raking
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September 29, 2018, 01:07:39 PM |
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The most influential factor, quite clear and obvious, is speculation. Bitcoin speculation can bring huge profits because such a large profit margin. The risk of this currency makes it attractive to speculators. As a commodity, the value of Bitcoin is determined based on supply and demand. However, since all transactions are made based on the computer system as well as the newly excavated Bitcoin is determined by the system, this currency is extremely sensitive to fluctuations in supply and demand, which is secondary. It's a lot of speculation. As they consolidate, demand will increase and vice versa, when they discharge, resulting in increased supply. As a result, speculation becomes the most powerful factor influencing the value of Bitcoin.
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Epimetheus
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September 29, 2018, 03:38:46 PM |
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Bitcoin is a volatile currency and many thing support its volatility. First thing is its decentralised nature. Because of this nature it does not under control of any kind of authority or government and because of this reason their is a lot of irregularities in its production and distribution and this thing seriously affect its price. Another thing is the negative news spread by different media and this thing seriously affects its price. When one country ban it in their country then the negative effect show on its price in a other country.
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pakhitheboss
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September 29, 2018, 06:00:27 PM |
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This post was written in the month of August. The price of Bitcoin at that time was 7k. Now the price has gone below and is hovering between 6k to 6.7k. At this moment none of those points are affecting the price.
Thats the reason those who understand Bitcoin have been writing in this Forum, that it is hard to predict the price of Bitcoin.
If reasons could affect the price of Bitcoin then Bitcoin could have never achieved the price of 17k last year.
What I found in this Forum that the price of Bitcoin has increased every year from 2011 till now. The price might go up or remain the same, we only need to HODL till we achieve our profit.
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edsnowangel
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September 30, 2018, 05:02:46 PM |
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There are a number of reasons why bitcoin prices decrease or increase. However, the news, hack will still affect the price. I really believe that if Bitcoin ETFs are approved, Mass accepts e-money will happen as well as this will eliminate price manipulation soon. We all know how fast the market can change.
The news is the major reason why the bitcoin price is getting low or high because it is a channel to connect with the people globally so if there are bad or good news it might affect the btc or crypto reputation
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sd
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nickwen
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September 30, 2018, 05:28:51 PM |
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When market participants, up and down like the Bitcoin Price wave. There are things I like big waves, I want the oscillation amplitude of the Bitcoin. So I have many opportunities to make money
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gowobonyok
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October 01, 2018, 01:07:31 AM |
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Forget the reason bitcoin fell, everyone will certainly be more worried about that. now, give the reason why bitcoin will rise. the first is, the return of the support of several media, such as Google, has received crypto ads again. isn't that good news?
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ngalamunan
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October 01, 2018, 01:35:56 AM |
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As an analyst I believe that Bitcoin ETFs could help increase overall cryptocurrency adoption, while also significantly driving their prices upwards. One of the reasons crypto ETFs could lead to a surge in cryptocurrency prices is because they could potentially increase their scarcity and liquidity. Usually, when an asset or store of value becomes scarce, there’s a substantial increase in its price. This can be argued too when Bitcoin futures contracts were launched into the market, there will be a more sustainable increase in price. The reason for this is that many investors shifted from the physical crypto market to the derivatives market shortly after Bitcoin futures contracts were introduced. I would attribute the crash that came afterwards to the inexperienced traders who quite didn't understand the supply and demand effects but with Bitcoin ETF signed, investors would be trading Bitcoin and this would also lead to mass adoption and inturn drive prices up.
I think the impact that affects the price of bitcoin is the Bitcoin Volume and Distribution As a relatively young digital currency, Trader speculation Believe it or not, the number of Bitcoin users who make it as a trading asset is more than those who actually use it as a medium of exchange, Fraud Mode Involving Bitcoin Because of its huge potential, many parties are irresponsible then making Bitcoin a new fraud object involving investors. I think the impact of bitcoin prices is Bitcoin Volume and Distribution As a digital currency that is still relatively young, the Bitcoin volume is still very little compared to other assets such as gold, especially conventional currencies such as the US Dollar, Trader Speculation Believe it or not, the number of Bitcoin users who make it as a trading asset is more than those who actually use it as a medium of exchange, Fraud Mode Involving Bitcoin Because of its huge potential, many parties are irresponsible then making Bitcoin a new fraud object involving investors.
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BennyK
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October 01, 2018, 01:41:19 AM |
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Another factors of bitcoin prices to be low as of the moment is that more and more ICO or other crypto are getting scam amd lot of people lossing their hope in bitcoin or in ither crypto and yer there are lot of people feel to sell low also known as FOMO and there are also a lot of FUD news
This is an indispensable fact about the reasons behind the low price of Bitcoin on the market now. Some investors and potential investors are scared and have withdrawn their money from crypto due to the scam ICOs and projects on the market. Until effective measures are put in place to curb this, there will be always a whole in the market for leakages.
