billionaireSHS
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February 24, 2018, 08:46:01 AM |
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Well, base on my experience it is true that bitcoin price or value is so very volatile because every single moment it's move. So for me, bitcoin price will sometimes dump and pump because of the investors. If there are high investments of the investors there is a pump of thethe price but if there's a decrease of investments it will result to the dump of the price of bitcoin.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Choyor
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February 24, 2018, 09:06:17 AM |
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The determining factor is supply and demand. That is, if many users who make a bitcoin purchase then the price will be rising up. Vice versa, if many are selling bitcoin then the price will decline. as I know if Bitcoin is vulnerable to negative issues, I think this decline is due to investors who monitor warnings from a number of regulators and increased crackdowns on the virtual currency market in various countries.
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0t3p0t
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February 24, 2018, 09:24:45 AM |
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Bitcoin is very volatile. It goes up and down at no time. But I started to think what causes its values to go down. These past few days, its prices are notably lower that last year's values. Last year, I believe, during the first few months, its prices are likewise low. Do bitcoin prices go down every January to February? Does it have a logical association?
The most accurate factor that I have ever known is FUD. Prices started to goes down when some traders or people are dumping their coins due to some reasons either an emergency or personal needs. Uncertainty and doubt makes some weak hands to lay down their investments resulting to massive dumps and this is some kind of unprofessional but a is natural in these crypto industry. News also is one of those many factors that is influencial in terms of plummet most especially about regulation and banning of crypto's in some countries or issues with exchanges. The fourth quarter of 2017 turns the market into a bloody ocean of coins but as early as 2018, Bitcoin started to bounce back and followed by Altcoins but some Alts are still bleeding these days and I don't know why. It could be that Bitcoins history would repeat itself every year but also depends on it's community.
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XCANA
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February 24, 2018, 09:53:29 AM |
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One of the major factors that trigger price fluctuations or correction of Bitcoin is panic sell which is as a result of FUD. Although government ban of crypto currency activities could affect the value of Bitcoin to decrease significantly in some cases.
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brotherwood12
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February 24, 2018, 11:01:57 AM |
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i guess the most thing factor that triggers bitcoin price is bad news , people are too panic after hear about bitcoin bad news and didnt do research for that 1st that make the price down
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alyssa85
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February 24, 2018, 11:16:18 AM |
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A big trigger would be the banking sector blocking the exchanges. If you can't spend your bitcoin (because merchants don't accept it) and you can't convert your bitcoin into fiat to spend, then what is the point of holding bitcoin?
So watch to see what the banking sector does. We've already seen bans on purchases with credit cards. But wire transfers are still working smoothly.
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lionheart89
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February 24, 2018, 11:50:17 AM |
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Bitcoin is very volatile. It goes up and down at no time. But I started to think what causes its values to go down. These past few days, its prices are notably lower that last year's values. Last year, I believe, during the first few months, its prices are likewise low. Do bitcoin prices go down every January to February? Does it have a logical association?
when a lot of demand then the price goes up but if many are selling then the price will go down. I think the most influential factor that triggers the bitcoin price down is the policy of a country that forbids bitcoin so that many investors are skeptical of bitcoin.
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Apened
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February 24, 2018, 12:13:10 PM |
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i guess the most thing factor that triggers bitcoin price is bad news , people are too panic after hear about bitcoin bad news and didnt do research for that 1st that make the price down
Indeed, organizations or a group of whales were funding the news to make the price go down. More the big banks whose always indenial in supporting bitcoins they always says banned bitcoins or they will not going to accept it whichever i think is their own way to keep and bought at a cheaper price.
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NavI_027
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February 24, 2018, 12:18:53 PM |
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Bitcoin is very volatile. It goes up and down at no time. But I started to think what causes its values to go down. These past few days, its prices are notably lower that last year's values. Last year, I believe, during the first few months, its prices are likewise low. Do bitcoin prices go down every January to February? Does it have a logical association?
Well, I think the greatest factor which could affect bitcoin's price are the big whales in the market, they are the one who can potentially cause fluctuations in btc's price since they have a large number of coins to withdraw. A single whale can be ignored but if there is something (maybe a FUD or whatsoever) who will trigger many whales to sell their coins then that will be a problem for all of us.
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removebeforeflight
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February 24, 2018, 01:03:19 PM |
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Somewhat agree with your comments that Bitcoin's price would be low during January and February. This may be due to the Chinese holidays and most of the people in China cash out their investments during this season for their festival during these holidays. Apart from that there's few reasons like some negative news on Bitcoin.
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rosepetals
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March 03, 2018, 07:27:13 PM |
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Bitcoin is very volatile. It goes up and down at no time. But I started to think what causes its values to go down. These past few days, its prices are notably lower that last year's values. Last year, I believe, during the first few months, its prices are likewise low. Do bitcoin prices go down every January to February? Does it have a logical association?
