bahula33 (OP)
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March 28, 2018, 02:51:11 PM |
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Bitcoin became one of the topics of interest in the year 2017 because of its sudden value rocketed sharply to touch the figure of nearly 300 million one coin. Whereas in early 2017, Bitcoin exchange rate is still in the value of 13 million one coin. However, entering 2018, the Bitcoin exchange rate plunges. Bitcoin (BTC) 'value' is only about 150 million. Or plunge almost half its highest point. what factors are heavily affecting its declining bitcoin exchange rate ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) ??
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Kprawn
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March 28, 2018, 03:30:54 PM |
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One of the factors was the decision by the Mt Gox trustee to sell thousands of coins on a public exchange. This pushed down the price at a very sensitive time in the year, when there are usually a decline in the price. {Beginning of every year} We also had some of the biggest social media platforms banning Crypto currency advertisements, which also had a negative influence on the price.
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nsasuiteb
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BAILOUT
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March 28, 2018, 04:24:56 PM |
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Mt gox news and sec news have the most effect on bitcoin for me, a lot of weak hands and also fud make it worse. It can really decrease to $3000 with panicking people.
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pooya87
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March 28, 2018, 04:34:29 PM |
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Bitcoin became one of the topics of interest in the year 2017 because of its sudden value rocketed sharply
bitcoin has always been the "topic of interest". and then it filled the media when it started reaching the previous iconic ATH of 2013 and also because of mass adoption in Japan then it became a bigger "topic of interest" but it didn't start because of price surge. to touch the figure of nearly 300 million one coin. Whereas in early 2017, Bitcoin exchange rate is still in the value of 13 million one coin.
maybe you are commenting from an alternate universe but the "value" of bitcoin reached nearly $20,000 not $13 million! what factors are heavily affecting its declining bitcoin exchange rate ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) ?? try the search function of the forum, you will get your answer in 10 exact copies of your question.
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Genemind
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March 29, 2018, 07:23:25 PM |
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I think Mt. Gox has the biggest effect on the market price right now. Followed by different FUD about bitcoin and panic selling also contributed on the current market situation. More and more people are dumping because of the news. So, I guess it will take some time before the bull market starts again.
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Jerrycryptofield
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March 30, 2018, 02:12:56 PM |
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I think sec news plays an important on the price of bitcoin. Moreover, there are famous social medias like facebook, twitter etc. which have banned the ads of crypto currencies. These are also having adverse effect on the price of bitcoin.
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Xester
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March 31, 2018, 12:53:06 PM |
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Bitcoin became one of the topics of interest in the year 2017 because of its sudden value rocketed sharply to touch the figure of nearly 300 million one coin. Whereas in early 2017, Bitcoin exchange rate is still in the value of 13 million one coin. However, entering 2018, the Bitcoin exchange rate plunges. Bitcoin (BTC) 'value' is only about 150 million. Or plunge almost half its highest point. what factors are heavily affecting its declining bitcoin exchange rate ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) ?? In 2017 there was a panic selling since many have joined btc in hope and with a dream of getting a profit. Thus due to that high demand bitcoin went up to 20k$ but the correction started and the value fell down. After the correction you can blame it to facebook, google and twitter since after their announcement bitcoin had suffered another red market.
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SummonKing2
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March 31, 2018, 12:56:27 PM |
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Because people are selling their BTC! More fuds have been added to scare people and have panic selling.
So these are the factors that affect the price of the BTC. But when it's over, we expect that the price of bitcoins will increase again and it may take up to all time high again
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dado7
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March 31, 2018, 01:00:42 PM |
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False FUD created by regulation issues do the most of it (very unjustifiedly) + some other things like problems with exchanges, however, the move was actually pushed by as a normal yearly movement - after a lot of "end of year" investments there comes a phase of consolidation after the New Year. However, since with Bitcoin everything is so dramatic, the rises and consolidations look more like overhype (which they actually are) and total breakages.
Also, there were no substantial real developments over last few months so there was nothing "tactile" to sustain the opposite movement.
I also suspect that the centralization is doing its part.Big investors and whales are actually driving the price up or down to get richer (they can do that with big buys and big sell-offs -they push the price up or down and also create panic euphoria since their moves are constantly being monitored by the society).
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monalia
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March 31, 2018, 01:06:19 PM |
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I think Mt Gox news has the most impact on the price of BTC. But there are also some other reasons. Social media are banning its advertisement on their platform. People are getting frustrated and moving back from BTC. All these have remarkable impact on the transaction. But I believe BTC will show its that face we want to see within this year.
