what affects the bitcoin currency?

[Deltalogic777]

Simply supply & demand... How people view bitcoin's long term value.. etc 

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[MatTheCat]

Hi,
is there anything else, which affects up and down the bitcoin currency?
why go up and down so sharply?

Thanks before  

I am becoming more and more convinced that the key parameter affecting Bitcoin price is how much Bitcoin the whales want to expand and contract the supply of Bitcoins on the market, since 80% of all trading is probably done by these guys passing volumes of coin around their various wallets. A surge in public demand coupled with a contraction in the supply of actual Bitcoins is exactly the ingredients required to send the nominal value through the roof. Classic cornered market stuff.......how sustainable this is in the longer term, is another matter.

In this sense, what makes the Bitcoin whale any different to the Money Masters who control the supply of Fiat currency and its spending power?

[Prolifik]

Allot of things affect the price of Bitcoin.

Mostly the buying and selling of Bitcoin though. Which is influenced by news and speculation.
Right now I can see people who play the big stock exchanges getting into Bitcoin and Altcoin day trading.

Fun fact, I have no idea how to buy a stock of Facebook Twitter Microsoft or Apple.
Most people don't, Bitcoin is really easy to buy "stocks" of. You can buy it and sell it to a random person if you don't want to go through the big regulated exchanges.

Bitcoins price has been quite stable the past month.

[zerk89]

Look at my previous posts and you will be enlightened. Most people on here are clueless highschoolers. No problem though.