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yusupjatigumilar
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June 01, 2018, 02:36:15 AM |
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Hey guys, i need some suggestions and opinions about this.
many factors that influence bitcoin value one of them is a news factor, when there is an issue or news related to bitcoin then this will be very influential to the decision taken bitcoin holder whether they will sell or buy, of course, if the negative news then most of they will sell panic and this will trigger the decline in bitcoin value, whereas if the news that appears is positive news will attract many new investors to buy and of course this will make bitcoin prices to rise |
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yusupjatigumilar
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June 01, 2018, 02:40:28 AM |
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Hey guys, i need some suggestions and opinions about this.
many factors that influence bitcoin value one of them is a news factor, when there is an issue or news related to bitcoin then this will be very influential to the decision taken bitcoin holder whether they will sell or buy, of course, if the negative news then most of they will sell panic and this will trigger the decline in bitcoin value, whereas if the news that appears is positive news will attract many new investors to buy and of course this will make bitcoin prices to rise apart from the news I think the behavior of traders is also very influential here, this can be seen when the wall buy more than the wall selling this means that the sellers have lost with the buyers this will make the price of bitcoin to rise, and vice versa, and this behavior one of which is also influenced by the news factor |
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sakahayang
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June 01, 2018, 03:05:07 AM |
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Hey guys, i need some suggestions and opinions about this.
Here are the 5 crucial factors that impact the price at present.
Bitcoin supply and increasing/decreasing demand
Gold prices are based on this principle as well. Just like mining costs are primary influencing factors for gold, the Bitcoin price is determined by the need for solving certain equations, which are also termed as mining. This forms the supply part.
The other part is the demand for Bitcoins, which is based on the awareness about Bitcoin, its popularity, trust among crypto community members, and even more. If the demand is high and the supply does not meet the demand, this causes a spike in the Bitcoin rate. With Bitcoins being a finite amount that will never cross 21 million, the supply is very controlled. Thus it is expected that the price will keep on increasing.
Regulations enforced by governments on Bitcoin transactions
Contrary to fiat currency, Bitcoin is not bound by any specific government regulations. This is the reason governments struggle to lay down regulations for it. But countries like Japan, the UK, Canada, and the USA have already released regulating laws on Bitcoin.
Japan, for instance, has several stores that accept Bitcoins as the government has recognized the cryptocurrency as a legal payment since April 2017. This has sparked a high increase in the Bitcoin rates. The legitimization by Japan is one important reason behind the soaring Bitcoin prices.
The regulations on Bitcoin and its subsequent rise have forced other countries to consider regulating the cryptocurrency. Bitcoin prices fluctuate whenever there is an official statement regarding digital currency regulation. This occurs even if the government declarations are not connected directly to the cryptocurrencies. The financial crisis in Cyprus is a good instance. When funds were seized, there were discussions about using Bitcoins as the new currency in Cyprus.
And whenever a government imposes a ban or restriction on the Bitcoin use, there is a drastic change in the price. One important factor due to which almost all governments want to eliminate the Bitcoin payment method is the anonymity associated with it. Proposals for supervision by a separate third party for the Bitcoin exchanges have been made. This, if implemented, can affect the prices significantly.
Bitcoin in news: Influence of media on garnering negative and positive publicity
As Bitcoin is a very volatile currency, even the minor change can influence its prices. It can be manipulated by negative and positive publicity in the news. News about hacking, banning of ICO by China, or some eminent celebrity declaring it as fraudulent can result in negative influence on the price. Since the market capitalization of cryptocurrency is not large when compared with global economy, even the mildest rumors that circulate on the web can lead to decrease in the value. However, negative news does not have the capacity to ruin the currency, as is witnessed now.
In some cases, the negative publicity actually helps to popularize the cryptocurrency, which contributes to its success. Hype in the media about Bitcoins can lead to spike in prices, while negative news can cause the price to drop.
News related to hacking the exchanges or bankruptcy can create bear rumours among users causing the price to plunge. News about the currency being used for selling drugs, laundering money, and other illegal activities can also impact the value of Bitcoins.
