Still confusing. Economic/War crisis vs Damand. Which one is to boost Bitcoin$?

[yamasis]

Bitcoin prices sometimes soars so high due to certain matter like speech from a figure.

or

It just sometimes soars without any issue.


Which is the frequent factor? or maybe not both?


Btw, has anyone experienced BISPEX exchange known as its insurance funding?

[davis196]

By "Damand" you mean demand,right?
The only force that pumps the bitcoin price up are the crypto whales.Forget about all theories that global events,wars,disasters and crisis would pump the bitcoin price.A speech from a figure with authority might dump the bitcoin price,by creating panic selling across the crypto markets,but I don't believe that a public statement from a famous and rich person could pump the bitcoin price up.

[kro55]

Bitcoin prices sometimes soars so high due to certain matter like speech from a figure.

or

It just sometimes soars without any issue.
Which is the frequent factor? or maybe not both?

First of all please avoid too many lines spaces.
Crypto currently is affected by global events going around us like Chinese president address last year regarding blockchain adoption and recent us Iran tension. Global events have huge impact on bitcoin price.

[Wysi]

Usually, bitcoin's price is completely dependent on demand and supply but yes the demands tend to increase or decrease based on the speech or news from a reputed figure or organization and nature of speech or announcement they make. When the market is stable and there are no fluctuations then whales create manipulation to get profited and sometimes traders plan manipulation.

[Wexnident]

Your topic title had no relation to what you just posted. And the answer would simply be supply and demand. Thats it. If traders get influenced by well known people, or by news of the lets say as a sample, the Iran and US tensions, then they would change the current demand for the market, which then changes the market price of BTC. Now if you were to ask what influences supply and demand, Basically, decisions of traders. And what influences a trader? Their opinion regarding a certain matter that could potentially risk their funds towards a big growth or a big loss.

[BrewMaster]

Bitcoin prices sometimes soars so high due to certain matter like speech from a figure.

to this day there has only been a handful of "speeches" that only affected the price a little bit. there has never been any significant case such as "soaring" because of it.

it is understandable too because although the market may have many newbie participants but the majority of it are not idiots to jump at whatever someone said.

[panganib999]

Demand though. Long term traders would rarely be persuaded by famous so called "crypto enthusiasts". Like, they've been on the scene for 5 years or more, I doubt they would be easily persuaded by such. Also, boosting? Its simply movement. There's no boosting here. Even if Trump announced he'd support the Crypto scene, People are still generally in the unknown side of what crypto really is. So, the popularity of crypto may rise, but Price wouldn't' rise exponentially.

[btccashacc]

It's all about demand and supply but the question is what factors that affect the supply and demand in bitcoin industry, it might be war or economic crisis, during these hard situations people will looking for the alternative to secure their asset then if all those people get into the bitcoin then the price soar, back in time so many exchanges got hacked and caused the price crashed down, this is also another case that can influence the price, however I don't think that someone's speech can bring big impact to the price.

[LeGaulois]

I agree with @btccashacc.

And actually we can see a relation between the demand and an economic crisis or geopolitical tensions.

Gold is a good comparison recently when it regained its role as a safe haven since December, the price reacted to the political problems like the USA vs China and Iran, the U.S. trade policy,  lower interest rates, and more things (I didn't check the value since 2-3 weeks so excuse if the trend reversed but if you look at December alone it's enough).
Investors started to move their funds to Bitcoin to use it too as a safe haven like they do with gold.

The same can be said about Venezuela and its economical problem.

Lower risk investment, Bitcoin is getting its chair near gold in the Exter's Pyramid



Since it creates more demand the Bitcoin price naturally increases, it's a snowball effect: more problems=>more demand=>higher value

[Gozie51]

I think that war crisis is likely to boost the price of bitcoin because people will be scared to leave their money in fiat so it won't be a good thing that monies were lost after and during the at time. So at this time, demand for bitcoin will increase.

[crzy]

Bitcoin prices sometimes soars so high due to certain matter like speech from a figure.

or

It just sometimes soars without any issue.


Which is the frequent factor? or maybe not both?

News about the hype and fud usually move the price of a coin. Expect the price to go up if Trump legalize bitcoin and even the China but also see the price to go deep if Japan banned bitcoin. The demand is already here but since the market depends on the news, it usually get distracted.

[Myfe]

Which is the frequent factor? or maybe not both?

Let's think about what the people outside the industry think is driving Bitcoin demand.

Here's an article from Business Insider: 5 theories bitcoin price tripled to $12,000 in three months

This article credits much of the rise to mainstream companies in the investment or payments world announcing publicly that they're "looking at" ways to use blockchain or cryptocurrency in their business. They don't mention "Bitcoin" but any positive news about blockchain or cryptocurrency is going to bode will for the perception of Bitcoin and the other major currencies.

TD Ameritrade (about to be CharlesSchwab) and Etrade both rolled out cryptocurrency futures investment options over a year ago.

Finally, this article theorizes that low interest rates is "juicing demand" by making it easier to borrow money. Their theory is logical, but impossible to draw a causal relationship, so I think this theory isn't valid.

