JanVanHellsing
Member
Offline
Activity: 107
Merit: 10
Decentralised Wearable Devices
|
|
August 16, 2018, 08:31:31 AM |
|
-BTC 5/8 price is trading at 7000 USD / BTC, down 6,9% , market capitalization is 127 billion USD and cash flow is over 17 billion dong according to Coinmarketcap. The BTC's non-braking slope also caused the entire altcoin to turn on red lights. Most notably, TRON's Justin Sun recently featured prominently including Tron's recent acquisition of BitTorrent and uTorrent, the launch of Tron Virtual Machine (TVM), and a secret project later announced as the Project Atlas) but still swept the wave of the market. -Five reasons are thought to be the biggest impact on BTC pricing: +HitBTC reported hardware failure: The recent tight control on the HitBTC trading floor caused the inhibition of the user community causing the BTC market to suffer a psychological blow after this incident. +Bitcoin ETF was denied the license by the SEC. This is considered a major factor causing Bitcoin to drop immediately and causing the market to fluctuate sharply in the past few weeks. +Korea taxed the digital exchanges. This news has caused a gloomy atmosphere for the whole market including BTC +The recent virtual trading on the BitForex trading floor, a deal on Coinmarketcap, has raised concerns about market manipulation, a loss of confidence in electronic money transactions. +Bitcoin's trading profile has changed, noting that the cash flow was flowing back from the altcoins into Bitcoin and Tether (USDT). Indexes for the movement of funds include Bitcoin dominance of market capitalization, up to 48%. In addition, the USDT transaction now accounts for more than 21% of the total volume of the electronic money market.
This is a very good summary and I also think all of these events contributed to the massive price decline in recent days. Which one do you think had the single biggest impact? I tend toward the ETF delay but maybe I am biased as this was constantly talked about. After all, this decision affected only the US market which is certainly less relevant than the Asian regions. What are your thoughts?
|
|
|
|
olalaMaty
Newbie
Offline
Activity: 126
Merit: 0
|
|
August 16, 2018, 08:40:25 AM |
|
Some factors that affect the price of bitcoin are government policies that will directly impact the price of bitcoin and the demand for the market will also affect the bitcoin.
|
|
|
|
tranquyen123456
Newbie
Offline
Activity: 183
Merit: 0
|
|
August 16, 2018, 08:53:50 AM |
|
Market supply and demand - This factor is a major factor affecting the price of Bitcoin. Today, Bitcoin has no equivalent in the real world, so BTC-encoded currencies will be sold on the exchange. The main principle of economics is that if people buy a coin, the price goes up and if people sell the coin, the price will fall. There are so many sellers that Bitcoin prices are falling sharply
|
|
|
|
Lexurdania
Member
Offline
Activity: 840
Merit: 10
|
|
August 16, 2018, 09:37:57 AM |
|
I think negative news about bitcoin give big impact for bitcoin price. Delaying on ETF approval bring most coin in market drop more than 70billions dollar in market cap value. Negative news give big impact because cryptocurrency market still unregulated market and thats decreasing investor confident
|
|
|
|
Gururapyco
Newbie
Offline
Activity: 67
Merit: 0
|
|
August 16, 2018, 10:03:01 AM |
|
The real reason in my opinion is the overall manipulation created buy some big players that want to get in and freak out those weakhands.
|
|
|
|
hessanseen
Member
Offline
Activity: 244
Merit: 10
|
|
August 18, 2018, 12:25:13 PM |
|
Policies and encryption technology around the world may affect the price of Bitcoin, but the core factor should be demand. Without a lot of new money coming into the market, the price of Bitcoin will certainly fall.
|
|
|
|
TheUltraElite
Legendary
Offline
Activity: 3080
Merit: 1339
Just crossed LEET number of Merits!
