What determines if a coin goes up or down in price?

[viking02]

I heard that if there is news that certain places will start using a certain currency, then it will increase in value.  Obviously that sounds very simple.  But that is true right?


What exactly causes a coin to go up or go down in value?  If everyone starts selling the coin, will the coin go down in value?  Im curious but what things trigger coin prices to go up or down?

[Savemore]

I heard that if there is news that certain places will start using a certain currency, then it will increase in value.  Obviously that sounds very simple.  But that is true right?


What exactly causes a coin to go up or go down in value?  If everyone starts selling the coin, will the coin go down in value?  Im curious but what things trigger coin prices to go up or down?

I think the people who uses the bitcoin. Imagine it if all of the people are using bitcoins, i think the value is rising up. The price also have connected to the investors that invested in the bitcoin world.

[Bagaji]

The upward and downward trend of Bitcoin or any crypto currency at all moves as a result of the forces of demand and supply of that currency. When the  demand for the a particular currency is high the market value of the currency will start going up and vice versa. There can equally be up and down trend of any currency maybe as a result of either positive or negative news about the currency or international events.

[masterzino]

I heard that if there is news that certain places will start using a certain currency, then it will increase in value.  Obviously that sounds very simple.  But that is true right?


What exactly causes a coin to go up or go down in value?  If everyone starts selling the coin, will the coin go down in value?  Im curious but what things trigger coin prices to go up or down?

I think the people who uses the bitcoin. Imagine it if all of the people are using bitcoins, i think the value is rising up. The price also have connected to the investors that invested in the bitcoin world.

This, and many more reasons for rise or fall.
You should look at the big picture, not only for BTC. It's not that easy like only people using it to determinate the price.
Like, for example, bitcoin is still very fragile and every new about legalization or ban in any country is influencing the price heavily. Or the upcoming possible fork. Or some exchange scams.

[sweetbet]

So many factors can cause a coin to go up or down in price.

1. The number of people buying it or selling it
2. Favorable or unfavorable press coverage
3. It's perceived future potential, especially by big corporations
4. Governmental reactions and the number of countries who recognize and legalize it.

[Pursuer]

I heard that if there is news that certain places will start using a certain currency, then it will increase in value.  Obviously that sounds very simple.  But that is true right?
What exactly causes a coin to go up or go down in value?  If everyone starts selling the coin, will the coin go down in value?  Im curious but what things trigger coin prices to go up or down?

what you've heard is a very simplified version of the reality.
it is all about the adoption. if it grows then the price grows too.
being added to a new place doesn't increase the adoption right away, it usually is the other way around. first the adoption happens so price goes up and because of the demand for that service they add that payment. but in long run if that service is big enough (like if Amazon adds bitcoin payment) the prices will rise more because of the publicity that it brings.

[hase0278]

What exactly causes a coin to go up or go down in value?  If everyone starts selling the coin, will the coin go down in value?  Im curious but what things trigger coin prices to go up or down?

The things that causes a coin to go up or down in price is demand and user's trading activites of a certain coin so when a place or certain country starts using a certain currency, it goes up in price just because of demand. If one country begins to use for example bitcoin, they would buy it therefore making it's value go up and at the same time, if many peoe sells, therefore it will go down in value. Another factor that triggers a coin's price to go up and down are news and FUDs.

[Nathland]

The price of a cryptocurrency is determined by ratio of demand and supply. If ratio of demand and supply is more than one than price will go up. If ratio of demand and supply is less than one then price of Bitcoin will go down. If the ratio is exactly one, then price will remain at the same level.

[Xavofat]

It's crazily simple.

The amount of BTC being bought has to equal the amount being sold.  Therefore if too many people want to sell, people will only start buying to complete the trade if the sellers agree to a lower price.

It's all about competition really.

[Krillin61]

I heard that if there is news that certain places will start using a certain currency, then it will increase in value.  Obviously that sounds very simple.  But that is true right?


