clubminer (OP)
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Let's get rich together
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January 16, 2014, 05:00:30 PM |
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Hi, is there anything else, which affects up and down the bitcoin currency? why go up and down so sharply? Thanks before  |
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You get merit points when someone likes your post enough to give you some. And for every 2 merit points you receive, you can send 1 merit point to someone else!
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keithers
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This is the land of wolves now & you're not a wolf
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January 16, 2014, 10:38:33 PM |
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The price at which people are willing to buy and sell bitcoins affects the price. This is affected by the negative or positive perception of news regarding bitcoins...
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SirBitsalot
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January 16, 2014, 11:21:06 PM |
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The price at which people are willing to buy and sell bitcoins affects the price. This is affected by the negative or positive perception of news regarding bitcoins...
^ yes. Think of it like stocks. The general demand for exchange is what fuels current exchange rate for Bitcoins |
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ning
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January 19, 2014, 05:06:04 AM |
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To paraphrase a cool statement from a friend, "A Bitcoin will always be worth a Bitcoin." Just thinking out loud:)
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aminorex
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Sine secretum non libertas
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January 19, 2014, 04:46:51 PM |
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rabid fear and greed
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Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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pungopete468
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January 19, 2014, 06:48:21 PM |
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That's exactly how a free market looks.
Until recently it was very easy to manipulate the price. If you sold off a thousand BTC (just to throw out a random amount) and then bought after the sledding stopped you could multiply your stash.
It's not as easy to do that now and will become much harder as time goes on. The amounts required to scare the market will become increasingly higher as confidence goes up and the possibility of a return decreases.
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TheButterZone
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RIP Mommy
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January 19, 2014, 11:39:50 PM
Last edit: January 20, 2014, 02:25:34 AM by TheButterZone |
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Leaves falling in the forest.
Potato.
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Saying that you don't trust someone because of their behavior is completely valid.
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Erdogan
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January 20, 2014, 02:00:46 AM |
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The single most importan parameter is the number of users. On top of that, we have speculation. The speculators considers the news, and different speculators make wildly wrong short time predictions in both directions based on it.
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RenegadeMind
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January 20, 2014, 03:52:32 AM |
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One thing that people are forgetting is how many new technologies, products, and services come out for Bitcoin. They make Bitcoin more attractive, draw in new users, and also accelerate the velocity of money. They are key drivers for Bitcoin.
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qiwoman
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January 20, 2014, 04:01:20 AM |
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Bitcoin is functioning in a chaotic free market economy and is dictated by that. If say there is Bad news in China or another country regarding Bitcoin there is usually a sell off. If the big whales decide to do a pump and dump there is a sell off. If there is good news regarding bitcoin like some new business taking it on or another bitcoin startup is successful then price goes up as well as the demand driving the price up more and more over time as more and more people want to own and buy bitcoins.
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hilariousandco
Global Moderator
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Join the world-leading crypto sportsbook NOW!
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January 20, 2014, 01:54:14 PM |
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Hi, is there anything else, which affects up and down the bitcoin currency? why go up and down so sharply? Thanks before Panic sellers effect the price. To paraphrase a cool statement from a friend, "A Bitcoin will always be worth a Bitcoin." Just thinking out loud:)
Yeah, a Bitcoin will always be worth a Bitcoin. Maybe one day we will peg $ & £ to BTC instead. |
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brewok
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January 21, 2014, 12:42:54 PM |
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and the number of stores that accept bitcoin.
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CaptainBeck
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January 21, 2014, 12:45:01 PM |
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Idiots who listen to the troll box on blockchain.
So many things affect and effect the cost of BTC i dont think we could name more than 50% of all the things that effect the price.
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mhmgs
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January 21, 2014, 01:24:18 PM |
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If every country brings regulation to trade these currencies, it grows slowly. Is there any base value to these currencies?
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cheeseburger123
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January 29, 2014, 02:24:24 PM |
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abacus
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January 29, 2014, 06:15:03 PM |
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keithers
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This is the land of wolves now & you're not a wolf
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January 30, 2014, 03:46:46 AM |
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the rise and fall in values of bitcoin is pretty close to the way mortgage interest rates increase and decrease. They shift back and forth from economic reports and speculation almost exactly the same
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el_Tico
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"Fly you fools"
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January 31, 2014, 08:35:56 PM |
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Currently, the biggest factor in the price is the adoption rate. ie: Number of bitcoin wallets created.
In the future, the movement of other currencies will affect it's price. That is when adoption rate maxes out.
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miketonic
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January 31, 2014, 08:59:22 PM |
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Leaves falling in the forest.
Potato.
Many markets seem exactly like this  |
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Sonny
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February 01, 2014, 02:14:49 PM |
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Currently, the biggest factor in the price is the adoption rate. ie: Number of bitcoin wallets created.
This is the long-term factor. The short-term factor are FUD and pump and dump.  |
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