Bitcoin users and developers influence the rise and fall of price
The crypto community comprising of Bitcoin users and developers serves as a vital influential factor causing price fluctuation. Trust factor plays a crucial role in cryptocurrency environment. In spite of several other altcoins being developed with more superior features than Bitcoin, it is still the most valued currency because of the trust the community places on the currency.
So it is best for a trader to heed to the sentiments regarding Bitcoin. You should be in touch with the mindset of the community by studying the discussions, forums, and chats meticulously. This will help you to learn about the current situation and the direction in which the currency is heading towards.
Not only is Bitcoin still in its fledgling stage, it is new, peculiar, and with an unstable rate. This makes it risky and mutable. But it is hailed as the currency of the future because of its revolutionary nature. Trading the currency has certainly benefited the community and will do so if the current trend continues.
New technological changes to Bitcoin
The latest advancements and innovative efforts in technology have the power to influence the price of Bitcoin.
Bitcoin integration with the payment system of PayPal is one instance which has sparked a renewed interest in the currency among people.
Launch of various ICOs by the aid of decentralized platforms that include the Ethereum-like smart contracts.
Another innovation is using blockchain technology for streamlining supply chain and improving transparency in various systems.
Blockstream helps add more functionality to Bitcoins, which can increase the value as well.
As you can see, there is quite a large diversity in the factors which impact the value of Bitcoins. The first factor, which is Bitcoin supply and demand, is a slow-but-sure way to affect the price. In case of the media influence, the change is more drastically leading to speculative trade.
In the present scenario, it is clear that the price seems to be on an upward swing and will stay so irrespective of the presence of negative influencing factors. Knowing about these vital factors will not help you in specific price predictions but will certainly help you understand the “pumps and dumps” of Bitcoin and the reasons behind them.
This would help you to make a sensible and informed decision on selling or buying Bitcoins.
I think a question like this has often been asked and certainly the answer will be the same and the answer is already clear as explained by Dannyaamir above. but which is my question, whether all this really could be a reference? because I think Bitcoin can go up and down is the price circulation every year with a record can be fast and can be slow. who support it all is the miners, if the miners the less then the price will go down, otherwise if the miners are very much then the price will rise. |
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Angela28
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June 01, 2018, 03:08:36 AM |
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What are the factors that affect the bitcoin value?
What is the objective factor and what is the subjective factor?
How can we overcome these factors so that bitcioin can grow?
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smurfen
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June 01, 2018, 03:18:38 AM |
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good info
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btc02190110
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June 01, 2018, 03:26:09 AM |
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Bitcoin supply and increasing/decreasing demand,,Regulations enforced by governments on Bitcoin transactions,,Bitcoin in news: Influence of media on garnering negative and positive publicity,,Bitcoin users and developers influence the rise and fall of price,,New technological changes to Bitcoin.. etc. These are some of the reasons....
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Scavagers
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June 01, 2018, 03:32:06 AM |
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Hey guys, i need some suggestions and opinions about this.
I think one of the main reason of the volatility of bitcoin is the demand of it. If more people are interested in buying bitcoin, then its price will probably increase. There are many things that affect the demand of bitcoin, one example is the media. It can affect the popularity of bitcoin and it can have a possitive or negative effect depending on the issue. One thing that also affect its value is the rate of how much bitcoin is supplied through mining. |
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riuzfairus
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June 01, 2018, 03:35:19 AM |
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which I know the value of bitcoin is
-Bitcoin volume is still small
-The existence of Bitcoin Trading
This is the factor of rise and fall of bitcoin prices significantly. Traders will buy large amounts of bitcoin at a low price then store it for some time, and will sell it when the price is high.
-Good and Bad News About Bitcoin, it can cause bitcoin value when there is bad news and good news about bitcoin.
-Bitcoin Investment Fraud
- and the last is a hacker crime in the bitcoin world that troubles the users
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Juggy777
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June 01, 2018, 03:40:11 AM |
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Bitcoin value is mainly effected by demand and supply and that's a very important role in the daily prices.
