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Yamifoud
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April 21, 2018, 08:54:38 AM |
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Market today are really vulnerable for changes and a lot of factors to consider. FUDs, regulations of exchanger and somewhat to say market manipulation made by big whales/investors are the common things that could create such changes.
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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cmacwiz
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April 21, 2018, 06:25:42 PM |
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There are various factor which influence the market share of Bitcoin. The negative news about Bitcoin like Bitcoin relating criminal activities,Bitcoin related scams and malware attacks,government ban are the main reason behind its falling price. These put negative impact in its investors too. There are some good news too about Bitcoin which boost up its market share. Many international companies like Microsoft, green man games, Amazon etc start using Bitcoin. And day to day its user number also increase these things help in bitcoin growth.
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darewaller
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April 23, 2018, 03:16:23 PM |
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If it was really in the hands of government to decide the future of bitcoin, believe me this coin would have gone for long now. Bitcoin is decentralized and therefore no one can hurt it regardless of his hatred for this currency. Moreover, governments just pretend to hate bitcoin, it is not possible that there won’t be any black sheep in authorities. It is impossible to resist bitcoin.
Right. Taking a look at how the government have since been trying to get the whole idea crumbled and then frustrating it, the market just keeps coming back better and stronger. The fact that we have a decentralized currency to make use of without having to go through the governments bullshit policies with fiat is what has been keeping this community alive right from the onset till now and for that, it is obvious we really do have a very awesome level to go with growth. |
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JaxxBoll
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Activity: 124
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April 23, 2018, 03:24:52 PM |
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I think this will also your basis when to buy and sell your bitcoin. If you have news regarding the factor that affects the price of bitcoin. You should take and consider it if this will help the price to increase or this could decrease it. In this way you may predict and loss a little and you could earn more.
What you say can help you, but sometimes it's not entirely good. If the big investors intentionally created the news to control the market in their direction, then you think? This will make you lose confidence when you believe such information. |
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Cacingkemi
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April 23, 2018, 03:34:34 PM |
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If it was really in the hands of government to decide the future of bitcoin, believe me this coin would have gone for long now. Bitcoin is decentralized and therefore no one can hurt it regardless of his hatred for this currency. Moreover, governments just pretend to hate bitcoin, it is not possible that there won’t be any black sheep in authorities. It is impossible to resist bitcoin.
Right. Taking a look at how the government have since been trying to get the whole idea crumbled and then frustrating it, the market just keeps coming back better and stronger. The fact that we have a decentralized currency to make use of without having to go through the governments bullshit policies with fiat is what has been keeping this community alive right from the onset till now and for that, it is obvious we really do have a very awesome level to go with growth. Agree yes that the government have a strategy and only to destroy our money or the government does't want us to be happy with the finances we have achieved so far from BTC. BTW In addition the factor that should be considered is the news that likes to drop the value of the panicked investors but we will see in the future the governments of all countries will recognize BTC and us or say otherwise. |
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webdevmastery
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April 23, 2018, 03:40:28 PM |
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What are the factor to consider that would affect the price changes or price elasticity of the Bitcoin? This is what I have read: 1. Bitcoin supply and increasing/decreasing demand 2. Bitcoin in news: Influence of media on garnering negative and positive publicity 3.Bitcoin users and developers influence the rise and fall of price. 4.New technological changes to Bitcoin For discussion for the above mentioned. You can check this link: https://hackernoon.com/factors-influencing-bitcoin-price-cfabdf634894How about you? can you add more factor that can affect the price of the bitcoin? Comment below. Supply and demand is always the biggest factor in the market because most of the people are being affected due to the drastic increase or decrease of the prices and from there, people will decide to sell or hold their coins. |
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kodtycoon
Legendary
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April 23, 2018, 03:41:56 PM |
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The factor that affects the bitcoin price is trust. If a bitcoin user can be easily instigated by a nonsense out there that says bitcoin will die or whatever causes the bitcoin price to fall. So high trust by bitcoin users is necessary, if you trust these things, I'm sure you'll be panic selling if you see the market falling. But if you have full trust in bitcoin, then you will still hold the bitcoin. Because after all, the bitcoin price moves depending on the user's demand.