|
|
August 24, 2018, 11:10:09 AM |
|
I think negative news about bitcoin give big impact for bitcoin price. Delaying on ETF approval bring most coin in market drop more than 70billions dollar in market cap value. Negative news give big impact because cryptocurrency market still unregulated market and thats decreasing investor confident
Its strange how the news is affecting the market this year while last year it was not so. This year the good news of ETF did not move the market much but then the news of ETF postponing made the market crash followed by recovery. In my opinion there are some new young blood investors who barely entered during a high price and are now in a loss. They are trying to break even by selling even at loss in order to get back their money. This can happen if FOMO steps into their minds and they dont analyse past prices before entering.
|
| █▄ | R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | ▀█ | THE #1 SOLANA CASINO | ████████████▄ ▀▀██████▀▀███ ██▄▄▀▀▄▄█████ █████████████ █████████████ ███▀█████████ ▀▄▄██████████ █████████████ █████████████ █████████████ █████████████ █████████████ ████████████▀ | ████████████▄ ▀▀▀▀▀▀▀██████ █████████████ ▄████████████ ██▄██████████ ████▄████████ █████████████ █░▀▀█████████ ▀▀███████████ █████▄███████ ████▀▄▀██████ ▄▄▄▄▄▄▄██████ ████████████▀ | ........5,000+........ GAMES ......INSTANT...... WITHDRAWALS | ..........HUGE.......... REWARDS ............VIP............ PROGRAM | . PLAY NOW |
|
|
|
Fretcy
|
|
August 24, 2018, 01:00:39 PM |
|
Bitcoin price depend on the demand and supply Bitcoin is the first decentralized cryptocurrency created in 2009 it uses the blockchain technology .Bitcoin is the most popular cryptocurrency that allows for digital transfer without a third party .Every transaction is digitally recorded in blocks which acts as ledger every transaction is digitally recorded to keep security . Due to extreme highs and lows Bitcoin presents a possibility for speculation .Earlier monetary transaction was enabled through central banks now with the invention of Bitcoin the scene has changed .
|
|
|
|
Masatos
Jr. Member
Offline
Activity: 182
Merit: 1
|
|
August 24, 2018, 01:08:58 PM |
|
everything happens as it should have happened. Other coins could not grow forever and the bitcoin's dominance had to increase
|
█████████████████████ SWINCA █████████████████████ Real-Estate Finance Revolution: BUY SWI https://www.swinca.io/
|
|
|
Kemarit
Legendary
Offline
Activity: 3290
Merit: 1392
|
|
August 24, 2018, 06:25:37 PM |
|
I think negative news about bitcoin give big impact for bitcoin price. Delaying on ETF approval bring most coin in market drop more than 70billions dollar in market cap value. Negative news give big impact because cryptocurrency market still unregulated market and thats decreasing investor confident
Its strange how the news is affecting the market this year while last year it was not so. This year the good news of ETF did not move the market much but then the news of ETF postponing made the market crash followed by recovery. In my opinion there are some new young blood investors who barely entered during a high price and are now in a loss. They are trying to break even by selling even at loss in order to get back their money. This can happen if FOMO steps into their minds and they dont analyse past prices before entering. Again, I'm thinking that investors unlike like year is being smart and wouldn't just FOMO to enter the market. Look at those newbies who bought bitcoin at its peak, they are all gone now, because they got burned. But I'm sure that they learn from their mistakes, gain experienced and now are more intelligent. Maybe doing some analysis of their own. ETF's news though is quite a nuisance and i'm no longer trying to get myself to be affected by those news. Rejection or approval doesn't make any difference, IMHO.
|
|
|
|
pedagang2
|
|
August 24, 2018, 07:11:51 PM |
|
maybe that reason could affect the decline in bitcoin prices at the moment, but I'm sure this is just to make big investors panic, and if they are provoked by that, then one day they can only see and pat the forehead because the price will go up to another month. it's just a matter of time.
|
|
|
|
kaisa
|
|
August 25, 2018, 08:54:22 AM |
|
These five reasons can make the BTC price decrease on that day and cannot be denied. but the thing that becomes a problem is excessive anxiety by the community and it supports the BTC to fall to the floor. Currently, there is no positive thing that supports the BTC price for the month, only speculators are trying to keep BTC moving. I think sideways is good for the current conditions, to wait for the SEC's decision to accept ETF proposals that have not been agreed.
|
|
|
|
LindaFallar
Newbie
Offline
Activity: 252
Merit: 0
|
|
August 25, 2018, 09:05:17 AM |
|
I am curious about this topic. What are really the reasons that impact Bitcoin prices? This time Bitcoin decrease at a low rate. Bitcoin users are now wondering when will it be at its high rate or should we say to its highest rate.
