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bobyhodob
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May 08, 2020, 09:25:29 PM |
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So far from the analysis that I have done in cryptocurrency to be able to influence the cryptocurrency price movements, it is usually influenced by global economic conditions, total supply and news about its development in several media.
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abel1337
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May 08, 2020, 09:30:57 PM |
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Those are common factors that can affect the price of altcoin, dude. I guess there are more factors other than it just like
~snip
rumors and news to make the coin market will be visited a lot, one marketing technique that in my opinion can affect the price on the exchange. what is talked about a lot will make many people interested and want to know in advance, the bad sometimes there is FOMO with marketing techniques like this. Basically that idea works by spreading the news to the various sites or even forums to make the readers aware about our coin that has been getting a good performance and it still continues, that will create massive awareness and the result will be like what you have already said to make FOMO happen and then there would be a big pump like happened with bitcoin. Good news means people will buy-in It's true, It can also make a hype into the market that could possibly make the price go higher because of the possible demand that the hype can make. This is why an update on a project is important because it affects the price of token's value if it successfully built a hype on the market. |
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kindbtc
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May 08, 2020, 09:38:45 PM |
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A lot depends on the team as well, how well they understand tokenomics and their own token strategy, all the factors including exchange listing, circulating supply and team percentage locked for atleast 2 years with buy back and burning of tokens are all small factors that effect the price of crypto and only a competent team can come up with a strategy and planning that covers all these aspects.
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xiboothrezi
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May 08, 2020, 11:51:50 PM |
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~
3. Rumour and news
This is also an important part because when you were a trader before and you might have seen so many whales that were buying the rumor and sell for the news.
The OP missed this very important point. Rumours alone can make big changes to the market. We must be very familiar with this term: Buy the rumour, sell the fact. This news and rumours can lead public opinion to be interested in what is happening and discussed. This can affect one's psychology, can cause FOMO too. |
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asriloni
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May 09, 2020, 03:06:15 AM |
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So far from the analysis that I have done in cryptocurrency to be able to influence the cryptocurrency price movements, it is usually influenced by global economic conditions, total supply and news about its development in several media.
The total supply doesn't matter a lot when the team can do the best to develop the product. I should remind you that when the developer was doing a proper development and the people will also join in the market whatever how much total supply that already issued. |
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bgaf
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May 09, 2020, 05:02:11 AM |
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The OP missed this very important point.
Rumours alone can make big changes to the market. We must be very familiar with this term: Buy the rumour, sell the fact. This news and rumours can lead public opinion to be interested in what is happening and discussed. This can affect one's psychology, can cause FOMO too.
Maybe what you meant is buy rumors and sell the news. This is not a good basis for me, why would you used something that totally depend on hype. I know many have been fomo or fud on these news, but you as a trader? Would you used it? Its like telling me to cheat on exam day than rather study and be ready for it. All OP mentioned are the basics but totally attached a factor on market price. Utilities are also important cause we can see the usefulness of such project and why would investors should invest on that. |
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Leonardo7
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May 09, 2020, 08:41:31 AM |
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I think some of my factors that can affect coin price are:
Reputation of the team behind the project,
Following road maps and successfully executing it without giving failure excuses.
Been traded on reputable exchange with good liquidity in addition to your above mentioned factide
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2february
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May 09, 2020, 10:17:04 AM |
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So far from the analysis that I have done in cryptocurrency to be able to influence the cryptocurrency price movements, it is usually influenced by global economic conditions, total supply and news about its development in several media.
it also includes factors that can affect the cryptoqurrency industry, and several other factors such as negative news about the market, corona outbreaks and lack of project investors |
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Dhoe
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May 10, 2020, 05:15:11 AM |
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The OP missed this very important point.
Rumours alone can make big changes to the market. We must be very familiar with this term: Buy the rumour, sell the fact. This news and rumours can lead public opinion to be interested in what is happening and discussed. This can affect one's psychology, can cause FOMO too.
That's right, if FOMO happens then people will be competing to buy so it's make the Crypto prices increase. Indeed, Rumor become one of the factors that can make the Crypto prices go up, especially if a rumor is spoken by an expert in the Crypto world, then I'm sure the Crypto prices will quickly increase. |
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Kupid002
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May 10, 2020, 05:34:52 AM |
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So far from the analysis that I have done in cryptocurrency to be able to influence the cryptocurrency price movements, it is usually influenced by global economic conditions, total supply and news about its development in several media.
Agree new development achieve will help the price increase and to be known by other traders. If they have news about the project achievement and posted in popular crypto news website like cointelegraph and other popular crypto news . The same if they release negative news it will also affect the price of coins in negativeway . |
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Anonylz
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May 10, 2020, 05:56:43 AM |
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I choose utility as the number factor above others, let's be realistic and keep fake pumping of price and bot trading aside, what will make a price if a coin/token increase other than utility, and without utility there will be no demand, will anyone demand for something that is not useful in anyway?
