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jomel
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April 30, 2018, 03:45:33 AM |
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I think the factors that affects the price of the bitcoin are the investors trust whether they will invest on it now that many people are taking advantage to those who are new in bitcoin so many investors somehow doubting it. Also is the negative feedback and comments of the the people about bitcoin. Another is they think that on what time will their investments more profitable so the bitcoin are being stack.
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Suguha
Member
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Activity: 218
Merit: 10
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April 30, 2018, 07:05:43 AM |
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bitcoin slowly went down this year, from almost 20k USD last December and went down at a significant price what might be the reason why bitcoin's price is going down? what are the major things that can greatly influence bitcoin? answers would be fully appreciated  I think the crisis that facing of the countries right now and the war because having that problems can be a factor that will cause bitcoin to drag down and because there is a war no one will use and invest bitcoin because there is a lot if possibilities that bitcoin will be afraid of using it because they can ban it without hesitation. |
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Epimetheus
Legendary
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Activity: 1120
Merit: 1000
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April 30, 2018, 08:05:00 AM |
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Lots of people got scammed and existed this great industry. That s why I hate crypto anonymity and personally support any move which can end it and reduce the number of scammers around.
A lot of things affects the price of Bitcoin. Some time it affect in a positive way and sometime it affects in a negative way . The positive news about Bitcoin that is the developed countries like japan, Germany start accepting Bitcoin and many multinational company like Microsoft, Samsung, Amazon etc start using Bitcoin for their various purpose help to put a positive effect on Bitcoin's price. News about Bitcoin related with criminal activity and fraud news about Bitcoin make a bad impression on it market price  |
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yohan09
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April 30, 2018, 08:05:07 AM |
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I think the media has a great impact with the rise and fall of its value, bad news drives the value to go down, Good news attracts investors to indulge digging just to earn good profit. Big whales are also source of fluctuations.
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faithofb
Newbie
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Activity: 238
Merit: 0
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April 30, 2018, 08:18:51 AM |
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it can be caused by FUD and mostly at times cause by the demand and supply....
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green_fish
Newbie
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Activity: 153
Merit: 0
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April 30, 2018, 08:21:10 AM |
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This time the market is going up and I think it's the eos that has been pouring in so much money that the whole market is going up!
If EOS starts to fall from its peak, there will be a small dip in the market!
I think it will go up soon!
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kucritt
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April 30, 2018, 08:49:03 AM |
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the price of bitcoin right now is decreasing, i think it because the price of bitcoin in the first of year is too high, and right now the price of bitcoin being correction, right now we can see that the price of bitcoin is going up again, i hope that the price of bitcoin is getting back to normal soon
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Dudeperfect
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May 01, 2018, 04:58:40 PM |
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As we all know that there was a price rally in the last quarter of the last year but that was not the organic growth of Bitcoin. It was the result of the involvement of the big whales and institutional investors. However, when they decided to take the exit from the market, the price fell down resulting in a panic selling wave and eventually the correction took place. That was the main reason why we have experienced 65% fall in the price in this year. However, I believe that we are done with correction and now there will be a bull market for rest of the year.
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pedagang2
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May 01, 2018, 05:22:16 PM |
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it must be so called the market.
because if there is no price movement then bitcoin itself will be defeated by coins that are popping up lately.
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kapustin
Newbie
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Activity: 52
Merit: 0
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May 01, 2018, 05:24:00 PM |
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Bitcoin price goes down because of negative news related to crypto. We have lot of it this year like major companies (Google , Facebook) banning crypto related advertisements.
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Kopceak_MD
Member
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Activity: 366
Merit: 14
Investment
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May 01, 2018, 05:28:01 PM |
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after strong growth, a strong fall in technical analysis is expected, as well as the news background and old-timers crypts (whales)
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Kate Beckett
Member
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Activity: 280
Merit: 28
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May 01, 2018, 05:44:37 PM |
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I think the factors that affects the price of the bitcoin are the investors trust whether they will invest on it now that many people are taking advantage to those who are new in bitcoin so many investors somehow doubting it. Also is the negative feedback and comments of the the people about bitcoin. Another is they think that on what time will their investments more profitable so the bitcoin are being stack.
The current situation in the market indicates a more balanced approach to trading among market participants and a relatively calm reaction to negative messages. Bitcoin can`t rise yet due to the fact that large investors have no guarantees in three aspects: predictability, investment protection from scammers and a prospect (preferably long-term). As soon as these factors become a reality, the crypto currency will begin to grow rapidly in value. |
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pekcoin01
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Activity: 224
Merit: 0
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May 01, 2018, 05:50:19 PM |
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The biggest impact on the market is the volume on the market. The money taken from the market is dropping the price very quickly. Take a good look at market cap prices.
When billions of dollars are withdrawn from the market, the price plummets.
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Tatyana20100
Newbie
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Activity: 322
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May 01, 2018, 08:50:55 PM |
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It seems to me that the price of bitcoins depends on many factors: it is small investments in crypto currency and prohibition of advertising in social networks and distrust of some companies, it is necessary to attract investors and check new companies more carefully.
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daarul50
Legendary
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Activity: 1596
Merit: 1034
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May 01, 2018, 09:05:27 PM |
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The significant drop earlier this year was a factor in the exit of investors from the crypto market after a major pumping at the end of last year. I think that the drastic rise that occurred late last year is the act of whales who want big profits from bitcoin so that the correction happens very much after they leave the crypto market to take advantage.
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Cryptohad
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Activity: 229
Merit: 0
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May 01, 2018, 09:25:11 PM |
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many factors that affect the value of bitcoin down drastically. but the most dominating factor is the high sales and also many panicked sellers, even some the panicked seller is a whale.
i worried if there is still seller panic, bitcoin will go down again to $7000.
i hope that will not happen.
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cutiemolit
Newbie
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Activity: 179
Merit: 0
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May 01, 2018, 09:31:58 PM |
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many factors that affect the value of bitcoin down drastically. but the most dominating factor is the high sales and also many panicked sellers, even some the panicked seller is a whale.
i worried if there is still seller panic, bitcoin will go down again to $7000.
i hope that will not happen.
Many reasons that affects the price of Bitcoin. Sometimes it's goes up and sometimes down. As a result it causes panic to those who does know the reason of sudden drop. But actually one of the reason it suddenly drop it's because of the support of the people. The greater the support or the many people buys Bitcoin the greater the price but if the supply is greater the demand that's the time it drops it's price. Many speculations says that the price can be manipulated but there's no proof for this. |
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qwertyuiop0987654321
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May 02, 2018, 02:25:20 AM |
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bitcoin slowly went down this year, from almost 20k USD last December and went down at a significant price what might be the reason why bitcoin's price is going down? what are the major things that can greatly influence bitcoin? answers would be fully appreciated The things that affects the varying price of Bitcoin i think is the number of people that were engaged in Bitcoin. Also, it depends upon the time of month. You can predict if it will go up and down depending the time of day and month. |
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TIDOVEE
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May 02, 2018, 04:14:42 AM |
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Few things that I believe affect the falling and rising of Bitcoin price are;
* forces of demand and supply
*exchange rates considering the exchange currency value
* bubbling character of bitcoin.
* different countries involvements.
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Coinlover9
Member
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Activity: 224
Merit: 11
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May 02, 2018, 04:24:28 AM |
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Well when there is a big market for something there are big manipulators present to exploit that market.for crypto there are various reason like government policies towards it, adoption of the people of the said coin , it's own aim as I what that particular coin want's to achieve in the market and it's roadmap.there are many more but out of all of them I count these as the main reasons for it to effect the market price.
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