boddy.dy
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April 13, 2018, 04:12:35 AM |
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There are a lot of things that affect the price of bitcoin but those things were not hundred perfect sure because those are facts only and no one can verify that. The economy is one of those things that many people are saying. Because sometimes if the economy goes down the price or value of bitcoin follows thru also. The demand is one of those also, but in the case of the demand it somehow make sense. We all know that supply versus demand do really exist. So if the users of bitcoin increases surely the demand will also increase with this scenario the price or value of bitcoin will surely be affected.
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No Gods or Kings. Only Bitcoin
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kiky03
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April 13, 2018, 07:39:09 AM |
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There are various factors that are being considered for the sudden change of the bitcoin price. Number one is the demand and supply of countries. Just like any other products, price is being stabilized by the demand and supply of bitcoin. Of course, the acceptance of government also becomes a reason why bitcoin is either high or low. Then, we can also consider the big or top companies that manipulates the price.
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geminamo
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April 13, 2018, 07:41:16 AM |
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Basically, it is about supply and demand. Now demand is affected by a huge number of factors like news related to crypto, laws in countries and other things.
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cryptofeel
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April 13, 2018, 07:47:44 AM |
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Quite a number of factors affect bitcoin and one of them is a sudden dump or large purchase of bitcoins. This could affect market prices. Other reasons include, the news of war or a major player taking a decision that negates or promotes the price
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sanjin002
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April 13, 2018, 08:31:24 AM |
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There is the simplest policy. Demand and offer. There is no one who will directly stand behind the crypto currency in generall and until someone does only human panic will dictate the price of BTC and other crypto currencies.
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Omosomofa
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April 13, 2018, 08:34:08 AM |
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Media Influence
The media can also influence the bitcoin price significantly. Media hype can easily lead to an increase in the price, while negative news can lead to a decline in the price. For instance, news about bankruptcy or hacks on bitcoin-related websites and services can cause panic and disruption among bitcoin users, leading to price dips. Negative news about government involvement and regulations as well as news on the use of bitcoins in illegal dealings such as drug transactions and money laundering tends to have the same impact on the bitcoin price.
Stability of the Bitcoin Network: 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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cizatext
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April 13, 2018, 08:39:10 AM |
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The number one factor that affect bitcoin is the law of demands and supply and at that when the demands are high you will see the Price going high and if the demands is is low you will have a low price so to me what determine the Price of bitcoin is demands.
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DBronze98
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April 13, 2018, 08:42:09 AM |
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What factors can affect to price of bitcoin? Can price of bitcoin depend on world economic factors or economic occurrences?
Bitcoin trends are affected by some factors. Positive or negative media influence the direction of travel. Bans or acceptations of Bitcoins from other countries also influence the direction of travel. Especially the active bulldozers will help it go faster and climb to the top of the mountain.  |
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cizatext
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April 13, 2018, 10:30:21 PM |
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The prime driver of the Price of bitcoin is the law of demands and supply, and this is what control the market price either negative or positive, the market grow when the demands are higher and also falls when the demands get down and the demands is determine by the news about bitcoin whenever there is a negative or positive new it reflect on the Price.
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Nivir
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April 16, 2018, 03:23:26 AM |
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World economic factors and occurrence are not really the main reaction of a bitcoin price as those factors are mostly in the forex industry and second most affected is the stock market.
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NeverSop
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April 16, 2018, 03:48:22 AM |
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There are many factors that influence the price of bitcoin. But I think the most direct impact factor is communication. They make investors feel the vibration. Therefore, for investors and investors to invest effectively in the cryptocurrency market, investors should be calm and confident in their decisions.
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ngacengan
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April 16, 2018, 04:27:16 AM |
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What factors can affect to price of bitcoin? Can price of bitcoin depend on world economic factors or economic occurrences?
I think there are many factors that influence the condition of rising and decreasing bitcoin prices, one of them is in terms of total supply is very limited and have a very high demand can also trigger a rise in bitcoin prices. |
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