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Author Topic: The Bitcoin price increase has three factors.  (Read 480 times)
lamthanh3462342 (OP)
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August 19, 2018, 02:23:04 AM
 #1

No. 1 is the amount of transactions between buyers and different people. For example if you have 100 BTC you want for $ 1, but someone with 100 BTC want to sell for $ 2, the value it will increase so.
Secondly because of the rare bitcoin copper, and the need to use BTC for various purposes so many people need BTC that makes the BTC increase.
Third, by speculation, those who have money to inject money into the market and use FOMO tactics to entice more and more people into the market, the price will be pushed up.
There are many other factors, but only focus on the three main good.
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August 19, 2018, 02:31:58 AM
 #2

No. 1 is the amount of transactions between buyers and different people. For example if you have 100 BTC you want for $ 1, but someone with 100 BTC want to sell for $ 2, the value it will increase so.
your "want" doesn't increase the price at all. it will be increased if someone actually fulfills your "want". for example right now price is $6.5k and i have 100BTC and want to sell it at $1 million each, that doesn't increase the price because people aren't going to pay me that much. but they are willing to pay $6.5k
in other words if you buy price will go up.

Quote
Secondly because of the rare bitcoin copper, and the need to use BTC for various purposes so many people need BTC that makes the BTC increase.
i have no idea what this even means Tongue

Quote
Third, by speculation, those who have money to inject money into the market and use FOMO tactics to entice more and more people into the market, the price will be pushed up.
any form of manipulation is only going to affect the market temporarily. you can't expect FOMO rise to stay just as you can not expect a panic sell drop to stay.

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There are many other factors, but only focus on the three main good.
these aren't "main" factors affecting bitcoin price. these aren't even important.

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Askend
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August 19, 2018, 03:00:16 AM
 #3

The point is that if the price of bitcoin wants to survive, then we have to save bitcoin in our wallet, and we cannot sell the BTC. But keeping btc in your wallet for free is not the goal of people, their goal is to save btc because they are waiting for high btc prices, after high then they sell the btc again.
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August 19, 2018, 03:29:03 AM
 #4

I think main factor of increasing bitcoin is of course high demand. if that happens then there will definitely be a price increase, because the higher demand, buyer will increase purchase value
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August 19, 2018, 03:32:45 AM
 #5

Really very informative article because all those factors you mentioned are really good and I think all of those fact are effective.
chris200x9
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August 19, 2018, 03:36:46 AM
 #6

No. 1 is the amount of transactions between buyers and different people. For example if you have 100 BTC you want for $ 1, but someone with 100 BTC want to sell for $ 2, the value it will increase so.

That will happen only when buyers want to buy at that high price. If buyer back off and seller need urgent funds then they will surely reduce offer price. Means, if you want to sell higher price first thing demand for bitcoin has to increase.

You just explained how prices can move but it is not a factor to increase the price. You need to tell how demand can increase for the prices to go up.

Third, by speculation, those who have money to inject money into the market and use FOMO tactics to entice more and more people into the market, the price will be pushed up.

This pushing up or down can't be done for long with manipulation particularly when a lot of small investors are holding coins. They create a demand or panic for short movement but not for long.
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August 19, 2018, 03:43:09 AM
 #7

Market sentiments are different at different times.  When there is bull phase people are running to catch bitcoin and buying at whatever price it is available like we saw in 2017.

On the other hand when bear phase is running ; so many negative news are being spread by people who just want to earn something after the panic being created by them in the holders.  Under such circumstances; we see there are no buyers in the markets.  And the price falls.

In 2017 when the price was rising upwards every hours one buyer was ready to pay even $20k but what happened to him that when the price is too low hovering around $6.5 k but he is not ready to buy.  He is fearful at this moment or he hopes that the price will further fall and then he will buy it.

So as per my opinion a mental state is being created by the speculators.  Whenever they want the price to rise they spread positive news. We hear all the good. At those moments people start buying more and more and I think the speculators are then selling their holdings at much higher prices then they purchased thereby earning huge profits.    

But on the contrary when they want to fall the market they spread negative rumours.  

So in price fluctuation major role is played by these game changers known by different names; bear / bull.  
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August 19, 2018, 03:44:51 AM
 #8

WOW. It's good. The higher the demand, the higher the price. And there is market tactics to make some people interesting to it. Bitcoin has problem now but i hope it will done immediately. Smiley
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August 19, 2018, 04:31:08 AM
 #9

I only know if a news about the development of bitcoin will affect prices on the exchange market. when there is bad news the price will fall, and if there is good news such as legality, cooperation will increase.
davis196
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August 19, 2018, 05:23:45 AM
 #10

I like when the newbies pretend they know how the crypto market works and they try to explain it to the more experienced forum members. Grin
The one and only thing that drives the bitcoin price up is the amount of trust people have in bitcoin.
If the majority of the people believe that bitcoin costs 10K,they will buy it for 10K and this will be it's market price.

