SIDDHI777
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October 06, 2018, 11:28:03 AM |
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It is much meaningful if we say bitcoin is driven by a community created with individuals who are traders or investors and there actions make a huge change for the price of bitcoin and its future also its demand and value mainly decided through there actions and that attracts the rest of the world but it doesn't mean that media and governments action have no effect on bitcoin or its progress but above can be considered as significant
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Mikeschmitt
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October 06, 2018, 11:34:41 AM |
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What really drives bitcoin is the supply and demand. Bitcoin has its own independent value. The price is influenced by the number of users.
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shinharu10282016
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October 06, 2018, 12:09:10 PM |
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Bitcoin is seen as a currency that is not regulated by any institute. It does not generate any revenue and therefore, has a zero minimal value. What then brings about its value and drives it as well?
I believe there are a lot of answers to such question but as for me, I believe the people who have faith in bitcoin and other altcoins drives its price up and down. If more people learn of it and how to use it, the price will go up. Given there is FUD, the price is down. Most of these are driven by a group of people most of the time because they want new entries to the markets.  |
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Kusnechik
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October 06, 2018, 12:14:57 PM |
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One gets the impression that Bitcoin price control is fully within the competence of market participants.
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royalfestus
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October 06, 2018, 12:24:25 PM |
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The independent nature of bitcoin is the major factor driving it. I believe people are tired of government, being controlled and watch over like some nanny
The independent individual as an option is not getting better than government. The rich owners called the whales are now the main manipulators, they are the unexpected problem and new crypto government. It can be driven by individuals because Bitcoin's price is based on the law of supply and demand. If many people will be using Bitcoin, it will lead to more demand and higher price. The total number of Bitcoin is limited only so if there is higher demand than the supplies, the price will soar higher.
The only drive should be the demand and supply but until this year, the demand has been maintained and the price falling. If the demand increases and the seller provide a lower price compare to market, it creates panic. This result in lower price order by buyer, this is the pattern of manipulation. |
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joebrook
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CryptoTalk.Org - Get Paid for every Post!
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October 06, 2018, 01:13:59 PM |
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One gets the impression that Bitcoin price control is fully within the competence of market participants.
Bitcoins is all about the people behind it and when I talk about the people it means that I am talking about the investors into bitcoins. It's the investors that keep bitcoins afloat and if Bitcoins should go down then it will all depends on them as well. |
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raven.tiu17
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October 06, 2018, 01:25:07 PM |
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Most often I think? But right now the institutional are here and they will buy bitcoin as much as they can then sell those accounts to their clients. Actually im more realistic in the bitcoin price after 2 yrs coz price could change from it current standing. We're lucky that we are accumulating at this price.
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Angleworm
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October 06, 2018, 02:47:16 PM |
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Bitcoin was devised by an individual named Satoshi Nakamoto, which is an alias. Bitcoin might have been created by an individual but it is not driven by anyone. It is collectively governed by all the stakeholders.
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ongkok87
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October 06, 2018, 02:58:13 PM |
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not. As far as I know, the one who can drive bitcoin is the person who is not an individual or one person. because if more and more users are using bitcoin, then the faster bitcoin will experience price increases
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bitfocus
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October 06, 2018, 03:02:11 PM |
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yes, to a certain extent, we the people and users are driving bitcoin.
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cizatext
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October 06, 2018, 03:05:18 PM |
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Yes bitcoin is being driven by us the end users and as a community the progress and fall of bitcoin lay with us our activities and at that since there is no body that regulates the activities of bitcoin since it a decentralized commodity, and at that it operate on the economic law of demand and supply.
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Thinkable999
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October 06, 2018, 03:17:23 PM |
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Bitcoin is different than the common market because there is no outside party to control the price.The decentralized feature of bitcoin is the factor driving it.Thus the individuals have more power to make it go forward.
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oppasong
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October 06, 2018, 03:20:51 PM |
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Bitcoin is indeed difficult to control, which drives Bitcoin is an efficient and effective system and guaranteed security so that bitcoin is interested in by various circles from the community and from the institution's point of view that greatly encourages bitcoin.
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Herbys
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October 06, 2018, 03:37:33 PM |
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Bitcoin is seen as a currency that is not regulated by any institute. It does not generate any revenue and therefore, has a zero minimal value. What then brings about its value and drives it as well?
The value of Bitcoin is not in its price and Bitcoin is not a means to save money. The decentralized Bitcoin network has opened up the possibility of innovation: - the blockchain,
- open source code,
- additional improvements based on the existing network.
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LyQaN
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October 06, 2018, 05:44:46 PM |
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Individuals who are related directly or indirectly to this market, drives the Bitcoin market.We all know that the price of Bitcoin depends upon it's demand and here demand is the number of people buying and selling .So with an increase or decrease in the demand the price increases or decreases which means that definitely the individuals have a large role in driving the Bitcoin market.
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safarabela
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October 06, 2018, 06:07:43 PM |
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Bitcoin has value because of demand, value will increase with increasing demand, and because bitcoin is not controlled by the government, if demand decreases and many of those who sell it certainly will reduce the value of bitcoin. That is bitcoin, a value that can rise and fall depending on market conditions.
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sunsilk
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October 06, 2018, 06:09:23 PM |
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The people, the technology, the demand and the supply.
Those are the factors that drives bitcoin's value and yes you and I are part of those factors. It's worthless if there's no adoption and you can't use it in real life although most alts has its own price but doesn't have real use case and bitcoin is different from those.
It has its market cap that has the biggest share in the crypto market which has been contributed by us.
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Ronaldcoin2017
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October 06, 2018, 06:41:25 PM |
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The people, the technology, the demand and the supply.
Those are the factors that drives bitcoin's value and yes you and I are part of those factors. It's worthless if there's no adoption and you can't use it in real life although most alts has its own price but doesn't have real use case and bitcoin is different from those.
It has its market cap that has the biggest share in the crypto market which has been contributed by us.
Yes I agree on that every individual specially to those who are investing in a big amount in bitcoin will really drive the price to become high and sometimes low, I think it is all because of the direct effect of purchasing or maybe dumping bitcoin on the market place, it will always depend on the volume of investors in the market place. |
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Lorin
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October 06, 2018, 07:03:27 PM |
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Bitcoin is not the same as fiat money. Bitcoin attracts more people because of being decentralized and digital yet the value is not stable more and more people are engage on it. The more people who use bitcoin the more to increase it demand and supply.
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SventraPapere
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October 06, 2018, 07:29:39 PM |
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Why is it not profitable?Very even brings!Someone not at all bad this could get rich!It's a high-risk asset.Which has a very high volatility.It's a long-term investment.Like securities or shares.It is controlled by exchanges and owners around the world.This is the meaning of blockchain.That it is controlled by the people themselves, not some company.
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