if government giving the statement about bitcoin legacy and accepted bitcoin as cryptocurrency and as payment in internet, this will make another movement for bitcoin and could lifted up the rate.

i don't want to imagine if the world will do war with each country, economic chaos like europe yesterday can make bitcoin price to go up, but we can do the simple thing that i write in above. this will be good and help bitcoin price, i am sure about this.

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September 27, 2016, 01:22:15 PM
 #12

Last time we see brexit doesn't give affect for bitcoin.
So what kind of global issues that can make us excite for the price?
I think the gold doesn't give affect for bitcoins ? because we all know that bitcoin is depending on dollar if the price of the dollar is high then the bitcoin's too right ? and also the oil copper and etc, imo but i really don't know which is really one.
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September 27, 2016, 01:41:44 PM
 #13

Last time we see brexit doesn't give affect for bitcoin.
So what kind of global issues that can make us excite for the price?

nothing really, or at least nothing that can have a big and considerable effect on bitcoin price anyways.
even brexit had its effects on bitcoin price but it was small and these types of effects never happen overnight it takes a time before we can really see the effect and this can be a couple of days or a couple of weeks. and even in some cases a couple of months since bitcoin is not like other investments such as gold that everybody thinks of when they turn away from their last investment.

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September 27, 2016, 01:45:22 PM
 #14

Many things can move Bitcoin prices. Man, it's not different from another fiat currency. Sometimes I think people wouldn't believe in Bitcoin seriousness... I'm so blind and faithful about Bitcoin future that I swear I'll sold two vehicles and put everything in this world. I invested a lot of money, time and effort so if it breaks some day I'll break my ass but I'm confident as hell. The price moves as the world moves too.


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September 27, 2016, 02:07:51 PM
 #15


Realistic factors that could move the price up:

1 - Negative interest rates becoming more common, it surely would drive some people to put a portion of their money into BTC/other crypto
2 - Moving towards cashless society concept. When physical cash is no longer available, but Bitcoin usage is allowed, that would take the price to a whole new level. That's off course only if Bitcoin can scale.

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September 27, 2016, 02:13:44 PM
 #16

Financial crisis in one country (not like the entire EU but in one single country, like Cyprus). A situation where fiat savings or the fiat system becomes weak and risks people losing their wealth. That would help people consider bitcoin more seriously.
The economy doesn't work with bitcoins. And if there is no work, no bitcoin will not save. This currency is only optional. The global crisis could kill her.
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September 27, 2016, 02:24:07 PM
 #17

I think a virus could also affect the Bitcoin's price in the long run. Having an epidemic virus that would kill a lot of people (rich people to be specific) in a very short period of time would make the owner of a bitcoin wallet dead. Those people who weren't able to transfer their coins to another person before the time of their death would have those Bitcoins stuck on their wallet. In that note, those Bitcoins will never be accessible to us anymore. A portion of Bitcoin that can never be bought or sold.

If the virus spreads and kills a lot of people, more and more percentage of Bitcoin will became inaccessible. Thus, making Bitcoin more scarce and have more value.

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September 27, 2016, 02:32:02 PM
 #18

Last time we see brexit doesn't give affect for bitcoin.
So what kind of global issues that can make us excite for the price?

i think not much Cheesy

technically a lot of financial happenings should have some kind of effect on bitcoin such as what you can see in the previous comments above mine.

but as we already know many things has happened and people were expecting big effects on bitcoin price like Brexit, or Greece, and a lot more but none of them really had any major effects.

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September 27, 2016, 02:33:28 PM
 #19

Many people said that hacking is one of the factor that price would go down if their are something bad happen for a big instituition on bitcoin site aswell us lie's van affect the price since it can cause little panic to sell what they've got and those 2 i mentioned are reason that can affect the bitcoins prive and it is popular reason.

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yayayo
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September 27, 2016, 03:08:07 PM
 #20

First of all, people should be focusing less on Bitcoin's fiat valuation but more on the technological and economical development around it. Bitcoin's fiat valuation is meaningless, because fiat money is debt-based trash that is bound to devalue to zero.

That brings me to the main global issue that will move Bitcoin price: Worldwide inflation of fiat currencies. The monetary policy of central banks around the world, who expand the monetary base far beyond anything seen in history will inevitably lead to significant inflationary effects and ultimately hyperinflation. This effect per se will move Bitcoin price, because as fiat currencies devalue, you simply need more fiat cash to buy Bitcoin that is not subject to the policy of the central bank lunatics. But the effect will much likely go beyond this kind of pure value adjustment: When significant inflationary effects have set in, people will realize that they need alternative stores of value to secure their buying power. This will fuel a run for safe haven assets like precious metals and Bitcoin, whose buying power will likely see a significant increase.

ya.ya.yo!
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