anneiS_02 (OP)
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June 04, 2017, 12:06:55 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
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eckmar
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June 04, 2017, 12:16:25 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
Just like about anything in the world. Supply and Demand. If more people are buying it price will go up, and more miners there are price will go down. Simple as that. |
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DoublerHunter
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June 04, 2017, 12:25:58 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
One of the factors that i know that keep affecting the bitcoin value is the news about bitcoin. If the news of bitcoin is always good then it will affect the price of bitcoin and it will be one of the big helper for the price to pump up and also the investors that are investing in bitcoin and because of the continuous money then it is resulting for a price increase also. |
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JL421
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June 04, 2017, 12:32:04 PM |
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It is just factors like every other stock , if people demand for bitcoin or are just spending to buy the current supply of coins , it increases the market cap of bitcoin which in return increases the price.
While for a drop when 1 or 2 people sell it doesn't affect the price at all, but me 100's of people selling their bitcoins together the price can drop
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pawel7777
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June 04, 2017, 12:33:29 PM |
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Just like about anything in the world. Supply and Demand. If more people are buying it price will go up,
That's correct in principle but it's too broad. OP is pretty much asking (I assume) what creates demand for bitcoins (and hence, its value). ...
and more miners there are price will go down. Simple as that.
Wrong, would make sense if you replaced "miners" with "sellers". Number of new bitcoins being created is constant and rules are set in protocol, so it's not like more miners would mine more new bitcoins. If anything, more miners (and higher difficulty/security) would drive the price up. Miners operating at small margins would be more hesitant to dump bitcoins if the price was too low and will more likely engage in speculative holding. |
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Janation
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June 04, 2017, 12:37:19 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
Many replies here are also some that I knew that can affect bitcoin's price, though, I think there are still some factors that affect the value of bitcoin, when people invest on bitcoin, they do nothing, which means, they stock their bitcoin into their bitcoin wallets, that bitcoins will not be joining the circulation of bitcoin to people.I can't explain it very well. |
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Creepings
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June 04, 2017, 12:42:47 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
Just like about anything in the world. Supply and Demand. If more people are buying it price will go up, and more miners there are price will go down. Simple as that. I don't think having a lot of miners will makethe price go down or dump. Demand can affect the value of bitcoin, the supply of bitcoin is not that big, that is why it is not a factor that affect bitcoin, unless we knew that bitcoin is infinite. I think with the price of bitcoin, many people will be more attracted and will have a high value, more than it has today. |
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NorrisK
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June 04, 2017, 12:44:12 PM |
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Value is way more than just the price.
If someone values sending a certain amount of money to another country on a Sunday or holiday, than bitcoin offers that value.
If someone values being in control of their wealth, bitcoin offers that.
People should look beyond price to determine the value of bitcoin. Value is just so much more than just the price.
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Red-Apple
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June 04, 2017, 12:45:11 PM |
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generally speaking it is supply and demand that controls price of anything and bitcoin is no exception.
but because price is only determined on the bitcoin exchanges, and bitcoin exchanges are still small compared to real big commodity exchanges or Forex brokers, the price can be affected by how much resistance in both ways exists on the orderbooks.
if there is a huge buy wall price can go up and if there is a whale putting up sell walls price can go down.
but in the long term there is no stopping it.
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CraigWrightBTC
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June 04, 2017, 12:51:39 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
Bitcoins has limited numbers just 21. b today many people who know about bitcoins and started buy bitcoins demand and supply of bitcoins is one of many factors that affect the bitcoins value, the other factors is speculation from the users who want take profit from fluctuation of price bitcoins usually they are traders with large capital on exchangers. |
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YuginKadoya
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June 04, 2017, 12:52:28 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
Many replies here are also some that I knew that can affect bitcoin's price, though, I think there are still some factors that affect the value of bitcoin, when people invest on bitcoin, they do nothing, which means, they stock their bitcoin into their bitcoin wallets, that bitcoins will not be joining the circulation of bitcoin to people.I can't explain it very well. That is just one factor, if more and more people adapt bitcoin and would buy and earn it, it will surely add to the community but this is just one factor to include in the vast things on how it affect the value of bitcoin, With increased usage and wider adoption of Bitcoin, the demand for bitcoins is always increasing. constant supply and increasing demand, and the only factor in the equation that can budge is the price of bitcoin by going up and Bitcoin price gradually increases over the long-term. and Every bitcoin exchange transaction that involves the purchasing of bitcoin via another currency, whether fiat or Cryptocurrency, has the effect of pushing the bitcoin price up. And Every exchange transaction that involves the selling of bitcoin or exchanging to fiat or Altcoins causes a drop in the price of Bitcoin. well I just elaborate some simple fact on how bitcoin value changes and the fluctuating sometime happen from the least expected. |
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Labumi
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June 04, 2017, 12:54:32 PM |
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Actually the main thing that affects the value of bitcoin is the ease and efficiency in it also. many people use the bitcoin because it depends on a lot of value that is much better than the others. For reserved prices, bitcoin much more has the edge. But keep in mind that, bitcoin has vulnerable time is yet to be ascertained. So we should be able to keep the property well and we don't just stripped on the advantages it brings, but we have to think of the possibility that will happen
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Cofee.BLUE
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June 04, 2017, 01:00:52 PM |
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The factors that affect the bitcoins value is the supply and and demand.
