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Author Topic: what could cause bitcoin prices to go up and down?  (Read 2116 times)
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October 11, 2018, 04:21:28 PM
 #281

I want to know what you think, what affects the bitcoin price, so we can find out when to sell and buy bitcoin, because now the bitcoin price drops again  Huh
Despite the incredible technology behind bitcoin and the leap forward that this means for the world bitcoin is still affected by all the economic processes as any other thing in the world, and the one that affects its price the most is the supply and demand, unlike fiat currencies the supply of bitcoin grows at a very constant speed that is known beforehand, this is great but when the demand changes this makes the price of bitcoin incredibly volatile.



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October 12, 2018, 06:16:45 AM
 #282

I think what makes this bitcoin price increase is because of the good news circulating on the internet and the total supply and algorithms for mining blocks are increased, making bitcoin very difficult to obtain and the price becomes very expensive.

The news can cause bitcoin prices to go up and down, and we already know this. We know that much bad news comes out in this year, and it makes the price can increase and even it still down. But soon, people will realize that the bad news will only make them get panic, and they cannot hold their bitcoin for a longer time. And they will stay calm if there is any bad news that comes out because they know that this can give a bad effect to the price, so it is better to be patient for a while.
I my self visit those pages, groups and talk on reedit before investing my money in bitcoins. By hearing the news we can absorb when will price up and when it go down.

But you still need to research by yourself and not just follow the news from many sources because you can find the fact that it is a good time to invest or waiting for more. And if we can know when the price will up and down, it doesn't mean that it will happen in the next minute because no one will know about this and this is why we need to find out by ourselves. So invest your money with the amount that you can afford and don't go all in for the investing in bitcoin because we don't know what will happen later.



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October 12, 2018, 09:04:05 AM
 #283

Since the crypto economics is governed by the basic supply and demand scheme, therefore its price is volatile. Expect for a spike when the demand of people go high and of course goes down when the demand is low.

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October 12, 2018, 09:26:33 AM
 #284

All cryptocurrencies in the market are affected by purchasing power, and there are many reasons that affect purchasing power. For example, hacking, panic effects, operators, and news can affect purchasing power!

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October 14, 2018, 07:36:18 AM
 #285

I think what makes this bitcoin price increase is because of the good news circulating on the internet and the total supply and algorithms for mining blocks are increased, making bitcoin very difficult to obtain and the price becomes very expensive.
The limit in amount of coins is probably one of the most important factors when it comes to the value bitcoin, because if there was not such a limit I know that I will not be holding bitcoin because that will mean that an unlimited amount of coins is going to exist, fortunately for us satoshi understood that in order for something to become valuable it needs to be scarce as well.
Investment cap, positive and negative attitude, trust of the people, demand and supply are the factors that affect the price and cause ups and downs in the market. The market now is suffering from strong correction and the investors should stay and hold their coins for more time. Hope that this situation will end up soon and good days will start in near future.

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