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August 19, 2018, 05:48:26 AM
 #11

No. 1 is the amount of transactions between buyers and different people. For example if you have 100 BTC you want for $ 1, but someone with 100 BTC want to sell for $ 2, the value it will increase so.
Secondly because of the rare bitcoin copper, and the need to use BTC for various purposes so many people need BTC that makes the BTC increase.
Third, by speculation, those who have money to inject money into the market and use FOMO tactics to entice more and more people into the market, the price will be pushed up.
There are many other factors, but only focus on the three main good.
It is about how people using bitcoin manages their bitcoins. As people do panic selling when bitcoin's price drops, the tendency is it will continue dropping down. As far as I know, as bitcoin's volume increases, as many bitcoin is produced, the lower the price of it, correct me if I am wrong.
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August 19, 2018, 07:52:04 PM
 #12

There are many factors which increase its price but in my opinion their are  top three factor which really help bitcoin to increase its price. First is investment. Bitcoin has short term profit criteria and because of this many invest in it and this thing help to increase its market price. Another thing is its online uses. It is heavily used for online trading and shopping. Many people use it for their online business. This thing help to increase its price. Many multinational companies start using cryptocurrency for their various projects and this thing positively affects bitcoins price.
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August 20, 2018, 03:06:08 AM
 #13

No. 1 is the amount of transactions between buyers and different people. For example if you have 100 BTC you want for $ 1, but someone with 100 BTC want to sell for $ 2, the value it will increase so.
Secondly because of the rare bitcoin copper, and the need to use BTC for various purposes so many people need BTC that makes the BTC increase.
Third, by speculation, those who have money to inject money into the market and use FOMO tactics to entice more and more people into the market, the price will be pushed up.
There are many other factors, but only focus on the three main good.

Yes it is the matter of supply and demand i think. The more peoples seek bitcoin and want to buy it, the more expensive bitcoin price become.
And i think the government factors have a role in the market too. Just look at the ETF news. But the important is btc will need to be adopted and used by everyone so the price will stable and higher.

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August 20, 2018, 06:50:58 AM
 #14

No. 1 is the amount of transactions between buyers and different people. For example if you have 100 BTC you want for $ 1, but someone with 100 BTC want to sell for $ 2, the value it will increase so.
Secondly because of the rare bitcoin copper, and the need to use BTC for various purposes so many people need BTC that makes the BTC increase.
Third, by speculation, those who have money to inject money into the market and use FOMO tactics to entice more and more people into the market, the price will be pushed up.
There are many other factors, but only focus on the three main good.
Or you can say all of those factors with this simple sentence: the law of supply and demand affect the market.
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August 20, 2018, 06:59:21 AM
 #15

It has many factors but i don't think those are the main reasons. Widespread adoption is the key to success here, when coupled with fomo you will see a major spike like the bull run that happened late last year.

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August 20, 2018, 07:15:15 AM
 #16

Do you think that in addition to those factors influenced by the ruling, the "whales" are controlling the cryptographic market?
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August 20, 2018, 07:25:07 AM
 #17

Here is my two factors, HYPE and FUD.  Roll Eyes

Let's look at the definition of HYPE first - Hype is the extravagant or intensive publicity or promotion of something, exaggerating its benefits. Roll Eyes  <This is very true of Bitcoin in some instances, because people like to exaggerate.>

FUD - FUD is the fear, uncertainty, and doubt that people use to push down the price and this is mostly coming from our competitors.

People should not underestimate the power of HYPE and FUD in the determination of the price.  Roll Eyes

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August 20, 2018, 07:25:40 AM
 #18

There are many factors which increase its price but in my opinion their are  top three factor which really help bitcoin to increase its price. First is investment. Bitcoin has short term profit criteria and because of this many invest in it and this thing help to increase its market price. Another thing is its online uses. It is heavily used for online trading and shopping. Many people use it for their online business
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August 20, 2018, 07:26:50 AM
 #19

I think the most important factor is that the public understands and accepts bitcoin.Can effectively eliminate fake fraud.
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August 20, 2018, 07:50:16 AM
 #20

I like when the newbies pretend they know how the crypto market works and they try to explain it to the more experienced forum members. Grin
Let them be because at the very least we can know how they think the market works and if there is something wrong with their idea, experienced forum members can correct them.
Here is my two factors, HYPE and FUD.  Roll Eyes
You are right but I think both factors that you have mentioned belongs only into one category of the factors for bitcoin price movements, demand. The other factor is the limited supply bitcoin got.
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