[pixie85]

Lower risk investment, Bitcoin is getting its chair near gold in the Exter's Pyramid

I think that real estate is in a much better position than fiat money, especially the one held in a bank. Houses are one of those things that will always be in demand. That demand can rise and fall but it will always be there unless the area gets nuked and turns into a ghost town.

If you buy a house in some remote area you will always have a safe place to stay if things go south,. It's a good allocation of capital.

Of course Bitcoin is much better but I'd rather have a house than a bag full of fiat money of equal value.

[electronicash]

it soar high because of the demand. xi jinping speech is just something that is not expected but its not even mentioning BTC.  there are also tweets of the people who are known to be btc supporter which the followers take it seriously despite the unbelievable speculations. war had proven to be one of the catapult as we have seen it happen in Iran LBC but we don't want war.  the best reason would be the halving since BTC had been following this pattern for years that every halving BTC goes high.

[samcrypto]

it soar high because of the demand. xi jinping speech is just something that is not expected but its not even mentioning BTC.  there are also tweets of the people who are known to be btc supporter which the followers take it seriously despite the unbelievable speculations. war had proven to be one of the catapult as we have seen it happen in Iran LBC but we don't want war.  the best reason would be the halving since BTC had been following this pattern for years that every halving BTC goes high.

Bitcoin hodlers rejoices when well known individual claim that they supported bitcoin and cryptocurrency, the trend always pump on this. Halving will just lessen the supply but it cannot increase the demand so we can’t say yet that the incoming halving will be big after months and maybe it will take years before we feel the effect of that one. Mass adoption is the key for the value to get high on a real one, and the economic crisis can’t affect cryptocurrency anymore.

[hello_good_sir]

Bitcoin prices sometimes soars so high due to certain matter like speech from a figure.

or

It just sometimes soars without any issue.


Which is the frequent factor? or maybe not both?

You're absolutely right. Sometimes, there are just random movements within the market that people try to attribute to certain events that have virtually no correlation with the price hike/dump. In that sense, there is a lot of noise within the market, especially in the short run, that have a substantial effect on price movement.

For instance, a whale could simply be deciding one day that he wants to load up on a position, and his buys could influence others within the market to take on a similar position.

There is nothing that is predictable about that, nor should it be attributed to bitcoin news of that particular day.

But there are certain news, such as regulations, especially in big crypto countries like China that USED TO have a much bigger impact on the wider markets. However, with the markets now more mature, I doubt that the effect will be as pronounced if there were to be further restrictions on regulation.

[pooya87]

I think that real estate is in a much better position than fiat money, especially the one held in a bank. Houses are one of those things that will always be in demand. That demand can rise and fall but it will always be there unless the area gets nuked and turns into a ghost town.

If you buy a house in some remote area you will always have a safe place to stay if things go south,. It's a good allocation of capital.

Of course Bitcoin is much better but I'd rather have a house than a bag full of fiat money of equal value.

there are always two reasons for making an investment, you are either trying to make profit on your capital or you are trying to convert and "store" your money in something else that could keep its value. buying a house in a remote area doesn't satisfy the first thing since the price of it is not going to go up at all and that is what majority of investors are looking for. and it barely satisfies the second specially since you can't really use that house either, because of being "remote". and selling something like that to pull your money out is also going to be very hard because there is little to no demand for something like that.
that is why things like gold and nowadays bitcoin are in demand. because they are easy to buy, sell and store and there is always demand.

[Getmon]

Most of the time, Bitcoin is just being bought and sold. And that is the reason why the price of Bitcoin is ever changing. There are always people who dump and there are always people who buy.

But the people sometimes decide based on what is going on in the market. If someone rich and powerful releases a statement that is bullish on Bitcoin then that could affect the demand. But that very seldom happens. It is not everyday that someone very popular and respected will speak about Bitcoin. 

[Hippocrypto]

Most of the time, Bitcoin is just being bought and sold. And that is the reason why the price of Bitcoin is ever changing. There are always people who dump and there are always people who buy.

But the people sometimes decide based on what is going on in the market. If someone rich and powerful releases a statement that is bullish on Bitcoin then that could affect the demand. But that very seldom happens. It is not everyday that someone very popular and respected will speak about Bitcoin. 

That is always dependent on how a person understands a certain information, and we need to be updated from different discussions because it helps us come up the best outcome. If more people bought bitcoin, they're just trading shortly and if other people prefers to dump then they needed it personally. Keeping your digital asset on hold is a long term plans compared with day traders who trade quickly.

[Jating]

Bitcoin prices sometimes soars so high due to certain matter like speech from a figure.

or

It just sometimes soars without any issue.


Which is the frequent factor? or maybe not both?

Or maybe don't complicated things on your end and just look at the simply supply and demand?

And there hasn't been that I"m aware of that affect the price like war or any geo/political crisis around the globe. Heck even others are saying that the Chinese Lunar year will have a positive effect. But we haven't seen any impact. So there's no catalyst whatsoever, it still based on the simply economic law of supply and demand. People sell because they feel like doing it, others buy because they thought it is still cheap and good investment platform.