If the demand goes up then the price will go up and if the demand goes down the price will go down Same with the supply.And the exchange rate also affects its value.
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pearlmen
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June 04, 2017, 01:05:41 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
Bitcoin is an emerging currency that is just penetrating which means new entrants are coming in every day with their resources and speculation thereby forcing the market in a particular direction. Also, the people who have been in the game understand the forces of demand and supply, so they hoard there making the available BTC unable to go round the community which will force the price up. For the fall in price, there are other factors responsible such as news from certain quarters that cause unnecessary dumps. |
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Slark
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June 04, 2017, 01:18:15 PM |
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Bitcoins has limited numbers just 21. b today many people who know about bitcoins and started buy bitcoins
demand and supply of bitcoins is one of many factors that affect the bitcoins value,
the other factors is speculation from the users who want take profit from fluctuation of price bitcoins
usually they are traders with large capital on exchangers.
What if in the future bitcoin developers decide that bitcoin price need to be lowered or that we need some healthy inflation to boost bitcoin usage and increase number of total bitcoins? We heard already that some scaling solutions proposed before included suggestion that coin limit increase will be a good change to bitcoin. Bitcoin value is determined by perception and the technology behind it. There is widespread acceptance which will create the network effect. |
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kpcian
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June 04, 2017, 01:23:58 PM |
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Have you noticed recent values of the bitcoin.??.it has created a better place than gold, many people are becoming astonished at seeing this high level of value, if this rate is going to be increasing at same level then it will be a massive amount of money....
People believe in returns to scale, if it's high, then people want to be dependent on it..
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EXtremeAEX
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June 04, 2017, 01:26:10 PM |
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If today all the countries started to adopt Bitcoin as their official digital currency for everyone to use, if people favor Bitcoin more than PayPal on the Internet, then BOOM! Buy BTCBTCBTC, Prices goes ⬆⬆⬆. Since BTC is limited, there would be competition as more and more people gets Bitcoin.
It is like sharing Bitcoin with the world, in a way. Bitcoin can be affected by companies who decided to invest and use them to, companies with influence on a major-global scale especially. More Users ➡ More Demand ➡ Prices increase.
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BitFinnese
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June 04, 2017, 01:29:19 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
Basically it is the supply and demand of the people, but the increase in price is affected by peoples demand and how much they are willing to pay for Bitcoin. This demand is affected by the speculative thinking of investors which is further affected by technology, usage, and most of all the possible profit in the long run. |
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bhabygrim
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June 04, 2017, 01:29:54 PM |
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Base on the Subject on this threads. I think Bitcoin value are depends on the world trade value and demands. We also need to read more and research more so predict future price or value of btc. =)
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Kprawn
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June 04, 2017, 01:30:02 PM |
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The value will be different from person to person... let's take an example : You are originally from Nigeria, but you are currently working in the USA. You want to send money home but MoneyGram or Western Union takes say between 10% to 15% of the money for "admin fees". If you send any amount via Bitcoin, you pay between $2 to $5 and even lower.... What is the value for you? ----> The saving by sending it via Bitcoin.  |
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Dudeperfect
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June 04, 2017, 01:33:30 PM |
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I think the main factor that affects the price of Bitcoin is either a panic selling or panic buying. If a trader or bitcoin user finds that bitcoin's price is constantly decreasing for 2 or 3 days in a row then he immediately sells all his holdings with a misconception that there must be something wrong with bitcoin and it is called panic selling. It might be right in case of some new altcoins but since bitcoin has a larger user base and high potential small incidents doesn't affect the existence of the Bitcoin and hence the experienced traders try to buy in such case and then price goes up again to the normal. This creates volatility in the price.
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gribble
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June 04, 2017, 01:36:50 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
The fundamental of bitcoins is the factors that affect the bitcoins value for example fixing of block size bitcoins will be increasing price of bitcoins, masa adoption also will be increasing value bitcoins the changing of values needs long time years due to affect of fundamental factors can be seen after couples years later. |
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Yanisumin
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June 04, 2017, 01:41:58 PM |
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Demand of course is one of the factors. As we can all heard in the news that few countries are open in Bitcoin the demand will increase that's why bitcoins price is above 2000$ now. To sustain the value of the supply, they must have price hike, I'm still learning on trading that's why I can only say few. Research more about it on the web.
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dothebeats
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June 04, 2017, 01:46:40 PM |
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One factor is supply and demand. In theory, less supply and more demand = higher price and vice versa. Next one would be what a commodity/item offers to the public. Bitcoin can be used as an investment or a currency, which makes it as a win-win for the public.