My idea to this is the less demand in the market,big whales cashing out trying to manipulate the bitcoins price,dumping their bitcoins in no time..then most people do panic selling..the more dumping,the lower bitcoins price will be.Another things are the rumors spreaded that bitcoin is a scam and dying and thats make alot of holder to panic that causes alot of speculations that it might fall or end.
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pitiflin
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March 03, 2018, 07:38:32 PM |
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Market demand and supply? Factors affecting demand : - Price of bitcoin - inverse relationship between price and quantity
- Income of the consumer - More the income, more he purchases
- Future expectations in price rise
Supply does have different factors but in case of bitcoin, there is no producer, so it's the total opposite of factors affecting demand are the factors affecting supply.
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ainunfm
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March 03, 2018, 07:58:22 PM |
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agree with it, in this time the most influential factor is media because to many holder bitcoin with diffrent mindset, when they affected by some little bad news about bitcoin they will sell all they have if just a person is okay, if many bitcoin in market will reduce it price due the high supply
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Karavadinos
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March 03, 2018, 09:06:53 PM |
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Bitcoin is very volatile. It goes up and down at no time. But I started to think what causes its values to go down. These past few days, its prices are notably lower that last year's values. Last year, I believe, during the first few months, its prices are likewise low. Do bitcoin prices go down every January to February? Does it have a logical association?
As you said bitcoin is unsteady we cannot easily expect if its price is going up or down, but we kinda know the factors why its value dcreased the last few months, mostly it's because of the fees, a lot of people stopped the exchange between them because it is obviously illogical to pay 40 dollars fee for a 5 dollars transaction, however the governments have been lately trying to regulate and ban bitcoin due to its high price because a lot of people making in it an income of millions of dollars without even paying taxes.
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forklif
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March 03, 2018, 09:13:35 PM |
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I think this is the impact of the government's news that bans bitcoin, which is very influential on price, they make such issues in order to play or manipulate prices.
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Zadicar
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March 03, 2018, 09:27:35 PM |
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Bitcoin is very volatile. It goes up and down at no time. But I started to think what causes its values to go down. These past few days, its prices are notably lower that last year's values. Last year, I believe, during the first few months, its prices are likewise low. Do bitcoin prices go down every January to February? Does it have a logical association?
Well, I think the greatest factor which could affect bitcoin's price are the big whales in the market, they are the one who can potentially cause fluctuations in btc's price since they have a large number of coins to withdraw. A single whale can be ignored but if there is something (maybe a FUD or whatsoever) who will trigger many whales to sell their coins then that will be a problem for all of us. Possible scenarios towards on whale guys can happen specially when most of them are on having the same thoughts then it will surely affect the entire market of bitcoin together with more fuds from famous and influencial people then this is the great recipe for sudden price decline once again and once their pockets is filled they are tending to repeat the process buy just buying up and making investors to entrust bitcoin once again without even thinking that it is just really a trap.
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hagiyatmaz
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March 03, 2018, 09:58:03 PM |
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i think there are a few reasons that everyone has accepted. -Bitcoin supply and increasing/decreasing demand -Regulations enforced by governments on Bitcoin transactions -Bitcoin in news: Influence of media on garnering negative and positive publicity -Bitcoin users and developers influence the rise and fall of price -New technological changes to Bitcoin
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moneyangel
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March 03, 2018, 11:39:36 PM |
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Bitcoin is very volatile. It goes up and down at no time. But I started to think what causes its values to go down. These past few days, its prices are notably lower that last year's values. Last year, I believe, during the first few months, its prices are likewise low. Do bitcoin prices go down every January to February? Does it have a logical association?
There are many reasons why Bitcoin is bad news about it in many countries. Many countries began to forbid it from causing its owners to worry about the law, and they sold all that caused Bitcoin prices to start to evaporate. Yeah, the government is the most influential factors that triggers bitcoin price to full down as the people are afraid for being jailed if they will not follow their government. Although those experts in crypto has find ways to continue their transactions but not the common people.
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Biscutard
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March 03, 2018, 11:55:02 PM |
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Bitcoin is very volatile. It goes up and down at no time. But I started to think what causes its values to go down. These past few days, its prices are notably lower that last year's values. Last year, I believe, during the first few months, its prices are likewise low. Do bitcoin prices go down every January to February? Does it have a logical association?
There are many reasons why Bitcoin is bad news about it in many countries. Many countries began to forbid it from causing its owners to worry about the law, and they sold all that caused Bitcoin prices to start to evaporate. Yeah, the government is the most influential factors that triggers bitcoin price to full down as the people are afraid for being jailed if they will not follow their government. Although those experts in crypto has find ways to continue their transactions but not the common people. But there are still other factor that might change the price of bitcoin such as panic selling due to the FUD or selling because it is important due to the need of money. And i can't deny the fact that government as well might trigger the changes of all the price when some exchanges will be take down by the government but they never banned bitcoin, they just warned more people to be aware of the scams and fraud by using the crypto currency.
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bib24
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March 04, 2018, 12:00:24 AM |
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I guess bitcoin value is base on supply and demand. Low supply and high demand means price increase, but if the supply is more than demand then it triggers the price to fall.
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