Can someone explain me for the reasons for an awareness?
|
|
|
|
Bonsaiav
|
|
August 25, 2018, 09:43:49 AM |
|
Lot of things really impact bitcoin price and i agree with you that exchange website are the reason for the price drops. The sudden drop of bitcoin prices now is because no one buys bitcoin for a huge amount. All they want is to buy in low amount.
No matter how low they buy bitcoin, not even a bit will cause a decrease in bitcoin prices, on the contrary they have contributed to the growth of bitcoin prices. -BTC 5/8 price is trading at 7000 USD / BTC, down 6,9% , market capitalization is 127 billion USD and cash flow is over 17 billion dong according to Coinmarketcap. The BTC's non-braking slope also caused the entire altcoin to turn on red lights. Most notably, TRON's Justin Sun recently featured prominently including Tron's recent acquisition of BitTorrent and uTorrent, the launch of Tron Virtual Machine (TVM), and a secret project later announced as the Project Atlas) but still swept the wave of the market. -Five reasons are thought to be the biggest impact on BTC pricing: +HitBTC reported hardware failure: The recent tight control on the HitBTC trading floor caused the inhibition of the user community causing the BTC market to suffer a psychological blow after this incident. +Bitcoin ETF was denied the license by the SEC. This is considered a major factor causing Bitcoin to drop immediately and causing the market to fluctuate sharply in the past few weeks. +Korea taxed the digital exchanges. This news has caused a gloomy atmosphere for the whole market including BTC +The recent virtual trading on the BitForex trading floor, a deal on Coinmarketcap, has raised concerns about market manipulation, a loss of confidence in electronic money transactions. +Bitcoin's trading profile has changed, noting that the cash flow was flowing back from the altcoins into Bitcoin and Tether (USDT). Indexes for the movement of funds include Bitcoin dominance of market capitalization, up to 48%. In addition, the USDT transaction now accounts for more than 21% of the total volume of the electronic money market.
This is a very good summary and I also think all of these events contributed to the massive price decline in recent days. Which one do you think had the single biggest impact? I tend toward the ETF delay but maybe I am biased as this was constantly talked about. After all, this decision affected only the US market which is certainly less relevant than the Asian regions. What are your thoughts? What you say's true, but the OP says about Korea. As we know, Korea / China is the main base of exchange and use of cryptocurrency in Asia. So it's very clear that the adverse effects have hit the US and Asian crypto markets meaning absolute " its nature remains global".
|
|
|
|
ResuLT
Member
Offline
Activity: 294
Merit: 10
|
|
August 25, 2018, 10:31:15 AM |
|
Nowadays, there are so many people who know cryptocurrency which currently trading it or investing in it. And they must be know the strategy.
|
|
|
|
ghosong
|
|
August 25, 2018, 10:50:38 AM |
|
In my opinion, the main reason for what you say is your second reason (Bitcoin ETF is rejected by the SEC.) This is a major factor because Bitcoin will soon fall and cause the market. This is the first reason I think this is the reason. Because of that there are many panic sellers who sell bitcoin and finally the market goes far away.