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madwica
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June 04, 2017, 01:49:47 PM |
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Base on the Subject on this threads. I think Bitcoin value are depends on the world trade value and demands. We also need to read more and research more so predict future price or value of btc. =)
I think not in the world market because it is digital currency, i think in the blockmarket base the bitcoin value and also it has big effect the more adoption by people and more country. |
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BillyBobZorton
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June 04, 2017, 01:50:04 PM |
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The fundamentals have an impact on the price. If there are no uncertainties near then it's smooth sailing. If on the other had, you get doubts because of possible conflicts, then the price may shake.
Also contrary to what other say, bitcoin has intrinsic value, the way to store money and move it borderless is an intrinsic value that bitcoin has, for example.
Ultimately it's precise value is determined via supply and demand, but its features will always make it valuable.
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btccashacc
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June 04, 2017, 01:58:29 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
Bitcoin is a deflationary currency where there are only 21 bitcoins in this world, this is why bitcoin price will be up as long as the demand increases. However it's clearly that supply and demand has an important role for the bitcoin but there are some factors that may be influenced bitcoin's price like deflation that i've just mentioned above and halving as we can see in the past that the price was increased after halving. |
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swogerino
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June 04, 2017, 02:01:48 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
Bitcoin is a deflationary currency where there are only 21 bitcoins in this world, this is why bitcoin price will be up as long as the demand increases. However it's clearly that supply and demand has an important role for the bitcoin but there are some factors that may be influenced bitcoin's price like deflation that i've just mentioned above and halving as we can see in the past that the price was increase after halving. I don't think supply and demand has any particular impact on bitcoin because bitcoins will be generated until the year 2140, so this means there is enough bitcoin circulating and there is enough supply and demand for bitcoin already. Impact comes from bitcoin usages, why is it better than many other conventional payments and the fact that it has no central authority. This would be enough to give bitcoin value. |
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soul-impact
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June 04, 2017, 02:03:55 PM |
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One factor is supply and demand. In theory, less supply and more demand = higher price and vice versa. Next one would be what a commodity/item offers to the public. Bitcoin can be used as an investment or a currency, which makes it as a win-win for the public.
Clearly, the current market is lacking in supply, while the demand of users is too high, which in turn causes the value of bitcoin to increase dramatically. Specifically, its value has doubled, and it can grow faster. However, at that time, bitcoin was adjusted value, which also caused a lot of people lost a large amount of money. |
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machinek20
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June 04, 2017, 02:07:06 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
Many replies here are also some that I knew that can affect bitcoin's price, though, I think there are still some factors that affect the value of bitcoin, when people invest on bitcoin, they do nothing, which means, they stock their bitcoin into their bitcoin wallets, that bitcoins will not be joining the circulation of bitcoin to people.I can't explain it very well. The factor that determine the value is the supply and demands because bitcoin is decentralized its mean there are no control, the one that control is the market The one that you means is the transaction volume, if the transaction volume is high its mean ther are a lot of circulating supply and demands, this thing will cause the price to be unstable, but with higher transaction bitcoin will become more valuable |
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Pamadar
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June 04, 2017, 02:07:53 PM |
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Base on the Subject on this threads. I think Bitcoin value are depends on the world trade value and demands. We also need to read more and research more so predict future price or value of btc. =)
I think not in the world market because it is digital currency, i think in the blockmarket base the bitcoin value and also it has big effect the more adoption by people and more country. well indeed the more people who will adopt this chain the more value will rise and its also influence by the traders on how they hold and keep newcomers to buy its really a game of full of surprises. |
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CryptoBry
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June 04, 2017, 02:22:44 PM |
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Basically, this is in connection with the ongoing demand and supply...the more is the demand for Bitcoin the more it will rise and because supply of Bitcoin is truly limited this is an assured thing. Now, connected with this demand side is that confidence that the value will really rise which means that there are many people right now who are holding on to their Bitcoin and they are not selling in anticipation of the increase of value soon. This is just a matter of the psychology of the market...the cycle of bull and bear.
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RodeoX
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June 04, 2017, 02:56:31 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
I think bitcoin is money and like any money it actually is not worth much at all. You can't eat it or live in it, etc. But money can be valuable as a store of value if it has certain properties: 1. Can't be cost effectively counterfeited. 2. Is believed to have value. 3. Is exchangeable in fungible units. If these factors change, that would greatly impact valuation. Beyond that bitcoin has additional properties of privacy, speed, and cost savings. One can see that as the mem pool backs up or larger fees are required, the utility is degraded a bit and so is interest. An open and free bitcoin network also depends on net-neutrality. A loss of that would be very destructive to the utility and value of bitcoin as it would allow any ISP, government, ect. to add whatever fees or restrictions they want. Fees that go beyond the cost of mining. On a week to week basis the main factors are supply/demand. The current spike in price is mostly just an increase in demand in Asia. Of course when speculators see a demand increase they jump in and drive the price higher. This ends in a correction and we start all over again. |
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maydna
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June 04, 2017, 03:23:55 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
Just like about anything in the world. Supply and Demand. If more people are buying it price will go up, and more miners there are price will go down. Simple as that. i am really agree with this, supply and demand is really give a big affected with the price especially for todays which so many people is want to buy bitcoin and no matter how much the price is, they are trying to buy bitcoin because they know that bitcoin can give them many of benefits so they start to collecting bitcoin from now. i think the value of bitcoin, from time to time will be increase especially of the value of the price and we can see now that the bitcoin price is really increase so high. |
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izanagi narukami
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June 04, 2017, 03:29:02 PM |
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More country want to legelize bitcoin for their transaction it means there will be a lot of demand for bitcoin that cause bitcoin value is increased
Overall , bitcoin always increase and never disappointing as investment instead it's more than a gold for investment measure.
