mostcrack
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March 24, 2018, 08:16:03 AM |
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Indeed, many things that can cause bitcoin to experience price changes are very frequent yesterday, because all know for sure negative news continues to decline bitcoin users and the market a little dim, bitcoin is actually very easily manipulated by people who are very influential in every country.
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Noelbetty12
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March 24, 2018, 09:06:41 AM |
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Recent banning and other negative impression on bitcoin creates fear among coin holders thus creating a change in supply and demand of bitcoins. With the recent event about google banning crypto ads most coins appear affected as could be seen during when announcement was made. People seemed to lose interest in coins as a result of FUDs. There are so many factors that really had an effect.
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Clyvizcarra
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March 24, 2018, 10:00:40 AM |
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Stability of the bitcoin network is a major factor that most bitcoin enthusiasts are concerned about. Most people want a secure network where they will not lose their money. Unlike the conventional currencies like euros and dollars, bitcoins are largely perceived as economic bubbles as they are only valuable when exchanged with other currencies, but do not have any inherent value on their own. If most people and business organizations stopped accepting bitcoins, the “bubble” would burst, leading to a fall in the bitcoin price.
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nelsledma
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March 26, 2018, 12:20:39 PM |
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OP, you posted a nice list. I think, FUD is the major reason of dumping. Without these FUD, Bitcoin should be 15k again by now.
That is definite. There are fuds creating problems to bitcoins every other day. Sometimes when bitcoins start becoming stable these fuds are spread over internet and people, due to their lose knowledge, start panicking and ending with their selling at such low prices. They even don’t care about bitcoins then. At the time, there would be only best decision and that is saving their own amount.
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Sithara007
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March 26, 2018, 12:55:12 PM |
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These are the factors which come to my mind right now:
1. Media coverage 2. Legality 3. Hacks of exchanges / ventures 4. Statements by billionaires or banksters 5. Expansion of the user-base
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cryptojac17
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March 26, 2018, 02:24:41 PM |
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These are the factors which come to my mind right now:
1. Media coverage 2. Legality 3. Hacks of exchanges / ventures 4. Statements by billionaires or banksters 5. Expansion of the user-base
The major contributor is legality because the G20 leaders are planning to impose some measures to suppress bitcoin due to anonymity and decentralized, to protect their citizens from scam and another criminal activities,
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sheenshane
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March 26, 2018, 02:47:26 PM |
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OP, you posted a nice list. I think, FUD is the major reason of dumping. Without these FUD, Bitcoin should be 15k again by now.
That is definite. There are fuds creating problems to bitcoins every other day. Sometimes when bitcoins start becoming stable these fuds are spread over internet and people, due to their lose knowledge, start panicking and ending with their selling at such low prices. They even don’t care about bitcoins then. At the time, there would be only best decision and that is saving their own amount. I must be believed on this that making FUD news will really effect on bitcoin price. Continuing spreading a FUD news I consider that the one factor makes price decrease in the market. And these are a minor effect on bitcoin, banning some countries and Hodlers do panic selling that the most important that if the was having bloodbath you should hold until it back to normal.
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Isaacck1
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March 26, 2018, 02:58:41 PM |
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Well of course the demand of bitcoin is the number one factor that affects bitcoin price. I think there are months, or seasons, that have effects on bitcoin. There are also people, who are also called whales, that have a direct impact on bitcoin. If they sell, bitcoin falls, if they buy, bitcoin rises. And of course, the FUD's have a great impact on bitcoin. But most of FUD's affect bitcoin in a negative way.
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legger
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March 26, 2018, 03:15:43 PM |
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IMO, FUD may be a factor that greatly affects the current bitcoin price. This can be interpreted as a brainwashing of people who want to invest here. How come? One's belief will change if bad news is widespread among them and change their view of bitcoin.
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13abyknight
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March 26, 2018, 03:17:49 PM |
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From the past few months, I would put number four in your list as my number one. More than supply and demand, its been 'X' country banning Bitcoin while 'Y' country continuing its attempt to regulate it and 'Z' country accepting it completely. These news have taking a toll on the prices of Bitcoin over time and it looks to be trending in the same direction.