|
|
|
|
hakertajniak
Member
Offline
Activity: 504
Merit: 10
YOUC | John McAfee Supports
|
|
August 25, 2018, 01:35:21 PM |
|
-BTC 5/8 price is trading at 7000 USD / BTC, down 6,9% , market capitalization is 127 billion USD and cash flow is over 17 billion dong according to Coinmarketcap. The BTC's non-braking slope also caused the entire altcoin to turn on red lights. Most notably, TRON's Justin Sun recently featured prominently including Tron's recent acquisition of BitTorrent and uTorrent, the launch of Tron Virtual Machine (TVM), and a secret project later announced as the Project Atlas) but still swept the wave of the market. -Five reasons are thought to be the biggest impact on BTC pricing: +HitBTC reported hardware failure: The recent tight control on the HitBTC trading floor caused the inhibition of the user community causing the BTC market to suffer a psychological blow after this incident. +Bitcoin ETF was denied the license by the SEC. This is considered a major factor causing Bitcoin to drop immediately and causing the market to fluctuate sharply in the past few weeks. +Korea taxed the digital exchanges. This news has caused a gloomy atmosphere for the whole market including BTC +The recent virtual trading on the BitForex trading floor, a deal on Coinmarketcap, has raised concerns about market manipulation, a loss of confidence in electronic money transactions. +Bitcoin's trading profile has changed, noting that the cash flow was flowing back from the altcoins into Bitcoin and Tether (USDT). Indexes for the movement of funds include Bitcoin dominance of market capitalization, up to 48%. In addition, the USDT transaction now accounts for more than 21% of the total volume of the electronic money market.
I think there are other reason that causing bitcoin price crashing. But the most reason is SEC delayed or rejected about bitcoin ETF. Currently there are 9 or more rejection of ETF. But there is news about SEC will review the rejections later.
|
|
|
|
messito
Jr. Member
Offline
Activity: 154
Merit: 1
|
|
August 25, 2018, 01:42:31 PM |
|
you are all right to say but the most basic component is the manipulation of the market which dictate the tone of the price
|
[ M O B U ] The Investment Bank of the Future The Security Token Protocol and Licensed Security Token Exchange https://mobu.io/
|
|
|
TheUltraElite
Legendary
Offline
Activity: 3080
Merit: 1339
Just crossed LEET number of Merits!
|
|
August 26, 2018, 09:19:06 AM |
|
Again, I'm thinking that investors unlike like year is being smart and wouldn't just FOMO to enter the market. Look at those newbies who bought bitcoin at its peak, they are all gone now, because they got burned. But I'm sure that they learn from their mistakes, gain experienced and now are more intelligent. I dont think the people who bought bitcoin were actually shark investors. They were just newbies willing to get into the market in the hope of getting rich quick. (just like greedy dumbos) A real investor would actually analyse the market and its risks before putting in any amount of capital with hopes of future returns. Maybe doing some analysis of their own. ETF's news though is quite a nuisance and i'm no longer trying to get myself to be affected by those news. Rejection or approval doesn't make any difference, IMHO.
True, we can see that rejection is not making much of a splash but the small dumps are happening. Bitcoin is facing resistance to cross the 7k or even touch the 7k mark this month and its not surprising if someone just dumps away all their coins if it does touch 7k to send us all tumbling down to 5k. Impact on price might not be a big issue for the hodlers even if its painful but the small fries got pulverized into splatooshis.
|
| █▄ | R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | ▀█ | THE #1 SOLANA CASINO | ████████████▄ ▀▀██████▀▀███ ██▄▄▀▀▄▄█████ █████████████ █████████████ ███▀█████████ ▀▄▄██████████ █████████████ █████████████ █████████████ █████████████ █████████████ ████████████▀ | ████████████▄ ▀▀▀▀▀▀▀██████ █████████████ ▄████████████ ██▄██████████ ████▄████████ █████████████ █░▀▀█████████ ▀▀███████████ █████▄███████ ████▀▄▀██████ ▄▄▄▄▄▄▄██████ ████████████▀ | ........5,000+........ GAMES ......INSTANT...... WITHDRAWALS | ..........HUGE.......... REWARDS ............VIP............ PROGRAM | . PLAY NOW |
|
|
|
MAJICOIN
|
|
August 26, 2018, 09:36:19 AM |
|
There are so many reasons which are impact bitcoin for less value to more value like if the demand for bitcoin rise the price is moving to rise and till the market force like supply balance demand the price become less and unstable so it impact bitcoin. and with this the price volatility high and then the investors feel fear and they switch the coin. So in crypto bitcoin is the most important and valuable coin for now as we can say that in the future bitcoin will use for many purposes so it will make bitcoin more expensive.
|
|
|
|
|