Just keep tell bitcoin to your family and friend to invest bitcoin and wait to see insane profit !
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lionheart78
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June 04, 2017, 04:25:02 PM |
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Bitcoin value depends on the adoption of people. As we know the more people adopt bitcoin, the more demand of buying it has. Aside from that legalization of Bitcoin is another factor that contribute to price/value of bitcoin. But the most impact it has on the value is the technology and being the first mover to decentralized blockchain .
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~Bitcoin~
Legendary
Offline
Activity: 994
Merit: 1000
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June 04, 2017, 04:29:20 PM |
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There are lots of things that can affect the price of bitcoin like news about segwit, possible hardfork, mempool being full by spam transactions etc. Also if some company/government start to accept bitcoin as a currency than that can give big boost to price. It is quite hard to predict the price of bitcoin but if you keep close eye on bitcoin related news you can figure out what could be the right move.
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PeRo
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June 04, 2017, 04:30:29 PM |
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I think its affected by the popularity because popularity makes demand, the more people start using Bitcoin and spend or earn it, the bigger the price will be because it is bigger demand. The second factor is supply. Bitcoin price is also determined by popularity in physical shops and adaptation.
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nuela
Full Member
Offline
Activity: 145
Merit: 100
Blocklancer - Freelance on the Blockchain
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June 04, 2017, 05:23:18 PM |
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I have created a better place than gold, many people become stunned to see this high level of value, if this level will increase at the same rate, then it will be a huge Amount of money.
I've prepared a perfect value for bitcoin
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FlightyPouch
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June 04, 2017, 05:38:05 PM |
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I have created a better place than gold, many people become stunned to see this high level of value, if this level will increase at the same rate, then it will be a huge Amount of money.
I've prepared a perfect value for bitcoin
What are you saying? You created a better place than gold? I think you are talking about the price of bitcoin, not it's value, value is different from price, it's value is currently increasing the time price increases, the reason is that, many people are using and buying these digital currency. Who wouldn't want a currency where you can send accross the world with low fees. |
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Etanllah
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June 04, 2017, 05:40:40 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
Just like about anything in the world. Supply and Demand. If more people are buying it price will go up, and more miners there are price will go down. Simple as that. Exactly. As the price has gone up more and more people have become interested in it. Additionally people love that's its not governed by any body. As people keep buying more Bitcoins, the prices keep going up. |
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eaLiTy
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June 04, 2017, 05:46:19 PM |
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If today all the countries started to adopt Bitcoin as their official digital currency for everyone to use, if people favor Bitcoin more than PayPal on the Internet, then BOOM! Buy BTCBTCBTC, Prices goes ⬆⬆⬆. Since BTC is limited, there would be competition as more and more people gets Bitcoin.
The fact is no government will adopt bitcoin as their official digital currency,they can regulate it and give the citizens a freedom to use any currency,bitcoin is not meant for the entire world and it has some serious scaling issues to adapt to those levels,so lets forget about that,all you need is big investors for the price to go up and with the limited amount of coins it is bound to go up . |
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bettercrypto
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June 04, 2017, 05:59:59 PM |
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If today all the countries started to adopt Bitcoin as their official digital currency for everyone to use, if people favor Bitcoin more than PayPal on the Internet, then BOOM! Buy BTCBTCBTC, Prices goes ⬆⬆⬆. Since BTC is limited, there would be competition as more and more people gets Bitcoin.
