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Author Topic: What kind of global issues can move bitcoin price?  (Read 936 times)
hasiramasenju
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September 27, 2016, 04:02:40 PM
 #21

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?
last time i saw greek crisis has good impact bitcoin because the price increase with pretty fast and also several months ago bitfinex hack was make bitcoin price decrease even that situation not last long but today i didn't see any global issues will give effect for bitcoin
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September 27, 2016, 04:18:30 PM
 #22

At the moment local political or financial crises that are happening in just one country can't affect Bitcoin price substantialy. Maybe just for the moment but not on longterm. But some big global crisis could do the earthquaqe for Bitcoin price and Bitcoin market. Also the big hacker attacks on big exchangers.

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September 27, 2016, 07:52:22 PM
 #23

I think political changes within only one or few country is hard to effect bitcoin price by any way these days as market cap is growing as well as bitcoin users and traders are well distributed over several countries around the globe. But as china hold majority of mining power and also lots of buying volume comes from there, internal politics of china also affect the price of bitcoin.

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September 27, 2016, 08:25:41 PM
 #24

I dont think if global issues can affect or move
the bitcoin price. Because i was wondering that
affect the price if have a global issue. Maybe if
have a disaster in our country that can affect the
price of bitcoin. Or miners stop mining bitcoin it
can move the price goes down.
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September 27, 2016, 08:48:00 PM
 #25

i think bitcoin is a little bit free from such kind of issue, as we can see and expect in fiat currency that some bad news about a state  reduce the price of their currency, but not in case of bitcoin because bitcoin is a universal currency and it is free from regional issues,
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September 28, 2016, 06:03:13 AM
 #26

Anything that affects USD can affect bitcoin too. I think government’s approach is another important aspect because it will be the major push to bitcoin (and other cryptocurrencies) if any government is promoting this technology.

I think next recession would affect bitcoin but it will need a deep study to determine whether it will affect positively or negatively because this is something that never happened in past so it’s interesting to see how this technology gives response to next crisis.

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September 28, 2016, 07:08:32 AM
 #27

People in this thread say a lot that one of such issues is economic crisis. However, can't it be actually the opposite? I think that economic prosperity may as well move the price. If local currency becomes higher in price, wouldn't it cause more people using it and not Bitcoin? This way Bitcoin price will become lower.

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September 28, 2016, 07:11:49 AM
 #28

If there is an economic crisis or a currency crisis and people look for ways to secure their cash and look for better means of payment and that's when BTC can come and all those people will run into it.Also if someone invests huge in BTC,that also can make BTC prise rice and of course if huge amounts of people start adopting BTC,these are all scenarios that will drive BTC price up

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September 28, 2016, 09:15:55 AM
 #29

People in this thread say a lot that one of such issues is economic crisis. However, can't it be actually the opposite? I think that economic prosperity may as well move the price. If local currency becomes higher in price, wouldn't it cause more people using it and not Bitcoin? This way Bitcoin price will become lower.

What do you mean by 'local currency becomes higher in price'? Deflation? If so, that is most likely to happen during the crisis, not prosperity. Most governments aim to have a healthy rate of inflation.

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September 28, 2016, 01:49:19 PM
 #30

Whenever a time will come when all the governments come ahead and decide to either start accepting bitcoins or completely block its usage, that will be the biggest issue in my eyes which will give a significant impact to its price.

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January 12, 2018, 03:55:16 AM
 #31

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?
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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January 12, 2018, 04:32:04 AM
 #32

I don’t think that Brexit had any effect on bitcoin because it mainly concerned on the european union and does not entirely touch on crypto. Those affected by Brexit are those doing business within Britain and the other countries part of the EU because of the tariffs.

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.

I guess if a financial crisis occurs which would greatly affect the bitcoin users in a country that contains or controls a huge volume of bitcoin, then this may have some effect on the bitcoin price. Especially for countries like China were there is a majority of miners. Just like how if a ban will be made in countries like this, it may affect the price negatively.
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January 12, 2018, 05:04:00 AM
 #33

wow, this is a crazy query, but has sense, it think one crazy answer would be a global natural disaster cause by climate change, where electricity will be devastated. we all know that when there is no electricity, every wired transactions are affected including trading online or mining, but on the more serious side, one issue that we must be prepared is the regulation of countries about the circulation of cryptocurrencies, if all country connived to put bitcoin on hold or stop it permanently by issuing a law that prohibits the use of bitcoin in any transactions, of course when no one is using it, no one would trade it. and then we are doomed. the end.

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January 12, 2018, 11:34:38 AM
 #34

The problem that can make the bitcoin price decrease is a rumor that there is someone who has a lot of bitcoin suddenly sell everything and stop relying bitcoin In getting benefits from the problem arises speculation how the fate of money in this gital after having ups and downs.
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January 12, 2018, 11:42:35 AM
 #35

Bitcoin price is very amazing thing and every person have eye on price graph that what will happen in next minute.
From last few weeks price of BTC is fall to 13K$ and now still varying around 13-15k$ and user of BTC is waiting and panic that when it will again increase.
BTC price is fall because every person in the end of year will do full calculation of his income and spending and clearing their record that how much he earn and how much he spend. Due to which alot of people have done transaction of BTC due to which demand is decreased and price is fall.
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January 12, 2018, 11:44:39 AM
 #36

the more clear most happended is hacked news from exchange .
almost potential got price down or up significant .
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January 12, 2018, 11:49:07 AM
 #37

I think it is the advertising of the bitcoin media. If it is the active propaganda of journalists and broadcasters, then it is a great opportunity for bitcoin to provoke higher prices. Through the communication of programs, more and more people are aware of the bitcoin and will have a lot of investors learn about it and invest a large amount of money into it. So the value of bitcoin will increase.

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January 12, 2018, 01:00:46 PM
 #38

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?

It's hard to say but we all saw what happened in Venezuela for example, and other countries like it, so financial crises could help boost bitcoin price, because people might search for it as a solution to the current broken fiat system. On the negative side, government bans on exchanges would bring the price down, at least while decentralized exchanges aren't a viable option for users. We saw that with China, and we are already seeing some effects caused by the South Korea fud, although in this case I don't think the ban will happen.

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January 12, 2018, 01:30:45 PM
 #39

Well, perhaps not as much as a global level, but locally, the more inefficient or arbitrary the monetary policies of a country are, the more likely are people to turn to bitcoin with a large amount of their assets.
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January 12, 2018, 02:20:52 PM
 #40

well issues like wars and global health threat can be one because this things might affect the number of users in the market of bitcoin and bitcoin is solely made to serve the people in making transactions easy and fast the lost of users and miners will make bitcoins price drop and vice versa when a good news pops out bitcoin price can be crazy enough to pump so high in this matter.
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