New to Trading

[Lhaine]

I think the most influential on the rise in bitcoin prices is the increasing number of bitcoin enthusiasts.
the more demand, the market will grow.

The demand of people who invest in bitcoin is very important because the price of bitcoin will depends on the people who invest their money on it that is why the price can affect if other country ban bitcoin because the people on that country are not allowed to invest their money.

[1714103785]

1714103785

[1714103785]

1714103785

[1714103785]

1714103785

[TheUltraElite]

I think the most influential on the rise in bitcoin prices is the increasing number of bitcoin enthusiasts.
the more demand, the market will grow.

The demand is always there but we also need people who are willing not to sell at low prices just because they are going on a red market. People how bought at higher prices are looking to take the easy way out and sell even at loss because some bamboozled shill told them that bitcoin is going to be a ponzi or bitcoin miners are going to control the price.

Its easy to spread FUD like this and people even fall for them. Its better the educated lot in the market than such illiterate people who panic sell.

[coffigayo]

At this time, all the prices of cryptocurrency coins are very low. because of this result, many cryptocurrency holders are more profitable. Prices are always influenced exclusively by requests and offers. But that is what influences demand, this is what no one knows.

[anume123]

There is no trade barrier and the current trend of today's markets especially in the prices of altcoins and tokens today is that I'm just repeating the past that's happening in the past year.

[nl247]

At this time, all the prices of cryptocurrency coins are very low. because of this result, many cryptocurrency holders are more profitable. Prices are always influenced exclusively by requests and offers. But that is what influences demand, this is what no one knows.

Low prices are actually more like a reason for demand to kick in. I am sure I do not need to really start giving better instances than what is going on in the market currently. Like you mentioned, the market and most especially the altcoin market has been beaten badly and most of them presently has hit their historical bottom with a bounce and some already coming up with good volume.
It is a market, people and most especially traders and knowledgeable investors will be looking for the best opportunity to get in and out of the market at any point in time which is what makes it advantageous, but at the same time requires some pretty huge knowledge, otherwise it would be the other way round.

[maninas]

I think assessing the cryptoeccurency of its functionality, because the more useful the coin, the demand for coin will always appear, no matter how much the amount and distribution as long as the coin is still useful, it will definitely increase its demand which will make it easier to grow.
for the network to make it easier to use and make it more comfortable

[Gragal]

if anyone will argue we must tell what the trading market really is and also must be guided so that everyone is interested in working in the trade market.

[tothanhtuan]

Higher timeframes are in general better indicators of where the market is going. It depends what your strategy is. If you go for many small scalps then you can use the shorter time frames, but if you are going for a bigger swing then use 1h, 4h and daily..

[bastian466]

demand can also determine the value of cryptocurrency, it can be seen from the number of requests that can make prices soar high can also make a decline

[varun1022]

I would say it all depends on the project situation and how much development you made, its definitely gonna help them in the market.

[Rosa Paula]

Without a doubt, crypto earth incorporates a likely to build your dollars as a result of your good tactics. Would you beneficial just one, previous to affecting with dealing mastered what in addition to subscribe to many communities who definitely are respectable with regard to info on this market process.

[Ekenegbu123]

Just like in the normal world, what drives a price either up or down is demand of a commodity. The project team deternines how valuable their coin is worth. The create value and demand for their coins. The developers are the ones that would do this by announcing partnerships, mainnet news , etc

[coinscircle]

What are the driving factors for crytpocurrency valuation?

Scarcity? Utility? Use? Demand? Network? or am I off base already?

You can see that these days the market is showing signs of a strong recovery of altcoin, so I think this moment is great for you to trade altcoin,. The market is fluctuating continuously, although altcoin prices increase but market capitalization does not increase so I think that at this point you should only deal day and should not invest long term.

[TheUltraElite]

demand can also determine the value of cryptocurrency, it can be seen from the number of requests that can make prices soar high can also make a decline

Demand and supply are what determine the market metrics. As long as there is a demand on the market for a certain crypto the deflation will continue and its price will continue increasing. On the other hand money like USD and other fiat are being minted everyday without any capping and thus price of USD drops against bitcoin.

While the inherent demand fro crypto comes from the limited supply, there are a lot of things happening outside the market where people buy/sell using crypto and they dont really get analysed by coinmarketcap and others.