The fact is no government will adopt bitcoin as their official digital currency,they can regulate it and give the citizens a freedom to use any currency,bitcoin is not meant for the entire world and it has some serious scaling issues to adapt to those levels,so lets forget about that,all you need is big investors for the price to go up and with the limited amount of coins it is bound to go up . I agree, no countries will use it as their primary currency, but it would be as an alternative currency I think. I also agree that investors are needed to push bitcoin value higher, and adoption is one key factor to have investors. With the acceptance of countries I believe the coin is destined to go up in price as time goes by. |
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northstarh
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June 04, 2017, 06:04:31 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
Just like about anything in the world. Supply and Demand. If more people are buying it price will go up, and more miners there are price will go down. Simple as that. Bitcoin is growing around the world, so the demand of people everywhere is growing fast, while few people want to sell bitcoin, so its value is rising fast. |
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Prodigan786
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June 04, 2017, 06:10:51 PM |
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If your doing any trades you will get to know bitcoin value how increase and decrease main thin is that demand and supply that is transaction and miners seconed news third some countries taking stand on bitcoin
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orarider
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June 04, 2017, 06:12:40 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
The answer is simple, bitcoin depends on the market, so the factor that affects its value is the supply and demand. |
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Wayan_Pedjeng
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June 04, 2017, 06:25:31 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
Here are some which comes to my mind right now: 1. The balance between supply and demand 2. Mining difficulty 3. Legal status of Bitcoin 4. The number of unconfirmed transactions 5. Competition from the altcoins |
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jc89
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June 04, 2017, 07:58:28 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
The main factors would be the supply and the demand. Supply is the total number of bitcoin available in the market that are ready to be bought by users. Another for supply is the total number of bitcoin in circulation or bring used in the market. Demand is the amount of bitcoin needed or wanted by users. There are external factors that affects the main factors. The best example is the announcement of Japan that they will start to accept Bitcoin as a mode of payment. That event triggered more users to engage in bitcoin, thus, increase in demand as well as in price. Another is rumors about the death of bitcoin or anything alike that might trigger panic selling. That will result to increase in supply but decrease in price. There are many more factors but the main factors are the dictator of the price of bitcoin. |
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Mike Mayor
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June 04, 2017, 09:01:38 PM |
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It's mostly supply and demand. You can say use but use will increase demand. The more people who use Bitcoin the more it will be worth. There other short term factors like price manipulation and things like that. In the long term though it's about the supply and demand. It is an easy and basic concept but in practice becomes very complicated. Trying to understand it is what we all want to do in order to make big profits. 💰 💰 💰
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1Referee
Legendary
Offline
Activity: 2170
Merit: 1427
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June 04, 2017, 09:07:37 PM |
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4. The number of unconfirmed transactions
5. Competition from the altcoins
4 - If you look closely, the number of unconfirmed transactions has gone through the roof, and it didn't have a single bit of negative effect on the price. 5 - Altcoins have been experiencing a tremendous amount of growth during the last years, and especially this year, but again, it didn't have a single bit of negative effect on the price. |
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coinfast
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June 04, 2017, 09:47:43 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
One of the factors that affecting the Bitcoin value is Each time a government releases official statements about the regulation of digital currencies, the price of Bitcoin is normally affected, Even if the actions of that government are not related to the virtual currencies directly. and the Media can also influence the Bitcoins value significantly. Media hype can easily lead to an increase in the price, while negative news can lead to a decline in the price. |
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Vaculin
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June 04, 2017, 09:56:22 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
Just like about anything in the world. Supply and Demand. If more people are buying it price will go up, and more miners there are price will go down. Simple as that. Bitcoin is growing around the world, so the demand of people everywhere is growing fast, while few people want to sell bitcoin, so its value is rising fast. Definitely.Bitcoin is now popular to almost everyboday and some preferred to use it already especially in online transactions.The more people patronizes it,the higher its value becomes.When its price depreciates,less people will likely to use.But as far as bitcoin is concerned,its value continues to rise making bitcoiners beneficial. |
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farharhadi
Newbie
Offline
Activity: 56
Merit: 0
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June 05, 2017, 06:11:55 AM |
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I will create the best place nag better than gold, maybe many people are amazed at bitcoin, see the high value.
Then the money will be in huge amount.
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Distinctin
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June 05, 2017, 06:41:14 AM |
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I will create the best place nag better than gold, maybe many people are amazed at bitcoin, see the high value.
Then the money will be in huge amount.
You will probably get a higher value of your money if you will invest and hold. The price will not grow abruptly but it needs time to grow, if you see an abrupt increase never buy that price because it is just the whales, always buy on dip. |
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Scorpion
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June 05, 2017, 06:56:37 AM |
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It's quite simple - supply and demand. The supply is becoming scarce and the demand is becoming high.
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dillpicklechips
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June 05, 2017, 08:36:56 AM |
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It's quite simple - supply and demand. The supply is becoming scarce and the demand is becoming high.
That's right. The fiat system that we have now are centralized and hence they can release money (supply) proportional to the demand of the people that's why it is stable while in cryptocurrencies including bitcoin the supply has a market cap of 21M BTC hence the supply is fixed that's why it all depends with the demand that is if the demand rise up so thus the price will. - When the demand increases then also the price increases and vice versa. (directly proportional)
- When the supply increases then the price will decrease and vice versa. (indirectly proportional)
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kelceyott
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June 05, 2017, 08:49:49 AM |
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It's quite simple - supply and demand. The supply is becoming scarce and the demand is becoming high.
In fact, supplies are not scarce. The market is still functioning well, but the demand has surged sharply, supply can not keep up. |
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TravelMug
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June 05, 2017, 09:13:48 AM |
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It's quite simple - supply and demand. The supply is becoming scarce and the demand is becoming high.