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forklif
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March 26, 2018, 03:19:28 PM |
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Now policy impact has very important effect to the price of the currency, in September 2017, the Chinese government's policy led to a bit of a drop in prices, in January 2018, South Korea and the policy of the Chinese government and lead to decline in the currency price!
yes, it is true, policies made by some countries are bad for bitcoin, especially now that many negative news about bitcoin add bad effect again to bitcoin, like banning facebook and google.
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btctestcolets
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March 26, 2018, 03:27:58 PM |
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Well of course the demand of bitcoin is the number one factor that affects bitcoin price. I think there are months, or seasons, that have effects on bitcoin. There are also people, who are also called whales, that have a direct impact on bitcoin. If they sell, bitcoin falls, if they buy, bitcoin rises. And of course, the FUD's have a great impact on bitcoin. But most of FUD's affect bitcoin in a negative way.
Yes, agree with you., Other aspect may contribute also to the major effect of bitcoin price is implementing a new sets of rules and policies which tends to fall the price. One is declaration of a giant social media banned of promoting ads. to a new ICO which are developing from it to blockchain. Plus the another giant marketing network google which tighten the advertising of coins and ico. From circumstances it carries a big impact into the marginal marketing of digital currency which directly affect to the market value.
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sumanto
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March 26, 2018, 03:51:54 PM |
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I think politics can be an influence of rising and falling prices as well, because there is so much politics involved in discussing bitcoin and mostly just giving bad news, so essentially what you mentioned is all true and politics becomes a new addition that can affect bitcoin prices.
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a31078
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March 26, 2018, 04:03:24 PM |
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Other than your highlighted views , we can add effect of the Big boys/Big whales ways of manipulating the prices, since they are the major initial Bitcoin patronizers. Additionaly the last FUD with respect to Chinna banning Bitcoin and negative rumours like that from few other countries also have significant deffect on Bitcoin prices. In essence, widespread rumor such like this also affects the price of Bitcoin.
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plaintiff77
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March 26, 2018, 04:34:07 PM |
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What factor merely affect the price of bitcoin is the demand. If a lot of people are doing exchange and cash out then it would make bitcoin to lower down and that is the perfect time to buy again a lot of bitcoin. Store it then trade at a later time. That is how we prove the volatility of bitcoin price.
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harrypotter1229
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March 26, 2018, 04:45:47 PM |
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The most important factor affecting the price of bitcoin, I think, is market sentiment. Now the encrypted world is not lack of funds. Many large institutions and investors are going to enter the market. When the market is going down, these funds will not enter easily. If the market has policy support, then everyone's mood of encrypting money is very hot. At this time, it is easy to go up quickly.
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spartak-sbk
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April 10, 2018, 11:19:41 AM |
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The most important factor that affects the growth of the bitcoin price is demand (demand generates supply is known to everyone). Secondly, bitcoin is affected by the information flow of news.
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kaizerblitz
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April 10, 2018, 11:27:33 AM |
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Those panic seller that join the ride of dumping bitcoim those are the one of the factors that bitcoin affect the price and those called whale they are big hodler of bitcoin theya are easily manipulate bitcoin price.
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As roma
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May 15, 2018, 07:33:46 PM |
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Now policy impact has very important effect to the price of the currency, in September 2017, the Chinese government's policy led to a bit of a drop in prices, in January 2018, South Korea and the policy of the Chinese government and lead to decline in the currency price!
The main factor Bitcoin prices are determined by demand and supply. As demand for bitcoin increases, prices increase and as demand falls, prices fall. Bitcoin is already circulating in number and new bitcoin is made with predictable and declining rates, which means demand must follow the inflation rate to keep prices stable. Since Bitcoin is still a relatively small market compared to the actual potential it can achieve, it does not require a large amount of money to drive up or down market prices, and therefore bitcoin prices are still very volatile.
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Brangos99
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May 20, 2018, 05:15:26 AM |
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The main factors that greatly affect the price of Bitcoin are the supply and demand in the market. If many people buy Bitcoin with a large amount of Bitcoin prices will soar. Conversely, if many bitcoiners sell Bitcoin, bitcoin prices will fall sharply.
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