What exactly causes a coin to go up or go down in value?  If everyone starts selling the coin, will the coin go down in value?  Im curious but what things trigger coin prices to go up or down?

Yes it can. News is very important to consider what to trade. I just want to add, chart analysis is also helpful to know when does the price of a coin will pump. Knowing when to pump is not simple since huge traders don't have the same mind set thus you have to really analyze everything carefully.

[care2yak]

So many factors can cause a coin to go up or down in price.

1. The number of people buying it or selling it
2. Favorable or unfavorable press coverage
3. It's perceived future potential, especially by big corporations
4. Governmental reactions and the number of countries who recognize and legalize it.

The law of supply and demand - which is simply stated in item number 1. The price of a coin goes up when the demand for it goes up. The demand goes up, when there are uses for the coin like say, a really good and reputable online store accepts the coin as payment for their goods or services. Customers who have that coin would prefer to use it than use a credit card maybe or make a fiat deposit. So if there are lots of online retail stores that will accept that coin, the demand for that coin increases, and so will its value   But if otherwise, the the inverse will happen. No use for the coin or no perceived potential use, then the demand for that coin will drop, and you'll see this when dumping happens, and this in effect, causes the price to dip.

If press coverage is favorable, it's like marketing - it helps boost a product's value. So people get into the hype and boosts price. When news is bad, people tend to panic sell and then prices go down. But it doesn't seem to work much with bitcoin. Good or bad news these days doesn't affect price so much so with bitcoin, I suppose a bad event in the blockchain will make prices dip. Other than that, it's still going strong.

[dihari]

I was originally thinking the price will always move when some event running or some development announce to public and let the media spread its word. But after one year doing regular bitcoin trading, I am sure most of the prices moves is effected by speculation.
When some people holding +-250 btc, it's​ really can make a different when they do something​ with their btc. Just follow the whales, and you'll​ get something to survive.

[cramcram21]

The fluctuation of a coin is being cause of its stock's and demands,
As the demands rises the stock's would increase it's price so I think that's how it works.

[Duzter]

The supply to the demand is the one that predicts the price pumping and dumping. This in turn gets related to the platform in which the concern coin is functioning along with the trading volume and distribution on different exchnages.

[ecnalubma]

The number one factor that triggers fluctuations in price is supply and demand, however some factors affect pricing are coin system improvements, segwit, events etc. may influence cryptocurrency prices.

[johnwest]

The number one factor that triggers fluctuations in price is supply and demand, however some factors affect pricing are coin system improvements, segwit, events etc. may influence cryptocurrency prices.

Supply and Demand are the major things which trigger the price to rise at the beginning. After that if the coin gets recognized then there will be lots of factors on which the price will be increased and decreased. Even News have a great impact on the price, I guess you have heard about Panic selling situations and mass buying.

[VenceyBit]

News is a big factor whether the price will go up or down. Supply and demand should also consider. I trade coins when i see high volume in it. High volume bad news, FUD everywhere, people want it dump. Positive news the price goes up. I only hold very few alts for long term as i mostly do day trade. 

[digaran]

There are 3 groups of people controlling and influencing everything in the market.

1: Major investors-companies(whales).
2: Governments and their agencies-banks and organizations working for both governments and banks.
3: Normal community members-random individuals.

[olubams]

I heard that if there is news that certain places will start using a certain currency, then it will increase in value.  Obviously that sounds very simple.  But that is true right?


What exactly causes a coin to go up or go down in value?  If everyone starts selling the coin, will the coin go down in value?  Im curious but what things trigger coin prices to go up or down?

The real cause of the increase in price might be linked to such news but not totally because the news does not take effect automatically and even when the news break sometimes we see reverse in the price and that can be likened to what is being faced now. For me, I think there are some artificial forces that still influence price through various collaborations as we have it in alts, there is a possibility its happening to bitcoin as well.

[Idrisu]

The really reason why price move up or down is because of the force of demands and supplies. What influence the forces of demand and supply is fundamental issues and market action. Traders trade based on this two fundamental reality.