Leo Liang (OP)
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September 18, 2017, 06:21:19 PM |
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i'm new to the bitcoin community so i'm just very curious about what causes the prices to sometimes skyrocket but then drop really low so quickly. Thanks
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erikalui
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September 18, 2017, 06:24:54 PM |
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It's similar to stock market where everything depends on speculations. Like the recent drop was because China introduced new regulations due to which some of their exchanges like BTCC shut down and the price rise earlier was because of Hard Fork news that made the price go up by almost 40%. Bitcoin is a highly volatile currency due to this.
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alva5763
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September 18, 2017, 06:43:05 PM |
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The main reason any investment rises or falls is supply and demand. More supply,ie coins available,and the price drops while more demand,lrss coins available and the price rises. It is the reasons for the change in supply and demand that must be found eg at the moment the news of actions in China.
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eternalgloom
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September 18, 2017, 06:51:17 PM |
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The main reason any investment rises or falls is supply and demand. More supply,ie coins available,and the price drops while more demand,lrss coins available and the price rises. It is the reasons for the change in supply and demand that must be found eg at the moment the news of actions in China.
Supply and demand has little to do with these recent price changes, these are mostly based on recent events. More supply or demand is the end result of these changes, but they're not the cause. Bitcoin is highly speculative at this point, so any news will have a significant effect on the price. |
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Irvinn
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September 18, 2017, 06:58:08 PM |
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One of the characteristic features of the crypto currency is its high volatility, that is, the ability to dramatically change the rate. You need to get used to this and take it easy. Crypto currency is not guaranteed and regulated by the demand and supply of the market. It is greatly influenced by various external factors, such as recent events in China.
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sanforized
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September 20, 2017, 01:35:53 PM |
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To increase the value or decrease the value of bitcoin is common in bitcoin. but this can happen if there are things happening in marketing. I still think looking for bitcoin because bitcoin is just like buying a stock. learn to buy stocks with the smallest value first. hopefully the value of bitcoin will again become stable and can provide benefits.  |
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reliable
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September 20, 2017, 01:40:46 PM |
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There could be couple of basic reasons just like stock market where the prices move up and down. Yes in it bitcoin too we have demand and supply elasticity. Also another factor could be due to the global news if its favorable it will rise else it will fall just recently when China had ban ICO we have seen a drop in prices. People who hold huge amount of btc as a institution or private players can move the market to an extent as per their requirement y either selling or keep buying the coins which will lead to price rise.
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Nicol3
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September 20, 2017, 01:45:13 PM |
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I think one of its main factors why bitcoins price skyrockets is mainly because of the news about bitcoin or any update about bitcoin; and of course the supply and demand of the coin.
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bitbunnny
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September 20, 2017, 01:49:16 PM |
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First rule you have to learn and accept is that Bitcoin is volatile by nature and you can't avoid that. On smaller or biger volatility influence the ratio of demand and supply, so the situation on the market but also some external factors like recent happenings in China or hard fork. It's actualy similar influence like it could be affected fiat currencies or stock exchange.
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djsugar
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September 20, 2017, 01:51:23 PM |
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Bitcoin is a speculative asset. Market get largely affected by news. When there is a negative news as happened recently with China's ban, Jamie Dimon speech etc, people get panic and usually dump the price. But such dumps are short lived. Similarly when there is a positive news in market, price shoots as happened during Segwit activation. Also when demand is high, price skyrocket as happening in 2017. But along with the natural increase of price, there is a minor pump that is why a correction always takes place aftee touching ATH which reduces the price.
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reflector
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September 20, 2017, 01:51:48 PM |
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I think one of its main factors why bitcoins price skyrockets is mainly because of the news about bitcoin or any update about bitcoin; and of course the supply and demand of the coin.
News is just a factor which takes bitcoin to its users but for price change adoption, supply and demand will determine completely. I see again bitcoin price is started increasing from the past 5 days. If bitcoin price volatile every hour you please utilize the time and buy some bitcoins. |
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TrumpD
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September 20, 2017, 01:55:59 PM |
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i'm new to the bitcoin community so i'm just very curious about what causes the prices to sometimes skyrocket but then drop really low so quickly. Thanks
The value of a bitcoin is tied to the laws of supply and demand, expect it to move upwards regardless of the current downward trend. If something is both rare and useful, it must have value and demand a high price, with all other things being equal. |
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YuginKadoya
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September 20, 2017, 02:04:09 PM |
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I think one of its main factors why bitcoins price skyrockets is mainly because of the news about bitcoin or any update about bitcoin; and of course the supply and demand of the coin.
News is just a factor which takes bitcoin to its users but for price change adoption, supply and demand will determine completely. I see again bitcoin price is started increasing from the past 5 days. If bitcoin price volatile every hour you please utilize the time and buy some bitcoins. This event sure is normal now Bitcoin fluctuation is cause by many factors, the supply and demand, GOOD and BAD news on bitcoin, the panic selling of many users or a lot is investing with bitcoin that is why the price skyrocket sometimes, but this kind of situations you can surely take advantage of them and you can make it all a positive thing for you, because investor wants a fast progress sometimes. |
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zurc
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September 20, 2017, 02:09:36 PM
Last edit: September 23, 2017, 01:48:42 PM by zurc |
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because of the negative feedback of those billionaires and because of this very sensitive China government for banning bitcoin in their country but don not worry bitcoin will never be taken down.
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RodeoX
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September 20, 2017, 02:09:48 PM |
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Ultimately it comes down to the activities of bitcoin users who are buying and selling. There is no "price" of bitcoin. The prices you see listed on websites is normally an average of current prices being paid. You or I might want $10,000 per coin. However no one is going to pay that when others are selling lower.
This average price is constantly changing and can have large swings when lots of people want bitcoin, or want to sell bitcoin. Commodities like gold behave similarly.
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Maveth13
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September 20, 2017, 02:19:25 PM |
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Cryptocurrency generally depends on supply and demand. Recently there was a lot of negative news about bitcoin that caused people to panic and sell their coins, this then caused the price to drop. Then because the price was low, a lot people took the opportunity to buy, this then caused the price to increase.
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dunfida
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September 20, 2017, 02:22:57 PM |
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i'm new to the bitcoin community so i'm just very curious about what causes the prices to sometimes skyrocket but then drop really low so quickly. Thanks
First of all I would like to welcome you on this bitcoin world and answering regarding on your question.Price of bitcoin is volatile and you should really get used to it and those price movements does really depend on supply and demand thing on which it is just a simple economic class and you would able to understand why do it behave like that but this movements is the best waves for trader or investors to make money with it. |
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hamza1044
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September 20, 2017, 02:36:07 PM |
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before anything about the bitcoin price or news you are wellcome here
bitcoin price change because china has banned the ico and after month china will banned some exchage
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Shamie1002
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September 20, 2017, 02:39:58 PM |
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This question was answered a hundred times before. Newbies should read more than being lazy enough to just post everything they want to know. You can learn everything here. Please try reading more.
I will still give you some easy answers. Prices are affected by supply and demand..bitcoin has limited stock. I
More in demand (many are purchasing it) the lesser the supply of bitcoins. The higher the worth it reaches.
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notyours
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September 20, 2017, 02:43:16 PM |
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The collapse of bitcoins is connected to what's happening around. And of course the rising price is also connected. As recently as China has banned the ICOs and its result was Bitcoins stinging at $ 500 just a few hours after it was announced. And then their plans to stop the Exchanger in their country have resulted in the fall of the bitcoins of nearly $ 1,500. But it has passed and has been answered. Slowly the price of bitcoins is rising and returns at a price of 4,000 $
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