So my first factor to affect price will be utility, once there is a use case for a token, there will be demand for it and it will affect the price positively. This the case with 99% of token in the market, no actual and physical use case, the price are just being pumped by exchange.
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bitcoin_bob
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May 10, 2020, 06:20:49 AM |
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Utility is the main factor. Without it, price will be the subject of speculation
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suryapro
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May 10, 2020, 07:03:06 AM |
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true it does affect the price of the cryptocurrency itself, but there are also other factors that have an influence on the price development of this crypto money including, the world economy and international security
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Baimovic
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May 10, 2020, 07:37:39 AM |
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factors that greatly affect the price of cryptoqurrency such as demand and supply in the market. this often happens in the market, on the other hand negative news about the market and the global financial crisis is also one of the factors that can influence it.
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Krabby
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May 10, 2020, 05:03:21 PM |
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Supply and demand will be the most important factor for cryptocurrencies, which will help prices rise or fall in the long run. In addition, news also greatly affects the price of cryptocurrency, if a project offers good news and cooperates with major partners because its price will surely be pumped strongly and if there is FUD, prices will quickly fall to the bottom
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mersal
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May 10, 2020, 05:41:02 PM |
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Trading affect the crypto prices as well, especially one who tries to sell the market for short time if there are more traders like this which could create an impact on the prices which results in bump or dump on the particular coin.And more importantly anything which affects the price of bitcoin will affect the whole crypto market as well.So as an investor its better to keep an eye on the bitcoin related news rather than looking for every coins development.
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ShowOff
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May 10, 2020, 06:05:16 PM |
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Trading affect the crypto prices as well, especially one who tries to sell the market for short time if there are more traders like this which could create an impact on the prices which results in bump or dump on the particular coin.And more importantly anything which affects the price of bitcoin will affect the whole crypto market as well.
1 altcoin cant affect the price of other altcoins and only bitcoin can do it. The condition you mentioned is what happens to altcoin that just entered the exchange. Sales that are not balanced with demand cause prices to decrease many times and are very rare in other popular altcoins like the top 10 altcoins. So as an investor its better to keep an eye on the bitcoin related news rather than looking for every coins development. Although bitoin can affect the price of altcoin but forgetting the latest developments in which you invest is also not something that can be done. There are conditions where events can be different even though the price of bitcoin goes down and in many cases like altcoin succes listed to the top exchange, the price can change. |
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pixie85
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May 10, 2020, 06:21:12 PM |
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To me the most important factors that influences the price of an altcoin are utility and the actions of the dev team.
If the dev team premines and dumps or abandons the project it's already doomed.
A scam coin will never be anything more than a scam coin. You can pretend a coin has utility and partnerships for some time but the truth will eventually come out and the bubble will pop.
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Bonwin
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May 10, 2020, 06:26:25 PM |
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Trading affect the crypto prices as well, especially one who tries to sell the market for short time if there are more traders like this which could create an impact on the prices which results in bump or dump on the particular coin.And more importantly anything which affects the price of bitcoin will affect the whole crypto market as well.So as an investor its better to keep an eye on the bitcoin related news rather than looking for every coins development.
The rise and fall of bitcoin do not affect every coin. There are instances where no matter how low the price of bitcoin is, when it is time for some tokens to rise, they will. Also, there will always be trading, when supply and deans are constantly in place on the market. Particular the demand for the coin. The first thing the tea of a serious project does, when they want a price increase for their token, is to create demand for it, even when it is not listed. One would have come across some projects where those who do not have the tokens might start asking where it is sold so they could buy. This is one of the ways one which the price van increase and if there is nothing of such, the reverse will be the case. |
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mersal
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May 10, 2020, 06:26:50 PM |
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Trading affect the crypto prices as well, especially one who tries to sell the market for short time if there are more traders like this which could create an impact on the prices which results in bump or dump on the particular coin.And more importantly anything which affects the price of bitcoin will affect the whole crypto market as well.
1 altcoin cant affect the price of other altcoins and only bitcoin can do it. The condition you mentioned is what happens to altcoin that just entered the exchange. Sales that are not balanced with demand cause prices to decrease many times and are very rare in other popular altcoins like the top 10 altcoins. So as an investor its better to keep an eye on the bitcoin related news rather than looking for every coins development. Although bitoin can affect the price of altcoin but forgetting the latest developments in which you invest is also not something that can be done. There are conditions where events can be different even though the price of bitcoin goes down and in many cases like altcoin succes listed to the top exchange, the price can change. Bump and dump is more common with the newly listed coins because it has less marketcap so it is easy to manipulate the prices. But whales also manipulate the prices of altcoins from time to time so its better to beware all the time. Those are just rare events and possibly will have short time effect on that coin's price that's why said its better to follow bitcoin than each and every market movement. |
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