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makolz26
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April 23, 2018, 04:17:57 PM |
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The factor that affects the bitcoin price is trust. If a bitcoin user can be easily instigated by a nonsense out there that says bitcoin will die or whatever causes the bitcoin price to fall. So high trust by bitcoin users is necessary, if you trust these things, I'm sure you'll be panic selling if you see the market falling. But if you have full trust in bitcoin, then you will still hold the bitcoin. Because after all, the bitcoin price moves depending on the user's demand.
Price really depends entirely in us, if we are going to trust bitcoin and each other just like what you are saying, I agree with you that without those people who believes in bitcoin, I don't think that bitcoin will still exist until now, but since we are already millions in number then we are actually uniting for it to have a great value. |
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indobitcoin.tk
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April 23, 2018, 04:43:02 PM |
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I think the first and second points provide enough great influence as some time ago lots of rejection news. This is exacerbated by many who sold their coins by reason of fear of loss and fear of death. This certainly makes the disaster twice.
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krishnaverma
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April 23, 2018, 06:31:51 PM |
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There are various factor which influence the market share of Bitcoin. The negative news about Bitcoin like Bitcoin relating criminal activities,Bitcoin related scams and malware attacks,government ban are the main reason behind its falling price. These put negative impact in its investors too. There are some good news too about Bitcoin which boost up its market share. Many international companies like Microsoft, green man games, Amazon etc start using Bitcoin. And day to day its user number also increase these things help in bitcoin growth.
Those negative news related to bitcoins now appear to me as funny. Earlier bitcoins were blamed for illegal activities and it was given as reason why it it will be discouraged and not become popular. Then we saw news like how monero is more anonymous than bitcoins and thus bitcoin is loosing popularity. What do they want if they have problem in both scenarios ? |
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cryptokia
Member
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Activity: 198
Merit: 10
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April 23, 2018, 06:48:51 PM |
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Thanks for sharring. Bitcoin is a new age comming up employment, so I can work here instead of coming full time job in my area, which is hard.
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sheenshane
Legendary
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Activity: 2408
Merit: 1215
Cashback 15%
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April 23, 2018, 07:06:24 PM |
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Thanks for sharring. Bitcoin is a new age comming up employment, so I can work here instead of coming full time job in my area, which is hard.
Lol, having a decent job is good to have permanent income not like crypto highly volatile at the same time your income also with a volatile. 1. Bitcoin supply and increasing/decreasing demand
2. Bitcoin in news: Influence of media on garnering negative and positive publicity
3.Bitcoin users and developers influence the rise and fall of price.
4.New technological changes to Bitcoin
Well, as OP's mention I agreed on that number 1 and 2, as a circulating demand for bitcoin it is may affect on price movement. And second is those making FUD news will be also affected by bitcoins price in the market, but even how dip bitcoin will be decreased I will still believe on bitcoin. I heard those continued making FUD news in many articles or those social media broadcasters they have, big politicians just feed them for bitcoin damage. |
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BUK2016
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April 23, 2018, 07:22:43 PM |
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You have mentioned a very good factors that really affect the market value of bitcoin and crypto currency in general. But thing I will like add to your point is the government policy usually affect bitcoin value both positively and negatively.