In fact, supplies are not scarce. The market is still functioning well, but the demand has surged sharply, supply can not keep up. But the supply is getting difficult now as miners has a difficulty finding blocks. And it will be getting scarce in the next halving in 2020 I think. So imagine that the demand is high but the supply is getting very low. That means that the price will really increase in the future. So you will see a lot of predictions saying that bitcoin can reach $10000. |
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Cofee.BLUE
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June 05, 2017, 09:22:56 AM |
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The factor that affects its value is the demand.If more people are gonna use and buy bitcoin then the value will go up.The seceond is the supply if the supply,if the supply goes down but the demand goes up the value will also increase.But in reality,the supply doesnt go down,the demand increases but the supply cannot keep up with the demand.
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Peashooter
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June 05, 2017, 11:58:45 AM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
One of the factors that i know that keep affecting the bitcoin value is the news about bitcoin. If the news of bitcoin is always good then it will affect the price of bitcoin and it will be one of the big helper for the price to pump up and also the investors that are investing in bitcoin and because of the continuous money then it is resulting for a price increase also. There are lots of factors that can affect the value of bitcoin to change. I guess the supply and demand of bitcoin also can affect its price. I think the value or price of bitcoin will depend on the market.Also, i guess the number of bitcoin users can also have affect to the price of bitcoin to change. |
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northstarh
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June 05, 2017, 12:49:21 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
One of the factors that i know that keep affecting the bitcoin value is the news about bitcoin. If the news of bitcoin is always good then it will affect the price of bitcoin and it will be one of the big helper for the price to pump up and also the investors that are investing in bitcoin and because of the continuous money then it is resulting for a price increase also. There are lots of factors that can affect the value of bitcoin to change. I guess the supply and demand of bitcoin also can affect its price. I think the value or price of bitcoin will depend on the market.Also, i guess the number of bitcoin users can also have affect to the price of bitcoin to change. That is no longer strange, supply and demand are the two main factors that affect the value of bitcoin. In addition, there are many other factors that indirectly influence the value of bitcoin, and the best example is government acceptance. |
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TrissMerigold
Member
Offline
Activity: 84
Merit: 10
Bitrated user: Olysikes1. Authenticate
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June 05, 2017, 12:54:56 PM |
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traders , investors , probablt other company that get involved in bitcoin things ... i dont know but probably it will cost more than gold in the future , many countries start to accepting btc as legal payment so theres a chance to go on bigger opportunities  |
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radamiel
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June 05, 2017, 02:24:14 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
One of the factors that i know that keep affecting the bitcoin value is the news about bitcoin. If the news of bitcoin is always good then it will affect the price of bitcoin and it will be one of the big helper for the price to pump up and also the investors that are investing in bitcoin and because of the continuous money then it is resulting for a price increase also. There are lots of factors that can affect the value of bitcoin to change. I guess the supply and demand of bitcoin also can affect its price. I think the value or price of bitcoin will depend on the market.Also, i guess the number of bitcoin users can also have affect to the price of bitcoin to change. That is no longer strange, supply and demand are the two main factors that affect the value of bitcoin. In addition, there are many other factors that indirectly influence the value of bitcoin, and the best example is government acceptance. Right, too complicated indeed if we analyze bitcoin prices, a lot of the factors that influence it, I think there is no dominant factor in bitcoin pricing, all factors affect each other, just like forex, we can not definitely estimate bitcoin prices, even I think more Complicated bitcoin prices than forex |
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Rub3n
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June 05, 2017, 02:31:36 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
Just like about anything in the world. Supply and Demand. If more people are buying it price will go up, and more miners there are price will go down. Simple as that. Keep in mind that also it will be harder to get one every year, and so on. Meaning that it's trading value will grow stronger (per btc). |
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Siren
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June 05, 2017, 02:35:07 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
One of the factors that i know that keep affecting the bitcoin value is the news about bitcoin. If the news of bitcoin is always good then it will affect the price of bitcoin and it will be one of the big helper for the price to pump up and also the investors that are investing in bitcoin and because of the continuous money then it is resulting for a price increase also. There are lots of factors that can affect the value of bitcoin to change. I guess the supply and demand of bitcoin also can affect its price. I think the value or price of bitcoin will depend on the market.Also, i guess the number of bitcoin users can also have affect to the price of bitcoin to change. That is no longer strange, supply and demand are the two main factors that affect the value of bitcoin. In addition, there are many other factors that indirectly influence the value of bitcoin, and the best example is government acceptance. Right, too complicated indeed if we analyze bitcoin prices, a lot of the factors that influence it, I think there is no dominant factor in bitcoin pricing, all factors affect each other, just like forex, we can not definitely estimate bitcoin prices, even I think more Complicated bitcoin prices than forex Yes and so for us like newbie in trading, we shouldn't complicate our selves but understanding outside factors on why the price of bitcoin is like that. We can just buy if we want and see where our money goes, don't do over complicated. And maybe later once we gain experience we can now really know what affect the price of bitcoin and make our own guesses. |
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jayohby
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June 05, 2017, 02:36:16 PM |
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value of bitcoin is infinite because fiats can be printed infinitely.
do not time the market of bitcoin. bitcoin going to 100k$ USD
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MetalGear
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June 05, 2017, 02:39:11 PM |
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The value of the bitcoin is like the value of the money that we are spending for our everyday needs. Bitcoin is an electronic money that is valuable enough to be used as a money in change to the commercialized products that we need. Bitcoin is helpful and valuable to all. So it is nice to learn more and be familiar with bitcoin.