Next is the influx of news if it's positive prices boom, if it's negative prices crash. It is pertinent to note that media and government keep on spreading fud to influence the prices and that's what hurts btc. Also sentiments play a important role in the prices.
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oppasong
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June 01, 2018, 04:06:17 AM |
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one that drops the bitcoin price is so much of an issue that attacks bitcoin so that bitcoin instantly goes down in price and this becomes a great opportunity for any investor to invest in bitcoin and wait for bitcoin to go up and they then sell it and they get a big enough profit
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Bayu_12
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June 01, 2018, 05:41:23 AM |
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- news - government policy - FUD - sales and purchases - predict the traders  |
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nature_gh
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June 01, 2018, 05:47:38 AM |
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Hey guys, i need some suggestions and opinions about this.
how the course has changed since the appearance of bitcoin also affects its course in the future |
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Gabah56
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June 01, 2018, 05:52:52 AM |
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among the main factors is. buyers and sellers of bitcoin. every one who buys the bitcoin he / she includes already put in in raising the price of bitcoin.
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PX-Z
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June 01, 2018, 06:49:05 AM |
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I know some factors that can definitely affects the market value of bitcoin, like fake news, spreading some FUD's or fake news really brings fear to the holders that can caused of panic selling that totally affects the market value. And those investors that they called WHALES, they are the one who manipulates the market value by just buying and selling a large amount of bitcoins that can caused of pump and dump of its price in just a few moments.
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Mentari78
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June 01, 2018, 08:11:01 AM |
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there is bad news about Bitcoin, this factor will affect a significant price movement. If Bitcoin users hear negative news about Bitcoin, then they will panic and then sell its bitcoin to secure the asset, this makes the price of Bitcoin dropped due to mass sales of Bitcoin.
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qwertyuiop0987654321
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June 01, 2018, 09:03:02 AM |
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I think one of the factors that can affect the bitcoin price is bad news or FUD's that can holders sell their bitcoin because they think that the price of bitcoin will drop and the other factor is there are some group of a pump and dump that can manipulate the value of bitcoin and the other thing is there are many scammers out there that use bitcoin as their presentation that is why people didn't trust bitcoin because of this reason.
There are many reasons or factors that affect the value of bitcoin. Here are some reasons of its price to vary. One of it is the number of people or the population of Bitcoin users. I think that it affects its value. The more the people were engaged at BTC, the less its value will be. Another thing is there are people that pump or manipulate its value. These are some of the reasons of the varying price of BTC. |
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libertyaim
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June 01, 2018, 09:10:11 AM |
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The fact that a lot of people use Bitcoin as a way to store their money because their own country's economy is weak. So, if Bitcoin starts to lose value faster than their economy, they will take it out.
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tungaqhd
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June 01, 2018, 09:20:25 AM |
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Hey guys, i need some suggestions and opinions about this.
In my opinion, it depends on the amount of selling bitcoin. The more people sell bitcoin, the more deep price go down. Then is government's rules of big country, if it's negavtive to bitcoin, it will affect on trader. |
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Shtamm_oval
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June 01, 2018, 09:44:47 AM |
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Hey guys, i need some suggestions and opinions about this.
I believe that bitcoin is affected only by the number of free coins on the market. The more coins on sale, the lower the price. Now people deduce money for rest and the price is low |
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VitKoyn
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June 01, 2018, 09:55:18 AM |
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There's a lot of factors that can affect the price of Bitcoin or even other cryptocurrencies. Mainly it is the supply and demand and I think there's no need to explain how it affects the price because it's too basic. Another one is the news, if there is a good news about Bitcoin, there's a chance that the price will go up and if there is a bad news then there's a chance that it will go down, depending on the news. This is why whenever there's a news that a huge company will invest on Bitcoin, the price went up and when a news came out that an influenced personality said anything not good with Bitcoin, the price goes down, and this is an FUD. Regulations from governments can also affect especially in a country that have high demands in cryptocurrencies.
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