These are all affect market I can agree that but some positive news also comes in the market example G20 and Legalisation of Bitcoin in Russia. so why crypto platform is down because peoples are drop the cryptocurrency investment it is major problem in all the coins so it will recover again in one or two month but we should create a awareness of future possibilities.
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Dudeperfect
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March 31, 2018, 01:14:12 PM |
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It was the decision of the big whales that created a panic selling wave in the market and since we don't have that level of experience and maturity which is required to sustain in such situation, it creates more anarchy in the market is something is happening on higher level so I do see this main reason behind the current market situation.
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passioncrypto
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March 31, 2018, 03:57:09 PM |
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I think Mt Gox news has the most impact on the price of BTC. But there are also some other reasons. Social media are banning its advertisement on their platform. People are getting frustrated and moving back from BTC. All these have remarkable impact on the transaction. But I believe BTC will show its that face we want to see within this year.
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Markyway88
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March 31, 2018, 04:01:41 PM |
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One of the factors was the decision by the Mt Gox trustee to sell thousands of coins on a public exchange. This pushed down the price at a very sensitive time in the year, when there are usually a decline in the price. {Beginning of every year} We also had some of the biggest social media platforms banning Crypto currency advertisements, which also had a negative influence on the price. The sold bitcoins of Mt Gix really affected the bitcoin's price, as I've saw it in an article. Now, I understand that bitcoin can manipulate ny whales easily. There are some factors influence the price of bitcoin and one of it is called as cartel. But right now, we can't say it is kind of cartel because only one person control the price indirectly.
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babyshaun
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March 31, 2018, 04:05:43 PM |
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Bitcoin is the first most popular digital crypto-currency whose price is influenced by a wide range of factors. Ideally, the bitcoin price is normally expressed as the exchange rate of the bitcoin in relation to other currencies. With an upsurge in the adoption and usage of this digital currency, the demand for bitcoins has significantly increased in the recent past. Note that because of the decentralized nature of this currency, the bitcoin price is not normally controlled by any company, organization or government. This means that before you try to predict the rise or fall in the price of bitcoins, it is important to understand what causes the same.
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wantjokull
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June 21, 2018, 08:17:10 AM |
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Not everything can keep up the market up all the time. There always comes the time when high peak has to go down for better start up and new finish line. Bitcoin is already gotten strangled with storms of bans, illegal tender and summit meeting agree/disagree kind of stuff and much more. Whales dumping the bitcoin whenever they want because of no control over how much and when you can do that! Off course the net effect would be crushing of the market.
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rudox
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June 21, 2018, 08:24:25 AM |
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Government influence on bitcoin regarding regulations on ICO and threat of outright banning of the bitcoin in their various countries. USA, China India and South Korea has one time or the other impacted negatively on bitcoin based on their economic policies. These government actions has actually affected bitcoin market value in 2018.
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fenzbob
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June 21, 2018, 08:34:45 AM |
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bad news, bitcoin theft and a country policy ban
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guybrushthreepwood
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June 21, 2018, 08:38:42 AM |
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As always: supply and demand. If there's not as much money ploughing into buying bitcoin then the demand will fall and so will the value. There was also very likely some hefty price manipulation going on during the rapid rise in value during last year and hence why it took such a tumble. These highs and lows are nothing new to bitcoin, though. I'm sure we'll see many more highs and lows over the next few years. All we can do is ride them out.
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BlackPanda
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June 21, 2018, 08:45:05 AM |
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As always: supply and demand. If there's not as much money ploughing into buying bitcoin then the demand will fall and so will the value. There was also very likely some hefty price manipulation going on during the rapid rise in value during last year and hence why it took such a tumble. These highs and lows are nothing new to bitcoin, though. I'm sure we'll see many more highs and lows over the next few years. All we can do is ride them out.
It is usual that this is what affects the price of Bitcoin specifically. Bitcoin prices will always change at any time and no one will be able to know the price movement of Bitcoin. The demand and supply factors are the major factors that will affect the global Bitcoin price. So for anyone who wants to participate in the development of Bitcoin, it is necessary to transact more often with Bitcoin, it will increase popularity and Bitcoin price will increase slowly.
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Thefrolly
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June 21, 2018, 08:50:29 AM |
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The biggest factor that everyone talks about that might had been the start of market crash is the MT GOX trustee selling thousands of Bitcoins on exchanges directly instead of using something like over the counter medium. Also the market was primed for a dump as its only so much time the market can be up for.
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