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Tang lancip
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April 23, 2018, 07:49:36 PM |
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What are the factor to consider that would affect the price changes or price elasticity of the Bitcoin? This is what I have read: 1. Bitcoin supply and increasing/decreasing demand 2. Bitcoin in news: Influence of media on garnering negative and positive publicity 3.Bitcoin users and developers influence the rise and fall of price. 4.New technological changes to Bitcoin For discussion for the above mentioned. You can check this link: https://hackernoon.com/factors-influencing-bitcoin-price-cfabdf634894How about you? can you add more factor that can affect the price of the bitcoin? Comment below. some of the factors you say are very good. but I think the factors that most influence bitcoin prices depend on government demand and policy. |
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valentine401
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April 23, 2018, 07:53:45 PM |
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What are the factor to consider that would affect the price changes or price elasticity of the Bitcoin? This is what I have read: 1. Bitcoin supply and increasing/decreasing demand 2. Bitcoin in news: Influence of media on garnering negative and positive publicity 3.Bitcoin users and developers influence the rise and fall of price. 4.New technological changes to Bitcoin For discussion for the above mentioned. You can check this link: https://hackernoon.com/factors-influencing-bitcoin-price-cfabdf634894How about you? can you add more factor that can affect the price of the bitcoin? Comment below. There will be always different between those market's but what they have in common is the concept of supply and demand, always try to look on a market that has more volume of the current coin you are interested because in this way you can expect that the price will be higher or cheaper depending on the season. |
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mrcash02
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April 23, 2018, 08:00:57 PM |
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1. Bitcoin supply and increasing/decreasing demand
This is the consequence. Many different factors influence this "increasing/decreasing demand", like you said: news, technological development, projects development... I would add instability in countries economies as well, it's a good factor that affect Bitcoin's demand and price. When people have a weak local currency and a weak economy they will look for new ways to earn money and if possible, new currencies to keep their money. You can see Venezuela as an example, Crypto-Currency is becoming very popular there, especially because their local currency is very devalued. |
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richardsNY
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April 23, 2018, 08:02:14 PM |
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Then we saw news like how monero is more anonymous than bitcoins and thus bitcoin is loosing popularity. What do they want if they have problem in both scenarios ?
Not sure where you heard that (I haven't seen that 'news' circulate anywhere, mind sharing a link? It's too pathetic and funny), but that's actually the worst ever fud attempt if it was intended to be that, especially so because Bitcoin has never clamed to be anonymous. People said it was, but it isn't and never has been. Even till this day people think they enjoy an actual form of anonymity with Bitcoin when they spend or transfer their coins. They completely discard the fact that the exchange they very likely are verified at, can follow all their steps closely, and eventually the authorities can do so too if they force the exchange to share user information. Bitcoin's blockchain is too transparent for that -- anonymity doesn't exist. |
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shield132
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April 23, 2018, 08:16:37 PM |
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What are the factor to consider that would affect the price changes or price elasticity of the Bitcoin? This is what I have read: 1. Bitcoin supply and increasing/decreasing demand 2. Bitcoin in news: Influence of media on garnering negative and positive publicity 3.Bitcoin users and developers influence the rise and fall of price. 4.New technological changes to Bitcoin For discussion for the above mentioned. You can check this link: https://hackernoon.com/factors-influencing-bitcoin-price-cfabdf634894How about you? can you add more factor that can affect the price of the bitcoin? Comment below. There are a lot of things that can affect it's price, it's not something where we can write some specific factors. For example imagine any exchanger stopped withdraws, it will affect price. Or BitFury/Bitmain closed, created new and more powerful antminer... Also halving, it playes the most important role too, we got this rising after some months from halving. |
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mersal
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Activity: 1204
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April 23, 2018, 08:26:27 PM |
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What are the factor to consider that would affect the price changes or price elasticity of the Bitcoin? This is what I have read: 1. Bitcoin supply and increasing/decreasing demand 2. Bitcoin in news: Influence of media on garnering negative and positive publicity 3.Bitcoin users and developers influence the rise and fall of price. 4.New technological changes to Bitcoin For discussion for the above mentioned. You can check this link: https://hackernoon.com/factors-influencing-bitcoin-price-cfabdf634894How about you? can you add more factor that can affect the price of the bitcoin? Comment below. There are a lot of things that can affect it's price, it's not something where we can write some specific factors. For example imagine any exchanger stopped withdraws, it will affect price. Or BitFury/Bitmain closed, created new and more powerful antminer... Also halving, it playes the most important role too, we got this rising after some months from halving. The value is considered as a huge development of bitcoin so definitely Will be the best thing at all in my opinion too. |
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Slark
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April 23, 2018, 09:01:42 PM |
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What is the point of knowing what factors could potentially affect bitcoin when you have absolutely no way to predict any of them?
We cannot foresee future government regulations, possible exchange hack or security breach of major bitcoin satellite service etc. etc.
The only 2 things that are constant is the fact that supply of bitcoin is limited, and people will continue to lose their coins (hardware failure, human error).
and planned events, upgrades, changes - like halving 2020 - which will most likely affect price positively.
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