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Juggy777
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June 05, 2017, 02:45:39 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
Bitcoin works on a simple principle demand and supply, so higher demand low supply shoots up the price and vice versa. Then again the global economy plays a important role in the Bitcoin market. Then if a country adopts it like Japan did and suddenly the price is shooting up that's how it works and all signs currently point towards a good run in the price. If you are planning to buy, I would recommend you to buy in dips. |
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aiaiwho
Newbie
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Activity: 4
Merit: 0
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June 05, 2017, 02:48:08 PM |
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At the moment it seems to be mostly speculation and new countries pouring a lot of money all of a sudden into bitcoin. Historically these speculative cycles have been alive but the general trend of growth is linked to the increased usage bitcoin has been getting year after year to the point where the bitcoin network can't even handle all these transactions anymore.
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yogaantoni
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June 05, 2017, 03:06:36 PM |
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I myself do not know much about the factors that affect the value of bitcoin. Of the many comments I read became an important input for me. I think one factor of demand and trade greatly affects the value of bitcoin.
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carlisle1
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June 05, 2017, 03:21:51 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
the number of people who are adapting in to bitcoin as well as the amount of their money being exchanged into bitcoin and being circulated in bitcoin's system, the price is getting higher due to increasing demand . if you know how the supply and demand works in economics you'll understand as it is also applied on the systems of bitcoin because in my opinion it is like a usual good being sold in the market . |
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wallstone
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June 10, 2017, 05:27:41 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
There are lot of factors that affect the value of bitcoin to change. I guess in every seconds, minutes, hours, days the value of bitcoin is always change. Also the fluctuations in the supply and demand of bitcoin can also affect the value to change. I think the value of bitcoin will depend in the market or to the people who buy o have it.But the main factors than can affect the value to change its the supply and demand of bitcoin. |
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sasaku bitbit
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June 10, 2017, 06:02:34 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
One of the factors that i know that keep affecting the bitcoin value is the news about bitcoin. If the news of bitcoin is always good then it will affect the price of bitcoin and it will be one of the big helper for the price to pump up and also the investors that are investing in bitcoin and because of the continuous money then it is resulting for a price increase also. There are lots of factors that can affect the value of bitcoin to change. I guess the supply and demand of bitcoin also can affect its price. I think the value or price of bitcoin will depend on the market.Also, i guess the number of bitcoin users can also have affect to the price of bitcoin to change. It seems to me that affect the price of the bitcoin so that supply and demand bitcoin market will depend on the price of the bitcoin but many users a bitcoin undeterred with this and will not change the value of bitcoin |
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selline
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June 11, 2017, 02:48:48 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
One of the factors that i know that keep affecting the bitcoin value is the news about bitcoin. If the news of bitcoin is always good then it will affect the price of bitcoin and it will be one of the big helper for the price to pump up and also the investors that are investing in bitcoin and because of the continuous money then it is resulting for a price increase also. There are lots of factors that can affect the value of bitcoin to change. I guess the supply and demand of bitcoin also can affect its price. I think the value or price of bitcoin will depend on the market.Also, i guess the number of bitcoin users can also have affect to the price of bitcoin to change. that can affect the bitcoin is going on supply and demand of the bitcoin higher so as to make the price of the bitcoin frequent changing is not stable against the value and price of the bitcoin on the trading market |
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chichan13
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June 13, 2017, 02:50:31 AM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
The main factors that can affect the value of bitcoin to change are the fluctuations in the supply and demand. I guess that the value of bitcoin will depend in the market or to the number of people who have i.e. hope that in the near future the price of bitcoin will rapidly increase and become stable in a high price. |
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Baby Dragon
Sr. Member
Offline
Activity: 896
Merit: 272
OWNR - Store all crypto in one app.