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enigmatical
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October 01, 2018, 06:27:24 PM |
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The concept of supply and demand is one of the basic laws of economics. In a nutshell, the rarer something is and the more in demand it is, the higher the price will be. Bitcoin’s protocol has pre-determined the number of coins that will ever be in circulating supply – it’s 21,000,000. There are now less than 4 million bitcoins left to be mined. and with the increasing popularity of the cryptocurrency field in general, scarcity seems to have an impact on price. Of course, we’ve also seen prices fall as a result of the same mechanism. Every time Nobuaki Kobayashi, the Mt. Gox bankruptcy trustee, moves large quantities of bitcoins from the fund’s cold wallet, prices begin to drop in anticipation of the market being flooded
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khroma
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October 01, 2018, 06:39:14 PM |
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Speculation plays a vital role because it is where the media comes into the picture. It doesn’t mean that the media is to blame for the volatility of Bitcoin’s price, but it’s the main medium through which information is shared. Opinions, and especially the behavior of investors, have a serious impact on the price of this virtual asset. But this isn’t an isolated matter, investors’ opinions have always had an impact on virtually any publically traded asset.
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enigmatical
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October 01, 2018, 06:45:44 PM |
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I concur on speculation too, because take for instance, when a popular investor shares positive sentiment about Bitcoin or any other virtual currency and this news reaches the masses, it’s possible that its price is going to appreciate. On the other hand, when a world-renowned name such as Warren Buffet says that Bitcoin is like ‘rat poison,’ this might have a negative impact on the cryptocurrency’s price.
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Rosesie
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October 02, 2018, 01:05:43 AM |
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As we all know if the Demand is greater than Supply, price rises unpredictable. I think this is the factor can impact to bitcoin prices
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Siren
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October 02, 2018, 01:16:25 AM |
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Before all of that issue comes out,market in the firet quarter acting like this so better don’t put the blame on those because the truth is that investors are playing safe and waited for the right timing to invest thats why the pices in market keep on falling or keeps on lower value things that normal because theres a domino effect when investors stop putting money inside cryptocurrency
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WhiteGAN
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October 06, 2018, 01:59:30 AM |
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The decline is more dominant than the market situation. There is no reason other than boasting about Bitcoin prices and making that move against the movement of the electronic money market. However, the news, hack will still affect the price. We all know how fast the market can change. Bitcoin speculation can be profitable for such a large profit. As an item, the value of Bitcoin is determined based on supply and demand. That is a lot of speculation. As a result, speculation becomes the strongest factor influencing the value of Bitcoin. The first is its decentralized nature. The other thing is the negative news spread by various media and this seriously affects its price.
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xbiv2
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October 06, 2018, 02:13:17 AM |
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Bitcoin dominance Pajeet make 100,000,000,000 coins. Pajeet sell 1 coin for $1 to hes brother Pansun Now we have $100,000,000,000 capitalisation. WOW!!!
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edsnowangel
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October 08, 2018, 01:45:14 AM |
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As we all know if the Demand is greater than Supply, price rises unpredictable. I think this is the factor can impact to bitcoin prices
yes you are right but this are not the only thing need to consider there are more that demand and supply like for example FUD, DUMPERS and other negative factors can affect the crypto price
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sd
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fuer44
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October 08, 2018, 01:50:49 AM |
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Hi i hear recently SEC has received Bitcoin ETF? and that is a good step to re-attract the wider public to invest in bitcoin.
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Siti Nurbaya
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October 08, 2018, 02:56:00 AM |
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Indeed, speculation makes it all a concern and reflection to see better or worse values. It is not a mistake but it happens, every positive news is able to raise the price of bitcoin, and negative news is able to reduce the value, this will be the panic holder and throw it away. But that can be overcome with many people who remain convinced of the value of bitcoin.
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tetyulfania
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October 08, 2018, 03:15:49 AM |
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After reject by Sec of ETF make bitcoin price too low and we have waiting for long time where bitcoin could be growing up to higher price, many investor have wait because buy bitcoin at more higher price and wait for recovery bitcoin back to higher price.
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bitcon
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October 08, 2018, 08:06:33 AM |
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Indeed, speculation makes it all a concern and reflection to see better or worse values. It is not a mistake but it happens, every positive news is able to raise the price of bitcoin, and negative news is able to reduce the value, this will be the panic holder and throw it away. But that can be overcome with many people who remain convinced of the value of bitcoin.
As I see, fewer people now pay attention to the negative news. They started to understand that this is all simply the speculation. The whales affect Bitcoin prices a lot, and the average crypto users cannot do anything with it.
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