candolbitcoin214
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April 03, 2018, 09:22:11 AM |
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There are a lot of factors influencing the price of bitcoin, including technical issues/new alts coming out/regulations/stubborn miners/conflicts between developers(or groups)...etc.
What do you think is the most crucial cause? Why did the price drop dramatically these days? Will this be a rebound point?
Definitely this is because of the black propaganda against bitcoins and any other cryptocurriencies. Investors who are weak got scared off and withdraw their investments also this could be cause with the banning of cryptocurrencies in some countries in the world. The bitcoin market has been shaken up quite well but the good news is it is fighting back and has shown improvements in price in the past days👍
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UAE Seasider
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April 03, 2018, 09:27:07 AM |
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The choices made by the larger traders in pushing the market one direction or the other. I think the news stories that appear help to drive the herd along with these original choices. I wouldn't be convinced that we are on a new leg up unless it pushes on past $9,500
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bitbunnny
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WOLF.BET - Provably Fair Crypto Casino
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April 03, 2018, 09:28:42 AM |
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There are a lot of factors influencing the price of bitcoin, including technical issues/new alts coming out/regulations/stubborn miners/conflicts between developers(or groups)...etc.
What do you think is the most crucial cause? Why did the price drop dramatically these days? Will this be a rebound point?
Definitely this is because of the black propaganda against bitcoins and any other cryptocurriencies. Investors who are weak got scared off and withdraw their investments also this could be cause with the banning of cryptocurrencies in some countries in the world. The bitcoin market has been shaken up quite well but the good news is it is fighting back and has shown improvements in price in the past days👍 I wouldn't agree with that. It's not the first time that such propaganda is in action and so far it could be concluded that Bitcoin has become resilient to such influences. I beleive that the basic principle is still supply and demand and how much are users willing to pay at certain moment. All other factors are just side ones and don't influence the price as much as we think they do.
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Rhaizan
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April 03, 2018, 09:31:01 AM |
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There are a lot of factors influencing the price of bitcoin, including technical issues/new alts coming out/regulations/stubborn miners/conflicts between developers(or groups)...etc.
What do you think is the most crucial cause? Why did the price drop dramatically these days? Will this be a rebound point?
The reason why the bitcoin price are changing it's a supply and demand, we knows that the value of bitcoin are very volatile and it is hard to know if it's continuing to increase because sometimes it will dropping her price. And yes the negative news will may affect the bitcoin price but it will recovery.
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chandrarahmadewa
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April 03, 2018, 09:33:06 AM |
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.. What do you think is the most crucial cause? Why did the price drop dramatically these days? Will this be a rebound point?
several factors that affect a bitcoin value, my opinion 1. supply and demand 2. Good and Bad News 3. Bitcoin Investment Fraud Why did the price drop dramatically these days? Possibly the scammers who sell their frauds in the market. Will this be a rebound point? I do not know, but I hope that in April bitcoin will go up.
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MostafaGamal
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April 03, 2018, 09:38:25 AM |
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The main factor of the price is the news. I think the bad news is the reason for reaching this price now, but the support and resistance levels also have some effect
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northcoin2018
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April 03, 2018, 09:38:53 AM |
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There are a lot of factors influencing the price of bitcoin, including technical issues/new alts coming out/regulations/stubborn miners/conflicts between developers(or groups)...etc.
What do you think is the most crucial cause? Why did the price drop dramatically these days? Will this be a rebound point?
Controlled social media, banning of cryptocurriencies in the social media platforms has taken a big toll on the fall. It has make weak hearted investors to stray away fr their investments also the banning of several countries of bitcoin also has a big effect on the market. From the previous 2months the effects could really be felt. But good thing that even with all this bitcoin is recovering and manages to stay afloats🙏
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idex100
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April 03, 2018, 09:39:34 AM |
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I think the most important factor affecting the price of bitcoin is media report.Whe there is a negative report or speculation by the media,prices usually drop even within 24 hours,people are much easily swayed by what the media says than with any technical analysis or new projects competing with btc.To a large extent,the last dips were caused by fb,twitter and google.Even if government issues a statement about btc,if there is no negative report by media,prices wont crash that much
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Theyasirahmad
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April 03, 2018, 09:40:55 AM |
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involvement of new investors who thinks that btc will make them rich in a month or so and due to fluctuation of prices they started panicking
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BCSHonda
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April 03, 2018, 09:57:38 AM |
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What influences the price of bitcoin in the cryptocurrency market is the communication, the advertising on the web, the press sites talk about bitcoin as well as other co-altcoins. In addition, the supply and demand of investors in the cryptocurrency market also affect the price of bitcoin. Therefore, if you are a smart you can take the best opportunity.
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semobo
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April 03, 2018, 10:05:09 AM |
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There are a lot of factors influencing the price of bitcoin, including technical issues/new alts coming out/regulations/stubborn miners/conflicts between developers(or groups)...etc.
What do you think is the most crucial cause? Why did the price drop dramatically these days? Will this be a rebound point?