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June 25, 2017, 07:32:53 AM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
Actually, there are lot factors that affect the value of bitcoin to change. In addition to that, the fluctuations of the supply and demand of bitcoin are the main factor that can affect the value of bitcoin to increase and decrease. I guess that the number of people who buy or who have also can affect the value of bitcoin to change and the value of bitcoin will depend on the online market. |
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citizenh-ssd
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June 25, 2017, 09:25:39 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
Actually, there are lot factors that affect the value of bitcoin to change. In addition to that, the fluctuations of the supply and demand of bitcoin are the main factor that can affect the value of bitcoin to increase and decrease. I guess that the number of people who buy or who have also can affect the value of bitcoin to change and the value of bitcoin will depend on the online market. Guys, you'll laugh until now I still do not fully understand what Bitcoin's value is. If the dollar has a gold reserve, then ecoin does not have gold and then it's unclear what its value is and why the price for Bitcoin is soaring. |
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Tamilson
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June 26, 2017, 08:42:50 AM |
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The factor that affects its value is the demand.If more people are gonna use and buy bitcoin then the value will go up.The seceond is the supply if the supply,if the supply goes down but the demand goes up the value will also increase.But in reality,the supply doesnt go down,the demand increases but the supply cannot keep up with the demand.
Well just to make it short. Supply and demand are the factors that determines the value of bitcoin. When the demand is low, supply will increase so the value of btc will decrease while when the demand is high the supply decreases and the value of btc increases. Many factors are still affecting the value but these two plays the major role. |
Happy Coding Life  |
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arwin100
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June 26, 2017, 09:02:18 AM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
Actually, there are lot factors that affect the value of bitcoin to change. In addition to that, the fluctuations of the supply and demand of bitcoin are the main factor that can affect the value of bitcoin to increase and decrease. I guess that the number of people who buy or who have also can affect the value of bitcoin to change and the value of bitcoin will depend on the online market. Guys, you'll laugh until now I still do not fully understand what Bitcoin's value is. If the dollar has a gold reserve, then ecoin does not have gold and then it's unclear what its value is and why the price for Bitcoin is soaring. Why you don't know on why bitcoins price soar high at this point well try to read this post since its simplify on how things works on bitcoins and this would be the main reason on why you can see great leap unto it. And if you see there's certain high price leap happening well that mean many people are hoarding their coins and they are staking for future used since bitcoins has its thrend right now. -snip
Well just to make it short. Supply and demand are the factors that determines the value of bitcoin. When the demand is low, supply will increase so the value of btc will decrease while when the demand is high the supply decreases and the value of btc increases. Many factors are still affecting the value but these two plays the major role. |
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skorupi17
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June 26, 2017, 07:13:01 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
There are many factors that affects the price of Bitcoin. The major factor is the supply and demand. The supply and demand is the one that dictates the price of Bitcoin. It is the demand of Bitcoin with respect to the available supply in the market. That is the basic. Though we have the internal and external factors that may also trigger the price changes. Internal factor may be the issues within Bitcoin itself, the tx confirmation processing time, the high fees, etc. This might affect how people see bitcoin and will result to lower demand. External factors are the happening outside the concern of Bitcoin such as a country officially legalize Bitcoin that would result to the increase in Bitcoin's price or some person spreading false information about Bitcoin that may trigger panic selling thus making the supply higher and decrease in Bitcoin's price. |
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Bodywowoya
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June 26, 2017, 07:43:10 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
There are many factors that affects the price of Bitcoin. The major factor is the supply and demand. The supply and demand is the one that dictates the price of Bitcoin. It is the demand of Bitcoin with respect to the available supply in the market. That is the basic. Though we have the internal and external factors that may also trigger the price changes. Internal factor may be the issues within Bitcoin itself, the tx confirmation processing time, the high fees, etc. This might affect how people see bitcoin and will result to lower demand. External factors are the happening outside the concern of Bitcoin such as a country officially legalize Bitcoin that would result to the increase in Bitcoin's price or some person spreading false information about Bitcoin that may trigger panic selling thus making the supply higher and decrease in Bitcoin's price. I would also add the fact that when large whales affect the price of throwing their Bitcoin on the market to lower the price. And there are also panic moods that rise artificially to achieve the same goal. |
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HasHe
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June 28, 2017, 07:01:09 AM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
The first and foremost factor is the increase and decrease in demand for bitcoins.Another important factor which affect negatively is the announcement of hard forks and splits to happen which make investors panic and force them to sell bitcoin which decreases bitcoin value.We had already experienced such price fall due to BU issues before two months. |
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sasaku bitbit
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June 28, 2017, 05:23:14 PM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
The first and foremost factor is the increase and decrease in demand for bitcoins.Another important factor which affect negatively is the announcement of hard forks and splits to happen which make investors panic and force them to sell bitcoin which decreases bitcoin value.We had already experienced such price fall due to BU issues before two months. It is true that the main factors negatively affecting is the announcement and split that occurs so it makes investors became panic and forcing them to sell the reduced value of bitcoin bitcoin. because we are already experiencing a decline in the prices during the prior two this month. out of it the price value of bitcoin is getting up and down also affects the value of bitcoin |
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itsallpc
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June 29, 2017, 11:40:53 AM |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
Increase and decrease in demand for bitcoins mainly determines bitcoin value.Also factors like news spreading rumours that hard fork is going to occur and bitcoin is going to die also affects bitcoin price.We have already seen price decline in bitcoins due to such situations. |
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