Defenitely media cause more damages than any other factor with cryotocurrency prices because media is everywhere if there is little negative thing about bitcoin will go viral in short period of time and do enough damages before knowing the real reason behind it,mostly there are rumors more than the real news.
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aoihs00
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April 03, 2018, 10:07:23 AM |
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There are a lot of factors influencing the price of bitcoin, including technical issues/new alts coming out/regulations/stubborn miners/conflicts between developers(or groups)...etc.
What do you think is the most crucial cause? Why did the price drop dramatically these days? Will this be a rebound point?
The answer is "We". We are the one responsible for the different aspects of bitcoin which also includes the changes in bitcoin prices. Many times it happens that we push bitcoin too hard and off limits and then the alternation in the prices happens. For example, consider the cases when bitcoin naturally dropping in its value then people get panic about it and they get so nervous that they cant even hold their breath for a minute and think about the whole situation and immediately start selling everything they have got. This makes the market situation even worst and thus bitcoin loses itself. In same manner prices increases too. I mean when they are done selling everything they have got then they will start thinking that Oh! Its good time to buy the coins and thus in the long they put more money and become responsible for the price rise.
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jonas5222000
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Student Coin
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April 03, 2018, 10:09:26 AM |
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The factors that can affect the price of bitcoin are investor they are the reasons why bitcoin price is quickly moving,and also multimedia or advertising it has a big factor that can affect the price of bitcoin.
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davhek
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April 03, 2018, 10:19:51 AM |
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There are a lot of factors influencing the price of bitcoin, including technical issues/new alts coming out/regulations/stubborn miners/conflicts between developers(or groups)...etc.
What do you think is the most crucial cause? Why did the price drop dramatically these days? Will this be a rebound point?
Volatility is caused by huge supply and demand, fueled by emotions and fear of losing. Also since the futures entered the game market is highly manipulated. I am expecting another huge bull run once ETFs enter the game.
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LanzCoinPress1994
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April 03, 2018, 10:58:59 AM |
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Hi In my opinion most crucial cause that Regulations and media coverage. IF we consider past examples the announcement that bitcoin would be considered legal tender in Japan the Bitcoin up by 2% in just 24 hours and increased the price around 2 months. But China’s Decision to shut down several Bitcoin exchanges and ban ICO sent the price of Bitcoin down effectively. Many countries already legalized BTC that effect for future expansion of BTC. Banding cryptocurrency ads in Social media networks also somewhat affect to price. But people panic about fake news is also most effective on Bitcoin price. When considering these things I believe Regulations and media coverage are the most crucial case for BTC price. Thanks
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Zicadis
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Dump it!!!
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April 03, 2018, 11:02:58 AM Last edit: April 21, 2018, 08:04:46 PM by Zicadis |
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What do you think is the most crucial cause? Why did the price drop dramatically these days? Will this be a rebound point?
From my own finding I think negative speculation aka FUD is whats causing the price to drop drastically but after this Easter holiday I have seen the price recover after this period but let us not get ahead of ourselves and expect a $10k rebound so fast because if that happens it will drop fast too, we need an organic price movement.
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ZNAQ Index
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April 03, 2018, 11:46:27 AM |
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Analysis of the price of Bitcoin shows that positive media coverage is one of the main factors driving the price. Political risk around national currencies can also affect the price of Bitcoin as people use it to hedge against price movements in a particular currency, or they need to quickly move large amounts of value out a country or currency. Although Bitcoin is a decentralised currency, some decisions about how it will work or evolve need to be made from time to time. These also have an impact on the price.
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Domanity
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April 03, 2018, 11:56:18 AM |
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I think that most affect the price of Bitcoin is bad news. because when there is bad news about Bitcoin, the old investors are selling their coins so the coins are abundant and the price is cheap. and for new investors who want to invest by buying coins not so because there is bad news.
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adpinbr
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April 03, 2018, 12:07:44 PM |
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Currently, I think what affects the bitcoin price the most is the bitcoin, itself, being banned in multiple countries since the value of the bitcoin and the number of bitcointalk users is directly proportional to each other. When bitcoin users increase the bitcoin value also increases.So, if a country bans bitcoin the number of people who uses it within that country will be deducted to the number of bitcoin users and the bitcoin value will now decrease its value. I will also like to add the strict regulations that are being implied right now slightly reduces the users because many bitcoin accounts are being banned for disregarding the rules. I suggest that they further add campaigns to spread the new rules and regulations of bitcoin and the government of each country.
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agentx44
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April 03, 2018, 12:29:06 PM |
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There are a lot of factors influencing the price of bitcoin, including technical issues/new alts coming out/regulations/stubborn miners/conflicts between developers(or groups)...etc.
What do you think is the most crucial cause? Why did the price drop dramatically these days? Will this be a rebound point?
In my own point of view, the reason why the price of bitcoin dumps dramatically these days is because of banning of bitcoin in other countries that the number of bitcoin users are starting to decrease that will affect to its price. I think the reason why pther countries banned bitcoin is because they are afraid that bitcoin will replace everything.
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